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

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 $12,900,000?

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 $4,091 every year, while hoping to spend $55,491 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: 32/49/19 Blend
50$12,900,000$12,900,000$12,900,000$12,900,000
51$14,220,020$13,536,320$13,336,370$14,590,882
52$15,611,420$14,140,558$13,724,096$15,472,252
53$17,142,883$14,772,543$14,122,952$16,415,592
54$18,828,637$15,433,577$14,533,250$17,430,524
55$20,684,359$16,125,024$14,955,315$18,523,339
56$22,727,323$16,848,310$15,389,478$19,700,930
57$24,976,564$17,604,931$15,836,080$20,970,843
58$27,453,056$18,396,455$16,295,471$22,341,349
59$30,179,910$19,224,524$16,768,012$23,821,514
60$33,182,593$20,090,857$17,254,071$25,421,275
61$36,489,165$20,997,257$17,754,031$27,151,528
62$40,130,549$21,945,612$18,268,280$29,024,225
63$44,140,819$22,937,900$18,797,221$31,052,478
64$48,557,519$23,976,195$19,341,265$33,250,673
65$53,422,025$25,062,667$19,900,836$35,634,600
66$58,779,928$26,199,593$20,476,370$38,221,592
67$64,681,465$27,389,358$21,068,313$41,030,679
68$71,181,997$28,634,459$21,677,124$44,082,757
69$78,342,529$29,937,516$22,303,276$47,400,778
70$86,230,284$31,301,272$22,947,253$51,009,953
71$94,919,340$32,728,601$23,609,553$54,937,981
72$104,491,327$34,222,517$24,290,688$59,215,296
73$115,036,199$35,786,176$24,991,182$63,875,347
74$126,653,080$37,422,888$25,711,575$68,954,895
75$139,451,203$39,136,118$26,452,422$74,494,351
76$153,550,940$40,929,502$27,214,292$80,538,143
77$169,084,934$42,806,847$27,997,770$87,135,119
78$186,199,358$44,772,143$28,803,456$94,338,994
79$205,055,288$46,829,573$29,631,967$102,208,842
80$225,830,225$48,983,520$30,483,936$110,809,634
81$248,719,775$51,238,579$31,360,014$120,212,838
82$273,939,486$53,599,563$32,260,869$130,497,071
83$301,726,892$56,071,521$33,187,186$141,748,826
84$332,343,750$58,659,740$34,139,671$154,063,267
85$366,078,509$61,369,764$35,119,047$167,545,103
86$403,249,038$64,207,404$36,126,057$182,309,561
87$444,205,623$67,178,749$37,161,463$198,483,447
88$489,334,273$70,290,184$38,226,048$216,206,316
89$539,060,365$73,548,399$39,320,616$235,631,773
90$593,852,658$76,960,407$40,445,993$256,928,888
91$654,227,723$80,533,560$41,603,027$280,283,769
92$720,754,809$84,275,563$42,792,588$305,901,289
93$794,061,228$88,194,495$44,015,568$334,006,990
94$874,838,269$92,298,820$45,272,885$364,849,181
95$963,847,726$96,597,416$46,565,480$398,701,249
96$1,061,929,090$101,099,586$47,894,320$435,864,204
97$1,170,007,474$105,815,082$49,260,396$476,669,485
98$1,289,102,344$110,754,128$50,664,726$521,482,054
99$1,420,337,144$115,927,442$52,108,356$570,703,795
100$1,564,949,905$121,346,258$53,592,358$624,777,275