Can I retire at age 51 with 5,100,000?

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 $5,100,000?

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$421,153$417,402$413,742$410,169$406,681$397,820
2 years$208,492$204,609$200,846$197,197$193,658$184,775
3 years$137,614$133,714$129,960$126,346$122,864$114,237
4 years$102,182$98,294$94,578$91,025$87,628$79,323
5 years$80,928$77,064$73,396$69,916$66,613$58,653
6 years$66,764$62,928$59,315$55,912$52,709$45,103
7 years$56,650$52,847$49,291$45,969$42,866$35,616
8 years$49,068$45,300$41,803$38,562$35,562$28,664
9 years$43,175$39,442$36,005$32,846$29,948$23,398
10 years$38,462$34,766$31,390$28,314$25,517$19,308
11 years$34,610$30,950$27,635$24,641$21,946$16,070
12 years$31,401$27,779$24,525$21,614$19,018$13,466
13 years$28,688$25,104$21,912$19,082$16,584$11,346
14 years$26,365$22,819$19,688$16,939$14,537$9,603
15 years$24,353$20,846$17,775$15,106$12,800$8,158
16 years$22,595$19,125$16,116$13,526$11,312$6,951
17 years$21,045$17,614$14,665$12,153$10,030$5,939
18 years$19,669$16,276$13,387$10,952$8,919$5,085
19 years$18,439$15,084$12,255$9,896$7,949$4,362
20 years$17,333$14,017$11,247$8,963$7,101$3,747
21 years$16,334$13,056$10,345$8,135$6,354$3,224
22 years$15,427$12,188$9,535$7,396$5,696$2,777
23 years$14,601$11,399$8,804$6,736$5,113$2,394
24 years$13,844$10,680$8,142$6,144$4,595$2,065
25 years$13,149$10,023$7,541$5,611$4,135$1,783
26 years$12,508$9,420$6,994$5,130$3,725$1,541
27 years$11,916$8,865$6,495$4,696$3,358$1,332
28 years$11,367$8,353$6,038$4,302$3,030$1,152
29 years$10,857$7,881$5,618$3,945$2,736$996
30 years$10,381$7,442$5,233$3,621$2,472$862
31 years$9,938$7,035$4,879$3,325$2,235$746
32 years$9,523$6,657$4,552$3,056$2,022$646
33 years$9,133$6,304$4,250$2,810$1,830$560
34 years$8,768$5,975$3,971$2,586$1,657$485
35 years$8,424$5,667$3,713$2,380$1,501$420
36 years$8,100$5,379$3,473$2,192$1,360$364
37 years$7,794$5,109$3,251$2,020$1,232$315
38 years$7,505$4,855$3,044$1,862$1,117$273
39 years$7,232$4,617$2,852$1,717$1,013$237
40 years$6,973$4,393$2,673$1,583$919$205
41 years$6,727$4,181$2,507$1,461$834$178
42 years$6,493$3,982$2,351$1,348$756$154
43 years$6,271$3,794$2,207$1,245$686$134
44 years$6,060$3,617$2,071$1,149$623$116
45 years$5,858$3,449$1,945$1,061$566$101
46 years$5,666$3,290$1,827$980$514$87
47 years$5,483$3,140$1,716$906$466$76
48 years$5,307$2,997$1,613$837$424$66
49 years$5,140$2,862$1,516$773$385$57
50 years$4,979$2,734$1,425$715$349$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $5,100,000, adding $2,222 every year, while hoping to spend $34,375 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: 74/5/21 Blend
50$5,100,000$5,100,000$5,100,000$5,100,000
51$5,622,492$5,352,192$5,273,142$6,010,014
52$6,159,411$5,577,875$5,413,218$6,493,402
53$6,749,945$5,813,464$5,556,833$7,018,594
54$7,399,524$6,059,408$5,704,072$7,593,269
55$8,114,134$6,316,178$5,855,018$8,222,352
56$8,900,370$6,584,265$6,009,755$8,911,264
57$9,765,498$6,864,185$6,168,372$9,665,976
58$10,717,524$7,156,474$6,330,957$10,493,066
59$11,765,268$7,461,699$6,497,602$11,399,775
60$12,918,451$7,780,448$6,668,397$12,394,082
61$14,187,783$8,113,339$6,843,437$13,484,771
62$15,585,063$8,461,019$7,022,819$14,681,522
63$17,123,294$8,824,163$7,206,638$15,994,995
64$18,816,805$9,203,482$7,394,995$17,436,932
65$20,681,382$9,599,716$7,587,990$19,020,268
66$22,734,421$10,013,640$7,785,727$20,759,254
67$24,995,092$10,446,069$7,988,309$22,669,585
68$27,484,518$10,897,852$8,195,843$24,768,556
69$30,225,972$11,369,880$8,408,437$27,075,216
70$33,245,102$11,863,086$8,626,201$29,610,553
71$36,570,171$12,378,445$8,849,247$32,397,690
72$40,232,319$12,916,980$9,077,687$35,462,101
73$44,265,864$13,479,761$9,311,639$38,831,852
74$48,708,622$14,067,908$9,551,218$42,537,865
75$53,602,261$14,682,595$9,796,543$46,614,208
76$58,992,700$15,325,051$10,047,736$51,098,418
77$64,930,538$15,996,561$10,304,918$56,031,851
78$71,471,535$16,698,475$10,568,215$61,460,075
79$78,677,133$17,432,201$10,837,751$67,433,298
80$86,615,040$18,199,218$11,113,655$74,006,839
81$95,359,868$19,001,074$11,396,057$81,241,653
82$104,993,836$19,839,389$11,685,087$89,204,902
83$115,607,548$20,715,859$11,980,878$97,970,588
84$127,300,846$21,632,264$12,283,564$107,620,253
85$140,183,751$22,590,464$12,593,283$118,243,746
86$154,377,507$23,592,410$12,910,171$129,940,070
87$170,015,718$24,640,144$13,234,368$142,818,316
88$187,245,616$25,735,806$13,566,014$156,998,689
89$206,229,445$26,881,636$13,905,252$172,613,646
90$227,145,995$28,079,983$14,252,224$189,809,141
91$250,192,289$29,333,305$14,607,076$208,746,003
92$275,585,444$30,644,177$14,969,954$229,601,453
93$303,564,716$32,015,299$15,341,005$252,570,775
94$334,393,766$33,449,498$15,720,377$277,869,158
95$368,363,140$34,949,733$16,108,219$305,733,726
96$405,793,018$36,519,108$16,504,683$336,425,775
97$447,036,235$38,160,873$16,909,918$370,233,237
98$492,481,607$39,878,432$17,324,077$407,473,398
99$542,557,610$41,675,354$17,747,313$448,495,890
100$597,736,416$43,555,376$18,179,777$493,685,990