Can I retire at age 51 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,005,491
2 years$519,185$509,516$500,145$491,059$482,246$474,960
3 years$342,685$332,974$323,627$314,626$305,956$298,836
4 years$254,453$244,771$235,517$226,670$218,211$211,310
5 years$201,527$191,904$182,771$174,105$165,880$159,220
6 years$166,255$156,704$147,706$139,233$131,255$124,844
7 years$141,070$131,600$122,745$114,471$106,746$100,587
8 years$122,190$112,805$104,097$96,027$88,556$82,649
9 years$107,513$98,217$89,659$81,794$74,577$68,920
10 years$95,779$86,574$78,167$70,507$63,543$58,134
11 years$86,184$77,071$68,817$61,362$54,649$49,483
12 years$78,195$69,175$61,073$53,823$47,358$42,431
13 years$71,439$62,514$54,565$47,517$41,297$36,603
14 years$65,654$56,824$49,027$42,181$36,201$31,735
15 years$60,645$51,909$44,264$37,618$31,874$27,630
16 years$56,266$47,626$40,132$33,683$28,170$24,142
17 years$52,406$43,862$36,519$30,264$24,978$21,159
18 years$48,979$40,530$33,337$27,274$22,209$18,592
19 years$45,916$37,563$30,518$24,644$19,795$16,374
20 years$43,163$34,905$28,008$22,320$17,682$14,448
21 years$40,676$32,513$25,762$20,257$15,823$12,770
22 years$38,417$30,350$23,744$18,418$14,183$11,304
23 years$36,358$28,385$21,923$16,774$12,732$10,019
24 years$34,474$26,595$20,275$15,299$11,443$8,891
25 years$32,743$24,958$18,779$13,972$10,297$7,897
26 years$31,147$23,457$17,417$12,775$9,276$7,020
27 years$29,672$22,076$16,173$11,693$8,363$6,246
28 years$28,306$20,802$15,035$10,713$7,546$5,561
29 years$27,035$19,624$13,991$9,824$6,814$4,954
30 years$25,852$18,533$13,032$9,016$6,157$4,415
31 years$24,747$17,520$12,150$8,281$5,566$3,937
32 years$23,713$16,577$11,336$7,610$5,035$3,513
33 years$22,744$15,699$10,584$6,998$4,557$3,135
34 years$21,834$14,879$9,889$6,439$4,126$2,799
35 years$20,977$14,112$9,246$5,927$3,737$2,499
36 years$20,171$13,395$8,649$5,459$3,386$2,233
37 years$19,409$12,722$8,095$5,030$3,068$1,995
38 years$18,689$12,090$7,581$4,636$2,782$1,783
39 years$18,008$11,497$7,103$4,275$2,523$1,593
40 years$17,363$10,938$6,657$3,943$2,288$1,425
41 years$16,751$10,412$6,242$3,638$2,076$1,274
42 years$16,169$9,916$5,856$3,357$1,884$1,139
43 years$15,616$9,448$5,495$3,099$1,710$1,019
44 years$15,089$9,006$5,158$2,861$1,552$911
45 years$14,588$8,588$4,843$2,643$1,409$815
46 years$14,109$8,193$4,549$2,441$1,279$729
47 years$13,653$7,818$4,273$2,255$1,161$652
48 years$13,216$7,464$4,016$2,084$1,055$584
49 years$12,799$7,127$3,775$1,926$958$522
50 years$12,400$6,808$3,549$1,780$870$467

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $12,700,000, adding $4,013 every year, while hoping to spend $45,432 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: 55/21/24 Blend
50$12,700,000$12,700,000$12,700,000$12,700,000
51$13,999,539$13,326,439$13,129,589$14,677,157
52$15,379,153$13,931,096$13,521,091$15,747,555
53$16,897,965$14,563,857$13,924,186$16,907,595
54$18,570,125$15,226,054$14,339,214$18,170,027
55$20,411,224$15,919,078$14,766,524$19,544,694
56$22,438,445$16,644,388$15,206,479$21,042,422
57$24,670,719$17,403,516$15,659,448$22,675,114
58$27,128,907$18,198,062$16,125,814$24,455,862
59$29,835,995$19,029,707$16,605,969$26,399,066
60$32,817,315$19,900,211$17,100,317$28,520,566
61$36,100,778$20,811,418$17,609,274$30,837,789
62$39,717,141$21,765,261$18,133,269$33,369,911
63$43,700,296$22,763,767$18,672,741$36,138,027
64$48,087,592$23,809,057$19,228,143$39,165,355
65$52,920,183$24,903,357$19,799,942$42,477,446
66$58,243,419$26,048,999$20,388,618$46,102,417
67$64,107,275$27,248,427$20,994,663$50,071,221
68$70,566,819$28,504,202$21,618,587$54,417,924
69$77,682,736$29,819,009$22,260,911$59,180,028
70$85,521,897$31,195,662$22,922,173$64,398,817
71$94,157,990$32,637,110$23,602,926$70,119,742
72$103,672,221$34,146,444$24,303,739$76,392,843
73$114,154,072$35,726,903$25,025,199$83,273,214
74$125,702,150$37,381,885$25,767,906$90,821,519
75$138,425,121$39,114,949$26,532,482$99,104,557
76$152,442,727$40,929,825$27,319,564$108,195,886
77$167,886,923$42,830,424$28,129,808$118,176,508
78$184,903,121$44,820,847$28,963,888$129,135,627
79$203,651,561$46,905,390$29,822,500$141,171,485
80$224,308,824$49,088,558$30,706,357$154,392,275
81$247,069,499$51,375,072$31,616,195$168,917,163
82$272,148,020$53,769,883$32,552,770$184,877,394
83$299,780,689$56,278,178$33,516,859$202,417,527
84$330,227,907$58,905,397$34,509,262$221,696,788
85$363,776,635$61,657,242$35,530,803$242,890,565
86$400,743,095$64,539,690$36,582,328$266,192,046
87$441,475,763$67,559,007$37,664,708$291,814,041
88$486,358,654$70,721,763$38,778,840$319,990,969
89$535,814,950$74,034,842$39,925,644$350,981,068
90$590,310,991$77,505,466$41,106,070$385,068,812
91$650,360,681$81,141,202$42,321,091$422,567,587
92$716,530,334$84,949,985$43,571,712$463,822,635
93$789,444,028$88,940,134$44,858,963$509,214,296
94$869,789,487$93,120,369$46,183,907$559,161,587
95$958,324,582$97,499,834$47,547,635$614,126,136
96$1,055,884,479$102,088,115$48,951,270$674,616,529
97$1,163,389,524$106,895,261$50,395,967$741,193,090
98$1,281,853,936$111,931,810$51,882,912$814,473,151
99$1,412,395,377$117,208,808$53,413,329$895,136,865
100$1,556,245,504$122,737,838$54,988,474$983,933,602