Can I retire at age 51 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$379,864$376,480$373,179$369,957$366,810$360,289
2 years$188,051$184,549$181,155$177,864$174,672$168,124
3 years$124,122$120,605$117,219$113,959$110,819$104,448
4 years$92,164$88,657$85,306$82,101$79,037$72,893
5 years$72,994$69,508$66,201$63,062$60,083$54,183
6 years$60,218$56,759$53,500$50,431$47,541$41,892
7 years$51,096$47,666$44,459$41,462$38,664$33,267
8 years$44,258$40,859$37,704$34,781$32,075$26,929
9 years$38,942$35,575$32,475$29,626$27,012$22,114
10 years$34,692$31,357$28,312$25,538$23,016$18,362
11 years$31,216$27,916$24,926$22,226$19,794$15,379
12 years$28,322$25,056$22,121$19,495$17,153$12,970
13 years$25,876$22,643$19,764$17,211$14,958$11,001
14 years$23,780$20,582$17,758$15,278$13,112$9,374
15 years$21,966$18,802$16,033$13,625$11,545$8,019
16 years$20,380$17,250$14,536$12,200$10,203$6,882
17 years$18,982$15,887$13,227$10,962$9,047$5,922
18 years$17,740$14,680$12,075$9,879$8,044$5,107
19 years$16,631$13,605$11,054$8,926$7,170$4,414
20 years$15,634$12,643$10,145$8,084$6,404$3,821
21 years$14,733$11,776$9,331$7,337$5,731$3,312
22 years$13,915$10,993$8,600$6,671$5,137$2,874
23 years$13,169$10,281$7,941$6,075$4,611$2,497
24 years$12,487$9,633$7,344$5,541$4,145$2,172
25 years$11,860$9,040$6,802$5,061$3,730$1,890
26 years$11,282$8,496$6,308$4,627$3,360$1,646
27 years$10,748$7,996$5,858$4,235$3,029$1,434
28 years$10,252$7,534$5,446$3,880$2,733$1,251
29 years$9,792$7,108$5,068$3,558$2,468$1,091
30 years$9,364$6,713$4,720$3,266$2,230$952
31 years$8,963$6,346$4,401$2,999$2,016$831
32 years$8,589$6,004$4,106$2,756$1,824$725
33 years$8,238$5,686$3,834$2,535$1,650$634
34 years$7,908$5,389$3,582$2,332$1,494$553
35 years$7,598$5,112$3,349$2,147$1,353$484
36 years$7,306$4,852$3,133$1,977$1,226$423
37 years$7,030$4,608$2,932$1,822$1,111$369
38 years$6,769$4,379$2,746$1,679$1,008$323
39 years$6,523$4,164$2,573$1,548$914$282
40 years$6,289$3,962$2,411$1,428$829$247
41 years$6,067$3,771$2,261$1,318$752$216
42 years$5,856$3,592$2,121$1,216$682$189
43 years$5,656$3,422$1,990$1,122$619$165
44 years$5,465$3,262$1,868$1,036$562$144
45 years$5,284$3,111$1,754$957$510$126
46 years$5,110$2,967$1,648$884$463$110
47 years$4,945$2,832$1,548$817$421$97
48 years$4,787$2,703$1,455$755$382$84
49 years$4,636$2,582$1,367$698$347$74
50 years$4,491$2,466$1,285$645$315$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $4,600,000, adding $6,536 every year, while hoping to spend $57,957 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: 50/27/23 Blend
50$4,600,000$4,600,000$4,600,000$4,600,000
51$5,075,942$4,832,142$4,760,842$5,296,642
52$5,532,022$5,007,251$4,858,664$5,625,713
53$6,032,680$5,188,998$4,957,821$5,976,761
54$6,582,402$5,377,647$5,058,296$6,357,116
55$7,186,128$5,573,473$5,160,071$6,769,574
56$7,849,302$5,776,763$5,263,122$7,217,210
57$8,577,922$5,987,814$5,367,427$7,703,408
58$9,378,592$6,206,939$5,472,958$8,231,888
59$10,258,590$6,434,462$5,579,685$8,806,746
60$11,225,935$6,670,719$5,687,573$9,432,488
61$12,289,460$6,916,064$5,796,586$10,114,071
62$13,458,897$7,170,862$5,906,683$10,856,952
63$14,744,967$7,435,497$6,017,820$11,667,138
64$16,159,484$7,710,367$6,129,947$12,551,238
65$17,715,463$7,995,887$6,243,013$13,516,529
66$19,427,246$8,292,491$6,356,959$14,571,023
67$21,310,631$8,600,630$6,471,723$15,723,539
68$23,383,029$8,920,774$6,587,239$16,983,785
69$25,663,621$9,253,415$6,703,435$18,362,455
70$28,173,542$9,599,064$6,820,232$19,871,320
71$30,936,080$9,958,255$6,937,546$21,523,343
72$33,976,896$10,331,545$7,055,290$23,332,799
73$37,324,263$10,719,514$7,173,365$25,315,410
74$41,009,335$11,122,768$7,291,671$27,488,488
75$45,066,442$11,541,939$7,410,097$29,871,103
76$49,533,410$11,977,684$7,528,526$32,484,255
77$54,451,920$12,430,692$7,646,833$35,351,075
78$59,867,899$12,901,680$7,764,886$38,497,043
79$65,831,958$13,391,396$7,882,543$41,950,222
80$72,399,864$13,900,620$7,999,653$45,741,526
81$79,633,066$14,430,167$8,116,058$49,905,007
82$87,599,281$14,980,886$8,231,588$54,478,177
83$96,373,123$15,553,666$8,346,062$59,502,359
84$106,036,818$16,149,431$8,459,291$65,023,073
85$116,680,969$16,769,149$8,571,073$71,090,471
86$128,405,417$17,413,827$8,681,193$77,759,799
87$141,320,184$18,084,519$8,789,427$85,091,925
88$155,546,505$18,782,322$8,895,536$93,153,903
89$171,217,979$19,508,386$8,999,266$102,019,612
90$188,481,823$20,263,908$9,100,352$111,770,445
91$207,500,267$21,050,137$9,198,512$122,496,079
92$228,452,081$21,868,381$9,293,449$134,295,315
93$251,534,264$22,720,002$9,384,850$147,277,012
94$276,963,902$23,606,425$9,472,386$161,561,110
95$304,980,217$24,529,137$9,555,708$177,279,760
96$335,846,825$25,489,691$9,634,450$194,578,566
97$369,854,224$26,489,709$9,708,227$213,617,962
98$407,322,535$27,530,884$9,776,632$234,574,718
99$448,604,523$28,614,987$9,839,239$257,643,608
100$494,088,930$29,743,867$9,895,599$283,039,246