Can I retire at age 51 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$726,696$720,223$713,907$707,743$701,724$679,262
2 years$359,750$353,050$346,557$340,261$334,154$311,731
3 years$237,451$230,722$224,245$218,009$212,001$190,321
4 years$176,314$169,605$163,193$157,063$151,201$130,429
5 years$139,641$132,973$126,645$120,639$114,941$95,133
6 years$115,200$108,582$102,348$96,476$90,949$72,122
7 years$97,749$91,187$85,051$79,318$73,966$56,119
8 years$84,667$78,164$72,130$66,538$61,362$44,481
9 years$74,498$68,056$62,126$56,676$51,675$35,743
10 years$66,367$59,988$54,163$48,855$44,030$29,021
11 years$59,718$53,404$47,684$42,519$37,867$23,754
12 years$54,182$47,932$42,318$37,295$32,815$19,567
13 years$49,501$43,317$37,809$32,925$28,615$16,201
14 years$45,493$39,374$33,971$29,228$25,084$13,469
15 years$42,022$35,969$30,671$26,066$22,086$11,235
16 years$38,987$33,001$27,808$23,339$19,520$9,397
17 years$36,313$30,392$25,304$20,970$17,307$7,878
18 years$33,938$28,084$23,100$18,898$15,389$6,617
19 years$31,816$26,028$21,147$17,076$13,717$5,566
20 years$29,908$24,186$19,407$15,466$12,252$4,689
21 years$28,185$22,529$17,851$14,036$10,964$3,954
22 years$26,620$21,030$16,452$12,762$9,828$3,337
23 years$25,193$19,669$15,191$11,623$8,822$2,819
24 years$23,887$18,428$14,049$10,601$7,929$2,382
25 years$22,688$17,294$13,012$9,681$7,135$2,015
26 years$21,582$16,254$12,068$8,852$6,427$1,704
27 years$20,560$15,296$11,206$8,102$5,795$1,443
28 years$19,613$14,414$10,418$7,423$5,229$1,221
29 years$18,733$13,598$9,695$6,807$4,721$1,034
30 years$17,913$12,842$9,030$6,248$4,266$876
31 years$17,147$12,140$8,419$5,738$3,857$742
32 years$16,431$11,487$7,855$5,273$3,489$629
33 years$15,760$10,878$7,334$4,849$3,157$533
34 years$15,129$10,310$6,852$4,462$2,859$452
35 years$14,536$9,779$6,407$4,107$2,589$383
36 years$13,976$9,281$5,993$3,783$2,346$325
37 years$13,449$8,815$5,609$3,485$2,126$275
38 years$12,950$8,378$5,253$3,212$1,928$233
39 years$12,478$7,966$4,922$2,962$1,748$198
40 years$12,031$7,579$4,613$2,732$1,585$168
41 years$11,607$7,215$4,325$2,521$1,438$142
42 years$11,204$6,871$4,057$2,326$1,305$121
43 years$10,820$6,547$3,807$2,147$1,185$102
44 years$10,456$6,240$3,574$1,983$1,075$87
45 years$10,108$5,951$3,356$1,831$976$74
46 years$9,777$5,677$3,152$1,691$886$62
47 years$9,460$5,417$2,961$1,563$805$53
48 years$9,158$5,172$2,783$1,444$731$45
49 years$8,869$4,939$2,615$1,335$664$38
50 years$8,592$4,718$2,459$1,233$603$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $8,800,000, adding $5,133 every year, while hoping to spend $47,001 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: 44/43/13 Blend
50$8,800,000$8,800,000$8,800,000$8,800,000
51$9,702,895$9,236,495$9,100,095$10,093,316
52$10,642,581$9,639,074$9,354,939$10,768,671
53$11,676,541$10,059,805$9,616,746$11,495,082
54$12,814,339$10,499,526$9,885,698$12,281,372
55$14,066,516$10,959,118$10,161,984$13,133,074
56$15,444,687$11,439,501$10,445,796$14,056,261
57$16,961,648$11,941,640$10,737,333$15,057,599
58$18,631,500$12,466,543$11,036,797$16,144,409
59$20,469,779$13,015,270$11,344,396$17,324,729
60$22,493,605$13,588,927$11,660,342$18,607,387
61$24,721,842$14,188,674$11,984,853$20,002,085
62$27,175,277$14,815,726$12,318,153$21,519,478
63$29,876,815$15,471,356$12,660,470$23,171,277
64$32,851,693$16,156,896$13,012,040$24,970,354
65$36,127,724$16,873,742$13,373,101$26,930,854
66$39,735,552$17,623,356$13,743,900$29,068,331
67$43,708,947$18,407,269$14,124,689$31,399,882
68$48,085,120$19,227,085$14,515,727$33,944,310
69$52,905,075$20,084,485$14,917,277$36,722,289
70$58,213,997$20,981,229$15,329,609$39,756,560
71$64,061,676$21,919,160$15,753,002$43,072,133
72$70,502,978$22,900,210$16,187,739$46,696,523
73$77,598,364$23,926,403$16,634,110$50,659,997
74$85,414,458$24,999,857$17,092,414$54,995,855
75$94,024,676$26,122,794$17,562,954$59,740,740
76$103,509,923$27,297,541$18,046,042$64,934,970
77$113,959,348$28,526,534$18,541,998$70,622,917
78$125,471,195$29,812,327$19,051,148$76,853,411
79$138,153,721$31,157,595$19,573,826$83,680,197
80$152,126,226$32,565,143$20,110,374$91,162,431
81$167,520,172$34,037,906$20,661,143$99,365,230
82$184,480,429$35,578,962$21,226,491$108,360,273
83$203,166,638$37,191,536$21,806,783$118,226,471
84$223,754,719$38,879,006$22,402,395$129,050,701
85$246,438,536$40,644,913$23,013,710$140,928,609
86$271,431,718$42,492,965$23,641,121$153,965,508
87$298,969,682$44,427,049$24,285,027$168,277,354
88$329,311,855$46,451,240$24,945,841$183,991,830
89$362,744,118$48,569,805$25,623,981$201,249,536
90$399,581,510$50,787,217$26,319,876$220,205,304
91$440,171,196$53,108,163$27,033,964$241,029,642
92$484,895,750$55,537,555$27,766,694$263,910,327
93$534,176,762$58,080,540$28,518,523$289,054,163
94$588,478,819$60,742,514$29,289,921$316,688,917
95$648,313,891$63,529,130$30,081,366$347,065,448
96$714,246,162$66,446,311$30,893,346$380,460,054
97$786,897,360$69,500,269$31,726,362$417,177,069
98$866,952,619$72,697,511$32,580,923$457,551,704
99$955,166,953$76,044,857$33,457,552$501,953,199
100$1,052,372,383$79,549,455$34,356,780$550,788,279