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

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$948,663
2 years$502,833$493,468$484,392$475,592$467,057$434,967
3 years$331,892$322,487$313,434$304,717$296,320$265,304
4 years$246,438$237,062$228,100$219,531$211,338$181,633
5 years$195,180$185,859$177,015$168,621$160,656$132,341
6 years$161,018$151,768$143,054$134,848$127,121$100,220
7 years$136,627$127,455$118,879$110,866$103,384$77,893
8 years$118,342$109,252$100,818$93,002$85,767$61,667
9 years$104,127$95,124$86,835$79,217$72,228$49,492
10 years$92,762$83,847$75,705$68,286$61,542$40,134
11 years$83,470$74,644$66,649$59,429$52,928$32,808
12 years$75,732$66,996$59,149$52,128$45,866$26,989
13 years$69,189$60,545$52,846$46,021$39,996$22,315
14 years$63,586$55,034$47,482$40,852$35,061$18,526
15 years$58,735$50,274$42,870$36,433$30,870$15,432
16 years$54,494$46,126$38,868$32,622$27,283$12,889
17 years$50,755$42,480$35,369$29,310$24,191$10,790
18 years$47,436$39,254$32,287$26,415$21,510$9,049
19 years$44,470$36,380$29,557$23,868$19,172$7,601
20 years$41,804$33,806$27,126$21,617$17,125$6,392
21 years$39,395$31,489$24,951$19,619$15,325$5,382
22 years$37,207$29,394$22,996$17,838$13,736$4,535
23 years$35,213$27,491$21,233$16,245$12,331$3,825
24 years$33,388$25,758$19,637$14,817$11,083$3,228
25 years$31,711$24,172$18,187$13,531$9,973$2,725
26 years$30,166$22,718$16,868$12,372$8,983$2,302
27 years$28,738$21,380$15,663$11,325$8,099$1,945
28 years$27,414$20,147$14,561$10,376$7,308$1,644
29 years$26,184$19,006$13,550$9,515$6,599$1,390
30 years$25,037$17,949$12,622$8,732$5,963$1,176
31 years$23,967$16,968$11,767$8,020$5,391$994
32 years$22,966$16,055$10,979$7,371$4,876$841
33 years$22,027$15,204$10,251$6,778$4,413$712
34 years$21,146$14,410$9,578$6,236$3,996$602
35 years$20,317$13,668$8,955$5,741$3,619$510
36 years$19,535$12,973$8,377$5,287$3,279$431
37 years$18,798$12,321$7,841$4,871$2,972$365
38 years$18,101$11,710$7,342$4,490$2,694$309
39 years$17,441$11,135$6,879$4,140$2,443$262
40 years$16,816$10,594$6,448$3,819$2,216$221
41 years$16,223$10,084$6,046$3,523$2,010$188
42 years$15,660$9,604$5,671$3,251$1,824$159
43 years$15,124$9,151$5,322$3,001$1,656$134
44 years$14,614$8,722$4,995$2,771$1,503$114
45 years$14,128$8,318$4,690$2,559$1,364$96
46 years$13,665$7,935$4,405$2,364$1,239$82
47 years$13,223$7,572$4,139$2,184$1,125$69
48 years$12,800$7,229$3,889$2,018$1,022$58
49 years$12,396$6,903$3,656$1,865$928$50
50 years$12,009$6,594$3,437$1,724$843$42

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 $3,405 every year, while hoping to spend $37,055 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: 65/24/11 Blend
50$12,300,000$12,300,000$12,300,000$12,300,000
51$13,558,112$12,906,212$12,715,562$14,406,225
52$14,901,613$13,499,190$13,102,107$15,565,318
53$16,380,910$14,119,983$13,500,360$16,826,605
54$18,009,813$14,769,913$13,910,673$18,203,767
55$19,803,544$15,450,368$14,333,410$19,708,094
56$21,778,872$16,162,802$14,768,945$21,352,009
57$23,954,277$16,908,740$15,217,665$23,149,177
58$26,350,123$17,689,778$15,679,967$25,114,631
59$28,988,850$18,507,592$16,156,260$27,264,913
60$31,895,184$19,363,935$16,646,966$29,618,225
61$35,096,372$20,260,647$17,152,519$32,194,597
62$38,622,440$21,199,656$17,673,366$35,016,071
63$42,506,473$22,182,984$18,209,968$38,106,908
64$46,784,931$23,212,747$18,762,800$41,493,812
65$51,497,989$24,291,167$19,332,349$45,206,176
66$56,689,921$25,420,572$19,919,119$49,276,354
67$62,409,513$26,603,399$20,523,629$53,739,967
68$68,710,525$27,842,208$21,146,413$58,636,227
69$75,652,201$29,139,678$21,788,020$64,008,308
70$83,299,823$30,498,620$22,449,017$69,903,745
71$91,725,333$31,921,981$23,129,987$76,374,876
72$101,008,006$33,412,846$23,831,530$83,479,333
73$111,235,202$34,974,455$24,554,266$91,280,577
74$122,503,190$36,610,201$25,298,831$99,848,493
75$134,918,056$38,323,642$26,065,883$109,260,041
76$148,596,704$40,118,506$26,856,096$119,599,974
77$163,667,959$41,998,704$27,670,166$130,961,634
78$180,273,786$43,968,336$28,508,812$143,447,824
79$198,570,626$46,031,698$29,372,771$157,171,769
80$218,730,874$48,193,295$30,262,803$172,258,176
81$240,944,507$50,457,851$31,179,691$188,844,405
82$265,420,879$52,830,318$32,124,242$207,081,753
83$292,390,691$55,315,886$33,097,287$227,136,874
84$322,108,176$57,919,999$34,099,681$249,193,342
85$354,853,494$60,648,363$35,132,304$273,453,374
86$390,935,378$63,506,960$36,196,064$300,139,725
87$430,694,050$66,502,065$37,291,895$329,497,780
88$474,504,429$69,640,252$38,420,760$361,797,859
89$522,779,673$72,928,417$39,583,648$397,337,759
90$575,975,080$76,373,789$40,781,580$436,445,542
91$634,592,383$79,983,949$42,015,608$479,482,631
92$699,184,488$83,766,845$43,286,812$526,847,194
93$770,360,693$87,730,807$44,596,308$578,977,898
94$848,792,442$91,884,575$45,945,243$636,358,028
95$935,219,660$96,237,309$47,334,798$699,520,034
96$1,030,457,742$100,798,614$48,766,190$769,050,539
97$1,135,405,248$105,578,561$50,240,673$845,595,861
98$1,251,052,384$110,587,712$51,759,537$929,868,091
99$1,378,490,356$115,837,139$53,324,110$1,022,651,797
100$1,518,921,666$121,338,452$54,935,762$1,124,811,412