Can I retire at age 51 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$685,406$679,301$673,344$667,531$661,854$650,087
2 years$339,310$332,991$326,866$320,928$315,168$303,354
3 years$223,960$217,613$211,504$205,622$199,956$188,461
4 years$166,296$159,969$153,921$148,139$142,610$131,524
5 years$131,707$125,417$119,449$113,785$108,410$97,764
6 years$108,655$102,413$96,532$90,995$85,781$75,588
7 years$92,195$86,006$80,219$74,812$69,763$60,025
8 years$79,857$73,723$68,032$62,758$57,875$48,590
9 years$70,265$64,189$58,596$53,456$48,739$39,902
10 years$62,596$56,580$51,085$46,079$41,528$33,131
11 years$56,325$50,370$44,975$40,103$35,716$27,748
12 years$51,104$45,209$39,914$35,176$30,950$23,403
13 years$46,689$40,856$35,660$31,055$26,989$19,850
14 years$42,908$37,137$32,041$27,567$23,659$16,915
15 years$39,634$33,925$28,929$24,585$20,831$14,469
16 years$36,772$31,126$26,228$22,013$18,411$12,417
17 years$34,250$28,665$23,867$19,779$16,324$10,685
18 years$32,010$26,488$21,787$17,824$14,515$9,216
19 years$30,008$24,549$19,945$16,106$12,937$7,964
20 years$28,209$22,812$18,305$14,587$11,556$6,894
21 years$26,583$21,249$16,837$13,239$10,341$5,976
22 years$25,107$19,835$15,518$12,037$9,269$5,186
23 years$23,762$18,551$14,328$10,962$8,321$4,506
24 years$22,530$17,381$13,251$9,998$7,479$3,919
25 years$21,399$16,311$12,273$9,131$6,730$3,410
26 years$20,356$15,330$11,382$8,349$6,062$2,970
27 years$19,392$14,427$10,570$7,642$5,465$2,588
28 years$18,499$13,595$9,826$7,002$4,931$2,256
29 years$17,669$12,825$9,144$6,421$4,453$1,968
30 years$16,895$12,112$8,517$5,893$4,024$1,717
31 years$16,173$11,450$7,940$5,412$3,638$1,499
32 years$15,497$10,834$7,408$4,974$3,291$1,309
33 years$14,864$10,260$6,917$4,574$2,978$1,143
34 years$14,269$9,724$6,463$4,208$2,696$999
35 years$13,710$9,223$6,042$3,874$2,442$872
36 years$13,182$8,754$5,653$3,568$2,213$762
37 years$12,685$8,314$5,291$3,287$2,005$666
38 years$12,214$7,902$4,955$3,030$1,818$582
39 years$11,769$7,514$4,642$2,794$1,649$509
40 years$11,347$7,149$4,351$2,577$1,495$445
41 years$10,947$6,805$4,080$2,377$1,357$389
42 years$10,567$6,481$3,827$2,194$1,231$340
43 years$10,206$6,175$3,591$2,025$1,117$298
44 years$9,862$5,886$3,371$1,870$1,014$260
45 years$9,534$5,613$3,165$1,727$921$228
46 years$9,221$5,354$2,973$1,595$836$199
47 years$8,923$5,110$2,793$1,474$759$174
48 years$8,637$4,878$2,624$1,362$689$152
49 years$8,365$4,658$2,467$1,259$626$133
50 years$8,104$4,450$2,319$1,163$569$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,300,000, adding $3,832 every year, while hoping to spend $53,152 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: 49/26/25 Blend
50$8,300,000$8,300,000$8,300,000$8,300,000
51$9,150,553$8,710,653$8,582,003$9,533,953
52$10,027,356$9,080,921$8,812,946$10,172,368
53$10,991,811$9,467,552$9,049,845$10,859,939
54$12,052,804$9,871,290$9,292,843$11,605,885
55$13,220,122$10,292,915$9,542,085$12,415,740
56$14,504,552$10,733,245$9,797,723$13,295,591
57$15,917,976$11,193,134$10,059,907$14,252,128
58$17,473,490$11,673,478$10,328,794$15,292,705
59$19,185,521$12,175,213$10,604,543$16,425,409
60$21,069,965$12,699,320$10,887,316$17,659,135
61$23,144,339$13,246,824$11,177,279$19,003,664
62$25,427,945$13,818,801$11,474,601$20,469,754
63$27,942,049$14,416,376$11,779,454$22,069,242
64$30,710,086$15,040,727$12,092,013$23,815,147
65$33,757,878$15,693,086$12,412,459$25,721,798
66$37,113,879$16,374,745$12,740,974$27,804,956
67$40,809,442$17,087,054$13,077,744$30,081,970
68$44,879,115$17,831,431$13,422,959$32,571,930
69$49,360,970$18,609,356$13,776,813$35,295,848
70$54,296,955$19,422,380$14,139,503$38,276,850
71$59,733,298$20,272,130$14,511,229$41,540,394
72$65,720,936$21,160,307$14,892,197$45,114,501
73$72,316,001$22,088,691$15,282,615$49,030,021
74$79,580,346$23,059,150$15,682,695$53,320,919
75$87,582,129$24,073,636$16,092,654$58,024,586
76$96,396,459$25,134,197$16,512,711$63,182,196
77$106,106,101$26,242,975$16,943,089$68,839,082
78$116,802,257$27,402,216$17,384,017$75,045,164
79$128,585,432$28,614,269$17,835,726$81,855,412
80$141,566,375$29,881,597$18,298,452$89,330,362
81$155,867,129$31,206,779$18,772,434$97,536,680
82$171,622,181$32,592,516$19,257,915$106,547,787
83$188,979,731$34,041,637$19,755,143$116,444,542
84$208,103,092$35,557,105$20,264,369$127,316,006
85$229,172,230$37,142,026$20,785,847$139,260,269
86$252,385,463$38,799,650$21,319,838$152,385,373
87$277,961,332$40,533,384$21,866,605$166,810,324
88$306,140,664$42,346,797$22,426,413$182,666,206
89$337,188,848$44,243,626$22,999,534$200,097,412
90$371,398,335$46,227,788$23,586,242$219,263,000
91$409,091,400$48,303,385$24,186,816$240,338,185
92$450,623,186$50,474,714$24,801,538$263,515,981
93$496,385,056$52,746,280$25,430,694$289,009,018
94$546,808,282$55,122,798$26,074,573$317,051,537
95$602,368,124$57,609,213$26,733,469$347,901,594
96$663,588,310$60,210,701$27,407,677$381,843,479
97$731,045,982$62,932,690$28,097,499$419,190,396
98$805,377,145$65,780,864$28,803,237$460,287,405
99$887,282,666$68,761,179$29,525,198$505,514,663
100$977,534,898$71,879,877$30,263,692$555,291,010