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

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$462,443$458,324$454,305$450,382$446,552$443,366
2 years$228,932$224,668$220,536$216,530$212,644$209,431
3 years$151,105$146,823$142,702$138,733$134,910$131,770
4 years$112,200$107,931$103,850$99,949$96,219$93,176
5 years$88,862$84,619$80,592$76,771$73,144$70,207
6 years$73,309$69,098$65,130$61,394$57,876$55,050
7 years$62,204$58,028$54,124$50,475$47,069$44,353
8 years$53,879$49,741$45,901$42,343$39,048$36,444
9 years$47,408$43,308$39,535$36,066$32,884$30,390
10 years$42,233$38,174$34,467$31,090$28,019$25,634
11 years$38,003$33,984$30,344$27,057$24,097$21,819
12 years$34,480$30,502$26,930$23,733$20,882$18,710
13 years$31,501$27,565$24,060$20,953$18,210$16,140
14 years$28,950$25,056$21,618$18,599$15,963$13,993
15 years$26,741$22,889$19,518$16,587$14,055$12,183
16 years$24,810$21,000$17,696$14,852$12,422$10,645
17 years$23,108$19,341$16,103$13,345$11,014$9,330
18 years$21,597$17,872$14,700$12,026$9,793$8,198
19 years$20,247$16,563$13,457$10,867$8,729$7,220
20 years$19,033$15,391$12,350$9,842$7,797$6,371
21 years$17,936$14,336$11,360$8,932$6,977$5,631
22 years$16,940$13,383$10,470$8,121$6,254$4,985
23 years$16,032$12,516$9,667$7,396$5,614$4,418
24 years$15,201$11,727$8,940$6,746$5,046$3,920
25 years$14,438$11,005$8,280$6,161$4,541$3,482
26 years$13,734$10,343$7,680$5,633$4,090$3,096
27 years$13,084$9,734$7,131$5,156$3,687$2,754
28 years$12,481$9,172$6,629$4,724$3,327$2,452
29 years$11,921$8,653$6,169$4,332$3,004$2,184
30 years$11,399$8,172$5,746$3,976$2,715$1,947
31 years$10,912$7,725$5,357$3,651$2,454$1,736
32 years$10,456$7,310$4,998$3,356$2,220$1,549
33 years$10,029$6,922$4,667$3,086$2,009$1,382
34 years$9,627$6,561$4,361$2,839$1,819$1,234
35 years$9,250$6,223$4,077$2,614$1,648$1,102
36 years$8,894$5,906$3,814$2,407$1,493$984
37 years$8,558$5,610$3,570$2,218$1,353$880
38 years$8,241$5,331$3,343$2,044$1,227$786
39 years$7,941$5,069$3,132$1,885$1,112$703
40 years$7,656$4,823$2,936$1,739$1,009$628
41 years$7,386$4,591$2,753$1,604$915$562
42 years$7,130$4,372$2,582$1,480$831$502
43 years$6,886$4,166$2,423$1,367$754$449
44 years$6,654$3,971$2,274$1,262$684$402
45 years$6,432$3,787$2,135$1,165$621$359
46 years$6,221$3,613$2,006$1,076$564$322
47 years$6,020$3,447$1,884$994$512$288
48 years$5,828$3,291$1,771$919$465$257
49 years$5,644$3,143$1,664$849$422$230
50 years$5,468$3,002$1,565$785$384$206

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 $5,961 every year, while hoping to spend $55,806 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: 36/42/22 Blend
50$5,600,000$5,600,000$5,600,000$5,600,000
51$6,177,349$5,880,549$5,793,749$6,358,457
52$6,748,061$6,109,319$5,928,462$6,720,529
53$7,375,116$6,347,428$6,065,818$7,105,552
54$8,064,201$6,595,275$6,205,846$7,520,085
55$8,821,582$6,853,276$6,348,575$7,966,805
56$9,654,164$7,121,867$6,494,033$8,448,648
57$10,569,552$7,401,502$6,642,246$8,968,838
58$11,576,125$7,692,654$6,793,240$9,530,914
59$12,683,116$7,995,820$6,947,039$10,138,763
60$13,900,695$8,311,517$7,103,667$10,796,654
61$15,240,071$8,640,286$7,263,145$11,509,276
62$16,713,591$8,982,693$7,425,493$12,281,781
63$18,334,859$9,339,326$7,590,728$13,119,831
64$20,118,866$9,710,804$7,758,869$14,029,648
65$22,082,127$10,097,771$7,929,928$15,018,072
66$24,242,842$10,500,900$8,103,919$16,092,623
67$26,621,063$10,920,895$8,280,851$17,261,568
68$29,238,884$11,358,491$8,460,732$18,533,998
69$32,120,651$11,814,458$8,643,567$19,919,912
70$35,293,189$12,289,598$8,829,358$21,430,307
71$38,786,057$12,784,751$9,018,104$23,077,278
72$42,631,825$13,300,795$9,209,802$24,874,135
73$46,866,385$13,838,647$9,404,443$26,835,517
74$51,529,282$14,399,267$9,602,018$28,977,534
75$56,664,094$14,983,656$9,802,511$31,317,912
76$62,318,840$15,592,863$10,005,904$33,876,160
77$68,546,433$16,227,985$10,212,173$36,673,746
78$75,405,179$16,890,166$10,421,290$39,734,301
79$82,959,328$17,580,605$10,633,224$43,083,835
80$91,279,679$18,300,554$10,847,937$46,750,978
81$100,444,248$19,051,323$11,065,385$50,767,250
82$110,539,006$19,834,283$11,285,520$55,167,348
83$121,658,687$20,650,865$11,508,287$59,989,475
84$133,907,683$21,502,567$11,733,625$65,275,691
85$147,401,031$22,390,958$11,961,465$71,072,309
86$162,265,496$23,317,674$12,191,734$77,430,325
87$178,640,767$24,284,430$12,424,347$84,405,893
88$196,680,778$25,293,020$12,659,215$92,060,850
89$216,555,157$26,345,318$12,896,239$100,463,297
90$238,450,830$27,443,286$13,135,311$109,688,230
91$262,573,785$28,588,976$13,376,313$119,818,247
92$289,151,011$29,784,536$13,619,120$130,944,316
93$318,432,647$31,032,212$13,863,593$143,166,632
94$350,694,340$32,334,353$14,109,586$156,595,551
95$386,239,844$33,693,418$14,356,939$171,352,626
96$425,403,892$35,111,980$14,605,481$187,571,747
97$468,555,353$36,592,730$14,855,028$205,400,396
98$516,100,710$38,138,485$15,105,383$225,001,030
99$568,487,904$39,752,193$15,356,335$246,552,608
100$626,210,557$41,436,937$15,607,659$270,252,267