Can I retire at age 51 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$578,053$572,904$567,881$562,978$558,190$539,890
2 years$286,165$280,836$275,670$270,662$265,805$247,542
3 years$188,882$183,529$178,377$173,416$168,637$150,986
4 years$140,249$134,913$129,813$124,936$120,274$103,368
5 years$111,078$105,774$100,740$95,963$91,430$75,316
6 years$91,636$86,372$81,413$76,743$72,346$57,036
7 years$77,755$72,535$67,655$63,094$58,836$44,329
8 years$67,349$62,176$57,376$52,928$48,810$35,095
9 years$59,259$54,135$49,418$45,083$41,105$28,166
10 years$52,792$47,718$43,084$38,862$35,024$22,841
11 years$47,503$42,480$37,930$33,822$30,122$18,671
12 years$43,099$38,128$33,662$29,666$26,103$15,360
13 years$39,376$34,457$30,075$26,191$22,762$12,700
14 years$36,187$31,320$27,023$23,249$19,953$10,543
15 years$33,426$28,611$24,398$20,734$17,568$8,782
16 years$31,013$26,250$22,120$18,565$15,527$7,335
17 years$28,885$24,176$20,128$16,681$13,767$6,140
18 years$26,996$22,339$18,375$15,033$12,241$5,150
19 years$25,308$20,704$16,821$13,583$10,911$4,326
20 years$23,791$19,239$15,438$12,302$9,746$3,638
21 years$22,420$17,921$14,200$11,165$8,721$3,063
22 years$21,175$16,728$13,087$10,152$7,817$2,581
23 years$20,040$15,645$12,084$9,245$7,017$2,177
24 years$19,001$14,659$11,175$8,432$6,307$1,837
25 years$18,047$13,757$10,351$7,701$5,676$1,551
26 years$17,168$12,929$9,600$7,041$5,112$1,310
27 years$16,355$12,168$8,914$6,445$4,609$1,107
28 years$15,601$11,466$8,287$5,905$4,159$936
29 years$14,901$10,816$7,712$5,415$3,756$791
30 years$14,249$10,215$7,183$4,970$3,393$669
31 years$13,640$9,657$6,697$4,564$3,068$566
32 years$13,070$9,137$6,248$4,195$2,775$479
33 years$12,536$8,653$5,834$3,857$2,512$405
34 years$12,034$8,201$5,451$3,549$2,274$343
35 years$11,562$7,779$5,096$3,267$2,060$290
36 years$11,118$7,383$4,767$3,009$1,866$246
37 years$10,698$7,012$4,462$2,772$1,691$208
38 years$10,301$6,664$4,179$2,555$1,533$176
39 years$9,926$6,337$3,915$2,356$1,390$149
40 years$9,570$6,029$3,669$2,173$1,261$126
41 years$9,233$5,739$3,441$2,005$1,144$107
42 years$8,912$5,466$3,228$1,850$1,038$90
43 years$8,607$5,208$3,029$1,708$942$76
44 years$8,317$4,964$2,843$1,577$855$65
45 years$8,041$4,734$2,669$1,457$776$55
46 years$7,777$4,516$2,507$1,345$705$46
47 years$7,525$4,309$2,355$1,243$640$39
48 years$7,285$4,114$2,213$1,149$581$33
49 years$7,055$3,928$2,080$1,062$528$28
50 years$6,834$3,753$1,956$981$480$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,000,000, adding $4,118 every year, while hoping to spend $26,735 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: 58/28/14 Blend
50$7,000,000$7,000,000$7,000,000$7,000,000
51$7,718,248$7,347,248$7,238,748$8,138,274
52$8,477,063$7,678,817$7,452,800$8,754,174
53$9,312,382$8,025,737$7,673,127$9,421,922
54$10,231,979$8,388,732$7,899,910$10,149,196
55$11,244,421$8,768,561$8,133,338$10,941,720
56$12,359,149$9,166,017$8,373,602$11,805,790
57$13,586,565$9,581,935$8,620,900$12,748,329
58$14,938,131$10,017,186$8,875,437$13,776,948
59$16,426,477$10,472,685$9,137,421$14,900,019
60$18,065,521$10,949,390$9,407,068$16,126,750
61$19,870,600$11,448,305$9,684,600$17,467,271
62$21,858,612$11,970,483$9,970,245$18,932,724
63$24,048,179$12,517,026$10,264,237$20,535,371
64$26,459,822$13,089,089$10,566,818$22,288,701
65$29,116,152$13,687,883$10,878,235$24,207,559
66$32,042,087$14,314,676$11,198,743$26,308,280
67$35,265,084$14,970,800$11,528,605$28,608,842
68$38,815,400$15,657,646$11,868,091$31,129,034
69$42,726,377$16,376,677$12,217,478$33,890,634
70$47,034,755$17,129,421$12,577,051$36,917,617
71$51,781,022$17,917,485$12,947,104$40,236,375
72$57,009,792$18,742,548$13,327,938$43,875,962
73$62,770,231$19,606,373$13,719,864$47,868,364
74$69,116,516$20,510,807$14,123,201$52,248,798
75$76,108,350$21,457,785$14,538,277$57,056,040
76$83,811,522$22,449,337$14,965,430$62,332,784
77$92,298,531$23,487,588$15,405,006$68,126,045
78$101,649,270$24,574,769$15,857,362$74,487,592
79$111,951,777$25,713,214$16,322,865$81,474,436
80$123,303,069$26,905,373$16,801,892$89,149,360
81$135,810,058$28,153,812$17,294,831$97,581,507
82$149,590,557$29,461,222$17,802,082$106,847,029
83$164,774,396$30,830,423$18,324,053$117,029,793
84$181,504,642$32,264,372$18,861,166$128,222,173
85$199,938,956$33,766,166$19,413,856$140,525,913
86$220,251,076$35,339,055$19,982,567$154,053,077
87$242,632,461$36,986,444$20,567,758$168,927,104
88$267,294,093$38,711,902$21,169,899$185,283,964
89$294,468,476$40,519,170$21,789,476$203,273,432
90$324,411,823$42,412,171$22,426,986$223,060,495
91$357,406,479$44,395,018$23,082,940$244,826,897
92$393,763,587$46,472,021$23,757,866$268,772,851
93$433,826,022$48,647,699$24,452,303$295,118,915
94$477,971,629$50,926,789$25,166,808$324,108,066
95$526,616,792$53,314,259$25,901,953$356,007,980
96$580,220,361$55,815,314$26,658,325$391,113,550
97$639,287,987$58,435,413$27,436,528$429,749,660
98$704,376,893$61,180,280$28,237,183$472,274,235
99$776,101,136$64,055,913$29,060,928$519,081,610
100$855,137,402$67,068,603$29,908,420$570,606,239