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

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$668,890$662,932$657,119$651,446$645,905$632,347
2 years$331,134$324,967$318,990$313,195$307,574$293,978
3 years$218,563$212,369$206,408$200,667$195,138$181,928
4 years$162,289$156,114$150,212$144,569$139,174$126,453
5 years$128,533$122,395$116,571$111,043$105,798$93,601
6 years$106,036$99,945$94,206$88,802$83,714$72,055
7 years$89,974$83,934$78,286$73,009$68,082$56,963
8 years$77,932$71,947$66,393$61,245$56,481$45,898
9 years$68,572$62,642$57,184$52,168$47,565$37,511
10 years$61,087$55,216$49,854$44,969$40,528$30,993
11 years$54,968$49,156$43,891$39,136$34,855$25,827
12 years$49,872$44,120$38,952$34,328$30,205$21,670
13 years$45,564$39,871$34,801$30,306$26,339$18,283
14 years$41,874$36,242$31,269$26,903$23,089$15,495
15 years$38,679$33,108$28,232$23,992$20,329$13,181
16 years$35,886$30,376$25,596$21,483$17,967$11,248
17 years$33,424$27,975$23,291$19,302$15,931$9,624
18 years$31,239$25,850$21,262$17,395$14,165$8,252
19 years$29,285$23,957$19,464$15,718$12,625$7,089
20 years$27,529$22,262$17,863$14,236$11,277$6,100
21 years$25,943$20,737$16,431$12,920$10,092$5,256
22 years$24,502$19,357$15,144$11,747$9,046$4,533
23 years$23,189$18,104$13,983$10,698$8,120$3,914
24 years$21,987$16,962$12,931$9,757$7,299$3,383
25 years$20,883$15,918$11,977$8,911$6,568$2,925
26 years$19,866$14,961$11,108$8,148$5,916$2,531
27 years$18,925$14,080$10,315$7,458$5,334$2,192
28 years$18,053$13,267$9,589$6,833$4,813$1,898
29 years$17,243$12,516$8,923$6,266$4,346$1,645
30 years$16,488$11,820$8,312$5,751$3,927$1,426
31 years$15,783$11,174$7,749$5,281$3,550$1,236
32 years$15,124$10,573$7,230$4,854$3,211$1,072
33 years$14,506$10,013$6,751$4,463$2,906$930
34 years$13,925$9,490$6,307$4,107$2,631$807
35 years$13,379$9,001$5,897$3,781$2,383$701
36 years$12,865$8,543$5,516$3,482$2,159$608
37 years$12,379$8,114$5,163$3,208$1,957$528
38 years$11,920$7,711$4,835$2,957$1,774$458
39 years$11,486$7,333$4,530$2,726$1,609$398
40 years$11,074$6,976$4,246$2,515$1,459$346
41 years$10,683$6,641$3,981$2,320$1,324$300
42 years$10,312$6,325$3,735$2,141$1,201$261
43 years$9,960$6,026$3,504$1,977$1,090$226
44 years$9,624$5,744$3,290$1,825$990$197
45 years$9,304$5,477$3,089$1,685$898$171
46 years$8,999$5,225$2,901$1,557$816$148
47 years$8,708$4,987$2,726$1,438$741$129
48 years$8,429$4,760$2,561$1,329$673$112
49 years$8,163$4,546$2,407$1,228$611$97
50 years$7,908$4,342$2,263$1,135$555$84

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 $4,576 every year, while hoping to spend $32,532 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: 49/32/19 Blend
50$8,100,000$8,100,000$8,100,000$8,100,000
51$8,930,920$8,501,620$8,376,070$9,320,769
52$9,807,260$8,883,586$8,622,055$9,973,329
53$10,771,897$9,283,177$8,875,189$10,678,134
54$11,833,801$9,701,224$9,135,679$11,443,103
55$13,002,860$10,138,595$9,403,736$12,273,909
56$14,289,966$10,596,201$9,679,575$13,176,781
57$15,707,123$11,074,995$9,963,421$14,158,565
58$17,267,556$11,575,976$10,255,503$15,226,784
59$18,985,841$12,100,193$10,556,056$16,389,704
60$20,878,035$12,648,741$10,865,322$17,656,415
61$22,961,836$13,222,771$11,183,552$19,036,906
62$25,256,743$13,823,487$11,511,001$20,542,162
63$27,784,245$14,452,151$11,847,933$22,184,260
64$30,568,017$15,110,086$12,194,618$23,976,485
65$33,634,152$15,798,678$12,551,336$25,933,444
66$37,011,402$16,519,379$12,918,371$28,071,206
67$40,731,448$17,273,711$13,296,019$30,407,449
68$44,829,202$18,063,269$13,684,583$32,961,619
69$49,343,136$18,889,725$14,084,372$35,755,111
70$54,315,644$19,754,830$14,495,707$38,811,469
71$59,793,443$20,660,420$14,918,916$42,156,600
72$65,828,011$21,608,417$15,354,337$45,819,013
73$72,476,079$22,600,840$15,802,317$49,830,086
74$79,800,157$23,639,800$16,263,213$54,224,355
75$87,869,135$24,727,511$16,737,392$59,039,832
76$96,758,923$25,866,296$17,225,231$64,318,362
77$106,553,174$27,058,585$17,727,118$70,106,008
78$117,344,072$28,306,930$18,243,450$76,453,481
79$129,233,198$29,614,001$18,774,637$83,416,612
80$142,332,497$30,982,600$19,321,100$91,056,870
81$156,765,326$32,415,661$19,883,271$99,441,937
82$172,667,623$33,916,263$20,461,594$108,646,337
83$190,189,190$35,487,629$21,056,527$118,752,132
84$209,495,106$37,133,140$21,668,539$129,849,688
85$230,767,282$38,856,340$22,298,111$142,038,520
86$254,206,187$40,660,943$22,945,739$155,428,219
87$280,032,730$42,550,841$23,611,934$170,139,479
88$308,490,353$44,530,116$24,297,217$186,305,227
89$339,847,322$46,603,046$25,002,128$204,071,864
90$374,399,268$48,774,114$25,727,218$223,600,638
91$412,471,969$51,048,021$26,473,055$245,069,152
92$454,424,431$53,429,695$27,240,224$268,673,030
93$500,652,274$55,924,301$28,029,322$294,627,753
94$551,591,468$58,537,254$28,840,967$323,170,674
95$607,722,449$61,274,230$29,675,790$354,563,248
96$669,574,652$64,141,181$30,534,443$389,093,487
97$737,731,513$67,144,345$31,417,592$427,078,657
98$812,835,971$70,290,262$32,325,925$468,868,266
99$895,596,542$73,585,787$33,260,147$514,847,336
100$986,794,008$77,038,109$34,220,980$565,440,031