Can I retire at age 51 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$404,637$401,033$397,517$394,084$390,733$388,108
2 years$200,316$196,585$192,969$189,464$186,063$183,416
3 years$132,217$128,470$124,864$121,391$118,046$115,458
4 years$98,175$94,439$90,869$87,456$84,192$81,683
5 years$77,754$74,042$70,518$67,174$64,001$61,580
6 years$64,145$60,461$56,989$53,720$50,642$48,310
7 years$54,429$50,775$47,358$44,166$41,185$38,945
8 years$47,144$43,523$40,163$37,050$34,167$32,018
9 years$41,482$37,895$34,593$31,558$28,774$26,715
10 years$36,954$33,402$30,159$27,203$24,517$22,548
11 years$33,252$29,736$26,551$23,675$21,085$19,204
12 years$30,170$26,690$23,564$20,766$18,272$16,477
13 years$27,563$24,120$21,053$18,334$15,934$14,224
14 years$25,331$21,924$18,916$16,274$13,967$12,340
15 years$23,398$20,028$17,078$14,514$12,298$10,751
16 years$21,709$18,375$15,484$12,996$10,869$9,400
17 years$20,220$16,923$14,090$11,676$9,637$8,244
18 years$18,897$15,638$12,862$10,523$8,569$7,249
19 years$17,716$14,493$11,775$9,508$7,638$6,389
20 years$16,654$13,467$10,806$8,612$6,822$5,642
21 years$15,694$12,544$9,940$7,816$6,105$4,990
22 years$14,822$11,710$9,161$7,106$5,472$4,421
23 years$14,028$10,952$8,459$6,472$4,912$3,921
24 years$13,301$10,261$7,823$5,903$4,415$3,482
25 years$12,633$9,630$7,245$5,391$3,973$3,095
26 years$12,017$9,050$6,720$4,929$3,579$2,754
27 years$11,448$8,517$6,240$4,512$3,227$2,452
28 years$10,921$8,026$5,801$4,134$2,911$2,185
29 years$10,431$7,571$5,398$3,791$2,629$1,948
30 years$9,974$7,150$5,028$3,479$2,375$1,738
31 years$9,548$6,760$4,688$3,195$2,148$1,551
32 years$9,149$6,396$4,374$2,936$1,943$1,385
33 years$8,775$6,057$4,084$2,700$1,758$1,237
34 years$8,424$5,741$3,816$2,484$1,592$1,105
35 years$8,094$5,445$3,567$2,287$1,442$988
36 years$7,782$5,168$3,337$2,106$1,306$883
37 years$7,489$4,908$3,123$1,941$1,184$790
38 years$7,211$4,665$2,925$1,789$1,073$706
39 years$6,948$4,436$2,740$1,649$973$632
40 years$6,699$4,220$2,569$1,521$883$565
41 years$6,463$4,017$2,408$1,404$801$506
42 years$6,238$3,826$2,259$1,295$727$453
43 years$6,025$3,645$2,120$1,196$660$405
44 years$5,822$3,475$1,990$1,104$599$363
45 years$5,628$3,314$1,869$1,020$544$325
46 years$5,444$3,161$1,755$942$493$291
47 years$5,268$3,017$1,649$870$448$260
48 years$5,099$2,880$1,549$804$407$233
49 years$4,938$2,750$1,456$743$370$209
50 years$4,784$2,627$1,369$687$336$187

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $4,900,000, adding $5,864 every year, while hoping to spend $34,918 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: 60/10/30 Blend
50$4,900,000$4,900,000$4,900,000$4,900,000
51$5,405,849$5,146,149$5,070,199$5,685,733
52$5,920,093$5,361,158$5,202,898$6,092,738
53$6,485,619$5,585,531$5,338,872$6,532,449
54$7,107,623$5,819,693$5,478,194$7,011,570
55$7,791,825$6,064,082$5,620,939$7,533,954
56$8,544,532$6,319,163$5,767,181$8,103,842
57$9,372,689$6,585,417$5,916,997$8,725,901
58$10,283,953$6,863,352$6,070,465$9,405,271
59$11,286,755$7,153,495$6,227,665$10,147,607
60$12,390,389$7,456,402$6,388,677$10,959,137
61$13,605,095$7,772,651$6,553,583$11,846,718
62$14,942,152$8,102,849$6,722,466$12,817,899
63$16,413,994$8,447,631$6,895,411$13,880,991
64$18,034,318$8,807,661$7,072,504$15,045,149
65$19,818,217$9,183,635$7,253,831$16,320,453
66$21,782,322$9,576,280$7,439,481$17,718,002
67$23,944,959$9,986,358$7,629,544$19,250,021
68$26,326,322$10,414,666$7,824,111$20,929,975
69$28,948,661$10,862,039$8,023,273$22,772,692
70$31,836,496$11,329,351$8,227,124$24,794,504
71$35,016,845$11,817,516$8,435,759$27,013,403
72$38,519,480$12,327,491$8,649,274$29,449,202
73$42,377,208$12,860,278$8,867,766$32,123,730
74$46,626,179$13,416,928$9,091,332$35,061,030
75$51,306,230$13,998,538$9,320,072$38,287,588
76$56,461,258$14,606,259$9,554,087$41,832,580
77$62,139,635$15,241,294$9,793,477$45,728,149
78$68,394,665$15,904,905$10,038,346$50,009,703
79$75,285,087$16,598,412$10,288,798$54,716,251
80$82,875,629$17,323,197$10,544,935$59,890,768
81$91,237,617$18,080,707$10,806,864$65,580,601
82$100,449,651$18,872,459$11,074,691$71,837,911
83$110,598,345$19,700,039$11,348,523$78,720,169
84$121,779,144$20,565,110$11,628,467$86,290,689
85$134,097,229$21,469,412$11,914,632$94,619,234
86$147,668,501$22,414,767$12,207,127$103,782,662
87$162,620,683$23,403,086$12,506,061$113,865,661
88$179,094,523$24,436,368$12,811,544$124,961,534
89$197,245,120$25,516,706$13,123,687$137,173,088
90$217,243,392$26,646,293$13,442,599$150,613,598
91$239,277,684$27,827,428$13,768,393$165,407,875
92$263,555,551$29,062,515$14,101,177$181,693,440
93$290,305,713$30,354,075$14,441,063$199,621,822
94$319,780,219$31,704,748$14,788,162$219,359,986
95$352,256,819$33,117,298$15,142,583$241,091,907
96$388,041,591$34,594,622$15,504,436$265,020,300
97$427,471,830$36,139,754$15,873,830$291,368,538
98$470,919,227$37,755,873$16,250,874$320,382,750
99$518,793,385$39,446,308$16,635,676$352,334,149
100$571,545,679$41,214,546$17,028,340$387,521,582