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

Use the below retirement simulation to view the chances of a successful retirement.
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%
1 years$710,180$703,854$697,682$691,658$685,776$677,207
2 years$351,574$345,026$338,681$332,528$326,560$317,937
3 years$232,055$225,479$219,149$213,054$207,183$198,775
4 years$172,307$165,751$159,484$153,493$147,765$139,636
5 years$136,467$129,951$123,766$117,898$112,328$104,503
6 years$112,582$106,114$100,022$94,284$88,882$81,369
7 years$95,528$89,115$83,118$77,516$72,285$65,087
8 years$82,743$76,388$70,491$65,026$59,967$53,084
9 years$72,804$66,509$60,714$55,388$50,501$43,930
10 years$64,858$58,625$52,932$47,745$43,029$36,765
11 years$58,361$52,190$46,600$41,552$37,007$31,044
12 years$52,951$46,843$41,357$36,447$32,069$26,402
13 years$48,376$42,332$36,949$32,177$27,965$22,585
14 years$44,459$38,479$33,199$28,563$24,514$19,414
15 years$41,066$35,151$29,974$25,473$21,584$16,755
16 years$38,101$32,251$27,176$22,809$19,076$14,510
17 years$35,488$29,702$24,729$20,493$16,914$12,602
18 years$33,167$27,446$22,575$18,469$15,039$10,971
19 years$31,093$25,436$20,666$16,688$13,405$9,572
20 years$29,229$23,637$18,966$15,114$11,973$8,366
21 years$27,544$22,017$17,445$13,717$10,715$7,324
22 years$26,015$20,552$16,078$12,472$9,604$6,420
23 years$24,621$19,222$14,846$11,359$8,621$5,634
24 years$23,344$18,009$13,730$10,360$7,749$4,949
25 years$22,172$16,901$12,716$9,461$6,973$4,352
26 years$21,092$15,884$11,794$8,651$6,281$3,829
27 years$20,093$14,949$10,952$7,918$5,663$3,372
28 years$19,168$14,086$10,181$7,255$5,110$2,971
29 years$18,307$13,289$9,474$6,653$4,614$2,619
30 years$17,506$12,550$8,825$6,106$4,169$2,310
31 years$16,758$11,864$8,227$5,607$3,769$2,038
32 years$16,058$11,225$7,676$5,153$3,409$1,799
33 years$15,401$10,631$7,167$4,739$3,086$1,588
34 years$14,785$10,076$6,697$4,360$2,794$1,402
35 years$14,205$9,556$6,261$4,014$2,530$1,239
36 years$13,659$9,070$5,857$3,697$2,293$1,094
37 years$13,143$8,615$5,482$3,406$2,078$967
38 years$12,656$8,187$5,134$3,139$1,884$855
39 years$12,195$7,785$4,810$2,895$1,708$756
40 years$11,758$7,407$4,508$2,670$1,549$668
41 years$11,343$7,051$4,227$2,463$1,406$591
42 years$10,949$6,715$3,965$2,273$1,276$522
43 years$10,575$6,398$3,721$2,099$1,158$462
44 years$10,218$6,099$3,493$1,938$1,051$409
45 years$9,878$5,816$3,279$1,790$954$361
46 years$9,554$5,548$3,080$1,653$866$320
47 years$9,245$5,294$2,894$1,527$786$283
48 years$8,950$5,054$2,719$1,411$714$250
49 years$8,667$4,826$2,556$1,304$649$221
50 years$8,397$4,610$2,403$1,205$589$196

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 $5,410 every year, while hoping to spend $34,125 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: 42/37/21 Blend
50$8,600,000$8,600,000$8,600,000$8,600,000
51$9,482,780$9,026,980$8,893,680$9,822,512
52$10,413,715$9,432,994$9,155,310$10,470,604
53$11,438,462$9,857,758$9,424,560$11,168,276
54$12,566,553$10,302,156$9,701,651$11,923,104
55$13,808,492$10,767,112$9,986,807$12,740,358
56$15,175,854$11,253,597$10,280,261$13,625,822
57$16,681,392$11,762,624$10,582,250$14,585,844
58$18,339,159$12,295,257$10,893,021$15,627,396
59$20,164,641$12,852,613$11,212,825$16,758,130
60$22,174,901$13,435,857$11,541,921$17,986,456
61$24,388,741$14,046,215$11,880,576$19,321,607
62$26,826,882$14,684,968$12,229,064$20,773,733
63$29,512,153$15,353,461$12,587,667$22,353,981
64$32,469,713$16,053,101$12,956,674$24,074,606
65$35,727,285$16,785,364$13,336,384$25,949,077
66$39,315,417$17,551,796$13,727,102$27,992,200
67$43,267,773$18,354,018$14,129,144$30,220,252
68$47,621,449$19,193,728$14,542,833$32,651,132
69$52,417,321$20,072,704$14,968,502$35,304,524
70$57,700,433$20,992,813$15,406,493$38,202,073
71$63,520,425$21,956,008$15,857,158$41,367,588
72$69,931,994$22,964,338$16,320,858$44,827,262
73$76,995,417$24,019,950$16,797,966$48,609,904
74$84,777,114$25,125,093$17,288,863$52,747,215
75$93,350,283$26,282,125$17,793,943$57,274,073
76$102,795,580$27,493,517$18,313,608$62,228,857
77$113,201,890$28,761,861$18,848,275$67,653,801
78$124,667,160$30,089,869$19,398,370$73,595,385
79$137,299,326$31,480,389$19,964,331$80,104,766
80$151,217,331$32,936,401$20,546,609$87,238,252
81$166,552,246$34,461,032$21,145,669$95,057,822
82$183,448,512$36,057,559$21,761,985$103,631,703
83$202,065,296$37,729,416$22,396,048$113,035,004
84$222,578,002$39,480,203$23,048,360$123,350,416
85$245,179,917$41,313,692$23,719,440$134,668,976
86$270,084,045$43,233,840$24,409,818$147,090,922
87$297,525,112$45,244,791$25,120,040$160,726,622
88$327,761,780$47,350,893$25,850,669$175,697,606
89$361,079,096$49,556,701$26,602,280$192,137,696
90$397,791,175$51,866,990$27,375,467$210,194,261
91$438,244,169$54,286,767$28,170,840$230,029,589
92$482,819,534$56,821,279$28,989,023$251,822,406
93$531,937,633$59,476,028$29,830,662$275,769,549
94$586,061,698$62,256,780$30,696,416$302,087,801
95$645,702,211$65,169,582$31,586,965$331,015,928
96$711,421,716$68,220,770$32,503,008$362,816,910
97$783,840,133$71,416,991$33,445,261$397,780,405
98$863,640,611$74,765,208$34,414,462$436,225,467
99$951,575,975$78,272,725$35,411,368$478,503,530
100$1,048,475,833$81,947,196$36,436,757$525,001,713