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

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$644,117$638,379$632,782$627,318$621,983$616,514
2 years$318,870$312,931$307,176$301,595$296,182$290,671
3 years$210,468$204,504$198,763$193,235$187,910$182,528
4 years$156,278$150,332$144,648$139,215$134,019$128,807
5 years$123,772$117,862$112,253$106,930$101,879$96,853
6 years$102,109$96,243$90,717$85,513$80,614$75,779
7 years$86,641$80,825$75,386$70,305$65,560$60,920
8 years$75,046$69,282$63,934$58,977$54,389$49,942
9 years$66,032$60,322$55,066$50,235$45,803$41,549
10 years$58,825$53,171$48,008$43,303$39,027$34,962
11 years$52,932$47,335$42,265$37,687$33,564$29,686
12 years$48,025$42,486$37,509$33,057$29,086$25,391
13 years$43,876$38,395$33,512$29,184$25,364$21,848
14 years$40,323$34,900$30,111$25,906$22,234$18,893
15 years$37,246$31,881$27,186$23,104$19,576$16,405
16 years$34,557$29,251$24,648$20,687$17,301$14,295
17 years$32,186$26,939$22,429$18,587$15,341$12,493
18 years$30,082$24,893$20,475$16,751$13,640$10,947
19 years$28,201$23,070$18,744$15,136$12,158$9,613
20 years$26,510$21,438$17,202$13,708$10,860$8,458
21 years$24,982$19,969$15,822$12,441$9,718$7,454
22 years$23,595$18,640$14,583$11,312$8,711$6,578
23 years$22,330$17,434$13,465$10,302$7,819$5,813
24 years$21,173$16,334$12,453$9,396$7,028$5,142
25 years$20,110$15,329$11,534$8,581$6,324$4,553
26 years$19,130$14,407$10,697$7,846$5,697$4,035
27 years$18,224$13,558$9,933$7,182$5,136$3,579
28 years$17,384$12,776$9,234$6,580$4,634$3,176
29 years$16,604$12,053$8,593$6,034$4,185$2,820
30 years$15,877$11,382$8,004$5,538$3,781$2,506
31 years$15,199$10,760$7,462$5,086$3,419$2,227
32 years$14,564$10,181$6,962$4,674$3,092$1,980
33 years$13,969$9,642$6,501$4,298$2,799$1,761
34 years$13,410$9,138$6,074$3,955$2,534$1,567
35 years$12,884$8,667$5,678$3,640$2,295$1,395
36 years$12,388$8,227$5,312$3,353$2,079$1,242
37 years$11,921$7,813$4,972$3,089$1,885$1,106
38 years$11,479$7,426$4,656$2,847$1,709$985
39 years$11,060$7,061$4,362$2,625$1,549$877
40 years$10,664$6,718$4,089$2,422$1,405$782
41 years$10,288$6,395$3,834$2,234$1,275$697
42 years$9,931$6,090$3,596$2,062$1,157$621
43 years$9,591$5,803$3,375$1,903$1,050$553
44 years$9,268$5,531$3,168$1,757$953$493
45 years$8,959$5,275$2,974$1,623$865$440
46 years$8,666$5,032$2,794$1,499$786$392
47 years$8,385$4,802$2,625$1,385$713$349
48 years$8,117$4,584$2,466$1,280$648$312
49 years$7,861$4,377$2,318$1,183$588$278
50 years$7,616$4,182$2,179$1,093$534$248

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 $6,222 every year, while hoping to spend $40,937 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: 27/44/29 Blend
50$7,800,000$7,800,000$7,800,000$7,800,000
51$8,602,018$8,188,618$8,067,718$8,756,622
52$9,435,867$8,546,304$8,294,430$9,240,707
53$10,353,397$8,920,144$8,527,365$9,756,153
54$11,363,099$9,310,887$8,766,687$10,308,743
55$12,474,332$9,719,317$9,012,568$10,901,674
56$13,697,404$10,146,254$9,265,179$11,538,444
57$15,043,677$10,592,557$9,524,700$12,222,883
58$16,525,666$11,059,127$9,791,312$12,959,186
59$18,157,167$11,546,907$10,065,203$13,751,949
60$19,953,375$12,056,883$10,346,565$14,606,206
61$21,931,039$12,590,090$10,635,595$15,527,477
62$24,108,610$13,147,609$10,932,492$16,521,812
63$26,506,423$13,730,577$11,237,465$17,595,846
64$29,146,883$14,340,180$11,550,725$18,756,859
65$32,054,679$14,977,662$11,872,488$20,012,836
66$35,257,017$15,644,328$12,202,977$21,372,539
67$38,783,875$16,341,543$12,542,420$22,845,587
68$42,668,288$17,070,736$12,891,048$24,442,540
69$46,946,658$17,833,407$13,249,103$26,174,991
70$51,659,096$18,631,123$13,616,827$28,055,673
71$56,849,806$19,465,530$13,994,473$30,098,573
72$62,567,495$20,338,350$14,382,296$32,319,055
73$68,865,837$21,251,386$14,780,561$34,734,000
74$75,803,978$22,206,530$15,189,535$37,361,961
75$83,447,095$23,205,761$15,609,496$40,223,328
76$91,867,010$24,251,155$16,040,725$43,340,512
77$101,142,868$25,344,884$16,483,513$46,738,152
78$111,361,884$26,489,228$16,938,154$50,443,340
79$122,620,167$27,686,571$17,404,953$54,485,862
80$135,023,625$28,939,414$17,884,220$58,898,479
81$148,688,967$30,250,376$18,376,273$63,717,221
82$163,744,800$31,622,203$18,881,437$68,981,717
83$180,332,849$33,057,771$19,400,045$74,735,566
84$198,609,291$34,560,093$19,932,438$81,026,727
85$218,746,229$36,132,328$20,478,964$87,907,972
86$240,933,316$37,777,784$21,039,981$95,437,364
87$265,379,547$39,499,928$21,615,854$103,678,798
88$292,315,232$41,302,396$22,206,956$112,702,590
89$321,994,166$43,188,993$22,813,669$122,586,125
90$354,696,029$45,163,712$23,436,385$133,414,580
91$390,729,024$47,230,733$24,075,503$145,281,707
92$430,432,784$49,394,440$24,731,433$158,290,707
93$474,181,585$51,659,424$25,404,593$172,555,186
94$522,387,870$54,030,499$26,095,410$188,200,214
95$575,506,148$56,512,709$26,804,322$205,363,484
96$634,037,285$59,111,341$27,531,776$224,196,598
97$698,533,227$61,831,935$28,278,229$244,866,477
98$769,602,215$64,680,300$29,044,149$267,556,918
99$847,914,526$67,662,519$29,830,013$292,470,308
100$934,208,799$70,784,974$30,636,309$319,829,512