Can I retire at age 51 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$586,311$581,089$575,993$571,020$566,164$563,778
2 years$290,253$284,847$279,608$274,529$269,602$267,194
3 years$191,580$186,151$180,925$175,893$171,047$168,690
4 years$142,253$136,841$131,667$126,721$121,992$119,705
5 years$112,665$107,285$102,179$97,334$92,736$90,526
6 years$92,945$87,606$82,576$77,839$73,379$71,248
7 years$78,866$73,571$68,621$63,996$59,677$57,627
8 years$68,311$63,064$58,196$53,684$49,508$47,538
9 years$60,106$54,909$50,124$45,727$41,693$39,804
10 years$53,546$48,399$43,699$39,417$35,524$33,715
11 years$48,182$43,087$38,472$34,305$30,552$28,821
12 years$43,715$38,673$34,143$30,090$26,476$24,822
13 years$39,939$34,949$30,505$26,565$23,087$21,509
14 years$36,704$31,768$27,409$23,581$20,238$18,733
15 years$33,904$29,020$24,746$21,030$17,819$16,386
16 years$31,456$26,625$22,436$18,830$15,749$14,386
17 years$29,298$24,521$20,416$16,919$13,964$12,669
18 years$27,382$22,659$18,637$15,247$12,416$11,187
19 years$25,670$21,000$17,061$13,777$11,067$9,901
20 years$24,131$19,514$15,658$12,478$9,885$8,781
21 years$22,740$18,177$14,402$11,325$8,846$7,802
22 years$21,477$16,967$13,274$10,297$7,929$6,942
23 years$20,326$15,869$12,256$9,377$7,118$6,185
24 years$19,273$14,868$11,335$8,553$6,398$5,518
25 years$18,305$13,953$10,498$7,811$5,757$4,928
26 years$17,413$13,114$9,737$7,142$5,186$4,405
27 years$16,589$12,341$9,041$6,537$4,675$3,940
28 years$15,824$11,629$8,405$5,989$4,218$3,528
29 years$15,114$10,971$7,822$5,492$3,809$3,160
30 years$14,453$10,361$7,286$5,041$3,442$2,833
31 years$13,835$9,794$6,792$4,629$3,112$2,541
32 years$13,257$9,268$6,337$4,255$2,815$2,280
33 years$12,715$8,777$5,917$3,912$2,547$2,046
34 years$12,206$8,318$5,529$3,600$2,306$1,837
35 years$11,728$7,890$5,169$3,314$2,089$1,650
36 years$11,276$7,488$4,835$3,052$1,893$1,483
37 years$10,851$7,112$4,526$2,812$1,715$1,333
38 years$10,448$6,759$4,238$2,592$1,555$1,198
39 years$10,068$6,427$3,971$2,390$1,410$1,077
40 years$9,707$6,115$3,722$2,204$1,279$969
41 years$9,364$5,821$3,490$2,034$1,161$872
42 years$9,039$5,544$3,274$1,877$1,053$784
43 years$8,730$5,282$3,072$1,733$956$706
44 years$8,436$5,035$2,883$1,600$867$635
45 years$8,155$4,801$2,707$1,477$788$571
46 years$7,888$4,580$2,543$1,365$715$514
47 years$7,633$4,371$2,389$1,261$649$463
48 years$7,389$4,173$2,245$1,165$590$417
49 years$7,155$3,985$2,110$1,077$536$375
50 years$6,932$3,806$1,984$995$486$338

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,100,000, adding $6,644 every year, while hoping to spend $59,629 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: 23/49/28 Blend
50$7,100,000$7,100,000$7,100,000$7,100,000
51$7,831,053$7,454,753$7,344,703$7,941,697
52$8,566,376$7,756,591$7,527,306$8,340,058
53$9,374,703$8,071,221$7,714,028$8,760,806
54$10,263,418$8,399,206$7,904,943$9,210,012
55$11,240,655$8,741,136$8,100,127$9,690,061
56$12,315,378$9,097,627$8,299,657$10,203,565
57$13,497,459$9,469,324$8,503,608$10,753,379
58$14,797,779$9,856,900$8,712,058$11,342,630
59$16,228,325$10,261,060$8,925,084$11,974,741
60$17,802,303$10,682,541$9,142,764$12,653,460
61$19,534,265$11,122,113$9,365,174$13,382,894
62$21,440,246$11,580,582$9,592,393$14,167,545
63$23,537,911$12,058,791$9,824,498$15,012,345
64$25,846,728$12,557,621$10,061,568$15,922,704
65$28,388,144$13,077,994$10,303,681$16,904,556
66$31,185,793$13,620,875$10,550,913$17,964,408
67$34,265,718$14,187,272$10,803,342$19,109,403
68$37,656,612$14,778,239$11,061,045$20,347,377
69$41,390,096$15,394,882$11,324,099$21,686,935
70$45,501,008$16,038,354$11,592,579$23,137,524
71$50,027,741$16,709,863$11,866,561$24,709,515
72$55,012,598$17,410,674$12,146,118$26,414,304
73$60,502,195$18,142,109$12,431,325$28,264,406
74$66,547,897$18,905,550$12,722,252$30,273,573
75$73,206,306$19,702,446$13,018,972$32,456,916
76$80,539,796$20,534,312$13,321,553$34,831,042
77$88,617,094$21,402,732$13,630,064$37,414,207
78$97,513,936$22,309,365$13,944,571$40,226,478
79$107,313,781$23,255,948$14,265,137$43,289,919
80$118,108,593$24,244,295$14,591,825$46,628,792
81$129,999,713$25,276,309$14,924,695$50,269,777
82$143,098,814$26,353,979$15,263,803$54,242,219
83$157,528,957$27,479,387$15,609,203$58,578,394
84$173,425,747$28,654,714$15,960,948$63,313,809
85$190,938,617$29,882,239$16,319,085$68,487,526
86$210,232,240$31,164,352$16,683,657$74,142,522
87$231,488,075$32,503,552$17,054,706$80,326,089
88$254,906,088$33,902,455$17,432,268$87,090,264
89$280,706,634$35,363,801$17,816,374$94,492,316
90$309,132,540$36,890,457$18,207,052$102,595,275
91$340,451,394$38,485,424$18,604,324$111,468,512
92$374,958,072$40,151,846$19,008,204$121,188,388
93$412,977,522$41,893,012$19,418,705$131,838,959
94$454,867,827$43,712,368$19,835,830$143,512,755
95$501,023,592$45,613,521$20,259,577$156,311,649
96$551,879,661$47,600,246$20,689,935$170,347,793
97$607,915,226$49,676,498$21,126,888$185,744,671
98$669,658,350$51,846,417$21,570,410$202,638,249
99$737,690,950$54,114,339$22,020,466$221,178,237
100$812,654,289$56,484,804$22,477,014$241,529,491