Can I retire at age 51 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$982,974
2 years$506,921$497,480$488,330$479,459$470,854$464,983
3 years$334,590$325,109$315,982$307,194$298,729$292,988
4 years$248,442$238,989$229,954$221,316$213,056$207,489
5 years$196,766$187,371$178,454$169,992$161,962$156,586
6 years$162,327$153,002$144,217$135,944$128,155$122,977
7 years$137,738$128,491$119,845$111,767$104,224$99,246
8 years$119,304$110,140$101,638$93,759$86,464$81,686
9 years$104,974$95,897$87,541$79,861$72,815$68,237
10 years$93,517$84,529$76,320$68,841$62,042$57,661
11 years$84,149$75,251$67,191$59,913$53,358$49,171
12 years$76,348$67,541$59,630$52,551$46,239$42,242
13 years$69,752$61,037$53,276$46,395$40,322$36,511
14 years$64,103$55,481$47,869$41,184$35,346$31,717
15 years$59,212$50,683$43,219$36,729$31,121$27,670
16 years$54,937$46,501$39,184$32,887$27,505$24,226
17 years$51,168$42,826$35,656$29,549$24,388$21,276
18 years$47,822$39,573$32,549$26,629$21,684$18,735
19 years$44,832$36,676$29,797$24,062$19,328$16,535
20 years$42,144$34,081$27,347$21,793$17,264$14,622
21 years$39,715$31,745$25,154$19,778$15,449$12,953
22 years$37,510$29,633$23,183$17,983$13,848$11,491
23 years$35,499$27,715$21,405$16,377$12,431$10,208
24 years$33,659$25,967$19,796$14,937$11,173$9,079
25 years$31,969$24,369$18,335$13,641$10,054$8,083
26 years$30,411$22,903$17,005$12,473$9,056$7,203
27 years$28,972$21,554$15,791$11,417$8,165$6,423
28 years$27,637$20,310$14,680$10,460$7,368$5,732
29 years$26,397$19,160$13,661$9,592$6,653$5,119
30 years$25,241$18,095$12,724$8,803$6,011$4,574
31 years$24,162$17,106$11,863$8,085$5,435$4,089
32 years$23,153$16,186$11,068$7,431$4,916$3,656
33 years$22,207$15,328$10,334$6,833$4,449$3,271
34 years$21,318$14,527$9,656$6,287$4,028$2,928
35 years$20,482$13,779$9,027$5,787$3,648$2,621
36 years$19,694$13,078$8,445$5,330$3,306$2,347
37 years$18,951$12,421$7,904$4,911$2,996$2,103
38 years$18,248$11,805$7,402$4,527$2,716$1,884
39 years$17,583$11,225$6,935$4,174$2,463$1,688
40 years$16,953$10,680$6,500$3,850$2,234$1,513
41 years$16,355$10,166$6,095$3,552$2,027$1,356
42 years$15,787$9,682$5,717$3,278$1,839$1,216
43 years$15,247$9,225$5,365$3,026$1,669$1,090
44 years$14,733$8,793$5,036$2,794$1,515$978
45 years$14,243$8,385$4,729$2,580$1,375$877
46 years$13,776$7,999$4,441$2,383$1,249$787
47 years$13,330$7,634$4,172$2,202$1,134$706
48 years$12,904$7,287$3,921$2,035$1,030$633
49 years$12,497$6,959$3,685$1,880$935$568
50 years$12,107$6,648$3,465$1,738$850$510

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $12,400,000, adding $3,894 every year, while hoping to spend $34,893 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: 56/24/20 Blend
50$12,400,000$12,400,000$12,400,000$12,400,000
51$13,668,817$13,011,617$12,819,417$14,360,575
52$15,025,910$13,612,060$13,211,741$15,433,435
53$16,520,258$14,240,756$13,616,039$16,597,564
54$18,165,822$14,899,051$14,032,675$17,865,017
55$19,977,990$15,588,359$14,462,024$19,245,722
56$21,973,716$16,310,159$14,904,472$20,750,596
57$24,171,681$17,066,003$15,360,418$22,391,640
58$26,592,474$17,857,518$15,830,273$24,182,054
59$29,258,778$18,686,409$16,314,460$26,136,353
60$32,195,593$19,554,462$16,813,414$28,270,505
61$35,430,464$20,463,551$17,327,583$30,602,073
62$38,993,746$21,415,640$17,857,432$33,150,380
63$42,918,888$22,412,786$18,403,436$35,936,684
64$47,242,749$23,457,148$18,966,086$38,984,378
65$52,005,948$24,550,986$19,545,888$42,319,201
66$57,253,243$25,696,672$20,143,363$45,969,480
67$63,033,956$26,896,692$20,759,048$49,966,389
68$69,402,440$28,153,650$21,393,497$54,344,241
69$76,418,588$29,470,278$22,047,278$59,140,803
70$84,148,402$30,849,440$22,720,980$64,397,648
71$92,664,614$32,294,137$23,415,208$70,160,540
72$102,047,371$33,807,516$24,130,583$76,479,863
73$112,384,994$35,392,876$24,867,750$83,411,084
74$123,774,812$37,053,676$25,627,368$91,015,274
75$136,324,078$38,793,541$26,410,120$99,359,675
76$150,150,982$40,616,273$27,216,707$108,518,327
77$165,385,769$42,525,857$28,047,853$118,572,760
78$182,171,965$44,526,471$28,904,304$129,612,751
79$200,667,733$46,622,496$29,786,826$141,737,170
80$221,047,368$48,818,524$30,696,210$155,054,897
81$243,502,939$51,119,371$31,633,273$169,685,841
82$268,246,103$53,530,084$32,598,852$185,762,066
83$295,510,105$56,055,958$33,593,812$203,429,024
84$325,551,976$58,702,540$34,619,045$222,846,913
85$358,654,963$61,475,650$35,675,469$244,192,188
86$395,131,200$64,381,388$36,764,028$267,659,203
87$435,324,656$67,426,150$37,885,697$293,462,041
88$479,614,383$70,616,643$39,041,480$321,836,518
89$528,418,090$73,959,898$40,232,409$353,042,394
90$582,196,090$77,463,289$41,459,550$387,365,816
91$641,455,647$81,134,545$42,724,000$425,121,998
92$706,755,758$84,981,773$44,026,889$466,658,184
93$778,712,437$89,013,472$45,369,382$512,356,909
94$858,004,526$93,238,552$46,752,677$562,639,592
95$945,380,106$97,666,360$48,178,010$617,970,496
96$1,041,663,558$102,306,692$49,646,654$678,861,094
97$1,147,763,344$107,169,824$51,159,920$745,874,874
98$1,264,680,587$112,266,527$52,719,159$819,632,641
99$1,393,518,517$117,608,097$54,325,762$900,818,351
100$1,535,492,893$123,206,381$55,981,162$990,185,553