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

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$999,207$990,306$981,623$973,147$964,871$943,847
2 years$494,657$485,444$476,516$467,859$459,462$438,387
3 years$326,495$317,243$308,337$299,762$291,502$271,033
4 years$242,431$233,207$224,391$215,962$207,902$188,197
5 years$192,006$182,837$174,136$165,879$158,043$139,158
6 years$158,400$149,300$140,728$132,655$125,054$107,009
7 years$134,405$125,382$116,946$109,063$101,703$84,500
8 years$116,417$107,476$99,179$91,490$84,372$68,007
9 years$102,434$93,577$85,423$77,929$71,054$55,513
10 years$91,254$82,484$74,474$67,176$60,541$45,810
11 years$82,113$73,430$65,565$58,463$52,067$38,126
12 years$74,500$65,907$58,188$51,280$45,121$31,948
13 years$68,064$59,561$51,987$45,273$39,346$26,918
14 years$62,552$54,139$46,710$40,188$34,490$22,783
15 years$57,780$49,457$42,173$35,841$30,368$19,354
16 years$53,608$45,376$38,236$32,091$26,839$16,493
17 years$49,930$41,789$34,793$28,834$23,798$14,091
18 years$46,665$38,615$31,762$25,985$21,160$12,065
19 years$43,747$35,788$29,077$23,480$18,860$10,349
20 years$41,124$33,256$26,685$21,265$16,846$8,891
21 years$38,754$30,977$24,545$19,300$15,076$7,649
22 years$36,602$28,916$22,622$17,548$13,513$6,588
23 years$34,641$27,044$20,887$15,981$12,130$5,679
24 years$32,845$25,339$19,317$14,576$10,903$4,900
25 years$31,196$23,779$17,892$13,311$9,811$4,231
26 years$29,676$22,349$16,594$12,171$8,837$3,655
27 years$28,271$21,033$15,409$11,141$7,968$3,159
28 years$26,968$19,819$14,324$10,207$7,189$2,732
29 years$25,758$18,697$13,330$9,360$6,492$2,364
30 years$24,630$17,657$12,416$8,590$5,866$2,046
31 years$23,578$16,692$11,576$7,890$5,303$1,771
32 years$22,593$15,794$10,800$7,251$4,797$1,533
33 years$21,669$14,957$10,084$6,668$4,341$1,328
34 years$20,802$14,176$9,422$6,135$3,931$1,150
35 years$19,986$13,446$8,809$5,647$3,560$997
36 years$19,218$12,762$8,241$5,201$3,226$864
37 years$18,492$12,121$7,713$4,792$2,924$748
38 years$17,806$11,519$7,223$4,417$2,650$649
39 years$17,158$10,954$6,767$4,073$2,403$562
40 years$16,543$10,421$6,343$3,757$2,180$487
41 years$15,959$9,920$5,948$3,466$1,978$423
42 years$15,405$9,448$5,579$3,199$1,795$366
43 years$14,878$9,002$5,235$2,953$1,629$318
44 years$14,377$8,581$4,914$2,726$1,478$275
45 years$13,899$8,182$4,614$2,518$1,342$239
46 years$13,443$7,806$4,334$2,326$1,219$207
47 years$13,008$7,449$4,071$2,149$1,107$180
48 years$12,592$7,111$3,826$1,985$1,005$156
49 years$12,194$6,791$3,596$1,835$913$135
50 years$11,814$6,487$3,381$1,696$829$117

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 $5,971 every year, while hoping to spend $36,270 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: 56/24/20 Blend
50$12,100,000$12,100,000$12,100,000$12,100,000
51$13,340,359$12,699,059$12,511,509$14,015,381
52$14,662,485$13,282,722$12,892,054$15,060,275
53$16,118,252$13,893,769$13,284,131$16,193,629
54$17,721,253$14,533,503$13,688,089$17,427,525
55$19,486,467$15,203,291$14,104,286$18,771,626
56$21,430,398$15,904,564$14,533,091$20,236,552
57$23,571,234$16,638,823$14,974,886$21,833,985
58$25,929,016$17,407,642$15,430,060$23,576,769
59$28,525,828$18,212,668$15,899,019$25,479,032
60$31,386,004$19,055,630$16,382,178$27,556,311
61$34,536,360$19,938,340$16,879,965$29,825,700
62$38,006,446$20,862,695$17,392,820$32,306,003
63$41,828,822$21,830,686$17,921,199$35,017,911
64$46,039,371$22,844,399$18,465,568$37,984,188
65$50,677,633$23,906,020$19,026,410$41,229,884
66$55,787,177$25,017,842$19,604,221$44,782,570
67$61,416,019$26,182,265$20,199,512$48,672,584
68$67,617,067$27,401,810$20,812,810$52,933,323
69$74,448,625$28,679,116$21,444,656$57,601,542
70$81,974,943$30,016,951$22,095,610$62,717,704
71$90,266,820$31,418,215$22,766,246$68,326,351
72$99,402,278$32,885,949$23,457,157$74,476,518
73$109,467,292$34,423,342$24,168,954$81,222,193
74$120,556,605$36,033,736$24,902,264$88,622,814
75$132,774,624$37,720,634$25,657,734$96,743,829
76$146,236,400$39,487,709$26,436,033$105,657,301
77$161,068,718$41,338,812$27,237,845$115,442,582
78$177,411,293$43,277,980$28,063,878$126,187,058
79$195,418,088$45,309,444$28,914,861$137,986,956
80$215,258,767$47,437,641$29,791,544$150,948,254
81$237,120,299$49,667,223$30,694,698$165,187,663
82$261,208,719$52,003,067$31,625,120$180,833,725
83$287,751,076$54,450,284$32,583,629$198,028,012
84$316,997,573$57,014,236$33,571,068$216,926,455
85$349,223,934$59,700,542$34,588,307$237,700,803
86$384,734,001$62,515,094$35,636,241$260,540,230
87$423,862,605$65,464,069$36,715,791$285,653,115
88$466,978,728$68,553,946$37,827,907$313,268,990
89$514,488,982$71,791,513$38,973,566$343,640,697
90$566,841,453$75,183,892$40,153,775$377,046,757
91$624,529,925$78,738,546$41,369,571$413,793,991
92$688,098,547$82,463,305$42,622,021$454,220,393
93$758,146,965$86,366,373$43,912,225$498,698,312
94$835,335,986$90,456,356$45,241,315$547,637,946
95$920,393,816$94,742,276$46,610,458$601,491,197
96$1,014,122,931$99,233,594$48,020,854$660,755,920
97$1,117,407,658$103,940,228$49,473,741$725,980,604
98$1,231,222,518$108,872,579$50,970,391$797,769,528
99$1,356,641,432$114,041,552$52,512,116$876,788,446
100$1,494,847,853$119,458,583$54,100,267$963,770,850