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%13%
1 years$619,343$613,826$608,444$603,190$598,061$590,587
2 years$306,605$300,895$295,361$289,995$284,791$277,271
3 years$202,373$196,638$191,118$185,803$180,683$173,350
4 years$150,267$144,550$139,085$133,860$128,865$121,776
5 years$119,012$113,329$107,936$102,818$97,961$91,136
6 years$98,182$92,542$87,228$82,224$77,513$70,961
7 years$83,309$77,716$72,487$67,601$63,039$56,762
8 years$72,160$66,617$61,475$56,709$52,297$46,294
9 years$63,492$58,002$52,948$48,303$44,041$38,311
10 years$56,562$51,126$46,161$41,638$37,526$32,063
11 years$50,896$45,515$40,640$36,237$32,273$27,073
12 years$46,178$40,851$36,067$31,785$27,967$23,025
13 years$42,189$36,918$32,223$28,062$24,388$19,696
14 years$38,772$33,557$28,953$24,910$21,378$16,931
15 years$35,814$30,655$26,140$22,215$18,823$14,612
16 years$33,228$28,126$23,700$19,891$16,636$12,654
17 years$30,948$25,903$21,566$17,872$14,751$10,990
18 years$28,925$23,935$19,687$16,106$13,116$9,568
19 years$27,116$22,183$18,023$14,554$11,690$8,348
20 years$25,490$20,613$16,540$13,181$10,442$7,296
21 years$24,021$19,201$15,214$11,963$9,344$6,387
22 years$22,687$17,923$14,022$10,877$8,376$5,598
23 years$21,471$16,763$12,947$9,906$7,519$4,913
24 years$20,358$15,706$11,974$9,035$6,758$4,316
25 years$19,336$14,739$11,090$8,251$6,081$3,795
26 years$18,394$13,852$10,285$7,544$5,478$3,339
27 years$17,523$13,037$9,551$6,905$4,939$2,941
28 years$16,716$12,284$8,879$6,327$4,456$2,591
29 years$15,966$11,589$8,262$5,802$4,024$2,284
30 years$15,267$10,945$7,696$5,325$3,636$2,014
31 years$14,614$10,346$7,175$4,890$3,287$1,777
32 years$14,004$9,790$6,694$4,494$2,973$1,569
33 years$13,431$9,271$6,251$4,133$2,691$1,385
34 years$12,894$8,787$5,840$3,803$2,436$1,223
35 years$12,388$8,334$5,460$3,500$2,207$1,080
36 years$11,912$7,910$5,108$3,224$1,999$954
37 years$11,462$7,513$4,781$2,970$1,812$843
38 years$11,037$7,140$4,477$2,738$1,643$745
39 years$10,635$6,789$4,194$2,524$1,490$659
40 years$10,254$6,460$3,931$2,328$1,351$583
41 years$9,892$6,149$3,686$2,148$1,226$515
42 years$9,549$5,856$3,458$1,983$1,112$456
43 years$9,222$5,580$3,245$1,830$1,010$403
44 years$8,911$5,319$3,046$1,690$916$356
45 years$8,615$5,072$2,860$1,561$832$315
46 years$8,332$4,838$2,686$1,442$755$279
47 years$8,063$4,617$2,524$1,332$686$247
48 years$7,805$4,408$2,372$1,231$623$218
49 years$7,558$4,209$2,229$1,137$566$193
50 years$7,323$4,021$2,096$1,051$514$171

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 $2,494 every year, while hoping to spend $53,461 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: 44/45/11 Blend
50$7,500,000$7,500,000$7,500,000$7,500,000
51$8,267,573$7,870,073$7,753,823$8,605,160
52$9,053,983$8,198,824$7,956,694$9,168,924
53$9,918,815$8,541,893$8,164,569$9,773,968
54$10,870,012$8,899,923$8,377,560$10,428,537
55$11,916,325$9,273,591$8,595,780$11,137,206
56$13,067,395$9,663,602$8,819,343$11,904,996
57$14,333,846$10,070,695$9,048,368$12,737,421
58$15,727,382$10,495,643$9,282,972$13,640,534
59$17,260,901$10,939,255$9,523,278$14,620,986
60$18,948,613$11,402,379$9,769,407$15,686,079
61$20,806,175$11,885,898$10,021,486$16,843,839
62$22,850,839$12,390,742$10,279,640$18,103,083
63$25,101,616$12,917,880$10,543,999$19,473,501
64$27,579,452$13,468,327$10,814,694$20,965,745
65$30,307,428$14,043,146$11,091,858$22,591,522
66$33,310,975$14,643,450$11,375,625$24,363,705
67$36,618,118$15,270,403$11,666,132$26,296,447
68$40,259,737$15,925,224$11,963,518$28,405,313
69$44,269,858$16,609,187$12,267,924$30,707,420
70$48,685,975$17,323,629$12,579,491$33,221,594
71$53,549,405$18,069,948$12,898,365$35,968,546
72$58,905,675$18,849,606$13,224,690$38,971,058
73$64,804,953$19,664,135$13,558,616$42,254,196
74$71,302,520$20,515,140$13,900,292$45,845,539
75$78,459,294$21,404,299$14,249,869$49,775,436
76$86,342,403$22,333,370$14,607,500$54,077,281
77$95,025,817$23,304,194$14,973,340$58,787,829
78$104,591,048$24,318,698$15,347,545$63,947,531
79$115,127,920$25,378,899$15,730,273$69,600,911
80$126,735,414$26,486,911$16,121,683$75,796,979
81$139,522,601$27,644,945$16,521,935$82,589,685
82$153,609,678$28,855,318$16,931,191$90,038,421
83$169,129,093$30,120,457$17,349,613$98,208,572
84$186,226,802$31,442,900$17,777,367$107,172,129
85$205,063,643$32,825,310$18,214,616$117,008,353
86$225,816,856$34,270,472$18,661,527$127,804,519
87$248,681,753$35,781,303$19,118,266$139,656,726
88$273,873,565$37,360,859$19,585,001$152,670,796
89$301,629,469$39,012,342$20,061,899$166,963,264
90$332,210,830$40,739,102$20,549,128$182,662,461
91$365,905,668$42,544,651$21,046,857$199,909,719
92$403,031,373$44,432,666$21,555,254$218,860,689
93$443,937,704$46,406,998$22,074,486$239,686,801
94$489,010,092$48,471,683$22,604,723$262,576,866
95$538,673,271$50,630,945$23,146,131$287,738,843
96$593,395,295$52,889,212$23,698,877$315,401,792
97$653,691,952$55,251,120$24,263,126$345,818,016
98$720,131,634$57,721,528$24,839,044$379,265,429
99$793,340,701$60,305,523$25,426,792$416,050,161
100$874,009,395$63,008,437$26,026,533$456,509,434