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%12.9%
1 years$478,959$474,692$470,530$466,467$462,500$456,910
2 years$237,108$232,692$228,413$224,263$220,238$214,613
3 years$156,502$152,067$147,798$143,688$139,728$134,242
4 years$116,207$111,785$107,559$103,519$99,655$94,350
5 years$92,036$87,641$83,470$79,512$75,756$70,648
6 years$75,927$71,566$67,456$63,587$59,943$55,038
7 years$64,426$60,101$56,057$52,278$48,750$44,050
8 years$55,803$51,517$47,540$43,855$40,443$35,947
9 years$49,101$44,855$40,947$37,355$34,059$29,765
10 years$43,742$39,538$35,698$32,200$29,020$24,926
11 years$39,360$35,198$31,428$28,024$24,958$21,060
12 years$35,711$31,592$27,892$24,580$21,628$17,922
13 years$32,626$28,550$24,919$21,701$18,860$15,341
14 years$29,984$25,951$22,390$19,264$16,533$13,196
15 years$27,696$23,707$20,215$17,180$14,557$11,397
16 years$25,696$21,750$18,328$15,383$12,865$9,876
17 years$23,933$20,031$16,678$13,821$11,407$8,584
18 years$22,368$18,510$15,225$12,456$10,143$7,478
19 years$20,970$17,155$13,938$11,255$9,040$6,529
20 years$19,712$15,941$12,791$10,193$8,075$5,711
21 years$18,576$14,848$11,765$9,251$7,226$5,003
22 years$17,545$13,860$10,844$8,411$6,477$4,389
23 years$16,605$12,963$10,012$7,660$5,814$3,855
24 years$15,744$12,146$9,260$6,987$5,226$3,389
25 years$14,953$11,398$8,576$6,381$4,703$2,982
26 years$14,225$10,713$7,954$5,834$4,236$2,626
27 years$13,551$10,082$7,386$5,340$3,819$2,314
28 years$12,927$9,500$6,866$4,893$3,446$2,041
29 years$12,347$8,962$6,390$4,487$3,112$1,800
30 years$11,806$8,464$5,952$4,118$2,812$1,589
31 years$11,302$8,001$5,549$3,782$2,542$1,403
32 years$10,830$7,571$5,177$3,476$2,299$1,240
33 years$10,387$7,170$4,834$3,196$2,081$1,095
34 years$9,971$6,795$4,516$2,941$1,884$968
35 years$9,580$6,445$4,222$2,707$1,706$856
36 years$9,212$6,117$3,950$2,493$1,546$757
37 years$8,864$5,810$3,697$2,297$1,401$669
38 years$8,535$5,522$3,462$2,117$1,270$592
39 years$8,224$5,250$3,244$1,952$1,152$524
40 years$7,930$4,995$3,040$1,801$1,045$464
41 years$7,650$4,755$2,851$1,661$948$410
42 years$7,384$4,529$2,674$1,533$860$363
43 years$7,132$4,315$2,509$1,415$781$321
44 years$6,891$4,113$2,355$1,307$709$284
45 years$6,662$3,922$2,212$1,207$643$252
46 years$6,444$3,742$2,077$1,115$584$223
47 years$6,235$3,571$1,952$1,030$530$197
48 years$6,036$3,409$1,834$952$482$175
49 years$5,845$3,255$1,724$880$437$155
50 years$5,663$3,109$1,621$813$397$137

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 $2,250 every year, while hoping to spend $35,824 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: 63/30/7 Blend
50$5,800,000$5,800,000$5,800,000$5,800,000
51$6,393,921$6,086,521$5,996,621$6,788,108
52$7,007,984$6,346,644$6,159,391$7,311,352
53$7,683,482$6,618,312$6,326,414$7,877,998
54$8,426,641$6,902,054$6,497,793$8,495,736
55$9,244,325$7,198,422$6,673,636$9,169,514
56$10,144,096$7,507,993$6,854,052$9,904,770
57$11,134,283$7,831,375$7,039,152$10,707,488
58$12,224,068$8,169,200$7,229,052$11,584,247
59$13,423,565$8,522,133$7,423,867$12,542,289
60$14,743,918$8,890,867$7,623,716$13,589,578
61$16,197,409$9,276,130$7,828,722$14,734,877
62$17,797,568$9,678,684$8,039,007$15,987,830
63$19,559,307$10,099,326$8,254,701$17,359,048
64$21,499,054$10,538,891$8,475,931$18,860,210
65$23,634,913$10,998,252$8,702,830$20,504,169
66$25,986,833$11,478,326$8,935,534$22,305,073
67$28,576,795$11,980,069$9,174,179$24,278,494
68$31,429,021$12,504,486$9,418,908$26,441,575
69$34,570,203$13,052,627$9,669,863$28,813,187
70$38,029,750$13,625,592$9,927,190$31,414,107
71$41,840,074$14,224,535$10,191,040$34,267,208
72$46,036,885$14,850,662$10,461,564$37,397,676
73$50,659,539$15,505,236$10,738,918$40,833,241
74$55,751,401$16,189,581$11,023,260$44,604,438
75$61,360,258$16,905,084$11,314,753$48,744,893
76$67,538,767$17,653,196$11,613,560$53,291,632
77$74,344,957$18,435,439$11,919,850$58,285,433
78$81,842,771$19,253,404$12,233,794$63,771,203
79$90,102,673$20,108,760$12,555,565$69,798,401
80$99,202,311$21,003,255$12,885,342$76,421,496
81$109,227,251$21,938,718$13,223,305$83,700,484
82$120,271,783$22,917,068$13,569,639$91,701,443
83$132,439,814$23,940,313$13,924,530$100,497,157
84$145,845,843$25,010,556$14,288,170$110,167,795
85$160,616,047$26,130,002$14,660,752$120,801,665
86$176,889,472$27,300,960$15,042,475$132,496,041
87$194,819,339$28,525,848$15,433,539$145,358,074
88$214,574,498$29,807,201$15,834,149$159,505,804
89$236,341,016$31,147,673$16,244,512$175,069,259
90$260,323,936$32,550,045$16,664,840$192,191,684
91$286,749,212$34,017,232$17,095,347$211,030,882
92$315,865,842$35,552,287$17,536,251$231,760,699
93$347,948,217$37,158,408$17,987,774$254,572,658
94$383,298,711$38,838,946$18,450,141$279,677,756
95$422,250,540$40,597,414$18,923,580$307,308,452
96$465,170,898$42,437,491$19,408,324$337,720,852
97$512,464,433$44,363,032$19,904,607$371,197,115
98$564,577,062$46,378,077$20,412,667$408,048,113
99$622,000,178$48,486,858$20,932,747$448,616,350
100$685,275,293$50,693,812$21,465,091$493,279,192