Can I retire at age 51 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$652,375$646,564$640,894$635,360$629,957$621,056
2 years$322,958$316,943$311,114$305,462$299,980$291,029
3 years$213,166$207,126$201,311$195,712$190,319$181,598
4 years$158,282$152,259$146,503$141,000$135,737$127,312
5 years$125,359$119,373$113,692$108,301$103,185$95,080
6 years$103,418$97,477$91,880$86,609$81,647$73,872
7 years$87,752$81,861$76,353$71,206$66,401$58,959
8 years$76,008$70,170$64,753$59,733$55,086$47,975
9 years$66,878$61,096$55,772$50,879$46,390$39,608
10 years$59,579$53,853$48,623$43,859$39,527$33,068
11 years$53,611$47,942$42,807$38,170$33,994$27,853
12 years$48,641$43,030$37,990$33,480$29,459$23,627
13 years$44,439$38,887$33,942$29,558$25,689$20,159
14 years$40,840$35,347$30,497$26,238$22,519$17,282
15 years$37,724$32,290$27,535$23,400$19,827$14,875
16 years$35,000$29,626$24,964$20,952$17,523$12,846
17 years$32,599$27,284$22,716$18,825$15,537$11,125
18 years$30,467$25,212$20,737$16,965$13,815$9,658
19 years$28,562$23,366$18,984$15,330$12,314$8,401
20 years$26,850$21,713$17,422$13,884$10,999$7,321
21 years$25,302$20,225$16,025$12,601$9,843$6,390
22 years$23,897$18,879$14,770$11,457$8,823$5,584
23 years$22,617$17,657$13,637$10,434$7,920$4,886
24 years$21,444$16,544$12,612$9,516$7,118$4,279
25 years$20,367$15,525$11,681$8,691$6,405$3,750
26 years$19,375$14,591$10,834$7,947$5,770$3,290
27 years$18,458$13,732$10,060$7,274$5,202$2,887
28 years$17,607$12,940$9,352$6,664$4,694$2,536
29 years$16,817$12,207$8,703$6,111$4,238$2,228
30 years$16,081$11,528$8,107$5,609$3,830$1,959
31 years$15,394$10,898$7,558$5,151$3,462$1,722
32 years$14,751$10,312$7,051$4,734$3,132$1,515
33 years$14,148$9,765$6,584$4,353$2,834$1,333
34 years$13,582$9,255$6,152$4,005$2,566$1,173
35 years$13,049$8,779$5,751$3,687$2,324$1,033
36 years$12,547$8,332$5,380$3,396$2,106$910
37 years$12,073$7,914$5,036$3,129$1,909$801
38 years$11,626$7,521$4,716$2,884$1,730$706
39 years$11,202$7,152$4,418$2,659$1,569$622
40 years$10,801$6,804$4,141$2,453$1,423$548
41 years$10,420$6,477$3,883$2,263$1,291$483
42 years$10,058$6,168$3,642$2,088$1,172$425
43 years$9,714$5,877$3,418$1,928$1,063$375
44 years$9,386$5,602$3,208$1,780$965$330
45 years$9,074$5,342$3,013$1,644$876$291
46 years$8,777$5,096$2,829$1,518$796$257
47 years$8,493$4,863$2,658$1,403$722$226
48 years$8,221$4,643$2,498$1,296$656$199
49 years$7,962$4,434$2,348$1,198$596$176
50 years$7,713$4,235$2,207$1,107$541$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $7,900,000, adding $6,758 every year, while hoping to spend $34,220 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: 55/30/15 Blend
50$7,900,000$7,900,000$7,900,000$7,900,000
51$8,712,771$8,294,071$8,171,621$9,157,231
52$9,565,064$8,664,071$8,408,960$9,830,328
53$10,503,143$9,051,053$8,653,104$10,558,617
54$11,535,724$9,455,815$8,904,243$11,350,865
55$12,672,408$9,879,190$9,162,575$12,213,186
56$13,923,775$10,322,051$9,428,303$13,152,298
57$15,301,483$10,785,315$9,701,634$14,175,587
58$16,818,378$11,269,939$9,982,782$15,291,175
59$18,488,614$11,776,928$10,271,967$16,507,990
60$20,327,790$12,307,334$10,569,415$17,835,853
61$22,353,092$12,862,261$10,875,357$19,285,564
62$24,583,458$13,442,863$11,190,033$20,869,002
63$27,039,758$14,050,350$11,513,686$22,599,235
64$29,744,987$14,685,991$11,846,568$24,490,638
65$32,724,485$15,351,114$12,188,938$26,559,028
66$36,006,176$16,047,112$12,541,061$28,821,809
67$39,620,829$16,775,443$12,903,209$31,298,132
68$43,602,350$17,537,637$13,275,663$34,009,073
69$47,988,102$18,335,294$13,658,711$36,977,825
70$52,819,258$19,170,093$14,052,647$40,229,917
71$58,141,188$20,043,792$14,457,776$43,793,449
72$64,003,887$20,958,236$14,874,409$47,699,351
73$70,462,448$21,915,355$15,302,867$51,981,674
74$77,577,583$22,917,172$15,743,479$56,677,902
75$85,416,193$23,965,810$16,196,581$61,829,304
76$94,052,000$25,063,490$16,662,523$67,481,317
77$103,566,246$26,212,543$17,141,658$73,683,969
78$114,048,454$27,415,408$17,634,355$80,492,346
79$125,597,278$28,674,646$18,140,988$87,967,106
80$138,321,433$29,992,936$18,661,944$96,175,045
81$152,340,719$31,373,089$19,197,618$105,189,718
82$167,787,152$32,818,051$19,748,418$115,092,132
83$184,806,214$34,330,907$20,314,763$125,971,499
84$203,558,220$35,914,894$20,897,079$137,926,072
85$224,219,837$37,573,402$21,495,810$151,064,063
86$246,985,746$39,309,985$22,111,406$165,504,659
87$272,070,487$41,128,368$22,744,332$181,379,134
88$299,710,475$43,032,457$23,395,066$198,832,085
89$330,166,239$45,026,343$24,064,096$218,022,782
90$363,724,878$47,114,316$24,751,926$239,126,662
91$400,702,771$49,300,873$25,459,071$262,336,981
92$441,448,564$51,590,727$26,186,061$287,866,616
93$486,346,463$53,988,818$26,933,439$315,950,075
94$535,819,858$56,500,325$27,701,764$346,845,690
95$590,335,319$59,130,677$28,491,609$380,838,049
96$650,407,005$61,885,564$29,303,562$418,240,664
97$716,601,514$64,770,951$30,138,226$459,398,921
98$789,543,232$67,793,091$30,996,220$504,693,326
99$869,920,229$70,958,540$31,878,180$554,543,078
100$958,490,753$74,274,168$32,784,760$609,410,017