Can I retire at age 51 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$995,939
2 years$519,185$509,516$500,145$491,059$482,246$465,392
3 years$342,685$332,974$323,627$314,626$305,956$289,551
4 years$254,453$244,771$235,517$226,670$218,211$202,380
5 years$201,527$191,904$182,771$174,105$165,880$150,669
6 years$166,255$156,704$147,706$139,233$131,255$116,682
7 years$141,070$131,600$122,745$114,471$106,746$92,814
8 years$122,190$112,805$104,097$96,027$88,556$75,263
9 years$107,513$98,217$89,659$81,794$74,577$61,916
10 years$95,779$86,574$78,167$70,507$63,543$51,504
11 years$86,184$77,071$68,817$61,362$54,649$43,218
12 years$78,195$69,175$61,073$53,823$47,358$36,520
13 years$71,439$62,514$54,565$47,517$41,297$31,037
14 years$65,654$56,824$49,027$42,181$36,201$26,501
15 years$60,645$51,909$44,264$37,618$31,874$22,716
16 years$56,266$47,626$40,132$33,683$28,170$19,536
17 years$52,406$43,862$36,519$30,264$24,978$16,847
18 years$48,979$40,530$33,337$27,274$22,209$14,562
19 years$45,916$37,563$30,518$24,644$19,795$12,612
20 years$43,163$34,905$28,008$22,320$17,682$10,941
21 years$40,676$32,513$25,762$20,257$15,823$9,506
22 years$38,417$30,350$23,744$18,418$14,183$8,269
23 years$36,358$28,385$21,923$16,774$12,732$7,201
24 years$34,474$26,595$20,275$15,299$11,443$6,277
25 years$32,743$24,958$18,779$13,972$10,297$5,476
26 years$31,147$23,457$17,417$12,775$9,276$4,781
27 years$29,672$22,076$16,173$11,693$8,363$4,176
28 years$28,306$20,802$15,035$10,713$7,546$3,650
29 years$27,035$19,624$13,991$9,824$6,814$3,191
30 years$25,852$18,533$13,032$9,016$6,157$2,791
31 years$24,747$17,520$12,150$8,281$5,566$2,443
32 years$23,713$16,577$11,336$7,610$5,035$2,138
33 years$22,744$15,699$10,584$6,998$4,557$1,872
34 years$21,834$14,879$9,889$6,439$4,126$1,639
35 years$20,977$14,112$9,246$5,927$3,737$1,436
36 years$20,171$13,395$8,649$5,459$3,386$1,258
37 years$19,409$12,722$8,095$5,030$3,068$1,102
38 years$18,689$12,090$7,581$4,636$2,782$966
39 years$18,008$11,497$7,103$4,275$2,523$847
40 years$17,363$10,938$6,657$3,943$2,288$742
41 years$16,751$10,412$6,242$3,638$2,076$651
42 years$16,169$9,916$5,856$3,357$1,884$570
43 years$15,616$9,448$5,495$3,099$1,710$500
44 years$15,089$9,006$5,158$2,861$1,552$438
45 years$14,588$8,588$4,843$2,643$1,409$384
46 years$14,109$8,193$4,549$2,441$1,279$337
47 years$13,653$7,818$4,273$2,255$1,161$296
48 years$13,216$7,464$4,016$2,084$1,055$259
49 years$12,799$7,127$3,775$1,926$958$227
50 years$12,400$6,808$3,549$1,780$870$199

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $12,700,000, adding $2,400 every year, while hoping to spend $59,851 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: 34/39/27 Blend
50$12,700,000$12,700,000$12,700,000$12,700,000
51$13,997,876$13,324,776$13,127,926$14,359,149
52$15,361,978$13,914,009$13,504,030$15,220,419
53$16,863,213$14,530,108$13,890,728$16,142,987
54$18,515,504$15,174,327$14,288,311$17,136,698
55$20,334,195$15,847,979$14,697,079$18,207,921
56$22,336,191$16,552,438$15,117,340$19,363,640
57$24,540,120$17,289,145$15,549,408$20,611,511
58$26,966,507$18,059,607$15,993,608$21,959,933
59$29,637,969$18,865,407$16,450,272$23,418,119
60$32,579,428$19,708,198$16,919,742$24,996,179
61$35,818,345$20,589,715$17,402,369$26,705,210
62$39,384,980$21,511,774$17,898,512$28,557,393
63$43,312,676$22,476,279$18,408,540$30,566,103
64$47,638,176$23,485,224$18,932,833$32,746,029
65$52,401,966$24,540,696$19,471,779$35,113,304
66$57,648,661$25,644,884$20,025,778$37,685,649
67$63,427,422$26,800,081$20,595,239$40,482,538
68$69,792,422$28,008,689$21,180,583$43,525,367
69$76,803,358$29,273,223$21,782,241$46,837,655
70$84,526,010$30,596,321$22,400,656$50,445,250
71$93,032,867$31,980,745$23,036,283$54,376,570
72$102,403,808$33,429,390$23,689,586$58,662,858
73$112,726,855$34,945,288$24,361,046$63,338,468
74$124,099,005$36,531,618$25,051,152$68,441,181
75$136,627,146$38,191,710$25,760,408$74,012,548
76$150,429,063$39,929,052$26,489,330$80,098,274
77$165,634,554$41,747,302$27,238,448$86,748,634
78$182,386,649$43,650,290$28,008,307$94,018,940
79$200,842,964$45,642,031$28,799,462$101,970,044
80$221,177,190$47,726,734$29,612,487$110,668,906
81$243,580,726$49,908,807$30,447,969$120,189,208
82$268,264,492$52,192,870$31,306,507$130,612,035
83$295,460,915$54,583,766$32,188,721$142,026,628
84$325,426,128$57,086,570$33,095,242$154,531,205
85$358,442,380$59,706,599$34,026,720$168,233,879
86$394,820,708$62,449,428$34,983,821$183,253,655
87$434,903,868$65,320,897$35,967,226$199,721,536
88$479,069,570$68,327,129$36,977,636$217,781,744
89$527,734,048$71,474,540$38,015,768$237,593,058
90$581,355,982$74,769,854$39,082,358$259,330,294
91$640,440,836$78,220,120$40,178,160$283,185,933
92$705,545,620$81,832,725$41,303,948$309,371,914
93$777,284,157$85,615,412$42,460,514$338,121,614
94$856,332,871$89,576,297$43,648,670$369,692,022
95$943,437,174$93,723,885$44,869,251$404,366,143
96$1,039,418,503$98,067,094$46,123,109$442,455,639
97$1,145,182,077$102,615,268$47,411,119$484,303,744
98$1,261,725,436$107,378,203$48,734,179$530,288,476
99$1,390,147,863$112,366,168$50,093,207$580,826,173
100$1,531,660,761$117,589,926$51,489,145$636,375,388