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%18.2%
1 years$734,954$728,407$722,020$715,786$709,698$686,157
2 years$363,838$357,062$350,495$344,128$337,952$314,462
3 years$240,150$233,344$226,794$220,486$214,410$191,711
4 years$178,317$171,533$165,048$158,848$152,919$131,183
5 years$141,228$134,484$128,084$122,010$116,247$95,532
6 years$116,509$109,816$103,511$97,573$91,982$72,306
7 years$98,860$92,223$86,018$80,220$74,806$56,165
8 years$85,629$79,052$72,950$67,294$62,059$44,439
9 years$75,344$68,829$62,832$57,320$52,263$35,644
10 years$67,121$60,670$54,778$49,410$44,530$28,886
11 years$60,397$54,011$48,226$43,002$38,298$23,598
12 years$54,798$48,477$42,799$37,718$33,188$19,400
13 years$50,064$43,809$38,238$33,300$28,940$16,029
14 years$46,010$39,821$34,357$29,560$25,369$13,298
15 years$42,499$36,377$31,020$26,362$22,337$11,069
16 years$39,430$33,376$28,124$23,604$19,741$9,239
17 years$36,726$30,738$25,592$21,208$17,504$7,728
18 years$34,324$28,403$23,362$19,113$15,564$6,476
19 years$32,178$26,324$21,387$17,270$13,872$5,436
20 years$30,248$24,461$19,628$15,642$12,391$4,568
21 years$28,505$22,785$18,054$14,196$11,089$3,843
22 years$26,922$21,269$16,639$12,907$9,939$3,236
23 years$25,479$19,892$15,363$11,755$8,922$2,727
24 years$24,159$18,638$14,209$10,721$8,019$2,299
25 years$22,946$17,490$13,160$9,791$7,216$1,940
26 years$21,828$16,438$12,205$8,952$6,500$1,637
27 years$20,794$15,470$11,334$8,194$5,860$1,382
28 years$19,836$14,578$10,536$7,508$5,288$1,167
29 years$18,946$13,752$9,805$6,885$4,775$986
30 years$18,117$12,988$9,133$6,319$4,314$833
31 years$17,342$12,278$8,514$5,803$3,901$704
32 years$16,618$11,617$7,944$5,333$3,528$595
33 years$15,939$11,002$7,417$4,904$3,193$503
34 years$15,301$10,427$6,930$4,512$2,891$426
35 years$14,701$9,890$6,479$4,154$2,619$360
36 years$14,135$9,387$6,061$3,826$2,373$304
37 years$13,602$8,915$5,673$3,525$2,150$257
38 years$13,097$8,473$5,313$3,249$1,949$218
39 years$12,620$8,057$4,977$2,996$1,768$184
40 years$12,168$7,665$4,665$2,763$1,604$156
41 years$11,739$7,297$4,375$2,549$1,455$132
42 years$11,331$6,949$4,104$2,353$1,320$111
43 years$10,943$6,621$3,851$2,172$1,198$94
44 years$10,574$6,311$3,614$2,005$1,087$80
45 years$10,223$6,018$3,394$1,852$987$67
46 years$9,888$5,741$3,188$1,711$896$57
47 years$9,568$5,479$2,995$1,580$814$48
48 years$9,262$5,230$2,814$1,460$739$41
49 years$8,969$4,995$2,645$1,350$671$35
50 years$8,690$4,771$2,487$1,248$610$29

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 $3,057 every year, while hoping to spend $59,337 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: 32/43/25 Blend
50$8,900,000$8,900,000$8,900,000$8,900,000
51$9,810,953$9,339,253$9,201,303$10,049,583
52$10,748,536$9,733,743$9,446,413$10,625,600
53$11,779,764$10,145,573$9,697,745$11,240,078
54$12,914,126$10,575,532$9,955,445$11,900,751
55$14,162,077$11,024,443$10,219,662$12,611,717
56$15,535,136$11,493,168$10,490,548$13,377,466
57$17,045,995$11,982,609$10,768,257$14,202,921
58$18,708,640$12,493,710$11,052,947$15,093,479
59$20,538,480$13,027,460$11,344,779$16,055,063
60$22,552,492$13,584,892$11,643,916$17,094,168
61$24,769,384$14,167,091$11,950,526$18,217,924
62$27,209,771$14,775,187$12,264,778$19,434,154
63$29,896,365$15,410,369$12,586,845$20,751,449
64$32,854,194$16,073,877$12,916,905$22,179,239
65$36,110,836$16,767,012$13,255,136$23,727,883
66$39,696,680$17,491,134$13,601,721$25,408,759
67$43,645,210$18,247,668$13,956,847$27,234,364
68$47,993,323$19,038,105$14,320,703$29,218,433
69$52,781,677$19,864,007$14,693,482$31,376,058
70$58,055,074$20,727,010$15,075,379$33,723,825
71$63,862,882$21,628,823$15,466,595$36,279,967
72$70,259,501$22,571,241$15,867,331$39,064,530
73$77,304,877$23,556,139$16,277,794$42,099,553
74$85,065,068$24,585,483$16,698,193$45,409,270
75$93,612,863$25,661,330$17,128,741$49,020,334
76$103,028,475$26,785,835$17,569,653$52,962,058
77$113,400,293$27,961,254$18,021,150$57,266,688
78$124,825,718$29,189,951$18,483,454$61,969,694
79$137,412,082$30,474,399$18,956,791$67,110,100
80$151,277,661$31,817,191$19,441,390$72,730,845
81$166,552,789$33,221,041$19,937,483$78,879,173
82$183,381,092$34,688,790$20,445,307$85,607,076
83$201,920,840$36,223,417$20,965,101$92,971,771
84$222,346,440$37,828,039$21,497,107$101,036,232
85$244,850,086$39,505,922$22,041,569$109,869,769
86$269,643,570$41,260,487$22,598,737$119,548,677
87$296,960,281$43,095,318$23,168,861$130,156,939
88$327,057,408$45,014,166$23,752,196$141,787,009
89$360,218,367$47,020,965$24,348,999$154,540,673
90$396,755,480$49,119,831$24,959,529$168,529,990
91$437,012,915$51,315,079$25,584,050$183,878,345
92$481,369,943$53,611,228$26,222,825$200,721,588
93$530,244,511$56,013,013$26,876,124$219,209,312
94$584,097,192$58,525,392$27,544,216$239,506,239
95$643,435,531$61,153,561$28,227,372$261,793,764
96$708,818,834$63,902,964$28,925,868$286,271,647
97$780,863,450$66,779,304$29,639,979$313,159,883
98$860,248,586$69,788,554$30,369,983$342,700,753
99$947,722,724$72,936,976$31,116,160$375,161,100
100$1,044,110,681$76,231,127$31,878,790$410,834,816