Can I retire at age 51 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$718,438$712,038$705,795$699,701$693,750$686,505
2 years$355,662$349,038$342,619$336,395$330,357$323,061
3 years$234,753$228,100$221,697$215,531$209,592$202,472
4 years$174,310$167,678$161,339$155,278$149,483$142,593
5 years$138,054$131,462$125,205$119,269$113,635$106,995
6 years$113,891$107,348$101,185$95,380$89,915$83,534
7 years$96,638$90,151$84,085$78,417$73,125$67,005
8 years$83,705$77,276$71,311$65,782$60,664$54,805
9 years$73,651$67,283$61,420$56,032$51,088$45,488
10 years$65,612$59,306$53,547$48,300$43,530$38,185
11 years$59,040$52,797$47,142$42,035$37,437$32,343
12 years$53,566$47,388$41,837$36,871$32,442$27,594
13 years$48,939$42,825$37,379$32,551$28,290$23,682
14 years$44,976$38,926$33,585$28,895$24,799$20,424
15 years$41,544$35,560$30,323$25,770$21,835$17,687
16 years$38,544$32,626$27,492$23,074$19,298$15,370
17 years$35,900$30,047$25,017$20,732$17,111$13,395
18 years$33,553$27,765$22,837$18,683$15,214$11,704
19 years$31,454$25,732$20,906$16,882$13,561$10,248
20 years$29,569$23,911$19,187$15,290$12,113$8,990
21 years$27,864$22,273$17,648$13,877$10,839$7,899
22 years$26,317$20,791$16,265$12,617$9,716$6,951
23 years$24,907$19,445$15,018$11,491$8,722$6,123
24 years$23,616$18,219$13,889$10,480$7,839$5,400
25 years$22,430$17,097$12,864$9,571$7,054$4,767
26 years$21,337$16,069$11,931$8,751$6,354$4,211
27 years$20,327$15,123$11,079$8,010$5,729$3,723
28 years$19,390$14,250$10,299$7,339$5,169$3,293
29 years$18,520$13,443$9,584$6,730$4,668$2,915
30 years$17,709$12,696$8,928$6,177$4,217$2,581
31 years$16,953$12,002$8,323$5,673$3,813$2,287
32 years$16,244$11,356$7,765$5,213$3,449$2,027
33 years$15,580$10,754$7,251$4,794$3,121$1,797
34 years$14,957$10,193$6,775$4,411$2,826$1,594
35 years$14,370$9,668$6,334$4,061$2,560$1,414
36 years$13,818$9,176$5,925$3,740$2,319$1,254
37 years$13,296$8,715$5,546$3,446$2,102$1,113
38 years$12,803$8,282$5,193$3,176$1,906$988
39 years$12,336$7,876$4,866$2,928$1,728$877
40 years$11,894$7,493$4,561$2,701$1,567$779
41 years$11,475$7,133$4,276$2,492$1,422$691
42 years$11,076$6,793$4,011$2,300$1,290$614
43 years$10,697$6,472$3,764$2,123$1,171$545
44 years$10,337$6,169$3,533$1,960$1,063$484
45 years$9,993$5,883$3,318$1,810$965$430
46 years$9,665$5,612$3,116$1,672$876$382
47 years$9,353$5,356$2,927$1,545$796$340
48 years$9,054$5,113$2,751$1,428$723$302
49 years$8,768$4,883$2,586$1,319$656$268
50 years$8,494$4,664$2,431$1,219$596$238

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,700,000, adding $4,217 every year, while hoping to spend $34,892 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: 50/21/29 Blend
50$8,700,000$8,700,000$8,700,000$8,700,000
51$9,591,750$9,130,650$8,995,800$9,992,312
52$10,532,984$9,540,927$9,260,034$10,683,452
53$11,569,054$9,970,138$9,531,951$11,430,458
54$12,709,597$10,419,174$9,811,771$12,241,767
55$13,965,231$10,888,969$10,099,721$13,123,504
56$15,347,656$11,380,500$10,396,033$14,082,400
57$16,869,765$11,894,793$10,700,948$15,125,857
58$18,545,763$12,432,920$11,014,712$16,262,013
59$20,391,304$12,996,006$11,337,579$17,499,817
60$22,423,638$13,585,231$11,669,808$18,849,110
61$24,661,771$14,201,830$12,011,669$20,320,719
62$27,126,648$14,847,095$12,363,435$21,926,551
63$29,841,347$15,522,384$12,725,392$23,679,707
64$32,831,301$16,229,118$13,097,829$25,594,600
65$36,124,533$16,968,784$13,481,046$27,687,088
66$39,751,925$17,742,944$13,875,351$29,974,624
67$43,747,506$18,553,233$14,281,059$32,476,413
68$48,148,774$19,401,363$14,698,497$35,213,590
69$52,997,050$20,289,131$15,127,998$38,209,421
70$58,337,869$21,218,419$15,569,906$41,489,513
71$64,221,408$22,191,198$16,024,574$45,082,052
72$70,702,960$23,209,535$16,492,365$49,018,070
73$77,843,456$24,275,596$16,973,653$53,331,730
74$85,710,039$25,391,651$17,468,821$58,060,641
75$94,376,700$26,560,079$17,978,264$63,246,216
76$103,924,974$27,783,373$18,502,386$68,934,052
77$114,444,710$29,064,147$19,041,605$75,174,355
78$126,034,920$30,405,140$19,596,349$82,022,413
79$138,804,713$31,809,222$20,167,057$89,539,110
80$152,874,322$33,279,403$20,754,182$97,791,492
81$168,376,244$34,818,835$21,358,189$106,853,401
82$185,456,489$36,430,825$21,979,555$116,806,158
83$204,275,952$38,118,838$22,618,772$127,739,328
84$225,011,943$39,886,504$23,276,344$139,751,560
85$247,859,849$41,737,631$23,952,790$152,951,506
86$273,034,988$43,676,209$24,648,643$167,458,845
87$300,774,634$45,706,421$25,364,450$183,405,402
88$331,340,262$47,832,650$26,100,773$200,936,383
89$365,020,011$50,059,493$26,858,192$220,211,740
90$402,131,412$52,391,767$27,637,301$241,407,670
91$443,024,374$54,834,522$28,438,709$264,718,271
92$488,084,499$57,393,053$29,263,045$290,357,362
93$537,736,714$60,072,908$30,110,952$318,560,495
94$592,449,283$62,879,905$30,983,094$349,587,165
95$652,738,233$65,820,143$31,880,150$383,723,248
96$719,172,217$68,900,015$32,802,820$421,283,691
97$792,377,891$72,126,223$33,751,822$462,615,474
98$873,045,822$75,505,794$34,727,894$508,100,868
99$961,937,011$79,046,093$35,731,794$558,161,036
100$1,059,890,078$82,754,844$36,764,301$613,259,991