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

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 $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%11.1%
1 years$660,633$654,748$649,007$643,403$637,931$634,976
2 years$327,046$320,955$315,052$309,328$303,777$300,794
3 years$215,865$209,748$203,859$198,190$192,728$189,810
4 years$160,285$154,187$148,357$142,785$137,456$134,624
5 years$126,946$120,884$115,131$109,672$104,492$101,756
6 years$104,727$98,711$93,043$87,706$82,681$80,044
7 years$88,863$82,897$77,319$72,108$67,241$64,705
8 years$76,970$71,058$65,573$60,489$55,783$53,347
9 years$67,725$61,869$56,478$51,524$46,978$44,641
10 years$60,333$54,535$49,239$44,414$40,027$37,790
11 years$54,289$48,549$43,349$38,653$34,425$32,285
12 years$49,256$43,575$38,471$33,904$29,832$27,788
13 years$45,001$39,379$34,371$29,932$26,014$24,064
14 years$41,357$35,794$30,883$26,571$22,804$20,945
15 years$38,201$32,699$27,883$23,696$20,078$18,309
16 years$35,443$30,001$25,280$21,217$17,745$16,063
17 years$33,012$27,629$23,004$19,064$15,734$14,136
18 years$30,853$25,531$21,000$17,180$13,990$12,474
19 years$28,924$23,662$19,224$15,524$12,470$11,032
20 years$27,189$21,988$17,643$14,060$11,138$9,777
21 years$25,622$20,481$16,228$12,760$9,967$8,680
22 years$24,200$19,118$14,957$11,602$8,934$7,718
23 years$22,903$17,881$13,810$10,566$8,020$6,872
24 years$21,716$16,753$12,772$9,637$7,208$6,125
25 years$20,625$15,722$11,829$8,801$6,487$5,466
26 years$19,620$14,776$10,971$8,047$5,843$4,882
27 years$18,691$13,906$10,188$7,366$5,268$4,364
28 years$17,830$13,103$9,471$6,749$4,753$3,904
29 years$17,030$12,362$8,813$6,189$4,292$3,495
30 years$16,285$11,674$8,209$5,680$3,878$3,130
31 years$15,589$11,036$7,653$5,216$3,506$2,805
32 years$14,937$10,442$7,141$4,794$3,172$2,515
33 years$14,327$9,889$6,667$4,408$2,870$2,255
34 years$13,753$9,373$6,229$4,056$2,599$2,023
35 years$13,214$8,890$5,824$3,734$2,354$1,816
36 years$12,706$8,438$5,448$3,439$2,133$1,630
37 years$12,226$8,014$5,100$3,168$1,933$1,464
38 years$11,773$7,616$4,775$2,920$1,752$1,315
39 years$11,344$7,242$4,474$2,693$1,589$1,182
40 years$10,937$6,890$4,194$2,484$1,441$1,062
41 years$10,552$6,559$3,932$2,291$1,308$954
42 years$10,185$6,246$3,689$2,115$1,187$858
43 years$9,837$5,952$3,461$1,952$1,077$771
44 years$9,505$5,673$3,249$1,803$977$693
45 years$9,189$5,410$3,051$1,665$887$623
46 years$8,888$5,161$2,865$1,538$806$561
47 years$8,600$4,925$2,692$1,421$732$504
48 years$8,325$4,702$2,530$1,313$664$454
49 years$8,062$4,490$2,378$1,213$603$408
50 years$7,811$4,289$2,235$1,121$548$367

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 $3,454 every year, while hoping to spend $56,723 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: 74/21/5 Blend
50$8,000,000$8,000,000$8,000,000$8,000,000
51$8,819,563$8,395,563$8,271,563$9,468,757
52$9,658,805$8,746,593$8,488,307$10,247,260
53$10,581,750$9,112,922$8,710,412$11,092,245
54$11,596,873$9,495,240$8,937,996$12,016,211
55$12,713,516$9,894,269$9,171,181$13,026,940
56$13,941,971$10,310,764$9,410,091$14,132,998
57$15,293,576$10,745,515$9,654,853$15,343,812
58$16,780,824$11,199,349$9,905,594$16,669,759
59$18,417,481$11,673,130$10,162,445$18,122,263
60$20,218,716$12,167,765$10,425,538$19,713,899
61$22,201,240$12,684,201$10,695,009$21,458,511
62$24,383,469$13,223,429$10,970,994$23,371,343
63$26,785,692$13,786,486$11,253,631$25,469,176
64$29,430,268$14,374,459$11,543,063$27,770,489
65$32,341,832$14,988,485$11,839,433$30,295,632
66$35,547,531$15,629,753$12,142,886$33,067,010
67$39,077,277$16,299,508$12,453,570$36,109,298
68$42,964,029$16,999,054$12,771,635$39,449,670
69$47,244,107$17,729,755$13,097,232$43,118,053
70$51,957,532$18,493,039$13,430,515$47,147,405
71$57,148,405$19,290,402$13,771,641$51,574,027
72$62,865,319$20,123,408$14,120,768$56,437,900
73$69,161,823$20,993,697$14,478,056$61,783,061
74$76,096,925$21,902,984$14,843,666$67,658,016
75$83,735,645$22,853,064$15,217,763$74,116,194
76$92,149,635$23,845,819$15,600,513$81,216,446
77$101,417,851$24,883,217$15,992,083$89,023,603
78$111,627,296$25,967,319$16,392,642$97,609,078
79$122,873,847$27,100,284$16,802,362$107,051,541
80$135,263,154$28,284,373$17,221,416$117,437,655
81$148,911,639$29,521,951$17,649,977$128,862,890
82$163,947,597$30,815,497$18,088,222$141,432,423
83$180,512,403$32,167,607$18,536,328$155,262,124
84$198,761,846$33,580,997$18,994,473$170,479,645
85$218,867,603$35,058,515$19,462,837$187,225,622
86$241,018,857$36,603,141$19,941,600$205,654,995
87$265,424,082$38,217,997$20,430,945$225,938,468
88$292,313,011$39,906,351$20,931,055$248,264,115
89$321,938,804$41,671,629$21,442,111$272,839,147
90$354,580,439$43,517,415$21,964,299$299,891,863
91$390,545,343$45,447,468$22,497,802$329,673,803
92$430,172,295$47,465,720$23,042,805$362,462,111
93$473,834,623$49,576,294$23,599,493$398,562,146
94$521,943,727$51,783,506$24,168,049$438,310,358
95$574,952,967$54,091,877$24,748,658$482,077,459
96$633,361,935$56,506,144$25,341,503$530,271,909
97$697,721,176$59,031,269$25,946,767$583,343,770
98$768,637,384$61,672,449$26,564,632$641,788,944
99$846,779,127$64,435,130$27,195,277$706,153,845
100$932,883,162$67,325,014$27,838,883$777,040,548