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%17.2%
1 years$602,827$597,458$592,219$587,105$582,112$565,063
2 years$298,429$292,871$287,485$282,262$277,196$260,158
3 years$196,977$191,395$186,022$180,848$175,865$159,371
4 years$146,260$140,695$135,376$130,291$125,428$109,606
5 years$115,838$110,307$105,057$100,076$95,349$80,240
6 years$95,564$90,074$84,902$80,031$75,446$61,065
7 years$81,087$75,644$70,554$65,798$61,358$47,705
8 years$70,235$64,841$59,835$55,197$50,902$37,969
9 years$61,799$56,456$51,536$47,015$42,867$30,640
10 years$55,054$49,763$44,930$40,528$36,525$24,987
11 years$49,539$44,301$39,556$35,271$31,413$20,545
12 years$44,947$39,762$35,105$30,938$27,221$17,002
13 years$41,064$35,933$31,364$27,313$23,738$14,144
14 years$37,738$32,662$28,181$24,246$20,808$11,816
15 years$34,859$29,838$25,443$21,623$18,321$9,905
16 years$32,342$27,376$23,068$19,361$16,192$8,327
17 years$30,123$25,212$20,991$17,396$14,357$7,017
18 years$28,153$23,297$19,162$15,677$12,766$5,924
19 years$26,393$21,591$17,542$14,165$11,378$5,010
20 years$24,810$20,064$16,099$12,830$10,163$4,243
21 years$23,381$18,689$14,808$11,644$9,095$3,597
22 years$22,082$17,445$13,648$10,587$8,153$3,052
23 years$20,899$16,316$12,602$9,642$7,318$2,593
24 years$19,816$15,287$11,654$8,794$6,578$2,203
25 years$18,821$14,346$10,794$8,031$5,919$1,874
26 years$17,904$13,483$10,011$7,343$5,332$1,594
27 years$17,056$12,689$9,296$6,721$4,807$1,357
28 years$16,270$11,957$8,642$6,158$4,337$1,156
29 years$15,540$11,280$8,042$5,647$3,916$984
30 years$14,860$10,653$7,491$5,183$3,539$839
31 years$14,225$10,070$6,984$4,760$3,199$715
32 years$13,630$9,529$6,516$4,374$2,894$609
33 years$13,073$9,024$6,084$4,023$2,619$519
34 years$12,550$8,552$5,684$3,701$2,371$443
35 years$12,058$8,112$5,314$3,407$2,148$377
36 years$11,594$7,699$4,972$3,138$1,946$322
37 years$11,156$7,313$4,653$2,891$1,764$274
38 years$10,743$6,950$4,358$2,665$1,599$234
39 years$10,351$6,608$4,083$2,457$1,450$200
40 years$9,980$6,287$3,827$2,266$1,315$170
41 years$9,628$5,985$3,588$2,091$1,193$145
42 years$9,294$5,700$3,366$1,930$1,083$124
43 years$8,976$5,431$3,158$1,781$983$106
44 years$8,673$5,177$2,965$1,645$892$90
45 years$8,385$4,936$2,784$1,519$810$77
46 years$8,110$4,709$2,615$1,403$735$66
47 years$7,848$4,494$2,456$1,296$668$56
48 years$7,597$4,290$2,308$1,198$606$48
49 years$7,357$4,097$2,170$1,107$551$41
50 years$7,127$3,913$2,040$1,023$500$35

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 $5,412 every year, while hoping to spend $45,983 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: 34/50/16 Blend
50$7,300,000$7,300,000$7,300,000$7,300,000
51$8,050,182$7,663,282$7,550,132$8,283,764
52$8,822,376$7,989,858$7,754,136$8,781,630
53$9,671,791$8,330,894$7,963,433$9,313,471
54$10,606,257$8,687,051$8,178,152$9,886,010
55$11,634,399$9,059,021$8,398,424$10,502,862
56$12,765,721$9,447,525$8,624,383$11,167,990
57$14,010,692$9,853,322$8,856,168$11,885,736
58$15,380,850$10,277,202$9,093,917$12,660,863
59$16,888,909$10,719,997$9,337,775$13,498,593
60$18,548,874$11,182,574$9,587,888$14,404,652
61$20,376,181$11,665,841$9,844,403$15,385,326
62$22,387,836$12,170,752$10,107,475$16,447,512
63$24,602,578$12,698,301$10,377,258$17,598,778
64$27,041,056$13,249,533$10,653,912$18,847,435
65$29,726,022$13,825,539$10,937,597$20,202,608
66$32,682,549$14,427,463$11,228,479$21,674,318
67$35,938,263$15,056,502$11,526,726$23,273,571
68$39,523,605$15,713,910$11,832,511$25,012,461
69$43,472,120$16,401,000$12,146,008$26,904,272
70$47,820,774$17,119,146$12,467,396$28,963,606
71$52,610,296$17,869,788$12,796,857$31,206,510
72$57,885,572$18,654,432$13,134,577$33,650,621
73$63,696,060$19,474,659$13,480,745$36,315,331
74$70,096,261$20,332,121$13,835,554$39,221,959
75$77,146,235$21,228,550$14,199,200$42,393,949
76$84,912,160$22,165,758$14,571,882$45,857,082
77$93,466,966$23,145,646$14,953,806$49,639,711
78$102,891,015$24,170,201$15,345,177$53,773,027
79$113,272,865$25,241,508$15,746,207$58,291,336
80$124,710,104$26,361,748$16,157,112$63,232,384
81$137,310,269$27,533,208$16,578,109$68,637,697
82$151,191,862$28,758,281$17,009,421$74,552,969
83$166,485,469$30,039,474$17,451,274$81,028,481
84$183,334,994$31,379,415$17,903,899$88,119,566
85$201,899,012$32,780,856$18,367,529$95,887,122
86$222,352,272$34,246,678$18,842,401$104,398,175
87$244,887,340$35,779,902$19,328,758$113,726,500
88$269,716,422$37,383,690$19,826,845$123,953,306
89$297,073,364$39,061,357$20,336,911$135,167,989
90$327,215,858$40,816,375$20,859,208$147,468,966
91$360,427,879$42,652,381$21,393,995$160,964,587
92$397,022,359$44,573,184$21,941,531$175,774,142
93$437,344,149$46,582,779$22,502,081$192,028,979
94$481,773,264$48,685,347$23,075,912$209,873,720
95$530,728,479$50,885,271$23,663,298$229,467,617
96$584,671,278$53,187,144$24,264,512$250,986,031
97$644,110,210$55,595,776$24,879,835$274,622,077
98$709,605,691$58,116,208$25,509,549$300,588,421
99$781,775,292$60,753,723$26,153,940$329,119,275
100$861,299,572$63,513,856$26,813,297$360,472,580