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

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$985,436
2 years$519,185$509,516$500,145$491,059$482,246$454,957
3 years$342,685$332,974$323,627$314,626$305,956$279,512
4 years$254,453$244,771$235,517$226,670$218,211$192,815
5 years$201,527$191,904$182,771$174,105$165,880$141,602
6 years$166,255$156,704$147,706$139,233$131,255$108,118
7 years$141,070$131,600$122,745$114,471$106,746$84,751
8 years$122,190$112,805$104,097$96,027$88,556$67,692
9 years$107,513$98,217$89,659$81,794$74,577$54,825
10 years$95,779$86,574$78,167$70,507$63,543$44,879
11 years$86,184$77,071$68,817$61,362$54,649$37,043
12 years$78,195$69,175$61,073$53,823$47,358$30,777
13 years$71,439$62,514$54,565$47,517$41,297$25,707
14 years$65,654$56,824$49,027$42,181$36,201$21,564
15 years$60,645$51,909$44,264$37,618$31,874$18,154
16 years$56,266$47,626$40,132$33,683$28,170$15,327
17 years$52,406$43,862$36,519$30,264$24,978$12,972
18 years$48,979$40,530$33,337$27,274$22,209$11,001
19 years$45,916$37,563$30,518$24,644$19,795$9,345
20 years$43,163$34,905$28,008$22,320$17,682$7,950
21 years$40,676$32,513$25,762$20,257$15,823$6,771
22 years$38,417$30,350$23,744$18,418$14,183$5,773
23 years$36,358$28,385$21,923$16,774$12,732$4,927
24 years$34,474$26,595$20,275$15,299$11,443$4,207
25 years$32,743$24,958$18,779$13,972$10,297$3,595
26 years$31,147$23,457$17,417$12,775$9,276$3,074
27 years$29,672$22,076$16,173$11,693$8,363$2,629
28 years$28,306$20,802$15,035$10,713$7,546$2,250
29 years$27,035$19,624$13,991$9,824$6,814$1,926
30 years$25,852$18,533$13,032$9,016$6,157$1,649
31 years$24,747$17,520$12,150$8,281$5,566$1,412
32 years$23,713$16,577$11,336$7,610$5,035$1,209
33 years$22,744$15,699$10,584$6,998$4,557$1,036
34 years$21,834$14,879$9,889$6,439$4,126$888
35 years$20,977$14,112$9,246$5,927$3,737$761
36 years$20,171$13,395$8,649$5,459$3,386$652
37 years$19,409$12,722$8,095$5,030$3,068$559
38 years$18,689$12,090$7,581$4,636$2,782$479
39 years$18,008$11,497$7,103$4,275$2,523$411
40 years$17,363$10,938$6,657$3,943$2,288$352
41 years$16,751$10,412$6,242$3,638$2,076$302
42 years$16,169$9,916$5,856$3,357$1,884$259
43 years$15,616$9,448$5,495$3,099$1,710$222
44 years$15,089$9,006$5,158$2,861$1,552$190
45 years$14,588$8,588$4,843$2,643$1,409$163
46 years$14,109$8,193$4,549$2,441$1,279$140
47 years$13,653$7,818$4,273$2,255$1,161$120
48 years$13,216$7,464$4,016$2,084$1,055$103
49 years$12,799$7,127$3,775$1,926$958$88
50 years$12,400$6,808$3,549$1,780$870$76

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 $2,831 every year, while hoping to spend $29,245 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: 43/36/21 Blend
50$12,700,000$12,700,000$12,700,000$12,700,000
51$13,998,320$13,325,220$13,128,370$14,514,496
52$15,395,032$13,947,040$13,537,054$15,502,197
53$16,933,229$14,598,348$13,958,449$16,568,572
54$18,627,311$15,280,559$14,392,949$17,723,331
55$20,493,146$15,995,156$14,840,962$18,974,642
56$22,548,220$16,743,692$15,302,908$20,331,469
57$24,811,803$17,527,797$15,779,220$21,803,652
58$27,305,126$18,349,179$16,270,343$23,401,994
59$30,051,588$19,209,628$16,776,739$25,138,358
60$33,076,971$20,111,020$17,298,880$27,025,775
61$36,409,687$21,055,325$17,837,258$29,078,556
62$40,081,044$22,044,605$18,392,375$31,312,425
63$44,125,543$23,081,023$18,964,752$33,744,662
64$48,581,203$24,166,847$19,554,925$36,394,254
65$53,489,917$25,304,455$20,163,447$39,282,072
66$58,897,853$26,496,338$20,790,887$42,431,056
67$64,855,886$27,745,110$21,437,833$45,866,429
68$71,420,077$29,053,511$22,104,892$49,615,924
69$78,652,206$30,424,414$22,792,687$53,710,034
70$86,620,352$31,860,831$23,501,862$58,182,298
71$95,399,535$33,365,919$24,233,082$63,069,601
72$105,072,428$34,942,990$24,987,031$68,412,517
73$115,730,134$36,595,514$25,764,414$74,255,681
74$127,473,045$38,327,132$26,565,960$80,648,198
75$140,411,795$40,141,660$27,392,418$87,644,095
76$154,668,296$42,043,100$28,244,563$95,302,823
77$170,376,897$44,035,647$29,123,191$103,689,801
78$187,685,648$46,123,701$30,029,124$112,877,023
79$206,757,695$48,311,874$30,963,212$122,943,725
80$227,772,827$50,605,003$31,926,326$133,977,117
81$250,929,167$53,008,159$32,919,369$146,073,194
82$276,445,044$55,526,661$33,943,270$159,337,621
83$304,561,055$58,166,083$34,998,986$173,886,724
84$335,542,335$60,932,274$36,087,505$189,848,560
85$369,681,062$63,831,364$37,209,845$207,364,118
86$407,299,211$66,869,782$38,367,056$226,588,624
87$448,751,598$70,054,269$39,560,220$247,692,993
88$494,429,227$73,391,893$40,790,452$270,865,417
89$544,762,979$76,890,068$42,058,904$296,313,123
90$600,227,687$80,556,565$43,366,761$324,264,308
91$661,346,610$84,399,535$44,715,246$354,970,267
92$728,696,377$88,427,526$46,105,620$388,707,743
93$802,912,432$92,649,498$47,539,182$425,781,514
94$884,695,028$97,074,852$49,017,273$466,527,242
95$974,815,843$101,713,443$50,541,275$511,314,618
96$1,074,125,263$106,575,604$52,112,610$560,550,816
97$1,183,560,406$111,672,175$53,732,749$614,684,312
98$1,304,153,976$117,014,521$55,403,205$674,209,083
99$1,437,044,009$122,614,559$57,125,540$739,669,239
100$1,583,484,614$128,484,789$58,901,361$811,664,122