Can I retire at age 51 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$867,080$859,357$851,821$844,466$837,285$803,747
2 years$429,248$421,253$413,506$405,993$398,707$365,340
3 years$283,323$275,294$267,565$260,124$252,956$220,810
4 years$210,374$202,370$194,719$187,405$180,410$149,729
5 years$166,617$158,661$151,110$143,945$137,145$108,007
6 years$137,455$129,558$122,119$115,114$108,518$80,942
7 years$116,633$108,803$101,482$94,641$88,254$62,229
8 years$101,023$93,264$86,065$79,392$73,216$48,715
9 years$88,889$81,203$74,127$67,625$61,658$38,644
10 years$79,187$71,577$64,626$58,293$52,536$30,963
11 years$71,255$63,720$56,896$50,732$45,183$25,000
12 years$64,649$57,192$50,493$44,499$39,154$20,307
13 years$59,064$51,685$45,113$39,286$34,143$16,573
14 years$54,281$46,980$40,534$34,874$29,930$13,578
15 years$50,139$42,917$36,597$31,101$26,353$11,158
16 years$46,519$39,376$33,180$27,848$23,290$9,192
17 years$43,328$36,264$30,193$25,021$20,651$7,587
18 years$40,494$33,509$27,562$22,549$18,362$6,274
19 years$37,962$31,056$25,232$20,375$16,366$5,194
20 years$35,686$28,859$23,156$18,453$14,619$4,305
21 years$33,630$26,881$21,299$16,748$13,082$3,572
22 years$31,762$25,092$19,631$15,227$11,726$2,966
23 years$30,060$23,468$18,125$13,868$10,526$2,464
24 years$28,502$21,988$16,763$12,648$9,461$2,048
25 years$27,071$20,635$15,526$11,551$8,514$1,703
26 years$25,752$19,393$14,399$10,562$7,669$1,417
27 years$24,532$18,251$13,371$9,668$6,914$1,179
28 years$23,402$17,198$12,430$8,858$6,239$981
29 years$22,352$16,225$11,567$8,123$5,633$817
30 years$21,373$15,322$10,775$7,454$5,090$680
31 years$20,460$14,485$10,045$6,846$4,602$566
32 years$19,605$13,706$9,372$6,292$4,163$472
33 years$18,804$12,979$8,751$5,786$3,767$393
34 years$18,051$12,301$8,176$5,324$3,411$327
35 years$17,344$11,668$7,644$4,901$3,089$273
36 years$16,676$11,074$7,151$4,513$2,799$227
37 years$16,047$10,518$6,693$4,158$2,537$189
38 years$15,452$9,996$6,268$3,833$2,300$158
39 years$14,889$9,505$5,872$3,534$2,086$131
40 years$14,355$9,043$5,504$3,260$1,892$109
41 years$13,849$8,608$5,161$3,008$1,716$91
42 years$13,368$8,198$4,841$2,776$1,557$76
43 years$12,911$7,811$4,543$2,562$1,413$63
44 years$12,475$7,446$4,264$2,366$1,283$53
45 years$12,061$7,100$4,004$2,185$1,165$44
46 years$11,665$6,773$3,761$2,018$1,057$37
47 years$11,288$6,464$3,533$1,865$960$31
48 years$10,927$6,171$3,320$1,723$872$25
49 years$10,582$5,893$3,121$1,592$792$21
50 years$10,252$5,629$2,934$1,472$719$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $10,500,000, adding $6,506 every year, while hoping to spend $30,370 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: 37/45/18 Blend
50$10,500,000$10,500,000$10,500,000$10,500,000
51$11,577,711$11,021,211$10,858,461$11,942,816
52$12,726,324$11,528,937$11,189,906$12,715,051
53$13,991,078$12,060,523$11,531,436$13,545,279
54$15,383,786$12,617,108$11,883,358$14,441,415
55$16,917,468$13,199,882$12,245,987$15,409,388
56$18,606,469$13,810,095$12,619,646$16,455,697
57$20,466,595$14,449,056$13,004,670$17,587,469
58$22,515,265$15,118,137$13,401,404$18,812,516
59$24,771,674$15,818,777$13,810,203$20,139,411
60$27,256,972$16,552,484$14,231,432$21,577,557
61$29,994,465$17,320,839$14,665,467$23,137,274
62$33,009,837$18,125,497$15,112,697$24,829,887
63$36,331,390$18,968,195$15,573,521$26,667,831
64$39,990,309$19,850,753$16,048,351$28,664,757
65$44,020,960$20,775,081$16,537,612$30,835,658
66$48,461,215$21,743,177$17,041,739$33,197,000
67$53,352,805$22,757,138$17,561,183$35,766,873
68$58,741,716$23,819,163$18,096,407$38,565,151
69$64,678,624$24,931,555$18,647,890$41,613,673
70$71,219,372$26,096,729$19,216,122$44,936,440
71$78,425,498$27,317,219$19,801,612$48,559,833
72$86,364,813$28,595,677$20,404,881$52,512,853
73$95,112,046$29,934,887$21,026,467$56,827,382
74$104,749,545$31,337,767$21,666,923$61,538,478
75$115,368,054$32,807,373$22,326,821$66,684,690
76$127,067,575$34,346,913$23,006,748$72,308,416
77$139,958,303$35,959,748$23,707,310$78,456,287
78$154,161,676$37,649,401$24,429,131$85,179,597
79$169,811,513$39,419,568$25,172,853$92,534,773
80$187,055,282$41,274,121$25,939,138$100,583,896
81$206,055,490$43,217,122$26,728,668$109,395,270
82$226,991,216$45,252,828$27,542,145$119,044,054
83$250,059,806$47,385,702$28,380,293$129,612,955
84$275,478,730$49,620,425$29,243,856$141,192,992
85$303,487,638$51,961,904$30,133,603$153,884,339
86$334,350,623$54,415,282$31,050,324$167,797,254
87$368,358,709$56,985,954$31,994,833$183,053,096
88$405,832,607$59,679,575$32,967,969$199,785,458
89$447,125,734$62,502,075$33,970,597$218,141,402
90$492,627,553$65,459,671$35,003,606$238,282,828
91$542,767,249$68,558,881$36,067,913$260,387,981
92$598,017,783$71,806,541$37,164,462$284,653,107
93$658,900,352$75,209,816$38,294,227$311,294,284
94$725,989,313$78,776,222$39,458,208$340,549,433
95$799,917,603$82,513,637$40,657,439$372,680,540
96$881,382,716$86,430,323$41,892,981$407,976,099
97$971,153,287$90,534,943$43,165,929$446,753,806
98$1,070,076,346$94,836,579$44,477,412$489,363,527
99$1,179,085,318$99,344,756$45,828,590$536,190,569
100$1,299,208,833$104,069,461$47,220,659$587,659,283