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%15.6%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$966,067
2 years$506,921$497,480$488,330$479,459$470,854$448,083
3 years$334,590$325,109$315,982$307,194$298,729$276,625
4 years$248,442$238,989$229,954$221,316$213,056$191,789
5 years$196,766$187,371$178,454$169,992$161,962$141,591
6 years$162,327$153,002$144,217$135,944$128,155$108,702
7 years$137,738$128,491$119,845$111,767$104,224$85,692
8 years$119,304$110,140$101,638$93,759$86,464$68,845
9 years$104,974$95,897$87,541$79,861$72,815$56,097
10 years$93,517$84,529$76,320$68,841$62,042$46,206
11 years$84,149$75,251$67,191$59,913$53,358$38,382
12 years$76,348$67,541$59,630$52,551$46,239$32,099
13 years$69,752$61,037$53,276$46,395$40,322$26,992
14 years$64,103$55,481$47,869$41,184$35,346$22,798
15 years$59,212$50,683$43,219$36,729$31,121$19,327
16 years$54,937$46,501$39,184$32,887$27,505$16,435
17 years$51,168$42,826$35,656$29,549$24,388$14,011
18 years$47,822$39,573$32,549$26,629$21,684$11,970
19 years$44,832$36,676$29,797$24,062$19,328$10,245
20 years$42,144$34,081$27,347$21,793$17,264$8,782
21 years$39,715$31,745$25,154$19,778$15,449$7,537
22 years$37,510$29,633$23,183$17,983$13,848$6,476
23 years$35,499$27,715$21,405$16,377$12,431$5,570
24 years$33,659$25,967$19,796$14,937$11,173$4,795
25 years$31,969$24,369$18,335$13,641$10,054$4,130
26 years$30,411$22,903$17,005$12,473$9,056$3,559
27 years$28,972$21,554$15,791$11,417$8,165$3,069
28 years$27,637$20,310$14,680$10,460$7,368$2,648
29 years$26,397$19,160$13,661$9,592$6,653$2,285
30 years$25,241$18,095$12,724$8,803$6,011$1,973
31 years$24,162$17,106$11,863$8,085$5,435$1,703
32 years$23,153$16,186$11,068$7,431$4,916$1,471
33 years$22,207$15,328$10,334$6,833$4,449$1,271
34 years$21,318$14,527$9,656$6,287$4,028$1,098
35 years$20,482$13,779$9,027$5,787$3,648$949
36 years$19,694$13,078$8,445$5,330$3,306$820
37 years$18,951$12,421$7,904$4,911$2,996$709
38 years$18,248$11,805$7,402$4,527$2,716$613
39 years$17,583$11,225$6,935$4,174$2,463$530
40 years$16,953$10,680$6,500$3,850$2,234$458
41 years$16,355$10,166$6,095$3,552$2,027$396
42 years$15,787$9,682$5,717$3,278$1,839$343
43 years$15,247$9,225$5,365$3,026$1,669$296
44 years$14,733$8,793$5,036$2,794$1,515$256
45 years$14,243$8,385$4,729$2,580$1,375$222
46 years$13,776$7,999$4,441$2,383$1,249$192
47 years$13,330$7,634$4,172$2,202$1,134$166
48 years$12,904$7,287$3,921$2,035$1,030$143
49 years$12,497$6,959$3,685$1,880$935$124
50 years$12,107$6,648$3,465$1,738$850$107

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 $2,856 every year, while hoping to spend $32,474 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: 56/26/18 Blend
50$12,400,000$12,400,000$12,400,000$12,400,000
51$13,667,746$13,010,546$12,818,346$14,367,509
52$15,027,304$13,613,511$13,213,208$15,447,274
53$16,524,448$14,244,932$13,620,210$16,619,203
54$18,173,179$14,906,171$14,039,724$17,895,141
55$19,988,922$15,598,652$14,472,134$19,285,069
56$21,988,677$16,323,870$14,917,835$20,799,958
57$24,191,174$17,083,392$15,377,234$22,451,870
58$26,617,055$17,878,859$15,850,753$24,254,071
59$29,289,064$18,711,994$16,338,823$26,221,146
60$32,232,267$19,584,599$16,841,892$28,369,138
61$35,474,281$20,498,568$17,360,418$30,715,693
62$39,045,542$21,455,882$17,894,876$33,280,221
63$42,979,587$22,458,620$18,445,755$36,084,079
64$47,313,374$23,508,961$19,013,557$39,150,760
65$52,087,629$24,609,191$19,598,801$42,506,117
66$57,347,228$25,761,702$20,202,022$46,178,598
67$63,141,626$26,969,006$20,823,771$50,199,509
68$69,525,320$28,233,736$21,464,615$54,603,304
69$76,558,363$29,558,649$22,125,140$59,427,905
70$84,306,932$30,946,639$22,805,948$64,715,053
71$92,843,953$32,400,738$23,507,661$70,510,695
72$102,249,788$33,924,127$24,230,920$76,865,409
73$112,612,995$35,520,137$24,976,384$83,834,880
74$124,031,161$37,192,265$25,744,734$91,480,409
75$136,611,827$38,944,173$26,536,670$99,869,492
76$150,473,500$40,779,704$27,352,915$109,076,445
77$165,746,772$42,702,884$28,194,212$119,183,095
78$182,575,554$44,717,937$29,061,330$130,279,549
79$201,118,435$46,829,291$29,955,059$142,465,027
80$221,550,175$49,041,585$30,876,213$155,848,797
81$244,063,359$51,359,689$31,825,632$170,551,190
82$268,870,212$53,788,704$32,804,182$186,704,727
83$296,204,605$56,333,982$33,812,752$204,455,360
84$326,324,258$59,001,131$34,852,264$223,963,836
85$359,513,181$61,796,034$35,923,663$245,407,200
86$396,084,344$64,724,859$37,027,924$268,980,460
87$436,382,642$67,794,072$38,166,055$294,898,406
88$480,788,144$71,010,454$39,339,090$323,397,630
89$529,719,683$74,381,114$40,548,097$354,738,739
90$583,638,810$77,913,508$41,794,178$389,208,804
91$643,054,151$81,615,452$43,078,465$427,124,052
92$708,526,208$85,495,144$44,402,128$468,832,833
93$780,672,652$89,561,177$45,766,371$514,718,892
94$860,174,152$93,822,564$47,172,433$565,204,973
95$947,780,801$98,288,755$48,621,595$620,756,789
96$1,044,319,198$102,969,659$50,115,174$681,887,398
97$1,150,700,251$107,875,667$51,654,527$749,162,027
98$1,267,927,778$113,017,676$53,241,054$823,203,385
99$1,397,107,979$118,407,109$54,876,198$904,697,514
100$1,539,459,885$124,055,950$56,561,442$994,400,248