Can I retire at age 51 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$660,633$654,748$649,007$643,403$637,931$627,105
2 years$327,046$320,955$315,052$309,328$303,777$292,903
3 years$215,865$209,748$203,859$198,190$192,728$182,145
4 years$160,285$154,187$148,357$142,785$137,456$127,245
5 years$126,946$120,884$115,131$109,672$104,492$94,683
6 years$104,727$98,711$93,043$87,706$82,681$73,285
7 years$88,863$82,897$77,319$72,108$67,241$58,261
8 years$76,970$71,058$65,573$60,489$55,783$47,217
9 years$67,725$61,869$56,478$51,524$46,978$38,820
10 years$60,333$54,535$49,239$44,414$40,027$32,272
11 years$54,289$48,549$43,349$38,653$34,425$27,064
12 years$49,256$43,575$38,471$33,904$29,832$22,855
13 years$45,001$39,379$34,371$29,932$26,014$19,410
14 years$41,357$35,794$30,883$26,571$22,804$16,562
15 years$38,201$32,699$27,883$23,696$20,078$14,187
16 years$35,443$30,001$25,280$21,217$17,745$12,192
17 years$33,012$27,629$23,004$19,064$15,734$10,507
18 years$30,853$25,531$21,000$17,180$13,990$9,075
19 years$28,924$23,662$19,224$15,524$12,470$7,854
20 years$27,189$21,988$17,643$14,060$11,138$6,809
21 years$25,622$20,481$16,228$12,760$9,967$5,911
22 years$24,200$19,118$14,957$11,602$8,934$5,138
23 years$22,903$17,881$13,810$10,566$8,020$4,471
24 years$21,716$16,753$12,772$9,637$7,208$3,894
25 years$20,625$15,722$11,829$8,801$6,487$3,395
26 years$19,620$14,776$10,971$8,047$5,843$2,961
27 years$18,691$13,906$10,188$7,366$5,268$2,584
28 years$17,830$13,103$9,471$6,749$4,753$2,257
29 years$17,030$12,362$8,813$6,189$4,292$1,972
30 years$16,285$11,674$8,209$5,680$3,878$1,723
31 years$15,589$11,036$7,653$5,216$3,506$1,507
32 years$14,937$10,442$7,141$4,794$3,172$1,318
33 years$14,327$9,889$6,667$4,408$2,870$1,153
34 years$13,753$9,373$6,229$4,056$2,599$1,009
35 years$13,214$8,890$5,824$3,734$2,354$883
36 years$12,706$8,438$5,448$3,439$2,133$773
37 years$12,226$8,014$5,100$3,168$1,933$677
38 years$11,773$7,616$4,775$2,920$1,752$592
39 years$11,344$7,242$4,474$2,693$1,589$519
40 years$10,937$6,890$4,194$2,484$1,441$454
41 years$10,552$6,559$3,932$2,291$1,308$398
42 years$10,185$6,246$3,689$2,115$1,187$349
43 years$9,837$5,952$3,461$1,952$1,077$305
44 years$9,505$5,673$3,249$1,803$977$267
45 years$9,189$5,410$3,051$1,665$887$234
46 years$8,888$5,161$2,865$1,538$806$205
47 years$8,600$4,925$2,692$1,421$732$180
48 years$8,325$4,702$2,530$1,313$664$158
49 years$8,062$4,490$2,378$1,213$603$138
50 years$7,811$4,289$2,235$1,121$548$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,000,000, adding $3,129 every year, while hoping to spend $47,675 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: 34/49/17 Blend
50$8,000,000$8,000,000$8,000,000$8,000,000
51$8,819,228$8,395,228$8,271,228$9,072,625
52$9,668,063$8,755,868$8,497,588$9,619,283
53$10,601,882$9,132,582$8,729,933$10,203,726
54$11,629,302$9,526,106$8,968,414$10,832,961
55$12,759,818$9,937,214$9,213,184$11,510,971
56$14,003,894$10,366,711$9,464,400$12,242,118
57$15,373,057$10,815,446$9,722,223$13,031,184
58$16,880,008$11,284,302$9,986,817$13,883,413
59$18,538,744$11,774,208$10,258,350$14,804,556
60$20,364,685$12,286,133$10,536,994$15,800,919
61$22,374,825$12,821,096$10,822,926$16,879,422
62$24,587,887$13,380,159$11,116,323$18,047,661
63$27,024,502$13,964,437$11,417,370$19,313,969
64$29,707,404$14,575,097$11,726,255$20,687,499
65$32,661,644$15,213,362$12,043,169$22,178,297
66$35,914,825$15,880,510$12,368,309$23,797,399
67$39,497,364$16,577,882$12,701,874$25,556,926
68$43,442,777$17,306,880$13,044,069$27,470,191
69$47,787,998$18,068,975$13,395,103$29,551,827
70$52,573,725$18,865,706$13,755,190$31,817,911
71$57,844,803$19,698,684$14,124,547$34,286,111
72$63,650,651$20,569,597$14,503,397$36,975,852
73$70,045,724$21,480,214$14,891,968$39,908,485
74$77,090,029$22,432,386$15,290,491$43,107,488
75$84,849,693$23,428,054$15,699,203$46,598,674
76$93,397,582$24,469,248$16,118,346$50,410,432
77$102,813,991$25,558,098$16,548,167$54,573,986
78$113,187,405$26,696,831$16,988,917$59,123,678
79$124,615,328$27,887,784$17,440,854$64,097,287
80$137,205,208$29,133,402$17,904,239$69,536,375
81$151,075,448$30,436,247$18,379,339$75,486,670
82$166,356,524$31,799,004$18,866,428$81,998,486
83$183,192,219$33,224,484$19,365,782$89,127,191
84$201,740,975$34,715,634$19,877,686$96,933,713
85$222,177,394$36,275,539$20,402,428$105,485,109
86$244,693,880$37,907,433$20,940,302$114,855,184
87$269,502,462$39,614,704$21,491,608$125,125,175
88$296,836,789$41,400,899$22,056,652$136,384,502
89$326,954,336$43,269,738$22,635,744$148,731,605
90$360,138,839$45,225,116$23,229,203$162,274,850
91$396,702,969$47,271,115$23,837,350$177,133,545
92$436,991,285$49,412,013$24,460,513$193,439,045
93$481,383,484$51,652,289$25,099,029$211,335,979
94$530,297,988$53,996,640$25,753,235$230,983,593
95$584,195,894$56,449,987$26,423,479$252,557,242
96$643,585,322$59,017,484$27,110,113$276,250,021
97$709,026,218$61,704,533$27,813,495$302,274,569
98$781,135,634$64,516,797$28,533,989$330,865,059
99$860,593,556$67,460,207$29,271,965$362,279,383
100$948,149,321$70,540,980$30,027,798$396,801,563