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

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$718,438$712,038$705,795$699,701$693,750$668,604
2 years$355,662$349,038$342,619$336,395$330,357$305,298
3 years$234,753$228,100$221,697$215,531$209,592$185,409
4 years$174,310$167,678$161,339$155,278$149,483$126,360
5 years$138,054$131,462$125,205$119,269$113,635$91,632
6 years$113,891$107,348$101,185$95,380$89,915$69,050
7 years$96,638$90,151$84,085$78,417$73,125$53,391
8 years$83,705$77,276$71,311$65,782$60,664$42,045
9 years$73,651$67,283$61,420$56,032$51,088$33,559
10 years$65,612$59,306$53,547$48,300$43,530$27,059
11 years$59,040$52,797$47,142$42,035$37,437$21,991
12 years$53,566$47,388$41,837$36,871$32,442$17,983
13 years$48,939$42,825$37,379$32,551$28,290$14,778
14 years$44,976$38,926$33,585$28,895$24,799$12,192
15 years$41,544$35,560$30,323$25,770$21,835$10,091
16 years$38,544$32,626$27,492$23,074$19,298$8,373
17 years$35,900$30,047$25,017$20,732$17,111$6,963
18 years$33,553$27,765$22,837$18,683$15,214$5,801
19 years$31,454$25,732$20,906$16,882$13,561$4,839
20 years$29,569$23,911$19,187$15,290$12,113$4,042
21 years$27,864$22,273$17,648$13,877$10,839$3,379
22 years$26,317$20,791$16,265$12,617$9,716$2,828
23 years$24,907$19,445$15,018$11,491$8,722$2,368
24 years$23,616$18,219$13,889$10,480$7,839$1,984
25 years$22,430$17,097$12,864$9,571$7,054$1,663
26 years$21,337$16,069$11,931$8,751$6,354$1,395
27 years$20,327$15,123$11,079$8,010$5,729$1,170
28 years$19,390$14,250$10,299$7,339$5,169$982
29 years$18,520$13,443$9,584$6,730$4,668$824
30 years$17,709$12,696$8,928$6,177$4,217$692
31 years$16,953$12,002$8,323$5,673$3,813$581
32 years$16,244$11,356$7,765$5,213$3,449$488
33 years$15,580$10,754$7,251$4,794$3,121$410
34 years$14,957$10,193$6,775$4,411$2,826$344
35 years$14,370$9,668$6,334$4,061$2,560$289
36 years$13,818$9,176$5,925$3,740$2,319$243
37 years$13,296$8,715$5,546$3,446$2,102$204
38 years$12,803$8,282$5,193$3,176$1,906$171
39 years$12,336$7,876$4,866$2,928$1,728$144
40 years$11,894$7,493$4,561$2,701$1,567$121
41 years$11,475$7,133$4,276$2,492$1,422$102
42 years$11,076$6,793$4,011$2,300$1,290$85
43 years$10,697$6,472$3,764$2,123$1,171$72
44 years$10,337$6,169$3,533$1,960$1,063$60
45 years$9,993$5,883$3,318$1,810$965$51
46 years$9,665$5,612$3,116$1,672$876$43
47 years$9,353$5,356$2,927$1,545$796$36
48 years$9,054$5,113$2,751$1,428$723$30
49 years$8,768$4,883$2,586$1,319$656$25
50 years$8,494$4,664$2,431$1,219$596$21

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 $6,581 every year, while hoping to spend $49,107 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: 71/15/14 Blend
50$8,700,000$8,700,000$8,700,000$8,700,000
51$9,594,188$9,133,088$8,998,238$10,245,158
52$10,520,546$9,528,360$9,247,430$11,073,197
53$11,539,746$9,941,354$9,503,323$11,972,788
54$12,661,208$10,372,888$9,766,092$12,956,307
55$13,895,306$10,823,815$10,035,912$14,032,032
56$15,253,477$11,295,032$10,312,964$15,209,077
57$16,748,318$11,787,474$10,597,435$16,497,474
58$18,393,711$12,302,125$10,889,513$17,908,266
59$20,204,951$12,840,011$11,189,393$19,453,610
60$22,198,893$13,402,208$11,497,275$21,146,892
61$24,394,108$13,989,844$11,813,361$23,002,849
62$26,811,058$14,604,098$12,137,860$25,037,708
63$29,472,294$15,246,206$12,470,986$27,269,337
64$32,402,660$15,917,463$12,812,957$29,717,411
65$35,629,536$16,619,223$13,163,995$32,403,599
66$39,183,090$17,352,906$13,524,330$35,351,761
67$43,096,566$18,119,999$13,894,196$38,588,175
68$47,406,595$18,922,059$14,273,831$42,141,783
69$52,153,544$19,760,716$14,663,481$46,044,460
70$57,381,894$20,637,679$15,063,396$50,331,315
71$63,140,658$21,554,737$15,473,831$55,041,016
72$69,483,850$22,513,764$15,895,049$60,216,155
73$76,470,987$23,516,723$16,327,318$65,903,650
74$84,167,656$24,565,669$16,770,910$72,155,179
75$92,646,128$25,662,759$17,226,107$79,027,670
76$101,986,045$26,810,246$17,693,194$86,583,831
77$112,275,170$28,010,496$18,172,464$94,892,746
78$123,610,211$29,265,985$18,664,216$104,030,513
79$136,097,740$30,579,306$19,168,755$114,080,970
80$149,855,195$31,953,177$19,686,393$125,136,475
81$165,011,988$33,390,446$20,217,451$137,298,777
82$181,710,729$34,894,095$20,762,253$150,679,974
83$200,108,567$36,467,250$21,321,132$165,403,563
84$220,378,680$38,113,185$21,894,430$181,605,607
85$242,711,905$39,835,330$22,482,493$199,436,010
86$267,318,539$41,637,280$23,085,675$219,059,931
87$294,430,324$43,522,802$23,704,340$240,659,335
88$324,302,639$45,495,841$24,338,857$264,434,709
89$357,216,903$47,560,532$24,989,604$290,606,947
90$393,483,237$49,721,208$25,656,965$319,419,433
91$433,443,388$51,982,408$26,341,335$351,140,328
92$477,473,959$54,348,891$27,043,114$386,065,099
93$525,989,956$56,825,640$27,762,712$424,519,302
94$579,448,716$59,417,880$28,500,547$466,861,646
95$638,354,214$62,131,086$29,257,044$513,487,378
96$703,261,827$64,970,993$30,032,639$564,832,001
97$774,783,575$67,943,613$30,827,774$621,375,380
98$853,593,896$71,055,246$31,642,900$683,646,269
99$940,436,015$74,312,494$32,478,479$752,227,287
100$1,036,128,959$77,722,278$33,334,979$827,760,414