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%17.4%
1 years$586,311$581,089$575,993$571,020$566,164$549,141
2 years$290,253$284,847$279,608$274,529$269,602$252,595
3 years$191,580$186,151$180,925$175,893$171,047$154,588
4 years$142,253$136,841$131,667$126,721$121,992$106,209
5 years$112,665$107,285$102,179$97,334$92,736$77,672
6 years$92,945$87,606$82,576$77,839$73,379$59,046
7 years$78,866$73,571$68,621$63,996$59,677$46,075
8 years$68,311$63,064$58,196$53,684$49,508$36,628
9 years$60,106$54,909$50,124$45,727$41,693$29,522
10 years$53,546$48,399$43,699$39,417$35,524$24,046
11 years$48,182$43,087$38,472$34,305$30,552$19,745
12 years$43,715$38,673$34,143$30,090$26,476$16,319
13 years$39,939$34,949$30,505$26,565$23,087$13,557
14 years$36,704$31,768$27,409$23,581$20,238$11,310
15 years$33,904$29,020$24,746$21,030$17,819$9,468
16 years$31,456$26,625$22,436$18,830$15,749$7,948
17 years$29,298$24,521$20,416$16,919$13,964$6,687
18 years$27,382$22,659$18,637$15,247$12,416$5,638
19 years$25,670$21,000$17,061$13,777$11,067$4,761
20 years$24,131$19,514$15,658$12,478$9,885$4,025
21 years$22,740$18,177$14,402$11,325$8,846$3,407
22 years$21,477$16,967$13,274$10,297$7,929$2,887
23 years$20,326$15,869$12,256$9,377$7,118$2,448
24 years$19,273$14,868$11,335$8,553$6,398$2,077
25 years$18,305$13,953$10,498$7,811$5,757$1,764
26 years$17,413$13,114$9,737$7,142$5,186$1,498
27 years$16,589$12,341$9,041$6,537$4,675$1,273
28 years$15,824$11,629$8,405$5,989$4,218$1,082
29 years$15,114$10,971$7,822$5,492$3,809$920
30 years$14,453$10,361$7,286$5,041$3,442$783
31 years$13,835$9,794$6,792$4,629$3,112$666
32 years$13,257$9,268$6,337$4,255$2,815$567
33 years$12,715$8,777$5,917$3,912$2,547$482
34 years$12,206$8,318$5,529$3,600$2,306$411
35 years$11,728$7,890$5,169$3,314$2,089$349
36 years$11,276$7,488$4,835$3,052$1,893$298
37 years$10,851$7,112$4,526$2,812$1,715$253
38 years$10,448$6,759$4,238$2,592$1,555$216
39 years$10,068$6,427$3,971$2,390$1,410$184
40 years$9,707$6,115$3,722$2,204$1,279$156
41 years$9,364$5,821$3,490$2,034$1,161$133
42 years$9,039$5,544$3,274$1,877$1,053$113
43 years$8,730$5,282$3,072$1,733$956$97
44 years$8,436$5,035$2,883$1,600$867$82
45 years$8,155$4,801$2,707$1,477$788$70
46 years$7,888$4,580$2,543$1,365$715$60
47 years$7,633$4,371$2,389$1,261$649$51
48 years$7,389$4,173$2,245$1,165$590$43
49 years$7,155$3,985$2,110$1,077$536$37
50 years$6,932$3,806$1,984$995$486$31

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 $6,909 every year, while hoping to spend $44,167 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: 56/25/19 Blend
50$7,100,000$7,100,000$7,100,000$7,100,000
51$7,831,327$7,455,027$7,344,977$8,229,706
52$8,583,129$7,773,330$7,544,040$8,820,320
53$9,410,134$8,105,749$7,748,292$9,458,079
54$10,319,967$8,452,930$7,957,859$10,151,871
55$11,321,028$8,815,548$8,172,872$10,907,083
56$12,422,573$9,194,310$8,393,463$11,729,637
57$13,634,799$9,589,955$8,619,768$12,626,050
58$14,968,944$10,003,258$8,851,925$13,603,485
59$16,437,389$10,435,030$9,090,077$14,669,823
60$18,053,776$10,886,120$9,334,368$15,833,736
61$19,833,137$11,357,416$9,584,945$17,104,760
62$21,792,036$11,849,848$9,841,960$18,493,394
63$23,948,724$12,364,391$10,105,566$20,011,184
64$26,323,313$12,902,065$10,375,921$21,670,841
65$28,937,961$13,463,937$10,653,185$23,486,351
66$31,817,088$14,051,125$10,937,522$25,473,110
67$34,987,602$14,664,800$11,229,099$27,648,062
68$38,479,150$15,306,189$11,528,087$30,029,860
69$42,324,405$15,976,573$11,834,659$32,639,036
70$46,559,368$16,677,299$12,148,994$35,498,196
71$51,223,710$17,409,773$12,471,272$38,632,226
72$56,361,147$18,175,471$12,801,678$42,068,527
73$62,019,849$18,975,934$13,140,400$45,837,269
74$68,252,900$19,812,782$13,487,630$49,971,672
75$75,118,794$20,687,706$13,843,563$54,508,315
76$82,681,988$21,602,480$14,208,399$59,487,483
77$91,013,511$22,558,962$14,582,341$64,953,535
78$100,191,636$23,559,098$14,965,596$70,955,327
79$110,302,614$24,604,925$15,358,375$77,546,660
80$121,441,492$25,698,577$15,760,892$84,786,794
81$133,713,007$26,842,291$16,173,365$92,740,993
82$147,232,579$28,038,408$16,596,017$101,481,143
83$162,127,393$29,289,381$17,029,075$111,086,420
84$178,537,607$30,597,781$17,472,769$121,644,038
85$196,617,669$31,966,298$17,927,333$133,250,062
86$216,537,778$33,397,753$18,393,005$146,010,313
87$238,485,489$34,895,101$18,870,029$160,041,356
88$262,667,483$36,461,435$19,358,649$175,471,600
89$289,311,520$38,099,999$19,859,117$192,442,498
90$318,668,585$39,814,189$20,371,688$211,109,880
91$351,015,260$41,607,564$20,896,619$231,645,416
92$386,656,335$43,483,853$21,434,174$254,238,225
93$425,927,681$45,446,961$21,984,618$279,096,659
94$469,199,424$47,500,983$22,548,223$306,450,256
95$516,879,440$49,650,205$23,125,263$336,551,904
96$569,417,200$51,899,123$23,716,017$369,680,214
97$627,308,018$54,252,443$24,320,767$406,142,144
98$691,097,722$56,715,099$24,939,799$446,275,887
99$761,387,811$59,292,260$25,573,403$490,454,052
100$838,841,130$61,989,343$26,221,875$539,087,173