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%13.6%
1 years$462,443$458,324$454,305$450,382$446,552$439,879
2 years$228,932$224,668$220,536$216,530$212,644$205,936
3 years$151,105$146,823$142,702$138,733$134,910$128,376
4 years$112,200$107,931$103,850$99,949$96,219$89,909
5 years$88,862$84,619$80,592$76,771$73,144$67,076
6 years$73,309$69,098$65,130$61,394$57,876$52,058
7 years$62,204$58,028$54,124$50,475$47,069$41,502
8 years$53,879$49,741$45,901$42,343$39,048$33,732
9 years$47,408$43,308$39,535$36,066$32,884$27,816
10 years$42,233$38,174$34,467$31,090$28,019$23,195
11 years$38,003$33,984$30,344$27,057$24,097$19,512
12 years$34,480$30,502$26,930$23,733$20,882$16,531
13 years$31,501$27,565$24,060$20,953$18,210$14,086
14 years$28,950$25,056$21,618$18,599$15,963$12,060
15 years$26,741$22,889$19,518$16,587$14,055$10,366
16 years$24,810$21,000$17,696$14,852$12,422$8,939
17 years$23,108$19,341$16,103$13,345$11,014$7,731
18 years$21,597$17,872$14,700$12,026$9,793$6,702
19 years$20,247$16,563$13,457$10,867$8,729$5,821
20 years$19,033$15,391$12,350$9,842$7,797$5,065
21 years$17,936$14,336$11,360$8,932$6,977$4,414
22 years$16,940$13,383$10,470$8,121$6,254$3,852
23 years$16,032$12,516$9,667$7,396$5,614$3,365
24 years$15,201$11,727$8,940$6,746$5,046$2,942
25 years$14,438$11,005$8,280$6,161$4,541$2,575
26 years$13,734$10,343$7,680$5,633$4,090$2,255
27 years$13,084$9,734$7,131$5,156$3,687$1,976
28 years$12,481$9,172$6,629$4,724$3,327$1,733
29 years$11,921$8,653$6,169$4,332$3,004$1,520
30 years$11,399$8,172$5,746$3,976$2,715$1,334
31 years$10,912$7,725$5,357$3,651$2,454$1,171
32 years$10,456$7,310$4,998$3,356$2,220$1,028
33 years$10,029$6,922$4,667$3,086$2,009$903
34 years$9,627$6,561$4,361$2,839$1,819$794
35 years$9,250$6,223$4,077$2,614$1,648$698
36 years$8,894$5,906$3,814$2,407$1,493$613
37 years$8,558$5,610$3,570$2,218$1,353$539
38 years$8,241$5,331$3,343$2,044$1,227$474
39 years$7,941$5,069$3,132$1,885$1,112$417
40 years$7,656$4,823$2,936$1,739$1,009$367
41 years$7,386$4,591$2,753$1,604$915$323
42 years$7,130$4,372$2,582$1,480$831$284
43 years$6,886$4,166$2,423$1,367$754$250
44 years$6,654$3,971$2,274$1,262$684$220
45 years$6,432$3,787$2,135$1,165$621$193
46 years$6,221$3,613$2,006$1,076$564$170
47 years$6,020$3,447$1,884$994$512$150
48 years$5,828$3,291$1,771$919$465$132
49 years$5,644$3,143$1,664$849$422$116
50 years$5,468$3,002$1,565$785$384$102

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 $6,030 every year, while hoping to spend $46,284 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: 62/26/12 Blend
50$5,600,000$5,600,000$5,600,000$5,600,000
51$6,177,420$5,880,620$5,793,820$6,542,593
52$6,758,271$6,119,525$5,938,667$7,027,013
53$7,396,818$6,368,584$6,086,815$7,549,720
54$8,098,896$6,628,248$6,238,327$8,119,147
55$8,870,935$6,898,984$6,393,263$8,739,823
56$9,720,021$7,181,284$6,551,687$9,416,731
57$10,653,956$7,475,661$6,713,662$10,155,350
58$11,681,342$7,782,650$6,879,252$10,961,711
59$12,811,653$8,102,814$7,048,521$11,842,448
60$14,055,328$8,436,738$7,221,533$12,804,862
61$15,423,870$8,785,037$7,398,352$13,856,987
62$16,929,952$9,148,351$7,579,045$15,007,667
63$18,587,539$9,527,352$7,763,675$16,266,633
64$20,412,019$9,922,743$7,952,308$17,644,598
65$22,420,344$10,335,257$8,145,010$19,153,354
66$24,631,197$10,765,663$8,341,846$20,805,884
67$27,065,163$11,214,764$8,542,881$22,616,478
68$29,744,923$11,683,401$8,748,181$24,600,872
69$32,695,470$12,172,453$8,957,811$26,776,390
70$35,944,346$12,682,840$9,171,835$29,162,108
71$39,521,895$13,215,525$9,390,317$31,779,031
72$43,461,558$13,771,516$9,613,323$34,650,288
73$47,800,183$14,351,865$9,840,914$37,801,351
74$52,578,371$14,957,677$10,073,155$41,260,270
75$57,840,866$15,590,104$10,310,107$45,057,938
76$63,636,970$16,250,355$10,551,831$49,228,376
77$70,021,010$16,939,692$10,798,387$53,809,057
78$77,052,855$17,659,438$11,049,834$58,841,252
79$84,798,473$18,410,978$11,306,231$64,370,420
80$93,330,561$19,195,759$11,567,633$70,446,630
81$102,729,225$20,015,298$11,834,095$77,125,037
82$113,082,739$20,871,181$12,105,671$84,466,391
83$124,488,379$21,765,069$12,382,411$92,537,615
84$137,053,336$22,698,700$12,664,365$101,412,428
85$150,895,734$23,673,894$12,951,579$111,172,038
86$166,145,740$24,692,556$13,244,098$121,905,905
87$182,946,794$25,756,680$13,541,963$133,712,584
88$201,456,962$26,868,352$13,845,214$146,700,645
89$221,850,430$28,029,759$14,153,886$160,989,701
90$244,319,144$29,243,187$14,468,012$176,711,524
91$269,074,627$30,511,033$14,787,620$194,011,293
92$296,349,968$31,835,804$15,112,735$213,048,952
93$326,402,031$33,220,124$15,443,378$234,000,719
94$359,513,872$34,666,744$15,779,565$257,060,741
95$395,997,414$36,178,542$16,121,307$282,442,923
96$436,196,391$37,758,531$16,468,612$310,382,942
97$480,489,592$39,409,868$16,821,479$341,140,462
98$529,294,436$41,135,857$17,179,904$375,001,583
99$583,070,913$42,939,959$17,543,876$412,281,531
100$642,325,927$44,825,798$17,913,377$453,327,629