Can I retire at age 51 with 8,000,000?

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 $8,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$660,633$654,748$649,007$643,403$637,931$622,257
2 years$327,046$320,955$315,052$309,328$303,777$288,082
3 years$215,865$209,748$203,859$198,190$192,728$177,504
4 years$160,285$154,187$148,357$142,785$137,456$122,818
5 years$126,946$120,884$115,131$109,672$104,492$90,482
6 years$104,727$98,711$93,043$87,706$82,681$69,313
7 years$88,863$82,897$77,319$72,108$67,241$54,518
8 years$76,970$71,058$65,573$60,489$55,783$43,698
9 years$67,725$61,869$56,478$51,524$46,978$35,520
10 years$60,333$54,535$49,239$44,414$40,027$29,185
11 years$54,289$48,549$43,349$38,653$34,425$24,181
12 years$49,256$43,575$38,471$33,904$29,832$20,170
13 years$45,001$39,379$34,371$29,932$26,014$16,915
14 years$41,357$35,794$30,883$26,571$22,804$14,248
15 years$38,201$32,699$27,883$23,696$20,078$12,045
16 years$35,443$30,001$25,280$21,217$17,745$10,213
17 years$33,012$27,629$23,004$19,064$15,734$8,682
18 years$30,853$25,531$21,000$17,180$13,990$7,395
19 years$28,924$23,662$19,224$15,524$12,470$6,311
20 years$27,189$21,988$17,643$14,060$11,138$5,393
21 years$25,622$20,481$16,228$12,760$9,967$4,615
22 years$24,200$19,118$14,957$11,602$8,934$3,953
23 years$22,903$17,881$13,810$10,566$8,020$3,389
24 years$21,716$16,753$12,772$9,637$7,208$2,908
25 years$20,625$15,722$11,829$8,801$6,487$2,497
26 years$19,620$14,776$10,971$8,047$5,843$2,145
27 years$18,691$13,906$10,188$7,366$5,268$1,844
28 years$17,830$13,103$9,471$6,749$4,753$1,585
29 years$17,030$12,362$8,813$6,189$4,292$1,364
30 years$16,285$11,674$8,209$5,680$3,878$1,173
31 years$15,589$11,036$7,653$5,216$3,506$1,010
32 years$14,937$10,442$7,141$4,794$3,172$869
33 years$14,327$9,889$6,667$4,408$2,870$749
34 years$13,753$9,373$6,229$4,056$2,599$645
35 years$13,214$8,890$5,824$3,734$2,354$555
36 years$12,706$8,438$5,448$3,439$2,133$478
37 years$12,226$8,014$5,100$3,168$1,933$412
38 years$11,773$7,616$4,775$2,920$1,752$355
39 years$11,344$7,242$4,474$2,693$1,589$306
40 years$10,937$6,890$4,194$2,484$1,441$264
41 years$10,552$6,559$3,932$2,291$1,308$227
42 years$10,185$6,246$3,689$2,115$1,187$196
43 years$9,837$5,952$3,461$1,952$1,077$169
44 years$9,505$5,673$3,249$1,803$977$145
45 years$9,189$5,410$3,051$1,665$887$125
46 years$8,888$5,161$2,865$1,538$806$108
47 years$8,600$4,925$2,692$1,421$732$93
48 years$8,325$4,702$2,530$1,313$664$80
49 years$8,062$4,490$2,378$1,213$603$69
50 years$7,811$4,289$2,235$1,121$548$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,000,000, adding $3,896 every year, while hoping to spend $30,453 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: 60/32/8 Blend
50$8,000,000$8,000,000$8,000,000$8,000,000
51$8,820,019$8,396,019$8,272,019$9,333,783
52$9,687,259$8,775,022$8,516,730$10,057,556
53$10,641,937$9,171,576$8,768,618$10,842,812
54$11,692,939$9,586,508$9,027,891$11,698,539
55$12,850,058$10,020,685$9,294,764$12,631,522
56$14,124,082$10,475,017$9,569,458$13,649,218
57$15,526,902$10,950,456$9,852,198$14,759,827
58$17,071,617$11,448,000$10,143,217$15,972,364
59$18,772,664$11,968,694$10,442,757$17,296,747
60$20,645,950$12,513,634$10,751,063$18,743,880
61$22,709,002$13,083,968$11,068,390$20,325,761
62$24,981,137$13,680,898$11,394,997$22,055,585
63$27,483,637$14,305,687$11,731,154$23,947,872
64$30,239,957$14,959,655$12,077,137$26,018,595
65$33,275,941$15,644,186$12,433,229$28,285,330
66$36,620,068$16,360,732$12,799,723$30,767,420
67$40,303,720$17,110,813$13,176,919$33,486,150
68$44,361,479$17,896,022$13,565,125$36,464,946
69$48,831,454$18,718,031$13,964,660$39,729,591
70$53,755,636$19,578,589$14,375,851$43,308,468
71$59,180,301$20,479,530$14,799,032$47,232,815
72$65,156,443$21,422,777$15,234,550$51,537,024
73$71,740,252$22,410,346$15,682,760$56,258,955
74$78,993,653$23,444,348$16,144,028$61,440,291
75$86,984,882$24,526,997$16,618,728$67,126,923
76$95,789,132$25,660,613$17,107,249$73,369,383
77$105,489,268$26,847,627$17,609,986$80,223,307
78$116,176,601$28,090,589$18,127,348$87,749,961
79$127,951,757$29,392,170$18,659,757$96,016,809
80$140,925,620$30,755,170$19,207,643$105,098,147
81$155,220,385$32,182,525$19,771,450$115,075,789
82$170,970,707$33,677,312$20,351,637$126,039,841
83$188,324,974$35,242,755$20,948,671$138,089,539
84$207,446,707$36,882,235$21,563,037$151,334,178
85$228,516,103$38,599,296$22,195,231$165,894,135
86$251,731,737$40,397,653$22,845,763$181,901,996
87$277,312,436$42,281,200$23,515,158$199,503,802
88$305,499,344$44,254,019$24,203,955$218,860,412
89$336,558,200$46,320,388$24,912,710$240,149,014
90$370,781,843$48,484,794$25,641,993$263,564,787
91$408,492,981$50,751,939$26,392,390$289,322,734
92$450,047,235$53,126,754$27,164,504$317,659,695
93$495,836,493$55,614,405$27,958,955$348,836,573
94$546,292,615$58,220,310$28,776,380$383,140,785
95$601,891,507$60,950,151$29,617,434$420,888,963
96$663,157,613$63,809,880$30,482,790$462,429,922
97$730,668,866$66,805,742$31,373,141$508,147,945
98$805,062,146$69,944,279$32,289,197$558,466,394
99$887,039,291$73,232,354$33,231,690$613,851,686
100$977,373,719$76,677,160$34,201,373$674,817,685