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%14.5%
1 years$371,606$368,296$365,066$361,914$358,836$352,168
2 years$183,963$180,537$177,217$173,997$170,874$164,181
3 years$121,424$117,983$114,671$111,482$108,410$101,900
4 years$90,160$86,730$83,451$80,316$77,319$71,042
5 years$71,407$67,997$64,761$61,691$58,776$52,752
6 years$58,909$55,525$52,337$49,334$46,508$40,742
7 years$49,985$46,630$43,492$40,561$37,823$32,317
8 years$43,296$39,970$36,885$34,025$31,378$26,130
9 years$38,095$34,801$31,769$28,982$26,425$21,432
10 years$33,937$30,676$27,697$24,983$22,515$17,773
11 years$30,538$27,309$24,384$21,742$19,364$14,867
12 years$27,707$24,511$21,640$19,071$16,780$12,523
13 years$25,313$22,151$19,334$16,837$14,633$10,608
14 years$23,263$20,134$17,372$14,946$12,827$9,027
15 years$21,488$18,393$15,684$13,329$11,294$7,711
16 years$19,937$16,875$14,220$11,935$9,982$6,608
17 years$18,569$15,542$12,940$10,723$8,850$5,678
18 years$17,355$14,361$11,812$9,664$7,869$4,890
19 years$16,270$13,310$10,814$8,732$7,014$4,220
20 years$15,294$12,368$9,924$7,909$6,265$3,647
21 years$14,413$11,520$9,128$7,178$5,607$3,157
22 years$13,612$10,754$8,413$6,526$5,026$2,736
23 years$12,883$10,058$7,768$5,943$4,511$2,373
24 years$12,215$9,424$7,184$5,421$4,055$2,060
25 years$11,602$8,844$6,654$4,951$3,649$1,790
26 years$11,036$8,311$6,171$4,527$3,287$1,557
27 years$10,514$7,822$5,731$4,143$2,963$1,354
28 years$10,030$7,371$5,327$3,796$2,674$1,179
29 years$9,579$6,953$4,957$3,481$2,414$1,027
30 years$9,160$6,567$4,618$3,195$2,181$894
31 years$8,769$6,208$4,305$2,934$1,972$779
32 years$8,402$5,874$4,017$2,697$1,784$679
33 years$8,059$5,563$3,750$2,480$1,615$592
34 years$7,736$5,272$3,504$2,282$1,462$517
35 years$7,433$5,000$3,276$2,100$1,324$451
36 years$7,147$4,746$3,065$1,934$1,200$393
37 years$6,877$4,508$2,868$1,782$1,087$343
38 years$6,622$4,284$2,686$1,643$986$299
39 years$6,381$4,074$2,517$1,515$894$261
40 years$6,152$3,876$2,359$1,397$811$228
41 years$5,935$3,689$2,212$1,289$736$199
42 years$5,729$3,514$2,075$1,190$667$174
43 years$5,533$3,348$1,947$1,098$606$152
44 years$5,347$3,191$1,828$1,014$550$132
45 years$5,169$3,043$1,716$936$499$116
46 years$4,999$2,903$1,612$865$453$101
47 years$4,838$2,770$1,514$799$412$88
48 years$4,683$2,645$1,423$738$374$77
49 years$4,535$2,525$1,337$682$339$67
50 years$4,394$2,412$1,257$631$308$59

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 $3,117 every year, while hoping to spend $39,787 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: 48/35/17 Blend
50$4,500,000$4,500,000$4,500,000$4,500,000
51$4,962,215$4,723,715$4,653,965$5,176,573
52$5,426,028$4,912,844$4,767,540$5,514,575
53$5,935,816$5,109,907$4,883,586$5,877,069
54$6,496,228$5,315,250$5,002,144$6,269,825
55$7,112,382$5,529,237$5,123,255$6,695,691
56$7,789,921$5,752,245$5,246,960$7,157,799
57$8,535,058$5,984,671$5,373,299$7,659,588
58$9,354,643$6,226,929$5,502,313$8,204,839
59$10,256,219$6,479,451$5,634,043$8,797,710
60$11,248,100$6,742,690$5,768,529$9,442,771
61$12,339,442$7,017,118$5,905,812$10,145,047
62$13,540,340$7,303,231$6,045,931$10,910,064
63$14,861,910$7,601,545$6,188,925$11,743,902
64$16,316,404$7,912,600$6,334,834$12,653,245
65$17,917,323$8,236,963$6,483,696$13,645,450
66$19,679,539$8,575,224$6,635,549$14,728,608
67$21,619,443$8,928,001$6,790,431$15,911,621
68$23,755,094$9,295,940$6,948,378$17,204,287
69$26,106,391$9,679,719$7,109,426$18,617,386
70$28,695,261$10,080,043$7,273,610$20,162,782
71$31,545,865$10,497,653$7,440,963$21,853,534
72$34,684,827$10,933,321$7,611,519$23,704,013
73$38,141,484$11,387,858$7,785,310$25,730,042
74$41,948,162$11,862,110$7,962,364$27,949,035
75$46,140,482$12,356,962$8,142,711$30,380,165
76$50,757,698$12,873,340$8,326,379$33,044,541
77$55,843,064$13,412,213$8,513,393$35,965,402
78$61,444,241$13,974,596$8,703,776$39,168,337
79$67,613,751$14,561,549$8,897,550$42,681,520
80$74,409,470$15,174,182$9,094,735$46,535,978
81$81,895,176$15,813,656$9,295,348$50,765,874
82$90,141,145$16,481,186$9,499,403$55,408,832
83$99,224,821$17,178,044$9,706,913$60,506,287
84$109,231,546$17,905,561$9,917,887$66,103,869
85$120,255,358$18,665,128$10,132,331$72,251,835
86$132,399,889$19,458,204$10,350,248$79,005,537
87$145,779,333$20,286,312$10,571,638$86,425,940
88$160,519,533$21,151,049$10,796,496$94,580,194
89$176,759,161$22,054,086$11,024,813$103,542,264
90$194,651,030$22,997,170$11,256,579$113,393,622
91$214,363,535$23,982,132$11,491,775$124,224,012
92$236,082,247$25,010,888$11,730,381$136,132,292
93$260,011,657$26,085,442$11,972,369$149,227,362
94$286,377,110$27,207,893$12,217,708$163,629,187
95$315,426,934$28,380,438$12,466,360$179,469,921
96$347,434,780$29,605,379$12,718,282$196,895,153
97$382,702,207$30,885,121$12,973,423$216,065,270
98$421,561,527$32,222,187$13,231,728$237,156,970
99$464,378,945$33,619,216$13,493,132$260,364,916
100$511,558,010$35,078,971$13,757,565$285,903,574