Can I retire at age 51 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$982,691$973,938$965,398$957,062$948,923$940,972
2 years$486,481$477,420$468,640$460,126$451,868$443,855
3 years$321,099$311,999$303,241$294,807$286,684$278,856
4 years$238,424$229,353$220,682$212,392$204,465$196,884
5 years$188,832$179,815$171,258$163,137$155,431$148,118
6 years$155,782$146,833$138,402$130,462$122,987$115,952
7 years$132,184$123,310$115,013$107,260$100,022$93,267
8 years$114,493$105,699$97,540$89,978$82,978$76,504
9 years$100,741$92,030$84,011$76,641$69,879$63,684
10 years$89,746$81,120$73,243$66,065$59,541$53,621
11 years$80,756$72,217$64,482$57,497$51,207$45,558
12 years$73,269$64,818$57,226$50,432$44,375$38,991
13 years$66,939$58,576$51,128$44,524$38,696$33,571
14 years$61,518$53,244$45,938$39,524$33,920$29,049
15 years$56,825$48,640$41,476$35,248$29,866$25,241
16 years$52,721$44,626$37,604$31,561$26,396$22,009
17 years$49,105$41,099$34,218$28,357$23,404$19,249
18 years$45,894$37,977$31,237$25,556$20,810$16,879
19 years$43,024$35,197$28,596$23,092$18,548$14,833
20 years$40,444$32,707$26,244$20,914$16,568$13,060
21 years$38,113$30,465$24,139$18,981$14,826$11,518
22 years$35,997$28,438$22,248$17,258$13,290$10,172
23 years$34,068$26,597$20,542$15,717$11,930$8,996
24 years$32,302$24,920$18,998$14,335$10,723$7,964
25 years$30,680$23,386$17,596$13,091$9,649$7,057
26 years$29,185$21,979$16,319$11,970$8,691$6,259
27 years$27,803$20,685$15,154$10,957$7,836$5,556
28 years$26,523$19,491$14,088$10,039$7,070$4,934
29 years$25,332$18,388$13,110$9,206$6,384$4,385
30 years$24,223$17,365$12,211$8,448$5,769$3,899
31 years$23,188$16,416$11,384$7,759$5,215$3,468
32 years$22,219$15,533$10,622$7,131$4,718$3,087
33 years$21,311$14,710$9,917$6,557$4,270$2,748
34 years$20,458$13,942$9,266$6,033$3,866$2,447
35 years$19,656$13,223$8,663$5,554$3,501$2,180
36 years$18,900$12,551$8,104$5,115$3,172$1,942
37 years$18,186$11,921$7,586$4,713$2,875$1,731
38 years$17,512$11,329$7,104$4,344$2,607$1,543
39 years$16,874$10,773$6,655$4,005$2,364$1,376
40 years$16,269$10,249$6,238$3,694$2,144$1,227
41 years$15,695$9,756$5,849$3,409$1,945$1,094
42 years$15,150$9,292$5,487$3,146$1,765$976
43 years$14,632$8,853$5,149$2,904$1,602$870
44 years$14,139$8,439$4,833$2,681$1,454$776
45 years$13,669$8,047$4,538$2,476$1,320$693
46 years$13,221$7,677$4,262$2,287$1,198$618
47 years$12,793$7,326$4,004$2,113$1,088$552
48 years$12,384$6,994$3,763$1,953$988$492
49 years$11,993$6,678$3,537$1,805$898$439
50 years$11,619$6,379$3,325$1,668$815$392

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $11,900,000, adding $2,898 every year, while hoping to spend $24,297 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: 64/11/25 Blend
50$11,900,000$11,900,000$11,900,000$11,900,000
51$13,116,789$12,486,089$12,301,639$13,869,979
52$14,428,850$13,072,056$12,687,892$14,965,041
53$15,873,927$13,685,920$13,086,271$16,158,054
54$17,465,561$14,329,024$13,497,155$17,461,038
55$19,218,676$15,002,774$13,920,937$18,884,782
56$21,149,714$15,708,644$14,358,022$20,441,158
57$23,276,797$16,448,179$14,808,827$22,143,232
58$25,619,891$17,223,001$15,273,784$24,005,384
59$28,201,000$18,034,808$15,753,336$26,043,445
60$31,044,370$18,885,381$16,247,941$28,274,838
61$34,176,720$19,776,590$16,758,071$30,718,746
62$37,627,494$20,710,391$17,284,214$33,396,286
63$41,429,136$21,688,837$17,826,873$36,330,708
64$45,617,400$22,714,082$18,386,566$39,547,611
65$50,231,685$23,788,383$18,963,826$43,075,181
66$55,315,409$24,914,106$19,559,206$46,944,455
67$60,916,415$26,093,732$20,173,275$51,189,609
68$67,087,428$27,329,863$20,806,618$55,848,280
69$73,886,546$28,625,227$21,459,840$60,961,917
70$81,377,795$29,982,684$22,133,565$66,576,164
71$89,631,728$31,405,233$22,828,438$72,741,296
72$98,726,094$32,896,019$23,545,120$79,512,681
73$108,746,571$34,458,340$24,284,297$86,951,304
74$119,787,575$36,095,652$25,046,675$95,124,336
75$131,953,150$37,811,582$25,832,981$104,105,763
76$145,357,952$39,609,930$26,643,967$113,977,083
77$160,128,330$41,494,683$27,480,406$124,828,067
78$176,403,518$43,470,021$28,343,098$136,757,604
79$194,336,951$45,540,327$29,232,866$149,874,626
80$214,097,713$47,710,196$30,150,560$164,299,135
81$235,872,132$49,984,448$31,097,057$180,163,328
82$259,865,541$52,368,136$32,073,259$197,612,837
83$286,304,212$54,866,561$33,080,099$216,808,102
84$315,437,497$57,485,278$34,118,538$237,925,875
85$347,540,181$60,230,116$35,189,568$261,160,883
86$382,915,073$63,107,185$36,294,212$286,727,663
87$421,895,865$66,122,892$37,433,523$314,862,574
88$464,850,288$69,283,958$38,608,591$345,826,023
89$512,183,575$72,597,430$39,820,536$379,904,917
90$564,342,291$76,070,695$41,070,515$417,415,363
91$621,818,550$79,711,505$42,359,723$458,705,641
92$685,154,658$83,527,984$43,689,390$504,159,483
93$754,948,233$87,528,656$45,060,784$554,199,690
94$831,857,849$91,722,456$46,475,217$609,292,110
95$916,609,250$96,118,757$47,934,037$669,950,026
96$1,010,002,204$100,727,386$49,438,637$736,738,994
97$1,112,918,051$105,558,650$50,990,454$810,282,165
98$1,226,328,027$110,623,359$52,590,969$891,266,162
99$1,351,302,429$115,932,847$54,241,709$980,447,548
100$1,489,020,722$121,499,001$55,944,252$1,078,659,955