Can I retire at age 51 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$968,965
2 years$502,833$493,468$484,392$475,592$467,057$455,127
3 years$331,892$322,487$313,434$304,717$296,320$284,685
4 years$246,438$237,062$228,100$219,531$211,338$200,087
5 years$195,180$185,859$177,015$168,621$160,656$149,822
6 years$161,018$151,768$143,054$134,848$127,121$116,719
7 years$136,627$127,455$118,879$110,866$103,384$93,415
8 years$118,342$109,252$100,818$93,002$85,767$76,232
9 years$104,127$95,124$86,835$79,217$72,228$63,123
10 years$92,762$83,847$75,705$68,286$61,542$52,861
11 years$83,470$74,644$66,649$59,429$52,928$44,663
12 years$75,732$66,996$59,149$52,128$45,866$38,008
13 years$69,189$60,545$52,846$46,021$39,996$32,535
14 years$63,586$55,034$47,482$40,852$35,061$27,985
15 years$58,735$50,274$42,870$36,433$30,870$24,169
16 years$54,494$46,126$38,868$32,622$27,283$20,945
17 years$50,755$42,480$35,369$29,310$24,191$18,203
18 years$47,436$39,254$32,287$26,415$21,510$15,859
19 years$44,470$36,380$29,557$23,868$19,172$13,846
20 years$41,804$33,806$27,126$21,617$17,125$12,111
21 years$39,395$31,489$24,951$19,619$15,325$10,610
22 years$37,207$29,394$22,996$17,838$13,736$9,307
23 years$35,213$27,491$21,233$16,245$12,331$8,174
24 years$33,388$25,758$19,637$14,817$11,083$7,187
25 years$31,711$24,172$18,187$13,531$9,973$6,324
26 years$30,166$22,718$16,868$12,372$8,983$5,569
27 years$28,738$21,380$15,663$11,325$8,099$4,908
28 years$27,414$20,147$14,561$10,376$7,308$4,328
29 years$26,184$19,006$13,550$9,515$6,599$3,818
30 years$25,037$17,949$12,622$8,732$5,963$3,370
31 years$23,967$16,968$11,767$8,020$5,391$2,976
32 years$22,966$16,055$10,979$7,371$4,876$2,629
33 years$22,027$15,204$10,251$6,778$4,413$2,323
34 years$21,146$14,410$9,578$6,236$3,996$2,053
35 years$20,317$13,668$8,955$5,741$3,619$1,815
36 years$19,535$12,973$8,377$5,287$3,279$1,605
37 years$18,798$12,321$7,841$4,871$2,972$1,419
38 years$18,101$11,710$7,342$4,490$2,694$1,256
39 years$17,441$11,135$6,879$4,140$2,443$1,111
40 years$16,816$10,594$6,448$3,819$2,216$983
41 years$16,223$10,084$6,046$3,523$2,010$870
42 years$15,660$9,604$5,671$3,251$1,824$770
43 years$15,124$9,151$5,322$3,001$1,656$681
44 years$14,614$8,722$4,995$2,771$1,503$603
45 years$14,128$8,318$4,690$2,559$1,364$534
46 years$13,665$7,935$4,405$2,364$1,239$473
47 years$13,223$7,572$4,139$2,184$1,125$419
48 years$12,800$7,229$3,889$2,018$1,022$371
49 years$12,396$6,903$3,656$1,865$928$328
50 years$12,009$6,594$3,437$1,724$843$291

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $12,300,000, adding $6,762 every year, while hoping to spend $58,442 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: 55/34/11 Blend
50$12,300,000$12,300,000$12,300,000$12,300,000
51$13,561,575$12,909,675$12,719,025$14,269,464
52$14,882,674$13,480,067$13,082,931$15,320,276
53$16,336,566$14,076,450$13,457,068$16,456,869
54$17,936,735$14,700,035$13,841,719$17,693,023
55$19,698,037$15,352,092$14,237,171$19,038,227
56$21,636,842$16,033,949$14,643,722$20,502,911
57$23,771,187$16,747,001$15,061,674$22,098,539
58$26,120,949$17,492,704$15,491,341$23,837,714
59$28,708,027$18,272,588$15,933,042$25,734,290
60$31,556,553$19,088,252$16,387,106$27,803,503
61$34,693,119$19,941,374$16,853,872$30,062,106
62$38,147,024$20,833,709$17,333,684$32,528,524
63$41,950,558$21,767,097$17,826,899$35,223,023
64$46,139,296$22,743,467$18,333,882$38,167,897
65$50,752,445$23,764,837$18,855,007$41,387,669
66$55,833,202$24,833,322$19,390,659$44,909,322
67$61,429,174$25,951,140$19,941,230$48,762,544
68$67,592,815$27,120,612$20,507,127$52,980,003
69$74,381,931$28,344,170$21,088,765$57,597,650
70$81,860,218$29,624,364$21,686,568$62,655,049
71$90,097,867$30,963,865$22,300,975$68,195,745
72$99,172,226$32,365,470$22,932,434$74,267,667
73$109,168,526$33,832,112$23,581,404$80,923,574
74$120,180,693$35,366,863$24,248,358$88,221,542
75$132,312,225$36,972,941$24,933,780$96,225,506
76$145,677,177$38,653,719$25,638,166$105,005,853
77$160,401,230$40,412,733$26,362,026$114,640,079
78$176,622,883$42,253,684$27,105,882$125,213,508
79$194,494,758$44,180,456$27,870,270$136,820,088
80$214,185,040$46,197,114$28,655,739$149,563,271
81$235,879,062$48,307,921$29,462,855$163,556,972
82$259,781,059$50,517,342$30,292,193$178,926,636
83$286,116,094$52,830,058$31,144,348$195,810,411
84$315,132,179$55,250,975$32,019,928$214,360,436
85$347,102,620$57,785,232$32,919,555$234,744,267
86$382,328,596$60,438,217$33,843,868$257,146,441
87$421,141,999$63,215,575$34,793,524$281,770,209
88$463,908,569$66,123,225$35,769,193$308,839,432
89$511,031,348$69,167,367$36,771,566$338,600,684
90$562,954,479$72,354,502$37,801,347$371,325,559
91$620,167,404$75,691,441$38,859,260$407,313,221
92$683,209,482$79,185,324$39,946,048$446,893,207
93$752,675,079$82,843,635$41,062,471$490,428,517
94$829,219,182$86,674,218$42,209,308$538,319,025
95$913,563,578$90,685,294$43,387,359$591,005,231
96$1,006,503,669$94,885,479$44,597,442$648,972,395
97$1,108,915,982$99,283,807$45,840,395$712,755,097
98$1,221,766,443$103,889,744$47,117,079$782,942,259
99$1,346,119,493$108,713,215$48,428,374$860,182,680
100$1,483,148,140$113,764,621$49,775,184$945,191,133