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%19.9%
1 years$726,696$720,223$713,907$707,743$701,724$673,883
2 years$359,750$353,050$346,557$340,261$334,154$306,450
3 years$237,451$230,722$224,245$218,009$212,001$185,306
4 years$176,314$169,605$163,193$157,063$151,201$125,718
5 years$139,641$132,973$126,645$120,639$114,941$90,734
6 years$115,200$108,582$102,348$96,476$90,949$68,035
7 years$97,749$91,187$85,051$79,318$73,966$52,336
8 years$84,667$78,164$72,130$66,538$61,362$40,994
9 years$74,498$68,056$62,126$56,676$51,675$32,540
10 years$66,367$59,988$54,163$48,855$44,030$26,088
11 years$59,718$53,404$47,684$42,519$37,867$21,078
12 years$54,182$47,932$42,318$37,295$32,815$17,133
13 years$49,501$43,317$37,809$32,925$28,615$13,992
14 years$45,493$39,374$33,971$29,228$25,084$11,471
15 years$42,022$35,969$30,671$26,066$22,086$9,434
16 years$38,987$33,001$27,808$23,339$19,520$7,777
17 years$36,313$30,392$25,304$20,970$17,307$6,424
18 years$33,938$28,084$23,100$18,898$15,389$5,316
19 years$31,816$26,028$21,147$17,076$13,717$4,405
20 years$29,908$24,186$19,407$15,466$12,252$3,654
21 years$28,185$22,529$17,851$14,036$10,964$3,034
22 years$26,620$21,030$16,452$12,762$9,828$2,521
23 years$25,193$19,669$15,191$11,623$8,822$2,096
24 years$23,887$18,428$14,049$10,601$7,929$1,743
25 years$22,688$17,294$13,012$9,681$7,135$1,451
26 years$21,582$16,254$12,068$8,852$6,427$1,208
27 years$20,560$15,296$11,206$8,102$5,795$1,006
28 years$19,613$14,414$10,418$7,423$5,229$838
29 years$18,733$13,598$9,695$6,807$4,721$698
30 years$17,913$12,842$9,030$6,248$4,266$582
31 years$17,147$12,140$8,419$5,738$3,857$485
32 years$16,431$11,487$7,855$5,273$3,489$404
33 years$15,760$10,878$7,334$4,849$3,157$337
34 years$15,129$10,310$6,852$4,462$2,859$281
35 years$14,536$9,779$6,407$4,107$2,589$234
36 years$13,976$9,281$5,993$3,783$2,346$195
37 years$13,449$8,815$5,609$3,485$2,126$163
38 years$12,950$8,378$5,253$3,212$1,928$136
39 years$12,478$7,966$4,922$2,962$1,748$113
40 years$12,031$7,579$4,613$2,732$1,585$94
41 years$11,607$7,215$4,325$2,521$1,438$79
42 years$11,204$6,871$4,057$2,326$1,305$66
43 years$10,820$6,547$3,807$2,147$1,185$55
44 years$10,456$6,240$3,574$1,983$1,075$46
45 years$10,108$5,951$3,356$1,831$976$38
46 years$9,777$5,677$3,152$1,691$886$32
47 years$9,460$5,417$2,961$1,563$805$26
48 years$9,158$5,172$2,783$1,444$731$22
49 years$8,869$4,939$2,615$1,335$664$18
50 years$8,592$4,718$2,459$1,233$603$15

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 $2,150 every year, while hoping to spend $22,781 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: 45/40/15 Blend
50$8,800,000$8,800,000$8,800,000$8,800,000
51$9,699,818$9,233,418$9,097,018$10,094,590
52$10,664,960$9,661,616$9,377,529$10,798,229
53$11,727,784$10,110,033$9,666,674$11,558,317
54$12,898,228$10,579,635$9,964,718$12,382,045
55$14,187,245$11,071,435$10,271,933$13,275,311
56$15,606,904$11,586,495$10,588,603$14,244,590
57$17,170,503$12,125,928$10,915,016$15,296,989
58$18,892,698$12,690,903$11,251,473$16,440,311
59$20,789,638$13,282,641$11,598,282$17,683,125
60$22,879,116$13,902,426$11,955,760$19,034,844
61$25,180,743$14,551,602$12,324,234$20,505,807
62$27,716,126$15,231,578$12,704,044$22,107,372
63$30,509,078$15,943,831$13,095,536$23,852,023
64$33,585,836$16,689,912$13,499,069$25,753,476
65$36,975,316$17,471,442$13,915,012$27,826,809
66$40,709,380$18,290,125$14,343,747$30,088,596
67$44,823,140$19,147,744$14,785,666$32,557,059
68$49,355,288$20,046,171$15,241,173$35,252,231
69$54,348,461$20,987,367$15,710,686$38,196,146
70$59,849,644$21,973,388$16,194,634$41,413,032
71$65,910,613$23,006,389$16,693,460$44,929,539
72$72,588,425$24,088,632$17,207,620$48,774,979
73$79,945,953$25,222,484$17,737,584$52,981,600
74$88,052,486$26,410,431$18,283,838$57,584,878
75$96,984,373$27,655,076$18,846,881$62,623,847
76$106,825,756$28,959,151$19,427,228$68,141,456
77$117,669,352$30,325,518$20,025,409$74,184,970
78$129,617,337$31,757,180$20,641,971$80,806,400
79$142,782,306$33,257,283$21,277,478$88,062,992
80$157,288,338$34,829,126$21,932,511$96,017,750
81$173,272,166$36,476,171$22,607,667$104,740,024
82$190,884,468$38,202,044$23,303,565$114,306,155
83$210,291,288$40,010,549$24,020,839$124,800,178
84$231,675,607$41,905,673$24,760,145$136,314,607
85$255,239,067$43,891,599$25,522,157$148,951,298
86$281,203,875$45,972,711$26,307,573$162,822,389
87$309,814,902$48,153,605$27,117,108$178,051,353
88$341,341,992$50,439,102$27,951,502$194,774,144
89$376,082,514$52,834,257$28,811,516$213,140,464
90$414,364,164$55,344,369$29,697,935$233,315,164
91$456,548,061$57,974,995$30,611,568$255,479,780
92$503,032,156$60,731,963$31,553,249$279,834,231
93$554,254,989$63,621,382$32,523,835$306,598,686
94$610,699,828$66,649,660$33,524,214$336,015,622
95$672,899,232$69,823,515$34,555,296$368,352,097
96$741,440,077$73,149,991$35,618,022$403,902,245
97$816,969,100$76,636,475$36,713,361$442,990,032
98$900,199,001$80,290,715$37,842,311$485,972,292
99$991,915,171$84,120,833$39,005,901$533,242,068
100$1,092,983,111$88,135,346$40,205,191$585,232,301