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%11%
1 years$693,664$687,485$681,457$675,573$669,828$667,005
2 years$343,398$337,003$330,804$324,795$318,966$316,116
3 years$226,658$220,235$214,052$208,099$202,365$199,577
4 years$168,299$161,896$155,775$149,924$144,328$141,623
5 years$133,293$126,928$120,888$115,156$109,716$107,101
6 years$109,964$103,647$97,695$92,091$86,815$84,294
7 years$93,306$87,042$81,185$75,713$70,604$68,178
8 years$80,819$74,611$68,852$63,514$58,572$56,243
9 years$71,111$64,963$59,302$54,100$49,326$47,092
10 years$63,350$57,261$51,701$46,634$42,029$39,888
11 years$57,004$50,976$45,517$40,586$36,146$34,098
12 years$51,719$45,754$40,395$35,599$31,323$29,366
13 years$47,251$41,348$36,090$31,429$27,315$25,447
14 years$43,425$37,584$32,427$27,899$23,944$22,163
15 years$40,111$34,334$29,277$24,881$21,082$19,387
16 years$37,215$31,501$26,544$22,278$18,632$17,020
17 years$34,662$29,011$24,154$20,017$16,521$14,989
18 years$32,396$26,807$22,050$18,039$14,689$13,235
19 years$30,370$24,845$20,185$16,300$13,093$11,714
20 years$28,549$23,087$18,525$14,763$11,695$10,389
21 years$26,904$21,505$17,040$13,398$10,466$9,230
22 years$25,410$20,074$15,705$12,182$9,381$8,213
23 years$24,048$18,775$14,500$11,094$8,421$7,318
24 years$22,802$17,591$13,410$10,119$7,569$6,528
25 years$21,656$16,508$12,421$9,241$6,811$5,830
26 years$20,601$15,515$11,520$8,449$6,135$5,211
27 years$19,626$14,601$10,697$7,734$5,531$4,662
28 years$18,722$13,759$9,944$7,086$4,991$4,174
29 years$17,882$12,980$9,254$6,498$4,507$3,739
30 years$17,099$12,258$8,620$5,964$4,072$3,351
31 years$16,368$11,588$8,036$5,477$3,682$3,006
32 years$15,684$10,964$7,498$5,034$3,330$2,697
33 years$15,043$10,383$7,001$4,629$3,014$2,421
34 years$14,441$9,841$6,541$4,259$2,729$2,174
35 years$13,875$9,334$6,115$3,921$2,471$1,953
36 years$13,341$8,860$5,721$3,611$2,239$1,755
37 years$12,837$8,415$5,354$3,327$2,030$1,577
38 years$12,361$7,997$5,014$3,066$1,840$1,418
39 years$11,911$7,604$4,698$2,827$1,669$1,275
40 years$11,484$7,235$4,403$2,608$1,513$1,146
41 years$11,079$6,887$4,129$2,406$1,373$1,031
42 years$10,694$6,559$3,873$2,221$1,246$928
43 years$10,329$6,249$3,634$2,050$1,131$835
44 years$9,980$5,957$3,411$1,893$1,026$751
45 years$9,649$5,680$3,203$1,748$932$676
46 years$9,332$5,419$3,009$1,615$846$608
47 years$9,030$5,171$2,826$1,492$768$548
48 years$8,741$4,937$2,656$1,378$698$493
49 years$8,465$4,714$2,497$1,274$634$444
50 years$8,201$4,503$2,347$1,177$575$400

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 $4,171 every year, while hoping to spend $39,364 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: 31/46/23 Blend
50$8,400,000$8,400,000$8,400,000$8,400,000
51$9,261,102$8,815,902$8,685,702$9,482,172
52$10,163,852$9,205,999$8,934,790$10,040,873
53$11,157,362$9,613,890$9,190,904$10,638,061
54$12,250,850$10,040,408$9,454,236$11,280,110
55$13,454,470$10,486,421$9,724,986$11,970,955
56$14,779,411$10,952,840$10,003,358$12,714,908
57$16,238,003$11,440,621$10,289,562$13,516,690
58$17,843,830$11,950,763$10,583,813$14,381,476
59$19,611,862$12,484,312$10,886,333$15,314,939
60$21,558,595$13,042,366$11,197,347$16,323,296
61$23,702,203$13,626,073$11,517,090$17,413,367
62$26,062,716$14,236,639$11,845,800$18,592,632
63$28,662,201$14,875,322$12,183,723$19,869,296
64$31,524,979$15,543,446$12,531,111$21,252,365
65$34,677,845$16,242,394$12,888,222$22,751,723
66$38,150,330$16,973,615$13,255,322$24,378,220
67$41,974,971$17,738,630$13,632,683$26,143,771
68$46,187,625$18,539,030$14,020,584$28,061,459
69$50,827,802$19,376,482$14,419,314$30,145,654
70$55,939,043$20,252,734$14,829,165$32,412,145
71$61,569,324$21,169,617$15,250,441$34,878,277
72$67,771,516$22,129,049$15,683,452$37,563,109
73$74,603,878$23,133,040$16,128,515$40,487,592
74$82,130,610$24,183,696$16,585,957$43,674,751
75$90,422,459$25,283,224$17,056,113$47,149,898
76$99,557,384$26,433,936$17,539,328$50,940,865
77$109,621,295$27,638,256$18,035,952$55,078,253
78$120,708,859$28,898,723$18,546,349$59,595,714
79$132,924,400$30,217,998$19,070,889$64,530,258
80$146,382,879$31,598,870$19,609,954$69,922,596
81$161,210,978$33,044,260$20,163,932$75,817,508
82$177,548,300$34,557,231$20,733,227$82,264,258
83$195,548,684$36,140,992$21,318,247$89,317,046
84$215,381,656$37,798,907$21,919,415$97,035,511
85$237,234,032$39,534,501$22,537,162$105,485,275
86$261,311,679$41,351,468$23,171,933$114,738,555
87$287,841,460$43,253,678$23,824,182$124,874,829
88$317,073,371$45,245,191$24,494,374$135,981,568
89$349,282,908$47,330,259$25,182,989$148,155,055
90$384,773,661$49,513,338$25,890,516$161,501,269
91$423,880,184$51,799,101$26,617,458$176,136,875
92$466,971,150$54,192,444$27,364,330$192,190,303
93$514,452,833$56,698,500$28,131,660$209,802,948
94$566,772,942$59,322,646$28,919,991$229,130,481
95$624,424,849$62,070,523$29,729,878$250,344,300
96$687,952,244$64,948,039$30,561,889$273,633,128
97$757,954,269$67,961,389$31,416,609$299,204,773
98$835,091,174$71,117,067$32,294,634$327,288,064
99$920,090,549$74,421,878$33,196,580$358,134,990
100$1,013,754,193$77,882,957$34,123,072$392,023,056