Can I retire at age 51 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$437,669$433,771$429,967$426,254$422,629$416,142
2 years$216,668$212,633$208,722$204,930$201,252$194,732
3 years$143,010$138,958$135,057$131,301$127,683$121,332
4 years$106,189$102,149$98,287$94,595$91,064$84,933
5 years$84,102$80,086$76,275$72,658$69,226$63,331
6 years$69,382$65,396$61,641$58,105$54,776$49,125
7 years$58,872$54,920$51,224$47,771$44,547$39,142
8 years$50,993$47,076$43,442$40,074$36,956$31,795
9 years$44,868$40,988$37,417$34,134$31,123$26,203
10 years$39,971$36,129$32,621$29,424$26,518$21,837
11 years$35,967$32,164$28,719$25,608$22,806$18,358
12 years$32,632$28,868$25,487$22,461$19,764$15,543
13 years$29,813$26,089$22,771$19,830$17,234$13,236
14 years$27,399$23,714$20,460$17,603$15,107$11,324
15 years$25,308$21,663$18,473$15,699$13,302$9,727
16 years$23,481$19,875$16,748$14,057$11,756$8,382
17 years$21,870$18,304$15,240$12,630$10,424$7,244
18 years$20,440$16,914$13,912$11,382$9,268$6,275
19 years$19,162$15,676$12,736$10,285$8,261$5,447
20 years$18,013$14,567$11,688$9,315$7,379$4,736
21 years$16,975$13,568$10,751$8,454$6,603$4,124
22 years$16,032$12,666$9,909$7,686$5,919$3,596
23 years$15,173$11,846$9,149$7,000$5,313$3,139
24 years$14,387$11,099$8,461$6,384$4,776$2,742
25 years$13,664$10,416$7,837$5,831$4,297$2,398
26 years$12,998$9,789$7,268$5,331$3,871$2,098
27 years$12,383$9,213$6,749$4,880$3,490$1,837
28 years$11,813$8,681$6,274$4,471$3,149$1,610
29 years$11,282$8,190$5,839$4,100$2,843$1,411
30 years$10,789$7,734$5,439$3,763$2,569$1,237
31 years$10,327$7,311$5,070$3,456$2,323$1,085
32 years$9,896$6,918$4,731$3,176$2,101$952
33 years$9,492$6,551$4,417$2,921$1,902$836
34 years$9,112$6,209$4,127$2,687$1,722$734
35 years$8,754$5,889$3,858$2,474$1,559$645
36 years$8,418$5,590$3,610$2,278$1,413$566
37 years$8,100$5,309$3,378$2,099$1,281$497
38 years$7,800$5,046$3,164$1,935$1,161$437
39 years$7,515$4,798$2,964$1,784$1,053$384
40 years$7,246$4,565$2,778$1,645$955$337
41 years$6,990$4,345$2,605$1,518$866$297
42 years$6,748$4,138$2,444$1,401$786$261
43 years$6,517$3,943$2,293$1,293$713$229
44 years$6,297$3,758$2,152$1,194$648$201
45 years$6,088$3,584$2,021$1,103$588$177
46 years$5,888$3,419$1,898$1,019$534$156
47 years$5,698$3,263$1,783$941$485$137
48 years$5,515$3,115$1,676$870$440$120
49 years$5,341$2,974$1,575$804$400$106
50 years$5,175$2,841$1,481$743$363$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $5,300,000, adding $6,845 every year, while hoping to spend $40,183 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: 59/16/25 Blend
50$5,300,000$5,300,000$5,300,000$5,300,000
51$5,847,661$5,566,761$5,484,611$6,152,904
52$6,401,368$5,796,777$5,625,591$6,591,751
53$7,010,206$6,036,718$5,769,947$7,065,278
54$7,679,757$6,287,027$5,917,750$7,580,913
55$8,416,168$6,548,168$6,069,071$8,142,750
56$9,226,216$6,820,627$6,223,983$8,755,295
57$10,117,364$7,104,912$6,382,561$9,423,505
58$11,097,837$7,401,554$6,544,878$10,152,835
59$12,176,695$7,711,109$6,711,011$10,949,292
60$13,363,924$8,034,159$6,881,035$11,819,483
61$14,670,524$8,371,313$7,055,030$12,770,684
62$16,108,617$8,723,207$7,233,072$13,810,902
63$17,691,559$9,090,507$7,415,243$14,948,956
64$19,434,066$9,473,910$7,601,623$16,194,550
65$21,352,355$9,874,146$7,792,292$17,558,373
66$23,464,295$10,291,978$7,987,332$19,052,190
67$25,789,573$10,728,205$8,186,828$20,688,959
68$28,349,885$11,183,663$8,390,862$22,482,948
69$31,169,137$11,659,226$8,599,520$24,449,868
70$34,273,670$12,155,810$8,812,885$26,607,023
71$37,692,513$12,674,372$9,031,045$28,973,469
72$41,457,649$13,215,917$9,254,085$31,570,192
73$45,604,326$13,781,493$9,482,093$34,420,307
74$50,171,380$14,372,199$9,715,156$37,549,273
75$55,201,609$14,989,185$9,953,362$40,985,132
76$60,742,173$15,633,655$10,196,800$44,758,772
77$66,845,040$16,306,869$10,445,558$48,904,216
78$73,567,474$17,010,147$10,699,725$53,458,940
79$80,972,581$17,744,868$10,959,390$58,464,230
80$89,129,897$18,512,480$11,224,642$63,965,562
81$98,116,050$19,314,495$11,495,571$70,013,035
82$108,015,480$20,152,498$11,772,266$76,661,841
83$118,921,237$21,028,148$12,054,815$83,972,780
84$130,935,859$21,943,183$12,343,307$92,012,834
85$144,172,339$22,899,421$12,637,830$100,855,799
86$158,755,192$23,898,768$12,938,472$110,582,973
87$174,821,630$24,943,216$13,245,319$121,283,927
88$192,522,858$26,034,855$13,558,458$133,057,344
89$212,025,497$27,175,870$13,877,975$146,011,947
90$233,513,163$28,368,553$14,203,952$160,267,526
91$257,188,194$29,615,301$14,536,473$175,956,061
92$283,273,564$30,918,625$14,875,619$193,222,969
93$312,014,985$32,281,155$15,221,470$212,228,468
94$343,683,228$33,705,646$15,574,103$233,149,092
95$378,576,677$35,194,983$15,933,596$256,179,347
96$417,024,148$36,752,186$16,300,021$281,533,550
97$459,387,989$38,380,421$16,673,450$309,447,843
98$506,067,504$40,083,002$17,053,950$340,182,418
99$557,502,721$41,863,401$17,441,589$374,023,975
100$614,178,545$43,725,254$17,836,428$411,288,413