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

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$677,148$671,117$665,232$659,488$653,880$645,709
2 years$335,222$328,979$322,928$317,062$311,371$303,150
3 years$221,261$214,991$208,956$203,144$197,547$189,530
4 years$164,292$158,041$152,066$146,354$140,892$133,141
5 years$130,120$123,906$118,010$112,414$107,104$99,642
6 years$107,345$101,179$95,369$89,898$84,748$77,584
7 years$91,085$84,970$79,252$73,910$68,922$62,060
8 years$78,894$72,835$67,212$62,002$57,178$50,615
9 years$69,418$63,416$57,890$52,812$48,152$41,886
10 years$61,842$55,898$50,470$45,524$41,028$35,055
11 years$55,647$49,763$44,433$39,620$35,285$29,600
12 years$50,488$44,664$39,433$34,752$30,578$25,174
13 years$46,126$40,363$35,231$30,681$26,664$21,535
14 years$42,391$36,689$31,655$27,235$23,374$18,511
15 years$39,156$33,516$28,580$24,289$20,580$15,976
16 years$36,329$30,751$25,912$21,748$18,189$13,835
17 years$33,837$28,320$23,579$19,540$16,127$12,016
18 years$31,624$26,169$21,525$17,610$14,340$10,461
19 years$29,647$24,253$19,705$15,912$12,781$9,127
20 years$27,869$22,537$18,084$14,411$11,416$7,977
21 years$26,263$20,993$16,634$13,079$10,216$6,983
22 years$24,805$19,596$15,331$11,892$9,158$6,121
23 years$23,475$18,328$14,155$10,830$8,220$5,372
24 years$22,259$17,172$13,091$9,878$7,389$4,719
25 years$21,141$16,115$12,125$9,021$6,649$4,149
26 years$20,111$15,145$11,245$8,248$5,989$3,651
27 years$19,159$14,254$10,442$7,550$5,400$3,215
28 years$18,276$13,431$9,707$6,917$4,872$2,833
29 years$17,456$12,671$9,034$6,343$4,399$2,497
30 years$16,692$11,966$8,414$5,822$3,975$2,202
31 years$15,978$11,312$7,845$5,347$3,594$1,943
32 years$15,311$10,703$7,319$4,914$3,251$1,715
33 years$14,685$10,136$6,834$4,519$2,942$1,514
34 years$14,097$9,607$6,385$4,157$2,664$1,337
35 years$13,544$9,112$5,970$3,827$2,413$1,181
36 years$13,023$8,649$5,585$3,525$2,186$1,044
37 years$12,532$8,214$5,227$3,248$1,981$922
38 years$12,067$7,806$4,895$2,993$1,796$815
39 years$11,627$7,423$4,586$2,760$1,629$720
40 years$11,211$7,062$4,298$2,546$1,477$637
41 years$10,815$6,723$4,031$2,349$1,340$563
42 years$10,440$6,403$3,781$2,168$1,216$498
43 years$10,083$6,100$3,548$2,001$1,104$440
44 years$9,743$5,815$3,330$1,848$1,002$390
45 years$9,419$5,545$3,127$1,706$910$345
46 years$9,110$5,290$2,937$1,576$826$305
47 years$8,815$5,048$2,759$1,456$750$270
48 years$8,533$4,819$2,593$1,346$681$238
49 years$8,264$4,602$2,437$1,244$619$211
50 years$8,006$4,396$2,291$1,149$562$187

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 $2,160 every year, while hoping to spend $34,014 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: 70/7/23 Blend
50$8,200,000$8,200,000$8,200,000$8,200,000
51$9,038,628$8,604,028$8,476,928$9,619,016
52$9,924,377$8,989,435$8,724,714$10,392,654
53$10,899,333$9,392,586$8,979,662$11,235,035
54$11,972,559$9,814,317$9,241,974$12,156,339
55$13,154,040$10,255,499$9,511,861$13,164,383
56$14,454,782$10,717,047$9,789,537$14,267,775
57$15,886,908$11,199,921$10,075,225$15,475,991
58$17,463,780$11,705,125$10,369,153$16,799,465
59$19,200,120$12,233,711$10,671,554$18,249,687
60$21,112,151$12,786,780$10,982,669$19,839,310
61$23,217,747$13,365,490$11,302,745$21,582,266
62$25,536,607$13,971,048$11,632,037$23,493,899
63$28,090,436$14,604,725$11,970,806$25,591,109
64$30,903,152$15,267,848$12,319,319$27,892,507
65$34,001,112$15,961,811$12,677,855$30,418,593
66$37,413,357$16,688,071$13,046,694$33,191,944
67$41,171,891$17,448,159$13,426,130$36,237,430
68$45,311,980$18,243,675$13,816,462$39,582,443
69$49,872,486$19,076,299$14,217,998$43,257,159
70$54,896,233$19,947,790$14,631,054$47,294,815
71$60,430,409$20,859,992$15,055,954$51,732,027
72$66,527,016$21,814,837$15,493,034$56,609,129
73$73,243,357$22,814,350$15,942,636$61,970,557
74$80,642,578$23,860,652$16,405,113$67,865,260
75$88,794,265$24,955,968$16,880,828$74,347,166
76$97,775,097$26,102,627$17,370,153$81,475,686
77$107,669,574$27,303,073$17,873,470$89,316,273
78$118,570,813$28,559,866$18,391,174$97,941,040
79$130,581,424$29,875,688$18,923,667$107,429,433
80$143,814,484$31,253,351$19,471,364$117,868,986
81$158,394,600$32,695,803$20,034,693$129,356,136
82$174,459,085$34,206,134$20,614,091$141,997,141
83$192,159,257$35,787,579$21,210,008$155,909,070
84$211,661,865$37,443,535$21,822,907$171,220,914
85$233,150,663$39,177,556$22,453,263$188,074,794
86$256,828,146$40,993,372$23,101,563$206,627,306
87$282,917,460$42,894,890$23,768,309$227,050,991
88$311,664,509$44,886,208$24,454,015$249,535,961
89$343,340,275$46,971,618$25,159,210$274,291,694
90$378,243,378$49,155,622$25,884,439$301,549,006
91$416,702,893$51,442,938$26,630,257$331,562,224
92$459,081,457$53,838,510$27,397,240$364,611,586
93$505,778,692$56,347,525$28,185,975$401,005,882
94$557,234,980$58,975,415$28,997,066$441,085,365
95$613,935,616$61,727,877$29,831,135$485,224,957
96$676,415,390$64,610,885$30,688,820$533,837,787
97$745,263,639$67,630,698$31,570,775$587,379,085
98$821,129,807$70,793,879$32,477,672$646,350,473
99$904,729,576$74,107,307$33,410,203$711,304,699
100$996,851,625$77,578,197$34,369,076$782,850,847