Can I retire at age 51 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$644,117$638,379$632,782$627,318$621,983$602,314
2 years$318,870$312,931$307,176$301,595$296,182$276,545
3 years$210,468$204,504$198,763$193,235$187,910$168,920
4 years$156,278$150,332$144,648$139,215$134,019$115,821
5 years$123,772$117,862$112,253$106,930$101,879$84,523
6 years$102,109$96,243$90,717$85,513$80,614$64,114
7 years$86,641$80,825$75,386$70,305$65,560$49,915
8 years$75,046$69,282$63,934$58,977$54,389$39,588
9 years$66,032$60,322$55,066$50,235$45,803$31,830
10 years$58,825$53,171$48,008$43,303$39,027$25,860
11 years$52,932$47,335$42,265$37,687$33,564$21,181
12 years$48,025$42,486$37,509$33,057$29,086$17,459
13 years$43,876$38,395$33,512$29,184$25,364$14,465
14 years$40,323$34,900$30,111$25,906$22,234$12,034
15 years$37,246$31,881$27,186$23,104$19,576$10,045
16 years$34,557$29,251$24,648$20,687$17,301$8,408
17 years$32,186$26,939$22,429$18,587$15,341$7,054
18 years$30,082$24,893$20,475$16,751$13,640$5,929
19 years$28,201$23,070$18,744$15,136$12,158$4,992
20 years$26,510$21,438$17,202$13,708$10,860$4,208
21 years$24,982$19,969$15,822$12,441$9,718$3,551
22 years$23,595$18,640$14,583$11,312$8,711$2,999
23 years$22,330$17,434$13,465$10,302$7,819$2,535
24 years$21,173$16,334$12,453$9,396$7,028$2,145
25 years$20,110$15,329$11,534$8,581$6,324$1,815
26 years$19,130$14,407$10,697$7,846$5,697$1,537
27 years$18,224$13,558$9,933$7,182$5,136$1,302
28 years$17,384$12,776$9,234$6,580$4,634$1,103
29 years$16,604$12,053$8,593$6,034$4,185$935
30 years$15,877$11,382$8,004$5,538$3,781$793
31 years$15,199$10,760$7,462$5,086$3,419$672
32 years$14,564$10,181$6,962$4,674$3,092$570
33 years$13,969$9,642$6,501$4,298$2,799$484
34 years$13,410$9,138$6,074$3,955$2,534$410
35 years$12,884$8,667$5,678$3,640$2,295$348
36 years$12,388$8,227$5,312$3,353$2,079$295
37 years$11,921$7,813$4,972$3,089$1,885$251
38 years$11,479$7,426$4,656$2,847$1,709$213
39 years$11,060$7,061$4,362$2,625$1,549$180
40 years$10,664$6,718$4,089$2,422$1,405$153
41 years$10,288$6,395$3,834$2,234$1,275$130
42 years$9,931$6,090$3,596$2,062$1,157$110
43 years$9,591$5,803$3,375$1,903$1,050$94
44 years$9,268$5,531$3,168$1,757$953$79
45 years$8,959$5,275$2,974$1,623$865$67
46 years$8,666$5,032$2,794$1,499$786$57
47 years$8,385$4,802$2,625$1,385$713$49
48 years$8,117$4,584$2,466$1,280$648$41
49 years$7,861$4,377$2,318$1,183$588$35
50 years$7,616$4,182$2,179$1,093$534$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,800,000, adding $3,003 every year, while hoping to spend $33,784 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: 59/31/10 Blend
50$7,800,000$7,800,000$7,800,000$7,800,000
51$8,598,698$8,185,298$8,064,398$9,085,690
52$9,439,819$8,550,431$8,298,609$9,778,587
53$10,365,602$8,932,324$8,539,534$10,529,689
54$11,384,647$9,331,762$8,787,362$11,347,850
55$12,506,430$9,749,567$9,042,288$12,239,519
56$13,741,393$10,186,602$9,304,511$13,211,785
57$15,101,039$10,643,771$9,574,237$14,272,443
58$16,598,048$11,122,018$9,851,676$15,430,067
59$18,246,387$11,622,335$10,137,046$16,694,082
60$20,061,450$12,145,761$10,430,568$18,074,859
61$22,060,198$12,693,383$10,732,473$19,583,803
62$24,261,322$13,266,343$11,042,994$21,233,460
63$26,685,416$13,865,833$11,362,374$23,037,636
64$29,355,176$14,493,106$11,690,860$25,011,517
65$32,295,608$15,149,472$12,028,708$27,171,817
66$35,534,269$15,836,306$12,376,179$29,536,926
67$39,101,526$16,555,046$12,733,543$32,127,083
68$43,030,840$17,307,202$13,101,075$34,964,565
69$47,359,085$18,094,354$13,479,060$38,073,888
70$52,126,892$18,918,157$13,867,789$41,482,039
71$57,379,036$19,780,348$14,267,561$45,218,727
72$63,164,858$20,682,746$14,678,685$49,316,653
73$69,538,729$21,627,255$15,101,475$53,811,823
74$76,560,562$22,615,874$15,536,258$58,743,873
75$84,296,383$23,650,695$15,983,366$64,156,447
76$92,818,946$24,733,911$16,443,141$70,097,598
77$102,208,427$25,867,821$16,915,934$76,620,238
78$112,553,177$27,054,835$17,402,108$83,782,632
79$123,950,555$28,297,475$17,902,033$91,648,940
80$136,507,849$29,598,390$18,416,089$100,289,820
81$150,343,289$30,960,351$18,944,668$109,783,083
82$165,587,161$32,386,264$19,488,170$120,214,427
83$182,383,037$33,879,176$20,047,009$131,678,232
84$200,889,131$35,442,280$20,621,608$144,278,447
85$221,279,791$37,078,921$21,212,401$158,129,565
86$243,747,148$38,792,606$21,819,835$173,357,691
87$268,502,925$40,587,011$22,444,367$190,101,726
88$295,780,439$42,465,990$23,086,469$208,514,670
89$325,836,800$44,433,581$23,746,622$228,765,055
90$358,955,344$46,494,016$24,425,324$251,038,527
91$395,448,299$48,651,733$25,123,083$275,539,588
92$435,659,741$50,911,383$25,840,421$302,493,514
93$479,968,834$53,277,841$26,577,875$332,148,473
94$528,793,417$55,756,217$27,335,996$364,777,853
95$582,593,942$58,351,868$28,115,348$400,682,832
96$641,877,824$61,070,409$28,916,511$440,195,207
97$707,204,229$63,917,726$29,740,082$483,680,513
98$779,189,356$66,899,991$30,586,670$531,541,460
99$858,512,250$70,023,670$31,456,904$584,221,719
100$945,921,216$73,295,546$32,351,426$642,210,093