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%18.5%
1 years$578,053$572,904$567,881$562,978$558,190$539,028
2 years$286,165$280,836$275,670$270,662$265,805$246,695
3 years$188,882$183,529$178,377$173,416$168,637$150,180
4 years$140,249$134,913$129,813$124,936$120,274$102,609
5 years$111,078$105,774$100,740$95,963$91,430$74,605
6 years$91,636$86,372$81,413$76,743$72,346$56,374
7 years$77,755$72,535$67,655$63,094$58,836$43,715
8 years$67,349$62,176$57,376$52,928$48,810$34,527
9 years$59,259$54,135$49,418$45,083$41,105$27,642
10 years$52,792$47,718$43,084$38,862$35,024$22,359
11 years$47,503$42,480$37,930$33,822$30,122$18,231
12 years$43,099$38,128$33,662$29,666$26,103$14,957
13 years$39,376$34,457$30,075$26,191$22,762$12,334
14 years$36,187$31,320$27,023$23,249$19,953$10,211
15 years$33,426$28,611$24,398$20,734$17,568$8,481
16 years$31,013$26,250$22,120$18,565$15,527$7,063
17 years$28,885$24,176$20,128$16,681$13,767$5,895
18 years$26,996$22,339$18,375$15,033$12,241$4,930
19 years$25,308$20,704$16,821$13,583$10,911$4,128
20 years$23,791$19,239$15,438$12,302$9,746$3,461
21 years$22,420$17,921$14,200$11,165$8,721$2,905
22 years$21,175$16,728$13,087$10,152$7,817$2,441
23 years$20,040$15,645$12,084$9,245$7,017$2,052
24 years$19,001$14,659$11,175$8,432$6,307$1,726
25 years$18,047$13,757$10,351$7,701$5,676$1,452
26 years$17,168$12,929$9,600$7,041$5,112$1,223
27 years$16,355$12,168$8,914$6,445$4,609$1,030
28 years$15,601$11,466$8,287$5,905$4,159$868
29 years$14,901$10,816$7,712$5,415$3,756$731
30 years$14,249$10,215$7,183$4,970$3,393$616
31 years$13,640$9,657$6,697$4,564$3,068$520
32 years$13,070$9,137$6,248$4,195$2,775$438
33 years$12,536$8,653$5,834$3,857$2,512$370
34 years$12,034$8,201$5,451$3,549$2,274$312
35 years$11,562$7,779$5,096$3,267$2,060$263
36 years$11,118$7,383$4,767$3,009$1,866$222
37 years$10,698$7,012$4,462$2,772$1,691$187
38 years$10,301$6,664$4,179$2,555$1,533$158
39 years$9,926$6,337$3,915$2,356$1,390$133
40 years$9,570$6,029$3,669$2,173$1,261$112
41 years$9,233$5,739$3,441$2,005$1,144$95
42 years$8,912$5,466$3,228$1,850$1,038$80
43 years$8,607$5,208$3,029$1,708$942$67
44 years$8,317$4,964$2,843$1,577$855$57
45 years$8,041$4,734$2,669$1,457$776$48
46 years$7,777$4,516$2,507$1,345$705$41
47 years$7,525$4,309$2,355$1,243$640$34
48 years$7,285$4,114$2,213$1,149$581$29
49 years$7,055$3,928$2,080$1,062$528$24
50 years$6,834$3,753$1,956$981$480$21

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 $3,199 every year, while hoping to spend $39,192 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: 60/25/15 Blend
50$7,000,000$7,000,000$7,000,000$7,000,000
51$7,717,300$7,346,300$7,237,800$8,151,027
52$8,462,764$7,664,568$7,438,566$8,762,049
53$9,282,953$7,997,119$7,644,745$9,423,635
54$10,185,446$8,344,609$7,856,475$10,144,422
55$11,178,595$8,707,729$8,073,901$10,930,137
56$12,271,604$9,087,200$8,297,169$11,787,076
57$13,474,613$9,483,778$8,526,429$12,722,166
58$14,798,795$9,898,255$8,761,836$13,743,026
59$16,256,461$10,331,458$9,003,547$14,858,037
60$17,861,177$10,784,257$9,251,723$16,076,424
61$19,627,891$11,257,559$9,506,529$17,408,332
62$21,573,073$11,752,317$9,768,135$18,864,928
63$23,714,872$12,269,526$10,036,713$20,458,501
64$26,073,288$12,810,231$10,312,442$22,202,575
65$28,670,356$13,375,525$10,595,501$24,112,036
66$31,530,359$13,966,553$10,886,077$26,203,267
67$34,680,054$14,584,513$11,184,360$28,494,307
68$38,148,927$15,230,662$11,490,543$31,005,008
69$41,969,468$15,906,314$11,804,826$33,757,230
70$46,177,478$16,612,848$12,127,413$36,775,039
71$50,812,409$17,351,706$12,458,510$40,084,929
72$55,917,736$18,124,400$12,798,331$43,716,077
73$61,541,363$18,932,515$13,147,093$47,700,606
74$67,736,082$19,777,707$13,505,020$52,073,891
75$74,560,062$20,661,715$13,872,338$56,874,885
76$82,077,408$21,586,358$14,249,281$62,146,488
77$90,358,758$22,553,544$14,636,087$67,935,943
78$99,481,954$23,565,270$15,032,998$74,295,280
79$109,532,774$24,623,629$15,440,264$81,281,804
80$120,605,742$25,730,813$15,858,138$88,958,629
81$132,805,023$26,889,118$16,286,881$97,395,270
82$146,245,402$28,100,951$16,726,758$106,668,297
83$161,053,369$29,368,833$17,178,040$116,862,049
84$177,368,313$30,695,406$17,641,005$128,069,424
85$195,343,837$32,083,438$18,115,935$140,392,756
86$215,149,210$33,535,828$18,603,120$153,944,771
87$236,970,960$35,055,614$19,102,856$168,849,643
88$261,014,639$36,645,980$19,615,443$185,244,166
89$287,506,762$38,310,263$20,141,190$203,279,035
90$316,696,943$40,051,957$20,680,411$223,120,260
91$348,860,255$41,874,726$21,233,428$244,950,728
92$384,299,820$43,782,408$21,800,567$268,971,925
93$423,349,680$45,779,024$22,382,165$295,405,824
94$466,377,941$47,868,790$22,978,561$324,496,975
95$513,790,253$50,056,122$23,590,104$356,514,807
96$566,033,635$52,345,648$24,217,149$391,756,158
97$623,600,701$54,742,220$24,860,059$430,548,074
98$687,034,304$57,250,921$25,519,202$473,250,879
99$756,932,664$59,877,077$26,194,957$520,261,572
100$833,955,014$62,626,272$26,887,706$572,017,563