Can I retire at age 51 with 8,600,000?

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 $8,600,000?

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$710,180$703,854$697,682$691,658$685,776$675,249
2 years$351,574$345,026$338,681$332,528$326,560$315,980
3 years$232,055$225,479$219,149$213,054$207,183$196,879
4 years$172,307$165,751$159,484$153,493$147,765$137,816
5 years$136,467$129,951$123,766$117,898$112,328$102,764
6 years$112,582$106,114$100,022$94,284$88,882$79,712
7 years$95,528$89,115$83,118$77,516$72,285$63,513
8 years$82,743$76,388$70,491$65,026$59,967$51,592
9 years$72,804$66,509$60,714$55,388$50,501$42,519
10 years$64,858$58,625$52,932$47,745$43,029$35,433
11 years$58,361$52,190$46,600$41,552$37,007$29,789
12 years$52,951$46,843$41,357$36,447$32,069$25,221
13 years$48,376$42,332$36,949$32,177$27,965$21,477
14 years$44,459$38,479$33,199$28,563$24,514$18,375
15 years$41,066$35,151$29,974$25,473$21,584$15,783
16 years$38,101$32,251$27,176$22,809$19,076$13,602
17 years$35,488$29,702$24,729$20,493$16,914$11,755
18 years$33,167$27,446$22,575$18,469$15,039$10,182
19 years$31,093$25,436$20,666$16,688$13,405$8,838
20 years$29,229$23,637$18,966$15,114$11,973$7,685
21 years$27,544$22,017$17,445$13,717$10,715$6,692
22 years$26,015$20,552$16,078$12,472$9,604$5,835
23 years$24,621$19,222$14,846$11,359$8,621$5,093
24 years$23,344$18,009$13,730$10,360$7,749$4,450
25 years$22,172$16,901$12,716$9,461$6,973$3,891
26 years$21,092$15,884$11,794$8,651$6,281$3,405
27 years$20,093$14,949$10,952$7,918$5,663$2,981
28 years$19,168$14,086$10,181$7,255$5,110$2,612
29 years$18,307$13,289$9,474$6,653$4,614$2,290
30 years$17,506$12,550$8,825$6,106$4,169$2,008
31 years$16,758$11,864$8,227$5,607$3,769$1,761
32 years$16,058$11,225$7,676$5,153$3,409$1,545
33 years$15,401$10,631$7,167$4,739$3,086$1,356
34 years$14,785$10,076$6,697$4,360$2,794$1,191
35 years$14,205$9,556$6,261$4,014$2,530$1,046
36 years$13,659$9,070$5,857$3,697$2,293$919
37 years$13,143$8,615$5,482$3,406$2,078$807
38 years$12,656$8,187$5,134$3,139$1,884$709
39 years$12,195$7,785$4,810$2,895$1,708$623
40 years$11,758$7,407$4,508$2,670$1,549$547
41 years$11,343$7,051$4,227$2,463$1,406$481
42 years$10,949$6,715$3,965$2,273$1,276$423
43 years$10,575$6,398$3,721$2,099$1,158$372
44 years$10,218$6,099$3,493$1,938$1,051$327
45 years$9,878$5,816$3,279$1,790$954$287
46 years$9,554$5,548$3,080$1,653$866$253
47 years$9,245$5,294$2,894$1,527$786$222
48 years$8,950$5,054$2,719$1,411$714$195
49 years$8,667$4,826$2,556$1,304$649$172
50 years$8,397$4,610$2,403$1,205$589$151

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,600,000, adding $4,980 every year, while hoping to spend $39,132 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: 69/13/18 Blend
50$8,600,000$8,600,000$8,600,000$8,600,000
51$9,482,337$9,026,537$8,893,237$10,095,112
52$10,407,899$9,427,201$9,149,524$10,905,078
53$11,426,557$9,846,186$9,413,086$11,785,921
54$12,547,765$10,284,349$9,684,123$12,748,751
55$13,781,941$10,742,586$9,962,845$13,801,650
56$15,140,564$11,221,837$10,249,465$14,953,514
57$16,636,281$11,723,087$10,544,202$16,214,136
58$18,283,030$12,247,367$10,847,281$17,594,295
59$20,096,168$12,795,756$11,158,934$19,105,860
60$22,092,616$13,369,387$11,479,397$20,761,896
61$24,291,021$13,969,445$11,808,915$22,576,789
62$26,711,929$14,597,172$12,147,738$24,566,377
63$29,377,982$15,253,869$12,496,123$26,748,102
64$32,314,127$15,940,900$12,854,334$29,141,169
65$35,547,856$16,659,692$13,222,642$31,766,728
66$39,109,463$17,411,742$13,601,326$34,648,068
67$43,032,329$18,198,619$13,990,671$37,810,841
68$47,353,239$19,021,963$14,390,971$41,283,294
69$52,112,727$19,883,497$14,802,527$45,096,542
70$57,355,461$20,785,025$15,225,647$49,284,850
71$63,130,662$21,728,435$15,660,650$53,885,964
72$69,492,570$22,715,708$16,107,862$58,941,455
73$76,500,953$23,748,918$16,567,616$64,497,119
74$84,221,675$24,830,241$17,040,257$70,603,395
75$92,727,316$25,961,953$17,526,136$77,315,849
76$102,097,857$27,146,443$18,025,615$84,695,689
77$112,421,431$28,386,212$18,539,066$92,810,342
78$123,795,163$29,683,881$19,066,871$101,734,086
79$136,326,077$31,042,199$19,609,419$111,548,750
80$150,132,115$32,464,045$20,167,112$122,344,480
81$165,343,242$33,952,435$20,740,362$134,220,590
82$182,102,682$35,510,533$21,329,593$147,286,492
83$200,568,258$37,141,652$21,935,237$161,662,726
84$220,913,893$38,849,265$22,557,740$177,482,095
85$243,331,244$40,637,014$23,197,558$194,890,914
86$268,031,515$42,508,712$23,855,161$214,050,386
87$295,247,450$44,468,358$24,531,029$235,138,118
88$325,235,526$46,520,144$25,225,655$258,349,796
89$358,278,380$48,668,462$25,939,545$283,901,025
90$394,687,474$50,917,916$26,673,218$312,029,357
91$434,806,033$53,273,330$27,427,208$342,996,532
92$479,012,289$55,739,764$28,202,060$377,090,942
93$527,723,049$58,322,519$28,998,335$414,630,346
94$581,397,628$61,027,150$29,816,608$455,964,864
95$640,542,189$63,859,484$30,657,468$501,480,276
96$705,714,519$66,825,626$31,521,519$551,601,656
97$777,529,293$69,931,974$32,409,383$606,797,381
98$856,663,879$73,185,238$33,321,695$667,583,540
99$943,864,730$76,592,451$34,259,107$734,528,804
100$1,039,954,433$80,160,982$35,222,289$808,259,780