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%12.3%
1 years$660,633$654,748$649,007$643,403$637,931$631,795
2 years$327,046$320,955$315,052$309,328$303,777$297,595
3 years$215,865$209,748$203,859$198,190$192,728$186,694
4 years$160,285$154,187$148,357$142,785$137,456$131,614
5 years$126,946$120,884$115,131$109,672$104,492$98,860
6 years$104,727$98,711$93,043$87,706$82,681$77,266
7 years$88,863$82,897$77,319$72,108$67,241$62,046
8 years$76,970$71,058$65,573$60,489$55,783$50,807
9 years$67,725$61,869$56,478$51,524$46,978$42,219
10 years$60,333$54,535$49,239$44,414$40,027$35,484
11 years$54,289$48,549$43,349$38,653$34,425$30,092
12 years$49,256$43,575$38,471$33,904$29,832$25,706
13 years$45,001$39,379$34,371$29,932$26,014$22,090
14 years$41,357$35,794$30,883$26,571$22,804$19,077
15 years$38,201$32,699$27,883$23,696$20,078$16,542
16 years$35,443$30,001$25,280$21,217$17,745$14,395
17 years$33,012$27,629$23,004$19,064$15,734$12,563
18 years$30,853$25,531$21,000$17,180$13,990$10,993
19 years$28,924$23,662$19,224$15,524$12,470$9,639
20 years$27,189$21,988$17,643$14,060$11,138$8,469
21 years$25,622$20,481$16,228$12,760$9,967$7,452
22 years$24,200$19,118$14,957$11,602$8,934$6,567
23 years$22,903$17,881$13,810$10,566$8,020$5,794
24 years$21,716$16,753$12,772$9,637$7,208$5,118
25 years$20,625$15,722$11,829$8,801$6,487$4,524
26 years$19,620$14,776$10,971$8,047$5,843$4,003
27 years$18,691$13,906$10,188$7,366$5,268$3,545
28 years$17,830$13,103$9,471$6,749$4,753$3,141
29 years$17,030$12,362$8,813$6,189$4,292$2,785
30 years$16,285$11,674$8,209$5,680$3,878$2,470
31 years$15,589$11,036$7,653$5,216$3,506$2,192
32 years$14,937$10,442$7,141$4,794$3,172$1,946
33 years$14,327$9,889$6,667$4,408$2,870$1,728
34 years$13,753$9,373$6,229$4,056$2,599$1,535
35 years$13,214$8,890$5,824$3,734$2,354$1,364
36 years$12,706$8,438$5,448$3,439$2,133$1,212
37 years$12,226$8,014$5,100$3,168$1,933$1,077
38 years$11,773$7,616$4,775$2,920$1,752$958
39 years$11,344$7,242$4,474$2,693$1,589$852
40 years$10,937$6,890$4,194$2,484$1,441$758
41 years$10,552$6,559$3,932$2,291$1,308$674
42 years$10,185$6,246$3,689$2,115$1,187$600
43 years$9,837$5,952$3,461$1,952$1,077$533
44 years$9,505$5,673$3,249$1,803$977$475
45 years$9,189$5,410$3,051$1,665$887$422
46 years$8,888$5,161$2,865$1,538$806$376
47 years$8,600$4,925$2,692$1,421$732$335
48 years$8,325$4,702$2,530$1,313$664$298
49 years$8,062$4,490$2,378$1,213$603$265
50 years$7,811$4,289$2,235$1,121$548$236

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 $6,424 every year, while hoping to spend $20,439 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: 79/16/5 Blend
50$8,000,000$8,000,000$8,000,000$8,000,000
51$8,822,626$8,398,626$8,274,626$9,517,422
52$9,700,787$8,788,412$8,530,079$10,363,110
53$10,667,836$9,196,612$8,793,405$11,287,184
54$11,732,816$9,624,108$9,064,846$12,300,176
55$12,905,696$10,071,822$9,344,650$13,410,931
56$14,197,458$10,540,722$9,633,077$14,629,185
57$15,620,204$11,031,822$9,930,390$15,965,659
58$17,187,270$11,546,187$10,236,864$17,432,155
59$18,913,352$12,084,930$10,552,779$19,041,669
60$20,814,642$12,649,221$10,878,426$20,808,510
61$22,908,987$13,240,284$11,214,104$22,748,434
62$25,216,049$13,859,403$11,560,122$24,878,791
63$27,757,498$14,507,925$11,916,798$27,218,689
64$30,557,210$15,187,261$12,284,458$29,789,168
65$33,641,500$15,898,891$12,663,442$32,613,402
66$37,039,362$16,644,366$13,054,096$35,716,913
67$40,782,748$17,425,311$13,456,779$39,127,808
68$44,906,868$18,243,431$13,871,862$42,877,046
69$49,450,524$19,100,515$14,299,724$46,998,726
70$54,456,472$19,998,435$14,740,760$51,530,406
71$59,971,830$20,939,156$15,195,373$56,513,457
72$66,048,519$21,924,737$15,663,981$61,993,447
73$72,743,757$22,957,338$16,147,013$68,020,575
74$80,120,596$24,039,222$16,644,913$74,650,133
75$88,248,516$25,172,764$17,158,137$81,943,035
76$97,204,086$26,360,451$17,687,156$89,966,380
77$107,071,683$27,604,893$18,232,456$98,794,087
78$117,944,287$28,908,825$18,794,535$108,507,590
79$129,924,362$30,275,115$19,373,910$119,196,600
80$143,124,822$31,706,771$19,971,111$130,959,948
81$157,670,097$33,206,946$20,586,686$143,906,520
82$173,697,306$34,778,945$21,221,199$158,156,272
83$191,357,553$36,426,235$21,875,231$173,841,365
84$210,817,353$38,152,451$22,549,382$191,107,404
85$232,260,206$39,961,404$23,244,269$210,114,812
86$255,888,323$41,857,088$23,960,528$231,040,334
87$281,924,541$43,843,695$24,698,815$254,078,705
88$310,614,426$45,925,618$25,459,806$279,444,482
89$342,228,586$48,107,462$26,244,199$307,374,060
90$377,065,233$50,394,059$27,052,711$338,127,905
91$415,452,992$52,790,472$27,886,081$371,992,999
92$457,754,006$55,302,014$28,745,074$409,285,548
93$504,367,354$57,934,253$29,630,474$450,353,959
94$555,732,822$60,693,029$30,543,092$495,582,120
95$612,335,046$63,584,464$31,483,763$545,393,019
96$674,708,099$66,614,980$32,453,346$600,252,731
97$743,440,521$69,791,311$33,452,729$660,674,803
98$819,180,884$73,120,515$34,482,826$727,225,101
99$902,643,912$76,609,998$35,544,578$800,527,142
100$994,617,225$80,267,522$36,638,956$881,267,965