Can I retire at age 51 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$718,438$712,038$705,795$699,701$693,750$689,667
2 years$355,662$349,038$342,619$336,395$330,357$326,238
3 years$234,753$228,100$221,697$215,531$209,592$205,564
4 years$174,310$167,678$161,339$155,278$149,483$145,577
5 years$138,054$131,462$125,205$119,269$113,635$109,863
6 years$113,891$107,348$101,185$95,380$89,915$86,282
7 years$96,638$90,151$84,085$78,417$73,125$69,632
8 years$83,705$77,276$71,311$65,782$60,664$57,312
9 years$73,651$67,283$61,420$56,032$51,088$47,876
10 years$65,612$59,306$53,547$48,300$43,530$40,456
11 years$59,040$52,797$47,142$42,035$37,437$34,499
12 years$53,566$47,388$41,837$36,871$32,442$29,638
13 years$48,939$42,825$37,379$32,551$28,290$25,617
14 years$44,976$38,926$33,585$28,895$24,799$22,253
15 years$41,544$35,560$30,323$25,770$21,835$19,414
16 years$38,544$32,626$27,492$23,074$19,298$16,997
17 years$35,900$30,047$25,017$20,732$17,111$14,928
18 years$33,553$27,765$22,837$18,683$15,214$13,145
19 years$31,454$25,732$20,906$16,882$13,561$11,601
20 years$29,569$23,911$19,187$15,290$12,113$10,259
21 years$27,864$22,273$17,648$13,877$10,839$9,088
22 years$26,317$20,791$16,265$12,617$9,716$8,062
23 years$24,907$19,445$15,018$11,491$8,722$7,162
24 years$23,616$18,219$13,889$10,480$7,839$6,370
25 years$22,430$17,097$12,864$9,571$7,054$5,671
26 years$21,337$16,069$11,931$8,751$6,354$5,053
27 years$20,327$15,123$11,079$8,010$5,729$4,507
28 years$19,390$14,250$10,299$7,339$5,169$4,022
29 years$18,520$13,443$9,584$6,730$4,668$3,591
30 years$17,709$12,696$8,928$6,177$4,217$3,209
31 years$16,953$12,002$8,323$5,673$3,813$2,869
32 years$16,244$11,356$7,765$5,213$3,449$2,565
33 years$15,580$10,754$7,251$4,794$3,121$2,295
34 years$14,957$10,193$6,775$4,411$2,826$2,054
35 years$14,370$9,668$6,334$4,061$2,560$1,839
36 years$13,818$9,176$5,925$3,740$2,319$1,647
37 years$13,296$8,715$5,546$3,446$2,102$1,475
38 years$12,803$8,282$5,193$3,176$1,906$1,322
39 years$12,336$7,876$4,866$2,928$1,728$1,184
40 years$11,894$7,493$4,561$2,701$1,567$1,062
41 years$11,475$7,133$4,276$2,492$1,422$952
42 years$11,076$6,793$4,011$2,300$1,290$853
43 years$10,697$6,472$3,764$2,123$1,171$765
44 years$10,337$6,169$3,533$1,960$1,063$686
45 years$9,993$5,883$3,318$1,810$965$615
46 years$9,665$5,612$3,116$1,672$876$552
47 years$9,353$5,356$2,927$1,545$796$495
48 years$9,054$5,113$2,751$1,428$723$444
49 years$8,768$4,883$2,586$1,319$656$398
50 years$8,494$4,664$2,431$1,219$596$357

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,700,000, adding $5,445 every year, while hoping to spend $55,122 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: 56/21/23 Blend
50$8,700,000$8,700,000$8,700,000$8,700,000
51$9,593,017$9,131,917$8,997,067$10,069,938
52$10,512,855$9,520,731$9,239,819$10,785,771
53$11,524,669$9,926,750$9,488,856$11,558,960
54$12,637,783$10,350,758$9,744,330$12,400,161
55$13,862,469$10,793,577$10,006,397$13,315,929
56$15,210,045$11,256,067$10,275,216$14,313,479
57$16,692,982$11,739,127$10,550,948$15,400,743
58$18,325,022$12,243,699$10,833,760$16,586,447
59$20,121,304$12,770,771$11,123,821$17,880,194
60$22,098,512$13,321,373$11,421,304$19,292,546
61$24,275,027$13,896,588$11,726,385$20,835,128
62$26,671,104$14,497,545$12,039,243$22,520,732
63$29,309,062$15,125,430$12,360,064$24,363,435
64$32,213,494$15,781,483$12,689,033$26,378,733
65$35,411,497$16,467,003$13,026,342$28,583,678
66$38,932,931$17,183,347$13,372,186$30,997,046
67$42,810,699$17,931,941$13,726,764$33,639,502
68$47,081,059$18,714,274$14,090,278$36,533,796
69$51,783,960$19,531,907$14,462,936$39,704,977
70$56,963,427$20,386,474$14,844,948$43,180,624
71$62,667,972$21,279,686$15,236,528$46,991,101
72$68,951,049$22,213,335$15,637,896$51,169,845
73$75,871,565$23,189,297$16,049,275$55,753,673
74$83,494,431$24,209,538$16,470,891$60,783,131
75$91,891,173$25,276,116$16,902,977$66,302,869
76$101,140,613$26,391,186$17,345,767$72,362,059
77$111,329,607$27,557,006$17,799,501$79,014,856
78$122,553,867$28,775,939$18,264,424$86,320,906
79$134,918,863$30,050,462$18,740,785$94,345,901
80$148,540,821$31,383,169$19,228,835$103,162,199
81$163,547,816$32,776,775$19,728,832$112,849,495
82$180,080,984$34,234,127$20,241,038$123,495,579
83$198,295,849$35,758,205$20,765,718$135,197,147
84$218,363,800$37,352,130$21,303,143$148,060,718
85$240,473,697$39,019,174$21,853,588$162,203,628
86$264,833,662$40,762,762$22,417,332$177,755,136
87$291,673,041$42,586,483$22,994,658$194,857,633
88$321,244,566$44,494,096$23,585,854$213,667,982
89$353,826,745$46,489,539$24,191,213$234,358,992
90$389,726,485$48,576,939$24,811,031$257,121,045
91$429,281,996$50,760,618$25,445,609$282,163,878
92$472,865,976$53,045,105$26,095,254$309,718,562
93$520,889,134$55,435,144$26,760,273$340,039,673
94$573,804,066$57,935,706$27,440,982$373,407,687
95$632,109,524$60,551,999$28,137,699$410,131,618
96$696,355,129$63,289,480$28,850,745$450,551,927
97$767,146,553$66,153,866$29,580,446$495,043,723
98$845,151,244$69,151,148$30,327,133$544,020,301
99$931,104,719$72,287,602$31,091,141$597,937,025
100$1,025,817,512$75,569,806$31,872,806$657,295,623