Can I retire at age 51 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$454,185$450,139$446,192$442,340$438,578$431,667
2 years$224,844$220,656$216,598$212,663$208,847$201,902
3 years$148,407$144,201$140,153$136,255$132,501$125,739
4 years$110,196$106,003$101,996$98,164$94,501$87,973
5 years$87,275$83,108$79,153$75,400$71,838$65,564
6 years$72,000$67,864$63,967$60,298$56,843$50,829
7 years$61,093$56,992$53,157$49,574$46,229$40,477
8 years$52,917$48,853$45,081$41,586$38,351$32,861
9 years$46,561$42,535$38,829$35,422$32,297$27,066
10 years$41,479$37,493$33,852$30,534$27,519$22,541
11 years$37,324$33,377$29,802$26,574$23,667$18,939
12 years$33,864$29,958$26,449$23,309$20,509$16,024
13 years$30,938$27,073$23,630$20,578$17,885$13,636
14 years$28,433$24,609$21,232$18,267$15,677$11,659
15 years$26,263$22,480$19,170$16,291$13,804$10,008
16 years$24,367$20,625$17,380$14,587$12,200$8,619
17 years$22,696$18,995$15,815$13,106$10,817$7,443
18 years$21,211$17,552$14,437$11,811$9,618$6,443
19 years$19,885$16,267$13,217$10,673$8,573$5,588
20 years$18,693$15,116$12,130$9,666$7,657$4,855
21 years$17,615$14,080$11,157$8,773$6,853$4,225
22 years$16,637$13,144$10,283$7,976$6,142$3,681
23 years$15,746$12,293$9,494$7,264$5,514$3,210
24 years$14,930$11,518$8,781$6,625$4,956$2,803
25 years$14,180$10,809$8,133$6,051$4,459$2,449
26 years$13,489$10,158$7,543$5,532$4,017$2,141
27 years$12,850$9,560$7,004$5,064$3,622$1,873
28 years$12,258$9,009$6,511$4,640$3,268$1,640
29 years$11,708$8,499$6,059$4,255$2,951$1,436
30 years$11,196$8,026$5,644$3,905$2,666$1,258
31 years$10,717$7,587$5,262$3,586$2,411$1,103
32 years$10,269$7,179$4,909$3,296$2,180$967
33 years$9,850$6,799$4,584$3,031$1,973$848
34 years$9,456$6,444$4,283$2,789$1,787$744
35 years$9,085$6,112$4,004$2,567$1,618$653
36 years$8,735$5,801$3,746$2,364$1,466$573
37 years$8,405$5,510$3,506$2,178$1,329$503
38 years$8,094$5,236$3,283$2,008$1,205$441
39 years$7,799$4,979$3,076$1,851$1,092$388
40 years$7,519$4,737$2,883$1,708$991$340
41 years$7,254$4,509$2,703$1,575$899$299
42 years$7,002$4,294$2,536$1,454$816$262
43 years$6,763$4,092$2,380$1,342$740$230
44 years$6,535$3,900$2,234$1,239$672$202
45 years$6,318$3,719$2,097$1,144$610$178
46 years$6,110$3,548$1,970$1,057$554$156
47 years$5,913$3,386$1,851$977$503$137
48 years$5,724$3,232$1,739$902$457$121
49 years$5,543$3,087$1,635$834$415$106
50 years$5,370$2,949$1,537$771$377$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $5,500,000, adding $2,909 every year, while hoping to spend $56,207 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: 36/34/30 Blend
50$5,500,000$5,500,000$5,500,000$5,500,000
51$6,064,001$5,772,501$5,687,251$6,227,672
52$6,622,725$5,995,549$5,817,970$6,573,395
53$7,236,555$6,227,644$5,951,184$6,941,115
54$7,911,053$6,469,167$6,086,918$7,337,051
55$8,652,345$6,720,521$6,225,195$7,763,784
56$9,467,182$6,982,124$6,366,036$8,224,149
57$10,362,999$7,254,413$6,509,463$8,721,257
58$11,347,990$7,537,844$6,655,495$9,258,527
59$12,431,181$7,832,894$6,804,150$9,839,718
60$13,622,516$8,140,061$6,955,444$10,468,956
61$14,932,954$8,459,865$7,109,392$11,150,779
62$16,374,566$8,792,849$7,266,007$11,890,173
63$17,960,653$9,139,581$7,425,300$12,692,623
64$19,705,872$9,500,652$7,587,280$13,564,156
65$21,626,369$9,876,683$7,751,952$14,511,401
66$23,739,938$10,268,320$7,919,322$15,541,649
67$26,066,184$10,676,239$8,089,391$16,662,920
68$28,626,706$11,101,146$8,262,157$17,884,034
69$31,445,307$11,543,780$8,437,617$19,214,697
70$34,548,215$12,004,911$8,615,763$20,665,586
71$37,964,326$12,485,345$8,796,585$22,248,450
72$41,725,485$12,985,925$8,980,068$23,976,218
73$45,866,780$13,507,530$9,166,195$25,863,119
74$50,426,873$14,051,081$9,354,944$27,924,813
75$55,448,369$14,617,538$9,546,290$30,178,536
76$60,978,212$15,207,908$9,740,201$32,643,263
77$67,068,135$15,823,240$9,936,642$35,339,880
78$73,775,139$16,464,633$10,135,574$38,291,380
79$81,162,038$17,133,235$10,336,951$41,523,079
80$89,298,049$17,830,246$10,540,721$45,062,848
81$98,259,443$18,556,922$10,746,829$48,941,377
82$108,130,269$19,314,574$10,955,210$53,192,458
83$119,003,143$20,104,574$11,165,796$57,853,301
84$130,980,122$20,928,358$11,378,509$62,964,883
85$144,173,672$21,787,424$11,593,266$68,572,330
86$158,707,721$22,683,342$11,809,975$74,725,339
87$174,718,835$23,617,753$12,028,537$81,478,644
88$192,357,506$24,592,373$12,248,842$88,892,524
89$211,789,567$25,608,995$12,470,774$97,033,375
90$233,197,764$26,669,496$12,694,206$105,974,325
91$256,783,476$27,775,841$12,919,002$115,795,924
92$282,768,615$28,930,082$13,145,013$126,586,895
93$311,397,726$30,134,368$13,372,083$138,444,972
94$342,940,286$31,390,945$13,600,040$151,477,812
95$377,693,258$32,702,164$13,828,704$165,804,008
96$415,983,885$34,070,484$14,057,880$181,554,199
97$458,172,782$35,498,478$14,287,360$198,872,305
98$504,657,340$36,988,838$14,516,921$217,916,868
99$555,875,478$38,544,380$14,746,326$238,862,553
100$612,309,773$40,168,051$14,975,325$261,901,779