Can I retire at age 51 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$627,601$622,011$616,556$611,233$606,035$598,958
2 years$310,694$304,907$299,299$293,862$288,588$281,465
3 years$205,072$199,260$193,666$188,280$183,092$176,144
4 years$152,271$146,477$140,940$135,645$130,583$123,863
5 years$120,599$114,840$109,375$104,189$99,267$92,796
6 years$99,491$93,775$88,391$83,320$78,547$72,331
7 years$84,420$78,753$73,453$68,502$63,879$57,922
8 years$73,122$67,505$62,294$57,465$52,994$47,295
9 years$64,339$58,776$53,654$48,947$44,629$39,185
10 years$57,317$51,808$46,777$42,193$38,026$32,834
11 years$51,575$46,121$41,182$36,721$32,704$27,759
12 years$46,794$41,396$36,548$32,209$28,340$23,638
13 years$42,751$37,410$32,653$28,436$24,713$20,247
14 years$39,289$34,005$29,339$25,242$21,663$17,428
15 years$36,291$31,064$26,489$22,511$19,074$15,061
16 years$33,671$28,501$24,016$20,157$16,858$13,061
17 years$31,361$26,248$21,854$18,110$14,947$11,359
18 years$29,310$24,254$19,950$16,321$13,290$9,904
19 years$27,477$22,479$18,263$14,748$11,846$8,653
20 years$25,830$20,888$16,761$13,357$10,581$7,574
21 years$24,341$19,457$15,417$12,122$9,469$6,640
22 years$22,990$18,162$14,209$11,022$8,488$5,830
23 years$21,758$16,987$13,119$10,038$7,619$5,124
24 years$20,630$15,915$12,133$9,155$6,848$4,508
25 years$19,594$14,936$11,238$8,361$6,162$3,970
26 years$18,639$14,037$10,422$7,645$5,551$3,499
27 years$17,757$13,211$9,678$6,997$5,004$3,086
28 years$16,939$12,448$8,997$6,411$4,516$2,723
29 years$16,179$11,744$8,373$5,879$4,077$2,405
30 years$15,470$11,091$7,799$5,396$3,684$2,124
31 years$14,809$10,484$7,271$4,955$3,331$1,877
32 years$14,190$9,920$6,784$4,554$3,013$1,660
33 years$13,610$9,395$6,334$4,188$2,727$1,468
34 years$13,066$8,904$5,918$3,853$2,469$1,298
35 years$12,553$8,445$5,533$3,547$2,236$1,149
36 years$12,071$8,016$5,176$3,267$2,026$1,017
37 years$11,615$7,613$4,845$3,010$1,836$900
38 years$11,184$7,235$4,537$2,774$1,665$797
39 years$10,777$6,880$4,250$2,558$1,510$706
40 years$10,390$6,546$3,984$2,359$1,369$625
41 years$10,024$6,231$3,736$2,177$1,242$553
42 years$9,676$5,934$3,504$2,009$1,127$490
43 years$9,345$5,654$3,288$1,855$1,023$434
44 years$9,030$5,389$3,087$1,712$929$385
45 years$8,730$5,139$2,898$1,581$843$341
46 years$8,443$4,903$2,722$1,461$765$302
47 years$8,170$4,679$2,557$1,350$695$268
48 years$7,909$4,466$2,403$1,247$631$237
49 years$7,659$4,265$2,259$1,153$573$210
50 years$7,420$4,074$2,124$1,065$521$186

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,600,000, adding $3,719 every year, while hoping to spend $30,643 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: 71/10/19 Blend
50$7,600,000$7,600,000$7,600,000$7,600,000
51$8,379,036$7,976,236$7,858,436$8,935,433
52$9,201,094$8,334,468$8,089,090$9,664,548
53$10,105,975$8,709,226$8,326,443$10,458,551
54$11,102,094$9,101,288$8,570,689$11,327,112
55$12,198,724$9,511,468$8,822,024$12,277,610
56$13,406,084$9,940,619$9,080,652$13,318,170
57$14,735,431$10,389,637$9,346,780$14,457,736
58$16,199,173$10,859,457$9,620,625$15,706,155
59$17,810,980$11,351,061$9,902,407$17,074,269
60$19,585,914$11,865,478$10,192,352$18,574,018
61$21,540,576$12,403,784$10,490,695$20,218,547
62$23,693,256$12,967,111$10,797,674$22,022,333
63$26,064,108$13,556,639$11,113,536$24,001,318
64$28,675,343$14,173,610$11,438,535$26,173,060
65$31,551,433$14,819,323$11,772,932$28,556,894
66$34,719,348$15,495,138$12,116,994$31,174,118
67$38,208,805$16,202,483$12,470,996$34,048,185
68$42,052,550$16,942,853$12,835,222$37,204,932
69$46,286,671$17,717,813$13,209,963$40,672,813
70$50,950,933$18,529,007$13,595,518$44,483,174
71$56,089,154$19,378,154$13,992,194$48,670,540
72$61,749,622$20,267,059$14,400,307$53,272,944
73$67,985,549$21,197,609$14,820,182$58,332,280
74$74,855,570$22,171,787$15,252,153$63,894,702
75$82,424,301$23,191,668$15,696,563$70,011,051
76$90,762,947$24,259,427$16,153,766$76,737,337
77$99,949,973$25,377,344$16,624,122$84,135,261
78$110,071,845$26,547,809$17,108,005$92,272,803
79$121,223,849$27,773,327$17,605,799$101,224,852
80$133,510,984$29,056,522$18,117,895$111,073,916
81$147,048,959$30,400,147$18,644,699$121,910,895
82$161,965,283$31,807,084$19,186,627$133,835,940
83$178,400,468$33,280,358$19,744,105$146,959,391
84$196,509,355$34,823,135$20,317,573$161,402,818
85$216,462,579$36,438,738$20,907,481$177,300,165
86$238,448,173$38,130,647$21,514,293$194,799,011
87$262,673,350$39,902,512$22,138,485$214,061,958
88$289,366,454$41,758,158$22,780,546$235,268,167
89$318,779,118$43,701,593$23,440,980$258,615,038
90$351,188,638$45,737,021$24,120,303$284,320,077
91$386,900,592$47,868,848$24,819,046$312,622,941
92$426,251,722$50,101,692$25,537,754$343,787,695
93$469,613,117$52,440,394$26,276,988$378,105,304
94$517,393,711$54,890,029$27,037,323$415,896,373
95$570,044,148$57,455,919$27,819,351$457,514,169
96$628,061,032$60,143,639$28,623,681$503,347,949
97$691,991,618$62,959,039$29,450,935$553,826,634
98$762,438,977$65,908,246$30,301,755$609,422,847
99$840,067,690$68,997,687$31,176,801$670,657,373
100$925,610,119$72,234,098$32,076,749$738,104,067