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%14.3%
1 years$611,085$605,642$600,331$595,148$590,086$579,595
2 years$302,517$296,883$291,423$286,129$280,994$270,460
3 years$199,675$194,016$188,570$183,325$178,274$168,026
4 years$148,264$142,623$137,231$132,076$127,146$117,262
5 years$117,425$111,818$106,497$101,447$96,655$87,163
6 years$96,873$91,308$86,065$81,128$76,480$67,392
7 years$82,198$76,680$71,520$66,700$62,198$53,516
8 years$71,197$65,729$60,655$55,953$51,600$43,321
9 years$62,646$57,229$52,242$47,659$43,454$35,575
10 years$55,808$50,444$45,546$41,083$37,025$29,538
11 years$50,218$44,908$40,098$35,754$31,843$24,740
12 years$45,562$40,307$35,586$31,361$27,594$20,865
13 years$41,626$36,426$31,794$27,687$24,063$17,697
14 years$38,255$33,110$28,567$24,578$21,093$15,080
15 years$35,336$30,246$25,792$21,919$18,572$12,900
16 years$32,785$27,751$23,384$19,626$16,414$11,071
17 years$30,536$25,557$21,279$17,634$14,554$9,526
18 years$28,539$23,616$19,425$15,892$12,941$8,216
19 years$26,754$21,887$17,782$14,360$11,534$7,100
20 years$25,150$20,339$16,320$13,005$10,303$6,146
21 years$23,701$18,945$15,011$11,803$9,220$5,328
22 years$22,385$17,684$13,835$10,732$8,264$4,624
23 years$21,185$16,540$12,774$9,774$7,418$4,017
24 years$20,087$15,496$11,814$8,914$6,668$3,494
25 years$19,078$14,543$10,942$8,141$6,000$3,041
26 years$18,149$13,668$10,148$7,444$5,405$2,648
27 years$17,289$12,863$9,423$6,813$4,873$2,307
28 years$16,493$12,121$8,760$6,242$4,397$2,012
29 years$15,753$11,434$8,152$5,724$3,970$1,755
30 years$15,063$10,799$7,594$5,254$3,587$1,531
31 years$14,419$10,208$7,079$4,825$3,243$1,337
32 years$13,817$9,659$6,605$4,434$2,934$1,167
33 years$13,252$9,147$6,167$4,078$2,655$1,019
34 years$12,722$8,670$5,762$3,752$2,404$890
35 years$12,223$8,223$5,387$3,454$2,177$778
36 years$11,753$7,805$5,040$3,181$1,973$680
37 years$11,309$7,413$4,717$2,931$1,788$594
38 years$10,890$7,045$4,417$2,701$1,621$519
39 years$10,493$6,699$4,139$2,491$1,470$454
40 years$10,117$6,373$3,879$2,297$1,333$397
41 years$9,760$6,067$3,637$2,120$1,210$347
42 years$9,421$5,778$3,412$1,956$1,098$303
43 years$9,099$5,505$3,202$1,806$996$265
44 years$8,792$5,248$3,005$1,667$904$232
45 years$8,500$5,004$2,822$1,540$821$203
46 years$8,221$4,774$2,650$1,422$745$178
47 years$7,955$4,556$2,490$1,314$677$155
48 years$7,701$4,349$2,340$1,214$615$136
49 years$7,458$4,153$2,199$1,122$558$119
50 years$7,225$3,967$2,068$1,037$507$104

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 $6,120 every year, while hoping to spend $57,070 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: 79/6/15 Blend
50$7,400,000$7,400,000$7,400,000$7,400,000
51$8,161,113$7,768,913$7,654,213$8,779,912
52$8,932,824$8,088,867$7,849,907$9,508,160
53$9,781,338$8,422,587$8,050,244$10,299,090
54$10,714,426$8,770,686$8,255,319$11,165,294
55$11,740,655$9,133,807$8,465,230$12,114,284
56$12,869,459$9,512,621$8,680,073$13,154,333
57$14,111,237$9,907,832$8,899,948$14,294,552
58$15,477,442$10,320,175$9,124,955$15,544,975
59$16,980,696$10,750,418$9,355,196$16,916,655
60$18,634,905$11,199,367$9,590,773$18,421,764
61$20,455,392$11,667,863$9,831,791$20,073,712
62$22,459,041$12,156,787$10,078,354$21,887,268
63$24,664,453$12,667,060$10,330,569$23,878,703
64$27,092,127$13,199,645$10,588,543$26,065,939
65$29,764,649$13,755,552$10,852,384$28,468,720
66$32,706,905$14,335,837$11,122,201$31,108,794
67$35,946,318$14,941,602$11,398,104$34,010,123
68$39,513,106$15,574,004$11,680,204$37,199,103
69$43,440,565$16,234,252$11,968,612$40,704,814
70$47,765,384$16,923,611$12,263,442$44,559,296
71$52,527,991$17,643,407$12,564,806$48,797,846
72$57,772,937$18,395,024$12,872,817$53,459,352
73$63,549,310$19,179,914$13,187,590$58,586,661
74$69,911,205$19,999,595$13,509,240$64,226,978
75$76,918,228$20,855,656$13,837,880$70,432,316
76$84,636,065$21,749,760$14,173,626$77,259,980
77$93,137,094$22,683,649$14,516,594$84,773,110
78$102,501,076$23,659,146$14,866,897$93,041,276
79$112,815,899$24,678,157$15,224,652$102,141,132
80$124,178,415$25,742,682$15,589,972$112,157,137
81$136,695,350$26,854,809$15,962,973$123,182,356
82$150,484,310$28,016,730$16,343,767$135,319,329
83$165,674,894$29,230,734$16,732,468$148,681,045
84$182,409,915$30,499,222$17,129,187$163,392,003
85$200,846,748$31,824,705$17,534,037$179,589,385
86$221,158,816$33,209,815$17,947,126$197,424,354
87$243,537,223$34,657,304$18,368,563$217,063,473
88$268,192,565$36,170,057$18,798,455$238,690,278
89$295,356,910$37,751,093$19,236,906$262,507,012
90$325,285,992$39,403,574$19,684,019$288,736,527
91$358,261,624$41,130,810$20,139,896$317,624,388
92$394,594,360$42,936,270$20,604,632$349,441,190
93$434,626,422$44,823,584$21,078,324$384,485,109
94$478,734,932$46,796,555$21,561,063$423,084,715
95$527,335,473$48,859,164$22,052,937$465,602,071
96$580,886,011$51,015,583$22,554,030$512,436,148
97$639,891,217$53,270,180$23,064,424$564,026,592
98$704,907,232$55,627,529$23,584,192$620,857,866
99$776,546,914$58,092,422$24,113,407$683,463,828
100$855,485,627$60,669,879$24,652,133$752,432,761