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

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 $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%16.7%
1 years$990,949$982,122$973,510$965,105$956,897$930,745
2 years$490,569$481,432$472,578$463,993$455,665$429,509
3 years$323,797$314,621$305,789$297,285$289,093$263,750
4 years$240,428$231,280$222,536$214,177$206,183$181,850
5 years$190,419$181,326$172,697$164,508$156,737$133,479
6 years$157,091$148,067$139,565$131,559$124,021$101,861
7 years$133,294$124,346$115,979$108,162$100,862$79,801
8 years$115,455$106,588$98,360$90,734$83,675$63,701
9 years$101,588$92,804$84,717$77,285$70,466$51,561
10 years$90,500$81,802$73,858$66,621$60,041$42,180
11 years$81,434$72,823$65,024$57,980$51,637$34,793
12 years$73,885$65,362$57,707$50,856$44,748$28,889
13 years$67,502$59,068$51,557$44,898$39,021$24,113
14 years$62,035$53,692$46,324$39,856$34,205$20,214
15 years$57,302$49,048$41,825$35,544$30,117$17,005
16 years$53,165$45,001$37,920$31,826$26,618$14,347
17 years$49,518$41,444$34,506$28,595$23,601$12,134
18 years$46,279$38,296$31,499$25,770$20,985$10,282
19 years$43,385$35,493$28,836$23,286$18,704$8,728
20 years$40,784$32,981$26,464$21,090$16,707$7,420
21 years$38,434$30,721$24,342$19,140$14,951$6,315
22 years$36,300$28,677$22,435$17,403$13,401$5,380
23 years$34,354$26,821$20,715$15,849$12,030$4,587
24 years$32,574$25,129$19,158$14,455$10,813$3,914
25 years$30,938$23,583$17,744$13,201$9,730$3,342
26 years$29,430$22,164$16,457$12,071$8,764$2,855
27 years$28,037$20,859$15,281$11,049$7,902$2,440
28 years$26,745$19,655$14,206$10,123$7,130$2,086
29 years$25,545$18,542$13,220$9,283$6,438$1,784
30 years$24,427$17,511$12,314$8,519$5,817$1,526
31 years$23,383$16,554$11,480$7,824$5,259$1,306
32 years$22,406$15,663$10,711$7,191$4,757$1,118
33 years$21,490$14,834$10,001$6,613$4,305$957
34 years$20,630$14,059$9,344$6,084$3,898$819
35 years$19,821$13,335$8,736$5,601$3,531$701
36 years$19,059$12,656$8,172$5,158$3,199$601
37 years$18,339$12,021$7,649$4,753$2,899$514
38 years$17,659$11,424$7,163$4,381$2,629$441
39 years$17,016$10,863$6,711$4,039$2,384$377
40 years$16,406$10,335$6,290$3,725$2,162$323
41 years$15,827$9,838$5,898$3,437$1,961$277
42 years$15,278$9,370$5,533$3,172$1,780$237
43 years$14,755$8,927$5,192$2,928$1,615$203
44 years$14,258$8,510$4,873$2,704$1,466$174
45 years$13,784$8,115$4,576$2,497$1,331$149
46 years$13,332$7,741$4,298$2,307$1,209$128
47 years$12,900$7,387$4,038$2,131$1,097$110
48 years$12,488$7,052$3,794$1,969$997$94
49 years$12,094$6,735$3,567$1,820$905$80
50 years$11,716$6,433$3,353$1,682$822$69

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 $5,834 every year, while hoping to spend $28,479 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: 50/43/7 Blend
50$12,000,000$12,000,000$12,000,000$12,000,000
51$13,230,018$12,594,018$12,408,018$13,867,734
52$14,549,178$13,180,823$12,793,385$14,889,863
53$16,001,938$13,795,428$13,190,707$15,996,379
54$17,601,896$14,439,163$13,600,356$17,198,035
55$19,364,033$15,113,426$14,022,711$18,503,743
56$21,304,861$15,819,680$14,458,169$19,923,290
57$23,442,572$16,559,460$14,907,133$21,467,423
58$25,797,216$17,334,375$15,370,023$23,147,943
59$28,390,883$18,146,111$15,847,271$24,977,815
60$31,247,919$18,996,436$16,339,320$26,971,284
61$34,395,149$19,887,204$16,846,629$29,143,998
62$37,862,135$20,820,357$17,369,672$31,513,158
63$41,681,451$21,797,933$17,908,935$34,097,667
64$45,888,996$22,822,069$18,464,920$36,918,303
65$50,524,325$23,895,001$19,038,146$39,997,910
66$55,631,029$25,019,079$19,629,147$43,361,604
67$61,257,143$26,196,764$20,238,473$47,037,003
68$67,455,601$27,430,635$20,866,692$51,054,477
69$74,284,734$28,723,398$21,514,388$55,447,430
70$81,808,822$30,077,889$22,182,165$60,252,604
71$90,098,699$31,497,082$22,870,644$65,510,413
72$99,232,422$32,984,095$23,580,466$71,265,322
73$109,296,010$34,542,197$24,312,293$77,566,248
74$120,384,253$36,174,815$25,066,805$84,467,017
75$132,601,609$37,885,543$25,844,705$92,026,855
76$146,063,187$39,678,149$26,646,717$100,310,942
77$160,895,837$41,556,583$27,473,587$109,391,007
78$177,239,345$43,524,988$28,326,084$119,345,996
79$195,247,753$45,587,706$29,205,002$130,262,804
80$215,090,813$47,749,293$30,111,159$142,237,077
81$236,955,590$50,014,523$31,045,398$155,374,103
82$261,048,229$52,388,403$32,008,587$169,789,790
83$287,595,896$54,876,183$33,001,623$185,611,739
84$316,848,930$57,483,368$34,025,429$202,980,436
85$349,083,197$60,215,730$35,080,957$222,050,557
86$384,602,704$63,079,321$36,169,190$242,992,412
87$423,742,460$66,080,488$37,291,138$265,993,525
88$466,871,645$69,225,887$38,447,846$291,260,393
89$514,397,092$72,522,494$39,640,388$319,020,407
90$566,767,128$75,977,629$40,869,873$349,523,975
91$624,475,806$79,598,963$42,137,444$383,046,865
92$688,067,569$83,394,543$43,444,280$419,892,780
93$758,142,392$87,372,807$44,791,594$460,396,200
94$835,361,442$91,542,601$46,180,639$504,925,509
95$920,453,325$95,913,204$47,612,706$553,886,448
96$1,014,220,957$100,494,344$49,089,125$607,725,910
97$1,117,549,152$105,296,224$50,611,268$666,936,127
98$1,231,412,969$110,329,542$52,180,548$732,059,285
99$1,356,886,919$115,605,518$53,798,425$803,692,607
100$1,495,155,113$121,135,916$55,466,400$882,493,953