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%19.4%
1 years$396,380$392,849$389,404$386,042$382,759$368,300
2 years$196,227$192,573$189,031$185,597$182,266$167,867
3 years$129,519$125,849$122,316$118,914$115,637$101,751
4 years$96,171$92,512$89,014$85,671$82,473$69,205
5 years$76,168$72,531$69,079$65,803$62,695$50,080
6 years$62,836$59,227$55,826$52,623$49,608$37,655
7 years$53,318$49,738$46,392$43,265$40,345$29,049
8 years$46,182$42,635$39,344$36,294$33,470$22,822
9 years$40,635$37,121$33,887$30,914$28,187$18,171
10 years$36,200$32,721$29,543$26,648$24,016$14,614
11 years$32,574$29,129$26,009$23,192$20,655$11,846
12 years$29,554$26,145$23,083$20,342$17,899$9,661
13 years$27,001$23,627$20,623$17,959$15,608$7,917
14 years$24,814$21,477$18,530$15,942$13,682$6,514
15 years$22,921$19,619$16,730$14,218$12,047$5,376
16 years$21,266$18,000$15,168$12,730$10,647$4,448
17 years$19,807$16,578$13,802$11,438$9,440$3,688
18 years$18,512$15,318$12,600$10,308$8,394$3,063
19 years$17,354$14,197$11,534$9,314$7,482$2,548
20 years$16,314$13,193$10,586$8,436$6,683$2,121
21 years$15,373$12,288$9,737$7,656$5,980$1,768
22 years$14,520$11,471$8,974$6,961$5,361$1,475
23 years$13,742$10,728$8,286$6,340$4,812$1,231
24 years$13,029$10,052$7,663$5,782$4,325$1,028
25 years$12,375$9,433$7,098$5,281$3,892$859
26 years$11,772$8,866$6,583$4,828$3,506$718
27 years$11,215$8,344$6,113$4,419$3,161$601
28 years$10,698$7,862$5,682$4,049$2,852$502
29 years$10,218$7,417$5,288$3,713$2,575$420
30 years$9,771$7,005$4,926$3,408$2,327$352
31 years$9,353$6,622$4,592$3,130$2,104$294
32 years$8,962$6,265$4,284$2,876$1,903$246
33 years$8,596$5,933$4,000$2,645$1,722$206
34 years$8,252$5,624$3,738$2,434$1,559$173
35 years$7,928$5,334$3,494$2,240$1,412$144
36 years$7,624$5,063$3,269$2,063$1,280$121
37 years$7,336$4,808$3,060$1,901$1,160$101
38 years$7,064$4,570$2,865$1,752$1,051$85
39 years$6,806$4,345$2,684$1,616$953$71
40 years$6,562$4,134$2,516$1,490$865$59
41 years$6,331$3,935$2,359$1,375$785$50
42 years$6,111$3,748$2,213$1,269$712$42
43 years$5,902$3,571$2,077$1,171$646$35
44 years$5,703$3,404$1,949$1,082$586$29
45 years$5,513$3,246$1,830$999$532$24
46 years$5,333$3,096$1,719$923$483$21
47 years$5,160$2,955$1,615$852$439$17
48 years$4,995$2,821$1,518$788$399$14
49 years$4,837$2,694$1,427$728$362$12
50 years$4,686$2,573$1,341$673$329$10

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 $6,719 every year, while hoping to spend $49,334 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: 62/28/10 Blend
50$4,800,000$4,800,000$4,800,000$4,800,000
51$5,296,531$5,042,131$4,967,731$5,612,635
52$5,784,286$5,236,704$5,081,659$6,019,585
53$6,320,138$5,439,158$5,197,750$6,457,297
54$6,908,943$5,649,827$5,316,024$6,933,829
55$7,556,045$5,869,059$5,436,502$7,452,942
56$8,267,338$6,097,219$5,559,201$8,018,767
57$9,049,311$6,334,687$5,684,138$8,635,854
58$9,909,114$6,581,860$5,811,330$9,309,205
59$10,854,625$6,839,153$5,940,791$10,044,328
60$11,894,524$7,106,999$6,072,535$10,847,282
61$13,038,374$7,385,850$6,206,573$11,724,733
62$14,296,710$7,676,179$6,342,916$12,684,020
63$15,681,143$7,978,479$6,481,571$13,733,223
64$17,204,461$8,293,267$6,622,546$14,881,231
65$18,880,759$8,621,080$6,765,844$16,137,832
66$20,725,565$8,962,481$6,911,469$17,513,803
67$22,755,989$9,318,059$7,059,419$19,021,006
68$24,990,883$9,688,427$7,209,692$20,672,501
69$27,451,020$10,074,227$7,362,284$22,482,671
70$30,159,290$10,476,130$7,517,187$24,467,350
71$33,140,914$10,894,836$7,674,389$26,643,976
72$36,423,682$11,331,079$7,833,876$29,031,751
73$40,038,219$11,785,623$7,995,632$31,651,820
74$44,018,267$12,259,268$8,159,635$34,527,472
75$48,401,009$12,752,851$8,325,862$37,684,353
76$53,227,416$13,267,244$8,494,282$41,150,712
77$58,542,636$13,803,363$8,664,864$44,957,661
78$64,396,418$14,362,161$8,837,570$49,139,467
79$70,843,582$14,944,636$9,012,358$53,733,874
80$77,944,537$15,551,833$9,189,182$58,782,458
81$85,765,849$16,184,843$9,367,989$64,331,015
82$94,380,871$16,844,805$9,548,722$70,429,992
83$103,870,432$17,532,913$9,731,317$77,134,958
84$114,323,604$18,250,413$9,915,704$84,507,132
85$125,838,539$18,998,611$10,101,807$92,613,948
86$138,523,396$19,778,869$10,289,543$101,529,699
87$152,497,362$20,592,613$10,478,823$111,336,228
88$167,891,777$21,441,335$10,669,547$122,123,699
89$184,851,372$22,326,594$10,861,611$133,991,447
90$203,535,637$23,250,022$11,054,900$147,048,908
91$224,120,324$24,213,325$11,249,291$161,416,652
92$246,799,106$25,218,287$11,444,651$177,227,517
93$271,785,407$26,266,776$11,640,840$194,627,854
94$299,314,414$27,360,743$11,837,703$213,778,913
95$329,645,297$28,502,232$12,035,079$234,858,351
96$363,063,656$29,693,380$12,232,792$258,061,911
97$399,884,215$30,936,422$12,430,657$283,605,265
98$440,453,795$32,233,697$12,628,474$311,726,042
99$485,154,586$33,587,652$12,826,032$342,686,064
100$534,407,755$35,000,848$13,023,105$376,773,821