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%14.3%
1 years$462,443$458,324$454,305$450,382$446,552$438,613
2 years$228,932$224,668$220,536$216,530$212,644$204,672
3 years$151,105$146,823$142,702$138,733$134,910$127,154
4 years$112,200$107,931$103,850$99,949$96,219$88,739
5 years$88,862$84,619$80,592$76,771$73,144$65,961
6 years$73,309$69,098$65,130$61,394$57,876$50,999
7 years$62,204$58,028$54,124$50,475$47,069$40,499
8 years$53,879$49,741$45,901$42,343$39,048$32,784
9 years$47,408$43,308$39,535$36,066$32,884$26,922
10 years$42,233$38,174$34,467$31,090$28,019$22,353
11 years$38,003$33,984$30,344$27,057$24,097$18,722
12 years$34,480$30,502$26,930$23,733$20,882$15,790
13 years$31,501$27,565$24,060$20,953$18,210$13,393
14 years$28,950$25,056$21,618$18,599$15,963$11,412
15 years$26,741$22,889$19,518$16,587$14,055$9,762
16 years$24,810$21,000$17,696$14,852$12,422$8,378
17 years$23,108$19,341$16,103$13,345$11,014$7,209
18 years$21,597$17,872$14,700$12,026$9,793$6,218
19 years$20,247$16,563$13,457$10,867$8,729$5,373
20 years$19,033$15,391$12,350$9,842$7,797$4,651
21 years$17,936$14,336$11,360$8,932$6,977$4,032
22 years$16,940$13,383$10,470$8,121$6,254$3,499
23 years$16,032$12,516$9,667$7,396$5,614$3,040
24 years$15,201$11,727$8,940$6,746$5,046$2,644
25 years$14,438$11,005$8,280$6,161$4,541$2,301
26 years$13,734$10,343$7,680$5,633$4,090$2,004
27 years$13,084$9,734$7,131$5,156$3,687$1,746
28 years$12,481$9,172$6,629$4,724$3,327$1,522
29 years$11,921$8,653$6,169$4,332$3,004$1,328
30 years$11,399$8,172$5,746$3,976$2,715$1,159
31 years$10,912$7,725$5,357$3,651$2,454$1,011
32 years$10,456$7,310$4,998$3,356$2,220$883
33 years$10,029$6,922$4,667$3,086$2,009$771
34 years$9,627$6,561$4,361$2,839$1,819$674
35 years$9,250$6,223$4,077$2,614$1,648$589
36 years$8,894$5,906$3,814$2,407$1,493$514
37 years$8,558$5,610$3,570$2,218$1,353$450
38 years$8,241$5,331$3,343$2,044$1,227$393
39 years$7,941$5,069$3,132$1,885$1,112$344
40 years$7,656$4,823$2,936$1,739$1,009$300
41 years$7,386$4,591$2,753$1,604$915$263
42 years$7,130$4,372$2,582$1,480$831$230
43 years$6,886$4,166$2,423$1,367$754$201
44 years$6,654$3,971$2,274$1,262$684$176
45 years$6,432$3,787$2,135$1,165$621$154
46 years$6,221$3,613$2,006$1,076$564$134
47 years$6,020$3,447$1,884$994$512$118
48 years$5,828$3,291$1,771$919$465$103
49 years$5,644$3,143$1,664$849$422$90
50 years$5,468$3,002$1,565$785$384$79

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 $5,627 every year, while hoping to spend $54,174 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: 33/47/20 Blend
50$5,600,000$5,600,000$5,600,000$5,600,000
51$6,177,004$5,880,204$5,793,404$6,342,575
52$6,749,418$6,110,694$5,929,843$6,696,601
53$7,378,402$6,350,661$6,069,036$7,072,535
54$8,069,670$6,600,514$6,211,019$7,476,573
55$8,829,515$6,860,678$6,355,827$7,911,221
56$9,664,872$7,131,598$6,503,494$8,379,227
57$10,583,379$7,413,737$6,654,051$8,883,605
58$11,593,454$7,707,580$6,807,532$9,427,662
59$12,704,370$8,013,635$6,963,968$10,015,026
60$13,926,343$8,332,430$7,123,388$10,649,679
61$15,270,631$8,664,520$7,285,822$11,335,996
62$16,749,635$9,010,482$7,451,298$12,078,776
63$18,377,022$9,370,919$7,619,840$12,883,293
64$20,167,849$9,746,465$7,791,475$13,755,339
65$22,138,706$10,137,778$7,966,226$14,701,277
66$24,307,872$10,545,547$8,144,113$15,728,101
67$26,695,491$10,970,495$8,325,157$16,843,494
68$29,323,756$11,413,374$8,509,374$18,055,902
69$32,217,121$11,874,972$8,696,781$19,374,611
70$35,402,534$12,356,111$8,887,389$20,809,828
71$38,909,685$12,857,654$9,081,209$22,372,778
72$42,771,293$13,380,499$9,278,250$24,075,804
73$47,023,409$13,925,587$9,478,515$25,932,482
74$51,705,758$14,493,902$9,682,006$27,957,744
75$56,862,114$15,086,472$9,888,723$30,168,015
76$62,540,713$15,704,373$10,098,658$32,581,367
77$68,794,707$16,348,729$10,311,805$35,217,681
78$75,682,667$17,020,716$10,528,150$38,098,834
79$83,269,131$17,721,563$10,747,675$41,248,900
80$91,625,220$18,452,557$10,970,360$44,694,373
81$100,829,303$19,215,043$11,196,177$48,464,409
82$110,967,740$20,010,428$11,425,097$52,591,102
83$122,135,693$20,840,182$11,657,081$57,109,776
84$134,438,028$21,705,846$11,892,088$62,059,319
85$147,990,303$22,609,029$12,130,070$67,482,537
86$162,919,858$23,551,415$12,370,971$73,426,558
87$179,367,016$24,534,766$12,614,730$79,943,268
88$197,486,407$25,560,926$12,861,279$87,089,796
89$217,448,431$26,631,822$13,110,543$94,929,043
90$239,440,861$27,749,471$13,362,436$103,530,274
91$263,670,619$28,915,985$13,616,868$112,969,760
92$290,365,726$30,133,573$13,873,737$123,331,490
93$319,777,456$31,404,544$14,132,933$134,707,961
94$352,182,707$32,731,317$14,394,337$147,201,036
95$387,886,615$34,116,422$14,657,818$160,922,902
96$427,225,430$35,562,508$14,923,236$175,997,118
97$470,569,698$37,072,345$15,190,439$192,559,771
98$518,327,751$38,648,833$15,459,262$210,760,751
99$570,949,563$40,295,007$15,729,528$230,765,156
100$628,930,999$42,014,044$16,001,049$252,754,839