Can I retire at age 51 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$999,207$990,306$981,623$973,147$964,871$931,378
2 years$494,657$485,444$476,516$467,859$459,462$426,065
3 years$326,495$317,243$308,337$299,762$291,502$259,249
4 years$242,431$233,207$224,391$215,962$207,902$177,040
5 years$192,006$182,837$174,136$165,879$158,043$128,655
6 years$158,400$149,300$140,728$132,655$125,054$97,162
7 years$134,405$125,382$116,946$109,063$101,703$75,300
8 years$116,417$107,476$99,179$91,490$84,372$59,439
9 years$102,434$93,577$85,423$77,929$71,054$47,558
10 years$91,254$82,484$74,474$67,176$60,541$38,445
11 years$82,113$73,430$65,565$58,463$52,067$31,325
12 years$74,500$65,907$58,188$51,280$45,121$25,684
13 years$68,064$59,561$51,987$45,273$39,346$21,164
14 years$62,552$54,139$46,710$40,188$34,490$17,509
15 years$57,780$49,457$42,173$35,841$30,368$14,533
16 years$53,608$45,376$38,236$32,091$26,839$12,095
17 years$49,930$41,789$34,793$28,834$23,798$10,087
18 years$46,665$38,615$31,762$25,985$21,160$8,428
19 years$43,747$35,788$29,077$23,480$18,860$7,053
20 years$41,124$33,256$26,685$21,265$16,846$5,909
21 years$38,754$30,977$24,545$19,300$15,076$4,956
22 years$36,602$28,916$22,622$17,548$13,513$4,160
23 years$34,641$27,044$20,887$15,981$12,130$3,494
24 years$32,845$25,339$19,317$14,576$10,903$2,937
25 years$31,196$23,779$17,892$13,311$9,811$2,470
26 years$29,676$22,349$16,594$12,171$8,837$2,078
27 years$28,271$21,033$15,409$11,141$7,968$1,749
28 years$26,968$19,819$14,324$10,207$7,189$1,472
29 years$25,758$18,697$13,330$9,360$6,492$1,240
30 years$24,630$17,657$12,416$8,590$5,866$1,044
31 years$23,578$16,692$11,576$7,890$5,303$879
32 years$22,593$15,794$10,800$7,251$4,797$741
33 years$21,669$14,957$10,084$6,668$4,341$624
34 years$20,802$14,176$9,422$6,135$3,931$526
35 years$19,986$13,446$8,809$5,647$3,560$443
36 years$19,218$12,762$8,241$5,201$3,226$374
37 years$18,492$12,121$7,713$4,792$2,924$315
38 years$17,806$11,519$7,223$4,417$2,650$266
39 years$17,158$10,954$6,767$4,073$2,403$224
40 years$16,543$10,421$6,343$3,757$2,180$189
41 years$15,959$9,920$5,948$3,466$1,978$159
42 years$15,405$9,448$5,579$3,199$1,795$134
43 years$14,878$9,002$5,235$2,953$1,629$113
44 years$14,377$8,581$4,914$2,726$1,478$95
45 years$13,899$8,182$4,614$2,518$1,342$80
46 years$13,443$7,806$4,334$2,326$1,219$68
47 years$13,008$7,449$4,071$2,149$1,107$57
48 years$12,592$7,111$3,826$1,985$1,005$48
49 years$12,194$6,791$3,596$1,835$913$41
50 years$11,814$6,487$3,381$1,696$829$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $12,100,000, adding $4,586 every year, while hoping to spend $20,116 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: 44/50/6 Blend
50$12,100,000$12,100,000$12,100,000$12,100,000
51$13,338,930$12,697,630$12,510,080$13,903,100
52$14,678,098$13,298,411$12,907,765$14,894,071
53$16,153,187$13,927,956$13,318,098$15,965,001
54$17,778,039$14,587,653$13,741,481$17,125,174
55$19,567,908$15,278,957$14,178,330$18,382,776
56$21,539,605$16,003,396$14,629,074$19,746,784
57$23,711,651$16,762,569$15,094,155$21,227,046
58$26,104,459$17,558,154$15,574,028$22,834,368
59$28,740,521$18,391,911$16,069,165$24,580,608
60$31,644,623$19,265,684$16,580,052$26,478,784
61$34,844,080$20,181,408$17,107,189$28,543,183
62$38,368,991$21,141,111$17,651,094$30,789,497
63$42,252,523$22,146,920$18,212,300$33,234,957
64$46,531,226$23,201,066$18,791,359$35,898,489
65$51,245,380$24,305,886$19,388,838$38,800,886
66$56,439,368$25,463,834$20,005,323$41,964,991
67$62,162,102$26,677,481$20,641,420$45,415,906
68$68,467,481$27,949,522$21,297,752$49,181,220
69$75,414,902$29,282,786$21,974,965$53,291,255
70$83,069,817$30,680,238$22,673,721$57,779,346
71$91,504,355$32,144,987$23,394,708$62,682,138
72$100,798,001$33,680,293$24,138,632$68,039,926
73$111,038,346$35,289,575$24,906,224$73,897,021
74$122,321,912$36,976,419$25,698,238$80,302,151
75$134,755,068$38,744,585$26,515,450$87,308,913
76$148,455,030$40,598,015$27,358,663$94,976,261
77$163,550,969$42,540,843$28,228,704$103,369,046
78$180,185,230$44,577,406$29,126,427$112,558,616
79$198,514,675$46,712,251$30,052,714$122,623,470
80$218,712,166$48,950,146$31,008,475$133,649,983
81$240,968,195$51,296,091$31,994,646$145,733,202
82$265,492,681$53,755,330$33,012,197$158,977,722
83$292,516,955$56,333,362$34,062,127$173,498,658
84$322,295,942$59,035,954$35,145,465$189,422,707
85$355,110,567$61,869,154$36,263,277$206,889,321
86$391,270,407$64,839,305$37,416,659$226,052,003
87$431,116,616$67,953,058$38,606,745$247,079,732
88$475,025,141$71,217,389$39,834,701$270,158,528
89$523,410,277$74,639,613$41,101,736$295,493,185
90$576,728,574$78,227,402$42,409,092$323,309,176
91$635,483,145$81,988,801$43,758,053$353,854,752
92$700,228,423$85,932,249$45,149,945$387,403,254
93$771,575,388$90,066,596$46,586,134$424,255,659
94$850,197,339$94,401,120$48,068,031$464,743,393
95$936,836,248$98,945,556$49,597,091$509,231,418
96$1,032,309,768$103,710,111$51,174,816$558,121,645
97$1,137,518,948$108,705,490$52,802,756$611,856,686
98$1,253,456,743$113,942,921$54,482,510$670,923,991
99$1,381,217,384$119,434,178$56,215,728$735,860,413
100$1,522,006,715$125,191,610$58,004,112$807,257,221