Can I retire at age 51 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$412,895$409,217$405,629$402,127$398,707$387,967
2 years$204,404$200,597$196,907$193,330$189,860$179,117
3 years$134,915$131,092$127,412$123,869$120,455$110,044
4 years$100,178$96,367$92,723$89,240$85,910$75,911
5 years$79,341$75,553$71,957$68,545$65,307$55,749
6 years$65,455$61,694$58,152$54,816$51,675$42,566
7 years$55,539$51,811$48,325$45,067$42,026$33,367
8 years$48,106$44,411$40,983$37,806$34,865$26,651
9 years$42,328$38,668$35,299$32,202$29,361$21,585
10 years$37,708$34,084$30,774$27,759$25,017$17,669
11 years$33,931$30,343$27,093$24,158$21,515$14,584
12 years$30,785$27,234$24,044$21,190$18,645$12,117
13 years$28,126$24,612$21,482$18,708$16,259$10,121
14 years$25,848$22,371$19,302$16,607$14,252$8,490
15 years$23,876$20,437$17,427$14,810$12,549$7,147
16 years$22,152$18,750$15,800$13,261$11,091$6,034
17 years$20,632$17,268$14,377$11,915$9,834$5,107
18 years$19,283$15,957$13,125$10,738$8,744$4,331
19 years$18,077$14,789$12,015$9,702$7,793$3,679
20 years$16,993$13,742$11,027$8,787$6,961$3,130
21 years$16,014$12,800$10,143$7,975$6,230$2,666
22 years$15,125$11,949$9,348$7,251$5,584$2,273
23 years$14,314$11,175$8,631$6,604$5,012$1,940
24 years$13,572$10,471$7,982$6,023$4,505$1,656
25 years$12,891$9,826$7,393$5,501$4,054$1,415
26 years$12,263$9,235$6,857$5,029$3,652$1,210
27 years$11,682$8,691$6,367$4,604$3,292$1,035
28 years$11,144$8,190$5,919$4,218$2,971$886
29 years$10,644$7,726$5,508$3,868$2,683$758
30 years$10,178$7,296$5,131$3,550$2,424$649
31 years$9,743$6,898$4,783$3,260$2,191$556
32 years$9,336$6,526$4,463$2,996$1,982$476
33 years$8,954$6,181$4,167$2,755$1,794$408
34 years$8,596$5,858$3,893$2,535$1,624$350
35 years$8,259$5,556$3,640$2,334$1,471$300
36 years$7,941$5,274$3,405$2,149$1,333$257
37 years$7,641$5,009$3,187$1,980$1,208$220
38 years$7,358$4,760$2,985$1,825$1,095$189
39 years$7,090$4,526$2,796$1,683$993$162
40 years$6,836$4,306$2,621$1,552$901$139
41 years$6,595$4,099$2,458$1,432$817$119
42 years$6,366$3,904$2,305$1,322$742$102
43 years$6,148$3,720$2,163$1,220$673$87
44 years$5,941$3,546$2,031$1,127$611$75
45 years$5,743$3,381$1,907$1,040$555$64
46 years$5,555$3,225$1,791$961$504$55
47 years$5,375$3,078$1,682$888$457$47
48 years$5,203$2,938$1,581$820$415$41
49 years$5,039$2,806$1,486$758$377$35
50 years$4,882$2,680$1,397$701$343$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $5,000,000, adding $3,391 every year, while hoping to spend $38,428 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: 38/35/27 Blend
50$5,000,000$5,000,000$5,000,000$5,000,000
51$5,513,498$5,248,498$5,170,998$5,678,532
52$6,034,987$5,464,787$5,303,339$6,016,134
53$6,608,381$5,690,387$5,438,826$6,376,968
54$7,238,933$5,925,712$5,577,523$6,766,206
55$7,932,430$6,171,198$5,719,496$7,186,451
56$8,695,250$6,427,299$5,864,812$7,640,559
57$9,534,420$6,694,491$6,013,538$8,131,665
58$10,457,681$6,973,272$6,165,742$8,663,214
59$11,473,564$7,264,162$6,321,493$9,238,987
60$12,591,467$7,567,704$6,480,862$9,863,141
61$13,821,745$7,884,470$6,643,919$10,540,240
62$15,175,808$8,215,055$6,810,736$11,275,302
63$16,666,230$8,560,082$6,981,385$12,073,841
64$18,306,863$8,920,204$7,155,940$12,941,917
65$20,112,973$9,296,103$7,334,473$13,886,195
66$22,101,377$9,688,494$7,517,059$14,914,001
67$24,290,611$10,098,123$7,703,774$16,033,391
68$26,701,096$10,525,774$7,894,693$17,253,226
69$29,355,335$10,972,264$8,089,892$18,583,251
70$32,278,124$11,438,450$8,289,449$20,034,185
71$35,496,787$11,925,228$8,493,440$21,617,822
72$39,041,432$12,433,537$8,701,942$23,347,135
73$42,945,236$12,964,358$8,915,035$25,236,401
74$47,244,757$13,518,719$9,132,796$27,301,328
75$51,980,282$14,097,695$9,355,304$29,559,202
76$57,196,201$14,702,413$9,582,637$32,029,050
77$62,941,433$15,334,051$9,814,875$34,731,810
78$69,269,882$15,993,842$10,052,097$37,690,531
79$76,240,949$16,683,079$10,294,380$40,930,583
80$83,920,088$17,403,113$10,541,805$44,479,896
81$92,379,431$18,155,359$10,794,449$48,369,216
82$101,698,461$18,941,299$11,052,390$52,632,394
83$111,964,765$19,762,484$11,315,707$57,306,699
84$123,274,865$20,620,539$11,584,477$62,433,169
85$135,735,120$21,517,165$11,858,776$68,056,988
86$149,462,737$22,454,140$12,138,679$74,227,914
87$164,586,873$23,433,331$12,424,262$81,000,738
88$181,249,858$24,456,688$12,715,599$88,435,799
89$199,608,534$25,526,256$13,012,762$96,599,548
90$219,835,738$26,644,176$13,315,823$105,565,167
91$242,121,931$27,812,688$13,624,851$115,413,257
92$266,676,999$29,034,140$13,939,914$126,232,590
93$293,732,230$30,310,991$14,261,078$138,120,943
94$323,542,501$31,645,813$14,588,409$151,186,011
95$356,388,682$33,041,304$14,921,966$165,546,417
96$392,580,286$34,500,286$15,261,811$181,332,828
97$432,458,393$36,025,718$15,607,998$198,689,176
98$476,398,866$37,620,695$15,960,584$217,774,009
99$524,815,904$39,288,462$16,319,616$238,761,983
100$578,165,946$41,032,417$16,685,144$261,845,498