Can I retire at age 51 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$478,959$474,692$470,530$466,467$462,500$450,406
2 years$237,108$232,692$228,413$224,263$220,238$208,136
3 years$156,502$152,067$147,798$143,688$139,728$127,996
4 years$116,207$111,785$107,559$103,519$99,655$88,384
5 years$92,036$87,641$83,470$79,512$75,756$64,977
6 years$75,927$71,566$67,456$63,587$59,943$49,667
7 years$64,426$60,101$56,057$52,278$48,750$38,977
8 years$55,803$51,517$47,540$43,855$40,443$31,168
9 years$49,101$44,855$40,947$37,355$34,059$25,274
10 years$43,742$39,538$35,698$32,200$29,020$20,714
11 years$39,360$35,198$31,428$28,024$24,958$17,120
12 years$35,711$31,592$27,892$24,580$21,628$14,242
13 years$32,626$28,550$24,919$21,701$18,860$11,912
14 years$29,984$25,951$22,390$19,264$16,533$10,006
15 years$27,696$23,707$20,215$17,180$14,557$8,436
16 years$25,696$21,750$18,328$15,383$12,865$7,132
17 years$23,933$20,031$16,678$13,821$11,407$6,045
18 years$22,368$18,510$15,225$12,456$10,143$5,134
19 years$20,970$17,155$13,938$11,255$9,040$4,368
20 years$19,712$15,941$12,791$10,193$8,075$3,722
21 years$18,576$14,848$11,765$9,251$7,226$3,175
22 years$17,545$13,860$10,844$8,411$6,477$2,711
23 years$16,605$12,963$10,012$7,660$5,814$2,317
24 years$15,744$12,146$9,260$6,987$5,226$1,982
25 years$14,953$11,398$8,576$6,381$4,703$1,696
26 years$14,225$10,713$7,954$5,834$4,236$1,453
27 years$13,551$10,082$7,386$5,340$3,819$1,244
28 years$12,927$9,500$6,866$4,893$3,446$1,067
29 years$12,347$8,962$6,390$4,487$3,112$914
30 years$11,806$8,464$5,952$4,118$2,812$784
31 years$11,302$8,001$5,549$3,782$2,542$673
32 years$10,830$7,571$5,177$3,476$2,299$577
33 years$10,387$7,170$4,834$3,196$2,081$495
34 years$9,971$6,795$4,516$2,941$1,884$425
35 years$9,580$6,445$4,222$2,707$1,706$365
36 years$9,212$6,117$3,950$2,493$1,546$313
37 years$8,864$5,810$3,697$2,297$1,401$269
38 years$8,535$5,522$3,462$2,117$1,270$231
39 years$8,224$5,250$3,244$1,952$1,152$198
40 years$7,930$4,995$3,040$1,801$1,045$170
41 years$7,650$4,755$2,851$1,661$948$146
42 years$7,384$4,529$2,674$1,533$860$126
43 years$7,132$4,315$2,509$1,415$781$108
44 years$6,891$4,113$2,355$1,307$709$93
45 years$6,662$3,922$2,212$1,207$643$80
46 years$6,444$3,742$2,077$1,115$584$68
47 years$6,235$3,571$1,952$1,030$530$59
48 years$6,036$3,409$1,834$952$482$50
49 years$5,845$3,255$1,724$880$437$43
50 years$5,663$3,109$1,621$813$397$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $5,800,000, adding $3,893 every year, while hoping to spend $35,229 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: 64/29/7 Blend
50$5,800,000$5,800,000$5,800,000$5,800,000
51$6,395,616$6,088,216$5,998,316$6,796,415
52$7,010,485$6,349,055$6,161,776$7,324,642
53$7,686,890$6,621,494$6,329,531$7,896,809
54$8,431,071$6,906,066$6,501,688$8,520,789
55$9,249,902$7,203,324$6,678,357$9,201,607
56$10,150,958$7,513,853$6,859,647$9,944,791
57$11,142,585$7,838,261$7,045,675$10,756,421
58$12,233,979$8,177,186$7,236,555$11,643,186
59$13,435,273$8,531,297$7,432,408$12,612,444
60$14,757,632$8,901,291$7,633,355$13,672,291
61$16,213,358$9,287,903$7,839,520$14,831,635
62$17,816,008$9,691,897$8,051,031$16,100,281
63$19,580,518$10,114,077$8,268,018$17,489,015
64$21,523,347$10,555,283$8,490,612$19,009,712
65$23,662,631$11,016,395$8,718,951$20,675,441
66$26,018,355$11,498,334$8,953,172$22,500,586
67$28,612,541$12,002,066$9,193,417$24,500,984
68$31,469,453$12,528,600$9,439,829$26,694,064
69$34,615,832$13,078,995$9,692,557$29,099,020
70$38,081,140$13,654,360$9,951,752$31,736,979
71$41,897,846$14,255,853$10,217,565$34,631,205
72$46,101,728$14,884,691$10,490,155$37,807,313
73$50,732,210$15,542,147$10,769,681$41,293,506
74$55,832,737$16,229,554$11,056,307$45,120,843
75$61,451,181$16,948,307$11,350,199$49,323,524
76$67,640,298$17,699,870$11,651,526$53,939,213
77$74,458,218$18,485,774$11,960,462$59,009,390
78$81,969,003$19,307,624$12,277,184$64,579,734
79$90,243,243$20,167,099$12,601,872$70,700,557
80$99,358,728$21,065,961$12,934,709$77,427,271
81$109,401,179$22,006,053$13,275,882$84,820,909
82$120,465,057$22,989,308$13,625,582$92,948,693
83$132,654,457$24,017,748$13,984,003$101,884,670
84$146,084,088$25,093,494$14,351,343$111,710,401
85$160,880,355$26,218,766$14,727,804$122,515,727
86$177,182,556$27,395,890$15,113,590$134,399,615
87$195,144,193$28,627,304$15,508,911$147,471,083
88$214,934,420$29,915,562$15,913,979$161,850,226
89$236,739,644$31,263,338$16,329,011$177,669,342
90$260,765,282$32,673,435$16,754,226$195,074,176
91$287,237,697$34,148,790$17,189,850$214,225,288
92$316,406,341$35,692,480$17,636,109$235,299,564
93$348,546,105$37,307,728$18,093,235$258,491,876
94$383,959,913$38,997,913$18,561,464$284,016,916
95$422,981,586$40,766,572$19,041,035$312,111,216
96$465,978,989$42,617,416$19,532,191$343,035,369
97$513,357,506$44,554,329$20,035,180$377,076,484
98$565,563,864$46,581,384$20,550,251$414,550,888
99$623,090,354$48,702,847$21,077,659$455,807,098
100$686,479,473$50,923,189$21,617,664$501,229,108