Can I retire at age 51 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$858,822$851,172$843,709$836,424$829,311$823,050
2 years$425,160$417,241$409,567$402,127$394,910$388,598
3 years$280,624$272,672$265,017$257,647$250,547$244,379
4 years$208,371$200,443$192,865$185,620$178,692$172,716
5 years$165,030$157,149$149,671$142,574$135,839$130,072
6 years$136,145$128,324$120,956$114,017$107,485$101,934
7 years$115,522$107,767$100,515$93,740$87,414$82,083
8 years$100,061$92,376$85,245$78,636$72,518$67,406
9 years$88,043$80,430$73,421$66,981$61,071$56,177
10 years$78,433$70,895$64,010$57,738$52,035$47,356
11 years$70,576$63,114$56,354$50,249$44,752$40,285
12 years$64,033$56,647$50,013$44,075$38,781$34,522
13 years$58,502$51,193$44,683$38,912$33,818$29,761
14 years$53,764$46,533$40,148$34,542$29,645$25,786
15 years$49,662$42,508$36,248$30,805$26,102$22,436
16 years$46,076$39,001$32,864$27,583$23,069$19,590
17 years$42,915$35,918$29,905$24,783$20,454$17,157
18 years$40,109$33,190$27,299$22,334$18,187$15,066
19 years$37,601$30,760$24,991$20,181$16,210$13,258
20 years$35,346$28,584$22,936$18,278$14,479$11,691
21 years$33,309$26,625$21,097$16,588$12,957$10,325
22 years$31,460$24,853$19,444$15,082$11,615$9,133
23 years$29,774$23,245$17,953$13,736$10,426$8,089
24 years$28,230$21,779$16,603$12,528$9,371$7,172
25 years$26,813$20,438$15,378$11,441$8,432$6,366
26 years$25,506$19,209$14,262$10,461$7,596$5,655
27 years$24,299$18,078$13,244$9,575$6,848$5,027
28 years$23,179$17,034$12,312$8,773$6,179$4,472
29 years$22,139$16,070$11,457$8,045$5,580$3,981
30 years$21,170$15,176$10,672$7,383$5,042$3,545
31 years$20,265$14,347$9,949$6,781$4,558$3,159
32 years$19,418$13,575$9,283$6,232$4,123$2,816
33 years$18,625$12,856$8,667$5,731$3,731$2,511
34 years$17,880$12,184$8,098$5,273$3,378$2,240
35 years$17,178$11,557$7,571$4,854$3,060$1,998
36 years$16,518$10,969$7,083$4,470$2,772$1,784
37 years$15,894$10,418$6,629$4,119$2,513$1,592
38 years$15,305$9,901$6,208$3,796$2,278$1,422
39 years$14,747$9,415$5,816$3,501$2,066$1,270
40 years$14,218$8,957$5,452$3,229$1,874$1,134
41 years$13,717$8,527$5,112$2,979$1,700$1,013
42 years$13,241$8,120$4,795$2,749$1,543$905
43 years$12,788$7,737$4,500$2,538$1,400$809
44 years$12,357$7,375$4,224$2,343$1,271$723
45 years$11,946$7,033$3,966$2,164$1,154$646
46 years$11,554$6,709$3,725$1,999$1,047$578
47 years$11,180$6,402$3,499$1,847$951$516
48 years$10,823$6,112$3,288$1,707$864$461
49 years$10,481$5,837$3,091$1,577$784$413
50 years$10,154$5,575$2,906$1,458$713$369

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $10,400,000, adding $5,718 every year, while hoping to spend $40,311 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: 54/33/13 Blend
50$10,400,000$10,400,000$10,400,000$10,400,000
51$11,466,698$10,915,498$10,754,298$12,046,668
52$12,593,411$11,407,467$11,071,677$12,933,788
53$13,833,697$11,922,191$11,398,336$13,894,030
54$15,199,099$12,460,743$11,734,545$14,938,260
55$16,702,334$13,024,247$12,080,580$16,074,474
56$18,357,417$13,613,879$12,436,723$17,311,455
57$20,179,788$14,230,875$12,803,269$18,658,860
58$22,186,464$14,876,525$13,180,515$20,127,301
59$24,396,193$15,552,184$13,568,772$21,728,448
60$26,829,636$16,259,272$13,968,358$23,475,127
61$29,509,558$16,999,277$14,379,597$25,381,445
62$32,461,047$17,773,755$14,802,827$27,462,916
63$35,711,745$18,584,340$15,238,394$29,736,602
64$39,292,114$19,432,744$15,686,651$32,221,269
65$43,235,721$20,320,759$16,147,964$34,937,563
66$47,579,553$21,250,265$16,622,710$37,908,195
67$52,364,371$22,223,231$17,111,274$41,158,154
68$57,635,088$23,241,721$17,614,053$44,714,937
69$63,441,200$24,307,898$18,131,457$48,608,800
70$69,837,246$25,424,029$18,663,904$52,873,040
71$76,883,328$26,592,489$19,211,828$57,544,303
72$84,645,674$27,815,768$19,775,671$62,662,922
73$93,197,268$29,096,476$20,355,891$68,273,292
74$102,618,533$30,437,346$20,952,957$74,424,283
75$112,998,093$31,841,247$21,567,351$81,169,689
76$124,433,612$33,311,181$22,199,571$88,568,735
77$137,032,710$34,850,299$22,850,126$96,686,623
78$150,913,982$36,461,899$23,519,541$105,595,139
79$166,208,118$38,149,442$24,208,355$115,373,324
80$183,059,134$39,916,552$24,917,123$126,108,210
81$201,625,735$41,767,032$25,646,415$137,895,631
82$222,082,807$43,704,864$26,396,818$150,841,116
83$244,623,075$45,734,225$27,168,933$165,060,879
84$269,458,917$47,859,490$27,963,381$180,682,900
85$296,824,370$50,085,248$28,780,797$197,848,124
86$326,977,339$52,416,309$29,621,838$216,711,779
87$360,202,033$54,857,713$30,487,175$237,444,826
88$396,811,646$57,414,747$31,377,500$260,235,565
89$437,151,313$60,092,948$32,293,525$285,291,391
90$481,601,369$62,898,125$33,235,981$312,840,744
91$530,580,941$65,836,365$34,205,618$343,135,246
92$584,551,900$68,914,050$35,203,209$376,452,060
93$644,023,226$72,137,871$36,229,549$413,096,494
94$709,555,808$75,514,840$37,285,452$453,404,859
95$781,767,744$79,052,310$38,371,758$497,747,630
96$861,340,170$82,757,990$39,489,329$546,532,923
97$949,023,696$86,639,959$40,639,049$600,210,328
98$1,045,645,486$90,706,690$41,821,831$659,275,128
99$1,152,117,072$94,967,065$43,038,608$724,272,958
100$1,269,442,955$99,430,393$44,290,344$795,804,932