Can I retire at age 51 with 11,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$974,433$965,753$957,285$949,019$940,949$913,023
2 years$482,393$473,408$464,701$456,259$448,071$420,167
3 years$318,401$309,378$300,693$292,330$284,274$257,267
4 years$236,421$227,425$218,827$210,607$202,747$176,843
5 years$187,245$178,304$169,819$161,766$154,125$129,395
6 years$154,473$145,599$137,239$129,366$121,954$98,420
7 years$131,073$122,274$114,046$106,359$99,181$76,843
8 years$113,531$104,811$96,720$89,222$82,280$61,124
9 years$99,894$91,257$83,305$75,997$69,292$49,296
10 years$88,992$80,438$72,627$65,510$59,040$40,176
11 years$80,077$71,610$63,940$57,014$50,777$33,012
12 years$72,653$64,273$56,745$50,009$44,002$27,302
13 years$66,377$58,084$50,698$44,150$38,370$22,697
14 years$61,001$52,797$45,552$39,192$33,635$18,948
15 years$56,347$48,231$41,128$34,952$29,615$15,872
16 years$52,278$44,251$37,288$31,296$26,174$13,334
17 years$48,692$40,753$33,931$28,119$23,208$11,228
18 years$45,508$37,658$30,974$25,341$20,635$9,472
19 years$42,662$34,901$28,356$22,898$18,393$8,005
20 years$40,104$32,432$26,023$20,738$16,429$6,773
21 years$37,793$30,209$23,936$18,821$14,702$5,738
22 years$35,695$28,199$22,061$17,113$13,178$4,866
23 years$33,782$26,374$20,370$15,585$11,829$4,129
24 years$32,031$24,711$18,838$14,214$10,633$3,507
25 years$30,422$23,190$17,448$12,981$9,568$2,980
26 years$28,940$21,795$16,182$11,870$8,618$2,533
27 years$27,570$20,511$15,027$10,864$7,770$2,155
28 years$26,300$19,328$13,969$9,954$7,011$1,833
29 years$25,119$18,233$13,000$9,128$6,331$1,560
30 years$24,020$17,219$12,109$8,377$5,720$1,328
31 years$22,993$16,278$11,289$7,694$5,172$1,131
32 years$22,033$15,402$10,532$7,071$4,678$963
33 years$21,132$14,586$9,834$6,502$4,234$820
34 years$20,286$13,825$9,188$5,983$3,833$699
35 years$19,491$13,112$8,591$5,507$3,472$595
36 years$18,741$12,446$8,036$5,072$3,146$507
37 years$18,034$11,820$7,522$4,673$2,851$432
38 years$17,365$11,234$7,044$4,308$2,585$368
39 years$16,732$10,682$6,599$3,972$2,344$314
40 years$16,132$10,163$6,186$3,663$2,126$268
41 years$15,564$9,674$5,800$3,380$1,929$228
42 years$15,023$9,213$5,441$3,119$1,750$194
43 years$14,509$8,779$5,105$2,879$1,588$166
44 years$14,020$8,368$4,792$2,659$1,442$141
45 years$13,554$7,979$4,500$2,455$1,309$120
46 years$13,109$7,612$4,226$2,268$1,188$103
47 years$12,685$7,264$3,971$2,095$1,079$87
48 years$12,280$6,935$3,731$1,936$980$75
49 years$11,892$6,622$3,507$1,789$890$64
50 years$11,521$6,326$3,297$1,654$808$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $11,800,000, adding $6,068 every year, while hoping to spend $27,333 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 59/23/18 Blend
50$11,800,000$11,800,000$11,800,000$11,800,000
51$13,009,859$12,384,459$12,201,559$13,716,120
52$14,307,783$12,962,216$12,581,229$14,772,767
53$15,737,178$13,567,366$12,972,702$15,921,033
54$17,311,427$14,201,224$13,376,345$17,172,672
55$19,045,275$14,865,166$13,792,534$18,537,674
56$20,954,970$15,560,636$14,221,661$20,027,023
57$23,058,417$16,289,147$14,664,126$21,652,802
58$25,375,345$17,052,285$15,120,344$23,428,298
59$27,927,497$17,851,713$15,590,742$25,368,128
60$30,738,830$18,689,175$16,075,761$27,488,371
61$33,835,744$19,566,499$16,575,853$29,806,718
62$37,247,333$20,485,601$17,091,487$32,342,634
63$41,005,655$21,448,489$17,623,146$35,117,537
64$45,146,038$22,457,270$18,171,327$38,154,998
65$49,707,410$23,514,153$18,736,542$41,480,955
66$54,732,671$24,621,452$19,319,322$45,123,958
67$60,269,095$25,781,594$19,920,210$49,115,430
68$66,368,775$26,997,125$20,539,770$53,489,960
69$73,089,117$28,270,711$21,178,580$58,285,626
70$80,493,383$29,605,152$21,837,238$63,544,342
71$88,651,283$31,003,379$22,516,360$69,312,257
72$97,639,637$32,468,468$23,216,581$75,640,177
73$107,543,099$34,003,643$23,938,557$82,584,043
74$118,454,958$35,612,284$24,682,961$90,205,450
75$130,478,015$37,297,936$25,450,491$98,572,222
76$143,725,553$39,064,316$26,241,863$107,759,044
77$158,322,412$40,915,320$27,057,818$117,848,163
78$174,406,161$42,855,034$27,899,118$128,930,151
79$192,128,401$44,887,742$28,766,550$141,104,756
80$211,656,193$47,017,936$29,660,924$154,481,832
81$233,173,636$49,250,327$30,583,077$169,182,370
82$256,883,607$51,589,853$31,533,870$185,339,627
83$283,009,673$54,041,693$32,514,192$203,100,377
84$311,798,200$56,611,278$33,524,959$222,626,284
85$343,520,687$59,304,300$34,567,115$244,095,419
86$378,476,317$62,126,731$35,641,634$267,703,930
87$416,994,793$65,084,832$36,749,519$293,667,877
88$459,439,440$68,185,167$37,891,807$322,225,265
89$506,210,643$71,434,621$39,069,563$353,638,277
90$557,749,624$74,840,412$40,283,888$388,195,731
91$614,542,603$78,410,110$41,535,916$426,215,796
92$677,125,396$82,151,652$42,826,816$468,048,982
93$746,088,465$86,073,363$44,157,794$514,081,429
94$822,082,501$90,183,970$45,530,092$564,738,540
95$905,824,559$94,492,627$46,944,993$620,488,975
96$998,104,830$99,008,932$48,403,816$681,849,065
97$1,099,794,103$103,742,949$49,907,924$749,387,660
98$1,211,851,983$108,705,235$51,458,721$823,731,484
99$1,335,335,951$113,906,858$53,057,655$905,571,032
100$1,471,411,349$119,359,425$54,706,217$995,667,062