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

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$611,085$605,642$600,331$595,148$590,086$574,191
2 years$302,517$296,883$291,423$286,129$280,994$265,093
3 years$199,675$194,016$188,570$183,325$178,274$162,865
4 years$148,264$142,623$137,231$132,076$127,146$112,349
5 years$117,425$111,818$106,497$101,447$96,655$82,508
6 years$96,873$91,308$86,065$81,128$76,480$62,998
7 years$82,198$76,680$71,520$66,700$62,198$49,383
8 years$71,197$65,729$60,655$55,953$51,600$39,443
9 years$62,646$57,229$52,242$47,659$43,454$31,945
10 years$55,808$50,444$45,546$41,083$37,025$26,150
11 years$50,218$44,908$40,098$35,754$31,843$21,584
12 years$45,562$40,307$35,586$31,361$27,594$17,933
13 years$41,626$36,426$31,794$27,687$24,063$14,979
14 years$38,255$33,110$28,567$24,578$21,093$12,565
15 years$35,336$30,246$25,792$21,919$18,572$10,578
16 years$32,785$27,751$23,384$19,626$16,414$8,931
17 years$30,536$25,557$21,279$17,634$14,554$7,558
18 years$28,539$23,616$19,425$15,892$12,941$6,410
19 years$26,754$21,887$17,782$14,360$11,534$5,445
20 years$25,150$20,339$16,320$13,005$10,303$4,632
21 years$23,701$18,945$15,011$11,803$9,220$3,946
22 years$22,385$17,684$13,835$10,732$8,264$3,364
23 years$21,185$16,540$12,774$9,774$7,418$2,871
24 years$20,087$15,496$11,814$8,914$6,668$2,451
25 years$19,078$14,543$10,942$8,141$6,000$2,095
26 years$18,149$13,668$10,148$7,444$5,405$1,791
27 years$17,289$12,863$9,423$6,813$4,873$1,532
28 years$16,493$12,121$8,760$6,242$4,397$1,311
29 years$15,753$11,434$8,152$5,724$3,970$1,122
30 years$15,063$10,799$7,594$5,254$3,587$961
31 years$14,419$10,208$7,079$4,825$3,243$823
32 years$13,817$9,659$6,605$4,434$2,934$705
33 years$13,252$9,147$6,167$4,078$2,655$604
34 years$12,722$8,670$5,762$3,752$2,404$517
35 years$12,223$8,223$5,387$3,454$2,177$443
36 years$11,753$7,805$5,040$3,181$1,973$380
37 years$11,309$7,413$4,717$2,931$1,788$326
38 years$10,890$7,045$4,417$2,701$1,621$279
39 years$10,493$6,699$4,139$2,491$1,470$239
40 years$10,117$6,373$3,879$2,297$1,333$205
41 years$9,760$6,067$3,637$2,120$1,210$176
42 years$9,421$5,778$3,412$1,956$1,098$151
43 years$9,099$5,505$3,202$1,806$996$129
44 years$8,792$5,248$3,005$1,667$904$111
45 years$8,500$5,004$2,822$1,540$821$95
46 years$8,221$4,774$2,650$1,422$745$82
47 years$7,955$4,556$2,490$1,314$677$70
48 years$7,701$4,349$2,340$1,214$615$60
49 years$7,458$4,153$2,199$1,122$558$51
50 years$7,225$3,967$2,068$1,037$507$44

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 $4,984 every year, while hoping to spend $44,673 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: 47/26/27 Blend
50$7,400,000$7,400,000$7,400,000$7,400,000
51$8,159,941$7,767,741$7,653,041$8,480,118
52$8,944,723$8,100,829$7,861,886$9,039,384
53$9,808,056$8,448,740$8,076,230$9,641,344
54$10,757,904$8,812,155$8,296,211$10,293,919
55$11,803,044$9,191,784$8,521,967$11,001,886
56$12,953,145$9,588,372$8,753,644$11,770,497
57$14,218,861$10,002,697$8,991,386$12,605,524
58$15,611,932$10,435,577$9,235,344$13,513,312
59$17,145,292$10,887,863$9,485,672$14,500,835
60$18,833,195$11,360,452$9,742,525$15,575,765
61$20,691,345$11,854,278$10,006,064$16,746,535
62$22,737,048$12,370,323$10,276,452$18,022,420
63$24,989,370$12,909,612$10,553,856$19,413,624
64$27,469,323$13,473,220$10,838,448$20,931,370
65$30,200,059$14,062,273$11,130,401$22,588,005
66$33,207,089$14,677,948$11,429,893$24,397,114
67$36,518,525$15,321,481$11,737,107$26,373,644
68$40,165,343$15,994,162$12,052,229$28,534,043
69$44,181,677$16,697,345$12,375,448$30,896,414
70$48,605,141$17,432,448$12,706,959$33,480,678
71$53,477,182$18,200,954$13,046,958$36,308,762
72$58,843,471$19,004,418$13,395,648$39,404,804
73$64,754,339$19,844,468$13,753,235$42,795,370
74$71,265,242$20,722,808$14,119,930$46,509,711
75$78,437,296$21,641,224$14,495,947$50,580,026
76$86,337,844$22,601,588$14,881,505$55,041,766
77$95,041,096$23,605,857$15,276,827$59,933,965
78$104,628,828$24,656,085$15,682,141$65,299,602
79$115,191,156$25,754,421$16,097,680$71,186,002
80$126,827,382$26,903,115$16,523,680$77,645,278
81$139,646,935$28,104,528$16,960,384$84,734,819
82$153,770,402$29,361,129$17,408,036$92,517,825
83$169,330,666$30,675,508$17,866,889$101,063,897
84$186,474,161$32,050,375$18,337,197$110,449,691
85$205,362,254$33,488,571$18,819,221$120,759,631
86$226,172,765$34,993,073$19,313,226$132,086,705
87$249,101,651$36,566,997$19,819,483$144,533,332
88$274,364,849$38,213,610$20,338,266$158,212,323
89$302,200,321$39,936,334$20,869,855$173,247,940
90$332,870,295$41,738,755$21,414,536$189,777,057
91$366,663,740$43,624,629$21,972,598$207,950,451
92$403,899,098$45,597,893$22,544,336$227,934,211
93$444,927,285$47,662,669$23,130,051$249,911,299
94$490,135,008$49,823,279$23,730,047$274,083,270
95$539,948,410$52,084,252$24,344,635$300,672,163
96$594,837,098$54,450,330$24,974,131$329,922,588
97$655,318,571$56,926,485$25,618,853$362,104,024
98$721,963,110$59,517,927$26,279,129$397,513,355
99$795,399,156$62,230,114$26,955,288$436,477,656
100$876,319,246$65,068,766$27,647,667$479,357,275