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%12.3%
1 years$619,343$613,826$608,444$603,190$598,061$592,308
2 years$306,605$300,895$295,361$289,995$284,791$278,996
3 years$202,373$196,638$191,118$185,803$180,683$175,025
4 years$150,267$144,550$139,085$133,860$128,865$123,388
5 years$119,012$113,329$107,936$102,818$97,961$92,681
6 years$98,182$92,542$87,228$82,224$77,513$72,437
7 years$83,309$77,716$72,487$67,601$63,039$58,168
8 years$72,160$66,617$61,475$56,709$52,297$47,632
9 years$63,492$58,002$52,948$48,303$44,041$39,581
10 years$56,562$51,126$46,161$41,638$37,526$33,266
11 years$50,896$45,515$40,640$36,237$32,273$28,211
12 years$46,178$40,851$36,067$31,785$27,967$24,099
13 years$42,189$36,918$32,223$28,062$24,388$20,709
14 years$38,772$33,557$28,953$24,910$21,378$17,884
15 years$35,814$30,655$26,140$22,215$18,823$15,509
16 years$33,228$28,126$23,700$19,891$16,636$13,495
17 years$30,948$25,903$21,566$17,872$14,751$11,778
18 years$28,925$23,935$19,687$16,106$13,116$10,306
19 years$27,116$22,183$18,023$14,554$11,690$9,037
20 years$25,490$20,613$16,540$13,181$10,442$7,939
21 years$24,021$19,201$15,214$11,963$9,344$6,986
22 years$22,687$17,923$14,022$10,877$8,376$6,156
23 years$21,471$16,763$12,947$9,906$7,519$5,432
24 years$20,358$15,706$11,974$9,035$6,758$4,798
25 years$19,336$14,739$11,090$8,251$6,081$4,242
26 years$18,394$13,852$10,285$7,544$5,478$3,753
27 years$17,523$13,037$9,551$6,905$4,939$3,323
28 years$16,716$12,284$8,879$6,327$4,456$2,945
29 years$15,966$11,589$8,262$5,802$4,024$2,611
30 years$15,267$10,945$7,696$5,325$3,636$2,316
31 years$14,614$10,346$7,175$4,890$3,287$2,055
32 years$14,004$9,790$6,694$4,494$2,973$1,824
33 years$13,431$9,271$6,251$4,133$2,691$1,620
34 years$12,894$8,787$5,840$3,803$2,436$1,439
35 years$12,388$8,334$5,460$3,500$2,207$1,279
36 years$11,912$7,910$5,108$3,224$1,999$1,136
37 years$11,462$7,513$4,781$2,970$1,812$1,010
38 years$11,037$7,140$4,477$2,738$1,643$898
39 years$10,635$6,789$4,194$2,524$1,490$799
40 years$10,254$6,460$3,931$2,328$1,351$710
41 years$9,892$6,149$3,686$2,148$1,226$632
42 years$9,549$5,856$3,458$1,983$1,112$562
43 years$9,222$5,580$3,245$1,830$1,010$500
44 years$8,911$5,319$3,046$1,690$916$445
45 years$8,615$5,072$2,860$1,561$832$396
46 years$8,332$4,838$2,686$1,442$755$352
47 years$8,063$4,617$2,524$1,332$686$314
48 years$7,805$4,408$2,372$1,231$623$279
49 years$7,558$4,209$2,229$1,137$566$248
50 years$7,323$4,021$2,096$1,051$514$221

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 $2,914 every year, while hoping to spend $23,151 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: 39/40/21 Blend
50$7,500,000$7,500,000$7,500,000$7,500,000
51$8,268,006$7,870,506$7,754,256$8,538,633
52$9,086,710$8,231,528$7,989,391$9,094,849
53$9,988,146$8,609,465$8,231,627$9,693,475
54$10,980,728$9,005,120$8,481,178$10,340,299
55$12,073,728$9,419,336$8,738,263$11,039,705
56$13,277,362$9,852,998$9,003,109$11,796,504
57$14,602,889$10,307,030$9,275,949$12,615,975
58$16,062,713$10,782,404$9,557,022$13,503,909
59$17,670,505$11,280,137$9,846,578$14,466,660
60$19,441,327$11,801,295$10,144,869$15,511,205
61$21,391,779$12,346,995$10,452,159$16,645,205
62$23,540,151$12,918,408$10,768,717$17,877,069
63$25,906,599$13,516,763$11,094,821$19,216,037
64$28,513,334$14,143,345$11,430,759$20,672,257
65$31,384,829$14,799,505$11,776,825$22,256,876
66$34,548,056$15,486,655$12,133,323$23,982,145
67$38,032,734$16,206,277$12,500,566$25,861,528
68$41,871,614$16,959,926$12,878,876$27,909,821
69$46,100,785$17,749,229$13,268,584$30,143,291
70$50,760,017$18,575,893$13,670,034$32,579,820
71$55,893,135$19,441,707$14,083,576$35,239,070
72$61,548,432$20,348,548$14,509,573$38,142,663
73$67,779,126$21,298,381$14,948,398$41,314,377
74$74,643,863$22,293,268$15,400,435$44,780,365
75$82,207,268$23,335,369$15,866,081$48,569,394
76$90,540,557$24,426,950$16,345,742$52,713,110
77$99,722,208$25,570,384$16,839,838$57,246,330
78$109,838,702$26,768,162$17,348,802$62,207,360
79$120,985,341$28,022,894$17,873,078$67,638,349
80$133,267,145$29,337,314$18,413,125$73,585,682
81$146,799,844$30,714,293$18,969,415$80,100,402
82$161,710,970$32,156,835$19,542,433$87,238,689
83$178,141,064$33,668,095$20,132,679$95,062,374
84$196,244,998$35,251,378$20,740,670$103,639,518
85$216,193,440$36,910,147$21,366,934$113,045,040
86$238,174,464$38,648,038$22,012,020$123,361,413
87$262,395,325$40,468,857$22,676,488$134,679,431
88$289,084,417$42,376,600$23,360,919$147,099,055
89$318,493,426$44,375,452$24,065,908$160,730,342
90$350,899,710$46,469,803$24,792,070$175,694,470
91$386,608,913$48,664,256$25,540,037$192,124,866
92$425,957,853$50,963,636$26,310,460$210,168,455
93$469,317,703$53,373,003$27,104,010$229,987,028
94$517,097,491$55,897,662$27,921,376$251,758,753
95$569,747,962$58,543,175$28,763,269$275,679,839
96$627,765,837$61,315,373$29,630,421$301,966,374
97$691,698,498$64,220,372$30,523,586$330,856,341
98$762,149,158$67,264,583$31,443,539$362,611,846
99$839,782,553$70,454,729$32,391,079$397,521,576
100$925,331,222$73,797,859$33,367,028$435,903,497