Can I retire at age 51 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$693,664$687,485$681,457$675,573$669,828$659,546
2 years$343,398$337,003$330,804$324,795$318,966$308,632
3 years$226,658$220,235$214,052$208,099$202,365$192,300
4 years$168,299$161,896$155,775$149,924$144,328$134,611
5 years$133,293$126,928$120,888$115,156$109,716$100,374
6 years$109,964$103,647$97,695$92,091$86,815$77,858
7 years$93,306$87,042$81,185$75,713$70,604$62,036
8 years$80,819$74,611$68,852$63,514$58,572$50,392
9 years$71,111$64,963$59,302$54,100$49,326$41,530
10 years$63,350$57,261$51,701$46,634$42,029$34,609
11 years$57,004$50,976$45,517$40,586$36,146$29,096
12 years$51,719$45,754$40,395$35,599$31,323$24,634
13 years$47,251$41,348$36,090$31,429$27,315$20,977
14 years$43,425$37,584$32,427$27,899$23,944$17,947
15 years$40,111$34,334$29,277$24,881$21,082$15,416
16 years$37,215$31,501$26,544$22,278$18,632$13,285
17 years$34,662$29,011$24,154$20,017$16,521$11,481
18 years$32,396$26,807$22,050$18,039$14,689$9,946
19 years$30,370$24,845$20,185$16,300$13,093$8,633
20 years$28,549$23,087$18,525$14,763$11,695$7,506
21 years$26,904$21,505$17,040$13,398$10,466$6,536
22 years$25,410$20,074$15,705$12,182$9,381$5,699
23 years$24,048$18,775$14,500$11,094$8,421$4,974
24 years$22,802$17,591$13,410$10,119$7,569$4,346
25 years$21,656$16,508$12,421$9,241$6,811$3,801
26 years$20,601$15,515$11,520$8,449$6,135$3,326
27 years$19,626$14,601$10,697$7,734$5,531$2,912
28 years$18,722$13,759$9,944$7,086$4,991$2,551
29 years$17,882$12,980$9,254$6,498$4,507$2,236
30 years$17,099$12,258$8,620$5,964$4,072$1,961
31 years$16,368$11,588$8,036$5,477$3,682$1,720
32 years$15,684$10,964$7,498$5,034$3,330$1,509
33 years$15,043$10,383$7,001$4,629$3,014$1,325
34 years$14,441$9,841$6,541$4,259$2,729$1,163
35 years$13,875$9,334$6,115$3,921$2,471$1,021
36 years$13,341$8,860$5,721$3,611$2,239$897
37 years$12,837$8,415$5,354$3,327$2,030$788
38 years$12,361$7,997$5,014$3,066$1,840$692
39 years$11,911$7,604$4,698$2,827$1,669$608
40 years$11,484$7,235$4,403$2,608$1,513$535
41 years$11,079$6,887$4,129$2,406$1,373$470
42 years$10,694$6,559$3,873$2,221$1,246$413
43 years$10,329$6,249$3,634$2,050$1,131$363
44 years$9,980$5,957$3,411$1,893$1,026$319
45 years$9,649$5,680$3,203$1,748$932$281
46 years$9,332$5,419$3,009$1,615$846$247
47 years$9,030$5,171$2,826$1,492$768$217
48 years$8,741$4,937$2,656$1,378$698$191
49 years$8,465$4,714$2,497$1,274$634$168
50 years$8,201$4,503$2,347$1,177$575$147

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,400,000, adding $6,447 every year, while hoping to spend $39,335 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: 34/38/28 Blend
50$8,400,000$8,400,000$8,400,000$8,400,000
51$9,263,450$8,818,250$8,688,050$9,499,691
52$10,166,470$9,208,492$8,937,248$10,068,746
53$11,160,279$9,616,538$9,193,475$10,677,991
54$12,254,097$10,043,218$9,456,926$11,334,229
55$13,458,082$10,489,402$9,727,800$12,041,670
56$14,783,427$10,956,003$10,006,301$12,804,930
57$16,242,464$11,443,975$10,292,640$13,629,071
58$17,848,783$11,954,318$10,587,032$14,519,647
59$19,617,359$12,488,080$10,889,697$15,482,750
60$21,564,692$13,046,358$11,200,864$16,525,066
61$23,708,963$13,630,302$11,520,766$17,653,932
62$26,070,207$14,241,116$11,849,641$18,877,405
63$28,670,500$14,880,063$12,187,736$20,204,331
64$31,534,169$15,548,464$12,535,303$21,644,423
65$34,688,019$16,247,703$12,892,601$23,208,353
66$38,161,589$16,979,233$13,259,895$24,907,844
67$41,987,428$17,744,572$13,637,458$26,755,775
68$46,201,403$18,545,313$14,025,570$28,766,303
69$50,843,038$19,383,126$14,424,519$30,954,983
70$55,955,887$20,259,757$14,834,599$33,338,917
71$61,587,942$21,177,040$15,256,112$35,936,905
72$67,792,090$22,136,893$15,689,370$38,769,616
73$74,626,610$23,141,328$16,134,691$41,859,782
74$82,155,722$24,192,451$16,592,401$45,232,400
75$90,450,195$25,292,470$17,062,836$48,914,961
76$99,588,015$26,443,701$17,546,340$52,937,707
77$109,655,116$27,648,566$18,043,267$57,333,907
78$120,746,200$28,909,608$18,553,978$62,140,160
79$132,965,621$30,229,487$19,078,845$67,396,734
80$146,428,377$31,610,995$19,618,249$73,147,940
81$161,261,193$33,057,055$20,172,582$79,442,537
82$177,603,716$34,570,732$20,742,244$86,334,187
83$195,609,832$36,155,235$21,327,647$93,881,948
84$215,449,125$37,813,932$21,929,213$102,150,821
85$237,308,469$39,550,348$22,547,375$111,212,356
86$261,393,797$41,368,179$23,182,576$121,145,316
87$287,932,045$43,271,300$23,835,273$132,036,403
88$317,173,290$45,263,770$24,505,931$143,981,071
89$349,393,116$47,349,845$25,195,030$157,084,410
90$384,895,211$49,533,985$25,903,061$171,462,127
91$424,014,235$51,820,863$26,630,526$187,241,621
92$467,118,981$54,215,379$27,377,943$204,563,174
93$514,615,853$56,722,668$28,145,840$223,581,257
94$566,952,704$59,348,113$28,934,759$244,465,975
95$624,623,063$62,097,354$29,745,257$267,404,654
96$688,170,797$64,976,306$30,577,905$292,603,591
97$758,195,239$67,991,166$31,433,285$320,289,986
98$835,356,852$71,148,431$32,311,998$350,714,064
99$920,383,458$74,454,911$33,214,658$384,151,418
100$1,014,077,115$77,917,746$34,141,893$420,905,591