Can I retire at age 51 with 4,800,000?

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 $4,800,000?

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$396,380$392,849$389,404$386,042$382,759$369,767
2 years$196,227$192,573$189,031$185,597$182,266$169,307
3 years$129,519$125,849$122,316$118,914$115,637$103,118
4 years$96,171$92,512$89,014$85,671$82,473$70,490
5 years$76,168$72,531$69,079$65,803$62,695$51,279
6 years$62,836$59,227$55,826$52,623$49,608$38,769
7 years$53,318$49,738$46,392$43,265$40,345$30,080
8 years$46,182$42,635$39,344$36,294$33,470$23,772
9 years$40,635$37,121$33,887$30,914$28,187$19,044
10 years$36,200$32,721$29,543$26,648$24,016$15,414
11 years$32,574$29,129$26,009$23,192$20,655$12,576
12 years$29,554$26,145$23,083$20,342$17,899$10,325
13 years$27,001$23,627$20,623$17,959$15,608$8,519
14 years$24,814$21,477$18,530$15,942$13,682$7,058
15 years$22,921$19,619$16,730$14,218$12,047$5,867
16 years$21,266$18,000$15,168$12,730$10,647$4,889
17 years$19,807$16,578$13,802$11,438$9,440$4,084
18 years$18,512$15,318$12,600$10,308$8,394$3,417
19 years$17,354$14,197$11,534$9,314$7,482$2,864
20 years$16,314$13,193$10,586$8,436$6,683$2,403
21 years$15,373$12,288$9,737$7,656$5,980$2,019
22 years$14,520$11,471$8,974$6,961$5,361$1,697
23 years$13,742$10,728$8,286$6,340$4,812$1,428
24 years$13,029$10,052$7,663$5,782$4,325$1,202
25 years$12,375$9,433$7,098$5,281$3,892$1,012
26 years$11,772$8,866$6,583$4,828$3,506$853
27 years$11,215$8,344$6,113$4,419$3,161$719
28 years$10,698$7,862$5,682$4,049$2,852$606
29 years$10,218$7,417$5,288$3,713$2,575$511
30 years$9,771$7,005$4,926$3,408$2,327$431
31 years$9,353$6,622$4,592$3,130$2,104$364
32 years$8,962$6,265$4,284$2,876$1,903$307
33 years$8,596$5,933$4,000$2,645$1,722$259
34 years$8,252$5,624$3,738$2,434$1,559$219
35 years$7,928$5,334$3,494$2,240$1,412$185
36 years$7,624$5,063$3,269$2,063$1,280$156
37 years$7,336$4,808$3,060$1,901$1,160$132
38 years$7,064$4,570$2,865$1,752$1,051$111
39 years$6,806$4,345$2,684$1,616$953$94
40 years$6,562$4,134$2,516$1,490$865$79
41 years$6,331$3,935$2,359$1,375$785$67
42 years$6,111$3,748$2,213$1,269$712$57
43 years$5,902$3,571$2,077$1,171$646$48
44 years$5,703$3,404$1,949$1,082$586$40
45 years$5,513$3,246$1,830$999$532$34
46 years$5,333$3,096$1,719$923$483$29
47 years$5,160$2,955$1,615$852$439$24
48 years$4,995$2,821$1,518$788$399$21
49 years$4,837$2,694$1,427$728$362$17
50 years$4,686$2,573$1,341$673$329$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $4,800,000, adding $5,839 every year, while hoping to spend $44,204 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: 59/20/21 Blend
50$4,800,000$4,800,000$4,800,000$4,800,000
51$5,295,623$5,041,223$4,966,823$5,578,267
52$5,788,744$5,241,210$5,086,179$5,970,832
53$6,330,681$5,449,515$5,208,052$6,393,456
54$6,926,368$5,666,499$5,332,479$6,853,406
55$7,581,239$5,892,539$5,459,498$7,354,302
56$8,301,281$6,128,028$5,589,146$7,900,128
57$9,093,090$6,373,380$5,721,461$8,495,267
58$9,963,933$6,629,023$5,856,478$9,144,543
59$10,921,817$6,895,409$5,994,233$9,853,263
60$11,975,565$7,173,007$6,134,763$10,627,270
61$13,134,897$7,462,308$6,278,101$11,472,996
62$14,410,522$7,763,826$6,424,283$12,397,517
63$15,814,240$8,078,099$6,573,342$13,408,628
64$17,359,054$8,405,687$6,725,310$14,514,906
65$19,059,289$8,747,178$6,880,220$15,725,796
66$20,930,731$9,103,184$7,038,102$17,051,697
67$22,990,773$9,474,347$7,198,985$18,504,059
68$25,258,580$9,861,339$7,362,900$20,095,489
69$27,755,271$10,264,859$7,529,872$21,839,872
70$30,504,113$10,685,642$7,699,927$23,752,496
71$33,530,748$11,124,454$7,873,091$25,850,198
72$36,863,430$11,582,098$8,049,384$28,151,522
73$40,533,290$12,059,410$8,228,829$30,676,890
74$44,574,634$12,557,270$8,411,443$33,448,794
75$49,025,264$13,076,594$8,597,244$36,492,010
76$53,926,835$13,618,341$8,786,245$39,833,825
77$59,325,247$14,183,515$8,978,460$43,504,296
78$65,271,081$14,773,165$9,173,897$47,536,531
79$71,820,071$15,388,391$9,372,562$51,967,001
80$79,033,635$16,030,339$9,574,460$56,835,879
81$86,979,453$16,700,212$9,779,592$62,187,423
82$95,732,102$17,399,268$9,987,953$68,070,384
83$105,373,765$18,128,820$10,199,538$74,538,471
84$115,995,002$18,890,246$10,414,336$81,650,852
85$127,695,609$19,684,984$10,632,332$89,472,709
86$140,585,555$20,514,542$10,853,509$98,075,856
87$154,786,023$21,380,496$11,077,843$107,539,409
88$170,430,551$22,284,495$11,305,305$117,950,533
89$187,666,297$23,228,265$11,535,862$129,405,260
90$206,655,421$24,213,612$11,769,476$142,009,397
91$227,576,622$25,242,426$12,006,101$155,879,515
92$250,626,819$26,316,687$12,245,687$171,144,053
93$276,023,014$27,438,464$12,488,177$187,944,523
94$304,004,337$28,609,924$12,733,506$206,436,844
95$334,834,305$29,833,336$12,981,604$226,792,810
96$368,803,307$31,111,072$13,232,391$249,201,707
97$406,231,348$32,445,619$13,485,780$273,872,100
98$447,471,068$33,839,577$13,741,676$301,033,793
99$492,911,070$35,295,668$13,999,974$330,939,996
100$542,979,586$36,816,744$14,260,561$363,869,712