Can I retire at age 51 with 5,600,000?

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 $5,600,000?

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$462,443$458,324$454,305$450,382$446,552$439,516
2 years$228,932$224,668$220,536$216,530$212,644$205,573
3 years$151,105$146,823$142,702$138,733$134,910$128,025
4 years$112,200$107,931$103,850$99,949$96,219$89,573
5 years$88,862$84,619$80,592$76,771$73,144$66,756
6 years$73,309$69,098$65,130$61,394$57,876$51,753
7 years$62,204$58,028$54,124$50,475$47,069$41,213
8 years$53,879$49,741$45,901$42,343$39,048$33,458
9 years$47,408$43,308$39,535$36,066$32,884$27,558
10 years$42,233$38,174$34,467$31,090$28,019$22,951
11 years$38,003$33,984$30,344$27,057$24,097$19,283
12 years$34,480$30,502$26,930$23,733$20,882$16,316
13 years$31,501$27,565$24,060$20,953$18,210$13,884
14 years$28,950$25,056$21,618$18,599$15,963$11,871
15 years$26,741$22,889$19,518$16,587$14,055$10,190
16 years$24,810$21,000$17,696$14,852$12,422$8,775
17 years$23,108$19,341$16,103$13,345$11,014$7,578
18 years$21,597$17,872$14,700$12,026$9,793$6,560
19 years$20,247$16,563$13,457$10,867$8,729$5,690
20 years$19,033$15,391$12,350$9,842$7,797$4,944
21 years$17,936$14,336$11,360$8,932$6,977$4,302
22 years$16,940$13,383$10,470$8,121$6,254$3,748
23 years$16,032$12,516$9,667$7,396$5,614$3,269
24 years$15,201$11,727$8,940$6,746$5,046$2,854
25 years$14,438$11,005$8,280$6,161$4,541$2,493
26 years$13,734$10,343$7,680$5,633$4,090$2,180
27 years$13,084$9,734$7,131$5,156$3,687$1,907
28 years$12,481$9,172$6,629$4,724$3,327$1,670
29 years$11,921$8,653$6,169$4,332$3,004$1,462
30 years$11,399$8,172$5,746$3,976$2,715$1,281
31 years$10,912$7,725$5,357$3,651$2,454$1,123
32 years$10,456$7,310$4,998$3,356$2,220$985
33 years$10,029$6,922$4,667$3,086$2,009$864
34 years$9,627$6,561$4,361$2,839$1,819$758
35 years$9,250$6,223$4,077$2,614$1,648$665
36 years$8,894$5,906$3,814$2,407$1,493$583
37 years$8,558$5,610$3,570$2,218$1,353$512
38 years$8,241$5,331$3,343$2,044$1,227$449
39 years$7,941$5,069$3,132$1,885$1,112$395
40 years$7,656$4,823$2,936$1,739$1,009$346
41 years$7,386$4,591$2,753$1,604$915$304
42 years$7,130$4,372$2,582$1,480$831$267
43 years$6,886$4,166$2,423$1,367$754$235
44 years$6,654$3,971$2,274$1,262$684$206
45 years$6,432$3,787$2,135$1,165$621$181
46 years$6,221$3,613$2,006$1,076$564$159
47 years$6,020$3,447$1,884$994$512$140
48 years$5,828$3,291$1,771$919$465$123
49 years$5,644$3,143$1,664$849$422$108
50 years$5,468$3,002$1,565$785$384$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $5,600,000, adding $6,494 every year, while hoping to spend $59,252 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: 80/10/10 Blend
50$5,600,000$5,600,000$5,600,000$5,600,000
51$6,177,899$5,881,099$5,794,299$6,661,602
52$6,745,001$6,106,229$5,925,364$7,204,987
53$7,367,961$6,340,404$6,058,834$7,792,726
54$8,052,415$6,584,006$6,194,727$8,435,923
55$8,804,571$6,837,432$6,333,059$9,140,094
56$9,631,266$7,101,095$6,473,846$9,911,314
57$10,540,037$7,375,430$6,617,102$10,756,271
58$11,539,183$7,660,889$6,762,837$11,682,333
59$12,637,850$7,957,943$6,911,062$12,697,613
60$13,846,114$8,267,085$7,061,786$13,811,046
61$15,175,075$8,588,830$7,215,014$15,032,474
62$16,636,965$8,923,715$7,370,749$16,372,738
63$18,245,261$9,272,302$7,528,994$17,843,775
64$20,014,808$9,635,176$7,689,747$19,458,739
65$21,961,969$10,012,950$7,853,003$21,232,115
66$24,104,768$10,406,262$8,018,757$23,179,863
67$26,463,067$10,815,782$8,186,998$25,319,561
68$29,058,750$11,242,205$8,357,712$27,670,575
69$31,915,930$11,686,262$8,530,884$30,254,237
70$35,061,179$12,148,712$8,706,493$33,094,051
71$38,523,773$12,630,352$8,884,513$36,215,908
72$42,335,971$13,132,013$9,064,918$39,648,332
73$46,533,321$13,654,563$9,247,673$43,422,751
74$51,154,991$14,198,908$9,432,742$47,573,787
75$56,244,143$14,765,997$9,620,082$52,139,585
76$61,848,336$15,356,821$9,809,645$57,162,175
77$68,019,976$15,972,415$10,001,378$62,687,860
78$74,816,812$16,613,862$10,195,222$68,767,658
79$82,302,476$17,282,291$10,391,112$75,457,784
80$90,547,091$17,978,885$10,588,976$82,820,170
81$99,627,924$18,704,880$10,788,736$90,923,059
82$109,630,120$19,461,567$10,990,307$99,841,643
83$120,647,504$20,250,296$11,193,594$109,658,769
84$132,783,468$21,072,479$11,398,498$120,465,725
85$146,151,943$21,929,591$11,604,909$132,363,098
86$160,878,476$22,823,176$11,812,708$145,461,719
87$177,101,415$23,754,846$12,021,768$159,883,712
88$194,973,214$24,726,288$12,231,952$175,763,645
89$214,661,870$25,739,265$12,443,111$193,249,795
90$236,352,514$26,795,622$12,655,088$212,505,548
91$260,249,150$27,897,287$12,867,713$233,710,941
92$286,576,586$29,046,277$13,080,805$257,064,359
93$315,582,555$30,244,701$13,294,168$282,784,404
94$347,540,050$31,494,766$13,507,597$311,111,957
95$382,749,903$32,798,777$13,720,870$342,312,453
96$421,543,626$34,159,150$13,933,752$376,678,381
97$464,286,535$35,578,408$14,145,992$414,532,043
98$511,381,203$37,059,192$14,357,324$456,228,598
99$563,271,257$38,604,263$14,567,465$502,159,409
100$620,445,565$40,216,511$14,776,115$552,755,734