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%13.4%
1 years$710,180$703,854$697,682$691,658$685,776$676,086
2 years$351,574$345,026$338,681$332,528$326,560$316,816
3 years$232,055$225,479$219,149$213,054$207,183$197,689
4 years$172,307$165,751$159,484$153,493$147,765$138,593
5 years$136,467$129,951$123,766$117,898$112,328$103,505
6 years$112,582$106,114$100,022$94,284$88,882$80,418
7 years$95,528$89,115$83,118$77,516$72,285$64,183
8 years$82,743$76,388$70,491$65,026$59,967$52,226
9 years$72,804$66,509$60,714$55,388$50,501$43,118
10 years$64,858$58,625$52,932$47,745$43,029$35,998
11 years$58,361$52,190$46,600$41,552$37,007$30,321
12 years$52,951$46,843$41,357$36,447$32,069$25,721
13 years$48,376$42,332$36,949$32,177$27,965$21,945
14 years$44,459$38,479$33,199$28,563$24,514$18,814
15 years$41,066$35,151$29,974$25,473$21,584$16,193
16 years$38,101$32,251$27,176$22,809$19,076$13,984
17 years$35,488$29,702$24,729$20,493$16,914$12,111
18 years$33,167$27,446$22,575$18,469$15,039$10,514
19 years$31,093$25,436$20,666$16,688$13,405$9,146
20 years$29,229$23,637$18,966$15,114$11,973$7,970
21 years$27,544$22,017$17,445$13,717$10,715$6,956
22 years$26,015$20,552$16,078$12,472$9,604$6,079
23 years$24,621$19,222$14,846$11,359$8,621$5,318
24 years$23,344$18,009$13,730$10,360$7,749$4,658
25 years$22,172$16,901$12,716$9,461$6,973$4,082
26 years$21,092$15,884$11,794$8,651$6,281$3,581
27 years$20,093$14,949$10,952$7,918$5,663$3,143
28 years$19,168$14,086$10,181$7,255$5,110$2,760
29 years$18,307$13,289$9,474$6,653$4,614$2,426
30 years$17,506$12,550$8,825$6,106$4,169$2,132
31 years$16,758$11,864$8,227$5,607$3,769$1,875
32 years$16,058$11,225$7,676$5,153$3,409$1,649
33 years$15,401$10,631$7,167$4,739$3,086$1,451
34 years$14,785$10,076$6,697$4,360$2,794$1,277
35 years$14,205$9,556$6,261$4,014$2,530$1,125
36 years$13,659$9,070$5,857$3,697$2,293$990
37 years$13,143$8,615$5,482$3,406$2,078$872
38 years$12,656$8,187$5,134$3,139$1,884$768
39 years$12,195$7,785$4,810$2,895$1,708$677
40 years$11,758$7,407$4,508$2,670$1,549$596
41 years$11,343$7,051$4,227$2,463$1,406$525
42 years$10,949$6,715$3,965$2,273$1,276$463
43 years$10,575$6,398$3,721$2,099$1,158$408
44 years$10,218$6,099$3,493$1,938$1,051$360
45 years$9,878$5,816$3,279$1,790$954$317
46 years$9,554$5,548$3,080$1,653$866$279
47 years$9,245$5,294$2,894$1,527$786$246
48 years$8,950$5,054$2,719$1,411$714$217
49 years$8,667$4,826$2,556$1,304$649$191
50 years$8,397$4,610$2,403$1,205$589$169

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 $4,310 every year, while hoping to spend $24,806 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: 53/28/19 Blend
50$8,600,000$8,600,000$8,600,000$8,600,000
51$9,481,646$9,025,846$8,892,546$9,934,777
52$10,422,380$9,441,719$9,164,053$10,661,973
53$11,458,238$9,877,138$9,443,824$11,449,867
54$12,598,896$10,333,036$9,732,109$12,306,658
55$13,855,017$10,810,387$10,029,168$13,238,913
56$15,238,349$11,310,217$10,335,266$14,253,847
57$16,761,840$11,833,597$10,650,677$15,359,390
58$18,439,756$12,381,652$10,975,683$16,564,260
59$20,287,818$12,955,560$11,310,575$17,878,043
60$22,323,350$13,556,556$11,655,654$19,311,278
61$24,565,440$14,185,936$12,011,227$20,875,556
62$27,035,125$14,845,057$12,377,612$22,583,623
63$29,755,583$15,535,340$12,755,138$24,449,501
64$32,752,359$16,258,278$13,144,142$26,488,613
65$36,053,600$17,015,434$13,544,971$28,717,926
66$39,690,323$17,808,446$13,957,983$31,156,107
67$43,696,708$18,639,033$14,383,548$33,823,698
68$48,110,421$19,508,994$14,822,045$36,743,300
69$52,972,967$20,420,218$15,273,867$39,939,786
70$58,330,084$21,374,683$15,739,416$43,440,531
71$64,232,175$22,374,464$16,219,108$47,275,664
72$70,734,779$23,421,735$16,713,371$51,478,347
73$77,899,103$24,518,777$17,222,646$56,085,084
74$85,792,594$25,667,980$17,747,386$61,136,059
75$94,489,576$26,871,848$18,288,061$66,675,510
76$104,071,954$28,133,009$18,845,152$72,752,140
77$114,629,984$29,454,217$19,419,155$79,419,572
78$126,263,127$30,838,359$20,010,582$86,736,846
79$139,080,989$32,288,462$20,619,960$94,768,969
80$153,204,353$33,807,699$21,247,831$103,587,526
81$168,766,318$35,399,398$21,894,755$113,271,341
82$185,913,560$37,067,046$22,561,306$123,907,219
83$204,807,712$38,814,300$23,248,080$135,590,756
84$225,626,894$40,644,996$23,955,685$148,427,230
85$248,567,389$42,563,153$24,684,753$162,532,586
86$273,845,501$44,572,986$25,435,930$178,034,525
87$301,699,594$46,678,914$26,209,886$195,073,694
88$332,392,343$48,885,571$27,007,307$213,805,009
89$366,213,213$51,197,815$27,828,903$234,399,099
90$403,481,193$53,620,740$28,675,403$257,043,914
91$444,547,805$56,159,686$29,547,559$281,946,480
92$489,800,424$58,820,254$30,446,146$309,334,844
93$539,665,936$61,608,315$31,371,961$339,460,216
94$594,614,765$64,530,026$32,325,825$372,599,319
95$655,165,317$67,591,843$33,308,585$409,056,997
96$721,888,869$70,800,533$34,321,113$449,169,071
97$795,414,970$74,163,195$35,364,306$493,305,494
98$876,437,376$77,687,271$36,439,090$541,873,831
99$965,720,605$81,380,564$37,546,416$595,323,085
100$1,064,107,152$85,251,257$38,687,266$654,147,919