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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.5%
1 years$734,954$728,407$722,020$715,786$709,698$693,669
2 years$363,838$357,062$350,495$344,128$337,952$321,888
3 years$240,150$233,344$226,794$220,486$214,410$198,815
4 years$178,317$171,533$165,048$158,848$152,919$137,911
5 years$141,228$134,484$128,084$122,010$116,247$101,869
6 years$116,509$109,816$103,511$97,573$91,982$78,249
7 years$98,860$92,223$86,018$80,220$74,806$61,720
8 years$85,629$79,052$72,950$67,294$62,059$49,615
9 years$75,344$68,829$62,832$57,320$52,263$40,452
10 years$67,121$60,670$54,778$49,410$44,530$33,340
11 years$60,397$54,011$48,226$43,002$38,298$27,712
12 years$54,798$48,477$42,799$37,718$33,188$23,191
13 years$50,064$43,809$38,238$33,300$28,940$19,514
14 years$46,010$39,821$34,357$29,560$25,369$16,494
15 years$42,499$36,377$31,020$26,362$22,337$13,992
16 years$39,430$33,376$28,124$23,604$19,741$11,907
17 years$36,726$30,738$25,592$21,208$17,504$10,158
18 years$34,324$28,403$23,362$19,113$15,564$8,684
19 years$32,178$26,324$21,387$17,270$13,872$7,438
20 years$30,248$24,461$19,628$15,642$12,391$6,381
21 years$28,505$22,785$18,054$14,196$11,089$5,481
22 years$26,922$21,269$16,639$12,907$9,939$4,713
23 years$25,479$19,892$15,363$11,755$8,922$4,057
24 years$24,159$18,638$14,209$10,721$8,019$3,495
25 years$22,946$17,490$13,160$9,791$7,216$3,013
26 years$21,828$16,438$12,205$8,952$6,500$2,599
27 years$20,794$15,470$11,334$8,194$5,860$2,243
28 years$19,836$14,578$10,536$7,508$5,288$1,936
29 years$18,946$13,752$9,805$6,885$4,775$1,672
30 years$18,117$12,988$9,133$6,319$4,314$1,445
31 years$17,342$12,278$8,514$5,803$3,901$1,249
32 years$16,618$11,617$7,944$5,333$3,528$1,079
33 years$15,939$11,002$7,417$4,904$3,193$933
34 years$15,301$10,427$6,930$4,512$2,891$807
35 years$14,701$9,890$6,479$4,154$2,619$698
36 years$14,135$9,387$6,061$3,826$2,373$604
37 years$13,602$8,915$5,673$3,525$2,150$522
38 years$13,097$8,473$5,313$3,249$1,949$452
39 years$12,620$8,057$4,977$2,996$1,768$391
40 years$12,168$7,665$4,665$2,763$1,604$339
41 years$11,739$7,297$4,375$2,549$1,455$293
42 years$11,331$6,949$4,104$2,353$1,320$254
43 years$10,943$6,621$3,851$2,172$1,198$219
44 years$10,574$6,311$3,614$2,005$1,087$190
45 years$10,223$6,018$3,394$1,852$987$164
46 years$9,888$5,741$3,188$1,711$896$142
47 years$9,568$5,479$2,995$1,580$814$123
48 years$9,262$5,230$2,814$1,460$739$107
49 years$8,969$4,995$2,645$1,350$671$92
50 years$8,690$4,771$2,487$1,248$610$80

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 $4,514 every year, while hoping to spend $21,392 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: 64/25/11 Blend
50$8,900,000$8,900,000$8,900,000$8,900,000
51$9,812,456$9,340,756$9,202,806$10,415,985
52$10,790,566$9,775,692$9,488,339$11,254,576
53$11,867,726$10,231,223$9,782,721$12,167,263
54$13,054,016$10,708,336$10,086,224$13,163,617
55$14,360,546$11,208,064$10,399,133$14,251,775
56$15,799,554$11,731,492$10,721,736$15,440,687
57$17,384,530$12,279,756$11,054,336$16,740,198
58$19,130,336$12,854,048$11,397,240$18,161,139
59$21,053,350$13,455,617$11,750,768$19,715,425
60$23,171,621$14,085,772$12,115,248$21,416,166
61$25,505,037$14,745,885$12,491,019$23,277,786
62$28,075,514$15,437,396$12,878,431$25,316,161
63$30,907,202$16,161,814$13,277,844$27,548,759
64$34,026,713$16,920,719$13,689,629$29,994,806
65$37,463,374$17,715,771$14,114,168$32,675,465
66$41,249,502$18,548,707$14,551,856$35,614,028
67$45,420,708$19,421,351$15,003,099$38,836,137
68$50,016,235$20,335,612$15,468,318$42,370,016
69$55,079,328$21,293,494$15,947,944$46,246,741
70$60,657,642$22,297,098$16,442,423$50,500,523
71$66,803,691$23,348,625$16,952,214$55,169,029
72$73,575,345$24,450,385$17,477,790$60,293,733
73$81,036,374$25,604,798$18,019,640$65,920,301
74$89,257,053$26,814,402$18,578,267$72,099,019
75$98,314,823$28,081,858$19,154,189$78,885,262
76$108,295,022$29,409,957$19,747,942$86,340,010
77$119,291,692$30,801,622$20,360,076$94,530,419
78$131,408,466$32,259,923$20,991,160$103,530,448
79$144,759,545$33,788,075$21,641,779$113,421,551
80$159,470,778$35,389,449$22,312,537$124,293,439
81$175,680,847$37,067,583$23,004,058$136,244,922
82$193,542,581$38,826,182$23,716,981$149,384,830
83$213,224,395$40,669,135$24,451,970$163,833,039
84$234,911,878$42,600,517$25,209,706$179,721,587
85$258,809,550$44,624,603$25,990,892$197,195,920
86$285,142,789$46,745,874$26,796,252$216,416,250
87$314,159,961$48,969,029$27,626,534$237,559,061
88$346,134,762$51,298,996$28,482,507$260,818,766
89$381,368,802$53,740,941$29,364,966$286,409,530
90$420,194,456$56,300,283$30,274,728$314,567,284
91$462,977,996$58,982,703$31,212,637$345,551,940
92$510,123,055$61,794,159$32,179,564$379,649,831
93$562,074,430$64,740,896$33,176,403$417,176,406
94$619,322,289$67,829,467$34,204,079$458,479,193
95$682,406,791$71,066,740$35,263,545$503,941,065
96$751,923,193$74,459,919$36,355,782$553,983,846
97$828,527,460$78,016,557$37,481,803$609,072,272
98$912,942,469$81,744,576$38,642,651$669,718,368
99$1,005,964,822$85,652,282$39,839,401$736,486,264
100$1,108,472,375$89,748,385$41,073,162$809,997,504