Can I retire at age 51 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$685,406$679,301$673,344$667,531$661,854$639,644
2 years$339,310$332,991$326,866$320,928$315,168$293,011
3 years$223,960$217,613$211,504$205,622$199,956$178,547
4 years$166,296$159,969$153,921$148,139$142,610$122,114
5 years$131,707$125,417$119,449$113,785$108,410$88,881
6 years$108,655$102,413$96,532$90,995$85,781$67,234
7 years$92,195$86,006$80,219$74,812$69,763$52,196
8 years$79,857$73,723$68,032$62,758$57,875$41,275
9 years$70,265$64,189$58,596$53,456$48,739$33,085
10 years$62,596$56,580$51,085$46,079$41,528$26,796
11 years$56,325$50,370$44,975$40,103$35,716$21,876
12 years$51,104$45,209$39,914$35,176$30,950$17,972
13 years$46,689$40,856$35,660$31,055$26,989$14,840
14 years$42,908$37,137$32,041$27,567$23,659$12,303
15 years$39,634$33,925$28,929$24,585$20,831$10,233
16 years$36,772$31,126$26,228$22,013$18,411$8,535
17 years$34,250$28,665$23,867$19,779$16,324$7,134
18 years$32,010$26,488$21,787$17,824$14,515$5,974
19 years$30,008$24,549$19,945$16,106$12,937$5,011
20 years$28,209$22,812$18,305$14,587$11,556$4,208
21 years$26,583$21,249$16,837$13,239$10,341$3,537
22 years$25,107$19,835$15,518$12,037$9,269$2,976
23 years$23,762$18,551$14,328$10,962$8,321$2,506
24 years$22,530$17,381$13,251$9,998$7,479$2,111
25 years$21,399$16,311$12,273$9,131$6,730$1,780
26 years$20,356$15,330$11,382$8,349$6,062$1,501
27 years$19,392$14,427$10,570$7,642$5,465$1,266
28 years$18,499$13,595$9,826$7,002$4,931$1,068
29 years$17,669$12,825$9,144$6,421$4,453$902
30 years$16,895$12,112$8,517$5,893$4,024$761
31 years$16,173$11,450$7,940$5,412$3,638$643
32 years$15,497$10,834$7,408$4,974$3,291$543
33 years$14,864$10,260$6,917$4,574$2,978$459
34 years$14,269$9,724$6,463$4,208$2,696$388
35 years$13,710$9,223$6,042$3,874$2,442$327
36 years$13,182$8,754$5,653$3,568$2,213$277
37 years$12,685$8,314$5,291$3,287$2,005$234
38 years$12,214$7,902$4,955$3,030$1,818$198
39 years$11,769$7,514$4,642$2,794$1,649$167
40 years$11,347$7,149$4,351$2,577$1,495$141
41 years$10,947$6,805$4,080$2,377$1,357$119
42 years$10,567$6,481$3,827$2,194$1,231$101
43 years$10,206$6,175$3,591$2,025$1,117$85
44 years$9,862$5,886$3,371$1,870$1,014$72
45 years$9,534$5,613$3,165$1,727$921$61
46 years$9,221$5,354$2,973$1,595$836$51
47 years$8,923$5,110$2,793$1,474$759$43
48 years$8,637$4,878$2,624$1,362$689$37
49 years$8,365$4,658$2,467$1,259$626$31
50 years$8,104$4,450$2,319$1,163$569$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,300,000, adding $2,958 every year, while hoping to spend $21,600 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: 78/13/9 Blend
50$8,300,000$8,300,000$8,300,000$8,300,000
51$9,149,651$8,709,751$8,581,101$9,850,323
52$10,059,933$9,113,547$8,845,586$10,714,747
53$11,062,340$9,536,404$9,118,207$11,659,463
54$12,166,246$9,979,235$9,399,214$12,694,930
55$13,381,980$10,442,995$9,688,864$13,830,179
56$14,720,924$10,928,684$9,987,424$15,075,157
57$16,195,621$11,437,352$10,295,165$16,440,812
58$17,819,892$11,970,099$10,612,370$17,939,201
59$19,608,966$12,528,080$10,939,330$19,583,599
60$21,579,627$13,112,501$11,276,343$21,388,625
61$23,750,367$13,724,632$11,623,719$23,370,376
62$26,141,565$14,365,800$11,981,775$25,546,580
63$28,775,679$15,037,398$12,350,838$27,936,761
64$31,677,454$15,740,886$12,731,247$30,562,420
65$34,874,159$16,477,795$13,123,349$33,447,237
66$38,395,845$17,249,729$13,527,503$36,617,295
67$42,275,626$18,058,370$13,944,078$40,101,320
68$46,549,991$18,905,481$14,373,456$43,930,956
69$51,259,153$19,792,912$14,816,030$48,141,053
70$56,447,422$20,722,601$15,272,202$52,770,004
71$62,163,630$21,696,579$15,742,392$57,860,096
72$68,461,586$22,716,977$16,227,028$63,457,913
73$75,400,587$23,786,028$16,726,553$69,614,770
74$83,045,978$24,906,075$17,241,423$76,387,198
75$91,469,767$26,079,571$17,772,110$83,837,468
76$100,751,304$27,309,092$18,319,097$92,034,186
77$110,978,035$28,597,334$18,882,884$101,052,928
78$122,246,320$29,947,129$19,463,986$110,976,957
79$134,662,348$31,361,443$20,062,933$121,898,004
80$148,343,139$32,843,385$20,680,273$133,917,128
81$163,417,646$34,396,217$21,316,569$147,145,669
82$180,027,972$36,023,358$21,972,401$161,706,295
83$198,330,717$37,728,394$22,648,367$177,734,156
84$218,498,447$39,515,083$23,345,085$195,378,155
85$240,721,334$41,387,367$24,063,190$214,802,351
86$265,208,940$43,349,378$24,803,337$236,187,501
87$292,192,204$45,405,450$25,566,201$259,732,764
88$321,925,617$47,560,125$26,352,477$285,657,576
89$354,689,627$49,818,169$27,162,882$314,203,715
90$390,793,286$52,184,576$27,998,156$345,637,579
91$430,577,166$54,664,584$28,859,058$380,252,695
92$474,416,574$57,263,686$29,746,374$418,372,486
93$522,725,099$59,987,642$30,660,912$460,353,316
94$575,958,512$62,842,489$31,603,506$506,587,849
95$634,619,070$65,834,560$32,575,013$557,508,748
96$699,260,257$68,970,496$33,576,318$613,592,756
97$770,492,012$72,257,259$34,608,333$675,365,184
98$848,986,483$75,702,150$35,671,998$743,404,868
99$935,484,375$79,312,826$36,768,280$818,349,622
100$1,030,801,942$83,097,315$37,898,179$900,902,255