Can I retire at age 51 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$371,606$368,296$365,066$361,914$358,836$346,242
2 years$183,963$180,537$177,217$173,997$170,874$158,318
3 years$121,424$117,983$114,671$111,482$108,410$96,286
4 years$90,160$86,730$83,451$80,316$77,319$65,720
5 years$71,407$67,997$64,761$61,691$58,776$47,734
6 years$58,909$55,525$52,337$49,334$46,508$36,029
7 years$49,985$46,630$43,492$40,561$37,823$27,907
8 years$43,296$39,970$36,885$34,025$31,378$22,015
9 years$38,095$34,801$31,769$28,982$26,425$17,604
10 years$33,937$30,676$27,697$24,983$22,515$14,222
11 years$30,538$27,309$24,384$21,742$19,364$11,580
12 years$27,707$24,511$21,640$19,071$16,780$9,489
13 years$25,313$22,151$19,334$16,837$14,633$7,813
14 years$23,263$20,134$17,372$14,946$12,827$6,460
15 years$21,488$18,393$15,684$13,329$11,294$5,358
16 years$19,937$16,875$14,220$11,935$9,982$4,456
17 years$18,569$15,542$12,940$10,723$8,850$3,713
18 years$17,355$14,361$11,812$9,664$7,869$3,100
19 years$16,270$13,310$10,814$8,732$7,014$2,592
20 years$15,294$12,368$9,924$7,909$6,265$2,170
21 years$14,413$11,520$9,128$7,178$5,607$1,819
22 years$13,612$10,754$8,413$6,526$5,026$1,526
23 years$12,883$10,058$7,768$5,943$4,511$1,280
24 years$12,215$9,424$7,184$5,421$4,055$1,075
25 years$11,602$8,844$6,654$4,951$3,649$904
26 years$11,036$8,311$6,171$4,527$3,287$760
27 years$10,514$7,822$5,731$4,143$2,963$639
28 years$10,030$7,371$5,327$3,796$2,674$537
29 years$9,579$6,953$4,957$3,481$2,414$452
30 years$9,160$6,567$4,618$3,195$2,181$380
31 years$8,769$6,208$4,305$2,934$1,972$320
32 years$8,402$5,874$4,017$2,697$1,784$270
33 years$8,059$5,563$3,750$2,480$1,615$227
34 years$7,736$5,272$3,504$2,282$1,462$191
35 years$7,433$5,000$3,276$2,100$1,324$161
36 years$7,147$4,746$3,065$1,934$1,200$135
37 years$6,877$4,508$2,868$1,782$1,087$114
38 years$6,622$4,284$2,686$1,643$986$96
39 years$6,381$4,074$2,517$1,515$894$81
40 years$6,152$3,876$2,359$1,397$811$68
41 years$5,935$3,689$2,212$1,289$736$57
42 years$5,729$3,514$2,075$1,190$667$48
43 years$5,533$3,348$1,947$1,098$606$41
44 years$5,347$3,191$1,828$1,014$550$34
45 years$5,169$3,043$1,716$936$499$29
46 years$4,999$2,903$1,612$865$453$24
47 years$4,838$2,770$1,514$799$412$21
48 years$4,683$2,645$1,423$738$374$17
49 years$4,535$2,525$1,337$682$339$15
50 years$4,394$2,412$1,257$631$308$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $4,500,000, adding $6,401 every year, while hoping to spend $20,932 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: 77/14/9 Blend
50$4,500,000$4,500,000$4,500,000$4,500,000
51$4,965,603$4,727,103$4,657,353$5,340,355
52$5,449,823$4,936,459$4,791,102$5,796,974
53$5,982,731$5,155,373$4,928,631$6,294,173
54$6,569,273$5,384,289$5,070,044$6,838,713
55$7,214,896$5,623,676$5,215,447$7,435,297
56$7,925,602$5,874,023$5,364,952$8,089,100
57$8,708,007$6,135,843$5,518,670$8,805,820
58$9,569,397$6,409,673$5,676,719$9,591,732
59$10,517,804$6,696,075$5,839,218$10,453,744
60$11,562,076$6,995,640$6,006,288$11,399,463
61$12,711,966$7,308,984$6,178,056$12,437,264
62$13,978,217$7,636,754$6,354,652$13,576,373
63$15,372,668$7,979,629$6,536,206$14,826,947
64$16,908,367$8,338,317$6,722,856$16,200,175
65$18,599,690$8,713,564$6,914,740$17,708,376
66$20,462,477$9,106,147$7,112,003$19,365,122
67$22,514,186$9,516,885$7,314,791$21,185,358
68$24,774,051$9,946,631$7,523,256$23,185,546
69$27,263,271$10,396,282$7,737,551$25,383,819
70$30,005,203$10,866,778$7,957,837$27,800,149
71$33,025,586$11,359,102$8,184,277$30,456,538
72$36,352,783$11,874,286$8,417,037$33,377,220
73$40,018,049$12,413,408$8,656,291$36,588,890
74$44,055,827$12,977,603$8,902,214$40,120,958
75$48,504,071$13,568,054$9,154,987$44,005,819
76$53,404,604$14,186,006$9,414,796$48,279,162
77$58,803,514$14,832,761$9,681,833$52,980,305
78$64,751,590$15,509,684$9,956,292$58,152,561
79$71,304,798$16,218,205$10,238,374$63,843,651
80$78,524,813$16,959,822$10,528,284$70,106,145
81$86,479,597$17,736,107$10,826,235$76,997,965
82$95,244,045$18,548,705$11,132,443$84,582,922
83$104,900,688$19,399,342$11,447,130$92,931,322
84$115,540,473$20,289,825$11,770,524$102,120,624
85$127,263,624$21,222,048$12,102,859$112,236,172
86$140,180,584$22,197,999$12,444,375$123,371,996
87$154,413,059$23,219,757$12,795,318$135,631,698
88$170,095,171$24,289,505$13,155,941$149,129,427
89$187,374,715$25,409,527$13,526,501$163,990,955
90$206,414,562$26,582,220$13,907,265$180,354,861
91$227,394,194$27,810,096$14,298,505$198,373,836
92$250,511,397$29,095,786$14,700,500$218,216,123
93$275,984,129$30,442,049$15,113,537$240,067,100
94$304,052,577$31,851,776$15,537,907$264,131,028
95$334,981,427$33,328,000$15,973,914$290,632,976
96$369,062,357$34,873,896$16,421,864$319,820,940
97$406,616,795$36,492,795$16,882,075$351,968,184
98$447,998,954$38,188,188$17,354,870$387,375,814
99$493,599,171$39,963,733$17,840,582$426,375,616
100$543,847,597$41,823,266$18,339,552$469,333,184