Can I retire at age 51 with 4,300,000?

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 $4,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$355,090$351,927$348,841$345,829$342,888$340,442
2 years$175,787$172,513$169,340$166,264$163,280$160,813
3 years$116,027$112,739$109,574$106,527$103,592$101,181
4 years$86,153$82,875$79,742$76,747$73,882$71,546
5 years$68,234$64,975$61,883$58,949$56,164$53,909
6 years$56,291$53,057$50,011$47,142$44,441$42,270
7 years$47,764$44,557$41,559$38,758$36,142$34,057
8 years$41,371$38,194$35,245$32,513$29,984$27,983
9 years$36,402$33,255$30,357$27,694$25,250$23,335
10 years$32,429$29,312$26,466$23,872$21,515$19,683
11 years$29,181$26,095$23,300$20,776$18,503$16,754
12 years$26,475$23,422$20,678$18,223$16,035$14,366
13 years$24,188$21,166$18,475$16,089$13,982$12,393
14 years$22,229$19,239$16,600$14,282$12,257$10,745
15 years$20,533$17,576$14,987$12,737$10,792$9,355
16 years$19,051$16,125$13,588$11,404$9,538$8,174
17 years$17,744$14,851$12,365$10,247$8,457$7,164
18 years$16,583$13,723$11,287$9,234$7,520$6,295
19 years$15,546$12,718$10,333$8,344$6,702$5,544
20 years$14,614$11,818$9,483$7,557$5,987$4,892
21 years$13,772$11,008$8,723$6,859$5,357$4,324
22 years$13,007$10,276$8,039$6,236$4,802$3,827
23 years$12,310$9,611$7,423$5,679$4,311$3,392
24 years$11,672$9,005$6,865$5,180$3,875$3,010
25 years$11,086$8,450$6,358$4,731$3,487$2,674
26 years$10,546$7,942$5,897$4,325$3,141$2,377
27 years$10,047$7,474$5,476$3,959$2,831$2,115
28 years$9,584$7,043$5,090$3,627$2,555$1,883
29 years$9,154$6,644$4,737$3,326$2,307$1,677
30 years$8,753$6,275$4,412$3,053$2,085$1,495
31 years$8,379$5,932$4,114$2,804$1,885$1,333
32 years$8,029$5,613$3,838$2,577$1,705$1,189
33 years$7,701$5,315$3,584$2,369$1,543$1,061
34 years$7,393$5,038$3,348$2,180$1,397$948
35 years$7,103$4,778$3,130$2,007$1,265$846
36 years$6,829$4,535$2,928$1,848$1,146$756
37 years$6,572$4,307$2,741$1,703$1,039$675
38 years$6,328$4,094$2,567$1,570$942$604
39 years$6,097$3,893$2,405$1,447$854$540
40 years$5,879$3,704$2,254$1,335$775$482
41 years$5,671$3,525$2,114$1,232$703$431
42 years$5,475$3,357$1,983$1,137$638$386
43 years$5,287$3,199$1,860$1,049$579$345
44 years$5,109$3,049$1,746$969$525$308
45 years$4,939$2,908$1,640$895$477$276
46 years$4,777$2,774$1,540$826$433$247
47 years$4,623$2,647$1,447$764$393$221
48 years$4,475$2,527$1,360$706$357$198
49 years$4,334$2,413$1,278$652$324$177
50 years$4,198$2,305$1,202$603$295$158

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $4,300,000, adding $3,319 every year, while hoping to spend $56,265 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: 70/18/12 Blend
50$4,300,000$4,300,000$4,300,000$4,300,000
51$4,742,024$4,514,124$4,447,474$5,061,641
52$5,165,844$4,675,450$4,536,598$5,435,423
53$5,631,009$4,842,796$4,626,823$5,837,198
54$6,141,676$5,016,396$4,718,125$6,275,392
55$6,702,424$5,196,497$4,810,480$6,753,583
56$7,318,298$5,383,353$4,903,858$7,275,706
57$7,994,858$5,577,230$4,998,230$7,846,095
58$8,738,224$5,778,404$5,093,561$8,469,522
59$9,555,142$5,987,165$5,189,815$9,151,239
60$10,453,042$6,203,813$5,286,950$9,897,031
61$11,440,112$6,428,659$5,384,922$10,713,266
62$12,525,369$6,662,029$5,483,683$11,606,957
63$13,718,752$6,904,264$5,583,181$12,585,828
64$15,031,207$7,155,715$5,683,360$13,658,383
65$16,474,797$7,416,752$5,784,159$14,833,988
66$18,062,810$7,687,757$5,885,513$16,122,960
67$19,809,890$7,969,130$5,987,351$17,536,662
68$21,732,169$8,261,288$6,089,597$19,087,607
69$23,847,423$8,564,664$6,192,172$20,789,579
70$26,175,238$8,879,710$6,294,987$22,657,764
71$28,737,195$9,206,898$6,397,952$24,708,884
72$31,557,072$9,546,719$6,500,966$26,961,364
73$34,661,070$9,899,685$6,603,925$29,435,500
74$38,078,059$10,266,329$6,706,716$32,153,647
75$41,839,850$10,647,208$6,809,220$35,140,437
76$45,981,494$11,042,902$6,911,309$38,423,002
77$50,541,618$11,454,015$7,012,849$42,031,235
78$55,562,779$11,881,177$7,113,695$45,998,067
79$61,091,874$12,325,047$7,213,696$50,359,781
80$67,180,581$12,786,310$7,312,691$55,156,350
81$73,885,842$13,265,681$7,410,508$60,431,813
82$81,270,405$13,763,906$7,506,966$66,234,692
83$89,403,411$14,281,762$7,601,874$72,618,448
84$98,361,051$14,820,061$7,695,030$79,641,982
85$108,227,284$15,379,650$7,786,219$87,370,193
86$119,094,624$15,961,410$7,875,214$95,874,587
87$131,065,020$16,566,263$7,961,778$105,233,950
88$144,250,813$17,195,171$8,045,659$115,535,095
89$158,775,798$17,849,136$8,126,590$126,873,671
90$174,776,390$18,529,204$8,204,291$139,355,075
91$192,402,914$19,236,468$8,278,468$153,095,437
92$211,821,023$19,972,066$8,348,808$168,222,718
93$233,213,258$20,737,189$8,414,984$184,877,916
94$256,780,777$21,533,077$8,476,652$203,216,394
95$282,745,244$22,361,026$8,533,449$223,409,346
96$311,350,932$23,222,389$8,584,992$245,645,411
97$342,867,018$24,118,578$8,630,880$270,132,451
98$377,590,132$25,051,066$8,670,692$297,099,512
99$415,847,149$26,021,392$8,703,984$326,798,983
100$457,998,281$27,031,163$8,730,291$359,508,976