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%17.8%
1 years$404,637$401,033$397,517$394,084$390,733$378,377
2 years$200,316$196,585$192,969$189,464$186,063$173,727
3 years$132,217$128,470$124,864$121,391$118,046$106,116
4 years$98,175$94,439$90,869$87,456$84,192$72,760
5 years$77,754$74,042$70,518$67,174$64,001$53,098
6 years$64,145$60,461$56,989$53,720$50,642$40,277
7 years$54,429$50,775$47,358$44,166$41,185$31,357
8 years$47,144$43,523$40,163$37,050$34,167$24,869
9 years$41,482$37,895$34,593$31,558$28,774$19,996
10 years$36,954$33,402$30,159$27,203$24,517$16,246
11 years$33,252$29,736$26,551$23,675$21,085$13,306
12 years$30,170$26,690$23,564$20,766$18,272$10,968
13 years$27,563$24,120$21,053$18,334$15,934$9,087
14 years$25,331$21,924$18,916$16,274$13,967$7,560
15 years$23,398$20,028$17,078$14,514$12,298$6,310
16 years$21,709$18,375$15,484$12,996$10,869$5,282
17 years$20,220$16,923$14,090$11,676$9,637$4,431
18 years$18,897$15,638$12,862$10,523$8,569$3,725
19 years$17,716$14,493$11,775$9,508$7,638$3,136
20 years$16,654$13,467$10,806$8,612$6,822$2,643
21 years$15,694$12,544$9,940$7,816$6,105$2,231
22 years$14,822$11,710$9,161$7,106$5,472$1,884
23 years$14,028$10,952$8,459$6,472$4,912$1,593
24 years$13,301$10,261$7,823$5,903$4,415$1,347
25 years$12,633$9,630$7,245$5,391$3,973$1,140
26 years$12,017$9,050$6,720$4,929$3,579$965
27 years$11,448$8,517$6,240$4,512$3,227$818
28 years$10,921$8,026$5,801$4,134$2,911$693
29 years$10,431$7,571$5,398$3,791$2,629$587
30 years$9,974$7,150$5,028$3,479$2,375$498
31 years$9,548$6,760$4,688$3,195$2,148$422
32 years$9,149$6,396$4,374$2,936$1,943$358
33 years$8,775$6,057$4,084$2,700$1,758$304
34 years$8,424$5,741$3,816$2,484$1,592$258
35 years$8,094$5,445$3,567$2,287$1,442$219
36 years$7,782$5,168$3,337$2,106$1,306$185
37 years$7,489$4,908$3,123$1,941$1,184$157
38 years$7,211$4,665$2,925$1,789$1,073$134
39 years$6,948$4,436$2,740$1,649$973$113
40 years$6,699$4,220$2,569$1,521$883$96
41 years$6,463$4,017$2,408$1,404$801$82
42 years$6,238$3,826$2,259$1,295$727$69
43 years$6,025$3,645$2,120$1,196$660$59
44 years$5,822$3,475$1,990$1,104$599$50
45 years$5,628$3,314$1,869$1,020$544$42
46 years$5,444$3,161$1,755$942$493$36
47 years$5,268$3,017$1,649$870$448$31
48 years$5,099$2,880$1,549$804$407$26
49 years$4,938$2,750$1,456$743$370$22
50 years$4,784$2,627$1,369$687$336$19

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 $6,881 every year, while hoping to spend $25,320 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: 71/22/7 Blend
50$4,900,000$4,900,000$4,900,000$4,900,000
51$5,406,898$5,147,198$5,071,248$5,784,607
52$5,931,461$5,372,470$5,214,194$6,260,278
53$6,508,681$5,607,932$5,361,081$6,776,946
54$7,143,902$5,854,057$5,512,013$7,341,750
55$7,843,013$6,111,338$5,667,098$7,959,421
56$8,612,502$6,380,295$5,826,447$8,635,162
57$9,459,518$6,661,471$5,990,174$9,374,701
58$10,391,939$6,955,432$6,158,395$10,184,340
59$11,418,444$7,262,776$6,331,229$11,071,019
60$12,548,599$7,584,125$6,508,798$12,042,371
61$13,792,941$7,920,133$6,691,228$13,106,805
62$15,163,085$8,271,484$6,878,648$14,273,572
63$16,671,826$8,638,893$7,071,189$15,552,861
64$18,333,265$9,023,112$7,268,987$16,955,886
65$20,162,940$9,424,926$7,472,180$18,494,996
66$22,177,972$9,845,159$7,680,910$20,183,788
67$24,397,227$10,284,673$7,895,322$22,037,232
68$26,841,494$10,744,373$8,115,565$24,071,814
69$29,533,683$11,225,203$8,341,793$26,305,688
70$32,499,037$11,728,157$8,574,162$28,758,846
71$35,765,375$12,254,272$8,812,832$31,453,304
72$39,363,349$12,804,637$9,057,968$34,413,310
73$43,326,738$13,380,393$9,309,738$37,665,567
74$47,692,766$13,982,732$9,568,314$41,239,488
75$52,502,449$14,612,907$9,833,874$45,167,468
76$57,800,989$15,272,229$10,106,598$49,485,188
77$63,638,192$15,962,071$10,386,673$54,231,949
78$70,068,948$16,683,873$10,674,287$59,451,044
79$77,153,741$17,439,143$10,969,635$65,190,158
80$84,959,222$18,229,460$11,272,917$71,501,820
81$93,558,839$19,056,480$11,584,336$78,443,895
82$103,033,532$19,921,939$11,904,102$86,080,127
83$113,472,491$20,827,653$12,232,429$94,480,735
84$124,974,004$21,775,527$12,569,535$103,723,077
85$137,646,383$22,767,558$12,915,644$113,892,376
86$151,608,983$23,805,837$13,270,987$125,082,516
87$166,993,332$24,892,556$13,635,798$137,396,932
88$183,944,371$26,030,011$14,010,317$150,949,576
89$202,621,825$27,220,610$14,394,791$165,865,992
90$223,201,706$28,466,874$14,789,471$182,284,498
91$245,877,977$29,771,448$15,194,615$200,357,481
92$270,864,383$31,137,102$15,610,487$220,252,840
93$298,396,469$32,566,738$16,037,357$242,155,559
94$328,733,800$34,063,400$16,475,500$266,269,450
95$362,162,418$35,630,276$16,925,199$292,819,073
96$398,997,534$37,270,709$17,386,743$322,051,849
97$439,586,510$38,988,202$17,860,426$354,240,392
98$484,312,136$40,786,425$18,346,552$389,685,072
99$533,596,241$42,669,228$18,845,429$428,716,848
100$587,903,679$44,640,641$19,357,373$471,700,385