Can I retire at age 51 with 7,500,000?

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$619,343$613,826$608,444$603,190$598,061$575,697
2 years$306,605$300,895$295,361$289,995$284,791$262,516
3 years$202,373$196,638$191,118$185,803$180,683$159,197
4 years$150,267$144,550$139,085$133,860$128,865$108,332
5 years$119,012$113,329$107,936$102,818$97,961$78,435
6 years$98,182$92,542$87,228$82,224$77,513$59,007
7 years$83,309$77,716$72,487$67,601$63,039$45,548
8 years$72,160$66,617$61,475$56,709$52,297$35,805
9 years$63,492$58,002$52,948$48,303$44,041$28,525
10 years$56,562$51,126$46,161$41,638$37,526$22,957
11 years$50,896$45,515$40,640$36,237$32,273$18,621
12 years$46,178$40,851$36,067$31,785$27,967$15,196
13 years$42,189$36,918$32,223$28,062$24,388$12,462
14 years$38,772$33,557$28,953$24,910$21,378$10,260
15 years$35,814$30,655$26,140$22,215$18,823$8,473
16 years$33,228$28,126$23,700$19,891$16,636$7,016
17 years$30,948$25,903$21,566$17,872$14,751$5,822
18 years$28,925$23,935$19,687$16,106$13,116$4,839
19 years$27,116$22,183$18,023$14,554$11,690$4,028
20 years$25,490$20,613$16,540$13,181$10,442$3,356
21 years$24,021$19,201$15,214$11,963$9,344$2,800
22 years$22,687$17,923$14,022$10,877$8,376$2,337
23 years$21,471$16,763$12,947$9,906$7,519$1,952
24 years$20,358$15,706$11,974$9,035$6,758$1,632
25 years$19,336$14,739$11,090$8,251$6,081$1,365
26 years$18,394$13,852$10,285$7,544$5,478$1,142
27 years$17,523$13,037$9,551$6,905$4,939$955
28 years$16,716$12,284$8,879$6,327$4,456$800
29 years$15,966$11,589$8,262$5,802$4,024$670
30 years$15,267$10,945$7,696$5,325$3,636$561
31 years$14,614$10,346$7,175$4,890$3,287$470
32 years$14,004$9,790$6,694$4,494$2,973$393
33 years$13,431$9,271$6,251$4,133$2,691$330
34 years$12,894$8,787$5,840$3,803$2,436$276
35 years$12,388$8,334$5,460$3,500$2,207$231
36 years$11,912$7,910$5,108$3,224$1,999$194
37 years$11,462$7,513$4,781$2,970$1,812$162
38 years$11,037$7,140$4,477$2,738$1,643$136
39 years$10,635$6,789$4,194$2,524$1,490$114
40 years$10,254$6,460$3,931$2,328$1,351$96
41 years$9,892$6,149$3,686$2,148$1,226$80
42 years$9,549$5,856$3,458$1,983$1,112$67
43 years$9,222$5,580$3,245$1,830$1,010$56
44 years$8,911$5,319$3,046$1,690$916$47
45 years$8,615$5,072$2,860$1,561$832$40
46 years$8,332$4,838$2,686$1,442$755$33
47 years$8,063$4,617$2,524$1,332$686$28
48 years$7,805$4,408$2,372$1,231$623$23
49 years$7,558$4,209$2,229$1,137$566$20
50 years$7,323$4,021$2,096$1,051$514$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,500,000, adding $6,164 every year, while hoping to spend $29,645 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: 65/30/5 Blend
50$7,500,000$7,500,000$7,500,000$7,500,000
51$8,271,358$7,873,858$7,757,608$8,803,026
52$9,083,495$8,228,135$7,985,946$9,511,183
53$9,977,475$8,598,778$8,220,940$10,280,408
54$10,961,617$8,986,558$8,462,781$11,119,965
55$12,045,085$9,392,281$8,711,666$12,036,683
56$13,237,975$9,816,795$8,967,799$13,038,070
57$14,551,416$10,260,985$9,231,387$14,132,388
58$15,997,667$10,725,780$9,502,645$15,328,722
59$17,590,239$11,212,154$9,781,794$16,637,067
60$19,344,019$11,721,125$10,069,060$18,068,420
61$21,275,411$12,253,762$10,364,675$19,634,878
62$23,402,492$12,811,185$10,668,881$21,349,755
63$25,745,180$13,394,567$10,981,922$23,227,702
64$28,325,425$14,005,137$11,304,053$25,284,839
65$31,167,413$14,644,184$11,635,534$27,538,912
66$34,297,797$15,313,057$11,976,632$30,009,449
67$37,745,946$16,013,170$12,327,623$32,717,948
68$41,544,225$16,746,008$12,688,790$35,688,073
69$45,728,296$17,513,122$13,060,425$38,945,873
70$50,337,459$18,316,141$13,442,825$42,520,027
71$55,415,019$19,156,773$13,836,300$46,442,107
72$61,008,701$20,036,804$14,241,165$50,746,876
73$67,171,090$20,958,109$14,657,746$55,472,609
74$73,960,137$21,922,652$15,086,376$60,661,452
75$81,439,701$22,932,492$15,527,400$66,359,813
76$89,680,153$23,989,787$15,981,171$72,618,796
77$98,759,039$25,096,797$16,448,051$79,494,677
78$108,761,815$26,255,894$16,928,414$87,049,434
79$119,782,649$27,469,561$17,422,644$95,351,322
80$131,925,311$28,740,402$17,931,136$104,475,511
81$145,304,158$30,071,147$18,454,294$114,504,794
82$160,045,205$31,464,656$18,992,535$125,530,359
83$176,287,319$32,923,927$19,546,289$137,652,642
84$194,183,531$34,452,104$20,115,994$150,982,270
85$213,902,475$36,052,482$20,702,104$165,641,097
86$235,629,987$37,728,513$21,305,084$181,763,348
87$259,570,853$39,483,817$21,925,412$199,496,876
88$285,950,745$41,322,190$22,563,578$219,004,549
89$315,018,352$43,247,608$23,220,089$240,465,781
90$347,047,725$45,264,241$23,895,463$264,078,214
91$382,340,865$47,376,461$24,590,233$290,059,575
92$421,230,574$49,588,849$25,304,947$318,649,721
93$464,083,599$51,906,209$26,040,169$350,112,892
94$511,304,089$54,333,576$26,796,477$384,740,197
95$563,337,414$56,876,229$27,574,467$422,852,345
96$620,674,367$59,539,701$28,374,749$464,802,665
97$683,855,801$62,329,795$29,197,951$510,980,429
98$753,477,729$65,252,591$30,044,719$561,814,509
99$830,196,956$68,314,467$30,915,715$617,777,414
100$914,737,275$71,522,106$31,811,622$679,389,738