Can I retire at age 51 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$635,859$630,195$624,669$619,275$614,009$590,814
2 years$314,782$308,919$303,237$297,729$292,385$269,286
3 years$207,770$201,882$196,215$190,758$185,501$163,225
4 years$154,274$148,405$142,794$137,430$132,301$111,017
5 years$122,186$116,351$110,814$105,559$100,573$80,336
6 years$100,800$95,009$89,554$84,417$79,580$60,404
7 years$85,531$79,789$74,420$69,404$64,720$46,600
8 years$74,084$68,394$63,114$58,221$53,691$36,610
9 years$65,185$59,549$54,360$49,591$45,216$29,149
10 years$58,071$52,490$47,392$42,748$38,526$23,444
11 years$52,254$46,728$41,723$37,204$33,134$19,003
12 years$47,409$41,941$37,029$32,633$28,713$15,498
13 years$43,314$37,902$33,083$28,810$25,038$12,701
14 years$39,806$34,452$29,725$25,574$21,948$10,449
15 years$36,769$31,473$26,838$22,808$19,325$8,624
16 years$34,114$28,876$24,332$20,422$17,080$7,135
17 years$31,774$26,593$22,141$18,349$15,144$5,916
18 years$29,696$24,573$20,212$16,536$13,465$4,914
19 years$27,839$22,774$18,503$14,942$12,002$4,087
20 years$26,170$21,163$16,981$13,533$10,720$3,403
21 years$24,662$19,713$15,620$12,282$9,594$2,836
22 years$23,292$18,401$14,396$11,167$8,599$2,366
23 years$22,044$17,210$13,292$10,170$7,719$1,975
24 years$20,901$16,125$12,293$9,275$6,938$1,650
25 years$19,852$15,132$11,386$8,471$6,243$1,378
26 years$18,885$14,222$10,560$7,745$5,624$1,152
27 years$17,990$13,384$9,806$7,090$5,070$963
28 years$17,162$12,612$9,116$6,496$4,575$806
29 years$16,391$11,898$8,483$5,957$4,131$674
30 years$15,674$11,236$7,901$5,467$3,733$564
31 years$15,004$10,622$7,366$5,021$3,375$472
32 years$14,377$10,051$6,873$4,614$3,053$395
33 years$13,790$9,518$6,417$4,243$2,763$331
34 years$13,238$9,021$5,996$3,904$2,501$277
35 years$12,719$8,556$5,606$3,594$2,266$232
36 years$12,229$8,121$5,244$3,310$2,053$194
37 years$11,768$7,713$4,908$3,050$1,860$162
38 years$11,331$7,330$4,596$2,811$1,687$136
39 years$10,918$6,970$4,306$2,592$1,529$114
40 years$10,527$6,632$4,036$2,391$1,387$95
41 years$10,156$6,313$3,785$2,206$1,259$80
42 years$9,803$6,012$3,550$2,035$1,142$67
43 years$9,468$5,728$3,331$1,879$1,036$56
44 years$9,149$5,460$3,127$1,735$941$47
45 years$8,845$5,207$2,936$1,602$854$39
46 years$8,554$4,967$2,758$1,480$775$33
47 years$8,278$4,740$2,591$1,367$704$28
48 years$8,013$4,525$2,435$1,263$639$23
49 years$7,760$4,321$2,289$1,168$581$19
50 years$7,518$4,128$2,152$1,079$528$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,700,000, adding $3,180 every year, while hoping to spend $50,118 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: 46/49/5 Blend
50$7,700,000$7,700,000$7,700,000$7,700,000
51$8,488,680$8,080,580$7,961,230$8,867,739
52$9,301,200$8,423,203$8,174,606$9,470,870
53$10,194,918$8,780,935$8,393,451$10,119,222
54$11,178,062$9,154,464$8,617,894$10,821,318
55$12,259,700$9,544,508$8,848,068$11,582,132
56$13,449,821$9,951,820$9,084,110$12,407,123
57$14,759,432$10,377,190$9,326,158$13,302,281
58$16,200,663$10,821,440$9,574,353$14,274,187
59$17,786,876$11,285,436$9,828,839$15,330,066
60$19,532,795$11,770,081$10,089,763$16,477,854
61$21,454,646$12,276,320$10,357,276$17,726,271
62$23,570,305$12,805,145$10,631,530$19,084,895
63$25,899,470$13,357,591$10,912,680$20,564,254
64$28,463,848$13,934,745$11,200,887$22,175,915
65$31,287,355$14,537,742$11,496,311$23,932,597
66$34,396,346$15,167,772$11,799,118$25,848,279
67$37,819,861$15,826,081$12,109,476$27,938,330
68$41,589,900$16,513,972$12,427,557$30,219,652
69$45,741,724$17,232,810$12,753,534$32,710,830
70$50,314,188$17,984,026$13,087,585$35,432,304
71$55,350,107$18,769,116$13,429,892$38,406,559
72$60,896,663$19,589,647$13,780,638$41,658,324
73$67,005,843$20,447,261$14,140,010$45,214,810
74$73,734,939$21,343,676$14,508,200$49,105,949
75$81,147,078$22,280,692$14,885,401$53,364,680
76$89,311,829$23,260,194$15,271,810$58,027,245
77$98,305,847$24,284,156$15,667,627$63,133,530
78$108,213,608$25,354,644$16,073,058$68,727,430
79$119,128,199$26,473,824$16,488,308$74,857,255
80$131,152,197$27,643,964$16,913,588$81,576,182
81$144,398,640$28,867,437$17,349,112$88,942,743
82$158,992,092$30,146,731$17,795,097$97,021,371
83$175,069,816$31,484,452$18,251,764$105,883,000
84$192,783,074$32,883,327$18,719,335$115,605,722
85$212,298,554$34,346,216$19,198,039$126,275,514
86$233,799,938$35,876,112$19,688,105$137,987,041
87$257,489,641$37,476,152$20,189,766$150,844,535
88$283,590,721$39,149,619$20,703,259$164,962,770
89$312,348,980$40,899,957$21,228,824$180,468,128
90$344,035,290$42,730,769$21,766,704$197,499,788
91$378,948,146$44,645,832$22,317,145$216,211,014
92$417,416,482$46,649,103$22,880,394$236,770,599
93$459,802,780$48,744,726$23,456,705$259,364,436
94$506,506,491$50,937,045$24,046,331$284,197,258
95$557,967,800$53,230,607$24,649,530$311,494,558
96$614,671,789$55,630,180$25,266,563$341,504,696
97$677,153,009$58,140,757$25,897,691$374,501,229
98$746,000,533$60,767,570$26,543,180$410,785,472
99$821,863,507$63,516,102$27,203,297$450,689,323
100$905,457,290$66,392,095$27,878,312$494,578,378