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%19.3%
1 years$668,890$662,932$657,119$651,446$645,905$621,752
2 years$331,134$324,967$318,990$313,195$307,574$283,517
3 years$218,563$212,369$206,408$200,667$195,138$171,933
4 years$162,289$156,114$150,212$144,569$139,174$116,999
5 years$128,533$122,395$116,571$111,043$105,798$84,709
6 years$106,036$99,945$94,206$88,802$83,714$63,728
7 years$89,974$83,934$78,286$73,009$68,082$49,192
8 years$77,932$71,947$66,393$61,245$56,481$38,669
9 years$68,572$62,642$57,184$52,168$47,565$30,807
10 years$61,087$55,216$49,854$44,969$40,528$24,794
11 years$54,968$49,156$43,891$39,136$34,855$20,110
12 years$49,872$44,120$38,952$34,328$30,205$16,412
13 years$45,564$39,871$34,801$30,306$26,339$13,459
14 years$41,874$36,242$31,269$26,903$23,089$11,081
15 years$38,679$33,108$28,232$23,992$20,329$9,151
16 years$35,886$30,376$25,596$21,483$17,967$7,577
17 years$33,424$27,975$23,291$19,302$15,931$6,287
18 years$31,239$25,850$21,262$17,395$14,165$5,226
19 years$29,285$23,957$19,464$15,718$12,625$4,350
20 years$27,529$22,262$17,863$14,236$11,277$3,625
21 years$25,943$20,737$16,431$12,920$10,092$3,024
22 years$24,502$19,357$15,144$11,747$9,046$2,524
23 years$23,189$18,104$13,983$10,698$8,120$2,109
24 years$21,987$16,962$12,931$9,757$7,299$1,763
25 years$20,883$15,918$11,977$8,911$6,568$1,474
26 years$19,866$14,961$11,108$8,148$5,916$1,233
27 years$18,925$14,080$10,315$7,458$5,334$1,032
28 years$18,053$13,267$9,589$6,833$4,813$864
29 years$17,243$12,516$8,923$6,266$4,346$723
30 years$16,488$11,820$8,312$5,751$3,927$606
31 years$15,783$11,174$7,749$5,281$3,550$507
32 years$15,124$10,573$7,230$4,854$3,211$425
33 years$14,506$10,013$6,751$4,463$2,906$356
34 years$13,925$9,490$6,307$4,107$2,631$298
35 years$13,379$9,001$5,897$3,781$2,383$250
36 years$12,865$8,543$5,516$3,482$2,159$209
37 years$12,379$8,114$5,163$3,208$1,957$175
38 years$11,920$7,711$4,835$2,957$1,774$147
39 years$11,486$7,333$4,530$2,726$1,609$123
40 years$11,074$6,976$4,246$2,515$1,459$103
41 years$10,683$6,641$3,981$2,320$1,324$87
42 years$10,312$6,325$3,735$2,141$1,201$73
43 years$9,960$6,026$3,504$1,977$1,090$61
44 years$9,624$5,744$3,290$1,825$990$51
45 years$9,304$5,477$3,089$1,685$898$43
46 years$8,999$5,225$2,901$1,557$816$36
47 years$8,708$4,987$2,726$1,438$741$30
48 years$8,429$4,760$2,561$1,329$673$25
49 years$8,163$4,546$2,407$1,228$611$21
50 years$7,908$4,342$2,263$1,135$555$18

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 $6,989 every year, while hoping to spend $20,333 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: 29/43/28 Blend
50$8,100,000$8,100,000$8,100,000$8,100,000
51$8,933,409$8,504,109$8,378,559$9,115,042
52$9,822,983$8,899,176$8,637,607$9,654,230
53$10,802,611$9,312,920$8,904,651$10,231,245
54$11,881,459$9,746,235$9,179,938$10,851,183
55$13,069,624$10,200,057$9,463,722$11,517,767
56$14,378,234$10,675,368$9,756,266$12,235,073
57$15,819,551$11,173,198$10,057,837$13,007,560
58$17,407,087$11,694,626$10,368,716$13,840,115
59$19,155,730$12,240,783$10,689,188$14,738,089
60$21,081,888$12,812,855$11,019,550$15,707,346
61$23,203,640$13,412,085$11,360,105$16,754,312
62$25,540,911$14,039,776$11,711,168$17,886,035
63$28,115,654$14,697,295$12,073,062$19,110,239
64$30,952,062$15,386,074$12,446,121$20,435,399
65$34,076,795$16,107,615$12,830,689$21,870,812
66$37,519,231$16,863,491$13,227,120$23,426,679
67$41,311,744$17,655,352$13,635,779$25,114,197
68$45,490,007$18,484,930$14,057,043$26,945,654
69$50,093,335$19,354,038$14,491,301$28,934,547
70$55,165,047$20,264,578$14,938,951$31,095,692
71$60,752,882$21,218,543$15,400,407$33,445,365
72$66,909,448$22,218,024$15,876,093$36,001,444
73$73,692,717$23,265,213$16,366,447$38,783,571
74$81,166,573$24,362,406$16,871,921$41,813,330
75$89,401,413$25,512,014$17,392,980$45,114,439
76$98,474,816$26,716,562$17,930,104$48,712,969
77$108,472,272$27,978,698$18,483,787$52,637,578
78$119,487,988$29,301,199$19,054,539$56,919,774
79$131,625,782$30,686,976$19,642,885$61,594,200
80$145,000,056$32,139,082$20,249,365$66,698,950
81$159,736,881$33,660,717$20,874,539$72,275,919
82$175,975,188$35,255,237$21,518,981$78,371,186
83$193,868,074$36,926,161$22,183,284$85,035,438
84$213,584,253$38,677,177$22,868,059$92,324,432
85$235,309,643$40,512,155$23,573,935$100,299,512
86$259,249,126$42,435,150$24,301,561$109,028,172
87$285,628,480$44,450,416$25,051,607$118,584,678
88$314,696,511$46,562,412$25,824,761$129,050,754
89$346,727,399$48,775,815$26,621,735$140,516,338
90$382,023,292$51,095,527$27,443,261$153,080,414
91$420,917,150$53,526,691$28,290,093$166,851,928
92$463,775,898$56,074,698$29,163,010$181,950,798
93$511,003,882$58,745,200$30,062,813$198,509,027
94$563,046,690$61,544,127$30,990,330$216,671,930
95$620,395,358$64,477,694$31,946,411$236,599,482
96$683,591,003$67,552,420$32,931,934$258,467,809
97$753,229,937$70,775,140$33,947,806$282,470,825
98$829,969,291$74,153,022$34,994,957$308,822,039
99$914,533,220$77,693,582$36,074,350$337,756,545
100$1,007,719,743$81,404,702$37,186,975$369,533,216