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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.2%
1 years$602,827$597,458$592,219$587,105$582,112$576,753
2 years$298,429$292,871$287,485$282,262$277,196$271,797
3 years$196,977$191,395$186,022$180,848$175,865$170,592
4 years$146,260$140,695$135,376$130,291$125,428$120,324
5 years$115,838$110,307$105,057$100,076$95,349$90,427
6 years$95,564$90,074$84,902$80,031$75,446$70,713
7 years$81,087$75,644$70,554$65,798$61,358$56,815
8 years$70,235$64,841$59,835$55,197$50,902$46,551
9 years$61,799$56,456$51,536$47,015$42,867$38,705
10 years$55,054$49,763$44,930$40,528$36,525$32,549
11 years$49,539$44,301$39,556$35,271$31,413$27,621
12 years$44,947$39,762$35,105$30,938$27,221$23,610
13 years$41,064$35,933$31,364$27,313$23,738$20,302
14 years$37,738$32,662$28,181$24,246$20,808$17,544
15 years$34,859$29,838$25,443$21,623$18,321$15,224
16 years$32,342$27,376$23,068$19,361$16,192$13,256
17 years$30,123$25,212$20,991$17,396$14,357$11,578
18 years$28,153$23,297$19,162$15,677$12,766$10,138
19 years$26,393$21,591$17,542$14,165$11,378$8,896
20 years$24,810$20,064$16,099$12,830$10,163$7,821
21 years$23,381$18,689$14,808$11,644$9,095$6,887
22 years$22,082$17,445$13,648$10,587$8,153$6,074
23 years$20,899$16,316$12,602$9,642$7,318$5,363
24 years$19,816$15,287$11,654$8,794$6,578$4,741
25 years$18,821$14,346$10,794$8,031$5,919$4,194
26 years$17,904$13,483$10,011$7,343$5,332$3,714
27 years$17,056$12,689$9,296$6,721$4,807$3,292
28 years$16,270$11,957$8,642$6,158$4,337$2,919
29 years$15,540$11,280$8,042$5,647$3,916$2,590
30 years$14,860$10,653$7,491$5,183$3,539$2,299
31 years$14,225$10,070$6,984$4,760$3,199$2,042
32 years$13,630$9,529$6,516$4,374$2,894$1,814
33 years$13,073$9,024$6,084$4,023$2,619$1,612
34 years$12,550$8,552$5,684$3,701$2,371$1,433
35 years$12,058$8,112$5,314$3,407$2,148$1,275
36 years$11,594$7,699$4,972$3,138$1,946$1,134
37 years$11,156$7,313$4,653$2,891$1,764$1,009
38 years$10,743$6,950$4,358$2,665$1,599$898
39 years$10,351$6,608$4,083$2,457$1,450$799
40 years$9,980$6,287$3,827$2,266$1,315$711
41 years$9,628$5,985$3,588$2,091$1,193$633
42 years$9,294$5,700$3,366$1,930$1,083$564
43 years$8,976$5,431$3,158$1,781$983$502
44 years$8,673$5,177$2,965$1,645$892$447
45 years$8,385$4,936$2,784$1,519$810$398
46 years$8,110$4,709$2,615$1,403$735$355
47 years$7,848$4,494$2,456$1,296$668$316
48 years$7,597$4,290$2,308$1,198$606$281
49 years$7,357$4,097$2,170$1,107$551$251
50 years$7,127$3,913$2,040$1,023$500$223

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 $3,293 every year, while hoping to spend $50,287 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: 75/9/16 Blend
50$7,300,000$7,300,000$7,300,000$7,300,000
51$8,047,997$7,661,097$7,547,947$8,622,789
52$8,815,387$7,982,985$7,747,298$9,325,300
53$9,659,367$8,318,961$7,951,642$10,088,504
54$10,587,693$8,669,662$8,161,093$10,923,661
55$11,608,916$9,035,753$8,375,768$11,837,917
56$12,732,453$9,417,933$8,595,784$12,839,144
57$13,968,683$9,816,932$8,821,263$13,936,008
58$15,329,041$10,233,513$9,052,327$15,138,051
59$16,826,125$10,668,477$9,289,102$16,455,784
60$18,473,818$11,122,661$9,531,715$17,900,781
61$20,287,415$11,596,939$9,780,295$19,485,787
62$22,283,771$12,092,228$10,034,975$21,224,842
63$24,481,457$12,609,489$10,295,888$23,133,407
64$26,900,937$13,149,725$10,563,171$25,228,513
65$29,564,758$13,713,987$10,836,962$27,528,918
66$32,497,766$14,303,375$11,117,404$30,055,285
67$35,727,339$14,919,042$11,404,638$32,830,374
68$39,283,646$15,562,193$11,698,811$35,879,257
69$43,199,927$16,234,090$12,000,071$39,229,552
70$47,512,813$16,936,054$12,308,567$42,911,684
71$52,262,669$17,669,469$12,624,452$46,959,170
72$57,493,971$18,435,783$12,947,881$51,408,934
73$63,255,732$19,236,512$13,279,012$56,301,652
74$69,601,960$20,073,245$13,618,002$61,682,140
75$76,592,169$20,947,643$13,965,014$67,599,770
76$84,291,940$21,861,447$14,320,212$74,108,935
77$92,773,540$22,816,480$14,683,761$81,269,564
78$102,116,603$23,814,649$15,055,829$89,147,684
79$112,408,884$24,857,955$15,436,586$97,816,040
80$123,747,083$25,948,488$15,826,205$107,354,782
81$136,237,763$27,088,441$16,224,860$117,852,220
82$149,998,348$28,280,108$16,632,727$129,405,651
83$165,158,240$29,525,894$17,049,984$142,122,283
84$181,860,033$30,828,315$17,476,810$156,120,237
85$200,260,862$32,190,008$17,913,389$171,529,664
86$220,533,885$33,613,733$18,359,903$188,493,972
87$242,869,919$35,102,384$18,816,537$207,171,174
88$267,479,237$36,658,988$19,283,478$227,735,378
89$294,593,559$38,286,717$19,760,914$250,378,432
90$324,468,232$39,988,897$20,249,034$275,311,726
91$357,384,645$41,769,005$20,748,030$302,768,187
92$393,652,882$43,630,690$21,258,092$333,004,478
93$433,614,652$45,577,770$21,779,415$366,303,414
94$477,646,512$47,614,246$22,312,190$402,976,628
95$526,163,421$49,744,309$22,856,613$443,367,513
96$579,622,659$51,972,349$23,412,879$487,854,458
97$638,528,142$54,302,967$23,981,183$536,854,418
98$703,435,180$56,740,979$24,561,720$590,826,842
99$774,955,717$59,291,435$25,154,686$650,278,012
100$853,764,107$61,959,624$25,760,275$715,765,816