Can I retire at age 51 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$734,954$728,407$722,020$715,786$709,698$685,063
2 years$363,838$357,062$350,495$344,128$337,952$313,387
3 years$240,150$233,344$226,794$220,486$214,410$190,687
4 years$178,317$171,533$165,048$158,848$152,919$130,220
5 years$141,228$134,484$128,084$122,010$116,247$94,631
6 years$116,509$109,816$103,511$97,573$91,982$71,466
7 years$98,860$92,223$86,018$80,220$74,806$55,386
8 years$85,629$79,052$72,950$67,294$62,059$43,720
9 years$75,344$68,829$62,832$57,320$52,263$34,981
10 years$67,121$60,670$54,778$49,410$44,530$28,277
11 years$60,397$54,011$48,226$43,002$38,298$23,041
12 years$54,798$48,477$42,799$37,718$33,188$18,892
13 years$50,064$43,809$38,238$33,300$28,940$15,567
14 years$46,010$39,821$34,357$29,560$25,369$12,879
15 years$42,499$36,377$31,020$26,362$22,337$10,690
16 years$39,430$33,376$28,124$23,604$19,741$8,896
17 years$36,726$30,738$25,592$21,208$17,504$7,420
18 years$34,324$28,403$23,362$19,113$15,564$6,199
19 years$32,178$26,324$21,387$17,270$13,872$5,188
20 years$30,248$24,461$19,628$15,642$12,391$4,346
21 years$28,505$22,785$18,054$14,196$11,089$3,645
22 years$26,922$21,269$16,639$12,907$9,939$3,060
23 years$25,479$19,892$15,363$11,755$8,922$2,570
24 years$24,159$18,638$14,209$10,721$8,019$2,160
25 years$22,946$17,490$13,160$9,791$7,216$1,817
26 years$21,828$16,438$12,205$8,952$6,500$1,528
27 years$20,794$15,470$11,334$8,194$5,860$1,286
28 years$19,836$14,578$10,536$7,508$5,288$1,083
29 years$18,946$13,752$9,805$6,885$4,775$912
30 years$18,117$12,988$9,133$6,319$4,314$768
31 years$17,342$12,278$8,514$5,803$3,901$647
32 years$16,618$11,617$7,944$5,333$3,528$545
33 years$15,939$11,002$7,417$4,904$3,193$459
34 years$15,301$10,427$6,930$4,512$2,891$387
35 years$14,701$9,890$6,479$4,154$2,619$326
36 years$14,135$9,387$6,061$3,826$2,373$275
37 years$13,602$8,915$5,673$3,525$2,150$232
38 years$13,097$8,473$5,313$3,249$1,949$195
39 years$12,620$8,057$4,977$2,996$1,768$165
40 years$12,168$7,665$4,665$2,763$1,604$139
41 years$11,739$7,297$4,375$2,549$1,455$117
42 years$11,331$6,949$4,104$2,353$1,320$99
43 years$10,943$6,621$3,851$2,172$1,198$83
44 years$10,574$6,311$3,614$2,005$1,087$70
45 years$10,223$6,018$3,394$1,852$987$59
46 years$9,888$5,741$3,188$1,711$896$50
47 years$9,568$5,479$2,995$1,580$814$42
48 years$9,262$5,230$2,814$1,460$739$35
49 years$8,969$4,995$2,645$1,350$671$30
50 years$8,690$4,771$2,487$1,248$610$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,900,000, adding $3,185 every year, while hoping to spend $27,987 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: 63/16/21 Blend
50$8,900,000$8,900,000$8,900,000$8,900,000
51$9,811,085$9,339,385$9,201,435$10,375,740
52$10,782,038$9,767,237$9,479,905$11,184,699
53$11,851,090$10,215,116$9,766,766$12,064,404
54$13,028,218$10,683,973$10,062,269$13,024,540
55$14,324,414$11,174,806$10,366,674$14,072,965
56$15,751,794$11,688,661$10,680,247$15,218,320
57$17,323,704$12,226,632$11,003,262$16,470,117
58$19,054,853$12,789,869$11,336,003$17,838,822
59$20,961,450$13,379,574$11,678,761$19,335,952
60$23,061,354$13,997,010$12,031,836$20,974,184
61$25,374,247$14,643,498$12,395,537$22,767,470
62$27,921,814$15,320,423$12,770,181$24,731,168
63$30,727,955$16,029,239$13,156,098$26,882,186
64$33,819,002$16,771,468$13,553,623$29,239,133
65$37,223,975$17,548,705$13,963,104$31,822,500
66$40,974,852$18,362,623$14,384,899$34,654,847
67$45,106,869$19,214,974$14,819,376$37,761,012
68$49,658,860$20,107,597$15,266,915$41,168,344
69$54,673,612$21,042,418$15,727,905$44,906,960
70$60,198,280$22,021,456$16,202,750$49,010,021
71$66,284,825$23,046,828$16,691,862$53,514,048
72$72,990,506$24,120,752$17,195,669$58,459,260
73$80,378,423$25,245,554$17,714,609$63,889,948
74$88,518,108$26,423,672$18,249,135$69,854,894
75$97,486,186$27,657,662$18,799,711$76,407,826
76$107,367,093$28,950,204$19,366,817$83,607,918
77$118,253,878$30,304,105$19,950,947$91,520,349
78$130,249,078$31,722,311$20,552,609$100,216,911
79$143,465,688$33,207,908$21,172,325$109,776,684
80$158,028,225$34,764,133$21,810,634$120,286,774
81$174,073,905$36,394,377$22,468,092$131,843,137
82$191,753,939$38,102,197$23,145,269$144,551,471
83$211,234,958$39,891,322$23,842,753$158,528,217
84$232,700,588$41,765,661$24,561,149$173,901,645
85$256,353,181$43,729,311$25,301,081$190,813,065
86$282,415,729$45,786,571$26,063,190$209,418,151
87$311,133,964$47,941,943$26,848,138$229,888,404
88$342,778,682$50,200,152$27,656,603$252,412,769
89$377,648,296$52,566,148$28,489,288$277,199,404
90$416,071,655$55,045,122$29,346,913$304,477,645
91$458,411,149$57,642,518$30,230,219$334,500,159
92$505,066,127$60,364,043$31,139,973$367,545,322
93$556,476,670$63,215,679$32,076,960$403,919,840
94$613,127,743$66,203,700$33,041,990$443,961,633
95$675,553,775$69,334,683$34,035,899$488,043,020
96$744,343,702$72,615,524$35,059,544$536,574,220
97$820,146,530$76,053,456$36,113,809$590,007,217
98$903,677,460$79,656,058$37,199,605$648,840,016
99$995,724,638$83,431,282$38,317,869$713,621,335
100$1,097,156,598$87,387,463$39,469,565$784,955,771