Can I retire at age 51 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,015,810
2 years$527,361$517,540$508,021$498,792$489,840$476,906
3 years$348,082$338,218$328,723$319,581$310,775$298,163
4 years$258,460$248,626$239,226$230,240$221,647$209,454
5 years$204,701$194,926$185,649$176,846$168,493$156,754
6 years$168,873$159,172$150,032$141,425$133,322$122,053
7 years$143,292$133,672$124,678$116,274$108,427$97,630
8 years$124,114$114,582$105,736$97,539$89,951$79,626
9 years$109,207$99,764$91,071$83,082$75,751$65,894
10 years$97,287$87,937$79,398$71,617$64,544$55,148
11 years$87,542$78,285$69,900$62,328$55,510$46,566
12 years$79,426$70,265$62,035$54,670$48,104$39,602
13 years$72,564$63,499$55,424$48,266$41,947$33,878
14 years$66,688$57,718$49,799$42,845$36,771$29,121
15 years$61,600$52,727$44,962$38,210$32,376$25,133
16 years$57,152$48,376$40,764$34,213$28,614$21,765
17 years$53,231$44,552$37,094$30,740$25,371$18,903
18 years$49,750$41,168$33,862$27,703$22,559$16,457
19 years$46,639$38,154$30,999$25,032$20,107$14,358
20 years$43,843$35,455$28,449$22,671$17,960$12,549
21 years$41,316$33,025$26,168$20,576$16,072$10,985
22 years$39,022$30,828$24,118$18,708$14,407$9,629
23 years$36,931$28,832$22,268$17,038$12,932$8,451
24 years$35,017$27,014$20,595$15,539$11,624$7,424
25 years$33,258$25,351$19,075$14,192$10,460$6,528
26 years$31,638$23,826$17,691$12,976$9,422$5,744
27 years$30,140$22,423$16,427$11,877$8,494$5,058
28 years$28,751$21,129$15,271$10,882$7,665$4,456
29 years$27,461$19,933$14,211$9,979$6,921$3,928
30 years$26,259$18,825$13,237$9,158$6,254$3,465
31 years$25,136$17,796$12,341$8,411$5,654$3,057
32 years$24,086$16,838$11,514$7,730$5,114$2,698
33 years$23,102$15,946$10,751$7,108$4,628$2,382
34 years$22,178$15,113$10,045$6,540$4,190$2,104
35 years$21,308$14,335$9,391$6,021$3,795$1,858
36 years$20,488$13,606$8,785$5,545$3,439$1,642
37 years$19,715$12,922$8,223$5,109$3,117$1,451
38 years$18,984$12,281$7,700$4,709$2,826$1,282
39 years$18,292$11,678$7,214$4,342$2,562$1,133
40 years$17,636$11,111$6,762$4,005$2,324$1,002
41 years$17,014$10,576$6,341$3,695$2,109$886
42 years$16,424$10,072$5,948$3,410$1,913$783
43 years$15,862$9,597$5,581$3,148$1,736$693
44 years$15,327$9,148$5,239$2,907$1,576$613
45 years$14,817$8,723$4,919$2,684$1,431$542
46 years$14,332$8,322$4,620$2,479$1,299$479
47 years$13,868$7,941$4,341$2,291$1,180$424
48 years$13,424$7,581$4,079$2,117$1,071$375
49 years$13,001$7,240$3,834$1,956$973$332
50 years$12,595$6,916$3,605$1,808$884$294

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $12,900,000, adding $5,614 every year, while hoping to spend $42,257 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: 77/8/15 Blend
50$12,900,000$12,900,000$12,900,000$12,900,000
51$14,221,591$13,537,891$13,337,941$15,270,896
52$15,627,232$14,156,286$13,739,801$16,582,273
53$17,174,832$14,803,567$14,153,707$18,014,083
54$18,878,827$15,481,104$14,580,018$19,583,066
55$20,755,122$16,190,332$15,019,103$21,302,897
56$22,821,245$16,932,759$15,471,343$23,188,634
57$25,096,509$17,709,961$15,937,130$25,256,859
58$27,602,196$18,523,593$16,416,868$27,525,830
59$30,361,757$19,375,386$16,910,970$30,015,658
60$33,401,034$20,267,158$17,419,865$32,748,489
61$36,748,502$21,200,811$17,943,993$35,748,714
62$40,435,540$22,178,341$18,483,807$39,043,195
63$44,496,724$23,201,839$19,039,774$42,661,522
64$48,970,157$24,273,496$19,612,373$46,636,284
65$53,897,825$25,395,609$20,202,100$51,003,377
66$59,325,995$26,570,586$20,809,462$55,802,343
67$65,305,653$27,800,951$21,434,986$61,076,737
68$71,892,981$29,089,349$22,079,209$66,874,538
69$79,149,890$30,438,552$22,742,687$73,248,600
70$87,144,603$31,851,466$23,425,992$80,257,145
71$95,952,303$33,331,138$24,129,713$87,964,316
72$105,655,835$34,880,761$24,854,455$96,440,772
73$116,346,494$36,503,681$25,600,843$105,764,358
74$128,124,883$38,203,409$26,369,518$116,020,835
75$141,101,866$39,983,621$27,161,142$127,304,686
76$155,399,611$41,848,173$27,976,395$139,720,006
77$171,152,745$43,801,107$28,815,978$153,381,477
78$188,509,624$45,846,660$29,680,611$168,415,454
79$207,633,731$47,989,272$30,571,038$184,961,149
80$228,705,226$50,233,600$31,488,022$203,171,940
81$251,922,638$52,584,526$32,432,350$223,216,823
82$277,504,745$55,047,165$33,404,831$245,281,992
83$305,692,635$57,626,883$34,406,299$269,572,601
84$336,751,986$60,329,302$35,437,613$296,314,693
85$370,975,570$63,160,320$36,499,654$325,757,329
86$408,686,018$66,126,115$37,593,333$358,174,935
87$450,238,867$69,233,170$38,719,584$393,869,886
88$496,025,913$72,488,277$39,879,371$433,175,357
89$546,478,912$75,898,558$41,073,686$476,458,463
90$602,073,655$79,471,481$42,303,549$524,123,716
91$663,334,460$83,214,876$43,570,009$576,616,840
92$730,839,119$87,136,949$44,874,149$634,428,974
93$805,224,356$91,246,307$46,217,081$698,101,297
94$887,191,837$95,551,972$47,599,949$768,230,136
95$977,514,791$100,063,405$49,023,934$845,472,583
96$1,077,045,311$104,790,524$50,490,247$930,552,696
97$1,186,722,401$109,743,728$52,000,139$1,024,268,323
98$1,307,580,836$114,933,921$53,554,894$1,127,498,626
99$1,440,760,933$120,372,534$55,155,834$1,241,212,376
100$1,587,519,316$126,071,556$56,804,322$1,366,477,085