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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.5%
1 years$404,637$401,033$397,517$394,084$390,733$383,471
2 years$200,316$196,585$192,969$189,464$186,063$178,775
3 years$132,217$128,470$124,864$121,391$118,046$110,957
4 years$98,175$94,439$90,869$87,456$84,192$77,357
5 years$77,754$74,042$70,518$67,174$64,001$57,441
6 years$64,145$60,461$56,989$53,720$50,642$44,363
7 years$54,429$50,775$47,358$44,166$41,185$35,190
8 years$47,144$43,523$40,163$37,050$34,167$28,453
9 years$41,482$37,895$34,593$31,558$28,774$23,337
10 years$36,954$33,402$30,159$27,203$24,517$19,353
11 years$33,252$29,736$26,551$23,675$21,085$16,189
12 years$30,170$26,690$23,564$20,766$18,272$13,636
13 years$27,563$24,120$21,053$18,334$15,934$11,550
14 years$25,331$21,924$18,916$16,274$13,967$9,829
15 years$23,398$20,028$17,078$14,514$12,298$8,396
16 years$21,709$18,375$15,484$12,996$10,869$7,196
17 years$20,220$16,923$14,090$11,676$9,637$6,183
18 years$18,897$15,638$12,862$10,523$8,569$5,325
19 years$17,716$14,493$11,775$9,508$7,638$4,595
20 years$16,654$13,467$10,806$8,612$6,822$3,971
21 years$15,694$12,544$9,940$7,816$6,105$3,437
22 years$14,822$11,710$9,161$7,106$5,472$2,979
23 years$14,028$10,952$8,459$6,472$4,912$2,584
24 years$13,301$10,261$7,823$5,903$4,415$2,244
25 years$12,633$9,630$7,245$5,391$3,973$1,950
26 years$12,017$9,050$6,720$4,929$3,579$1,695
27 years$11,448$8,517$6,240$4,512$3,227$1,475
28 years$10,921$8,026$5,801$4,134$2,911$1,284
29 years$10,431$7,571$5,398$3,791$2,629$1,118
30 years$9,974$7,150$5,028$3,479$2,375$974
31 years$9,548$6,760$4,688$3,195$2,148$849
32 years$9,149$6,396$4,374$2,936$1,943$740
33 years$8,775$6,057$4,084$2,700$1,758$645
34 years$8,424$5,741$3,816$2,484$1,592$562
35 years$8,094$5,445$3,567$2,287$1,442$491
36 years$7,782$5,168$3,337$2,106$1,306$428
37 years$7,489$4,908$3,123$1,941$1,184$373
38 years$7,211$4,665$2,925$1,789$1,073$326
39 years$6,948$4,436$2,740$1,649$973$284
40 years$6,699$4,220$2,569$1,521$883$248
41 years$6,463$4,017$2,408$1,404$801$217
42 years$6,238$3,826$2,259$1,295$727$189
43 years$6,025$3,645$2,120$1,196$660$165
44 years$5,822$3,475$1,990$1,104$599$144
45 years$5,628$3,314$1,869$1,020$544$126
46 years$5,444$3,161$1,755$942$493$110
47 years$5,268$3,017$1,649$870$448$96
48 years$5,099$2,880$1,549$804$407$84
49 years$4,938$2,750$1,456$743$370$73
50 years$4,784$2,627$1,369$687$336$64

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 $2,704 every year, while hoping to spend $56,179 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: 45/29/26 Blend
50$4,900,000$4,900,000$4,900,000$4,900,000
51$5,402,589$5,142,889$5,066,939$5,605,008
52$5,893,879$5,335,117$5,176,908$5,940,971
53$6,433,398$5,534,881$5,288,677$6,299,452
54$7,026,006$5,742,491$5,402,249$6,687,134
55$7,677,056$5,958,270$5,517,622$7,106,772
56$8,392,446$6,182,556$5,634,793$7,561,392
57$9,178,675$6,415,701$5,753,758$8,054,322
58$10,042,901$6,658,071$5,874,510$8,589,221
59$10,993,010$6,910,050$5,997,039$9,170,115
60$12,037,690$7,172,035$6,121,333$9,801,431
61$13,186,515$7,444,445$6,247,378$10,488,038
62$14,450,030$7,727,714$6,375,156$11,235,296
63$15,839,857$8,022,296$6,504,647$12,049,098
64$17,368,798$8,328,664$6,635,828$12,935,931
65$19,050,959$8,647,312$6,768,672$13,902,935
66$20,901,882$8,978,755$6,903,148$14,957,966
67$22,938,693$9,323,533$7,039,222$16,109,669
68$25,180,260$9,682,207$7,176,857$17,367,565
69$27,647,374$10,055,363$7,316,009$18,742,129
70$30,362,944$10,443,614$7,456,634$20,244,897
71$33,352,212$10,847,598$7,598,678$21,888,566
72$36,642,991$11,267,984$7,742,087$23,687,118
73$40,265,928$11,705,467$7,886,799$25,655,946
74$44,254,793$12,160,776$8,032,747$27,812,000
75$48,646,798$12,634,669$8,179,860$30,173,945
76$53,482,944$13,127,941$8,328,058$32,762,335
77$58,808,414$13,641,419$8,477,257$35,599,805
78$64,672,993$14,175,970$8,627,367$38,711,282
79$71,131,542$14,732,496$8,778,287$42,124,222
80$78,244,513$15,311,942$8,929,914$45,868,860
81$86,078,520$15,915,294$9,082,132$49,978,501
82$94,706,967$16,543,582$9,234,822$54,489,828
83$104,210,742$17,197,881$9,387,853$59,443,244
84$114,678,978$17,879,317$9,541,085$64,883,255
85$126,209,893$18,589,064$9,694,372$70,858,887
86$138,911,722$19,328,348$9,847,553$77,424,144
87$152,903,733$20,098,452$10,000,461$84,638,516
88$168,317,354$20,900,717$10,152,917$92,567,537
89$185,297,414$21,736,541$10,304,730$101,283,404
90$204,003,508$22,607,390$10,455,696$110,865,652
91$224,611,506$23,514,791$10,605,601$121,401,900
92$247,315,207$24,460,344$10,754,217$132,988,681
93$272,328,176$25,445,719$10,901,301$145,732,344
94$299,885,753$26,472,661$11,046,597$159,750,057
95$330,247,275$27,542,998$11,189,834$175,170,909
96$363,698,528$28,658,635$11,330,724$192,137,124
97$400,554,439$29,821,569$11,468,964$210,805,400
98$441,162,050$31,033,885$11,604,233$231,348,384
99$485,903,796$32,297,762$11,736,192$253,956,298
100$535,201,111$33,615,481$11,864,482$278,838,730