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%13.1%
1 years$602,827$597,458$592,219$587,105$582,112$574,600
2 years$298,429$292,871$287,485$282,262$277,196$269,639
3 years$196,977$191,395$186,022$180,848$175,865$168,496
4 years$146,260$140,695$135,376$130,291$125,428$118,306
5 years$115,838$110,307$105,057$100,076$95,349$88,493
6 years$95,564$90,074$84,902$80,031$75,446$68,866
7 years$81,087$75,644$70,554$65,798$61,358$55,055
8 years$70,235$64,841$59,835$55,197$50,902$44,877
9 years$61,799$56,456$51,536$47,015$42,867$37,116
10 years$55,054$49,763$44,930$40,528$36,525$31,044
11 years$49,539$44,301$39,556$35,271$31,413$26,197
12 years$44,947$39,762$35,105$30,938$27,221$22,265
13 years$41,064$35,933$31,364$27,313$23,738$19,034
14 years$37,738$32,662$28,181$24,246$20,808$16,350
15 years$34,859$29,838$25,443$21,623$18,321$14,102
16 years$32,342$27,376$23,068$19,361$16,192$12,204
17 years$30,123$25,212$20,991$17,396$14,357$10,591
18 years$28,153$23,297$19,162$15,677$12,766$9,214
19 years$26,393$21,591$17,542$14,165$11,378$8,033
20 years$24,810$20,064$16,099$12,830$10,163$7,016
21 years$23,381$18,689$14,808$11,644$9,095$6,137
22 years$22,082$17,445$13,648$10,587$8,153$5,375
23 years$20,899$16,316$12,602$9,642$7,318$4,714
24 years$19,816$15,287$11,654$8,794$6,578$4,138
25 years$18,821$14,346$10,794$8,031$5,919$3,635
26 years$17,904$13,483$10,011$7,343$5,332$3,196
27 years$17,056$12,689$9,296$6,721$4,807$2,812
28 years$16,270$11,957$8,642$6,158$4,337$2,476
29 years$15,540$11,280$8,042$5,647$3,916$2,181
30 years$14,860$10,653$7,491$5,183$3,539$1,922
31 years$14,225$10,070$6,984$4,760$3,199$1,694
32 years$13,630$9,529$6,516$4,374$2,894$1,494
33 years$13,073$9,024$6,084$4,023$2,619$1,318
34 years$12,550$8,552$5,684$3,701$2,371$1,163
35 years$12,058$8,112$5,314$3,407$2,148$1,026
36 years$11,594$7,699$4,972$3,138$1,946$906
37 years$11,156$7,313$4,653$2,891$1,764$800
38 years$10,743$6,950$4,358$2,665$1,599$707
39 years$10,351$6,608$4,083$2,457$1,450$624
40 years$9,980$6,287$3,827$2,266$1,315$551
41 years$9,628$5,985$3,588$2,091$1,193$487
42 years$9,294$5,700$3,366$1,930$1,083$430
43 years$8,976$5,431$3,158$1,781$983$380
44 years$8,673$5,177$2,965$1,645$892$336
45 years$8,385$4,936$2,784$1,519$810$297
46 years$8,110$4,709$2,615$1,403$735$262
47 years$7,848$4,494$2,456$1,296$668$232
48 years$7,597$4,290$2,308$1,198$606$205
49 years$7,357$4,097$2,170$1,107$551$181
50 years$7,127$3,913$2,040$1,023$500$160

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 $6,497 every year, while hoping to spend $24,122 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: 36/35/29 Blend
50$7,300,000$7,300,000$7,300,000$7,300,000
51$8,051,302$7,664,402$7,551,252$8,270,895
52$8,846,869$8,014,292$7,778,553$8,785,158
53$9,722,775$8,380,518$8,012,660$9,337,324
54$10,687,190$8,763,855$8,253,777$9,932,989
55$11,749,116$9,165,116$8,502,110$10,576,082
56$12,918,470$9,585,151$8,757,875$11,270,918
57$14,206,183$10,024,853$9,021,293$12,022,224
58$15,624,299$10,485,156$9,292,591$12,835,192
59$17,186,089$10,967,040$9,572,005$13,715,515
60$18,906,177$11,471,531$9,859,774$14,669,445
61$20,800,677$11,999,707$10,156,147$15,703,844
62$22,887,348$12,552,695$10,461,380$16,826,248
63$25,185,757$13,131,676$10,775,735$18,044,933
64$27,717,467$13,737,891$11,099,485$19,368,990
65$30,506,238$14,372,637$11,432,907$20,808,404
66$33,578,253$15,037,275$11,776,289$22,374,150
67$36,962,367$15,733,233$12,129,926$24,078,286
68$40,690,372$16,462,006$12,494,122$25,934,066
69$44,797,306$17,225,160$12,869,191$27,956,059
70$49,321,778$18,024,339$13,255,455$30,160,283
71$54,306,332$18,861,265$13,653,247$32,564,346
72$59,797,854$19,737,743$14,062,906$35,187,616
73$65,848,008$20,655,665$14,484,787$38,051,387
74$72,513,727$21,617,015$14,919,249$41,179,084
75$79,857,750$22,623,871$15,366,666$44,596,472
76$87,949,213$23,678,414$15,827,422$48,331,893
77$96,864,303$24,782,927$16,301,912$52,416,529
78$106,686,978$25,939,806$16,790,541$56,884,690
79$117,509,754$27,151,561$17,293,729$61,774,125
80$129,434,586$28,420,824$17,811,906$67,126,379
81$142,573,824$29,750,354$18,345,515$72,987,168
82$157,051,277$31,143,045$18,895,012$79,406,808
83$173,003,380$32,601,927$19,460,868$86,440,681
84$190,580,483$34,130,180$20,043,566$94,149,745
85$209,948,269$35,731,136$20,643,602$102,601,103
86$231,289,320$37,408,289$21,261,490$111,868,624
87$254,804,838$39,165,302$21,897,757$122,033,634
88$280,716,544$41,006,014$22,552,945$133,185,666
89$309,268,775$42,934,453$23,227,612$145,423,298
90$340,730,787$44,954,838$23,922,334$158,855,072
91$375,399,297$47,071,595$24,637,702$173,600,504
92$413,601,285$49,289,362$25,374,325$189,791,200
93$455,697,081$51,613,005$26,132,829$207,572,082
94$502,083,764$54,047,624$26,913,860$227,102,747
95$553,198,914$56,598,564$27,718,081$248,558,953
96$609,524,743$59,271,433$28,546,175$272,134,267
97$671,592,641$62,072,107$29,398,847$298,041,871
98$739,988,200$65,006,750$30,276,818$326,516,560
99$815,356,740$68,081,824$31,180,835$357,816,942
100$898,409,397$71,304,104$32,111,663$392,227,856