Can I retire at age 51 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$586,311$581,089$575,993$571,020$566,164$561,186
2 years$290,253$284,847$279,608$274,529$269,602$264,586
3 years$191,580$186,151$180,925$175,893$171,047$166,147
4 years$142,253$136,841$131,667$126,721$121,992$117,248
5 years$112,665$107,285$102,179$97,334$92,736$88,161
6 years$92,945$87,606$82,576$77,839$73,379$68,978
7 years$78,866$73,571$68,621$63,996$59,677$55,452
8 years$68,311$63,064$58,196$53,684$49,508$45,460
9 years$60,106$54,909$50,124$45,727$41,693$37,820
10 years$53,546$48,399$43,699$39,417$35,524$31,824
11 years$48,182$43,087$38,472$34,305$30,552$27,022
12 years$43,715$38,673$34,143$30,090$26,476$23,113
13 years$39,939$34,949$30,505$26,565$23,087$19,887
14 years$36,704$31,768$27,409$23,581$20,238$17,197
15 years$33,904$29,020$24,746$21,030$17,819$14,933
16 years$31,456$26,625$22,436$18,830$15,749$13,012
17 years$29,298$24,521$20,416$16,919$13,964$11,372
18 years$27,382$22,659$18,637$15,247$12,416$9,965
19 years$25,670$21,000$17,061$13,777$11,067$8,750
20 years$24,131$19,514$15,658$12,478$9,885$7,699
21 years$22,740$18,177$14,402$11,325$8,846$6,785
22 years$21,477$16,967$13,274$10,297$7,929$5,988
23 years$20,326$15,869$12,256$9,377$7,118$5,291
24 years$19,273$14,868$11,335$8,553$6,398$4,681
25 years$18,305$13,953$10,498$7,811$5,757$4,145
26 years$17,413$13,114$9,737$7,142$5,186$3,673
27 years$16,589$12,341$9,041$6,537$4,675$3,258
28 years$15,824$11,629$8,405$5,989$4,218$2,891
29 years$15,114$10,971$7,822$5,492$3,809$2,567
30 years$14,453$10,361$7,286$5,041$3,442$2,281
31 years$13,835$9,794$6,792$4,629$3,112$2,027
32 years$13,257$9,268$6,337$4,255$2,815$1,803
33 years$12,715$8,777$5,917$3,912$2,547$1,603
34 years$12,206$8,318$5,529$3,600$2,306$1,427
35 years$11,728$7,890$5,169$3,314$2,089$1,270
36 years$11,276$7,488$4,835$3,052$1,893$1,130
37 years$10,851$7,112$4,526$2,812$1,715$1,007
38 years$10,448$6,759$4,238$2,592$1,555$897
39 years$10,068$6,427$3,971$2,390$1,410$799
40 years$9,707$6,115$3,722$2,204$1,279$712
41 years$9,364$5,821$3,490$2,034$1,161$634
42 years$9,039$5,544$3,274$1,877$1,053$565
43 years$8,730$5,282$3,072$1,733$956$504
44 years$8,436$5,035$2,883$1,600$867$449
45 years$8,155$4,801$2,707$1,477$788$400
46 years$7,888$4,580$2,543$1,365$715$357
47 years$7,633$4,371$2,389$1,261$649$318
48 years$7,389$4,173$2,245$1,165$590$284
49 years$7,155$3,985$2,110$1,077$536$253
50 years$6,932$3,806$1,984$995$486$225

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,100,000, adding $3,084 every year, while hoping to spend $41,805 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: 61/32/7 Blend
50$7,100,000$7,100,000$7,100,000$7,100,000
51$7,827,381$7,451,081$7,341,031$8,293,733
52$8,581,294$7,771,704$7,542,475$8,926,553
53$9,410,704$8,106,636$7,749,267$9,611,602
54$10,323,270$8,456,535$7,961,541$10,357,973
55$11,327,426$8,822,088$8,179,435$11,171,579
56$12,432,468$9,204,015$8,403,091$12,058,920
57$13,648,639$9,603,070$8,632,653$13,027,144
58$14,987,222$10,020,043$8,868,270$14,084,113
59$16,460,654$10,455,760$9,110,092$15,238,475
60$18,082,635$10,911,086$9,358,274$16,499,741
61$19,868,262$11,386,928$9,612,974$17,878,376
62$21,834,170$11,884,233$9,874,355$19,385,893
63$23,998,691$12,403,996$10,142,581$21,034,959
64$26,382,022$12,947,257$10,417,823$22,839,514
65$29,006,420$13,515,104$10,700,251$24,814,898
66$31,896,410$14,108,679$10,990,045$26,977,991
67$35,079,016$14,729,176$11,287,383$29,347,375
68$38,584,017$15,377,847$11,592,451$31,943,502
69$42,444,226$16,056,001$11,905,438$34,788,882
70$46,695,803$16,765,011$12,226,536$37,908,298
71$51,378,591$17,506,313$12,555,942$41,329,030
72$56,536,499$18,281,414$12,893,857$45,081,113
73$62,217,908$19,091,889$13,240,487$49,197,616
74$68,476,133$19,939,390$13,596,042$53,714,948
75$75,369,925$20,825,647$13,960,736$58,673,198
76$82,964,025$21,752,471$14,334,788$64,116,510
77$91,329,773$22,721,759$14,718,421$70,093,495
78$100,545,785$23,735,501$15,111,864$76,657,683
79$110,698,692$24,795,778$15,515,348$83,868,026
80$121,883,959$25,904,771$15,929,113$91,789,446
81$134,206,784$27,064,766$16,353,399$100,493,446
82$147,783,093$28,278,156$16,788,455$110,058,774
83$162,740,633$29,547,450$17,234,532$120,572,164
84$179,220,177$30,875,275$17,691,889$132,129,149
85$197,376,855$32,264,384$18,160,787$144,834,953
86$217,381,615$33,717,659$18,641,494$158,805,478
87$239,422,839$35,238,123$19,134,283$174,168,392
88$263,708,118$36,828,941$19,639,432$191,064,326
89$290,466,217$38,493,430$20,157,223$209,648,194
90$319,949,228$40,235,065$20,687,947$230,090,645
91$352,434,953$42,057,487$21,231,897$252,579,667
92$388,229,526$43,964,511$21,789,373$277,322,352
93$427,670,300$45,960,135$22,360,680$304,546,841
94$471,129,036$48,048,547$22,946,128$334,504,466
95$519,015,409$50,234,137$23,546,035$367,472,116
96$571,780,875$52,521,504$24,160,721$403,754,837
97$629,922,935$54,915,468$24,790,515$443,688,701
98$693,989,827$57,421,079$25,435,750$487,643,964
99$764,585,707$60,043,630$26,096,766$536,028,553
100$842,376,348$62,788,666$26,773,906$589,291,902