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

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 $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%15.3%
1 years$412,895$409,217$405,629$402,127$398,707$390,019
2 years$204,404$200,597$196,907$193,330$189,860$181,152
3 years$134,915$131,092$127,412$123,869$120,455$111,997
4 years$100,178$96,367$92,723$89,240$85,910$77,767
5 years$79,341$75,553$71,957$68,545$65,307$57,503
6 years$65,455$61,694$58,152$54,816$51,675$44,219
7 years$55,539$51,811$48,325$45,067$42,026$34,917
8 years$48,106$44,411$40,983$37,806$34,865$28,102
9 years$42,328$38,668$35,299$32,202$29,361$22,939
10 years$37,708$34,084$30,774$27,759$25,017$18,930
11 years$33,931$30,343$27,093$24,158$21,515$15,755
12 years$30,785$27,234$24,044$21,190$18,645$13,202
13 years$28,126$24,612$21,482$18,708$16,259$11,123
14 years$25,848$22,371$19,302$16,607$14,252$9,414
15 years$23,876$20,437$17,427$14,810$12,549$7,998
16 years$22,152$18,750$15,800$13,261$11,091$6,815
17 years$20,632$17,268$14,377$11,915$9,834$5,823
18 years$19,283$15,957$13,125$10,738$8,744$4,985
19 years$18,077$14,789$12,015$9,702$7,793$4,276
20 years$16,993$13,742$11,027$8,787$6,961$3,674
21 years$16,014$12,800$10,143$7,975$6,230$3,161
22 years$15,125$11,949$9,348$7,251$5,584$2,722
23 years$14,314$11,175$8,631$6,604$5,012$2,347
24 years$13,572$10,471$7,982$6,023$4,505$2,025
25 years$12,891$9,826$7,393$5,501$4,054$1,748
26 years$12,263$9,235$6,857$5,029$3,652$1,510
27 years$11,682$8,691$6,367$4,604$3,292$1,306
28 years$11,144$8,190$5,919$4,218$2,971$1,129
29 years$10,644$7,726$5,508$3,868$2,683$977
30 years$10,178$7,296$5,131$3,550$2,424$845
31 years$9,743$6,898$4,783$3,260$2,191$732
32 years$9,336$6,526$4,463$2,996$1,982$634
33 years$8,954$6,181$4,167$2,755$1,794$549
34 years$8,596$5,858$3,893$2,535$1,624$475
35 years$8,259$5,556$3,640$2,334$1,471$412
36 years$7,941$5,274$3,405$2,149$1,333$357
37 years$7,641$5,009$3,187$1,980$1,208$309
38 years$7,358$4,760$2,985$1,825$1,095$268
39 years$7,090$4,526$2,796$1,683$993$232
40 years$6,836$4,306$2,621$1,552$901$201
41 years$6,595$4,099$2,458$1,432$817$175
42 years$6,366$3,904$2,305$1,322$742$151
43 years$6,148$3,720$2,163$1,220$673$131
44 years$5,941$3,546$2,031$1,127$611$114
45 years$5,743$3,381$1,907$1,040$555$99
46 years$5,555$3,225$1,791$961$504$86
47 years$5,375$3,078$1,682$888$457$74
48 years$5,203$2,938$1,581$820$415$64
49 years$5,039$2,806$1,486$758$377$56
50 years$4,882$2,680$1,397$701$343$48

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 $5,566 every year, while hoping to spend $54,962 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: 55/19/26 Blend
50$5,000,000$5,000,000$5,000,000$5,000,000
51$5,515,741$5,250,741$5,173,241$5,779,292
52$6,019,868$5,449,549$5,288,066$6,160,082
53$6,573,573$5,656,255$5,404,895$6,568,411
54$7,181,856$5,871,190$5,523,737$7,012,005
55$7,850,224$6,094,697$5,644,601$7,494,273
56$8,584,744$6,327,134$5,767,492$8,018,964
57$9,392,099$6,568,876$5,892,415$8,590,206
58$10,279,654$6,820,311$6,019,371$9,212,541
59$11,255,520$7,081,848$6,148,362$9,890,966
60$12,328,636$7,353,911$6,279,385$10,630,983
61$13,508,849$7,636,945$6,412,436$11,438,649
62$14,807,009$7,931,412$6,547,510$12,320,630
63$16,235,069$8,237,796$6,684,596$13,284,265
64$17,806,200$8,556,602$6,823,684$14,337,635
65$19,534,913$8,888,357$6,964,759$15,489,637
66$21,437,199$9,233,611$7,107,803$16,750,066
67$23,530,674$9,592,939$7,252,795$18,129,711
68$25,834,750$9,966,940$7,399,711$19,640,449
69$28,370,817$10,356,242$7,548,523$21,295,362
70$31,162,441$10,761,499$7,699,200$23,108,857
71$34,235,591$11,183,394$7,851,704$25,096,799
72$37,618,883$11,622,641$8,005,997$27,276,665
73$41,343,844$12,079,986$8,162,034$29,667,700
74$45,445,219$12,556,208$8,319,765$32,291,104
75$49,961,289$13,052,120$8,479,135$35,170,229
76$54,934,239$13,568,573$8,640,084$38,330,796
77$60,410,553$14,106,454$8,802,548$41,801,138
78$66,441,450$14,666,691$8,966,455$45,612,465
79$73,083,374$15,250,254$9,131,726$49,799,161
80$80,398,517$15,858,156$9,298,279$54,399,100
81$88,455,416$16,491,456$9,466,021$59,454,009
82$97,329,590$17,151,259$9,634,854$65,009,854
83$107,104,259$17,838,721$9,804,673$71,117,277
84$117,871,126$18,555,051$9,975,362$77,832,070
85$129,731,244$19,301,512$10,146,800$85,215,700
86$142,795,968$20,079,423$10,318,855$93,335,888
87$157,188,006$20,890,164$10,491,386$102,267,243
88$173,042,578$21,735,178$10,664,242$112,091,971
89$190,508,690$22,615,970$10,837,263$122,900,642
90$209,750,542$23,534,119$11,010,277$134,793,046
91$230,949,077$24,491,270$11,183,101$147,879,131
92$254,303,688$25,489,147$11,355,540$162,280,041
93$280,034,100$26,529,552$11,527,387$178,129,256
94$308,382,444$27,614,366$11,698,421$195,573,847
95$339,615,543$28,745,559$11,868,407$214,775,866
96$374,027,428$29,925,191$12,037,098$235,913,868
97$411,942,114$31,155,414$12,204,230$259,184,600
98$453,716,661$32,438,481$12,369,523$284,804,848
99$499,744,540$33,776,746$12,532,681$313,013,486
100$550,459,350$35,172,673$12,693,392$344,073,726