Can I retire at age 51 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$726,696$720,223$713,907$707,743$701,724$675,216
2 years$359,750$353,050$346,557$340,261$334,154$307,756
3 years$237,451$230,722$224,245$218,009$212,001$186,543
4 years$176,314$169,605$163,193$157,063$151,201$126,876
5 years$139,641$132,973$126,645$120,639$114,941$91,813
6 years$115,200$108,582$102,348$96,476$90,949$69,033
7 years$97,749$91,187$85,051$79,318$73,966$53,257
8 years$84,667$78,164$72,130$66,538$61,362$41,840
9 years$74,498$68,056$62,126$56,676$51,675$33,313
10 years$66,367$59,988$54,163$48,855$44,030$26,793
11 years$59,718$53,404$47,684$42,519$37,867$21,718
12 years$54,182$47,932$42,318$37,295$32,815$17,712
13 years$49,501$43,317$37,809$32,925$28,615$14,515
14 years$45,493$39,374$33,971$29,228$25,084$11,942
15 years$42,022$35,969$30,671$26,066$22,086$9,856
16 years$38,987$33,001$27,808$23,339$19,520$8,155
17 years$36,313$30,392$25,304$20,970$17,307$6,761
18 years$33,938$28,084$23,100$18,898$15,389$5,616
19 years$31,816$26,028$21,147$17,076$13,717$4,671
20 years$29,908$24,186$19,407$15,466$12,252$3,889
21 years$28,185$22,529$17,851$14,036$10,964$3,242
22 years$26,620$21,030$16,452$12,762$9,828$2,704
23 years$25,193$19,669$15,191$11,623$8,822$2,257
24 years$23,887$18,428$14,049$10,601$7,929$1,885
25 years$22,688$17,294$13,012$9,681$7,135$1,575
26 years$21,582$16,254$12,068$8,852$6,427$1,317
27 years$20,560$15,296$11,206$8,102$5,795$1,101
28 years$19,613$14,414$10,418$7,423$5,229$921
29 years$18,733$13,598$9,695$6,807$4,721$770
30 years$17,913$12,842$9,030$6,248$4,266$645
31 years$17,147$12,140$8,419$5,738$3,857$539
32 years$16,431$11,487$7,855$5,273$3,489$451
33 years$15,760$10,878$7,334$4,849$3,157$378
34 years$15,129$10,310$6,852$4,462$2,859$316
35 years$14,536$9,779$6,407$4,107$2,589$265
36 years$13,976$9,281$5,993$3,783$2,346$222
37 years$13,449$8,815$5,609$3,485$2,126$186
38 years$12,950$8,378$5,253$3,212$1,928$155
39 years$12,478$7,966$4,922$2,962$1,748$130
40 years$12,031$7,579$4,613$2,732$1,585$109
41 years$11,607$7,215$4,325$2,521$1,438$91
42 years$11,204$6,871$4,057$2,326$1,305$76
43 years$10,820$6,547$3,807$2,147$1,185$64
44 years$10,456$6,240$3,574$1,983$1,075$54
45 years$10,108$5,951$3,356$1,831$976$45
46 years$9,777$5,677$3,152$1,691$886$38
47 years$9,460$5,417$2,961$1,563$805$31
48 years$9,158$5,172$2,783$1,444$731$26
49 years$8,869$4,939$2,615$1,335$664$22
50 years$8,592$4,718$2,459$1,233$603$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,800,000, adding $4,602 every year, while hoping to spend $48,446 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: 80/9/11 Blend
50$8,800,000$8,800,000$8,800,000$8,800,000
51$9,702,347$9,235,947$9,099,547$10,459,611
52$10,640,440$9,636,962$9,352,836$11,358,338
53$11,672,595$10,056,003$9,612,986$12,337,569
54$12,808,355$10,493,903$9,880,176$13,410,722
55$14,058,235$10,951,532$10,154,590$14,587,173
56$15,433,821$11,429,803$10,436,414$15,877,242
57$16,947,878$11,929,670$10,725,841$17,292,296
58$18,614,473$12,452,136$11,023,068$18,844,852
59$20,449,105$12,998,246$11,328,297$20,548,697
60$22,468,852$13,569,098$11,641,733$22,419,014
61$24,692,532$14,165,841$11,963,588$24,472,526
62$27,140,881$14,789,678$12,294,079$26,727,651
63$29,836,747$15,441,869$12,633,428$29,204,678
64$32,805,308$16,123,734$12,981,860$31,925,952
65$36,074,307$16,836,653$13,339,610$34,916,090
66$39,674,313$17,582,077$13,706,914$38,202,206
67$43,639,014$18,361,519$14,084,016$41,814,169
68$48,005,528$19,176,568$14,471,165$45,784,882
69$52,814,760$20,028,888$14,868,617$50,150,591
70$58,111,782$20,920,221$15,276,633$54,951,229
71$63,946,264$21,852,391$15,695,480$60,230,785
72$70,372,935$22,827,310$16,125,431$66,037,722
73$77,452,107$23,846,982$16,566,766$72,425,432
74$85,250,241$24,913,503$17,019,771$79,452,736
75$93,840,572$26,029,071$17,484,740$87,184,441
76$103,303,804$27,195,988$17,961,972$95,691,946
77$113,728,867$28,416,667$18,451,773$105,053,915
78$125,213,761$29,693,633$18,954,457$115,357,020
79$137,866,477$31,029,534$19,470,344$126,696,752
80$151,806,019$32,427,142$19,999,762$139,178,324
81$167,163,525$33,889,364$20,543,046$152,917,659
82$184,083,505$35,419,244$21,100,538$168,042,486
83$202,725,206$37,019,970$21,672,590$184,693,538
84$223,264,114$38,694,886$22,259,559$203,025,878
85$245,893,610$40,447,491$22,861,810$223,210,365
86$270,826,796$42,281,456$23,479,719$245,435,259
87$298,298,507$44,200,625$24,113,667$269,907,996
88$328,567,524$46,209,025$24,764,044$296,857,144
89$361,919,022$48,310,878$25,431,250$326,534,557
90$398,667,257$50,510,606$26,115,692$359,217,747
91$439,158,536$52,812,845$26,817,787$395,212,504
92$483,774,483$55,222,450$27,537,959$434,855,774
93$532,935,642$57,744,512$28,276,642$478,518,841
94$587,105,449$60,384,365$29,034,281$526,610,823
95$646,794,603$63,147,597$29,811,328$579,582,532
96$712,565,889$66,040,065$30,608,244$637,930,726
97$785,039,491$69,067,910$31,425,501$702,202,792
98$864,898,844$72,237,562$32,263,580$773,001,909
99$952,897,089$75,555,766$33,122,973$850,992,740
100$1,049,864,180$79,029,586$34,004,180$936,907,697