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

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 $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%11.6%
1 years$346,832$343,743$340,729$337,787$334,914$332,664
2 years$171,699$168,501$165,402$162,397$159,483$157,214
3 years$113,329$110,117$107,026$104,050$101,182$98,964
4 years$84,150$80,948$77,888$74,962$72,164$70,014
5 years$66,647$63,464$60,444$57,578$54,858$52,782
6 years$54,982$51,823$48,848$46,046$43,407$41,409
7 years$46,653$43,521$40,593$37,857$35,302$33,381
8 years$40,409$37,306$34,426$31,757$29,286$27,444
9 years$35,556$32,481$29,651$27,050$24,663$22,899
10 years$31,675$28,631$25,850$23,317$21,014$19,326
11 years$28,502$25,488$22,758$20,293$18,073$16,461
12 years$25,860$22,877$20,197$17,800$15,662$14,124
13 years$23,626$20,674$18,045$15,714$13,657$12,192
14 years$21,712$18,792$16,214$13,950$11,972$10,577
15 years$20,056$17,167$14,639$12,441$10,541$9,215
16 years$18,608$15,750$13,272$11,139$9,316$8,057
17 years$17,331$14,505$12,077$10,008$8,260$7,066
18 years$16,198$13,404$11,025$9,020$7,345$6,214
19 years$15,185$12,422$10,093$8,150$6,547$5,476
20 years$14,274$11,543$9,263$7,381$5,847$4,836
21 years$13,452$10,752$8,520$6,699$5,233$4,277
22 years$12,705$10,037$7,852$6,091$4,690$3,789
23 years$12,024$9,387$7,250$5,547$4,210$3,361
24 years$11,401$8,795$6,705$5,059$3,784$2,985
25 years$10,828$8,254$6,210$4,621$3,405$2,653
26 years$10,301$7,757$5,760$4,225$3,067$2,360
27 years$9,813$7,301$5,348$3,867$2,766$2,102
28 years$9,361$6,879$4,972$3,543$2,495$1,873
29 years$8,941$6,490$4,627$3,249$2,253$1,670
30 years$8,549$6,129$4,310$2,982$2,036$1,489
31 years$8,184$5,794$4,018$2,739$1,841$1,329
32 years$7,842$5,482$3,749$2,517$1,665$1,187
33 years$7,522$5,192$3,500$2,314$1,507$1,060
34 years$7,221$4,921$3,270$2,129$1,364$947
35 years$6,937$4,667$3,058$1,960$1,236$847
36 years$6,671$4,430$2,860$1,805$1,120$757
37 years$6,419$4,207$2,677$1,663$1,015$677
38 years$6,181$3,998$2,507$1,533$920$605
39 years$5,956$3,802$2,349$1,414$834$542
40 years$5,742$3,617$2,202$1,304$757$485
41 years$5,540$3,443$2,064$1,203$687$434
42 years$5,347$3,279$1,937$1,110$623$388
43 years$5,164$3,125$1,817$1,025$565$347
44 years$4,990$2,978$1,706$946$513$311
45 years$4,824$2,840$1,602$874$466$278
46 years$4,666$2,709$1,504$807$423$249
47 years$4,515$2,586$1,413$746$384$223
48 years$4,371$2,468$1,328$689$349$200
49 years$4,233$2,357$1,248$637$317$179
50 years$4,101$2,252$1,174$589$288$160

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 $4,508 every year, while hoping to spend $34,263 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: 69/22/9 Blend
50$4,200,000$4,200,000$4,200,000$4,200,000
51$4,633,050$4,410,450$4,345,350$4,944,514
52$5,069,166$4,590,106$4,454,464$5,331,197
53$5,548,617$4,777,418$4,566,084$5,749,469
54$6,075,787$4,972,723$4,680,260$6,206,111
55$6,655,507$5,176,376$4,797,038$6,704,883
56$7,293,098$5,388,748$4,916,468$7,249,920
57$7,994,423$5,610,226$5,038,599$7,845,776
58$8,765,943$5,841,215$5,163,481$8,497,461
59$9,614,774$6,082,140$5,291,163$9,210,489
60$10,548,760$6,333,443$5,421,695$9,990,930
61$11,576,540$6,595,589$5,555,128$10,845,466
62$12,707,636$6,869,061$5,691,514$11,781,454
63$13,952,537$7,154,368$5,830,902$12,806,993
64$15,322,803$7,452,039$5,973,345$13,930,998
65$16,831,171$7,762,630$6,118,893$15,163,287
66$18,491,673$8,086,722$6,267,599$16,514,670
67$20,319,773$8,424,921$6,419,513$17,997,050
68$22,332,512$8,777,864$6,574,688$19,623,536
69$24,548,663$9,146,215$6,733,176$21,408,561
70$26,988,916$9,530,669$6,895,027$23,368,024
71$29,676,068$9,931,954$7,060,293$25,519,430
72$32,635,240$10,350,833$7,229,025$27,882,063
73$35,894,112$10,788,101$7,401,275$30,477,158
74$39,483,186$11,244,593$7,577,093$33,328,107
75$43,436,074$11,721,180$7,756,528$36,460,672
76$47,789,813$12,218,778$7,939,631$39,903,232
77$52,585,216$12,738,340$8,126,451$43,687,046
78$57,867,257$13,280,867$8,317,036$47,846,545
79$63,685,493$13,847,406$8,511,433$52,419,660
80$70,094,537$14,439,052$8,709,689$57,448,173
81$77,154,567$15,056,953$8,911,851$62,978,112
82$84,931,897$15,702,308$9,117,962$69,060,182
83$93,499,602$16,376,373$9,328,066$75,750,243
84$102,938,211$17,080,464$9,542,205$83,109,833
85$113,336,459$17,815,958$9,760,420$91,206,748
86$124,792,133$18,584,295$9,982,749$100,115,680
87$137,412,990$19,386,984$10,209,230$109,918,915
88$151,317,773$20,225,605$10,439,898$120,707,113
89$166,637,337$21,101,811$10,674,786$132,580,157
90$183,515,880$22,017,334$10,913,925$145,648,095
91$202,112,301$22,973,985$11,157,343$160,032,174
92$222,601,709$23,973,663$11,405,067$175,865,982
93$245,177,066$25,018,355$11,657,119$193,296,704
94$270,051,013$26,110,141$11,913,520$212,486,513
95$297,457,879$27,251,200$12,174,285$233,614,089
96$327,655,887$28,443,814$12,439,428$256,876,311
97$360,929,597$29,690,370$12,708,958$282,490,104
98$397,592,589$30,993,372$12,982,882$310,694,486
99$437,990,424$32,355,437$13,261,199$341,752,819
100$482,503,904$33,779,311$13,543,906$375,955,293