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%15.8%
1 years$644,117$638,379$632,782$627,318$621,983$607,193
2 years$318,870$312,931$307,176$301,595$296,182$281,369
3 years$210,468$204,504$198,763$193,235$187,910$173,535
4 years$156,278$150,332$144,648$139,215$134,019$120,193
5 years$123,772$117,862$112,253$106,930$101,879$88,642
6 years$102,109$96,243$90,717$85,513$80,614$67,977
7 years$86,641$80,825$75,386$70,305$65,560$53,527
8 years$75,046$69,282$63,934$58,977$54,389$42,954
9 years$66,032$60,322$55,066$50,235$45,803$34,958
10 years$58,825$53,171$48,008$43,303$39,027$28,758
11 years$52,932$47,335$42,265$37,687$33,564$23,859
12 years$48,025$42,486$37,509$33,057$29,086$19,927
13 years$43,876$38,395$33,512$29,184$25,364$16,734
14 years$40,323$34,900$30,111$25,906$22,234$14,115
15 years$37,246$31,881$27,186$23,104$19,576$11,949
16 years$34,557$29,251$24,648$20,687$17,301$10,146
17 years$32,186$26,939$22,429$18,587$15,341$8,637
18 years$30,082$24,893$20,475$16,751$13,640$7,368
19 years$28,201$23,070$18,744$15,136$12,158$6,297
20 years$26,510$21,438$17,202$13,708$10,860$5,390
21 years$24,982$19,969$15,822$12,441$9,718$4,619
22 years$23,595$18,640$14,583$11,312$8,711$3,963
23 years$22,330$17,434$13,465$10,302$7,819$3,403
24 years$21,173$16,334$12,453$9,396$7,028$2,924
25 years$20,110$15,329$11,534$8,581$6,324$2,515
26 years$19,130$14,407$10,697$7,846$5,697$2,164
27 years$18,224$13,558$9,933$7,182$5,136$1,863
28 years$17,384$12,776$9,234$6,580$4,634$1,605
29 years$16,604$12,053$8,593$6,034$4,185$1,382
30 years$15,877$11,382$8,004$5,538$3,781$1,191
31 years$15,199$10,760$7,462$5,086$3,419$1,027
32 years$14,564$10,181$6,962$4,674$3,092$886
33 years$13,969$9,642$6,501$4,298$2,799$764
34 years$13,410$9,138$6,074$3,955$2,534$659
35 years$12,884$8,667$5,678$3,640$2,295$569
36 years$12,388$8,227$5,312$3,353$2,079$491
37 years$11,921$7,813$4,972$3,089$1,885$423
38 years$11,479$7,426$4,656$2,847$1,709$365
39 years$11,060$7,061$4,362$2,625$1,549$315
40 years$10,664$6,718$4,089$2,422$1,405$272
41 years$10,288$6,395$3,834$2,234$1,275$235
42 years$9,931$6,090$3,596$2,062$1,157$203
43 years$9,591$5,803$3,375$1,903$1,050$175
44 years$9,268$5,531$3,168$1,757$953$151
45 years$8,959$5,275$2,974$1,623$865$131
46 years$8,666$5,032$2,794$1,499$786$113
47 years$8,385$4,802$2,625$1,385$713$97
48 years$8,117$4,584$2,466$1,280$648$84
49 years$7,861$4,377$2,318$1,183$588$73
50 years$7,616$4,182$2,179$1,093$534$63

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 $2,732 every year, while hoping to spend $27,688 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: 56/38/6 Blend
50$7,800,000$7,800,000$7,800,000$7,800,000
51$8,598,418$8,185,018$8,064,118$9,068,805
52$9,445,997$8,556,624$8,304,806$9,757,427
53$10,379,101$8,945,511$8,552,629$10,503,721
54$11,406,424$9,352,496$8,807,797$11,315,833
55$12,537,547$9,778,436$9,070,526$12,200,028
56$13,783,026$10,224,228$9,341,038$13,163,194
57$15,154,493$10,690,814$9,619,561$14,212,897
58$16,664,766$11,179,179$9,906,332$15,357,455
59$18,327,970$11,690,356$10,201,591$16,606,013
60$20,159,667$12,225,428$10,505,588$17,968,620
61$22,177,008$12,785,528$10,818,581$19,456,330
62$24,398,890$13,371,847$11,140,831$21,081,295
63$26,846,140$13,985,631$11,472,612$22,856,880
64$29,541,704$14,628,184$11,814,202$24,797,785
65$32,510,868$15,300,876$12,165,888$26,920,177
66$35,781,499$16,005,141$12,527,968$29,241,843
67$39,384,302$16,742,483$12,900,744$31,782,351
68$43,353,113$17,514,476$13,284,531$34,563,229
69$47,725,218$18,322,773$13,679,651$37,608,166
70$52,541,706$19,169,105$14,086,435$40,943,229
71$57,847,853$20,055,285$14,505,224$44,597,103
72$63,693,555$20,983,214$14,936,370$48,601,359
73$70,133,793$21,954,887$15,380,234$52,990,745
74$77,229,156$22,972,392$15,837,187$57,803,507
75$85,046,409$24,037,919$16,307,612$63,081,745
76$93,659,129$25,153,763$16,791,903$68,871,802
77$103,148,392$26,322,330$17,290,464$75,224,698
78$113,603,545$27,546,141$17,803,712$82,196,601
79$125,123,046$28,827,841$18,332,075$89,849,352
80$137,815,391$30,170,200$18,875,995$98,251,038
81$151,800,145$31,576,123$19,435,924$107,476,631
82$167,209,062$33,048,655$20,012,330$117,608,684
83$184,187,335$34,590,989$20,605,692$128,738,098
84$202,894,966$36,206,470$21,216,505$140,964,979
85$223,508,271$37,898,605$21,845,277$154,399,566
86$246,221,551$39,671,073$22,492,530$169,163,263
87$271,248,922$41,527,729$23,158,802$185,389,777
88$298,826,337$43,472,612$23,844,647$203,226,364
89$329,213,814$45,509,961$24,550,633$222,835,210
90$362,697,890$47,644,216$25,277,346$244,394,951
91$399,594,326$49,880,034$26,025,389$268,102,342
92$440,251,088$52,222,297$26,795,381$294,174,105
93$485,051,632$54,676,122$27,587,958$322,848,957
94$534,418,521$57,246,875$28,403,778$354,389,852
95$588,817,419$59,940,180$29,243,513$389,086,443
96$648,761,484$62,761,937$30,107,859$427,257,804
97$714,816,210$65,718,327$30,997,527$469,255,424
98$787,604,772$68,815,833$31,913,253$515,466,505
99$867,813,902$72,061,253$32,855,790$566,317,599
100$956,200,378$75,461,711$33,825,916$622,278,619