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

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 $7,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$619,343$613,826$608,444$603,190$598,061$581,246
2 years$306,605$300,895$295,361$289,995$284,791$267,979
3 years$202,373$196,638$191,118$185,803$180,683$164,400
4 years$150,267$144,550$139,085$133,860$128,865$113,236
5 years$119,012$113,329$107,936$102,818$97,961$83,029
6 years$98,182$92,542$87,228$82,224$77,513$63,291
7 years$83,309$77,716$72,487$67,601$63,039$49,528
8 years$72,160$66,617$61,475$56,709$52,297$39,489
9 years$63,492$58,002$52,948$48,303$44,041$31,925
10 years$56,562$51,126$46,161$41,638$37,526$26,084
11 years$50,896$45,515$40,640$36,237$32,273$21,488
12 years$46,178$40,851$36,067$31,785$27,967$17,818
13 years$42,189$36,918$32,223$28,062$24,388$14,853
14 years$38,772$33,557$28,953$24,910$21,378$12,434
15 years$35,814$30,655$26,140$22,215$18,823$10,445
16 years$33,228$28,126$23,700$19,891$16,636$8,800
17 years$30,948$25,903$21,566$17,872$14,751$7,431
18 years$28,925$23,935$19,687$16,106$13,116$6,288
19 years$27,116$22,183$18,023$14,554$11,690$5,330
20 years$25,490$20,613$16,540$13,181$10,442$4,524
21 years$24,021$19,201$15,214$11,963$9,344$3,844
22 years$22,687$17,923$14,022$10,877$8,376$3,270
23 years$21,471$16,763$12,947$9,906$7,519$2,784
24 years$20,358$15,706$11,974$9,035$6,758$2,372
25 years$19,336$14,739$11,090$8,251$6,081$2,022
26 years$18,394$13,852$10,285$7,544$5,478$1,724
27 years$17,523$13,037$9,551$6,905$4,939$1,471
28 years$16,716$12,284$8,879$6,327$4,456$1,256
29 years$15,966$11,589$8,262$5,802$4,024$1,072
30 years$15,267$10,945$7,696$5,325$3,636$916
31 years$14,614$10,346$7,175$4,890$3,287$782
32 years$14,004$9,790$6,694$4,494$2,973$669
33 years$13,431$9,271$6,251$4,133$2,691$571
34 years$12,894$8,787$5,840$3,803$2,436$488
35 years$12,388$8,334$5,460$3,500$2,207$417
36 years$11,912$7,910$5,108$3,224$1,999$357
37 years$11,462$7,513$4,781$2,970$1,812$305
38 years$11,037$7,140$4,477$2,738$1,643$261
39 years$10,635$6,789$4,194$2,524$1,490$223
40 years$10,254$6,460$3,931$2,328$1,351$191
41 years$9,892$6,149$3,686$2,148$1,226$163
42 years$9,549$5,856$3,458$1,983$1,112$140
43 years$9,222$5,580$3,245$1,830$1,010$119
44 years$8,911$5,319$3,046$1,690$916$102
45 years$8,615$5,072$2,860$1,561$832$87
46 years$8,332$4,838$2,686$1,442$755$75
47 years$8,063$4,617$2,524$1,332$686$64
48 years$7,805$4,408$2,372$1,231$623$55
49 years$7,558$4,209$2,229$1,137$566$47
50 years$7,323$4,021$2,096$1,051$514$40

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 $5,160 every year, while hoping to spend $36,896 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: 46/44/10 Blend
50$7,500,000$7,500,000$7,500,000$7,500,000
51$8,270,323$7,872,823$7,756,573$8,627,431
52$9,074,638$8,219,334$7,977,161$9,221,091
53$9,959,758$8,581,587$8,203,902$9,860,500
54$10,933,884$8,960,316$8,436,963$10,553,288
55$12,006,055$9,356,287$8,676,517$11,304,410
56$13,186,231$9,770,303$8,922,738$12,119,302
57$14,485,384$10,203,205$9,175,808$13,003,935
58$15,915,607$10,655,876$9,435,911$13,964,864
59$17,490,224$11,129,239$9,703,239$15,009,289
60$19,223,914$11,624,259$9,977,985$16,145,119
61$21,132,857$12,141,951$10,260,351$17,381,042
62$23,234,877$12,683,375$10,550,541$18,726,606
63$25,549,616$13,249,643$10,848,766$20,192,303
64$28,098,720$13,841,918$11,155,243$21,789,664
65$30,906,038$14,461,421$11,470,192$23,531,367
66$33,997,852$15,109,428$11,793,841$25,431,345
67$37,403,122$15,787,279$12,126,424$27,504,923
68$41,153,760$16,496,376$12,468,179$29,768,949
69$45,284,933$17,238,187$12,819,352$32,241,953
70$49,835,390$18,014,252$13,180,194$34,944,315
71$54,847,832$18,826,183$13,550,963$37,898,451
72$60,369,314$19,675,670$13,931,924$41,129,022
73$66,451,688$20,564,481$14,323,347$44,663,158
74$73,152,093$21,494,473$14,725,512$48,530,708
75$80,533,492$22,467,588$15,138,702$52,764,517
76$88,665,270$23,485,862$15,563,211$57,400,727
77$97,623,887$24,551,428$15,999,337$62,479,112
78$107,493,597$25,666,522$16,447,389$68,043,448
79$118,367,248$26,833,486$16,907,681$74,141,913
80$130,347,155$28,054,774$17,380,535$80,827,539
81$143,546,065$29,332,959$17,866,284$88,158,704
82$158,088,224$30,670,734$18,365,265$96,199,667
83$174,110,548$32,070,925$18,877,826$105,021,174
84$191,763,915$33,536,492$19,404,324$114,701,111
85$211,214,589$35,070,534$19,945,124$125,325,231
86$232,645,791$36,676,304$20,500,599$136,987,950
87$256,259,425$38,357,207$21,071,133$149,793,231
88$282,277,989$40,116,813$21,657,119$163,855,550
89$310,946,670$41,958,862$22,258,958$179,300,965
90$342,535,660$43,887,277$22,877,063$196,268,296
91$377,342,709$45,906,165$23,511,856$214,910,418
92$415,695,932$48,019,833$24,163,770$235,395,691
93$457,956,908$50,232,796$24,833,247$257,909,538
94$504,524,093$52,549,783$25,520,742$282,656,174
95$555,836,582$54,975,754$26,226,718$309,860,521
96$612,378,252$57,515,905$26,951,652$339,770,316
97$674,682,333$60,175,683$27,696,031$372,658,426
98$743,336,436$62,960,797$28,460,353$408,825,413
99$818,988,109$65,877,232$29,245,131$448,602,345
100$902,350,939$68,931,260$30,050,886$492,353,905