Can I retire at age 51 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$611,085$605,642$600,331$595,148$590,086$571,197
2 years$302,517$296,883$291,423$286,129$280,994$262,137
3 years$199,675$194,016$188,570$183,325$178,274$160,042
4 years$148,264$142,623$137,231$132,076$127,146$109,679
5 years$117,425$111,818$106,497$101,447$96,655$79,998
6 years$96,873$91,308$86,065$81,128$76,480$60,648
7 years$82,198$76,680$71,520$66,700$62,198$47,191
8 years$71,197$65,729$60,655$55,953$51,600$37,405
9 years$62,646$57,229$52,242$47,659$43,454$30,056
10 years$55,808$50,444$45,546$41,083$37,025$24,404
11 years$50,218$44,908$40,098$35,754$31,843$19,975
12 years$45,562$40,307$35,586$31,361$27,594$16,454
13 years$41,626$36,426$31,794$27,687$24,063$13,623
14 years$38,255$33,110$28,567$24,578$21,093$11,326
15 years$35,336$30,246$25,792$21,919$18,572$9,447
16 years$32,785$27,751$23,384$19,626$16,414$7,902
17 years$30,536$25,557$21,279$17,634$14,554$6,625
18 years$28,539$23,616$19,425$15,892$12,941$5,564
19 years$26,754$21,887$17,782$14,360$11,534$4,681
20 years$25,150$20,339$16,320$13,005$10,303$3,943
21 years$23,701$18,945$15,011$11,803$9,220$3,325
22 years$22,385$17,684$13,835$10,732$8,264$2,806
23 years$21,185$16,540$12,774$9,774$7,418$2,370
24 years$20,087$15,496$11,814$8,914$6,668$2,003
25 years$19,078$14,543$10,942$8,141$6,000$1,694
26 years$18,149$13,668$10,148$7,444$5,405$1,433
27 years$17,289$12,863$9,423$6,813$4,873$1,213
28 years$16,493$12,121$8,760$6,242$4,397$1,027
29 years$15,753$11,434$8,152$5,724$3,970$870
30 years$15,063$10,799$7,594$5,254$3,587$737
31 years$14,419$10,208$7,079$4,825$3,243$624
32 years$13,817$9,659$6,605$4,434$2,934$529
33 years$13,252$9,147$6,167$4,078$2,655$448
34 years$12,722$8,670$5,762$3,752$2,404$380
35 years$12,223$8,223$5,387$3,454$2,177$322
36 years$11,753$7,805$5,040$3,181$1,973$273
37 years$11,309$7,413$4,717$2,931$1,788$232
38 years$10,890$7,045$4,417$2,701$1,621$196
39 years$10,493$6,699$4,139$2,491$1,470$166
40 years$10,117$6,373$3,879$2,297$1,333$141
41 years$9,760$6,067$3,637$2,120$1,210$120
42 years$9,421$5,778$3,412$1,956$1,098$102
43 years$9,099$5,505$3,202$1,806$996$86
44 years$8,792$5,248$3,005$1,667$904$73
45 years$8,500$5,004$2,822$1,540$821$62
46 years$8,221$4,774$2,650$1,422$745$53
47 years$7,955$4,556$2,490$1,314$677$45
48 years$7,701$4,349$2,340$1,214$615$38
49 years$7,458$4,153$2,199$1,122$558$32
50 years$7,225$3,967$2,068$1,037$507$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,400,000, adding $4,869 every year, while hoping to spend $27,233 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: 55/34/11 Blend
50$7,400,000$7,400,000$7,400,000$7,400,000
51$8,159,822$7,767,622$7,652,922$8,585,707
52$8,963,149$8,119,260$7,880,320$9,226,469
53$9,847,501$8,487,215$8,114,422$9,920,394
54$10,821,116$8,872,259$8,355,425$10,675,302
55$11,893,069$9,275,199$8,603,531$11,497,005
56$13,073,360$9,696,881$8,858,946$12,391,890
57$14,373,006$10,138,192$9,121,885$13,366,975
58$15,804,151$10,600,061$9,392,566$14,429,976
59$17,380,173$11,083,463$9,671,216$15,589,375
60$19,115,815$11,589,417$9,958,066$16,854,499
61$21,027,323$12,118,994$10,253,356$18,235,602
62$23,132,598$12,673,312$10,557,332$19,743,962
63$25,451,367$13,253,548$10,870,246$21,391,984
64$28,005,366$13,860,932$11,192,359$23,193,310
65$30,818,549$14,496,753$11,523,939$25,162,949
66$33,917,311$15,162,364$11,865,260$27,317,412
67$37,330,737$15,859,180$12,216,607$29,674,867
68$41,090,879$16,588,687$12,578,270$32,255,302
69$45,233,057$17,352,441$12,950,550$35,080,714
70$49,796,190$18,152,072$13,333,755$38,175,308
71$54,823,168$18,989,290$13,728,203$41,565,726
72$60,361,253$19,865,886$14,134,219$45,281,290
73$66,462,524$20,783,739$14,552,139$49,354,273
74$73,184,375$21,744,815$14,982,309$53,820,202
75$80,590,049$22,751,178$15,425,084$58,718,185
76$88,749,239$23,804,991$15,880,829$64,091,276
77$97,738,744$24,908,519$16,349,920$69,986,876
78$107,643,198$26,064,138$16,832,744$76,457,169
79$118,555,862$27,274,338$17,329,698$83,559,617
80$130,579,508$28,541,729$17,841,192$91,357,488
81$143,827,391$29,869,048$18,367,645$99,920,447
82$158,424,315$31,259,161$18,909,491$109,325,212
83$174,507,811$32,715,075$19,467,174$119,656,262
84$192,229,436$34,239,942$20,041,153$131,006,633
85$211,756,204$35,837,065$20,631,898$143,478,784
86$233,272,163$37,509,907$21,239,892$157,185,557
87$256,980,130$39,262,099$21,865,635$172,251,230
88$283,103,606$41,097,445$22,509,637$188,812,684
89$311,888,890$43,019,936$23,172,425$207,020,682
90$343,607,397$45,033,753$23,854,542$227,041,283
91$378,558,226$47,143,281$24,556,544$249,057,399
92$417,070,980$49,353,117$25,279,003$273,270,506
93$459,508,879$51,668,079$26,022,508$299,902,537
94$506,272,188$54,093,218$26,787,666$329,197,965
95$557,801,997$56,633,832$27,575,099$361,426,094
96$614,584,383$59,295,472$28,385,447$396,883,588
97$677,155,000$62,083,960$29,219,370$435,897,258
98$746,104,135$65,005,399$30,077,543$478,827,132
99$822,082,280$68,066,187$30,960,664$526,069,835
100$905,806,275$71,273,032$31,869,449$578,062,317