Can I retire at age 51 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$945,267
2 years$502,833$493,468$484,392$475,592$467,057$431,629
3 years$331,892$322,487$313,434$304,717$296,320$262,130
4 years$246,438$237,062$228,100$219,531$211,338$178,647
5 years$195,180$185,859$177,015$168,621$160,656$129,549
6 years$161,018$151,768$143,054$134,848$127,121$97,622
7 years$136,627$127,455$118,879$110,866$103,384$75,484
8 years$118,342$109,252$100,818$93,002$85,767$59,443
9 years$104,127$95,124$86,835$79,217$72,228$47,445
10 years$92,762$83,847$75,705$68,286$61,542$38,256
11 years$83,470$74,644$66,649$59,429$52,928$31,091
12 years$75,732$66,996$59,149$52,128$45,866$25,424
13 years$69,189$60,545$52,846$46,021$39,996$20,892
14 years$63,586$55,034$47,482$40,852$35,061$17,237
15 years$58,735$50,274$42,870$36,433$30,870$14,266
16 years$54,494$46,126$38,868$32,622$27,283$11,838
17 years$50,755$42,480$35,369$29,310$24,191$9,844
18 years$47,436$39,254$32,287$26,415$21,510$8,201
19 years$44,470$36,380$29,557$23,868$19,172$6,842
20 years$41,804$33,806$27,126$21,617$17,125$5,714
21 years$39,395$31,489$24,951$19,619$15,325$4,778
22 years$37,207$29,394$22,996$17,838$13,736$3,998
23 years$35,213$27,491$21,233$16,245$12,331$3,348
24 years$33,388$25,758$19,637$14,817$11,083$2,805
25 years$31,711$24,172$18,187$13,531$9,973$2,351
26 years$30,166$22,718$16,868$12,372$8,983$1,972
27 years$28,738$21,380$15,663$11,325$8,099$1,654
28 years$27,414$20,147$14,561$10,376$7,308$1,388
29 years$26,184$19,006$13,550$9,515$6,599$1,165
30 years$25,037$17,949$12,622$8,732$5,963$978
31 years$23,967$16,968$11,767$8,020$5,391$821
32 years$22,966$16,055$10,979$7,371$4,876$689
33 years$22,027$15,204$10,251$6,778$4,413$579
34 years$21,146$14,410$9,578$6,236$3,996$486
35 years$20,317$13,668$8,955$5,741$3,619$408
36 years$19,535$12,973$8,377$5,287$3,279$343
37 years$18,798$12,321$7,841$4,871$2,972$288
38 years$18,101$11,710$7,342$4,490$2,694$242
39 years$17,441$11,135$6,879$4,140$2,443$203
40 years$16,816$10,594$6,448$3,819$2,216$171
41 years$16,223$10,084$6,046$3,523$2,010$144
42 years$15,660$9,604$5,671$3,251$1,824$121
43 years$15,124$9,151$5,322$3,001$1,656$101
44 years$14,614$8,722$4,995$2,771$1,503$85
45 years$14,128$8,318$4,690$2,559$1,364$72
46 years$13,665$7,935$4,405$2,364$1,239$60
47 years$13,223$7,572$4,139$2,184$1,125$51
48 years$12,800$7,229$3,889$2,018$1,022$42
49 years$12,396$6,903$3,656$1,865$928$36
50 years$12,009$6,594$3,437$1,724$843$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $12,300,000, adding $4,365 every year, while hoping to spend $22,524 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: 42/41/17 Blend
50$12,300,000$12,300,000$12,300,000$12,300,000
51$13,559,102$12,907,202$12,716,552$14,060,879
52$14,918,166$13,515,690$13,118,592$15,024,202
53$16,415,098$14,153,239$13,533,344$16,064,168
54$18,063,939$14,821,248$13,961,212$17,189,849
55$19,880,159$15,521,187$14,402,611$18,409,112
56$21,880,804$16,254,595$14,857,967$19,730,583
57$24,084,661$17,023,085$15,327,724$21,163,728
58$26,512,430$17,828,349$15,812,336$22,718,937
59$29,186,921$18,672,162$16,312,273$24,407,613
60$32,133,273$19,556,384$16,828,020$26,242,276
61$35,379,186$20,482,965$17,360,077$28,236,674
62$38,955,183$21,453,951$17,908,960$30,405,904
63$42,894,903$22,471,485$18,475,201$32,766,552
64$47,235,412$23,537,817$19,059,350$35,336,836
65$52,017,558$24,655,304$19,661,972$38,136,778
66$57,286,353$25,826,418$20,283,652$41,188,375
67$63,091,400$27,053,751$20,924,993$44,515,807
68$69,487,359$28,340,022$21,586,617$48,145,651
69$76,534,466$29,688,080$22,269,166$52,107,126
70$84,299,100$31,100,913$22,973,300$56,432,355
71$92,854,406$32,581,657$23,699,704$61,156,662
72$102,280,993$34,133,595$24,449,082$66,318,893
73$112,667,689$35,760,175$25,222,160$71,961,769
74$124,112,379$37,465,010$26,019,689$78,132,282
75$136,722,934$39,251,888$26,842,441$84,882,126
76$150,618,225$41,124,782$27,691,214$92,268,167
77$165,929,246$43,087,859$28,566,832$100,352,970
78$182,800,353$45,145,488$29,470,145$109,205,379
79$201,390,622$47,302,249$30,402,027$118,901,144
80$221,875,354$49,562,948$31,363,384$129,523,626
81$244,447,730$51,932,622$32,355,147$141,164,569
82$269,320,632$54,416,555$33,378,278$153,924,944
83$296,728,656$57,020,286$34,433,771$167,915,889
84$326,930,325$59,749,625$35,522,647$183,259,736
85$360,210,527$62,610,666$36,645,965$200,091,151
86$396,883,208$65,609,796$37,804,813$218,558,379
87$437,294,337$68,753,717$39,000,315$238,824,627
88$481,825,165$72,049,455$40,233,631$261,069,580
89$530,895,832$75,504,379$41,505,958$285,491,076
90$584,969,329$79,126,216$42,818,530$312,306,944
91$644,555,869$82,923,069$44,172,619$341,757,042
92$710,217,706$86,903,438$45,569,540$374,105,489
93$782,574,440$91,076,234$47,010,648$409,643,133
94$862,308,869$95,450,806$48,497,341$448,690,265
95$950,173,432$100,036,954$50,031,061$491,599,613
96$1,046,997,317$104,844,959$51,613,295$538,759,642
97$1,153,694,282$109,885,601$53,245,580$590,598,182
98$1,271,271,290$115,170,187$54,929,498$647,586,437
99$1,400,838,009$120,710,573$56,666,683$710,243,393
100$1,543,617,290$126,519,196$58,458,822$779,140,678