Can I retire at age 51 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$578,053$572,904$567,881$562,978$558,190$539,028
2 years$286,165$280,836$275,670$270,662$265,805$246,695
3 years$188,882$183,529$178,377$173,416$168,637$150,180
4 years$140,249$134,913$129,813$124,936$120,274$102,609
5 years$111,078$105,774$100,740$95,963$91,430$74,605
6 years$91,636$86,372$81,413$76,743$72,346$56,374
7 years$77,755$72,535$67,655$63,094$58,836$43,715
8 years$67,349$62,176$57,376$52,928$48,810$34,527
9 years$59,259$54,135$49,418$45,083$41,105$27,642
10 years$52,792$47,718$43,084$38,862$35,024$22,359
11 years$47,503$42,480$37,930$33,822$30,122$18,231
12 years$43,099$38,128$33,662$29,666$26,103$14,957
13 years$39,376$34,457$30,075$26,191$22,762$12,334
14 years$36,187$31,320$27,023$23,249$19,953$10,211
15 years$33,426$28,611$24,398$20,734$17,568$8,481
16 years$31,013$26,250$22,120$18,565$15,527$7,063
17 years$28,885$24,176$20,128$16,681$13,767$5,895
18 years$26,996$22,339$18,375$15,033$12,241$4,930
19 years$25,308$20,704$16,821$13,583$10,911$4,128
20 years$23,791$19,239$15,438$12,302$9,746$3,461
21 years$22,420$17,921$14,200$11,165$8,721$2,905
22 years$21,175$16,728$13,087$10,152$7,817$2,441
23 years$20,040$15,645$12,084$9,245$7,017$2,052
24 years$19,001$14,659$11,175$8,432$6,307$1,726
25 years$18,047$13,757$10,351$7,701$5,676$1,452
26 years$17,168$12,929$9,600$7,041$5,112$1,223
27 years$16,355$12,168$8,914$6,445$4,609$1,030
28 years$15,601$11,466$8,287$5,905$4,159$868
29 years$14,901$10,816$7,712$5,415$3,756$731
30 years$14,249$10,215$7,183$4,970$3,393$616
31 years$13,640$9,657$6,697$4,564$3,068$520
32 years$13,070$9,137$6,248$4,195$2,775$438
33 years$12,536$8,653$5,834$3,857$2,512$370
34 years$12,034$8,201$5,451$3,549$2,274$312
35 years$11,562$7,779$5,096$3,267$2,060$263
36 years$11,118$7,383$4,767$3,009$1,866$222
37 years$10,698$7,012$4,462$2,772$1,691$187
38 years$10,301$6,664$4,179$2,555$1,533$158
39 years$9,926$6,337$3,915$2,356$1,390$133
40 years$9,570$6,029$3,669$2,173$1,261$112
41 years$9,233$5,739$3,441$2,005$1,144$95
42 years$8,912$5,466$3,228$1,850$1,038$80
43 years$8,607$5,208$3,029$1,708$942$67
44 years$8,317$4,964$2,843$1,577$855$57
45 years$8,041$4,734$2,669$1,457$776$48
46 years$7,777$4,516$2,507$1,345$705$41
47 years$7,525$4,309$2,355$1,243$640$34
48 years$7,285$4,114$2,213$1,149$581$29
49 years$7,055$3,928$2,080$1,062$528$24
50 years$6,834$3,753$1,956$981$480$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,000,000, adding $5,106 every year, while hoping to spend $50,171 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: 56/14/30 Blend
50$7,000,000$7,000,000$7,000,000$7,000,000
51$7,719,267$7,348,267$7,239,767$8,087,180
52$8,453,251$7,654,950$7,428,917$8,648,164
53$9,260,419$7,974,980$7,622,723$9,253,497
54$10,148,184$8,308,956$7,821,287$9,912,095
55$11,124,712$8,657,508$8,024,713$10,629,124
56$12,199,001$9,021,294$8,233,109$11,410,264
57$13,380,963$9,401,002$8,446,582$12,261,769
58$14,681,522$9,797,352$8,665,243$13,190,519
59$16,112,712$10,211,097$8,889,204$14,204,087
60$17,687,795$10,643,027$9,118,579$15,310,807
61$19,421,381$11,093,966$9,353,482$16,519,854
62$21,329,570$11,564,778$9,594,032$17,841,326
63$23,430,101$12,056,368$9,840,347$19,286,340
64$25,742,521$12,569,680$10,092,548$20,867,136
65$28,288,369$13,105,704$10,350,759$22,597,189
66$31,091,376$13,665,477$10,615,103$24,491,335
67$34,177,694$14,250,083$10,885,707$26,565,912
68$37,576,139$14,860,658$11,162,698$28,838,909
69$41,318,464$15,498,389$11,446,207$31,330,136
70$45,439,657$16,164,519$11,736,365$34,061,408
71$49,978,273$16,860,351$12,033,304$37,056,753
72$54,976,796$17,587,248$12,337,159$40,342,628
73$60,482,042$18,346,636$12,648,067$43,948,178
74$66,545,598$19,140,009$12,966,165$47,905,499
75$73,224,310$19,968,931$13,291,592$52,249,947
76$80,580,819$20,835,038$13,624,490$57,020,461
77$88,684,153$21,740,044$13,965,000$62,259,936
78$97,610,375$22,685,745$14,313,266$68,015,622
79$107,443,305$23,674,019$14,669,433$74,339,567
80$118,275,310$24,706,833$15,033,646$81,289,104
81$130,208,172$25,786,248$15,406,054$88,927,397
82$143,354,052$26,914,421$15,786,803$97,324,023
83$157,836,549$28,093,611$16,176,045$106,555,637
84$173,791,862$29,326,184$16,573,928$116,706,685
85$191,370,081$30,614,616$16,980,603$127,870,200
86$210,736,599$31,961,501$17,396,223$140,148,679
87$232,073,675$33,369,558$17,820,939$153,655,043
88$255,582,154$34,841,630$18,254,904$168,513,703
89$281,483,362$36,380,698$18,698,272$184,861,731
90$310,021,196$37,989,883$19,151,195$202,850,144
91$341,464,424$39,672,454$19,613,827$222,645,336
92$376,109,226$41,431,835$20,086,320$244,430,632
93$414,281,983$43,271,611$20,568,828$268,408,026
94$456,342,365$45,195,539$21,061,503$294,800,074
95$502,686,719$47,207,554$21,564,497$323,851,998
96$553,751,817$49,311,776$22,077,960$355,833,988
97$610,018,973$51,512,524$22,602,042$391,043,756
98$672,018,589$53,814,319$23,136,892$429,809,334
99$740,335,164$56,221,899$23,682,656$472,492,168
100$815,612,805$58,740,226$24,239,480$519,490,526