Can I retire at age 51 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$710,180$703,854$697,682$691,658$685,776$660,656
2 years$351,574$345,026$338,681$332,528$326,560$301,532
3 years$232,055$225,479$219,149$213,054$207,183$183,034
4 years$172,307$165,751$159,484$153,493$147,765$124,678
5 years$136,467$129,951$123,766$117,898$112,328$90,365
6 years$112,582$106,114$100,022$94,284$88,882$68,057
7 years$95,528$89,115$83,118$77,516$72,285$52,594
8 years$82,743$76,388$70,491$65,026$59,967$41,393
9 years$72,804$66,509$60,714$55,388$50,501$33,018
10 years$64,858$58,625$52,932$47,745$43,029$26,606
11 years$58,361$52,190$46,600$41,552$37,007$21,609
12 years$52,951$46,843$41,357$36,447$32,069$17,658
13 years$48,376$42,332$36,949$32,177$27,965$14,501
14 years$44,459$38,479$33,199$28,563$24,514$11,955
15 years$41,066$35,151$29,974$25,473$21,584$9,888
16 years$38,101$32,251$27,176$22,809$19,076$8,199
17 years$35,488$29,702$24,729$20,493$16,914$6,813
18 years$33,167$27,446$22,575$18,469$15,039$5,671
19 years$31,093$25,436$20,666$16,688$13,405$4,728
20 years$29,229$23,637$18,966$15,114$11,973$3,946
21 years$27,544$22,017$17,445$13,717$10,715$3,297
22 years$26,015$20,552$16,078$12,472$9,604$2,756
23 years$24,621$19,222$14,846$11,359$8,621$2,306
24 years$23,344$18,009$13,730$10,360$7,749$1,931
25 years$22,172$16,901$12,716$9,461$6,973$1,617
26 years$21,092$15,884$11,794$8,651$6,281$1,355
27 years$20,093$14,949$10,952$7,918$5,663$1,136
28 years$19,168$14,086$10,181$7,255$5,110$952
29 years$18,307$13,289$9,474$6,653$4,614$799
30 years$17,506$12,550$8,825$6,106$4,169$670
31 years$16,758$11,864$8,227$5,607$3,769$562
32 years$16,058$11,225$7,676$5,153$3,409$471
33 years$15,401$10,631$7,167$4,739$3,086$396
34 years$14,785$10,076$6,697$4,360$2,794$332
35 years$14,205$9,556$6,261$4,014$2,530$279
36 years$13,659$9,070$5,857$3,697$2,293$234
37 years$13,143$8,615$5,482$3,406$2,078$196
38 years$12,656$8,187$5,134$3,139$1,884$165
39 years$12,195$7,785$4,810$2,895$1,708$138
40 years$11,758$7,407$4,508$2,670$1,549$116
41 years$11,343$7,051$4,227$2,463$1,406$97
42 years$10,949$6,715$3,965$2,273$1,276$82
43 years$10,575$6,398$3,721$2,099$1,158$69
44 years$10,218$6,099$3,493$1,938$1,051$58
45 years$9,878$5,816$3,279$1,790$954$48
46 years$9,554$5,548$3,080$1,653$866$41
47 years$9,245$5,294$2,894$1,527$786$34
48 years$8,950$5,054$2,719$1,411$714$29
49 years$8,667$4,826$2,556$1,304$649$24
50 years$8,397$4,610$2,403$1,205$589$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,600,000, adding $5,896 every year, while hoping to spend $20,901 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: 41/38/21 Blend
50$8,600,000$8,600,000$8,600,000$8,600,000
51$9,483,282$9,027,482$8,894,182$9,813,209
52$10,428,338$9,447,590$9,169,898$10,469,419
53$11,469,089$9,887,583$9,454,151$11,176,782
54$12,615,275$10,348,413$9,747,203$11,941,999
55$13,877,626$10,831,078$10,049,328$12,770,376
56$15,267,968$11,336,625$10,360,804$13,667,735
57$16,799,332$11,866,151$10,681,923$14,640,463
58$18,486,077$12,420,805$11,012,980$15,695,570
59$20,344,026$13,001,794$11,354,284$16,840,755
60$22,390,616$13,610,381$11,706,152$18,084,466
61$24,645,060$14,247,891$12,068,909$19,435,985
62$27,128,532$14,915,713$12,442,893$20,905,504
63$29,864,362$15,615,303$12,828,450$22,504,221
64$32,878,261$16,348,188$13,225,938$24,244,439
65$36,198,562$17,115,967$13,635,725$26,139,677
66$39,856,486$17,920,319$14,058,192$28,204,791
67$43,886,436$18,763,004$14,493,730$30,456,114
68$48,326,325$19,645,864$14,942,743$32,911,597
69$53,217,933$20,570,834$15,405,647$35,590,979
70$58,607,298$21,539,940$15,882,872$38,515,962
71$64,545,154$22,555,308$16,374,859$41,710,411
72$71,087,408$23,619,167$16,882,066$45,200,574
73$78,295,669$24,733,852$17,404,961$49,015,321
74$86,237,830$25,901,814$17,944,030$53,186,409
75$94,988,705$27,125,619$18,499,771$57,748,771
76$104,630,740$28,407,961$19,072,700$62,740,845
77$115,254,788$29,751,664$19,663,348$68,204,919
78$126,960,968$31,159,686$20,272,262$74,187,530
79$139,859,609$32,635,133$20,900,005$80,739,884
80$154,072,293$34,181,259$21,547,159$87,918,340
81$169,733,001$35,801,475$22,214,323$95,784,923
82$186,989,380$37,499,360$22,902,115$104,407,902
83$206,004,133$39,278,665$23,611,172$113,862,424
84$226,956,558$41,143,324$24,342,151$124,231,211
85$250,044,242$43,097,461$25,095,727$135,605,326
86$275,484,919$45,145,401$25,872,599$148,085,023
87$303,518,535$47,291,680$26,673,485$161,780,677
88$334,409,506$49,541,052$27,499,127$176,813,813
89$368,449,216$51,898,504$28,350,288$193,318,238
90$405,958,769$54,369,265$29,227,756$211,441,290
91$447,292,021$56,958,816$30,132,344$231,345,207
92$492,838,916$59,672,907$31,064,886$253,208,649
93$543,029,173$62,517,566$32,026,247$277,228,361
94$598,336,337$65,499,116$33,017,315$303,621,015
95$659,282,255$68,624,184$34,039,007$332,625,231
96$726,441,999$71,899,723$35,092,267$364,503,815
97$800,449,294$75,333,020$36,178,069$399,546,214
98$882,002,505$78,931,722$37,297,418$438,071,229
99$971,871,226$82,703,842$38,451,347$480,429,997
100$1,070,903,548$86,657,786$39,640,923$527,009,285