Can I retire at age 51 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$652,375$646,564$640,894$635,360$629,957$617,743
2 years$322,958$316,943$311,114$305,462$299,980$287,724
3 years$213,166$207,126$201,311$195,712$190,319$178,404
4 years$158,282$152,259$146,503$141,000$135,737$124,254
5 years$125,359$119,373$113,692$108,301$103,185$92,167
6 years$103,418$97,477$91,880$86,609$81,647$71,106
7 years$87,752$81,861$76,353$71,206$66,401$56,339
8 years$76,008$70,170$64,753$59,733$55,086$45,501
9 years$66,878$61,096$55,772$50,879$46,390$37,275
10 years$59,579$53,853$48,623$43,859$39,527$30,874
11 years$53,611$47,942$42,807$38,170$33,994$25,793
12 years$48,641$43,030$37,990$33,480$29,459$21,698
13 years$44,439$38,887$33,942$29,558$25,689$18,355
14 years$40,840$35,347$30,497$26,238$22,519$15,598
15 years$37,724$32,290$27,535$23,400$19,827$13,306
16 years$35,000$29,626$24,964$20,952$17,523$11,387
17 years$32,599$27,284$22,716$18,825$15,537$9,771
18 years$30,467$25,212$20,737$16,965$13,815$8,403
19 years$28,562$23,366$18,984$15,330$12,314$7,240
20 years$26,850$21,713$17,422$13,884$10,999$6,248
21 years$25,302$20,225$16,025$12,601$9,843$5,400
22 years$23,897$18,879$14,770$11,457$8,823$4,672
23 years$22,617$17,657$13,637$10,434$7,920$4,047
24 years$21,444$16,544$12,612$9,516$7,118$3,508
25 years$20,367$15,525$11,681$8,691$6,405$3,043
26 years$19,375$14,591$10,834$7,947$5,770$2,642
27 years$18,458$13,732$10,060$7,274$5,202$2,295
28 years$17,607$12,940$9,352$6,664$4,694$1,994
29 years$16,817$12,207$8,703$6,111$4,238$1,734
30 years$16,081$11,528$8,107$5,609$3,830$1,508
31 years$15,394$10,898$7,558$5,151$3,462$1,312
32 years$14,751$10,312$7,051$4,734$3,132$1,142
33 years$14,148$9,765$6,584$4,353$2,834$994
34 years$13,582$9,255$6,152$4,005$2,566$865
35 years$13,049$8,779$5,751$3,687$2,324$753
36 years$12,547$8,332$5,380$3,396$2,106$656
37 years$12,073$7,914$5,036$3,129$1,909$571
38 years$11,626$7,521$4,716$2,884$1,730$498
39 years$11,202$7,152$4,418$2,659$1,569$434
40 years$10,801$6,804$4,141$2,453$1,423$378
41 years$10,420$6,477$3,883$2,263$1,291$329
42 years$10,058$6,168$3,642$2,088$1,172$287
43 years$9,714$5,877$3,418$1,928$1,063$250
44 years$9,386$5,602$3,208$1,780$965$218
45 years$9,074$5,342$3,013$1,644$876$190
46 years$8,777$5,096$2,829$1,518$796$166
47 years$8,493$4,863$2,658$1,403$722$144
48 years$8,221$4,643$2,498$1,296$656$126
49 years$7,962$4,434$2,348$1,198$596$110
50 years$7,713$4,235$2,207$1,107$541$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,900,000, adding $5,458 every year, while hoping to spend $53,283 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: 48/33/19 Blend
50$7,900,000$7,900,000$7,900,000$7,900,000
51$8,711,430$8,292,730$8,170,280$9,082,647
52$9,543,303$8,642,381$8,387,292$9,690,782
53$10,458,241$9,007,379$8,609,787$10,344,918
54$11,464,662$9,388,420$8,837,895$11,054,103
55$12,571,836$9,786,232$9,071,743$11,823,520
56$13,789,983$10,201,577$9,311,466$12,658,864
57$15,130,359$10,635,252$9,557,198$13,566,392
58$16,605,368$11,088,091$9,809,076$14,552,981
59$18,228,677$11,560,969$10,067,242$15,626,191
60$20,015,344$12,054,799$10,331,837$16,794,332
61$21,981,963$12,570,538$10,603,007$18,066,540
62$24,146,816$13,109,187$10,880,901$19,452,862
63$26,530,049$13,671,795$11,165,668$20,964,347
64$29,153,860$14,259,459$11,457,464$22,613,148
65$32,042,708$14,873,327$11,756,444$24,412,631
66$35,223,546$15,514,602$12,062,767$26,377,499
67$38,726,074$16,184,543$12,376,595$28,523,931
68$42,583,015$16,884,467$12,698,093$30,869,726
69$46,830,431$17,615,755$13,027,427$33,434,469
70$51,508,058$18,379,850$13,364,769$36,239,711
71$56,659,682$19,178,264$13,710,291$39,309,173
72$62,333,552$20,012,582$14,064,168$42,668,958
73$68,582,836$20,884,461$14,426,580$46,347,800
74$75,466,122$21,795,636$14,797,707$50,377,326
75$83,047,970$22,747,926$15,177,734$54,792,351
76$91,399,523$23,743,233$15,566,848$59,631,203
77$100,599,174$24,783,552$15,965,237$64,936,076
78$110,733,312$25,870,968$16,373,095$70,753,427
79$121,897,133$27,007,668$16,790,616$77,134,405
80$134,195,537$28,195,941$17,217,999$84,135,332
81$147,744,123$29,438,183$17,655,443$91,818,221
82$162,670,275$30,736,905$18,103,151$100,251,366
83$179,114,366$32,094,737$18,561,330$109,509,967
84$197,231,083$33,514,431$19,030,187$119,676,842
85$217,190,888$34,998,873$19,509,933$130,843,200
86$239,181,624$36,551,083$20,000,780$143,109,488
87$263,410,289$38,174,225$20,502,945$156,586,340
88$290,104,989$39,871,613$21,016,645$171,395,604
89$319,517,095$41,646,719$21,542,100$187,671,491
90$351,923,610$43,503,179$22,079,531$205,561,827
91$387,629,786$45,444,803$22,629,163$225,229,441
92$426,972,006$47,475,580$23,191,222$246,853,692
93$470,320,958$49,599,691$23,765,935$270,632,152
94$518,085,133$51,821,514$24,353,532$296,782,458
95$570,714,685$54,145,636$24,954,244$325,544,356
96$628,705,675$56,576,864$25,568,303$357,181,952
97$692,604,756$59,120,232$26,195,943$391,986,194
98$763,014,332$61,781,015$26,837,398$430,277,601
99$840,598,248$64,564,739$27,492,905$472,409,281
100$926,088,052$67,477,193$28,162,700$518,770,245