Can I retire at age 51 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$850,564$842,988$835,596$828,381$821,336$807,730
2 years$421,071$413,229$405,629$398,260$391,113$377,444
3 years$277,926$270,050$262,469$255,169$248,138$234,832
4 years$206,367$198,515$191,010$183,835$176,974$164,135
5 years$163,443$155,638$148,232$141,203$134,533$122,196
6 years$134,836$127,090$119,793$112,921$106,451$94,632
7 years$114,411$106,730$99,549$92,839$86,573$75,274
8 years$99,099$91,488$84,425$77,880$71,821$61,040
9 years$87,196$79,656$72,715$66,337$60,484$50,215
10 years$77,679$70,213$63,395$57,183$51,535$41,771
11 years$69,898$62,507$55,812$49,766$44,322$35,051
12 years$63,418$56,103$49,532$43,652$38,408$29,619
13 years$57,939$50,700$44,253$38,538$33,493$25,172
14 years$53,247$46,085$39,762$34,210$29,360$21,493
15 years$49,184$42,100$35,900$30,509$25,851$18,423
16 years$45,633$38,626$32,548$27,317$22,847$15,844
17 years$42,503$35,573$29,618$24,544$20,258$13,663
18 years$39,723$32,871$27,037$22,120$18,012$11,810
19 years$37,239$30,464$24,751$19,987$16,055$10,228
20 years$35,006$28,309$22,715$18,102$14,340$8,874
21 years$32,989$26,369$20,894$16,429$12,833$7,710
22 years$31,157$24,614$19,257$14,937$11,503$6,707
23 years$29,487$23,021$17,780$13,604$10,326$5,841
24 years$27,959$21,569$16,444$12,407$9,281$5,091
25 years$26,555$20,242$15,230$11,331$8,351$4,441
26 years$25,261$19,024$14,125$10,361$7,523$3,877
27 years$24,065$17,904$13,116$9,483$6,782$3,387
28 years$22,956$16,871$12,193$8,689$6,120$2,960
29 years$21,926$15,916$11,347$7,968$5,526$2,588
30 years$20,966$15,031$10,569$7,312$4,993$2,264
31 years$20,070$14,209$9,854$6,716$4,514$1,981
32 years$19,232$13,444$9,194$6,172$4,083$1,734
33 years$18,446$12,732$8,584$5,676$3,696$1,518
34 years$17,708$12,067$8,020$5,222$3,346$1,330
35 years$17,013$11,446$7,499$4,807$3,030$1,165
36 years$16,359$10,863$7,015$4,427$2,746$1,020
37 years$15,741$10,318$6,566$4,079$2,489$894
38 years$15,158$9,806$6,148$3,760$2,256$783
39 years$14,605$9,324$5,760$3,467$2,046$687
40 years$14,082$8,871$5,399$3,198$1,856$602
41 years$13,585$8,445$5,063$2,950$1,684$528
42 years$13,113$8,042$4,749$2,723$1,528$463
43 years$12,665$7,663$4,456$2,513$1,386$406
44 years$12,238$7,304$4,183$2,321$1,258$356
45 years$11,831$6,965$3,928$2,143$1,142$312
46 years$11,443$6,644$3,689$1,980$1,037$273
47 years$11,073$6,341$3,466$1,829$942$240
48 years$10,719$6,053$3,257$1,690$855$210
49 years$10,380$5,780$3,061$1,562$777$184
50 years$10,056$5,522$2,878$1,444$706$162

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $10,300,000, adding $2,209 every year, while hoping to spend $26,317 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: 58/25/17 Blend
50$10,300,000$10,300,000$10,300,000$10,300,000
51$11,352,879$10,806,979$10,647,329$11,960,943
52$12,482,871$11,308,519$10,976,013$12,874,801
53$13,727,241$11,833,754$11,314,826$13,867,491
54$15,097,626$12,383,815$11,664,080$14,949,072
55$16,606,853$12,959,890$12,024,095$16,128,110
56$18,269,053$13,563,225$12,395,203$17,414,023
57$20,099,798$14,195,126$12,777,744$18,817,165
58$22,116,249$14,856,959$13,172,071$20,348,927
59$24,337,316$15,550,159$13,578,545$22,021,833
60$26,783,836$16,276,231$13,997,540$23,849,663
61$29,478,771$17,036,749$14,429,441$25,847,573
62$32,447,423$17,833,367$14,874,644$28,032,240
63$35,717,674$18,667,817$15,333,559$30,422,010
64$39,320,251$19,541,914$15,806,607$33,037,073
65$43,289,011$20,457,562$16,294,223$35,899,644
66$47,661,264$21,416,756$16,796,853$39,034,174
67$52,478,125$22,421,590$17,314,960$42,467,570
68$57,784,902$23,474,256$17,849,020$46,229,451
69$63,631,521$24,577,053$18,399,521$50,352,417
70$70,073,001$25,732,394$18,966,970$54,872,355
71$77,169,971$26,942,805$19,551,887$59,828,770
72$84,989,241$28,210,935$20,154,808$65,265,155
73$93,604,437$29,539,564$20,776,288$71,229,394
74$103,096,691$30,931,605$21,416,895$77,774,207
75$113,555,410$32,390,110$22,077,217$84,957,645
76$125,079,118$33,918,281$22,757,860$92,843,626
77$137,776,388$35,519,477$23,459,448$101,502,535
78$151,766,864$37,197,216$24,182,624$111,011,881
79$167,182,393$38,955,188$24,928,051$121,457,019
80$184,168,269$40,797,264$25,696,412$132,931,949
81$202,884,601$42,727,499$26,488,411$145,540,197
82$223,507,832$44,750,147$27,304,774$159,395,779
83$246,232,395$46,869,669$28,146,249$174,624,270
84$271,272,557$49,090,741$29,013,606$191,363,985
85$298,864,436$51,418,265$29,907,639$209,767,264
86$329,268,232$53,857,384$30,829,169$230,001,911
87$362,770,684$56,413,487$31,779,038$252,252,758
88$399,687,774$59,092,228$32,758,116$276,723,405
89$440,367,713$61,899,534$33,767,299$303,638,127
90$485,194,227$64,841,618$34,807,511$333,243,978
91$534,590,179$67,924,999$35,879,704$365,813,111
92$589,021,562$71,156,508$36,984,858$401,645,336
93$649,001,896$74,543,312$38,123,986$441,070,930
94$715,097,079$78,092,924$39,298,129$484,453,746
95$787,930,726$81,813,221$40,508,361$532,194,629
96$868,190,057$85,712,467$41,755,788$584,735,185
97$956,632,388$89,799,322$43,041,552$642,561,932
98$1,054,092,275$94,082,873$44,366,827$706,210,873
99$1,161,489,397$98,572,644$45,732,826$776,272,543
100$1,279,837,237$103,278,624$47,140,797$853,397,557