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%13.8%
1 years$594,569$589,273$584,106$579,063$574,138$565,092
2 years$294,341$288,859$283,547$278,396$273,399$264,309
3 years$194,278$188,773$183,473$178,371$173,456$164,604
4 years$144,257$138,768$133,522$128,506$123,710$115,165
5 years$114,251$108,796$103,618$98,705$94,042$85,829
6 years$94,255$88,840$83,739$78,935$74,413$66,540
7 years$79,977$74,608$69,587$64,897$60,517$52,988
8 years$69,273$63,953$59,016$54,440$50,205$43,018
9 years$60,953$55,682$50,830$46,371$42,280$35,431
10 years$54,300$49,081$44,315$39,972$36,025$29,509
11 years$48,860$43,694$39,014$34,788$30,982$24,793
12 years$44,331$39,217$34,624$30,514$26,849$20,977
13 years$40,501$35,441$30,934$26,939$23,413$17,851
14 years$37,221$32,215$27,795$23,913$20,523$15,263
15 years$34,381$29,429$25,095$21,327$18,070$13,101
16 years$31,899$27,000$22,752$19,096$15,971$11,283
17 years$29,711$24,866$20,704$17,157$14,161$9,743
18 years$27,768$22,978$18,900$15,462$12,591$8,434
19 years$26,031$21,296$17,302$13,971$11,223$7,315
20 years$24,471$19,789$15,879$12,654$10,024$6,356
21 years$23,060$18,433$14,605$11,484$8,971$5,531
22 years$21,780$17,206$13,461$10,442$8,041$4,818
23 years$20,613$16,092$12,429$9,509$7,218$4,203
24 years$19,544$15,078$11,495$8,673$6,488$3,669
25 years$18,563$14,150$10,646$7,921$5,838$3,206
26 years$17,658$13,298$9,874$7,242$5,259$2,803
27 years$16,822$12,515$9,169$6,629$4,741$2,452
28 years$16,047$11,793$8,524$6,074$4,278$2,147
29 years$15,327$11,125$7,932$5,570$3,863$1,880
30 years$14,656$10,507$7,388$5,112$3,490$1,647
31 years$14,030$9,932$6,888$4,695$3,156$1,444
32 years$13,444$9,398$6,427$4,314$2,854$1,266
33 years$12,894$8,900$6,000$3,968$2,583$1,110
34 years$12,378$8,435$5,606$3,650$2,339$974
35 years$11,893$8,001$5,242$3,360$2,118$855
36 years$11,435$7,594$4,903$3,095$1,919$750
37 years$11,004$7,212$4,590$2,852$1,740$658
38 years$10,596$6,854$4,298$2,628$1,577$578
39 years$10,209$6,518$4,027$2,423$1,430$507
40 years$9,844$6,201$3,774$2,235$1,297$445
41 years$9,496$5,903$3,539$2,062$1,177$391
42 years$9,167$5,622$3,320$1,903$1,068$344
43 years$8,853$5,356$3,115$1,757$969$302
44 years$8,555$5,106$2,924$1,622$880$265
45 years$8,270$4,869$2,746$1,498$799$233
46 years$7,999$4,645$2,579$1,384$725$204
47 years$7,740$4,432$2,423$1,279$658$180
48 years$7,493$4,231$2,277$1,181$598$158
49 years$7,256$4,041$2,140$1,092$543$139
50 years$7,030$3,860$2,012$1,009$493$122

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 $4,583 every year, while hoping to spend $21,084 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: 66/16/18 Blend
50$7,200,000$7,200,000$7,200,000$7,200,000
51$7,939,127$7,557,527$7,445,927$8,427,524
52$8,726,485$7,905,413$7,672,933$9,103,009
53$9,593,447$8,269,638$7,906,836$9,838,269
54$10,548,110$8,650,982$8,147,846$10,641,514
55$11,599,396$9,050,259$8,396,179$11,519,408
56$12,757,138$9,468,326$8,652,054$12,479,289
57$14,032,170$9,906,078$8,915,702$13,529,229
58$15,436,430$10,364,454$9,187,357$14,678,112
59$16,983,074$10,844,440$9,467,261$15,935,717
60$18,686,597$11,347,067$9,755,663$17,312,808
61$20,562,973$11,873,417$10,052,822$18,821,230
62$22,629,806$12,424,624$10,359,001$20,474,028
63$24,906,493$13,001,877$10,674,474$22,285,560
64$27,414,407$13,606,421$10,999,521$24,271,632
65$30,177,104$14,239,563$11,334,432$26,449,649
66$33,220,538$14,902,671$11,679,505$28,838,776
67$36,573,311$15,597,180$12,035,046$31,460,111
68$40,266,942$16,324,595$12,401,374$34,336,891
69$44,336,163$17,086,493$12,778,812$37,494,703
70$48,819,246$17,884,526$13,167,698$40,961,723
71$53,758,370$18,720,428$13,568,376$44,768,983
72$59,200,010$19,596,016$13,981,203$48,950,657
73$65,195,384$20,513,193$14,406,546$53,544,384
74$71,800,930$21,473,957$14,844,783$58,591,620
75$79,078,844$22,480,400$15,296,302$64,138,023
76$87,097,663$23,534,717$15,761,505$70,233,886
77$95,932,915$24,639,207$16,240,805$76,934,604
78$105,667,827$25,796,284$16,734,627$84,301,194
79$116,394,118$27,008,474$17,243,410$92,400,871
80$128,212,858$28,278,429$17,767,604$101,307,675
81$141,235,425$29,608,928$18,307,675$111,103,166
82$155,584,557$31,002,884$18,864,100$121,877,191
83$171,395,509$32,463,353$19,437,375$133,728,729
84$188,817,330$33,993,536$20,028,006$146,766,819
85$208,014,270$35,596,791$20,636,516$161,111,584
86$229,167,332$37,276,640$21,263,446$176,895,362
87$252,475,977$39,036,773$21,909,349$194,263,949
88$278,160,012$40,881,060$22,574,797$213,377,970
89$306,461,661$42,813,559$23,260,380$234,414,389
90$337,647,851$44,838,525$23,966,704$257,568,177
91$372,012,736$46,960,417$24,694,393$283,054,143
92$409,880,471$49,183,913$25,444,091$311,108,954
93$451,608,272$51,513,918$26,216,461$341,993,368
94$497,589,788$53,955,572$27,012,184$375,994,685
95$548,258,819$56,514,268$27,831,965$413,429,451
96$604,093,410$59,195,658$28,676,527$454,646,442
97$665,620,363$62,005,671$29,546,616$500,029,945
98$733,420,212$64,950,521$30,443,000$550,003,381
99$808,132,703$68,036,726$31,366,470$605,033,290
100$890,462,833$71,271,119$32,317,840$665,633,731