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%16%
1 years$404,637$401,033$397,517$394,084$390,733$381,132
2 years$200,316$196,585$192,969$189,464$186,063$176,450
3 years$132,217$128,470$124,864$121,391$118,046$108,721
4 years$98,175$94,439$90,869$87,456$84,192$75,226
5 years$77,754$74,042$70,518$67,174$64,001$55,420
6 years$64,145$60,461$56,989$53,720$50,642$42,454
7 years$54,429$50,775$47,358$44,166$41,185$33,392
8 years$47,144$43,523$40,163$37,050$34,167$26,765
9 years$41,482$37,895$34,593$31,558$28,774$21,756
10 years$36,954$33,402$30,159$27,203$24,517$17,876
11 years$33,252$29,736$26,551$23,675$21,085$14,811
12 years$30,170$26,690$23,564$20,766$18,272$12,354
13 years$27,563$24,120$21,053$18,334$15,934$10,361
14 years$25,331$21,924$18,916$16,274$13,967$8,727
15 years$23,398$20,028$17,078$14,514$12,298$7,378
16 years$21,709$18,375$15,484$12,996$10,869$6,256
17 years$20,220$16,923$14,090$11,676$9,637$5,318
18 years$18,897$15,638$12,862$10,523$8,569$4,530
19 years$17,716$14,493$11,775$9,508$7,638$3,865
20 years$16,654$13,467$10,806$8,612$6,822$3,303
21 years$15,694$12,544$9,940$7,816$6,105$2,827
22 years$14,822$11,710$9,161$7,106$5,472$2,421
23 years$14,028$10,952$8,459$6,472$4,912$2,076
24 years$13,301$10,261$7,823$5,903$4,415$1,781
25 years$12,633$9,630$7,245$5,391$3,973$1,529
26 years$12,017$9,050$6,720$4,929$3,579$1,314
27 years$11,448$8,517$6,240$4,512$3,227$1,129
28 years$10,921$8,026$5,801$4,134$2,911$971
29 years$10,431$7,571$5,398$3,791$2,629$835
30 years$9,974$7,150$5,028$3,479$2,375$719
31 years$9,548$6,760$4,688$3,195$2,148$619
32 years$9,149$6,396$4,374$2,936$1,943$532
33 years$8,775$6,057$4,084$2,700$1,758$458
34 years$8,424$5,741$3,816$2,484$1,592$395
35 years$8,094$5,445$3,567$2,287$1,442$340
36 years$7,782$5,168$3,337$2,106$1,306$293
37 years$7,489$4,908$3,123$1,941$1,184$252
38 years$7,211$4,665$2,925$1,789$1,073$217
39 years$6,948$4,436$2,740$1,649$973$187
40 years$6,699$4,220$2,569$1,521$883$161
41 years$6,463$4,017$2,408$1,404$801$139
42 years$6,238$3,826$2,259$1,295$727$120
43 years$6,025$3,645$2,120$1,196$660$103
44 years$5,822$3,475$1,990$1,104$599$89
45 years$5,628$3,314$1,869$1,020$544$77
46 years$5,444$3,161$1,755$942$493$66
47 years$5,268$3,017$1,649$870$448$57
48 years$5,099$2,880$1,549$804$407$49
49 years$4,938$2,750$1,456$743$370$42
50 years$4,784$2,627$1,369$687$336$37

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 $5,860 every year, while hoping to spend $28,692 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: 79/8/13 Blend
50$4,900,000$4,900,000$4,900,000$4,900,000
51$5,405,845$5,146,145$5,070,195$5,818,754
52$5,926,713$5,367,778$5,209,518$6,312,779
53$6,499,748$5,599,309$5,352,547$6,850,384
54$7,130,240$5,841,194$5,499,376$7,439,392
55$7,824,020$6,093,907$5,650,100$8,084,932
56$8,587,510$6,357,948$5,804,818$8,792,651
57$9,427,787$6,633,839$5,963,631$9,568,766
58$10,352,650$6,922,125$6,126,641$10,420,127
59$11,370,690$7,223,379$6,293,953$11,354,275
60$12,491,375$7,538,200$6,465,676$12,379,519
61$13,725,138$7,867,215$6,641,919$13,505,008
62$15,083,474$8,211,080$6,822,794$14,740,820
63$16,579,048$8,570,483$7,008,418$16,098,054
64$18,225,818$8,946,144$7,198,907$17,588,938
65$20,039,164$9,338,817$7,394,383$19,226,941
66$22,036,032$9,749,292$7,594,968$21,026,899
67$24,235,096$10,178,396$7,800,788$23,005,155
68$26,656,933$10,626,995$8,011,972$25,179,714
69$29,324,218$11,095,996$8,228,651$27,570,410
70$32,261,937$11,586,348$8,450,959$30,199,093
71$35,497,623$12,099,047$8,679,035$33,089,834
72$39,061,615$12,635,135$8,913,017$36,269,153
73$42,987,346$13,195,703$9,153,049$39,766,268
74$47,311,657$13,781,895$9,399,278$43,613,366
75$52,075,146$14,394,907$9,651,854$47,845,912
76$57,322,548$15,035,995$9,910,928$52,502,977
77$63,103,160$15,706,471$10,176,657$57,627,611
78$69,471,307$16,407,713$10,449,199$63,267,244
79$76,486,852$17,141,162$10,728,718$69,474,133
80$84,215,760$17,908,328$11,015,380$76,305,859
81$92,730,725$18,710,793$11,309,353$83,825,860
82$102,111,852$19,550,216$11,610,810$92,104,039
83$112,447,417$20,428,332$11,919,927$101,217,414
84$123,834,694$21,346,960$12,236,885$111,250,849
85$136,380,878$22,308,007$12,561,867$122,297,851
86$150,204,098$23,313,470$12,895,059$134,461,452
87$165,434,525$24,365,439$13,236,653$147,855,179
88$182,215,609$25,466,108$13,586,843$162,604,126
89$200,705,427$26,617,773$13,945,828$178,846,131
90$221,078,176$27,822,839$14,313,809$196,733,078
91$243,525,821$29,083,829$14,690,992$216,432,325
92$268,259,902$30,403,385$15,077,588$238,128,286
93$295,513,535$31,784,273$15,473,810$262,024,167
94$325,543,608$33,229,395$15,879,875$288,343,885
95$358,633,211$34,741,791$16,296,006$317,334,176
96$395,094,305$36,324,645$16,722,429$349,266,924
97$435,270,666$37,981,295$17,159,372$384,441,726
98$479,541,134$39,715,237$17,607,071$423,188,718
99$528,323,184$41,530,139$18,065,762$465,871,685
100$582,076,872$43,429,839$18,535,689$512,891,498