Can I retire at age 51 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$594,569$589,273$584,106$579,063$574,138$564,394
2 years$294,341$288,859$283,547$278,396$273,399$263,613
3 years$194,278$188,773$183,473$178,371$173,456$163,931
4 years$144,257$138,768$133,522$128,506$123,710$114,520
5 years$114,251$108,796$103,618$98,705$94,042$85,214
6 years$94,255$88,840$83,739$78,935$74,413$65,956
7 years$79,977$74,608$69,587$64,897$60,517$52,435
8 years$69,273$63,953$59,016$54,440$50,205$42,495
9 years$60,953$55,682$50,830$46,371$42,280$34,938
10 years$54,300$49,081$44,315$39,972$36,025$29,045
11 years$48,860$43,694$39,014$34,788$30,982$24,357
12 years$44,331$39,217$34,624$30,514$26,849$20,569
13 years$40,501$35,441$30,934$26,939$23,413$17,469
14 years$37,221$32,215$27,795$23,913$20,523$14,906
15 years$34,381$29,429$25,095$21,327$18,070$12,769
16 years$31,899$27,000$22,752$19,096$15,971$10,973
17 years$29,711$24,866$20,704$17,157$14,161$9,456
18 years$27,768$22,978$18,900$15,462$12,591$8,168
19 years$26,031$21,296$17,302$13,971$11,223$7,069
20 years$24,471$19,789$15,879$12,654$10,024$6,128
21 years$23,060$18,433$14,605$11,484$8,971$5,320
22 years$21,780$17,206$13,461$10,442$8,041$4,624
23 years$20,613$16,092$12,429$9,509$7,218$4,024
24 years$19,544$15,078$11,495$8,673$6,488$3,505
25 years$18,563$14,150$10,646$7,921$5,838$3,055
26 years$17,658$13,298$9,874$7,242$5,259$2,665
27 years$16,822$12,515$9,169$6,629$4,741$2,326
28 years$16,047$11,793$8,524$6,074$4,278$2,031
29 years$15,327$11,125$7,932$5,570$3,863$1,775
30 years$14,656$10,507$7,388$5,112$3,490$1,551
31 years$14,030$9,932$6,888$4,695$3,156$1,356
32 years$13,444$9,398$6,427$4,314$2,854$1,186
33 years$12,894$8,900$6,000$3,968$2,583$1,038
34 years$12,378$8,435$5,606$3,650$2,339$908
35 years$11,893$8,001$5,242$3,360$2,118$795
36 years$11,435$7,594$4,903$3,095$1,919$696
37 years$11,004$7,212$4,590$2,852$1,740$609
38 years$10,596$6,854$4,298$2,628$1,577$533
39 years$10,209$6,518$4,027$2,423$1,430$467
40 years$9,844$6,201$3,774$2,235$1,297$409
41 years$9,496$5,903$3,539$2,062$1,177$358
42 years$9,167$5,622$3,320$1,903$1,068$314
43 years$8,853$5,356$3,115$1,757$969$275
44 years$8,555$5,106$2,924$1,622$880$241
45 years$8,270$4,869$2,746$1,498$799$211
46 years$7,999$4,645$2,579$1,384$725$185
47 years$7,740$4,432$2,423$1,279$658$162
48 years$7,493$4,231$2,277$1,181$598$142
49 years$7,256$4,041$2,140$1,092$543$124
50 years$7,030$3,860$2,012$1,009$493$109

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,200,000, adding $5,012 every year, while hoping to spend $26,677 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: 42/50/8 Blend
50$7,200,000$7,200,000$7,200,000$7,200,000
51$7,939,570$7,557,970$7,446,370$8,254,210
52$8,721,022$7,899,926$7,667,439$8,815,880
53$9,581,288$8,257,744$7,895,020$9,420,601
54$10,528,379$8,632,173$8,129,303$10,074,775
55$11,571,122$9,023,998$8,370,483$10,782,918
56$12,719,243$9,434,041$8,618,761$11,549,978
57$13,983,460$9,863,164$8,874,344$12,381,386
58$15,375,584$10,312,269$9,137,445$13,283,099
59$16,908,627$10,782,304$9,408,283$14,261,654
60$18,596,930$11,274,260$9,687,084$15,324,228
61$20,456,294$11,789,176$9,974,078$16,478,698
62$22,504,131$12,328,140$10,269,504$17,733,714
63$24,759,628$12,892,295$10,573,608$19,098,776
64$27,243,928$13,482,835$10,886,642$20,584,318
65$29,980,330$14,101,015$11,208,866$22,201,802
66$32,994,506$14,748,148$11,540,546$23,963,821
67$36,314,748$15,425,609$11,881,956$25,884,215
68$39,972,231$16,134,843$12,233,381$27,978,193
69$44,001,309$16,877,361$12,595,109$30,262,472
70$48,439,838$17,654,747$12,967,441$32,755,431
71$53,329,534$18,468,662$13,350,683$35,477,272
72$58,716,368$19,320,848$13,745,152$38,450,213
73$64,650,996$20,213,128$14,151,173$41,698,684
74$71,189,242$21,147,415$14,569,081$45,249,551
75$78,392,619$22,125,713$14,999,220$49,132,368
76$86,328,916$23,150,123$15,441,944$53,379,639
77$95,072,834$24,222,847$15,897,617$58,027,124
78$104,706,689$25,346,193$16,366,614$63,114,166
79$115,321,196$26,522,581$16,849,320$68,684,049
80$127,016,316$27,754,546$17,346,130$74,784,405
81$139,902,208$29,044,746$17,857,453$81,467,647
82$154,100,263$30,395,968$18,383,708$88,791,455
83$169,744,252$31,811,134$18,925,325$96,819,313
84$186,981,591$33,293,304$19,482,748$105,621,092
85$205,974,725$34,845,688$20,056,432$115,273,701
86$226,902,671$36,471,650$20,646,846$125,861,799
87$249,962,701$38,174,719$21,254,473$137,478,581
88$275,372,207$39,958,590$21,879,808$150,226,645
89$303,370,751$41,827,141$22,523,362$164,218,947
90$334,222,331$43,784,433$23,185,657$179,579,847
91$368,217,866$45,834,728$23,867,234$196,446,277
92$405,677,948$47,982,490$24,568,646$214,969,005
93$446,955,868$50,232,401$25,290,465$235,314,052
94$492,440,947$52,589,368$26,033,276$257,664,234
95$542,562,214$55,058,538$26,797,681$282,220,873
96$597,792,458$57,645,305$27,584,302$309,205,673
97$658,652,687$60,355,323$28,393,774$338,862,798
98$725,717,049$63,194,522$29,226,754$371,461,151
99$799,618,253$66,169,119$30,083,915$407,296,891
100$881,053,539$69,285,629$30,965,950$446,696,204