Can I retire at age 51 with 4,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$346,832$343,743$340,729$337,787$334,914$329,230
2 years$171,699$168,501$165,402$162,397$159,483$153,774
3 years$113,329$110,117$107,026$104,050$101,182$95,626
4 years$84,150$80,948$77,888$74,962$72,164$66,804
5 years$66,647$63,464$60,444$57,578$54,858$49,708
6 years$54,982$51,823$48,848$46,046$43,407$38,475
7 years$46,653$43,521$40,593$37,857$35,302$30,587
8 years$40,409$37,306$34,426$31,757$29,286$24,789
9 years$35,556$32,481$29,651$27,050$24,663$20,381
10 years$31,675$28,631$25,850$23,317$21,014$16,943
11 years$28,502$25,488$22,758$20,293$18,073$14,208
12 years$25,860$22,877$20,197$17,800$15,662$11,999
13 years$23,626$20,674$18,045$15,714$13,657$10,190
14 years$21,712$18,792$16,214$13,950$11,972$8,695
15 years$20,056$17,167$14,639$12,441$10,541$7,448
16 years$18,608$15,750$13,272$11,139$9,316$6,401
17 years$17,331$14,505$12,077$10,008$8,260$5,516
18 years$16,198$13,404$11,025$9,020$7,345$4,764
19 years$15,185$12,422$10,093$8,150$6,547$4,123
20 years$14,274$11,543$9,263$7,381$5,847$3,575
21 years$13,452$10,752$8,520$6,699$5,233$3,103
22 years$12,705$10,037$7,852$6,091$4,690$2,698
23 years$12,024$9,387$7,250$5,547$4,210$2,347
24 years$11,401$8,795$6,705$5,059$3,784$2,044
25 years$10,828$8,254$6,210$4,621$3,405$1,782
26 years$10,301$7,757$5,760$4,225$3,067$1,555
27 years$9,813$7,301$5,348$3,867$2,766$1,357
28 years$9,361$6,879$4,972$3,543$2,495$1,185
29 years$8,941$6,490$4,627$3,249$2,253$1,035
30 years$8,549$6,129$4,310$2,982$2,036$905
31 years$8,184$5,794$4,018$2,739$1,841$791
32 years$7,842$5,482$3,749$2,517$1,665$692
33 years$7,522$5,192$3,500$2,314$1,507$605
34 years$7,221$4,921$3,270$2,129$1,364$530
35 years$6,937$4,667$3,058$1,960$1,236$463
36 years$6,671$4,430$2,860$1,805$1,120$406
37 years$6,419$4,207$2,677$1,663$1,015$355
38 years$6,181$3,998$2,507$1,533$920$311
39 years$5,956$3,802$2,349$1,414$834$272
40 years$5,742$3,617$2,202$1,304$757$239
41 years$5,540$3,443$2,064$1,203$687$209
42 years$5,347$3,279$1,937$1,110$623$183
43 years$5,164$3,125$1,817$1,025$565$160
44 years$4,990$2,978$1,706$946$513$140
45 years$4,824$2,840$1,602$874$466$123
46 years$4,666$2,709$1,504$807$423$108
47 years$4,515$2,586$1,413$746$384$94
48 years$4,371$2,468$1,328$689$349$83
49 years$4,233$2,357$1,248$637$317$73
50 years$4,101$2,252$1,174$589$288$64

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $4,200,000, adding $6,445 every year, while hoping to spend $45,021 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: 51/25/24 Blend
50$4,200,000$4,200,000$4,200,000$4,200,000
51$4,635,048$4,412,448$4,347,348$4,839,990
52$5,059,921$4,580,756$4,445,082$5,151,102
53$5,526,622$4,755,802$4,544,582$5,484,092
54$6,039,370$4,937,869$4,645,858$5,845,247
55$6,602,813$5,127,252$4,748,921$6,237,259
56$7,222,071$5,324,258$4,853,781$6,663,088
57$7,902,785$5,529,210$4,960,446$7,125,992
58$8,651,170$5,742,442$5,068,921$7,629,554
59$9,474,073$5,964,305$5,179,214$8,177,713
60$10,379,037$6,195,165$5,291,326$8,774,808
61$11,374,374$6,435,403$5,405,260$9,425,609
62$12,469,240$6,685,417$5,521,016$10,135,369
63$13,673,725$6,945,625$5,638,593$10,909,866
64$14,998,945$7,216,461$5,757,986$11,755,460
65$16,457,148$7,498,378$5,879,189$12,679,154
66$18,061,829$7,791,851$6,002,195$13,688,654
67$19,827,859$8,097,375$6,126,991$14,792,445
68$21,771,621$8,415,467$6,253,566$15,999,867
69$23,911,169$8,746,667$6,381,903$17,321,204
70$26,266,394$9,091,540$6,511,982$18,767,780
71$28,859,215$9,450,674$6,643,782$20,352,063
72$31,713,783$9,824,686$6,777,278$22,087,781
73$34,856,712$10,214,218$6,912,439$23,990,053
74$38,317,325$10,619,943$7,049,235$26,075,528
75$42,127,936$11,042,564$7,187,628$28,362,543
76$46,324,149$11,482,814$7,327,577$30,871,290
77$50,945,200$11,941,459$7,469,039$33,624,011
78$56,034,322$12,419,302$7,611,963$36,645,201
79$61,639,155$12,917,180$7,756,296$39,961,842
80$67,812,194$13,435,968$7,901,977$43,603,653
81$74,611,288$13,976,580$8,048,943$47,603,369
82$82,100,180$14,539,973$8,197,124$51,997,049
83$90,349,114$15,127,146$8,346,442$56,824,414
84$99,435,491$15,739,145$8,496,816$62,129,221
85$109,444,609$16,377,061$8,648,157$67,959,671
86$120,470,458$17,042,035$8,800,369$74,368,867
87$132,616,612$17,735,262$8,953,348$81,415,305
88$145,997,205$18,457,989$9,106,985$89,163,433
89$160,738,011$19,211,522$9,261,160$97,684,249
90$176,977,626$19,997,224$9,415,746$107,055,975
91$194,868,778$20,816,521$9,570,608$117,364,787
92$214,579,769$21,670,907$9,725,599$128,705,631
93$236,296,064$22,561,941$9,880,566$141,183,112
94$260,222,041$23,491,253$10,035,342$154,912,481
95$286,582,915$24,460,551$10,189,753$170,020,720
96$315,626,873$25,471,619$10,343,610$186,647,734
97$347,627,409$26,526,322$10,496,715$204,947,675
98$382,885,906$27,626,614$10,648,857$225,090,385
99$421,734,487$28,774,536$10,799,812$247,263,004
100$464,539,140$29,972,224$10,949,341$271,671,727