Can I retire at age 51 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$990,949$982,122$973,510$965,105$956,897$920,021
2 years$490,569$481,432$472,578$463,993$455,665$418,953
3 years$323,797$314,621$305,789$297,285$289,093$253,700
4 years$240,428$231,280$222,536$214,177$206,183$172,379
5 years$190,419$181,326$172,697$164,508$156,737$124,609
6 years$157,091$148,067$139,565$131,559$124,021$93,589
7 years$133,294$124,346$115,979$108,162$100,862$72,118
8 years$115,455$106,588$98,360$90,734$83,675$56,590
9 years$101,588$92,804$84,717$77,285$70,466$45,002
10 years$90,500$81,802$73,858$66,621$60,041$36,149
11 years$81,434$72,823$65,024$57,980$51,637$29,263
12 years$73,885$65,362$57,707$50,856$44,748$23,834
13 years$67,502$59,068$51,557$44,898$39,021$19,505
14 years$62,035$53,692$46,324$39,856$34,205$16,025
15 years$57,302$49,048$41,825$35,544$30,117$13,206
16 years$53,165$45,001$37,920$31,826$26,618$10,911
17 years$49,518$41,444$34,506$28,595$23,601$9,033
18 years$46,279$38,296$31,499$25,770$20,985$7,492
19 years$43,385$35,493$28,836$23,286$18,704$6,221
20 years$40,784$32,981$26,464$21,090$16,707$5,173
21 years$38,434$30,721$24,342$19,140$14,951$4,305
22 years$36,300$28,677$22,435$17,403$13,401$3,585
23 years$34,354$26,821$20,715$15,849$12,030$2,988
24 years$32,574$25,129$19,158$14,455$10,813$2,492
25 years$30,938$23,583$17,744$13,201$9,730$2,079
26 years$29,430$22,164$16,457$12,071$8,764$1,735
27 years$28,037$20,859$15,281$11,049$7,902$1,448
28 years$26,745$19,655$14,206$10,123$7,130$1,209
29 years$25,545$18,542$13,220$9,283$6,438$1,010
30 years$24,427$17,511$12,314$8,519$5,817$844
31 years$23,383$16,554$11,480$7,824$5,259$705
32 years$22,406$15,663$10,711$7,191$4,757$589
33 years$21,490$14,834$10,001$6,613$4,305$492
34 years$20,630$14,059$9,344$6,084$3,898$411
35 years$19,821$13,335$8,736$5,601$3,531$344
36 years$19,059$12,656$8,172$5,158$3,199$287
37 years$18,339$12,021$7,649$4,753$2,899$240
38 years$17,659$11,424$7,163$4,381$2,629$201
39 years$17,016$10,863$6,711$4,039$2,384$168
40 years$16,406$10,335$6,290$3,725$2,162$140
41 years$15,827$9,838$5,898$3,437$1,961$117
42 years$15,278$9,370$5,533$3,172$1,780$98
43 years$14,755$8,927$5,192$2,928$1,615$82
44 years$14,258$8,510$4,873$2,704$1,466$69
45 years$13,784$8,115$4,576$2,497$1,331$57
46 years$13,332$7,741$4,298$2,307$1,209$48
47 years$12,900$7,387$4,038$2,131$1,097$40
48 years$12,488$7,052$3,794$1,969$997$33
49 years$12,094$6,735$3,567$1,820$905$28
50 years$11,716$6,433$3,353$1,682$822$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $12,000,000, adding $4,322 every year, while hoping to spend $47,393 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: 42/39/19 Blend
50$12,000,000$12,000,000$12,000,000$12,000,000
51$13,228,458$12,592,458$12,406,458$13,710,250
52$14,527,335$13,159,063$12,771,649$14,618,686
53$15,957,109$13,751,843$13,147,485$15,596,864
54$17,531,082$14,372,030$13,534,273$16,655,150
55$19,263,909$15,020,917$13,932,328$17,800,918
56$21,171,742$15,699,856$14,341,975$19,042,259
57$23,272,375$16,410,265$14,763,547$20,388,056
58$25,585,419$17,153,629$15,197,387$21,848,060
59$28,132,479$17,931,504$15,643,847$23,432,978
60$30,937,366$18,745,522$16,103,290$25,154,568
61$34,026,316$19,597,391$16,576,089$27,025,746
62$37,428,238$20,488,902$17,062,626$29,060,700
63$41,174,991$21,421,930$17,563,297$31,275,021
64$45,301,679$22,398,443$18,078,506$33,685,840
65$49,846,984$23,420,501$18,608,669$36,311,986
66$54,853,533$24,490,262$19,154,216$39,174,156
67$60,368,298$25,609,989$19,715,587$42,295,102
68$66,443,039$26,782,054$20,293,234$45,699,841
69$73,134,795$28,008,941$20,887,624$49,415,881
70$80,506,419$29,293,254$21,499,234$53,473,472
71$88,627,173$30,637,723$22,128,558$57,905,884
72$97,573,381$32,045,207$22,776,100$62,749,713
73$107,429,148$33,518,704$23,442,382$68,045,214
74$118,287,156$35,061,356$24,127,937$73,836,677
75$130,249,539$36,676,456$24,833,316$80,172,826
76$143,428,844$38,367,453$25,559,084$87,107,276
77$157,949,094$40,137,966$26,305,821$94,699,024
78$173,946,960$41,991,785$27,074,124$103,012,996
79$191,573,051$43,932,884$27,864,609$112,120,645
80$210,993,333$45,965,427$28,677,904$122,100,616
81$232,390,699$48,093,778$29,514,660$133,039,471
82$255,966,692$50,322,515$30,375,543$145,032,496
83$281,943,409$52,656,432$31,261,237$158,184,583
84$310,565,596$55,100,557$32,172,448$172,611,206
85$342,102,961$57,660,159$33,109,900$188,439,494
86$376,852,717$60,340,760$34,074,335$205,809,415
87$415,142,389$63,148,152$35,066,520$224,875,081
88$457,332,904$66,088,403$36,087,240$245,806,180
89$503,822,000$69,167,875$37,137,303$268,789,563
90$555,047,980$72,393,237$38,217,538$294,030,985
91$611,493,848$75,771,480$39,328,800$321,757,030
92$673,691,871$79,309,932$40,471,965$352,217,220
93$742,228,600$83,016,277$41,647,934$385,686,356
94$817,750,410$86,898,567$42,857,632$422,467,084
95$900,969,601$90,965,247$44,102,013$462,892,726
96$992,671,122$95,225,166$45,382,052$507,330,400
97$1,093,719,981$99,687,603$46,698,755$556,184,461
98$1,205,069,411$104,362,287$48,053,155$609,900,286
99$1,327,769,867$109,259,415$49,446,311$668,968,448
100$1,462,978,945$114,389,679$50,879,315$733,929,318