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%13.5%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$966,561
2 years$502,833$493,468$484,392$475,592$467,057$452,722
3 years$331,892$322,487$313,434$304,717$296,320$282,354
4 years$246,438$237,062$228,100$219,531$211,338$197,848
5 years$195,180$185,859$177,015$168,621$160,656$147,682
6 years$161,018$151,768$143,054$134,848$127,121$114,678
7 years$136,627$127,455$118,879$110,866$103,384$91,476
8 years$118,342$109,252$100,818$93,002$85,767$74,392
9 years$104,127$95,124$86,835$79,217$72,228$61,382
10 years$92,762$83,847$75,705$68,286$61,542$51,215
11 years$83,470$74,644$66,649$59,429$52,928$43,111
12 years$75,732$66,996$59,149$52,128$45,866$36,547
13 years$69,189$60,545$52,846$46,021$39,996$31,162
14 years$63,586$55,034$47,482$40,852$35,061$26,697
15 years$58,735$50,274$42,870$36,433$30,870$22,963
16 years$54,494$46,126$38,868$32,622$27,283$19,817
17 years$50,755$42,480$35,369$29,310$24,191$17,150
18 years$47,436$39,254$32,287$26,415$21,510$14,877
19 years$44,470$36,380$29,557$23,868$19,172$12,933
20 years$41,804$33,806$27,126$21,617$17,125$11,262
21 years$39,395$31,489$24,951$19,619$15,325$9,821
22 years$37,207$29,394$22,996$17,838$13,736$8,576
23 years$35,213$27,491$21,233$16,245$12,331$7,498
24 years$33,388$25,758$19,637$14,817$11,083$6,561
25 years$31,711$24,172$18,187$13,531$9,973$5,746
26 years$30,166$22,718$16,868$12,372$8,983$5,036
27 years$28,738$21,380$15,663$11,325$8,099$4,417
28 years$27,414$20,147$14,561$10,376$7,308$3,876
29 years$26,184$19,006$13,550$9,515$6,599$3,403
30 years$25,037$17,949$12,622$8,732$5,963$2,989
31 years$23,967$16,968$11,767$8,020$5,391$2,626
32 years$22,966$16,055$10,979$7,371$4,876$2,308
33 years$22,027$15,204$10,251$6,778$4,413$2,030
34 years$21,146$14,410$9,578$6,236$3,996$1,785
35 years$20,317$13,668$8,955$5,741$3,619$1,570
36 years$19,535$12,973$8,377$5,287$3,279$1,381
37 years$18,798$12,321$7,841$4,871$2,972$1,215
38 years$18,101$11,710$7,342$4,490$2,694$1,070
39 years$17,441$11,135$6,879$4,140$2,443$942
40 years$16,816$10,594$6,448$3,819$2,216$829
41 years$16,223$10,084$6,046$3,523$2,010$730
42 years$15,660$9,604$5,671$3,251$1,824$642
43 years$15,124$9,151$5,322$3,001$1,656$566
44 years$14,614$8,722$4,995$2,771$1,503$498
45 years$14,128$8,318$4,690$2,559$1,364$439
46 years$13,665$7,935$4,405$2,364$1,239$386
47 years$13,223$7,572$4,139$2,184$1,125$340
48 years$12,800$7,229$3,889$2,018$1,022$300
49 years$12,396$6,903$3,656$1,865$928$264
50 years$12,009$6,594$3,437$1,724$843$233

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 $6,576 every year, while hoping to spend $42,347 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: 72/15/13 Blend
50$12,300,000$12,300,000$12,300,000$12,300,000
51$13,561,383$12,909,483$12,718,833$14,499,712
52$14,899,587$13,496,991$13,099,857$15,709,548
53$16,372,869$14,111,867$13,492,226$17,028,097
54$17,994,962$14,755,409$13,896,276$18,470,802
55$19,780,997$15,428,973$14,312,351$20,049,930
56$21,747,651$16,133,985$14,740,806$21,778,983
57$23,913,297$16,871,936$15,182,009$23,672,824
58$26,298,181$17,644,388$15,636,334$25,747,814
59$28,924,614$18,452,982$16,104,169$28,021,964
60$31,817,179$19,299,433$16,585,914$30,515,106
61$35,002,968$20,185,541$17,081,978$33,249,070
62$38,511,830$21,113,192$17,592,784$36,247,897
63$42,376,661$22,084,363$18,118,767$39,538,055
64$46,633,708$23,101,125$18,660,373$43,148,692
65$51,322,915$24,165,649$19,218,064$47,111,903
66$56,488,297$25,280,210$19,792,314$51,463,034
67$62,178,357$26,447,194$20,383,611$56,241,011
68$68,446,544$27,669,100$20,992,455$61,488,701
69$75,351,753$28,948,549$21,619,365$67,253,319
70$82,958,890$30,288,285$22,264,871$73,586,865
71$91,339,474$31,691,189$22,929,522$80,546,613
72$100,572,320$33,160,276$23,613,880$88,195,647
73$110,744,276$34,698,709$24,318,525$96,603,454
74$121,951,050$36,309,804$25,044,053$105,846,572
75$134,298,107$37,997,034$25,791,079$116,009,313
76$147,901,667$39,764,042$26,560,233$127,184,546
77$162,889,802$41,614,645$27,352,166$139,474,580
78$179,403,646$43,552,846$28,167,547$152,992,113
79$197,598,723$45,582,841$29,007,065$167,861,298
80$217,646,418$47,709,026$29,871,428$184,218,907
81$239,735,596$49,936,012$30,761,364$202,215,617
82$264,074,382$52,268,631$31,677,625$222,017,422
83$290,892,125$54,711,950$32,620,981$243,807,199
84$320,441,566$57,271,280$33,592,228$267,786,426
85$353,001,221$59,952,187$34,592,183$294,177,074
86$388,878,010$62,760,510$35,621,686$323,223,699
87$428,410,159$65,702,366$36,681,604$355,195,740
88$471,970,384$68,784,171$37,772,826$390,390,056
89$519,969,417$72,012,649$38,896,270$429,133,719
90$572,859,880$75,394,852$40,052,878$471,787,095
91$631,140,559$78,938,170$41,243,620$518,747,232
92$695,361,109$82,650,354$42,469,495$570,451,605
93$766,127,248$86,539,527$43,731,529$627,382,230
94$844,106,472$90,614,208$45,030,779$690,070,208
95$930,034,355$94,883,327$46,368,333$759,100,725
96$1,024,721,496$99,356,248$47,745,309$835,118,567
97$1,129,061,170$104,042,785$49,162,859$918,834,193
98$1,244,037,761$108,953,233$50,622,166$1,011,030,431
99$1,370,736,053$114,098,382$52,124,449$1,112,569,855
100$1,510,351,473$119,489,546$53,670,961$1,224,402,915