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%12.8%
1 years$685,406$679,301$673,344$667,531$661,854$654,126
2 years$339,310$332,991$326,866$320,928$315,168$307,390
3 years$223,960$217,613$211,504$205,622$199,956$192,368
4 years$166,296$159,969$153,921$148,139$142,610$135,272
5 years$131,707$125,417$119,449$113,785$108,410$101,343
6 years$108,655$102,413$96,532$90,995$85,781$78,993
7 years$92,195$86,006$80,219$74,812$69,763$63,257
8 years$79,857$73,723$68,032$62,758$57,875$51,651
9 years$70,265$64,189$58,596$53,456$48,739$42,794
10 years$62,596$56,580$51,085$46,079$41,528$35,858
11 years$56,325$50,370$44,975$40,103$35,716$30,316
12 years$51,104$45,209$39,914$35,176$30,950$25,815
13 years$46,689$40,856$35,660$31,055$26,989$22,112
14 years$42,908$37,137$32,041$27,567$23,659$19,033
15 years$39,634$33,925$28,929$24,585$20,831$16,449
16 years$36,772$31,126$26,228$22,013$18,411$14,264
17 years$34,250$28,665$23,867$19,779$16,324$12,406
18 years$32,010$26,488$21,787$17,824$14,515$10,816
19 years$30,008$24,549$19,945$16,106$12,937$9,450
20 years$28,209$22,812$18,305$14,587$11,556$8,272
21 years$26,583$21,249$16,837$13,239$10,341$7,252
22 years$25,107$19,835$15,518$12,037$9,269$6,366
23 years$23,762$18,551$14,328$10,962$8,321$5,596
24 years$22,530$17,381$13,251$9,998$7,479$4,923
25 years$21,399$16,311$12,273$9,131$6,730$4,336
26 years$20,356$15,330$11,382$8,349$6,062$3,821
27 years$19,392$14,427$10,570$7,642$5,465$3,370
28 years$18,499$13,595$9,826$7,002$4,931$2,974
29 years$17,669$12,825$9,144$6,421$4,453$2,626
30 years$16,895$12,112$8,517$5,893$4,024$2,320
31 years$16,173$11,450$7,940$5,412$3,638$2,050
32 years$15,497$10,834$7,408$4,974$3,291$1,813
33 years$14,864$10,260$6,917$4,574$2,978$1,603
34 years$14,269$9,724$6,463$4,208$2,696$1,418
35 years$13,710$9,223$6,042$3,874$2,442$1,255
36 years$13,182$8,754$5,653$3,568$2,213$1,110
37 years$12,685$8,314$5,291$3,287$2,005$983
38 years$12,214$7,902$4,955$3,030$1,818$870
39 years$11,769$7,514$4,642$2,794$1,649$771
40 years$11,347$7,149$4,351$2,577$1,495$682
41 years$10,947$6,805$4,080$2,377$1,357$604
42 years$10,567$6,481$3,827$2,194$1,231$535
43 years$10,206$6,175$3,591$2,025$1,117$474
44 years$9,862$5,886$3,371$1,870$1,014$420
45 years$9,534$5,613$3,165$1,727$921$372
46 years$9,221$5,354$2,973$1,595$836$330
47 years$8,923$5,110$2,793$1,474$759$292
48 years$8,637$4,878$2,624$1,362$689$259
49 years$8,365$4,658$2,467$1,259$626$230
50 years$8,104$4,450$2,319$1,163$569$203

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 $2,570 every year, while hoping to spend $48,169 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: 55/29/16 Blend
50$8,300,000$8,300,000$8,300,000$8,300,000
51$9,149,251$8,709,351$8,580,701$9,613,537
52$10,031,223$9,084,858$8,816,903$10,305,470
53$11,001,542$9,477,150$9,059,403$11,053,142
54$12,069,168$9,886,999$9,308,362$11,866,204
55$13,243,974$10,315,213$9,563,944$12,750,914
56$14,536,839$10,762,638$9,826,315$13,714,150
57$15,959,748$11,230,159$10,095,648$14,763,475
58$17,525,909$11,718,703$10,372,119$15,907,205
59$19,249,874$12,229,241$10,655,907$17,154,485
60$21,147,677$12,762,790$10,947,195$18,515,374
61$23,236,987$13,320,414$11,246,173$20,000,935
62$25,537,272$13,903,227$11,553,033$21,623,339
63$28,069,985$14,512,396$11,867,971$23,395,976
64$30,858,764$15,149,144$12,191,188$25,333,579
65$33,929,656$15,814,750$12,522,891$27,452,359
66$37,311,363$16,510,555$12,863,290$29,770,153
67$41,035,511$17,237,962$13,212,600$32,306,595
68$45,136,953$17,998,441$13,571,041$35,083,290
69$49,654,089$18,793,532$13,938,838$38,124,021
70$54,629,238$19,624,847$14,316,221$41,454,964
71$60,109,031$20,494,075$14,703,425$45,104,936
72$66,144,853$21,402,985$15,100,691$49,105,659
73$72,793,327$22,353,430$15,508,262$53,492,057
74$80,116,848$23,347,350$15,926,391$58,302,580
75$88,184,175$24,386,778$16,355,333$63,579,562
76$97,071,074$25,473,844$16,795,350$69,369,619
77$106,861,038$26,610,777$17,246,710$75,724,077
78$117,646,073$27,799,915$17,709,684$82,699,457
79$129,527,566$29,043,704$18,184,552$90,358,001
80$142,617,242$30,344,709$18,671,598$98,768,252
81$157,038,217$31,705,616$19,171,113$108,005,697
82$172,926,163$33,129,240$19,683,393$118,153,473
83$190,430,586$34,618,527$20,208,741$129,303,141
84$209,716,238$36,176,567$20,747,466$141,555,549
85$230,964,671$37,806,595$21,299,883$155,021,772
86$254,375,952$39,512,002$21,866,313$169,824,156
87$280,170,548$41,296,340$22,447,084$186,097,462
88$308,591,414$43,163,330$23,042,531$203,990,130
89$339,906,277$45,116,873$23,652,995$223,665,676
90$374,410,171$47,161,052$24,278,823$245,304,217
91$412,428,215$49,300,151$24,920,371$269,104,172
92$454,318,688$51,538,653$25,577,998$295,284,117
93$500,476,407$53,881,261$26,252,075$324,084,843
94$551,336,456$56,332,898$26,942,975$355,771,614
95$607,378,291$58,898,726$27,651,081$390,636,663
96$669,130,267$61,584,154$28,376,782$429,001,935
97$737,174,625$64,394,848$29,120,475$471,222,117
98$812,152,990$67,336,749$29,882,563$517,687,972
99$894,772,424$70,416,078$30,663,458$568,830,011
100$985,812,104$73,639,360$31,463,578$625,122,549