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%18.1%
1 years$685,406$679,301$673,344$667,531$661,854$640,155
2 years$339,310$332,991$326,866$320,928$315,168$293,514
3 years$223,960$217,613$211,504$205,622$199,956$179,026
4 years$166,296$159,969$153,921$148,139$142,610$122,565
5 years$131,707$125,417$119,449$113,785$108,410$89,303
6 years$108,655$102,413$96,532$90,995$85,781$67,628
7 years$92,195$86,006$80,219$74,812$69,763$52,562
8 years$79,857$73,723$68,032$62,758$57,875$41,613
9 years$70,265$64,189$58,596$53,456$48,739$33,397
10 years$62,596$56,580$51,085$46,079$41,528$27,082
11 years$56,325$50,370$44,975$40,103$35,716$22,139
12 years$51,104$45,209$39,914$35,176$30,950$18,212
13 years$46,689$40,856$35,660$31,055$26,989$15,058
14 years$42,908$37,137$32,041$27,567$23,659$12,502
15 years$39,634$33,925$28,929$24,585$20,831$10,413
16 years$36,772$31,126$26,228$22,013$18,411$8,698
17 years$34,250$28,665$23,867$19,779$16,324$7,281
18 years$32,010$26,488$21,787$17,824$14,515$6,106
19 years$30,008$24,549$19,945$16,106$12,937$5,129
20 years$28,209$22,812$18,305$14,587$11,556$4,314
21 years$26,583$21,249$16,837$13,239$10,341$3,632
22 years$25,107$19,835$15,518$12,037$9,269$3,060
23 years$23,762$18,551$14,328$10,962$8,321$2,581
24 years$22,530$17,381$13,251$9,998$7,479$2,178
25 years$21,399$16,311$12,273$9,131$6,730$1,839
26 years$20,356$15,330$11,382$8,349$6,062$1,553
27 years$19,392$14,427$10,570$7,642$5,465$1,313
28 years$18,499$13,595$9,826$7,002$4,931$1,109
29 years$17,669$12,825$9,144$6,421$4,453$938
30 years$16,895$12,112$8,517$5,893$4,024$793
31 years$16,173$11,450$7,940$5,412$3,638$671
32 years$15,497$10,834$7,408$4,974$3,291$568
33 years$14,864$10,260$6,917$4,574$2,978$480
34 years$14,269$9,724$6,463$4,208$2,696$406
35 years$13,710$9,223$6,042$3,874$2,442$344
36 years$13,182$8,754$5,653$3,568$2,213$291
37 years$12,685$8,314$5,291$3,287$2,005$246
38 years$12,214$7,902$4,955$3,030$1,818$209
39 years$11,769$7,514$4,642$2,794$1,649$177
40 years$11,347$7,149$4,351$2,577$1,495$149
41 years$10,947$6,805$4,080$2,377$1,357$127
42 years$10,567$6,481$3,827$2,194$1,231$107
43 years$10,206$6,175$3,591$2,025$1,117$91
44 years$9,862$5,886$3,371$1,870$1,014$77
45 years$9,534$5,613$3,165$1,727$921$65
46 years$9,221$5,354$2,973$1,595$836$55
47 years$8,923$5,110$2,793$1,474$759$47
48 years$8,637$4,878$2,624$1,362$689$39
49 years$8,365$4,658$2,467$1,259$626$33
50 years$8,104$4,450$2,319$1,163$569$28

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 $3,739 every year, while hoping to spend $44,041 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: 37/38/25 Blend
50$8,300,000$8,300,000$8,300,000$8,300,000
51$9,150,457$8,710,557$8,581,907$9,420,310
52$10,036,944$9,090,515$8,822,541$9,998,682
53$11,012,377$9,487,615$9,069,761$10,618,668
54$12,085,782$9,902,650$9,323,740$11,287,500
55$13,267,103$10,336,451$9,584,657$12,009,610
56$14,567,299$10,789,889$9,852,695$12,789,860
57$15,998,444$11,263,874$10,128,040$13,633,586
58$17,573,842$11,759,361$10,410,887$14,546,641
59$19,308,153$12,277,348$10,701,430$15,535,454
60$21,217,529$12,818,883$10,999,873$16,607,079
61$23,319,771$13,385,062$11,306,422$17,769,264
62$25,634,489$13,977,032$11,621,289$19,030,518
63$28,183,296$14,595,995$11,944,692$20,400,189
64$30,990,005$15,243,212$12,276,852$21,888,547
65$34,080,857$15,920,001$12,617,997$23,506,874
66$37,484,767$16,627,743$12,968,363$25,267,573
67$41,233,597$17,367,886$13,328,186$27,184,274
68$45,362,457$18,141,946$13,697,714$29,271,960
69$49,910,036$18,951,510$14,077,196$31,547,104
70$54,918,968$19,798,242$14,466,890$34,027,819
71$60,436,231$20,683,884$14,867,059$36,734,023
72$66,513,594$21,610,262$15,277,973$39,687,622
73$73,208,103$22,579,288$15,699,908$42,912,710
74$80,582,622$23,592,964$16,133,147$46,435,789
75$88,706,420$24,653,391$16,577,978$50,286,016
76$97,655,834$25,762,766$17,034,700$54,495,470
77$107,514,981$26,923,394$17,503,614$59,099,445
78$118,376,556$28,137,687$17,985,032$64,136,778
79$130,342,706$29,408,174$18,479,271$69,650,211
80$143,525,992$30,737,505$18,986,658$75,686,779
81$158,050,456$32,128,456$19,507,524$82,298,251
82$174,052,788$33,583,935$20,042,210$89,541,609
83$191,683,614$35,106,990$20,591,066$97,479,575
84$211,108,924$36,700,814$21,154,448$106,181,195
85$232,511,633$38,368,753$21,732,722$115,722,479
86$256,093,311$40,114,313$22,326,259$126,187,109
87$282,076,084$41,941,169$22,935,444$137,667,218
88$310,704,728$43,853,170$23,560,665$150,264,248
89$342,248,986$45,854,352$24,202,323$164,089,895
90$377,006,109$47,948,940$24,860,827$179,267,151
91$415,303,661$50,141,368$25,536,594$195,931,452
92$457,502,616$52,436,276$26,230,051$214,231,943
93$504,000,761$54,838,531$26,941,635$234,332,869
94$555,236,452$57,353,233$27,671,793$256,415,116
95$611,692,753$59,985,725$28,420,982$280,677,895
96$673,901,996$62,741,607$29,189,667$307,340,613
97$742,450,804$65,626,750$29,978,325$336,644,923
98$817,985,630$68,647,306$30,787,444$368,856,989
99$901,218,862$71,809,721$31,617,520$404,269,978
100$992,935,542$75,120,754$32,469,063$443,206,809