Can I retire at age 51 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$668,890$662,932$657,119$651,446$645,905$640,494
2 years$331,134$324,967$318,990$313,195$307,574$302,120
3 years$218,563$212,369$206,408$200,667$195,138$189,810
4 years$162,289$156,114$150,212$144,569$139,174$134,013
5 years$128,533$122,395$116,571$111,043$105,798$100,820
6 years$106,036$99,945$94,206$88,802$83,714$78,925
7 years$89,974$83,934$78,286$73,009$68,082$63,484
8 years$77,932$71,947$66,393$61,245$56,481$52,074
9 years$68,572$62,642$57,184$52,168$47,565$43,348
10 years$61,087$55,216$49,854$44,969$40,528$36,498
11 years$54,968$49,156$43,891$39,136$34,855$31,010
12 years$49,872$44,120$38,952$34,328$30,205$26,540
13 years$45,564$39,871$34,801$30,306$26,339$22,851
14 years$41,874$36,242$31,269$26,903$23,089$19,773
15 years$38,679$33,108$28,232$23,992$20,329$17,181
16 years$35,886$30,376$25,596$21,483$17,967$14,981
17 years$33,424$27,975$23,291$19,302$15,931$13,102
18 years$31,239$25,850$21,262$17,395$14,165$11,489
19 years$29,285$23,957$19,464$15,718$12,625$10,096
20 years$27,529$22,262$17,863$14,236$11,277$8,889
21 years$25,943$20,737$16,431$12,920$10,092$7,840
22 years$24,502$19,357$15,144$11,747$9,046$6,924
23 years$23,189$18,104$13,983$10,698$8,120$6,123
24 years$21,987$16,962$12,931$9,757$7,299$5,421
25 years$20,883$15,918$11,977$8,911$6,568$4,804
26 years$19,866$14,961$11,108$8,148$5,916$4,260
27 years$18,925$14,080$10,315$7,458$5,334$3,782
28 years$18,053$13,267$9,589$6,833$4,813$3,359
29 years$17,243$12,516$8,923$6,266$4,346$2,985
30 years$16,488$11,820$8,312$5,751$3,927$2,654
31 years$15,783$11,174$7,749$5,281$3,550$2,361
32 years$15,124$10,573$7,230$4,854$3,211$2,101
33 years$14,506$10,013$6,751$4,463$2,906$1,870
34 years$13,925$9,490$6,307$4,107$2,631$1,666
35 years$13,379$9,001$5,897$3,781$2,383$1,484
36 years$12,865$8,543$5,516$3,482$2,159$1,322
37 years$12,379$8,114$5,163$3,208$1,957$1,178
38 years$11,920$7,711$4,835$2,957$1,774$1,050
39 years$11,486$7,333$4,530$2,726$1,609$936
40 years$11,074$6,976$4,246$2,515$1,459$835
41 years$10,683$6,641$3,981$2,320$1,324$745
42 years$10,312$6,325$3,735$2,141$1,201$664
43 years$9,960$6,026$3,504$1,977$1,090$592
44 years$9,624$5,744$3,290$1,825$990$529
45 years$9,304$5,477$3,089$1,685$898$472
46 years$8,999$5,225$2,901$1,557$816$421
47 years$8,708$4,987$2,726$1,438$741$375
48 years$8,429$4,760$2,561$1,329$673$335
49 years$8,163$4,546$2,407$1,228$611$299
50 years$7,908$4,342$2,263$1,135$555$267

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,100,000, adding $4,277 every year, while hoping to spend $24,174 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: 31/39/30 Blend
50$8,100,000$8,100,000$8,100,000$8,100,000
51$8,930,612$8,501,312$8,375,762$9,125,484
52$9,815,813$8,892,155$8,630,629$9,668,637
53$10,790,495$9,301,339$8,893,224$10,250,476
54$11,863,759$9,729,738$9,163,780$10,876,324
55$13,045,633$10,178,266$9,442,537$11,550,054
56$14,347,169$10,647,883$9,729,744$12,275,913
57$15,780,545$11,139,594$10,025,655$13,058,549
58$17,359,179$11,654,453$10,330,533$13,903,061
59$19,097,858$12,193,564$10,644,649$14,815,035
60$21,012,876$12,758,084$10,968,280$15,800,597
61$23,122,187$13,349,228$11,301,715$16,866,468
62$25,445,576$13,968,267$11,645,249$18,020,017
63$28,004,847$14,616,533$11,999,187$19,269,332
64$30,824,023$15,295,425$12,363,842$20,623,292
65$33,929,580$16,006,408$12,739,537$22,091,638
66$37,350,691$16,751,016$13,126,605$23,685,068
67$41,119,505$17,530,859$13,525,390$25,415,331
68$45,271,447$18,347,624$13,936,244$27,295,328
69$49,845,557$19,203,080$14,359,530$29,339,232
70$54,884,854$20,099,081$14,795,624$31,562,614
71$60,436,743$21,037,569$15,244,911$33,982,583
72$66,553,464$22,020,583$15,707,789$36,617,942
73$73,292,583$23,050,258$16,184,666$39,489,358
74$80,717,540$24,128,834$16,675,965$42,619,549
75$88,898,238$25,258,656$17,182,120$46,033,492
76$97,911,715$26,442,187$17,703,577$49,758,648
77$107,842,860$27,682,004$18,240,798$53,825,217
78$118,785,224$28,980,814$18,794,256$58,266,409
79$130,841,893$30,341,451$19,364,440$63,118,755
80$144,126,471$31,766,887$19,951,854$68,422,434
81$158,764,145$33,260,238$20,557,015$74,221,649
82$174,892,871$34,824,773$21,180,458$80,565,030
83$192,664,672$36,463,915$21,822,731$87,506,084
84$212,247,078$38,181,256$22,484,402$95,103,686
85$233,824,703$39,980,560$23,166,052$103,422,627
86$257,600,991$41,865,776$23,868,284$112,534,207
87$283,800,135$43,841,042$24,591,714$122,516,901
88$312,669,193$45,910,698$25,336,981$133,457,081
89$344,480,420$48,079,291$26,104,739$145,449,819
90$379,533,840$50,351,594$26,895,665$158,599,772
91$418,160,076$52,732,606$27,710,454$173,022,148
92$460,723,472$55,227,572$28,549,822$188,843,782
93$507,625,533$57,841,990$29,414,508$206,204,315
94$559,308,715$60,581,625$30,305,272$225,257,492
95$616,260,600$63,452,521$31,222,895$246,172,598
96$679,018,504$66,461,017$32,168,185$269,136,033
97$748,174,542$69,613,758$33,141,970$294,353,051
98$824,381,225$72,917,712$34,145,105$322,049,680
99$908,357,616$76,380,185$35,178,472$352,474,827
100$1,000,896,118$80,008,839$36,242,976$385,902,610