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%15.7%
1 years$454,185$450,139$446,192$442,340$438,578$428,323
2 years$224,844$220,656$216,598$212,663$208,847$198,574
3 years$148,407$144,201$140,153$136,255$132,501$122,530
4 years$110,196$106,003$101,996$98,164$94,501$84,910
5 years$87,275$83,108$79,153$75,400$71,838$62,653
6 years$72,000$67,864$63,967$60,298$56,843$48,073
7 years$61,093$56,992$53,157$49,574$46,229$37,876
8 years$52,917$48,853$45,081$41,586$38,351$30,412
9 years$46,561$42,535$38,829$35,422$32,297$24,765
10 years$41,479$37,493$33,852$30,534$27,519$20,386
11 years$37,324$33,377$29,802$26,574$23,667$16,924
12 years$33,864$29,958$26,449$23,309$20,509$14,144
13 years$30,938$27,073$23,630$20,578$17,885$11,886
14 years$28,433$24,609$21,232$18,267$15,677$10,032
15 years$26,263$22,480$19,170$16,291$13,804$8,499
16 years$24,367$20,625$17,380$14,587$12,200$7,222
17 years$22,696$18,995$15,815$13,106$10,817$6,152
18 years$21,211$17,552$14,437$11,811$9,618$5,252
19 years$19,885$16,267$13,217$10,673$8,573$4,492
20 years$18,693$15,116$12,130$9,666$7,657$3,847
21 years$17,615$14,080$11,157$8,773$6,853$3,300
22 years$16,637$13,144$10,283$7,976$6,142$2,833
23 years$15,746$12,293$9,494$7,264$5,514$2,435
24 years$14,930$11,518$8,781$6,625$4,956$2,094
25 years$14,180$10,809$8,133$6,051$4,459$1,802
26 years$13,489$10,158$7,543$5,532$4,017$1,552
27 years$12,850$9,560$7,004$5,064$3,622$1,337
28 years$12,258$9,009$6,511$4,640$3,268$1,153
29 years$11,708$8,499$6,059$4,255$2,951$994
30 years$11,196$8,026$5,644$3,905$2,666$857
31 years$10,717$7,587$5,262$3,586$2,411$740
32 years$10,269$7,179$4,909$3,296$2,180$638
33 years$9,850$6,799$4,584$3,031$1,973$551
34 years$9,456$6,444$4,283$2,789$1,787$476
35 years$9,085$6,112$4,004$2,567$1,618$411
36 years$8,735$5,801$3,746$2,364$1,466$355
37 years$8,405$5,510$3,506$2,178$1,329$306
38 years$8,094$5,236$3,283$2,008$1,205$265
39 years$7,799$4,979$3,076$1,851$1,092$229
40 years$7,519$4,737$2,883$1,708$991$198
41 years$7,254$4,509$2,703$1,575$899$171
42 years$7,002$4,294$2,536$1,454$816$147
43 years$6,763$4,092$2,380$1,342$740$127
44 years$6,535$3,900$2,234$1,239$672$110
45 years$6,318$3,719$2,097$1,144$610$95
46 years$6,110$3,548$1,970$1,057$554$82
47 years$5,913$3,386$1,851$977$503$71
48 years$5,724$3,232$1,739$902$457$61
49 years$5,543$3,087$1,635$834$415$53
50 years$5,370$2,949$1,537$771$377$46

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 $5,384 every year, while hoping to spend $49,130 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: 46/36/18 Blend
50$5,500,000$5,500,000$5,500,000$5,500,000
51$6,066,554$5,775,054$5,689,804$6,314,231
52$6,633,068$6,005,757$5,828,138$6,718,348
53$7,255,721$6,246,119$5,969,460$7,151,159
54$7,940,185$6,496,560$6,113,818$7,619,679
55$8,692,713$6,757,520$6,261,260$8,127,252
56$9,520,191$7,029,460$6,411,834$8,677,551
57$10,430,208$7,312,861$6,565,588$9,274,615
58$11,431,124$7,608,226$6,722,570$9,922,881
59$12,532,150$7,916,081$6,882,827$10,627,224
60$13,743,435$8,236,974$7,046,408$11,393,006
61$15,076,161$8,571,481$7,213,357$12,226,121
62$16,542,648$8,920,202$7,383,723$13,133,050
63$18,156,471$9,283,765$7,557,551$14,120,921
64$19,932,588$9,662,826$7,734,886$15,197,572
65$21,887,479$10,058,073$7,915,772$16,371,625
66$24,039,306$10,470,222$8,100,254$17,652,566
67$26,408,077$10,900,024$8,288,374$19,050,830
68$29,015,840$11,348,265$8,480,175$20,577,896
69$31,886,891$11,815,765$8,675,695$22,246,400
70$35,047,999$12,303,383$8,874,976$24,070,242
71$38,528,662$12,812,016$9,078,056$26,064,722
72$42,361,385$13,342,604$9,284,970$28,246,679
73$46,581,984$13,896,129$9,495,753$30,634,646
74$51,229,925$14,473,619$9,710,440$33,249,025
75$56,348,699$15,076,147$9,929,061$36,112,272
76$61,986,227$15,704,839$10,151,646$39,249,112
77$68,195,317$16,360,871$10,378,221$42,686,762
78$75,034,158$17,045,473$10,608,810$46,455,190
79$82,566,874$17,759,933$10,843,437$50,587,390
80$90,864,122$18,505,596$11,082,119$55,119,694
81$100,003,765$19,283,874$11,324,873$60,092,108
82$110,071,605$20,096,239$11,571,712$65,548,683
83$121,162,189$20,944,235$11,822,644$71,537,935
84$133,379,705$21,829,476$12,077,676$78,113,289
85$146,838,967$22,753,651$12,336,810$85,333,583
86$161,666,490$23,718,529$12,600,042$93,263,620
87$178,001,694$24,725,959$12,867,365$101,974,772
88$195,998,214$25,777,878$13,138,769$111,545,648
89$215,825,350$26,876,312$13,414,235$122,062,832
90$237,669,665$28,023,381$13,693,743$133,621,695
91$261,736,751$29,221,306$13,977,262$146,327,287
92$288,253,159$30,472,410$14,264,760$160,295,324
93$317,468,548$31,779,125$14,556,197$175,653,275
94$349,658,034$33,143,996$14,851,523$192,541,553
95$385,124,790$34,569,688$15,150,685$211,114,840
96$424,202,906$36,058,991$15,453,621$231,543,535
97$467,260,545$37,614,824$15,760,260$254,015,357
98$514,703,415$39,240,244$16,070,523$278,737,108
99$566,978,600$40,938,453$16,384,322$305,936,616
100$624,578,779$42,712,800$16,701,560$335,864,879