Can I retire at age 51 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$602,827$597,458$592,219$587,105$582,112$563,478
2 years$298,429$292,871$287,485$282,262$277,196$258,595
3 years$196,977$191,395$186,022$180,848$175,865$157,880
4 years$146,260$140,695$135,376$130,291$125,428$108,197
5 years$115,838$110,307$105,057$100,076$95,349$78,917
6 years$95,564$90,074$84,902$80,031$75,446$59,829
7 years$81,087$75,644$70,554$65,798$61,358$46,553
8 years$70,235$64,841$59,835$55,197$50,902$36,899
9 years$61,799$56,456$51,536$47,015$42,867$29,650
10 years$55,054$49,763$44,930$40,528$36,525$24,074
11 years$49,539$44,301$39,556$35,271$31,413$19,705
12 years$44,947$39,762$35,105$30,938$27,221$16,232
13 years$41,064$35,933$31,364$27,313$23,738$13,439
14 years$37,738$32,662$28,181$24,246$20,808$11,173
15 years$34,859$29,838$25,443$21,623$18,321$9,320
16 years$32,342$27,376$23,068$19,361$16,192$7,795
17 years$30,123$25,212$20,991$17,396$14,357$6,535
18 years$28,153$23,297$19,162$15,677$12,766$5,489
19 years$26,393$21,591$17,542$14,165$11,378$4,618
20 years$24,810$20,064$16,099$12,830$10,163$3,889
21 years$23,381$18,689$14,808$11,644$9,095$3,280
22 years$22,082$17,445$13,648$10,587$8,153$2,768
23 years$20,899$16,316$12,602$9,642$7,318$2,338
24 years$19,816$15,287$11,654$8,794$6,578$1,976
25 years$18,821$14,346$10,794$8,031$5,919$1,671
26 years$17,904$13,483$10,011$7,343$5,332$1,414
27 years$17,056$12,689$9,296$6,721$4,807$1,197
28 years$16,270$11,957$8,642$6,158$4,337$1,013
29 years$15,540$11,280$8,042$5,647$3,916$858
30 years$14,860$10,653$7,491$5,183$3,539$727
31 years$14,225$10,070$6,984$4,760$3,199$616
32 years$13,630$9,529$6,516$4,374$2,894$522
33 years$13,073$9,024$6,084$4,023$2,619$442
34 years$12,550$8,552$5,684$3,701$2,371$375
35 years$12,058$8,112$5,314$3,407$2,148$318
36 years$11,594$7,699$4,972$3,138$1,946$269
37 years$11,156$7,313$4,653$2,891$1,764$228
38 years$10,743$6,950$4,358$2,665$1,599$194
39 years$10,351$6,608$4,083$2,457$1,450$164
40 years$9,980$6,287$3,827$2,266$1,315$139
41 years$9,628$5,985$3,588$2,091$1,193$118
42 years$9,294$5,700$3,366$1,930$1,083$100
43 years$8,976$5,431$3,158$1,781$983$85
44 years$8,673$5,177$2,965$1,645$892$72
45 years$8,385$4,936$2,784$1,519$810$61
46 years$8,110$4,709$2,615$1,403$735$52
47 years$7,848$4,494$2,456$1,296$668$44
48 years$7,597$4,290$2,308$1,198$606$37
49 years$7,357$4,097$2,170$1,107$551$32
50 years$7,127$3,913$2,040$1,023$500$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,300,000, adding $3,256 every year, while hoping to spend $36,696 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: 55/24/21 Blend
50$7,300,000$7,300,000$7,300,000$7,300,000
51$8,047,959$7,661,059$7,547,909$8,444,525
52$8,829,806$7,997,406$7,761,719$9,052,661
53$9,690,172$8,349,005$7,981,463$9,710,432
54$10,637,027$8,716,563$8,207,299$10,425,966
55$11,679,152$9,100,824$8,439,392$11,204,810
56$12,826,225$9,502,563$8,677,910$12,053,061
57$14,088,906$9,922,595$8,923,027$12,977,422
58$15,478,945$10,361,772$9,174,919$13,985,269
59$17,009,286$10,820,988$9,433,767$15,084,711
60$18,694,194$11,301,177$9,699,759$16,284,670
61$20,549,386$11,803,319$9,973,085$17,594,961
62$22,592,182$12,328,440$10,253,942$19,026,381
63$24,841,666$12,877,615$10,542,531$20,590,814
64$27,318,867$13,451,970$10,839,057$22,301,331
65$30,046,959$14,052,684$11,143,733$24,172,322
66$33,051,475$14,680,992$11,456,774$26,219,621
67$36,360,554$15,338,188$11,778,404$28,460,656
68$40,005,200$16,025,629$12,108,850$30,914,611
69$44,019,579$16,744,734$12,448,346$33,602,602
70$48,441,342$17,496,992$12,797,131$36,547,876
71$53,311,975$18,283,960$13,155,451$39,776,023
72$58,677,196$19,107,274$13,523,558$43,315,218
73$64,587,382$19,968,642$13,901,710$47,196,484
74$71,098,048$20,869,859$14,290,170$51,453,975
75$78,270,369$21,812,802$14,689,211$56,125,302
76$86,171,757$22,799,439$15,099,109$61,251,879
77$94,876,497$23,831,833$15,520,151$66,879,312
78$104,466,450$24,912,143$15,952,626$73,057,824
79$115,031,824$26,042,634$16,396,835$79,842,725
80$126,672,024$27,225,678$16,853,083$87,294,928
81$139,496,594$28,463,759$17,321,685$95,481,522
82$153,626,247$29,759,484$17,802,962$104,476,396
83$169,194,006$31,115,580$18,297,243$114,360,936
84$186,346,460$32,534,909$18,804,865$125,224,781
85$205,245,145$34,020,466$19,326,175$137,166,669
86$226,068,075$35,575,394$19,861,527$150,295,361
87$249,011,412$37,202,982$20,411,282$164,730,661
88$274,291,329$38,906,680$20,975,812$180,604,537
89$302,146,040$40,690,104$21,555,498$198,062,365
90$332,838,058$42,557,040$22,150,729$217,264,293
91$366,656,665$44,511,460$22,761,903$238,386,741
92$403,920,647$46,557,524$23,389,429$261,624,062
93$444,981,303$48,699,593$24,033,725$287,190,365
94$490,225,759$50,942,236$24,695,218$315,321,534
95$540,080,625$53,290,244$25,374,347$346,277,437
96$595,016,021$55,748,638$26,071,559$380,344,374
97$655,550,013$58,322,679$26,787,314$417,837,772
98$722,253,506$61,017,883$27,522,081$459,105,145
99$795,755,633$63,840,029$28,276,341$504,529,373
100$876,749,694$66,795,176$29,050,584$554,532,295