Can I retire at age 51 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$966,175$957,569$949,172$940,977$932,974$929,043
2 years$478,304$469,397$460,763$452,393$444,274$440,305
3 years$315,702$306,756$298,144$289,852$281,865$277,982
4 years$234,417$225,498$216,973$208,822$201,029$197,260
5 years$185,659$176,793$168,380$160,396$152,819$149,177
6 years$153,164$144,365$136,076$128,270$120,920$117,409
7 years$129,962$121,237$113,080$105,458$98,341$94,962
8 years$112,569$103,923$95,901$88,466$81,583$78,338
9 years$99,048$90,484$82,599$75,353$68,705$65,592
10 years$88,237$79,757$72,012$64,955$58,540$55,558
11 years$79,398$71,003$63,398$56,530$50,346$47,494
12 years$72,038$63,728$56,264$49,585$43,629$40,903
13 years$65,814$57,592$50,268$43,776$38,045$35,444
14 years$60,484$52,349$45,166$38,859$33,350$30,870
15 years$55,870$47,822$40,779$34,656$29,364$27,003
16 years$51,835$43,876$36,972$31,030$25,952$23,706
17 years$48,280$40,408$33,643$27,881$23,011$20,877
18 years$45,122$37,339$30,712$25,126$20,460$18,435
19 years$42,301$34,605$28,115$22,704$18,237$16,316
20 years$39,765$32,157$25,803$20,562$16,289$14,470
21 years$37,473$29,953$23,734$18,662$14,577$12,856
22 years$35,392$27,960$21,874$16,968$13,066$11,439
23 years$33,495$26,150$20,197$15,453$11,729$10,193
24 years$31,759$24,501$18,679$14,094$10,542$9,093
25 years$30,164$22,993$17,300$12,871$9,487$8,120
26 years$28,695$21,610$16,045$11,769$8,545$7,258
27 years$27,336$20,337$14,899$10,772$7,704$6,493
28 years$26,077$19,164$13,851$9,870$6,952$5,813
29 years$24,906$18,079$12,889$9,051$6,277$5,208
30 years$23,816$17,074$12,006$8,306$5,672$4,668
31 years$22,798$16,140$11,193$7,629$5,128$4,187
32 years$21,846$15,272$10,443$7,011$4,638$3,756
33 years$20,953$14,463$9,751$6,447$4,198$3,372
34 years$20,114$13,707$9,111$5,932$3,801$3,028
35 years$19,326$13,001$8,518$5,461$3,442$2,720
36 years$18,582$12,340$7,968$5,029$3,119$2,444
37 years$17,881$11,720$7,458$4,634$2,827$2,196
38 years$17,218$11,138$6,984$4,271$2,563$1,975
39 years$16,590$10,592$6,543$3,938$2,324$1,775
40 years$15,996$10,077$6,133$3,632$2,108$1,597
41 years$15,432$9,592$5,751$3,351$1,912$1,436
42 years$14,896$9,135$5,395$3,093$1,735$1,292
43 years$14,386$8,704$5,062$2,855$1,575$1,163
44 years$13,901$8,297$4,752$2,636$1,430$1,046
45 years$13,439$7,912$4,462$2,435$1,298$942
46 years$12,998$7,548$4,190$2,249$1,178$848
47 years$12,578$7,203$3,937$2,078$1,070$763
48 years$12,176$6,876$3,700$1,920$972$687
49 years$11,791$6,566$3,477$1,774$883$618
50 years$11,423$6,272$3,269$1,640$802$557

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $11,700,000, adding $2,363 every year, while hoping to spend $23,637 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: 54/18/28 Blend
50$11,700,000$11,700,000$11,700,000$11,700,000
51$12,895,837$12,275,737$12,094,387$13,491,655
52$14,186,063$12,852,099$12,474,400$14,480,261
53$15,607,100$13,455,910$12,866,350$15,553,383
54$17,172,265$14,088,491$13,270,614$16,721,272
55$18,896,234$14,751,225$13,687,578$17,993,031
56$20,795,179$15,445,564$14,117,640$19,378,676
57$22,886,919$16,173,028$14,561,213$20,889,215
58$25,191,091$16,935,213$15,018,721$22,536,759
59$27,729,335$17,733,791$15,490,600$24,334,627
60$30,525,496$18,570,515$15,977,304$26,297,471
61$33,605,849$19,447,223$16,479,296$28,441,408
62$36,999,351$20,365,843$16,997,058$30,784,174
63$40,737,910$21,328,394$17,531,085$33,345,281
64$44,856,688$22,336,997$18,081,887$36,146,200
65$49,394,432$23,393,871$18,649,992$39,210,562
66$54,393,840$24,501,347$19,235,943$42,564,373
67$59,901,965$25,661,866$19,840,300$46,236,256
68$65,970,657$26,877,989$20,463,642$50,257,716
69$72,657,054$28,152,401$21,106,564$54,663,436
70$80,024,122$29,487,916$21,769,682$59,491,594
71$88,141,246$30,887,488$22,453,630$64,784,222
72$97,084,889$32,354,210$23,159,062$70,587,594
73$106,939,310$33,891,329$23,886,653$76,952,660
74$117,797,363$35,502,247$24,637,099$83,935,519
75$129,761,370$37,190,533$25,411,118$91,597,943
76$142,944,088$38,959,928$26,209,449$100,007,952
77$157,469,777$40,814,356$27,032,857$109,240,451
78$173,475,365$42,757,931$27,882,129$119,377,931
79$191,111,749$44,794,966$28,758,077$130,511,235
80$210,545,214$46,929,986$29,661,539$142,740,414
81$231,959,004$49,167,734$30,593,379$156,175,658
82$255,555,054$51,513,184$31,554,489$170,938,332
83$281,555,892$53,971,553$32,545,787$187,162,109
84$310,206,744$56,548,310$33,568,221$204,994,225
85$341,777,845$59,249,190$34,622,770$224,596,858
86$376,566,994$62,080,209$35,710,441$246,148,650
87$414,902,362$65,047,674$36,832,276$269,846,380
88$457,145,592$68,158,199$37,989,346$295,906,816
89$503,695,212$71,418,720$39,182,759$324,568,742
90$554,990,397$74,836,511$40,413,655$356,095,208
91$611,515,117$78,419,200$41,683,212$390,775,994
92$673,802,703$82,174,784$42,992,643$428,930,338
93$742,440,883$86,111,654$44,343,202$470,909,932
94$818,077,333$90,238,604$45,736,178$517,102,228
95$901,425,786$94,564,861$47,172,905$567,934,082
96$993,272,775$99,100,097$48,654,756$623,875,770
97$1,094,485,055$103,854,460$50,183,148$685,445,406
98$1,206,017,790$108,838,588$51,759,543$753,213,821
99$1,328,923,565$114,063,639$53,385,448$827,809,929
100$1,464,362,325$119,541,314$55,062,417$909,926,652