Can I retire at age 51 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$388,122$384,664$381,291$377,999$374,785$362,063
2 years$192,139$188,561$185,093$181,730$178,469$165,780
3 years$126,821$123,227$119,767$116,436$113,228$100,970
4 years$94,168$90,585$87,160$83,886$80,755$69,022
5 years$74,581$71,019$67,640$64,432$61,389$50,211
6 years$61,527$57,993$54,663$51,527$48,575$37,961
7 years$52,207$48,702$45,425$42,363$39,504$29,454
8 years$45,220$41,747$38,524$35,538$32,773$23,277
9 years$39,788$36,348$33,181$30,270$27,599$18,647
10 years$35,446$32,039$28,928$26,093$23,516$15,093
11 years$31,895$28,522$25,468$22,709$20,225$12,314
12 years$28,938$25,600$22,602$19,919$17,526$10,110
13 years$26,438$23,135$20,193$17,585$15,283$8,342
14 years$24,297$21,029$18,144$15,610$13,397$6,911
15 years$22,443$19,211$16,381$13,922$11,796$5,744
16 years$20,823$17,625$14,852$12,465$10,425$4,788
17 years$19,394$16,232$13,515$11,200$9,244$3,999
18 years$18,126$14,999$12,337$10,093$8,219$3,346
19 years$16,993$13,901$11,294$9,120$7,326$2,804
20 years$15,974$12,918$10,365$8,260$6,544$2,353
21 years$15,053$12,032$9,534$7,497$5,856$1,977
22 years$14,217$11,232$8,787$6,816$5,249$1,662
23 years$13,455$10,505$8,113$6,208$4,712$1,398
24 years$12,758$9,842$7,503$5,662$4,235$1,177
25 years$12,117$9,237$6,950$5,171$3,811$991
26 years$11,527$8,681$6,445$4,728$3,433$835
27 years$10,981$8,170$5,985$4,327$3,095$704
28 years$10,475$7,698$5,564$3,965$2,793$594
29 years$10,005$7,262$5,178$3,636$2,522$501
30 years$9,567$6,859$4,823$3,337$2,278$422
31 years$9,158$6,484$4,496$3,065$2,060$356
32 years$8,776$6,135$4,195$2,816$1,863$301
33 years$8,417$5,810$3,917$2,590$1,686$254
34 years$8,080$5,506$3,660$2,383$1,527$214
35 years$7,763$5,223$3,422$2,194$1,383$181
36 years$7,465$4,957$3,201$2,020$1,253$153
37 years$7,183$4,708$2,996$1,861$1,136$129
38 years$6,917$4,474$2,806$1,716$1,030$109
39 years$6,664$4,255$2,629$1,582$934$92
40 years$6,426$4,048$2,464$1,459$847$78
41 years$6,199$3,853$2,310$1,346$768$66
42 years$5,984$3,670$2,167$1,242$697$55
43 years$5,779$3,497$2,033$1,147$633$47
44 years$5,584$3,333$1,909$1,059$574$39
45 years$5,399$3,178$1,792$978$521$33
46 years$5,222$3,032$1,683$903$473$28
47 years$5,053$2,893$1,581$835$430$24
48 years$4,891$2,762$1,486$771$390$20
49 years$4,737$2,638$1,397$713$355$17
50 years$4,589$2,520$1,313$659$322$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $4,700,000, adding $3,298 every year, while hoping to spend $32,601 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: 57/33/10 Blend
50$4,700,000$4,700,000$4,700,000$4,700,000
51$5,182,802$4,933,702$4,860,852$5,465,530
52$5,676,760$5,140,766$4,989,003$5,863,687
53$6,220,010$5,356,884$5,120,355$6,293,397
54$6,817,544$5,582,464$5,254,980$6,760,822
55$7,474,864$5,817,935$5,392,952$7,269,574
56$8,198,032$6,063,746$5,534,347$7,823,623
57$8,993,725$6,320,363$5,679,242$8,427,334
58$9,869,304$6,588,280$5,827,716$9,085,508
59$10,832,875$6,868,008$5,979,846$9,803,424
60$11,893,373$7,160,085$6,135,716$10,586,889
61$13,060,642$7,465,073$6,295,407$11,442,287
62$14,345,527$7,783,562$6,459,003$12,376,646
63$15,759,981$8,116,166$6,626,589$13,397,695
64$17,317,172$8,463,532$6,798,253$14,513,937
65$19,031,611$8,826,332$6,974,083$15,734,731
66$20,919,288$9,205,275$7,154,167$17,070,373
67$22,997,821$9,601,100$7,338,597$18,532,198
68$25,286,625$10,014,579$7,527,466$20,132,676
69$27,807,092$10,446,525$7,720,868$21,885,536
70$30,582,795$10,897,785$7,918,897$23,805,889
71$33,639,711$11,369,247$8,121,650$25,910,369
72$37,006,462$11,861,841$8,329,226$28,217,287
73$40,714,591$12,376,540$8,541,725$30,746,804
74$44,798,852$12,914,364$8,759,246$33,521,114
75$49,297,547$13,476,380$8,981,892$36,564,655
76$54,252,879$14,063,704$9,209,767$39,904,336
77$59,711,354$14,677,507$9,442,976$43,569,783
78$65,724,221$15,319,014$9,681,625$47,593,625
79$72,347,954$15,989,508$9,925,822$52,011,789
80$79,644,783$16,690,331$10,175,674$56,863,841
81$87,683,284$17,422,891$10,431,293$62,193,356
82$96,539,027$18,188,661$10,692,789$68,048,323
83$106,295,285$18,989,183$10,960,275$74,481,596
84$117,043,824$19,826,072$11,233,864$81,551,386
85$128,885,766$20,701,022$11,513,670$89,321,812
86$141,932,545$21,615,803$11,799,810$97,863,494
87$156,306,960$22,572,272$12,092,398$107,254,222
88$172,144,329$23,572,373$12,391,553$117,579,681
89$189,593,773$24,618,142$12,697,392$128,934,257
90$208,819,618$25,711,711$13,010,035$141,421,919
91$230,002,949$26,855,314$13,329,601$155,157,200
92$253,343,316$28,051,292$13,656,210$170,266,270
93$279,060,624$29,302,094$13,989,982$186,888,118
94$307,397,200$30,610,289$14,331,038$205,175,863
95$338,620,086$31,978,566$14,679,501$225,298,190
96$373,023,562$33,409,742$15,035,490$247,440,932
97$410,931,914$34,906,768$15,399,129$271,808,825
98$452,702,507$36,472,738$15,770,537$298,627,425
99$498,729,150$38,110,889$16,149,837$328,145,233
100$549,445,817$39,824,616$16,537,150$360,636,034