Can I retire at age 51 with 7,200,000?

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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$594,569$589,273$584,106$579,063$574,138$552,888
2 years$294,341$288,859$283,547$278,396$273,399$252,230
3 years$194,278$188,773$183,473$178,371$173,456$153,033
4 years$144,257$138,768$133,522$128,506$123,710$104,190
5 years$114,251$108,796$103,618$98,705$94,042$75,476
6 years$94,255$88,840$83,739$78,935$74,413$56,812
7 years$79,977$74,608$69,587$64,897$60,517$43,879
8 years$69,273$63,953$59,016$54,440$50,205$34,513
9 years$60,953$55,682$50,830$46,371$42,280$27,513
10 years$54,300$49,081$44,315$39,972$36,025$22,157
11 years$48,860$43,694$39,014$34,788$30,982$17,983
12 years$44,331$39,217$34,624$30,514$26,849$14,686
13 years$40,501$35,441$30,934$26,939$23,413$12,052
14 years$37,221$32,215$27,795$23,913$20,523$9,929
15 years$34,381$29,429$25,095$21,327$18,070$8,206
16 years$31,899$27,000$22,752$19,096$15,971$6,800
17 years$29,711$24,866$20,704$17,157$14,161$5,646
18 years$27,768$22,978$18,900$15,462$12,591$4,696
19 years$26,031$21,296$17,302$13,971$11,223$3,912
20 years$24,471$19,789$15,879$12,654$10,024$3,263
21 years$23,060$18,433$14,605$11,484$8,971$2,724
22 years$21,780$17,206$13,461$10,442$8,041$2,275
23 years$20,613$16,092$12,429$9,509$7,218$1,902
24 years$19,544$15,078$11,495$8,673$6,488$1,591
25 years$18,563$14,150$10,646$7,921$5,838$1,332
26 years$17,658$13,298$9,874$7,242$5,259$1,115
27 years$16,822$12,515$9,169$6,629$4,741$934
28 years$16,047$11,793$8,524$6,074$4,278$782
29 years$15,327$11,125$7,932$5,570$3,863$656
30 years$14,656$10,507$7,388$5,112$3,490$549
31 years$14,030$9,932$6,888$4,695$3,156$461
32 years$13,444$9,398$6,427$4,314$2,854$386
33 years$12,894$8,900$6,000$3,968$2,583$324
34 years$12,378$8,435$5,606$3,650$2,339$271
35 years$11,893$8,001$5,242$3,360$2,118$228
36 years$11,435$7,594$4,903$3,095$1,919$191
37 years$11,004$7,212$4,590$2,852$1,740$160
38 years$10,596$6,854$4,298$2,628$1,577$134
39 years$10,209$6,518$4,027$2,423$1,430$113
40 years$9,844$6,201$3,774$2,235$1,297$94
41 years$9,496$5,903$3,539$2,062$1,177$79
42 years$9,167$5,622$3,320$1,903$1,068$66
43 years$8,853$5,356$3,115$1,757$969$56
44 years$8,555$5,106$2,924$1,622$880$47
45 years$8,270$4,869$2,746$1,498$799$39
46 years$7,999$4,645$2,579$1,384$725$33
47 years$7,740$4,432$2,423$1,279$658$28
48 years$7,493$4,231$2,277$1,181$598$23
49 years$7,256$4,041$2,140$1,092$543$19
50 years$7,030$3,860$2,012$1,009$493$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,200,000, adding $6,035 every year, while hoping to spend $31,200 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: 33/44/23 Blend
50$7,200,000$7,200,000$7,200,000$7,200,000
51$7,940,625$7,559,025$7,447,425$8,146,530
52$8,717,372$7,896,221$7,663,717$8,638,532
53$9,572,302$8,248,893$7,886,210$9,165,169
54$10,513,356$8,617,768$8,115,077$9,732,121
55$11,549,285$9,003,605$8,350,498$10,342,965
56$12,689,731$9,407,201$8,592,659$11,001,618
57$13,945,318$9,829,389$8,841,748$11,712,374
58$15,327,755$10,271,043$9,097,960$12,479,941
59$16,849,940$10,733,078$9,361,497$13,309,479
60$18,526,089$11,216,454$9,632,562$14,206,649
61$20,371,865$11,722,176$9,911,368$15,177,663
62$22,404,528$12,251,295$10,198,131$16,229,333
63$24,643,097$12,804,915$10,493,075$17,369,140
64$27,108,528$13,384,192$10,796,429$18,605,291
65$29,823,917$13,990,336$11,108,428$19,946,800
66$32,814,710$14,624,616$11,429,314$21,403,565
67$36,108,950$15,288,361$11,759,336$22,986,456
68$39,737,537$15,982,966$12,098,748$24,707,414
69$43,734,523$16,709,888$12,447,813$26,579,559
70$48,137,429$17,470,657$12,806,799$28,617,305
71$52,987,605$18,266,877$13,175,985$30,836,495
72$58,330,613$19,100,227$13,555,653$33,254,542
73$64,216,664$19,972,466$13,946,096$35,890,587
74$70,701,086$20,885,440$14,347,612$38,765,672
75$77,844,851$21,841,080$14,760,511$41,902,937
76$85,715,145$22,841,412$15,185,108$45,327,825
77$94,386,009$23,888,560$15,621,728$49,068,318
78$103,939,029$24,984,748$16,070,703$53,155,193
79$114,464,116$26,132,306$16,532,378$57,622,303
80$126,060,346$27,333,679$17,007,102$62,506,890
81$138,836,899$28,591,427$17,495,238$67,849,926
82$152,914,091$29,908,235$17,997,156$73,696,494
83$168,424,504$31,286,914$18,513,237$80,096,196
84$185,514,244$32,730,414$19,043,872$87,103,619
85$204,344,317$34,241,825$19,589,462$94,778,837
86$225,092,148$35,824,384$20,150,419$103,187,965
87$247,953,255$37,481,487$20,727,166$112,403,772
88$273,143,100$39,216,693$21,320,138$122,506,360
89$300,899,114$41,033,729$21,929,782$133,583,899
90$331,482,948$42,936,506$22,556,554$145,733,456
91$365,182,935$44,929,121$23,200,924$159,061,889
92$402,316,816$47,015,869$23,863,376$173,686,844
93$443,234,736$49,201,252$24,544,405$189,737,852
94$488,322,555$51,489,989$25,244,518$207,357,533
95$538,005,485$53,887,028$25,964,239$226,702,928
96$592,752,106$56,397,553$26,704,102$247,946,961
97$653,078,789$59,027,002$27,464,658$271,280,055
98$719,554,571$61,781,071$28,246,470$296,911,913
99$792,806,528$64,665,734$29,050,117$325,073,470
100$873,525,693$67,687,254$29,876,195$356,019,060