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

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$627,601$622,011$616,556$611,233$606,035$588,049
2 years$310,694$304,907$299,299$293,862$288,588$270,616
3 years$205,072$199,260$193,666$188,280$183,092$165,698
4 years$152,271$146,477$140,940$135,645$130,583$113,899
5 years$120,599$114,840$109,375$104,189$99,267$83,339
6 years$99,491$93,775$88,391$83,320$78,547$63,389
7 years$84,420$78,753$73,453$68,502$63,879$49,492
8 years$73,122$67,505$62,294$57,465$52,994$39,368
9 years$64,339$58,776$53,654$48,947$44,629$31,750
10 years$57,317$51,808$46,777$42,193$38,026$25,876
11 years$51,575$46,121$41,182$36,721$32,704$21,262
12 years$46,794$41,396$36,548$32,209$28,340$17,584
13 years$42,751$37,410$32,653$28,436$24,713$14,618
14 years$39,289$34,005$29,339$25,242$21,663$12,204
15 years$36,291$31,064$26,489$22,511$19,074$10,223
16 years$33,671$28,501$24,016$20,157$16,858$8,588
17 years$31,361$26,248$21,854$18,110$14,947$7,231
18 years$29,310$24,254$19,950$16,321$13,290$6,101
19 years$27,477$22,479$18,263$14,748$11,846$5,155
20 years$25,830$20,888$16,761$13,357$10,581$4,362
21 years$24,341$19,457$15,417$12,122$9,469$3,696
22 years$22,990$18,162$14,209$11,022$8,488$3,134
23 years$21,758$16,987$13,119$10,038$7,619$2,660
24 years$20,630$15,915$12,133$9,155$6,848$2,259
25 years$19,594$14,936$11,238$8,361$6,162$1,919
26 years$18,639$14,037$10,422$7,645$5,551$1,632
27 years$17,757$13,211$9,678$6,997$5,004$1,388
28 years$16,939$12,448$8,997$6,411$4,516$1,181
29 years$16,179$11,744$8,373$5,879$4,077$1,005
30 years$15,470$11,091$7,799$5,396$3,684$855
31 years$14,809$10,484$7,271$4,955$3,331$728
32 years$14,190$9,920$6,784$4,554$3,013$620
33 years$13,610$9,395$6,334$4,188$2,727$528
34 years$13,066$8,904$5,918$3,853$2,469$450
35 years$12,553$8,445$5,533$3,547$2,236$383
36 years$12,071$8,016$5,176$3,267$2,026$327
37 years$11,615$7,613$4,845$3,010$1,836$278
38 years$11,184$7,235$4,537$2,774$1,665$237
39 years$10,777$6,880$4,250$2,558$1,510$202
40 years$10,390$6,546$3,984$2,359$1,369$172
41 years$10,024$6,231$3,736$2,177$1,242$147
42 years$9,676$5,934$3,504$2,009$1,127$125
43 years$9,345$5,654$3,288$1,855$1,023$107
44 years$9,030$5,389$3,087$1,712$929$91
45 years$8,730$5,139$2,898$1,581$843$78
46 years$8,443$4,903$2,722$1,461$765$66
47 years$8,170$4,679$2,557$1,350$695$56
48 years$7,909$4,466$2,403$1,247$631$48
49 years$7,659$4,265$2,259$1,153$573$41
50 years$7,420$4,074$2,124$1,065$521$35

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 $2,023 every year, while hoping to spend $27,603 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: 36/44/20 Blend
50$7,600,000$7,600,000$7,600,000$7,600,000
51$8,377,287$7,974,487$7,856,687$8,627,983
52$9,202,401$8,335,867$8,090,516$9,172,497
53$10,110,751$8,714,030$8,331,254$9,757,224
54$11,110,799$9,109,769$8,579,102$10,387,912
55$12,211,867$9,523,914$8,834,269$11,068,688
56$13,424,229$9,957,338$9,096,969$11,804,073
57$14,759,205$10,410,951$9,367,421$12,599,025
58$16,229,267$10,885,712$9,645,854$13,458,981
59$17,848,162$11,382,621$9,932,500$14,389,904
60$19,631,035$11,902,730$10,227,598$15,398,339
61$21,594,575$12,447,138$10,531,397$16,491,464
62$23,757,173$13,016,999$10,844,151$17,677,160
63$26,139,094$13,613,522$11,166,119$18,964,080
64$28,762,671$14,237,973$11,497,573$20,361,723
65$31,652,509$14,891,681$11,838,788$21,880,521
66$34,835,727$15,576,035$12,190,049$23,531,934
67$38,342,205$16,292,494$12,551,650$25,328,548
68$42,204,871$17,042,587$12,923,891$27,284,195
69$46,460,008$17,827,915$13,307,082$29,414,074
70$51,147,603$18,650,156$13,701,543$31,734,887
71$56,311,715$19,511,070$14,107,601$34,264,995
72$62,000,899$20,412,502$14,525,595$37,024,580
73$68,268,660$21,356,383$14,955,871$40,035,834
74$75,173,957$22,344,741$15,398,787$43,323,156
75$82,781,765$23,379,697$15,854,711$46,913,378
76$91,163,681$24,463,478$16,324,020$50,836,011
77$100,398,605$25,598,417$16,807,103$55,123,512
78$110,573,483$26,786,960$17,304,361$59,811,587
79$121,784,126$28,031,668$17,816,205$64,939,514
80$134,136,117$29,335,231$18,343,058$70,550,507
81$147,745,807$30,700,463$18,885,356$76,692,116
82$162,741,411$32,130,317$19,443,547$83,416,662
83$179,264,221$33,627,888$20,018,092$90,781,721
84$197,469,937$35,196,421$20,609,464$98,850,659
85$217,530,141$36,839,316$21,218,152$107,693,215
86$239,633,912$38,560,139$21,844,656$117,386,152
87$263,989,611$40,362,626$22,489,492$128,013,961
88$290,826,853$42,250,696$23,153,191$139,669,653
89$320,398,667$44,228,455$23,836,299$152,455,620
90$352,983,892$46,300,211$24,539,376$166,484,586
91$388,889,804$48,470,476$25,263,000$181,880,655
92$428,455,018$50,743,983$26,007,764$198,780,471
93$472,052,685$53,125,693$26,774,279$217,334,486
94$520,094,014$55,620,807$27,563,173$237,708,366
95$573,032,155$58,234,779$28,375,091$260,084,535
96$631,366,477$60,973,325$29,210,698$284,663,878
97$695,647,278$63,842,438$30,070,677$311,667,618
98$766,480,985$66,848,403$30,955,730$341,339,382
99$844,535,878$69,997,806$31,866,579$373,947,481
100$930,548,395$73,297,557$32,803,967$409,787,416