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%
1 years$396,380$392,849$389,404$386,042$382,759$368,885
2 years$196,227$192,573$189,031$185,597$182,266$168,441
3 years$129,519$125,849$122,316$118,914$115,637$102,295
4 years$96,171$92,512$89,014$85,671$82,473$69,716
5 years$76,168$72,531$69,079$65,803$62,695$50,556
6 years$62,836$59,227$55,826$52,623$49,608$38,096
7 years$53,318$49,738$46,392$43,265$40,345$29,457
8 years$46,182$42,635$39,344$36,294$33,470$23,197
9 years$40,635$37,121$33,887$30,914$28,187$18,515
10 years$36,200$32,721$29,543$26,648$24,016$14,929
11 years$32,574$29,129$26,009$23,192$20,655$12,133
12 years$29,554$26,145$23,083$20,342$17,899$9,922
13 years$27,001$23,627$20,623$17,959$15,608$8,153
14 years$24,814$21,477$18,530$15,942$13,682$6,726
15 years$22,921$19,619$16,730$14,218$12,047$5,567
16 years$21,266$18,000$15,168$12,730$10,647$4,620
17 years$19,807$16,578$13,802$11,438$9,440$3,842
18 years$18,512$15,318$12,600$10,308$8,394$3,200
19 years$17,354$14,197$11,534$9,314$7,482$2,670
20 years$16,314$13,193$10,586$8,436$6,683$2,230
21 years$15,373$12,288$9,737$7,656$5,980$1,864
22 years$14,520$11,471$8,974$6,961$5,361$1,560
23 years$13,742$10,728$8,286$6,340$4,812$1,306
24 years$13,029$10,052$7,663$5,782$4,325$1,095
25 years$12,375$9,433$7,098$5,281$3,892$918
26 years$11,772$8,866$6,583$4,828$3,506$769
27 years$11,215$8,344$6,113$4,419$3,161$645
28 years$10,698$7,862$5,682$4,049$2,852$542
29 years$10,218$7,417$5,288$3,713$2,575$455
30 years$9,771$7,005$4,926$3,408$2,327$382
31 years$9,353$6,622$4,592$3,130$2,104$320
32 years$8,962$6,265$4,284$2,876$1,903$269
33 years$8,596$5,933$4,000$2,645$1,722$226
34 years$8,252$5,624$3,738$2,434$1,559$190
35 years$7,928$5,334$3,494$2,240$1,412$159
36 years$7,624$5,063$3,269$2,063$1,280$134
37 years$7,336$4,808$3,060$1,901$1,160$112
38 years$7,064$4,570$2,865$1,752$1,051$95
39 years$6,806$4,345$2,684$1,616$953$79
40 years$6,562$4,134$2,516$1,490$865$67
41 years$6,331$3,935$2,359$1,375$785$56
42 years$6,111$3,748$2,213$1,269$712$47
43 years$5,902$3,571$2,077$1,171$646$40
44 years$5,703$3,404$1,949$1,082$586$33
45 years$5,513$3,246$1,830$999$532$28
46 years$5,333$3,096$1,719$923$483$23
47 years$5,160$2,955$1,615$852$439$20
48 years$4,995$2,821$1,518$788$399$17
49 years$4,837$2,694$1,427$728$362$14
50 years$4,686$2,573$1,341$673$329$12

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 $4,594 every year, while hoping to spend $58,468 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: 35/42/23 Blend
50$4,800,000$4,800,000$4,800,000$4,800,000
51$5,294,339$5,039,939$4,965,539$5,442,553
52$5,772,152$5,224,686$5,069,675$5,737,279
53$6,296,742$5,416,527$5,175,340$6,049,377
54$6,872,819$5,615,746$5,282,523$6,384,949
55$7,505,572$5,822,642$5,391,212$6,746,125
56$8,200,714$6,037,526$5,501,392$7,135,243
57$8,964,542$6,260,720$5,613,044$7,554,869
58$9,803,993$6,492,562$5,726,148$8,007,822
59$10,726,707$6,733,405$5,840,681$8,497,199
60$11,741,103$6,983,614$5,956,616$9,026,402
61$12,856,456$7,243,571$6,073,923$9,599,172
62$14,082,984$7,513,676$6,192,569$10,219,615
63$15,431,947$7,794,344$6,312,518$10,892,250
64$16,915,747$8,086,009$6,433,729$11,622,042
65$18,548,052$8,389,122$6,556,158$12,414,451
66$20,343,919$8,704,155$6,679,755$13,275,482
67$22,319,939$9,031,599$6,804,468$14,211,737
68$24,494,393$9,371,968$6,930,238$15,230,479
69$26,887,423$9,725,796$7,057,002$16,339,699
70$29,521,222$10,093,641$7,184,693$17,548,186
71$32,420,243$10,476,087$7,313,238$18,865,611
72$35,611,433$10,873,739$7,442,556$20,302,616
73$39,124,480$11,287,233$7,572,562$21,870,912
74$42,992,099$11,717,230$7,703,165$23,583,386
75$47,250,338$12,164,420$7,834,266$25,454,223
76$51,938,919$12,629,522$7,965,760$27,499,036
77$57,101,609$13,113,290$8,097,534$29,735,011
78$62,786,640$13,616,507$8,229,468$32,181,069
79$69,047,154$14,139,993$8,361,432$34,858,036
80$75,941,714$14,684,603$8,493,290$37,788,844
81$83,534,848$15,251,228$8,624,895$40,998,742
82$91,897,666$15,840,801$8,756,092$44,515,530
83$101,108,522$16,454,295$8,886,715$48,369,818
84$111,253,760$17,092,724$9,016,589$52,595,315
85$122,428,526$17,757,150$9,145,527$57,229,142
86$134,737,665$18,448,680$9,273,332$62,312,180
87$148,296,711$19,168,469$9,399,792$67,889,449
88$163,232,977$19,917,726$9,524,688$74,010,534
89$179,686,758$20,697,712$9,647,782$80,730,046
90$197,812,651$21,509,743$9,768,826$88,108,136
91$217,781,017$22,355,196$9,887,557$96,211,055
92$239,779,588$23,235,508$10,003,697$105,111,779
93$264,015,237$24,152,180$10,116,953$114,890,691
94$290,715,935$25,106,779$10,227,014$125,636,337
95$320,132,894$26,100,945$10,333,553$137,446,253
96$352,542,947$27,136,389$10,436,224$150,427,888
97$388,251,155$28,214,900$10,534,665$164,699,605
98$427,593,688$29,338,346$10,628,492$180,391,797
99$470,940,999$30,508,679$10,717,301$197,648,113
100$518,701,317$31,727,940$10,800,667$216,626,805