Can I retire at age 51 with 8,500,000?

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 $8,500,000?

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 years$701,922$695,670$689,570$683,616$677,802$655,843
2 years$347,486$341,015$334,743$328,661$322,763$300,845
3 years$229,356$222,857$216,601$210,577$204,774$183,586
4 years$170,303$163,823$157,630$151,709$146,047$125,750
5 years$134,880$128,439$122,327$116,527$111,022$91,672
6 years$111,273$104,880$98,859$93,187$87,848$69,460
7 years$94,417$88,078$82,152$76,614$71,444$54,017
8 years$81,781$75,500$69,671$64,270$59,270$42,790
9 years$71,958$65,736$60,008$54,744$49,914$34,363
10 years$64,104$57,943$52,316$47,190$42,529$27,883
11 years$57,683$51,583$46,058$41,069$36,576$22,808
12 years$52,335$46,298$40,876$36,023$31,696$18,775
13 years$47,814$41,840$36,520$31,803$27,640$15,534
14 years$43,942$38,032$32,813$28,231$24,229$12,906
15 years$40,589$34,743$29,626$25,177$21,333$10,758
16 years$37,658$31,876$26,860$22,544$18,854$8,992
17 years$35,075$29,356$24,442$20,255$16,717$7,533
18 years$32,781$27,126$22,312$18,254$14,864$6,322
19 years$30,731$25,141$20,426$16,494$13,249$5,314
20 years$28,889$23,362$18,746$14,939$11,834$4,473
21 years$27,224$21,761$17,242$13,558$10,590$3,769
22 years$25,712$20,313$15,892$12,327$9,493$3,178
23 years$24,334$18,998$14,673$11,226$8,521$2,683
24 years$23,073$17,800$13,570$10,239$7,659$2,265
25 years$21,914$16,704$12,569$9,351$6,892$1,914
26 years$20,847$15,699$11,657$8,550$6,208$1,618
27 years$19,860$14,775$10,824$7,826$5,597$1,369
28 years$18,945$13,922$10,063$7,170$5,050$1,158
29 years$18,094$13,134$9,364$6,575$4,560$980
30 years$17,302$12,404$8,722$6,035$4,121$829
31 years$16,563$11,726$8,132$5,542$3,725$702
32 years$15,871$11,095$7,587$5,093$3,370$594
33 years$15,222$10,507$7,084$4,684$3,050$503
34 years$14,613$9,958$6,619$4,310$2,761$426
35 years$14,040$9,445$6,188$3,967$2,501$361
36 years$13,500$8,965$5,789$3,654$2,266$306
37 years$12,990$8,515$5,418$3,366$2,054$259
38 years$12,509$8,092$5,074$3,103$1,862$219
39 years$12,053$7,695$4,754$2,861$1,688$186
40 years$11,621$7,321$4,456$2,639$1,531$158
41 years$11,211$6,969$4,178$2,435$1,389$133
42 years$10,822$6,637$3,919$2,247$1,261$113
43 years$10,452$6,324$3,678$2,074$1,144$96
44 years$10,099$6,028$3,452$1,915$1,039$81
45 years$9,763$5,748$3,241$1,769$943$69
46 years$9,443$5,483$3,044$1,634$856$58
47 years$9,138$5,233$2,860$1,509$777$49
48 years$8,846$4,995$2,688$1,395$706$42
49 years$8,566$4,770$2,526$1,289$641$35
50 years$8,299$4,557$2,375$1,191$582$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,500,000, adding $3,398 every year, while hoping to spend $57,890 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: 81/10/9 Blend
50$8,500,000$8,500,000$8,500,000$8,500,000
51$9,370,505$8,920,005$8,788,255$10,117,131
52$10,264,702$9,295,491$9,021,067$10,982,246
53$11,248,167$9,687,435$9,259,738$11,923,597
54$12,329,944$10,096,583$9,504,403$12,955,071
55$13,519,998$10,523,715$9,755,200$14,085,658
56$14,829,308$10,969,648$10,012,270$15,325,257
57$16,269,971$11,435,234$10,275,754$16,684,768
58$17,855,315$11,921,368$10,545,800$18,176,198
59$19,600,029$12,428,986$10,822,555$19,812,767
60$21,520,292$12,959,067$11,106,171$21,609,036
61$23,633,935$13,512,635$11,396,801$23,581,044
62$25,960,605$14,090,763$11,694,603$25,746,454
63$28,521,950$14,694,573$11,999,735$28,124,723
64$31,341,823$15,325,241$12,312,360$30,737,280
65$34,446,507$15,983,997$12,632,643$33,607,734
66$37,864,966$16,672,128$12,960,752$36,762,085
67$41,629,113$17,390,982$13,296,857$40,228,979
68$45,774,113$18,141,970$13,641,132$44,039,971
69$50,338,716$18,926,571$13,993,754$48,229,819
70$55,365,621$19,746,329$14,354,901$52,836,817
71$60,901,880$20,602,865$14,724,756$57,903,153
72$66,999,340$21,497,873$15,103,503$63,475,299
73$73,715,133$22,433,129$15,491,331$69,604,459
74$81,112,216$23,410,491$15,888,429$76,347,041
75$89,259,962$24,431,906$16,294,992$83,765,193
76$98,234,819$25,499,410$16,711,215$91,927,384
77$108,121,027$26,615,137$17,137,297$100,909,053
78$119,011,415$27,781,323$17,573,440$110,793,313
79$131,008,277$29,000,305$18,019,848$121,671,740
80$144,224,337$30,274,536$18,476,728$133,645,228
81$158,783,811$31,606,580$18,944,290$146,824,946
82$174,823,582$32,999,124$19,422,746$161,333,380
83$192,494,490$34,454,984$19,912,311$177,305,488
84$211,962,756$35,977,106$20,413,202$194,889,972
85$233,411,551$37,568,578$20,925,638$214,250,679
86$257,042,724$39,232,633$21,449,841$235,568,143
87$283,078,707$40,972,657$21,986,036$259,041,289
88$311,764,615$42,792,198$22,534,448$284,889,305
89$343,370,560$44,694,970$23,095,306$313,353,710
90$378,194,199$46,684,866$23,668,841$344,700,627
91$416,563,545$48,765,961$24,255,285$379,223,298
92$458,840,060$50,942,527$24,854,870$417,244,842
93$505,422,071$53,219,035$25,467,833$459,121,305
94$556,748,528$55,600,173$26,094,411$505,245,015
95$613,303,145$58,090,850$26,734,841$556,048,286
96$675,618,971$60,696,206$27,389,363$612,007,487
97$744,283,416$63,421,631$28,058,218$673,647,542
98$819,943,802$66,272,767$28,741,645$741,546,878
99$903,313,466$69,255,529$29,439,886$816,342,878
100$995,178,500$72,376,112$30,153,184$898,737,896