Can I retire at age 51 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,007,465$998,491$989,735$981,190$972,845$950,872
2 years$498,745$489,456$480,454$471,726$463,260$441,240
3 years$329,194$319,865$310,886$302,239$293,911$272,532
4 years$244,435$235,135$226,245$217,746$209,620$189,047
5 years$193,593$184,348$175,575$167,250$159,350$139,640
6 years$159,709$150,534$141,891$133,751$126,088$107,262
7 years$135,516$126,419$117,912$109,964$102,543$84,605
8 years$117,379$108,364$99,999$92,246$85,069$68,012
9 years$103,281$94,350$86,129$78,573$71,641$55,451
10 years$92,008$83,165$75,089$67,731$61,042$45,702
11 years$82,791$74,037$66,107$58,946$52,498$37,988
12 years$75,116$66,452$58,669$51,704$45,493$31,790
13 years$68,627$60,053$52,416$45,647$39,671$26,750
14 years$63,069$54,586$47,096$40,520$34,776$22,609
15 years$58,257$49,866$42,522$36,137$30,619$19,180
16 years$54,051$45,751$38,552$32,357$27,061$16,321
17 years$50,343$42,135$35,081$29,072$23,994$13,924
18 years$47,051$38,934$32,024$26,200$21,335$11,905
19 years$44,109$36,084$29,317$23,674$19,016$10,196
20 years$41,464$33,531$26,906$21,441$16,986$8,747
21 years$39,074$31,233$24,748$19,459$15,200$7,513
22 years$36,905$29,155$22,809$17,693$13,625$6,461
23 years$34,927$27,268$21,060$16,113$12,230$5,561
24 years$33,116$25,548$19,477$14,696$10,993$4,790
25 years$31,453$23,976$18,040$13,421$9,892$4,130
26 years$29,921$22,533$16,731$12,272$8,910$3,562
27 years$28,504$21,206$15,536$11,233$8,033$3,074
28 years$27,191$19,983$14,443$10,292$7,249$2,654
29 years$25,971$18,851$13,440$9,438$6,545$2,292
30 years$24,834$17,803$12,519$8,661$5,914$1,981
31 years$23,772$16,830$11,671$7,955$5,347$1,712
32 years$22,779$15,925$10,889$7,311$4,837$1,480
33 years$21,848$15,081$10,167$6,723$4,377$1,279
34 years$20,974$14,293$9,500$6,186$3,963$1,106
35 years$20,152$13,557$8,882$5,694$3,590$957
36 years$19,376$12,867$8,309$5,244$3,252$828
37 years$18,645$12,221$7,777$4,832$2,948$716
38 years$17,954$11,614$7,283$4,454$2,672$620
39 years$17,299$11,044$6,823$4,106$2,423$536
40 years$16,679$10,508$6,395$3,788$2,198$464
41 years$16,091$10,002$5,997$3,495$1,994$402
42 years$15,532$9,526$5,625$3,225$1,809$348
43 years$15,001$9,076$5,278$2,977$1,642$301
44 years$14,495$8,651$4,955$2,749$1,491$260
45 years$14,013$8,250$4,652$2,539$1,353$225
46 years$13,554$7,870$4,370$2,345$1,229$195
47 years$13,115$7,511$4,105$2,166$1,116$169
48 years$12,696$7,170$3,858$2,002$1,013$146
49 years$12,295$6,847$3,626$1,850$920$127
50 years$11,911$6,540$3,409$1,710$836$110

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $12,200,000, adding $3,870 every year, while hoping to spend $47,794 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: 70/18/12 Blend
50$12,200,000$12,200,000$12,200,000$12,200,000
51$13,448,392$12,801,792$12,612,692$14,355,214
52$14,769,275$13,378,227$12,984,365$15,533,701
53$16,223,287$13,981,306$13,366,887$16,816,774
54$17,823,956$14,612,283$13,760,571$18,219,635
55$19,586,188$15,272,474$14,165,739$19,754,071
56$21,526,411$15,963,257$14,582,722$21,433,054
57$23,662,722$16,686,074$15,011,861$23,270,862
58$26,015,067$17,442,438$15,453,505$25,283,207
59$28,605,421$18,233,935$15,908,015$27,487,388
60$31,458,001$19,062,226$16,375,761$29,902,444
61$34,599,492$19,929,049$16,857,123$32,549,335
62$38,059,297$20,836,229$17,352,494$35,451,136
63$41,869,818$21,785,677$17,862,275$38,633,254
64$46,066,758$22,779,394$18,386,880$42,123,659
65$50,689,463$23,819,480$18,926,736$45,953,151
66$55,781,286$24,908,132$19,482,279$50,155,643
67$61,390,002$26,047,656$20,053,961$54,768,480
68$67,568,257$27,240,465$20,642,243$59,832,785
69$74,374,063$28,489,092$21,247,602$65,393,847
70$81,871,346$29,796,187$21,870,526$71,501,542
71$90,130,554$31,164,530$22,511,518$78,210,796
72$99,229,312$32,597,034$23,171,096$85,582,109
73$109,253,166$34,096,753$23,849,792$93,682,109
74$120,296,381$35,666,885$24,548,151$102,584,186
75$132,462,834$37,310,784$25,266,737$112,369,175
76$145,866,996$39,031,966$26,006,126$123,126,114
77$160,635,011$40,834,114$26,766,912$134,953,079
78$176,905,885$42,721,088$27,549,707$147,958,105
79$194,832,801$44,696,937$28,355,137$162,260,199
80$214,584,561$46,765,902$29,183,849$177,990,457
81$236,347,183$48,932,428$30,036,505$195,293,296
82$260,325,656$51,201,177$30,913,788$214,327,807
83$286,745,871$53,577,032$31,816,398$235,269,254
84$315,856,758$56,065,115$32,745,056$258,310,717
85$347,932,634$58,670,793$33,700,502$283,664,910
86$383,275,792$61,399,691$34,683,498$311,566,180
87$422,219,354$64,257,707$35,694,826$342,272,706
88$465,130,417$67,251,023$36,735,291$376,068,936
89$512,413,515$70,386,119$37,805,720$413,268,254
90$564,514,443$73,669,789$38,906,961$454,215,933
91$621,924,460$77,109,153$40,039,888$499,292,385
92$685,184,930$80,711,676$41,205,399$548,916,739
93$754,892,429$84,485,184$42,404,416$603,550,786
94$831,704,381$88,437,882$43,637,888$663,703,330
95$916,345,258$92,578,368$44,906,787$729,934,975
96$1,009,613,426$96,915,660$46,212,117$802,863,406
97$1,112,388,677$101,459,209$47,554,904$883,169,209
98$1,225,640,537$106,218,925$48,936,208$971,602,277
99$1,350,437,415$111,205,195$50,357,114$1,068,988,879
100$1,487,956,693$116,428,912$51,818,739$1,176,239,442