Can I retire at age 51 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$668,890$662,932$657,119$651,446$645,905$635,728
2 years$331,134$324,967$318,990$313,195$307,574$297,347
3 years$218,563$212,369$206,408$200,667$195,138$185,179
4 years$162,289$156,114$150,212$144,569$139,174$129,561
5 years$128,533$122,395$116,571$111,043$105,798$96,557
6 years$106,036$99,945$94,206$88,802$83,714$74,857
7 years$89,974$83,934$78,286$73,009$68,082$59,612
8 years$77,932$71,947$66,393$61,245$56,481$48,395
9 years$68,572$62,642$57,184$52,168$47,565$39,860
10 years$61,087$55,216$49,854$44,969$40,528$33,197
11 years$54,968$49,156$43,891$39,136$34,855$27,892
12 years$49,872$44,120$38,952$34,328$30,205$23,600
13 years$45,564$39,871$34,801$30,306$26,339$20,083
14 years$41,874$36,242$31,269$26,903$23,089$17,171
15 years$38,679$33,108$28,232$23,992$20,329$14,739
16 years$35,886$30,376$25,596$21,483$17,967$12,693
17 years$33,424$27,975$23,291$19,302$15,931$10,961
18 years$31,239$25,850$21,262$17,395$14,165$9,488
19 years$29,285$23,957$19,464$15,718$12,625$8,230
20 years$27,529$22,262$17,863$14,236$11,277$7,150
21 years$25,943$20,737$16,431$12,920$10,092$6,222
22 years$24,502$19,357$15,144$11,747$9,046$5,421
23 years$23,189$18,104$13,983$10,698$8,120$4,728
24 years$21,987$16,962$12,931$9,757$7,299$4,128
25 years$20,883$15,918$11,977$8,911$6,568$3,607
26 years$19,866$14,961$11,108$8,148$5,916$3,153
27 years$18,925$14,080$10,315$7,458$5,334$2,759
28 years$18,053$13,267$9,589$6,833$4,813$2,415
29 years$17,243$12,516$8,923$6,266$4,346$2,115
30 years$16,488$11,820$8,312$5,751$3,927$1,853
31 years$15,783$11,174$7,749$5,281$3,550$1,624
32 years$15,124$10,573$7,230$4,854$3,211$1,424
33 years$14,506$10,013$6,751$4,463$2,906$1,249
34 years$13,925$9,490$6,307$4,107$2,631$1,096
35 years$13,379$9,001$5,897$3,781$2,383$961
36 years$12,865$8,543$5,516$3,482$2,159$844
37 years$12,379$8,114$5,163$3,208$1,957$741
38 years$11,920$7,711$4,835$2,957$1,774$650
39 years$11,486$7,333$4,530$2,726$1,609$571
40 years$11,074$6,976$4,246$2,515$1,459$501
41 years$10,683$6,641$3,981$2,320$1,324$440
42 years$10,312$6,325$3,735$2,141$1,201$386
43 years$9,960$6,026$3,504$1,977$1,090$339
44 years$9,624$5,744$3,290$1,825$990$298
45 years$9,304$5,477$3,089$1,685$898$262
46 years$8,999$5,225$2,901$1,557$816$230
47 years$8,708$4,987$2,726$1,438$741$202
48 years$8,429$4,760$2,561$1,329$673$178
49 years$8,163$4,546$2,407$1,228$611$156
50 years$7,908$4,342$2,263$1,135$555$137

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,100,000, adding $5,970 every year, while hoping to spend $30,766 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: 52/36/12 Blend
50$8,100,000$8,100,000$8,100,000$8,100,000
51$8,932,358$8,503,058$8,377,508$9,368,212
52$9,810,724$8,886,973$8,625,420$10,050,184
53$10,777,652$9,288,669$8,880,605$10,787,693
54$11,842,143$9,708,984$9,143,276$11,589,073
55$13,014,114$10,148,798$9,413,649$12,460,365
56$14,304,496$10,609,030$9,691,948$13,408,206
57$15,725,329$11,090,647$9,978,403$14,439,891
58$17,289,882$11,594,659$10,273,249$15,563,435
59$19,012,778$12,122,125$10,576,731$16,787,646
60$20,910,129$12,674,156$10,889,099$18,122,209
61$22,999,687$13,251,916$11,210,609$19,577,767
62$25,301,018$13,856,622$11,541,527$21,166,024
63$27,835,678$14,489,552$11,882,124$22,899,852
64$30,627,423$15,152,046$12,232,681$24,793,402
65$33,702,430$15,845,506$12,593,486$26,862,241
66$37,089,544$16,571,403$12,964,834$29,123,490
67$40,820,552$17,331,276$13,347,031$31,595,985
68$44,930,481$18,126,742$13,740,389$34,300,445
69$49,457,930$18,959,491$14,145,231$37,259,669
70$54,445,431$19,831,298$14,561,889$40,498,740
71$59,939,855$20,744,022$14,990,702$44,045,262
72$65,992,851$21,699,610$15,432,022$47,929,611
73$72,661,336$22,700,105$15,886,208$52,185,217
74$80,008,028$23,747,647$16,353,633$56,848,877
75$88,102,043$24,844,477$16,834,675$61,961,090
76$97,019,544$25,992,949$17,329,729$67,566,437
77$106,844,458$27,195,524$17,839,196$73,713,993
78$117,669,275$28,454,787$18,363,491$80,457,784
79$129,595,914$29,773,444$18,903,041$87,857,290
80$142,736,687$31,154,333$19,458,283$95,977,997
81$157,215,363$32,600,429$20,029,668$104,892,008
82$173,168,328$34,114,848$20,617,661$114,678,712
83$190,745,881$35,700,860$21,222,736$125,425,532
84$210,113,648$37,361,889$21,845,385$137,228,730
85$231,454,145$39,101,526$22,486,110$150,194,316
86$254,968,504$40,923,537$23,145,431$164,439,031
87$280,878,367$42,831,866$23,823,878$180,091,443
88$309,427,983$44,830,650$24,522,001$197,293,145
89$340,886,510$46,924,225$25,240,361$216,200,083
90$375,550,559$49,117,137$25,979,538$236,984,017
91$413,746,990$51,414,150$26,740,127$259,834,122
92$455,836,001$53,820,261$27,522,738$284,958,770
93$502,214,525$56,340,707$28,328,003$312,587,476
94$553,319,982$58,980,976$29,156,565$342,973,051
95$609,634,401$61,746,825$30,009,092$376,393,975
96$671,688,979$64,644,288$30,886,265$413,157,008
97$740,069,087$67,679,691$31,788,787$453,600,067
98$815,419,803$70,859,665$32,717,381$498,095,401
99$898,451,998$74,191,163$33,672,788$547,053,088
100$989,949,047$77,681,475$34,655,771$600,924,878