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

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$437,669$433,771$429,967$426,254$422,629$407,959
2 years$216,668$212,633$208,722$204,930$201,252$186,623
3 years$143,010$138,958$135,057$131,301$127,683$113,555
4 years$106,189$102,149$98,287$94,595$91,064$77,547
5 years$84,102$80,086$76,275$72,658$69,226$56,353
6 years$69,382$65,396$61,641$58,105$54,776$42,558
7 years$58,872$54,920$51,224$47,771$44,547$32,983
8 years$50,993$47,076$43,442$40,074$36,956$26,035
9 years$44,868$40,988$37,417$34,134$31,123$20,831
10 years$39,971$36,129$32,621$29,424$26,518$16,839
11 years$35,967$32,164$28,719$25,608$22,806$13,721
12 years$32,632$28,868$25,487$22,461$19,764$11,250
13 years$29,813$26,089$22,771$19,830$17,234$9,270
14 years$27,399$23,714$20,460$17,603$15,107$7,669
15 years$25,308$21,663$18,473$15,699$13,302$6,366
16 years$23,481$19,875$16,748$14,057$11,756$5,298
17 years$21,870$18,304$15,240$12,630$10,424$4,418
18 years$20,440$16,914$13,912$11,382$9,268$3,692
19 years$19,162$15,676$12,736$10,285$8,261$3,089
20 years$18,013$14,567$11,688$9,315$7,379$2,588
21 years$16,975$13,568$10,751$8,454$6,603$2,171
22 years$16,032$12,666$9,909$7,686$5,919$1,822
23 years$15,173$11,846$9,149$7,000$5,313$1,531
24 years$14,387$11,099$8,461$6,384$4,776$1,286
25 years$13,664$10,416$7,837$5,831$4,297$1,082
26 years$12,998$9,789$7,268$5,331$3,871$910
27 years$12,383$9,213$6,749$4,880$3,490$766
28 years$11,813$8,681$6,274$4,471$3,149$645
29 years$11,282$8,190$5,839$4,100$2,843$543
30 years$10,789$7,734$5,439$3,763$2,569$457
31 years$10,327$7,311$5,070$3,456$2,323$385
32 years$9,896$6,918$4,731$3,176$2,101$325
33 years$9,492$6,551$4,417$2,921$1,902$273
34 years$9,112$6,209$4,127$2,687$1,722$230
35 years$8,754$5,889$3,858$2,474$1,559$194
36 years$8,418$5,590$3,610$2,278$1,413$164
37 years$8,100$5,309$3,378$2,099$1,281$138
38 years$7,800$5,046$3,164$1,935$1,161$116
39 years$7,515$4,798$2,964$1,784$1,053$98
40 years$7,246$4,565$2,778$1,645$955$83
41 years$6,990$4,345$2,605$1,518$866$70
42 years$6,748$4,138$2,444$1,401$786$59
43 years$6,517$3,943$2,293$1,293$713$50
44 years$6,297$3,758$2,152$1,194$648$42
45 years$6,088$3,584$2,021$1,103$588$35
46 years$5,888$3,419$1,898$1,019$534$30
47 years$5,698$3,263$1,783$941$485$25
48 years$5,515$3,115$1,676$870$440$21
49 years$5,341$2,974$1,575$804$400$18
50 years$5,175$2,841$1,481$743$363$15

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 $2,288 every year, while hoping to spend $28,702 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: 29/45/26 Blend
50$5,300,000$5,300,000$5,300,000$5,300,000
51$5,842,960$5,562,060$5,479,910$5,965,228
52$6,408,403$5,804,062$5,632,948$6,303,277
53$7,030,560$6,056,961$5,790,151$6,663,787
54$7,715,184$6,321,259$5,951,629$7,050,791
55$8,468,616$6,597,484$6,117,492$7,466,596
56$9,297,843$6,886,188$6,287,855$7,913,726
57$10,210,561$7,187,950$6,462,837$8,394,944
58$11,215,254$7,503,375$6,642,558$8,913,281
59$12,321,267$7,833,098$6,827,140$9,472,054
60$13,538,897$8,177,781$7,016,711$10,074,904
61$14,879,494$8,538,121$7,211,399$10,725,820
62$16,355,559$8,914,845$7,411,338$11,429,176
63$17,980,871$9,308,718$7,616,663$12,189,773
64$19,770,612$9,720,537$7,827,513$13,012,876
65$21,741,511$10,151,140$8,044,031$13,904,267
66$23,912,002$10,601,403$8,266,363$14,870,289
67$26,302,397$11,072,243$8,494,658$15,917,906
68$28,935,082$11,564,623$8,729,069$17,054,768
69$31,834,720$12,079,549$8,969,753$18,289,275
70$35,028,492$12,618,077$9,216,869$19,630,654
71$38,546,347$13,181,312$9,470,583$21,089,042
72$42,421,289$13,770,411$9,731,063$22,675,578
73$46,689,686$14,386,587$9,998,479$24,402,504
74$51,391,615$15,031,111$10,273,009$26,283,274
75$56,571,238$15,705,313$10,554,833$28,332,679
76$62,277,219$16,410,588$10,844,134$30,566,978
77$68,563,185$17,148,396$11,141,103$33,004,050
78$75,488,230$17,920,269$11,445,930$35,663,555
79$83,117,476$18,727,808$11,758,815$38,567,113
80$91,522,682$19,572,695$12,079,959$41,738,507
81$100,782,927$20,456,688$12,409,569$45,203,893
82$110,985,353$21,381,632$12,747,857$48,992,048
83$122,225,986$22,349,460$13,095,038$53,134,630
84$134,610,648$23,362,195$13,451,333$57,666,474
85$148,255,951$24,421,959$13,816,969$62,625,908
86$163,290,397$25,530,975$14,192,177$68,055,111
87$179,855,596$26,691,570$14,577,193$74,000,501
88$198,107,596$27,906,187$14,972,259$80,513,165
89$218,218,363$29,177,382$15,377,621$87,649,333
90$240,377,397$30,507,835$15,793,532$95,470,900
91$264,793,527$31,900,354$16,220,251$104,045,998
92$291,696,877$33,357,882$16,658,040$113,449,630
93$321,341,044$34,883,503$17,107,169$123,764,368
94$354,005,484$36,480,448$17,567,913$135,081,121
95$389,998,158$38,152,105$18,040,553$147,499,982
96$429,658,435$39,902,023$18,525,376$161,131,159
97$473,360,294$41,733,921$19,022,675$176,096,003
98$521,515,859$43,651,698$19,532,750$192,528,142
99$574,579,286$45,659,441$20,055,906$210,574,726
100$633,051,049$47,761,429$20,592,455$230,397,801