Can I retire at age 51 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$627,601$622,011$616,556$611,233$606,035$599,456
2 years$310,694$304,907$299,299$293,862$288,588$281,964
3 years$205,072$199,260$193,666$188,280$183,092$176,629
4 years$152,271$146,477$140,940$135,645$130,583$124,330
5 years$120,599$114,840$109,375$104,189$99,267$93,242
6 years$99,491$93,775$88,391$83,320$78,547$72,758
7 years$84,420$78,753$73,453$68,502$63,879$58,329
8 years$73,122$67,505$62,294$57,465$52,994$47,681
9 years$64,339$58,776$53,654$48,947$44,629$39,552
10 years$57,317$51,808$46,777$42,193$38,026$33,182
11 years$51,575$46,121$41,182$36,721$32,704$28,088
12 years$46,794$41,396$36,548$32,209$28,340$23,948
13 years$42,751$37,410$32,653$28,436$24,713$20,540
14 years$39,289$34,005$29,339$25,242$21,663$17,703
15 years$36,291$31,064$26,489$22,511$19,074$15,320
16 years$33,671$28,501$24,016$20,157$16,858$13,304
17 years$31,361$26,248$21,854$18,110$14,947$11,587
18 years$29,310$24,254$19,950$16,321$13,290$10,116
19 years$27,477$22,479$18,263$14,748$11,846$8,852
20 years$25,830$20,888$16,761$13,357$10,581$7,759
21 years$24,341$19,457$15,417$12,122$9,469$6,813
22 years$22,990$18,162$14,209$11,022$8,488$5,990
23 years$21,758$16,987$13,119$10,038$7,619$5,273
24 years$20,630$15,915$12,133$9,155$6,848$4,647
25 years$19,594$14,936$11,238$8,361$6,162$4,098
26 years$18,639$14,037$10,422$7,645$5,551$3,618
27 years$17,757$13,211$9,678$6,997$5,004$3,196
28 years$16,939$12,448$8,997$6,411$4,516$2,825
29 years$16,179$11,744$8,373$5,879$4,077$2,498
30 years$15,470$11,091$7,799$5,396$3,684$2,211
31 years$14,809$10,484$7,271$4,955$3,331$1,957
32 years$14,190$9,920$6,784$4,554$3,013$1,733
33 years$13,610$9,395$6,334$4,188$2,727$1,535
34 years$13,066$8,904$5,918$3,853$2,469$1,360
35 years$12,553$8,445$5,533$3,547$2,236$1,205
36 years$12,071$8,016$5,176$3,267$2,026$1,069
37 years$11,615$7,613$4,845$3,010$1,836$948
38 years$11,184$7,235$4,537$2,774$1,665$840
39 years$10,777$6,880$4,250$2,558$1,510$745
40 years$10,390$6,546$3,984$2,359$1,369$661
41 years$10,024$6,231$3,736$2,177$1,242$587
42 years$9,676$5,934$3,504$2,009$1,127$521
43 years$9,345$5,654$3,288$1,855$1,023$462
44 years$9,030$5,389$3,087$1,712$929$410
45 years$8,730$5,139$2,898$1,581$843$364
46 years$8,443$4,903$2,722$1,461$765$323
47 years$8,170$4,679$2,557$1,350$695$287
48 years$7,909$4,466$2,403$1,247$631$255
49 years$7,659$4,265$2,259$1,153$573$226
50 years$7,420$4,074$2,124$1,065$521$201

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,600,000, adding $2,763 every year, while hoping to spend $21,449 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: 42/48/10 Blend
50$7,600,000$7,600,000$7,600,000$7,600,000
51$8,378,050$7,975,250$7,857,450$8,705,263
52$9,209,790$8,343,216$8,097,853$9,302,139
53$10,125,648$8,728,493$8,345,591$9,945,683
54$11,134,182$9,131,907$8,600,886$10,642,037
55$12,244,821$9,554,324$8,863,969$11,396,023
56$13,467,957$9,996,650$9,135,076$12,212,934
57$14,815,039$10,459,836$9,414,451$13,098,571
58$16,298,684$10,944,879$9,702,346$14,059,302
59$17,932,795$11,452,823$9,999,020$15,102,115
60$19,732,692$11,984,763$10,304,739$16,234,681
61$21,715,257$12,541,847$10,619,778$17,465,417
62$23,899,093$13,125,277$10,944,421$18,803,571
63$26,304,701$13,736,316$11,278,959$20,259,295
64$28,954,669$14,376,284$11,623,692$21,843,742
65$31,873,891$15,046,567$11,978,932$23,569,163
66$35,089,797$15,748,619$12,344,996$25,449,018
67$38,632,617$16,483,961$12,722,213$27,498,099
68$42,535,659$17,254,191$13,110,923$29,732,662
69$46,835,631$18,060,981$13,511,473$32,170,575
70$51,572,982$18,906,086$13,924,224$34,831,480
71$56,792,286$19,791,344$14,349,546$37,736,973
72$62,542,664$20,718,684$14,787,820$40,910,798
73$68,878,243$21,690,128$15,239,440$44,379,067
74$75,858,673$22,707,793$15,704,810$48,170,496
75$83,549,684$23,773,901$16,184,348$52,316,670
76$92,023,712$24,890,782$16,678,483$56,852,331
77$101,360,577$26,060,876$17,187,659$61,815,701
78$111,648,241$27,286,745$17,712,331$67,248,826
79$122,983,637$28,571,070$18,252,969$73,197,971
80$135,473,582$29,916,667$18,810,058$79,714,044
81$149,235,788$31,326,485$19,384,096$86,853,061
82$164,399,973$32,803,617$19,975,597$94,676,673
83$181,109,082$34,351,306$20,585,091$103,252,727
84$199,520,639$35,972,951$21,213,123$112,655,901
85$219,808,236$37,672,117$21,860,254$122,968,393
86$242,163,167$39,452,542$22,527,064$134,280,683
87$266,796,238$41,318,144$23,214,148$146,692,376
88$293,939,754$43,273,033$23,922,121$160,313,123
89$323,849,712$45,321,515$24,651,616$175,263,646
90$356,808,222$47,468,108$25,403,284$191,676,858
91$393,126,163$49,717,548$26,177,797$209,699,101
92$433,146,125$52,074,801$26,975,846$229,491,511
93$477,245,637$54,545,074$27,798,145$251,231,518
94$525,840,736$57,133,826$28,645,426$275,114,508
95$579,389,890$59,846,783$29,518,447$301,355,637
96$638,398,330$62,689,946$30,417,986$330,191,851
97$703,422,817$65,669,611$31,344,846$361,884,092
98$775,076,899$68,792,377$32,299,853$396,719,745
99$854,036,703$72,065,164$33,283,859$435,015,320
100$941,047,320$75,495,230$34,297,741$477,119,421