Can I retire at age 51 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$635,859$630,195$624,669$619,275$614,009$589,415
2 years$314,782$308,919$303,237$297,729$292,385$267,916
3 years$207,770$201,882$196,215$190,758$185,501$161,927
4 years$154,274$148,405$142,794$137,430$132,301$109,802
5 years$122,186$116,351$110,814$105,559$100,573$79,205
6 years$100,800$95,009$89,554$84,417$79,580$59,357
7 years$85,531$79,789$74,420$69,404$64,720$45,635
8 years$74,084$68,394$63,114$58,221$53,691$35,724
9 years$65,185$59,549$54,360$49,591$45,216$28,339
10 years$58,071$52,490$47,392$42,748$38,526$22,706
11 years$52,254$46,728$41,723$37,204$33,134$18,333
12 years$47,409$41,941$37,029$32,633$28,713$14,892
13 years$43,314$37,902$33,083$28,810$25,038$12,154
14 years$39,806$34,452$29,725$25,574$21,948$9,957
15 years$36,769$31,473$26,838$22,808$19,325$8,182
16 years$34,114$28,876$24,332$20,422$17,080$6,741
17 years$31,774$26,593$22,141$18,349$15,144$5,564
18 years$29,696$24,573$20,212$16,536$13,465$4,601
19 years$27,839$22,774$18,503$14,942$12,002$3,809
20 years$26,170$21,163$16,981$13,533$10,720$3,157
21 years$24,662$19,713$15,620$12,282$9,594$2,619
22 years$23,292$18,401$14,396$11,167$8,599$2,175
23 years$22,044$17,210$13,292$10,170$7,719$1,807
24 years$20,901$16,125$12,293$9,275$6,938$1,502
25 years$19,852$15,132$11,386$8,471$6,243$1,249
26 years$18,885$14,222$10,560$7,745$5,624$1,039
27 years$17,990$13,384$9,806$7,090$5,070$864
28 years$17,162$12,612$9,116$6,496$4,575$719
29 years$16,391$11,898$8,483$5,957$4,131$599
30 years$15,674$11,236$7,901$5,467$3,733$499
31 years$15,004$10,622$7,366$5,021$3,375$415
32 years$14,377$10,051$6,873$4,614$3,053$346
33 years$13,790$9,518$6,417$4,243$2,763$288
34 years$13,238$9,021$5,996$3,904$2,501$240
35 years$12,719$8,556$5,606$3,594$2,266$200
36 years$12,229$8,121$5,244$3,310$2,053$167
37 years$11,768$7,713$4,908$3,050$1,860$139
38 years$11,331$7,330$4,596$2,811$1,687$116
39 years$10,918$6,970$4,306$2,592$1,529$96
40 years$10,527$6,632$4,036$2,391$1,387$80
41 years$10,156$6,313$3,785$2,206$1,259$67
42 years$9,803$6,012$3,550$2,035$1,142$56
43 years$9,468$5,728$3,331$1,879$1,036$46
44 years$9,149$5,460$3,127$1,735$941$39
45 years$8,845$5,207$2,936$1,602$854$32
46 years$8,554$4,967$2,758$1,480$775$27
47 years$8,278$4,740$2,591$1,367$704$22
48 years$8,013$4,525$2,435$1,263$639$19
49 years$7,760$4,321$2,289$1,168$581$16
50 years$7,518$4,128$2,152$1,079$528$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,700,000, adding $5,380 every year, while hoping to spend $51,211 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: 35/45/20 Blend
50$7,700,000$7,700,000$7,700,000$7,700,000
51$8,490,949$8,082,849$7,963,499$8,736,166
52$9,302,538$8,424,421$8,175,789$9,258,184
53$10,195,193$8,781,013$8,393,473$9,815,916
54$11,177,127$9,153,308$8,616,679$10,416,641
55$12,257,393$9,542,019$8,845,537$11,064,213
56$13,445,962$9,947,893$9,080,178$11,762,859
57$14,753,823$10,371,712$9,320,736$12,517,213
58$16,193,080$10,814,293$9,567,348$13,332,359
59$17,777,075$11,276,494$9,820,155$14,213,876
60$19,520,504$11,759,210$10,079,298$15,167,885
61$21,439,564$12,263,379$10,344,922$16,201,106
62$23,552,099$12,789,984$10,617,176$17,320,915
63$25,877,771$13,340,052$10,896,210$18,535,414
64$28,438,248$13,914,659$11,182,178$19,853,498
65$31,257,404$14,514,931$11,475,235$21,284,941
66$34,361,545$15,142,049$11,775,541$22,840,477
67$37,779,658$15,797,245$12,083,257$24,531,905
68$41,543,686$16,481,813$12,398,549$26,372,187
69$45,688,825$17,197,105$12,721,584$28,375,575
70$50,253,861$17,944,539$13,052,533$30,557,730
71$55,281,531$18,725,597$13,391,569$32,935,873
72$60,818,929$19,541,834$13,738,868$35,528,938
73$66,917,951$20,394,874$14,094,611$38,357,746
74$73,635,780$21,286,421$14,458,979$41,445,195
75$81,035,433$22,218,259$14,832,158$44,816,469
76$89,186,347$23,192,254$15,214,335$48,499,273
77$98,165,041$24,210,361$15,605,702$52,524,081
78$108,055,836$25,274,629$16,006,453$56,924,424
79$118,951,647$26,387,202$16,416,785$61,737,191
80$130,954,865$27,550,325$16,836,898$67,002,978
81$144,178,322$28,766,351$17,266,995$72,766,455
82$158,746,352$30,037,743$17,707,280$79,076,784
83$174,795,969$31,367,082$18,157,963$85,988,072
84$192,478,157$32,757,069$18,619,255$93,559,874
85$211,959,299$34,210,535$19,091,369$101,857,743
86$233,422,741$35,730,444$19,574,524$110,953,842
87$257,070,527$37,319,903$20,068,936$120,927,609
88$283,125,305$38,982,162$20,574,830$131,866,503
89$311,832,428$40,720,631$21,092,429$143,866,810
90$343,462,271$42,538,876$21,621,961$157,034,546
91$378,312,780$44,440,639$22,163,654$171,486,441
92$416,712,288$46,429,835$22,717,741$187,351,032
93$459,022,611$48,510,566$23,284,455$204,769,855
94$505,642,466$50,687,132$23,864,032$223,898,775
95$557,011,231$52,964,036$24,456,712$244,909,434
96$613,613,098$55,345,995$25,062,733$267,990,862
97$675,981,637$57,837,951$25,682,337$293,351,240
98$744,704,837$60,445,084$26,315,768$321,219,852
99$820,430,655$63,172,818$26,963,271$351,849,226
100$903,873,133$66,026,837$27,625,092$385,517,504