Can I retire at age 51 with 12,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$990,949$982,122$973,510$965,105$956,897$939,499
2 years$490,569$481,432$472,578$463,993$455,665$438,199
3 years$323,797$314,621$305,789$297,285$289,093$272,103
4 years$240,428$231,280$222,536$214,177$206,183$189,800
5 years$190,419$181,326$172,697$164,508$156,737$141,008
6 years$157,091$148,067$139,565$131,559$124,021$108,963
7 years$133,294$124,346$115,979$108,162$100,862$86,480
8 years$115,455$106,588$98,360$90,734$83,675$69,965
9 years$101,588$92,804$84,717$77,285$70,466$57,420
10 years$90,500$81,802$73,858$66,621$60,041$47,647
11 years$81,434$72,823$65,024$57,980$51,637$39,882
12 years$73,885$65,362$57,707$50,856$44,748$33,614
13 years$67,502$59,068$51,557$44,898$39,021$28,492
14 years$62,035$53,692$46,324$39,856$34,205$24,262
15 years$57,302$49,048$41,825$35,544$30,117$20,740
16 years$53,165$45,001$37,920$31,826$26,618$17,786
17 years$49,518$41,444$34,506$28,595$23,601$15,294
18 years$46,279$38,296$31,499$25,770$20,985$13,182
19 years$43,385$35,493$28,836$23,286$18,704$11,383
20 years$40,784$32,981$26,464$21,090$16,707$9,846
21 years$38,434$30,721$24,342$19,140$14,951$8,528
22 years$36,300$28,677$22,435$17,403$13,401$7,396
23 years$34,354$26,821$20,715$15,849$12,030$6,421
24 years$32,574$25,129$19,158$14,455$10,813$5,579
25 years$30,938$23,583$17,744$13,201$9,730$4,852
26 years$29,430$22,164$16,457$12,071$8,764$4,222
27 years$28,037$20,859$15,281$11,049$7,902$3,676
28 years$26,745$19,655$14,206$10,123$7,130$3,203
29 years$25,545$18,542$13,220$9,283$6,438$2,791
30 years$24,427$17,511$12,314$8,519$5,817$2,433
31 years$23,383$16,554$11,480$7,824$5,259$2,122
32 years$22,406$15,663$10,711$7,191$4,757$1,852
33 years$21,490$14,834$10,001$6,613$4,305$1,616
34 years$20,630$14,059$9,344$6,084$3,898$1,410
35 years$19,821$13,335$8,736$5,601$3,531$1,231
36 years$19,059$12,656$8,172$5,158$3,199$1,075
37 years$18,339$12,021$7,649$4,753$2,899$939
38 years$17,659$11,424$7,163$4,381$2,629$820
39 years$17,016$10,863$6,711$4,039$2,384$716
40 years$16,406$10,335$6,290$3,725$2,162$625
41 years$15,827$9,838$5,898$3,437$1,961$546
42 years$15,278$9,370$5,533$3,172$1,780$477
43 years$14,755$8,927$5,192$2,928$1,615$417
44 years$14,258$8,510$4,873$2,704$1,466$364
45 years$13,784$8,115$4,576$2,497$1,331$318
46 years$13,332$7,741$4,298$2,307$1,209$278
47 years$12,900$7,387$4,038$2,131$1,097$243
48 years$12,488$7,052$3,794$1,969$997$213
49 years$12,094$6,735$3,567$1,820$905$186
50 years$11,716$6,433$3,353$1,682$822$162

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $12,000,000, adding $3,384 every year, while hoping to spend $30,475 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: 70/6/24 Blend
50$12,000,000$12,000,000$12,000,000$12,000,000
51$13,227,491$12,591,491$12,405,491$14,072,965
52$14,544,269$13,176,048$12,788,649$15,223,518
53$15,994,338$13,788,228$13,183,623$16,478,685
54$17,591,261$14,429,351$13,590,774$17,851,980
55$19,349,983$15,100,803$14,010,478$19,355,112
56$21,286,973$15,804,034$14,443,121$21,000,973
57$23,420,380$16,540,568$14,889,101$22,803,756
58$25,770,202$17,311,999$15,348,829$24,779,092
59$28,358,475$18,119,999$15,822,728$26,944,189
60$31,209,483$18,966,323$16,311,233$29,317,998
61$34,349,986$19,852,808$16,814,794$31,921,387
62$37,809,469$20,781,380$17,333,874$34,777,341
63$41,620,426$21,754,059$17,868,951$37,911,169
64$45,818,665$22,772,963$18,420,516$41,350,748
65$50,443,642$23,840,311$18,989,076$45,126,782
66$55,538,838$24,958,431$19,575,155$49,273,088
67$61,152,167$26,129,762$20,179,290$53,826,913
68$67,336,429$27,356,862$20,802,038$58,829,287
69$74,149,809$28,642,412$21,443,970$64,325,404
70$81,656,422$29,989,223$22,105,676$70,365,046
71$89,926,926$31,400,243$22,787,764$77,003,054
72$99,039,179$32,878,562$23,490,862$84,299,840
73$109,078,983$34,427,420$24,215,613$92,321,954
74$120,140,888$36,050,212$24,962,685$101,142,711
75$132,329,087$37,750,500$25,732,763$110,842,880
76$145,758,397$39,532,018$26,526,554$121,511,442
77$160,555,347$41,398,681$27,344,787$133,246,429
78$176,859,368$43,354,592$28,188,213$146,155,842
79$194,824,112$45,404,055$29,057,606$160,358,671
80$214,618,899$47,551,582$29,953,764$175,986,013
81$236,430,321$49,801,903$30,877,510$193,182,305
82$260,463,998$52,159,980$31,829,690$212,106,686
83$286,946,519$54,631,013$32,811,178$232,934,492
84$316,127,586$57,220,455$33,822,875$255,858,908
85$348,282,367$59,934,024$34,865,708$281,092,789
86$383,714,092$62,777,715$35,940,633$308,870,662
87$422,756,922$65,757,816$37,048,637$339,450,940
88$465,779,097$68,880,917$38,190,734$373,118,348
89$513,186,413$72,153,931$39,367,973$410,186,615
90$565,426,058$75,584,104$40,581,431$451,001,423
91$622,990,828$79,179,037$41,832,221$495,943,671
92$686,423,781$82,946,698$43,121,488$545,433,059
93$756,323,363$86,895,443$44,450,415$599,932,049
94$833,349,060$91,034,033$45,820,217$659,950,220
95$918,227,620$95,371,657$47,232,151$726,049,077
96$1,011,759,918$99,917,949$48,687,509$798,847,342
97$1,114,828,512$104,683,011$50,187,623$879,026,786
98$1,228,405,979$109,677,437$51,733,867$967,338,663
99$1,353,564,094$114,912,337$53,327,656$1,064,610,791
100$1,491,483,948$120,399,358$54,970,449$1,171,755,360