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%19%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$976,008
2 years$519,185$509,516$500,145$491,059$482,246$445,666
3 years$342,685$332,974$323,627$314,626$305,956$270,655
4 years$254,453$244,771$235,517$226,670$218,211$184,457
5 years$201,527$191,904$182,771$174,105$165,880$133,762
6 years$166,255$156,704$147,706$139,233$131,255$100,796
7 years$141,070$131,600$122,745$114,471$106,746$77,939
8 years$122,190$112,805$104,097$96,027$88,556$61,376
9 years$107,513$98,217$89,659$81,794$74,577$48,988
10 years$95,779$86,574$78,167$70,507$63,543$39,500
11 years$86,184$77,071$68,817$61,362$54,649$32,102
12 years$78,195$69,175$61,073$53,823$47,358$26,251
13 years$71,439$62,514$54,565$47,517$41,297$21,572
14 years$65,654$56,824$49,027$42,181$36,201$17,797
15 years$60,645$51,909$44,264$37,618$31,874$14,730
16 years$56,266$47,626$40,132$33,683$28,170$12,223
17 years$52,406$43,862$36,519$30,264$24,978$10,164
18 years$48,979$40,530$33,337$27,274$22,209$8,467
19 years$45,916$37,563$30,518$24,644$19,795$7,064
20 years$43,163$34,905$28,008$22,320$17,682$5,900
21 years$40,676$32,513$25,762$20,257$15,823$4,933
22 years$38,417$30,350$23,744$18,418$14,183$4,128
23 years$36,358$28,385$21,923$16,774$12,732$3,457
24 years$34,474$26,595$20,275$15,299$11,443$2,896
25 years$32,743$24,958$18,779$13,972$10,297$2,428
26 years$31,147$23,457$17,417$12,775$9,276$2,036
27 years$29,672$22,076$16,173$11,693$8,363$1,708
28 years$28,306$20,802$15,035$10,713$7,546$1,433
29 years$27,035$19,624$13,991$9,824$6,814$1,203
30 years$25,852$18,533$13,032$9,016$6,157$1,010
31 years$24,747$17,520$12,150$8,281$5,566$848
32 years$23,713$16,577$11,336$7,610$5,035$712
33 years$22,744$15,699$10,584$6,998$4,557$598
34 years$21,834$14,879$9,889$6,439$4,126$502
35 years$20,977$14,112$9,246$5,927$3,737$422
36 years$20,171$13,395$8,649$5,459$3,386$354
37 years$19,409$12,722$8,095$5,030$3,068$298
38 years$18,689$12,090$7,581$4,636$2,782$250
39 years$18,008$11,497$7,103$4,275$2,523$210
40 years$17,363$10,938$6,657$3,943$2,288$176
41 years$16,751$10,412$6,242$3,638$2,076$148
42 years$16,169$9,916$5,856$3,357$1,884$125
43 years$15,616$9,448$5,495$3,099$1,710$105
44 years$15,089$9,006$5,158$2,861$1,552$88
45 years$14,588$8,588$4,843$2,643$1,409$74
46 years$14,109$8,193$4,549$2,441$1,279$62
47 years$13,653$7,818$4,273$2,255$1,161$52
48 years$13,216$7,464$4,016$2,084$1,055$44
49 years$12,799$7,127$3,775$1,926$958$37
50 years$12,400$6,808$3,549$1,780$870$31

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 $6,201 every year, while hoping to spend $45,621 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: 72/17/11 Blend
50$12,700,000$12,700,000$12,700,000$12,700,000
51$14,001,796$13,328,696$13,131,846$14,978,839
52$15,381,439$13,933,262$13,523,223$16,230,503
53$16,900,277$14,565,922$13,926,181$17,594,373
54$18,572,458$15,228,006$14,341,062$19,086,519
55$20,413,575$15,920,905$14,768,214$20,719,599
56$22,440,809$16,646,078$15,207,998$22,507,547
57$24,673,088$17,405,053$15,660,783$24,465,698
58$27,131,275$18,199,432$16,126,951$26,610,933
59$29,838,356$19,030,895$16,606,894$28,961,833
60$32,819,658$19,901,199$17,101,015$31,538,856
61$36,103,094$20,812,189$17,609,730$34,364,523
62$39,719,420$21,765,796$18,133,466$37,463,630
63$43,702,525$22,764,044$18,672,661$40,863,479
64$48,089,756$23,809,056$19,227,769$44,594,132
65$52,922,267$24,903,055$19,799,255$48,688,691
66$58,245,405$26,048,372$20,387,597$53,183,608
67$64,109,143$27,247,449$20,993,288$58,119,023
68$70,568,548$28,502,846$21,616,836$63,539,144
69$77,684,300$29,817,246$22,258,760$69,492,655
70$85,523,269$31,193,461$22,919,599$76,033,176
71$94,159,140$32,634,438$23,599,903$83,219,760
72$103,673,114$34,143,267$24,300,241$91,117,450
73$114,154,670$35,723,186$25,021,198$99,797,888
74$125,702,412$37,377,588$25,763,374$109,339,983
75$138,424,999$39,110,030$26,527,387$119,830,654
76$152,442,169$40,924,242$27,313,875$131,365,644
77$167,885,871$42,824,131$28,123,491$144,050,419
78$184,901,512$44,813,795$28,956,910$158,001,157
79$203,649,323$46,897,528$29,814,823$173,345,836
80$224,305,878$49,079,831$30,697,944$190,225,443
81$247,065,759$51,365,424$31,607,006$208,795,290
82$272,143,388$53,759,252$32,542,763$229,226,479
83$299,775,059$56,266,500$33,505,990$251,707,505
84$330,221,161$58,892,604$34,497,487$276,446,033
85$363,768,640$61,643,263$35,518,074$303,670,848
86$400,733,707$64,524,449$36,568,595$333,634,005
87$441,464,822$67,542,424$37,649,920$366,613,202
88$486,345,984$70,703,752$38,762,942$402,914,391
89$535,800,354$74,015,316$39,908,581$442,874,659
90$590,294,253$77,484,329$41,087,781$486,865,396
91$650,341,561$81,118,356$42,301,516$535,295,796
92$716,508,569$84,925,324$43,550,785$588,616,705
93$789,419,325$88,913,547$44,836,619$647,324,867
94$869,761,525$93,091,740$46,160,075$711,967,602
95$958,293,005$97,469,039$47,522,241$783,147,962
96$1,055,848,893$102,055,024$48,924,238$861,530,406
97$1,163,349,497$106,859,737$50,367,217$947,847,066
98$1,281,808,989$111,893,707$51,852,362$1,042,904,640
99$1,412,344,981$117,167,974$53,380,891$1,147,591,993
100$1,556,189,076$122,694,112$54,954,058$1,262,888,535