Can I retire at age 51 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$982,691$973,938$965,398$957,062$948,923$931,288
2 years$486,481$477,420$468,640$460,126$451,868$434,167
3 years$321,099$311,999$303,241$294,807$286,684$269,468
4 years$238,424$229,353$220,682$212,392$204,465$187,868
5 years$188,832$179,815$171,258$163,137$155,431$139,499
6 years$155,782$146,833$138,402$130,462$122,987$107,739
7 years$132,184$123,310$115,013$107,260$100,022$85,460
8 years$114,493$105,699$97,540$89,978$82,978$69,100
9 years$100,741$92,030$84,011$76,641$69,879$56,676
10 years$89,746$81,120$73,243$66,065$59,541$47,001
11 years$80,756$72,217$64,482$57,497$51,207$39,316
12 years$73,269$64,818$57,226$50,432$44,375$33,116
13 years$66,939$58,576$51,128$44,524$38,696$28,051
14 years$61,518$53,244$45,938$39,524$33,920$23,871
15 years$56,825$48,640$41,476$35,248$29,866$20,391
16 years$52,721$44,626$37,604$31,561$26,396$17,475
17 years$49,105$41,099$34,218$28,357$23,404$15,016
18 years$45,894$37,977$31,237$25,556$20,810$12,932
19 years$43,024$35,197$28,596$23,092$18,548$11,159
20 years$40,444$32,707$26,244$20,914$16,568$9,645
21 years$38,113$30,465$24,139$18,981$14,826$8,348
22 years$35,997$28,438$22,248$17,258$13,290$7,234
23 years$34,068$26,597$20,542$15,717$11,930$6,276
24 years$32,302$24,920$18,998$14,335$10,723$5,449
25 years$30,680$23,386$17,596$13,091$9,649$4,735
26 years$29,185$21,979$16,319$11,970$8,691$4,117
27 years$27,803$20,685$15,154$10,957$7,836$3,582
28 years$26,523$19,491$14,088$10,039$7,070$3,118
29 years$25,332$18,388$13,110$9,206$6,384$2,715
30 years$24,223$17,365$12,211$8,448$5,769$2,365
31 years$23,188$16,416$11,384$7,759$5,215$2,061
32 years$22,219$15,533$10,622$7,131$4,718$1,796
33 years$21,311$14,710$9,917$6,557$4,270$1,566
34 years$20,458$13,942$9,266$6,033$3,866$1,366
35 years$19,656$13,223$8,663$5,554$3,501$1,191
36 years$18,900$12,551$8,104$5,115$3,172$1,039
37 years$18,186$11,921$7,586$4,713$2,875$907
38 years$17,512$11,329$7,104$4,344$2,607$791
39 years$16,874$10,773$6,655$4,005$2,364$691
40 years$16,269$10,249$6,238$3,694$2,144$603
41 years$15,695$9,756$5,849$3,409$1,945$526
42 years$15,150$9,292$5,487$3,146$1,765$459
43 years$14,632$8,853$5,149$2,904$1,602$401
44 years$14,139$8,439$4,833$2,681$1,454$350
45 years$13,669$8,047$4,538$2,476$1,320$306
46 years$13,221$7,677$4,262$2,287$1,198$267
47 years$12,793$7,326$4,004$2,113$1,088$233
48 years$12,384$6,994$3,763$1,953$988$203
49 years$11,993$6,678$3,537$1,805$898$178
50 years$11,619$6,379$3,325$1,668$815$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $11,900,000, adding $6,458 every year, while hoping to spend $59,596 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: 38/41/21 Blend
50$11,900,000$11,900,000$11,900,000$11,900,000
51$13,120,461$12,489,761$12,305,311$13,536,290
52$14,395,339$13,038,350$12,654,130$14,386,423
53$15,798,256$13,611,822$13,012,636$15,298,493
54$17,342,211$14,211,334$13,381,092$16,282,987
55$19,041,524$14,838,097$13,759,766$17,346,481
56$20,911,975$15,493,379$14,148,933$18,496,189
57$22,970,950$16,178,508$14,548,876$19,740,023
58$25,237,608$16,894,877$14,959,885$21,086,669
59$27,733,060$17,643,941$15,382,257$22,545,658
60$30,480,566$18,427,228$15,816,297$24,127,453
61$33,505,758$19,246,336$16,262,316$25,843,543
62$36,836,879$20,102,940$16,720,638$27,706,545
63$40,505,050$20,998,794$17,191,589$29,730,319
64$44,544,565$21,935,735$17,675,507$31,930,088
65$48,993,213$22,915,689$18,172,739$34,322,579
66$53,892,634$23,940,671$18,683,639$36,926,175
67$59,288,712$25,012,793$19,208,570$39,761,078
68$65,232,010$26,134,269$19,747,907$42,849,493
69$71,778,243$27,307,416$20,302,030$46,215,833
70$78,988,808$28,534,664$20,871,332$49,886,938
71$86,931,360$29,818,556$21,456,215$53,892,320
72$95,680,452$31,161,758$22,057,091$58,264,436
73$105,318,237$32,567,063$22,674,382$63,038,981
74$115,935,245$34,037,397$23,308,522$68,255,218
75$127,631,236$35,575,825$23,959,953$73,956,337
76$140,516,141$37,185,560$24,629,131$80,189,855
77$154,711,103$38,869,968$25,316,522$87,008,049
78$170,349,613$40,632,574$26,022,604$94,468,441
79$187,578,778$42,477,075$26,747,865$102,634,329
80$206,560,703$44,407,341$27,492,809$111,575,371
81$227,474,025$46,427,431$28,257,947$121,368,229
82$250,515,595$48,541,594$29,043,808$132,097,281
83$275,902,341$50,754,288$29,850,931$143,855,399
84$303,873,311$53,070,179$30,679,868$156,744,817
85$334,691,931$55,494,160$31,531,187$170,878,073
86$368,648,492$58,031,358$32,405,465$186,379,062
87$406,062,889$60,687,145$33,303,299$203,384,181
88$447,287,640$63,467,152$34,225,296$222,043,606
89$492,711,215$66,377,278$35,172,079$242,522,686
90$542,761,703$69,423,708$36,144,287$265,003,485
91$597,910,849$72,612,923$37,142,574$289,686,481
92$658,678,513$75,951,713$38,167,607$316,792,438
93$725,637,573$79,447,199$39,220,074$346,564,464
94$799,419,333$83,106,839$40,300,674$379,270,286
95$880,719,484$86,938,454$41,410,126$415,204,751
96$970,304,671$90,950,238$42,549,165$454,692,583
97$1,069,019,730$95,150,781$43,718,544$498,091,423
98$1,177,795,659$99,549,087$44,919,032$545,795,178
99$1,297,658,415$104,154,590$46,151,418$598,237,706
100$1,429,738,591$108,977,183$47,416,508$655,896,883