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

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$454,185$450,139$446,192$442,340$438,578$427,455
2 years$224,844$220,656$216,598$212,663$208,847$197,713
3 years$148,407$144,201$140,153$136,255$132,501$121,704
4 years$110,196$106,003$101,996$98,164$94,501$84,124
5 years$87,275$83,108$79,153$75,400$71,838$61,911
6 years$72,000$67,864$63,967$60,298$56,843$47,374
7 years$61,093$56,992$53,157$49,574$46,229$37,220
8 years$52,917$48,853$45,081$41,586$38,351$29,798
9 years$46,561$42,535$38,829$35,422$32,297$24,192
10 years$41,479$37,493$33,852$30,534$27,519$19,853
11 years$37,324$33,377$29,802$26,574$23,667$16,428
12 years$33,864$29,958$26,449$23,309$20,509$13,685
13 years$30,938$27,073$23,630$20,578$17,885$11,462
14 years$28,433$24,609$21,232$18,267$15,677$9,641
15 years$26,263$22,480$19,170$16,291$13,804$8,139
16 years$24,367$20,625$17,380$14,587$12,200$6,891
17 years$22,696$18,995$15,815$13,106$10,817$5,850
18 years$21,211$17,552$14,437$11,811$9,618$4,975
19 years$19,885$16,267$13,217$10,673$8,573$4,239
20 years$18,693$15,116$12,130$9,666$7,657$3,617
21 years$17,615$14,080$11,157$8,773$6,853$3,091
22 years$16,637$13,144$10,283$7,976$6,142$2,643
23 years$15,746$12,293$9,494$7,264$5,514$2,263
24 years$14,930$11,518$8,781$6,625$4,956$1,938
25 years$14,180$10,809$8,133$6,051$4,459$1,662
26 years$13,489$10,158$7,543$5,532$4,017$1,425
27 years$12,850$9,560$7,004$5,064$3,622$1,223
28 years$12,258$9,009$6,511$4,640$3,268$1,050
29 years$11,708$8,499$6,059$4,255$2,951$902
30 years$11,196$8,026$5,644$3,905$2,666$775
31 years$10,717$7,587$5,262$3,586$2,411$666
32 years$10,269$7,179$4,909$3,296$2,180$572
33 years$9,850$6,799$4,584$3,031$1,973$492
34 years$9,456$6,444$4,283$2,789$1,787$423
35 years$9,085$6,112$4,004$2,567$1,618$363
36 years$8,735$5,801$3,746$2,364$1,466$313
37 years$8,405$5,510$3,506$2,178$1,329$269
38 years$8,094$5,236$3,283$2,008$1,205$231
39 years$7,799$4,979$3,076$1,851$1,092$199
40 years$7,519$4,737$2,883$1,708$991$171
41 years$7,254$4,509$2,703$1,575$899$147
42 years$7,002$4,294$2,536$1,454$816$127
43 years$6,763$4,092$2,380$1,342$740$109
44 years$6,535$3,900$2,234$1,239$672$94
45 years$6,318$3,719$2,097$1,144$610$81
46 years$6,110$3,548$1,970$1,057$554$69
47 years$5,913$3,386$1,851$977$503$60
48 years$5,724$3,232$1,739$902$457$51
49 years$5,543$3,087$1,635$834$415$44
50 years$5,370$2,949$1,537$771$377$38

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 $5,967 every year, while hoping to spend $30,779 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: 47/33/20 Blend
50$5,500,000$5,500,000$5,500,000$5,500,000
51$6,067,155$5,775,655$5,690,405$6,317,552
52$6,653,256$6,025,913$5,848,285$6,743,137
53$7,298,108$6,287,403$6,010,422$7,201,239
54$8,007,671$6,560,641$6,176,927$7,697,828
55$8,788,511$6,846,171$6,347,912$8,236,519
56$9,647,866$7,144,559$6,523,493$8,821,279
57$10,593,706$7,456,401$6,703,788$9,456,467
58$11,634,817$7,782,318$6,888,919$10,146,875
59$12,780,880$8,122,963$7,079,009$10,897,767
60$14,042,559$8,479,017$7,274,185$11,714,930
61$15,431,607$8,851,196$7,474,577$12,604,726
62$16,960,974$9,240,248$7,680,319$13,574,148
63$18,644,930$9,646,957$7,891,546$14,630,887
64$20,499,199$10,072,144$8,108,399$15,783,400
65$22,541,106$10,516,668$8,331,019$17,040,988
66$24,789,744$10,981,430$8,559,554$18,413,881
67$27,266,151$11,467,372$8,794,151$19,913,334
68$29,993,509$11,975,484$9,034,966$21,551,727
69$32,997,362$12,506,798$9,282,153$23,342,682
70$36,305,861$13,062,399$9,535,873$25,301,186
71$39,950,024$13,643,422$9,796,290$27,443,732
72$43,964,032$14,251,055$10,063,571$29,788,471
73$48,385,551$14,886,544$10,337,888$32,355,376
74$53,256,086$15,551,194$10,619,416$35,166,435
75$58,621,374$16,246,370$10,908,334$38,245,846
76$64,531,817$16,973,505$11,204,826$41,620,247
77$71,042,954$17,734,098$11,509,079$45,318,962
78$78,215,986$18,529,720$11,821,284$49,374,274
79$86,118,358$19,362,017$12,141,638$53,821,725
80$94,824,387$20,232,713$12,470,340$58,700,447
81$104,415,974$21,143,615$12,807,596$64,053,525
82$114,983,367$22,096,616$13,153,614$69,928,402
83$126,626,018$23,093,697$13,508,607$76,377,319
84$139,453,521$24,136,938$13,872,795$83,457,804
85$153,586,647$25,228,515$14,246,400$91,233,207
86$169,158,481$26,370,708$14,629,651$99,773,297
87$186,315,681$27,565,907$15,022,779$109,154,908
88$205,219,861$28,816,617$15,426,022$119,462,664
89$226,049,116$30,125,461$15,839,624$130,789,766
90$248,999,706$31,495,189$16,263,831$143,238,867
91$274,287,903$32,928,681$16,698,897$156,923,033
92$302,152,039$34,428,956$17,145,080$171,966,805
93$332,854,750$35,999,178$17,602,643$188,507,361
94$366,685,459$37,642,661$18,071,856$206,695,810
95$403,963,105$39,362,881$18,552,992$226,698,602
96$445,039,156$41,163,476$19,046,331$248,699,094
97$490,300,926$43,048,263$19,552,160$272,899,273
98$540,175,232$45,021,239$20,070,769$299,521,648
99$595,132,421$47,086,595$20,602,455$328,811,342
100$655,690,812$49,248,722$21,147,521$361,038,398