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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.8%
1 years$586,311$581,089$575,993$571,020$566,164$561,890
2 years$290,253$284,847$279,608$274,529$269,602$265,293
3 years$191,580$186,151$180,925$175,893$171,047$166,836
4 years$142,253$136,841$131,667$126,721$121,992$117,912
5 years$112,665$107,285$102,179$97,334$92,736$88,799
6 years$92,945$87,606$82,576$77,839$73,379$69,590
7 years$78,866$73,571$68,621$63,996$59,677$56,037
8 years$68,311$63,064$58,196$53,684$49,508$46,018
9 years$60,106$54,909$50,124$45,727$41,693$38,351
10 years$53,546$48,399$43,699$39,417$35,524$32,330
11 years$48,182$43,087$38,472$34,305$30,552$27,502
12 years$43,715$38,673$34,143$30,090$26,476$23,568
13 years$39,939$34,949$30,505$26,565$23,087$20,318
14 years$36,704$31,768$27,409$23,581$20,238$17,604
15 years$33,904$29,020$24,746$21,030$17,819$15,317
16 years$31,456$26,625$22,436$18,830$15,749$13,374
17 years$29,298$24,521$20,416$16,919$13,964$11,713
18 years$27,382$22,659$18,637$15,247$12,416$10,285
19 years$25,670$21,000$17,061$13,777$11,067$9,051
20 years$24,131$19,514$15,658$12,478$9,885$7,981
21 years$22,740$18,177$14,402$11,325$8,846$7,049
22 years$21,477$16,967$13,274$10,297$7,929$6,235
23 years$20,326$15,869$12,256$9,377$7,118$5,522
24 years$19,273$14,868$11,335$8,553$6,398$4,896
25 years$18,305$13,953$10,498$7,811$5,757$4,346
26 years$17,413$13,114$9,737$7,142$5,186$3,860
27 years$16,589$12,341$9,041$6,537$4,675$3,432
28 years$15,824$11,629$8,405$5,989$4,218$3,053
29 years$15,114$10,971$7,822$5,492$3,809$2,717
30 years$14,453$10,361$7,286$5,041$3,442$2,420
31 years$13,835$9,794$6,792$4,629$3,112$2,156
32 years$13,257$9,268$6,337$4,255$2,815$1,922
33 years$12,715$8,777$5,917$3,912$2,547$1,714
34 years$12,206$8,318$5,529$3,600$2,306$1,529
35 years$11,728$7,890$5,169$3,314$2,089$1,364
36 years$11,276$7,488$4,835$3,052$1,893$1,218
37 years$10,851$7,112$4,526$2,812$1,715$1,087
38 years$10,448$6,759$4,238$2,592$1,555$971
39 years$10,068$6,427$3,971$2,390$1,410$867
40 years$9,707$6,115$3,722$2,204$1,279$774
41 years$9,364$5,821$3,490$2,034$1,161$692
42 years$9,039$5,544$3,274$1,877$1,053$618
43 years$8,730$5,282$3,072$1,733$956$552
44 years$8,436$5,035$2,883$1,600$867$494
45 years$8,155$4,801$2,707$1,477$788$441
46 years$7,888$4,580$2,543$1,365$715$394
47 years$7,633$4,371$2,389$1,261$649$352
48 years$7,389$4,173$2,245$1,165$590$315
49 years$7,155$3,985$2,110$1,077$536$282
50 years$6,932$3,806$1,984$995$486$252

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 $2,300 every year, while hoping to spend $32,030 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: 41/50/9 Blend
50$7,100,000$7,100,000$7,100,000$7,100,000
51$7,826,572$7,450,272$7,340,222$8,126,456
52$8,590,803$7,781,256$7,552,040$8,667,581
53$9,431,912$8,127,384$7,769,880$9,249,492
54$10,357,706$8,489,366$7,993,911$9,878,559
55$11,376,790$8,867,942$8,224,304$10,559,074
56$12,498,641$9,263,890$8,461,237$11,295,744
57$13,733,707$9,678,025$8,704,893$12,093,732
58$15,093,495$10,111,198$8,955,457$12,958,704
59$16,590,689$10,564,304$9,213,122$13,896,877
60$18,239,262$11,038,278$9,478,085$14,915,073
61$20,054,614$11,534,101$9,750,548$16,020,783
62$22,053,714$12,052,801$10,030,720$17,222,232
63$24,255,257$12,595,453$10,318,814$18,528,453
64$26,679,848$13,163,184$10,615,048$19,949,366
65$29,350,189$13,757,177$10,919,650$21,495,869
66$32,291,299$14,378,670$11,232,848$23,179,938
67$35,530,745$15,028,958$11,554,882$25,014,729
68$39,098,904$15,709,400$11,885,994$27,014,704
69$43,029,253$16,421,422$12,226,436$29,195,758
70$47,358,679$17,166,513$12,576,463$31,575,364
71$52,127,830$17,946,238$12,936,340$34,172,731
72$57,381,499$18,762,234$13,306,338$37,008,983
73$63,169,046$19,616,218$13,686,735$40,107,349
74$69,544,864$20,509,988$14,077,816$43,493,372
75$76,568,892$21,445,429$14,479,874$47,195,152
76$84,307,180$22,424,516$14,893,211$51,243,594
77$92,832,513$23,449,318$15,318,134$55,672,700
78$102,225,099$24,522,004$15,754,962$60,519,876
79$112,573,325$25,644,848$16,204,019$65,826,278
80$123,974,589$26,820,231$16,665,639$71,637,196
81$136,536,225$28,050,650$17,140,165$78,002,464
82$150,376,508$29,338,720$17,627,949$84,976,927
83$165,625,778$30,687,183$18,129,351$92,620,949
84$182,427,666$32,098,914$18,644,743$101,000,964
85$200,940,451$33,576,923$19,174,504$110,190,103
86$221,338,552$35,124,368$19,719,026$120,268,863
87$243,814,178$36,744,555$20,278,707$131,325,861
88$268,579,139$38,440,954$20,853,958$143,458,654
89$295,866,847$40,217,197$21,445,202$156,774,648
90$325,934,520$42,077,094$22,052,871$171,392,097
91$359,065,607$44,024,638$22,677,408$187,441,205
92$395,572,467$46,064,012$23,319,269$205,065,338
93$435,799,314$48,199,605$23,978,920$224,422,366
94$480,125,472$50,436,013$24,656,841$245,686,128
95$528,968,948$52,778,056$25,353,524$269,048,065
96$582,790,385$55,230,785$26,069,471$294,718,999
97$642,097,407$57,799,495$26,805,201$322,931,112
98$707,449,410$60,489,739$27,561,243$353,940,110
99$779,462,847$63,307,333$28,338,142$388,027,623
100$858,817,043$66,258,378$29,136,455$425,503,834