Can I retire at age 51 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$602,827$597,458$592,219$587,105$582,112$570,126
2 years$298,429$292,871$287,485$282,262$277,196$265,175
3 years$196,977$191,395$186,022$180,848$175,865$164,183
4 years$146,260$140,695$135,376$130,291$125,428$114,176
5 years$115,838$110,307$105,057$100,076$95,349$84,559
6 years$95,564$90,074$84,902$80,031$75,446$65,129
7 years$81,087$75,644$70,554$65,798$61,358$51,517
8 years$70,235$64,841$59,835$55,197$50,902$41,534
9 years$61,799$56,456$51,536$47,015$42,867$33,965
10 years$55,054$49,763$44,930$40,528$36,525$28,080
11 years$49,539$44,301$39,556$35,271$31,413$23,414
12 years$44,947$39,762$35,105$30,938$27,221$19,658
13 years$41,064$35,933$31,364$27,313$23,738$16,597
14 years$37,738$32,662$28,181$24,246$20,808$14,076
15 years$34,859$29,838$25,443$21,623$18,321$11,982
16 years$32,342$27,376$23,068$19,361$16,192$10,232
17 years$30,123$25,212$20,991$17,396$14,357$8,761
18 years$28,153$23,297$19,162$15,677$12,766$7,518
19 years$26,393$21,591$17,542$14,165$11,378$6,463
20 years$24,810$20,064$16,099$12,830$10,163$5,565
21 years$23,381$18,689$14,808$11,644$9,095$4,799
22 years$22,082$17,445$13,648$10,587$8,153$4,142
23 years$20,899$16,316$12,602$9,642$7,318$3,579
24 years$19,816$15,287$11,654$8,794$6,578$3,096
25 years$18,821$14,346$10,794$8,031$5,919$2,679
26 years$17,904$13,483$10,011$7,343$5,332$2,320
27 years$17,056$12,689$9,296$6,721$4,807$2,011
28 years$16,270$11,957$8,642$6,158$4,337$1,743
29 years$15,540$11,280$8,042$5,647$3,916$1,512
30 years$14,860$10,653$7,491$5,183$3,539$1,311
31 years$14,225$10,070$6,984$4,760$3,199$1,138
32 years$13,630$9,529$6,516$4,374$2,894$988
33 years$13,073$9,024$6,084$4,023$2,619$858
34 years$12,550$8,552$5,684$3,701$2,371$745
35 years$12,058$8,112$5,314$3,407$2,148$647
36 years$11,594$7,699$4,972$3,138$1,946$562
37 years$11,156$7,313$4,653$2,891$1,764$488
38 years$10,743$6,950$4,358$2,665$1,599$424
39 years$10,351$6,608$4,083$2,457$1,450$369
40 years$9,980$6,287$3,827$2,266$1,315$320
41 years$9,628$5,985$3,588$2,091$1,193$279
42 years$9,294$5,700$3,366$1,930$1,083$242
43 years$8,976$5,431$3,158$1,781$983$210
44 years$8,673$5,177$2,965$1,645$892$183
45 years$8,385$4,936$2,784$1,519$810$159
46 years$8,110$4,709$2,615$1,403$735$138
47 years$7,848$4,494$2,456$1,296$668$120
48 years$7,597$4,290$2,308$1,198$606$104
49 years$7,357$4,097$2,170$1,107$551$91
50 years$7,127$3,913$2,040$1,023$500$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,300,000, adding $6,753 every year, while hoping to spend $59,356 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: 56/34/10 Blend
50$7,300,000$7,300,000$7,300,000$7,300,000
51$8,051,566$7,664,666$7,551,516$8,482,374
52$8,809,671$7,977,080$7,741,337$9,086,668
53$9,643,114$8,302,813$7,935,528$9,737,401
54$10,559,516$8,642,455$8,134,173$10,444,756
55$11,567,274$8,996,623$8,337,355$11,214,144
56$12,675,640$9,365,962$8,545,161$12,051,512
57$13,894,808$9,751,146$8,757,676$12,963,402
58$15,236,007$10,152,882$8,974,987$13,957,004
59$16,711,613$10,571,906$9,197,182$15,040,227
60$18,335,258$11,008,990$9,424,349$16,221,771
61$20,121,966$11,464,943$9,656,576$17,511,201
62$22,088,289$11,940,606$9,893,953$18,919,044
63$24,252,463$12,436,865$10,136,570$20,456,878
64$26,634,585$12,954,642$10,384,515$22,137,445
65$29,256,797$13,494,904$10,637,881$23,974,762
66$32,143,498$14,058,662$10,896,757$25,984,257
67$35,321,571$14,646,972$11,161,235$28,182,907
68$38,820,640$15,260,943$11,431,405$30,589,397
69$42,673,346$15,901,730$11,707,358$33,224,294
70$46,915,658$16,570,545$11,989,185$36,110,236
71$51,587,208$17,268,655$12,276,976$39,272,143
72$56,731,671$17,997,387$12,570,823$42,737,449
73$62,397,170$18,758,128$12,870,814$46,536,357
74$68,636,735$19,552,329$13,177,039$50,702,119
75$75,508,799$20,381,510$13,489,587$55,271,349
76$83,077,753$21,247,261$13,808,545$60,284,358
77$91,414,554$22,151,247$14,134,001$65,785,539
78$100,597,388$23,095,208$14,466,040$71,823,772
79$110,712,416$24,080,967$14,804,747$78,452,888
80$121,854,581$25,110,433$15,150,204$85,732,168
81$134,128,505$26,185,601$15,502,493$93,726,896
82$147,649,480$27,308,563$15,861,694$102,508,976
83$162,544,550$28,481,506$16,227,884$112,157,599
84$178,953,714$29,706,720$16,601,138$122,759,984
85$197,031,246$30,986,602$16,981,529$134,412,201
86$216,947,151$32,323,662$17,369,127$147,220,065
87$238,888,767$33,720,528$17,764,000$161,300,132
88$263,062,537$35,179,951$18,166,210$176,780,789
89$289,695,956$36,704,809$18,575,819$193,803,462
90$319,039,717$38,298,118$18,992,882$212,523,940
91$351,370,077$39,963,034$19,417,452$233,113,839
92$386,991,465$41,702,863$19,849,577$255,762,212
93$426,239,357$43,521,065$20,289,300$280,677,327
94$469,483,438$45,421,265$20,736,658$308,088,621
95$517,131,097$47,407,255$21,191,685$338,248,859
96$569,631,269$49,483,010$21,654,406$371,436,508
97$627,478,671$51,652,690$22,124,841$407,958,355
98$691,218,476$53,920,653$22,603,004$448,152,393
99$761,451,456$56,291,460$23,088,900$492,390,998
100$838,839,654$58,769,891$23,582,528$541,084,436