Can I retire at age 51 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$677,148$671,117$665,232$659,488$653,880$650,304
2 years$335,222$328,979$322,928$317,062$311,371$307,763
3 years$221,261$214,991$208,956$203,144$197,547$194,018
4 years$164,292$158,041$152,066$146,354$140,892$137,470
5 years$130,120$123,906$118,010$112,414$107,104$103,798
6 years$107,345$101,179$95,369$89,898$84,748$81,563
7 years$91,085$84,970$79,252$73,910$68,922$65,860
8 years$78,894$72,835$67,212$62,002$57,178$54,238
9 years$69,418$63,416$57,890$52,812$48,152$45,335
10 years$61,842$55,898$50,470$45,524$41,028$38,331
11 years$55,647$49,763$44,433$39,620$35,285$32,707
12 years$50,488$44,664$39,433$34,752$30,578$28,116
13 years$46,126$40,363$35,231$30,681$26,664$24,317
14 years$42,391$36,689$31,655$27,235$23,374$21,138
15 years$39,156$33,516$28,580$24,289$20,580$18,453
16 years$36,329$30,751$25,912$21,748$18,189$16,167
17 years$33,837$28,320$23,579$19,540$16,127$14,208
18 years$31,624$26,169$21,525$17,610$14,340$12,520
19 years$29,647$24,253$19,705$15,912$12,781$11,058
20 years$27,869$22,537$18,084$14,411$11,416$9,786
21 years$26,263$20,993$16,634$13,079$10,216$8,675
22 years$24,805$19,596$15,331$11,892$9,158$7,702
23 years$23,475$18,328$14,155$10,830$8,220$6,847
24 years$22,259$17,172$13,091$9,878$7,389$6,094
25 years$21,141$16,115$12,125$9,021$6,649$5,430
26 years$20,111$15,145$11,245$8,248$5,989$4,842
27 years$19,159$14,254$10,442$7,550$5,400$4,322
28 years$18,276$13,431$9,707$6,917$4,872$3,860
29 years$17,456$12,671$9,034$6,343$4,399$3,450
30 years$16,692$11,966$8,414$5,822$3,975$3,085
31 years$15,978$11,312$7,845$5,347$3,594$2,760
32 years$15,311$10,703$7,319$4,914$3,251$2,470
33 years$14,685$10,136$6,834$4,519$2,942$2,212
34 years$14,097$9,607$6,385$4,157$2,664$1,981
35 years$13,544$9,112$5,970$3,827$2,413$1,775
36 years$13,023$8,649$5,585$3,525$2,186$1,591
37 years$12,532$8,214$5,227$3,248$1,981$1,426
38 years$12,067$7,806$4,895$2,993$1,796$1,279
39 years$11,627$7,423$4,586$2,760$1,629$1,147
40 years$11,211$7,062$4,298$2,546$1,477$1,029
41 years$10,815$6,723$4,031$2,349$1,340$923
42 years$10,440$6,403$3,781$2,168$1,216$828
43 years$10,083$6,100$3,548$2,001$1,104$743
44 years$9,743$5,815$3,330$1,848$1,002$667
45 years$9,419$5,545$3,127$1,706$910$599
46 years$9,110$5,290$2,937$1,576$826$538
47 years$8,815$5,048$2,759$1,456$750$483
48 years$8,533$4,819$2,593$1,346$681$433
49 years$8,264$4,602$2,437$1,244$619$389
50 years$8,006$4,396$2,291$1,149$562$350

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,200,000, adding $3,330 every year, while hoping to spend $23,758 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: 63/29/8 Blend
50$8,200,000$8,200,000$8,200,000$8,200,000
51$9,039,835$8,605,235$8,478,135$9,594,488
52$9,936,620$9,001,613$8,736,874$10,361,394
53$10,924,080$9,416,618$9,003,485$11,195,305
54$12,011,441$9,851,136$9,278,206$12,105,181
55$13,208,864$10,306,098$9,561,282$13,098,383
56$14,527,551$10,782,480$9,852,968$14,183,002
57$15,979,843$11,281,303$10,153,524$15,367,940
58$17,579,339$11,803,639$10,463,219$16,662,986
59$19,341,024$12,350,609$10,782,329$18,078,910
60$21,281,412$12,923,392$11,111,140$19,627,556
61$23,418,698$13,523,221$11,449,946$21,321,958
62$25,772,936$14,151,389$11,799,050$23,176,455
63$28,366,219$14,809,252$12,158,762$25,206,826
64$31,222,898$15,498,229$12,529,405$27,430,433
65$34,369,802$16,219,811$12,911,309$29,866,385
66$37,836,499$16,975,559$13,304,815$32,535,712
67$41,655,570$17,767,110$13,710,274$35,461,561
68$45,862,919$18,596,178$14,128,048$38,669,410
69$50,498,109$19,464,563$14,558,510$42,187,305
70$55,604,739$20,374,150$15,002,044$46,046,120
71$61,230,854$21,326,915$15,459,044$50,279,845
72$67,429,397$22,324,930$15,929,918$54,925,900
73$74,258,711$23,370,367$16,415,086$60,025,486
74$81,783,088$24,465,504$16,914,979$65,623,967
75$90,073,376$25,612,726$17,430,044$71,771,292
76$99,207,648$26,814,538$17,960,739$78,522,465
77$109,271,940$28,073,562$18,507,535$85,938,053
78$120,361,061$29,392,549$19,070,920$94,084,756
79$132,579,489$30,774,383$19,651,395$103,036,028
80$146,042,356$32,222,088$20,249,477$112,872,763
81$160,876,539$33,738,832$20,865,697$123,684,054
82$177,221,851$35,327,940$21,500,602$135,568,026
83$195,232,365$36,992,895$22,154,758$148,632,751
84$215,077,870$38,737,350$22,828,746$162,997,266
85$236,945,467$40,565,135$23,523,164$178,792,684
86$261,041,344$42,480,266$24,238,629$196,163,424
87$287,592,715$44,486,953$24,975,777$215,268,565
88$316,849,968$46,589,609$25,735,261$236,283,340
89$349,089,028$48,792,864$26,517,756$259,400,776
90$384,613,964$51,101,570$27,323,956$284,833,510
91$423,759,857$53,520,814$28,154,577$312,815,781
92$466,895,961$56,055,933$29,010,354$343,605,634
93$514,429,194$58,712,519$29,892,046$377,487,338
94$566,807,978$61,496,438$30,800,436$414,774,065
95$624,526,468$64,413,840$31,736,327$455,810,824
96$688,129,223$67,471,173$32,700,548$500,977,710
97$758,216,341$70,675,199$33,693,955$550,693,478
98$835,449,131$74,033,007$34,717,425$605,419,475
99$920,556,350$77,552,031$35,771,866$665,663,985
100$1,014,341,083$81,240,067$36,858,210$731,987,008