Can I retire at age 51 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$970,815
2 years$506,921$497,480$488,330$479,459$470,854$452,806
3 years$334,590$325,109$315,982$307,194$298,729$281,173
4 years$248,442$238,989$229,954$221,316$213,056$196,127
5 years$196,766$187,371$178,454$169,992$161,962$145,709
6 years$162,327$153,002$144,217$135,944$128,155$112,595
7 years$137,738$128,491$119,845$111,767$104,224$89,363
8 years$119,304$110,140$101,638$93,759$86,464$72,297
9 years$104,974$95,897$87,541$79,861$72,815$59,334
10 years$93,517$84,529$76,320$68,841$62,042$49,235
11 years$84,149$75,251$67,191$59,913$53,358$41,211
12 years$76,348$67,541$59,630$52,551$46,239$34,735
13 years$69,752$61,037$53,276$46,395$40,322$29,442
14 years$64,103$55,481$47,869$41,184$35,346$25,071
15 years$59,212$50,683$43,219$36,729$31,121$21,432
16 years$54,937$46,501$39,184$32,887$27,505$18,379
17 years$51,168$42,826$35,656$29,549$24,388$15,804
18 years$47,822$39,573$32,549$26,629$21,684$13,621
19 years$44,832$36,676$29,797$24,062$19,328$11,762
20 years$42,144$34,081$27,347$21,793$17,264$10,174
21 years$39,715$31,745$25,154$19,778$15,449$8,813
22 years$37,510$29,633$23,183$17,983$13,848$7,643
23 years$35,499$27,715$21,405$16,377$12,431$6,635
24 years$33,659$25,967$19,796$14,937$11,173$5,765
25 years$31,969$24,369$18,335$13,641$10,054$5,014
26 years$30,411$22,903$17,005$12,473$9,056$4,363
27 years$28,972$21,554$15,791$11,417$8,165$3,799
28 years$27,637$20,310$14,680$10,460$7,368$3,309
29 years$26,397$19,160$13,661$9,592$6,653$2,884
30 years$25,241$18,095$12,724$8,803$6,011$2,515
31 years$24,162$17,106$11,863$8,085$5,435$2,193
32 years$23,153$16,186$11,068$7,431$4,916$1,913
33 years$22,207$15,328$10,334$6,833$4,449$1,670
34 years$21,318$14,527$9,656$6,287$4,028$1,457
35 years$20,482$13,779$9,027$5,787$3,648$1,272
36 years$19,694$13,078$8,445$5,330$3,306$1,111
37 years$18,951$12,421$7,904$4,911$2,996$970
38 years$18,248$11,805$7,402$4,527$2,716$847
39 years$17,583$11,225$6,935$4,174$2,463$740
40 years$16,953$10,680$6,500$3,850$2,234$646
41 years$16,355$10,166$6,095$3,552$2,027$565
42 years$15,787$9,682$5,717$3,278$1,839$493
43 years$15,247$9,225$5,365$3,026$1,669$431
44 years$14,733$8,793$5,036$2,794$1,515$377
45 years$14,243$8,385$4,729$2,580$1,375$329
46 years$13,776$7,999$4,441$2,383$1,249$288
47 years$13,330$7,634$4,172$2,202$1,134$251
48 years$12,904$7,287$3,921$2,035$1,030$220
49 years$12,497$6,959$3,685$1,880$935$192
50 years$12,107$6,648$3,465$1,738$850$168

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $12,400,000, adding $4,946 every year, while hoping to spend $36,342 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: 47/34/19 Blend
50$12,400,000$12,400,000$12,400,000$12,400,000
51$13,669,902$13,012,702$12,820,502$14,238,435
52$15,025,564$13,611,657$13,211,321$15,234,059
53$16,518,286$14,238,742$13,614,015$16,310,017
54$18,162,009$14,895,298$14,028,942$17,477,101
55$19,972,096$15,582,730$14,456,474$18,743,841
56$21,965,475$16,302,509$14,896,991$20,119,605
57$24,160,800$17,056,178$15,350,886$21,614,682
58$26,578,625$17,845,355$15,818,565$23,240,375
59$29,241,602$18,671,734$16,300,444$25,009,102
60$32,174,689$19,537,093$16,796,952$26,934,508
61$35,405,390$20,443,292$17,308,532$29,031,590
62$38,964,012$21,392,286$17,835,640$31,316,830
63$42,883,952$22,386,119$18,378,745$33,808,349
64$47,202,013$23,426,937$18,938,331$36,526,069
65$51,958,749$24,516,988$19,514,896$39,491,893
66$57,198,850$25,658,628$20,108,953$42,729,909
67$62,971,560$26,854,329$20,721,031$46,266,609
68$69,331,147$28,106,679$21,351,673$50,131,131
69$76,337,412$29,418,394$22,001,442$54,355,526
70$84,056,252$30,792,319$22,670,914$58,975,053
71$92,560,284$32,231,438$23,360,685$64,028,506
72$101,929,533$33,738,878$24,071,367$69,558,567
73$112,252,180$35,317,917$24,803,593$75,612,203
74$123,625,401$36,971,994$25,558,012$82,241,099
75$136,156,280$38,704,710$26,335,294$89,502,135
76$149,962,824$40,519,844$27,136,129$97,457,915
77$165,175,071$42,421,355$27,961,228$106,177,341
78$181,936,322$44,413,395$28,811,323$115,736,262
79$200,404,493$46,500,318$29,687,169$126,218,167
80$220,753,603$48,686,685$30,589,541$137,714,969
81$243,175,420$50,977,282$31,519,240$150,327,855
82$267,881,268$53,377,124$32,477,090$164,168,231
83$295,104,024$55,891,470$33,463,939$179,358,754
84$325,100,316$58,525,834$34,480,662$196,034,480
85$358,152,943$61,285,995$35,528,160$214,344,122
86$394,573,549$64,178,014$36,607,359$234,451,435
87$434,705,560$67,208,246$37,719,214$256,536,749
88$478,927,430$70,383,353$38,864,711$280,798,649
89$527,656,211$73,710,320$40,044,861$307,455,834
90$581,351,490$77,196,471$41,260,710$336,749,160
91$640,519,729$80,849,485$42,513,331$368,943,894
92$705,719,046$84,677,415$43,803,832$404,332,197
93$777,564,482$88,688,701$45,133,353$443,235,857
94$856,733,808$92,892,197$46,503,070$486,009,310
95$943,973,925$97,297,182$47,914,191$533,042,951
96$1,040,107,911$101,913,390$49,367,962$584,766,802
97$1,146,042,797$106,751,025$50,865,668$641,654,543
98$1,262,778,123$111,820,786$52,408,628$704,227,951
99$1,391,415,379$117,133,892$53,998,205$773,061,801
100$1,533,168,403$122,702,108$55,635,800$848,789,260