Can I retire at age 51 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$487,216$482,877$478,642$474,510$470,474$454,686
2 years$241,196$236,704$232,351$228,130$224,035$208,285
3 years$159,200$154,689$150,346$146,165$142,137$126,919
4 years$118,210$113,713$109,414$105,304$101,373$86,804
5 years$93,623$89,152$84,909$80,883$77,063$63,180
6 years$77,236$72,799$68,619$64,683$60,977$47,793
7 years$65,536$61,137$57,023$53,179$49,591$37,103
8 years$56,765$52,406$48,360$44,611$41,140$29,340
9 years$49,947$45,628$41,653$37,999$34,646$23,518
10 years$44,496$40,219$36,314$32,755$29,520$19,047
11 years$40,038$35,805$31,970$28,507$25,388$15,550
12 years$36,327$32,136$28,373$25,004$22,001$12,776
13 years$33,188$29,042$25,349$22,075$19,185$10,549
14 years$30,501$26,398$22,776$19,596$16,818$8,745
15 years$28,174$24,115$20,564$17,476$14,808$7,274
16 years$26,139$22,125$18,644$15,648$13,087$6,067
17 years$24,346$20,377$16,965$14,059$11,604$5,071
18 years$22,754$18,829$15,487$12,670$10,318$4,247
19 years$21,331$17,450$14,178$11,449$9,196$3,562
20 years$20,052$16,216$13,012$10,369$8,214$2,991
21 years$18,897$15,104$11,968$9,411$7,351$2,514
22 years$17,847$14,099$11,031$8,556$6,589$2,115
23 years$16,891$13,187$10,185$7,792$5,915$1,781
24 years$16,015$12,355$9,419$7,107$5,316$1,501
25 years$15,211$11,595$8,724$6,491$4,784$1,265
26 years$14,470$10,897$8,091$5,935$4,309$1,067
27 years$13,785$10,256$7,513$5,432$3,885$900
28 years$13,150$9,664$6,985$4,977$3,506$760
29 years$12,560$9,117$6,500$4,564$3,165$641
30 years$12,010$8,610$6,054$4,189$2,860$541
31 years$11,497$8,139$5,644$3,847$2,586$457
32 years$11,016$7,701$5,266$3,535$2,339$386
33 years$10,566$7,293$4,917$3,251$2,117$326
34 years$10,143$6,912$4,594$2,991$1,917$275
35 years$9,745$6,556$4,295$2,754$1,736$233
36 years$9,371$6,223$4,018$2,536$1,573$197
37 years$9,017$5,910$3,761$2,337$1,426$166
38 years$8,682$5,617$3,522$2,154$1,292$140
39 years$8,366$5,341$3,300$1,986$1,172$119
40 years$8,066$5,082$3,093$1,832$1,063$100
41 years$7,782$4,837$2,900$1,690$964$85
42 years$7,512$4,607$2,720$1,560$875$72
43 years$7,255$4,389$2,553$1,440$794$61
44 years$7,010$4,184$2,396$1,329$721$51
45 years$6,777$3,990$2,250$1,228$654$43
46 years$6,555$3,806$2,113$1,134$594$37
47 years$6,343$3,632$1,985$1,048$540$31
48 years$6,140$3,467$1,866$968$490$26
49 years$5,946$3,311$1,754$895$445$22
50 years$5,760$3,163$1,649$827$404$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $5,900,000, adding $2,207 every year, while hoping to spend $33,549 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: 43/41/16 Blend
50$5,900,000$5,900,000$5,900,000$5,900,000
51$6,504,077$6,191,377$6,099,927$6,753,397
52$7,131,796$6,459,058$6,268,578$7,196,496
53$7,822,419$6,738,732$6,441,755$7,672,753
54$8,582,326$7,030,949$6,619,574$8,188,007
55$9,418,547$7,336,289$6,802,153$8,745,857
56$10,338,828$7,655,357$6,989,615$9,350,253
57$11,351,705$7,988,786$7,182,083$10,005,534
58$12,466,582$8,337,240$7,379,687$10,716,463
59$13,693,823$8,701,414$7,582,555$11,488,271
60$15,044,845$9,082,035$7,790,823$12,326,704
61$16,532,230$9,479,866$8,004,626$13,238,074
62$18,169,842$9,895,704$8,224,106$14,229,316
63$19,972,957$10,330,384$8,449,405$15,308,054
64$21,958,408$10,784,783$8,680,669$16,482,664
65$24,144,744$11,259,815$8,918,050$17,762,354
66$26,552,403$11,756,442$9,161,700$19,157,248
67$29,203,908$12,275,667$9,411,777$20,678,477
68$32,124,076$12,818,544$9,668,440$22,338,279
69$35,340,254$13,386,175$9,931,855$24,150,116
70$38,882,577$13,979,715$10,202,190$26,128,792
71$42,784,252$14,600,373$10,479,616$28,290,590
72$47,081,872$15,249,417$10,764,308$30,653,424
73$51,815,757$15,928,173$11,056,447$33,237,002
74$57,030,342$16,638,031$11,356,216$36,063,007
75$62,774,590$17,380,448$11,663,802$39,155,299
76$69,102,457$18,156,948$11,979,398$42,540,133
77$76,073,399$18,969,130$12,303,199$46,246,403
78$83,752,936$19,818,668$12,635,407$50,305,909
79$92,213,267$20,707,314$12,976,224$54,753,652
80$101,533,954$21,636,906$13,325,862$59,628,157
81$111,802,671$22,609,369$13,684,532$64,971,833
82$123,116,034$23,626,719$14,052,455$70,831,367
83$135,580,509$24,691,067$14,429,851$77,258,152
84$149,313,419$25,804,628$14,816,949$84,308,775
85$164,444,053$26,969,719$15,213,982$92,045,535
86$181,114,882$28,188,772$15,621,186$100,537,028
87$199,482,909$29,464,330$16,038,804$109,858,787
88$219,721,144$30,799,061$16,467,083$120,093,982
89$242,020,246$32,195,759$16,906,275$131,334,204
90$266,590,313$33,657,354$17,356,638$143,680,311
91$293,662,874$35,186,913$17,818,434$157,243,378
92$323,493,066$36,787,651$18,291,931$172,145,733
93$356,362,051$38,462,938$18,777,402$188,522,101
94$392,579,661$40,216,303$19,275,127$206,520,865
95$432,487,332$42,051,447$19,785,389$226,305,454
96$476,461,318$43,972,246$20,308,477$248,055,877
97$524,916,249$45,982,763$20,844,688$271,970,407
98$578,309,044$48,087,256$21,394,322$298,267,440
99$637,143,220$50,290,185$21,957,686$327,187,544
100$701,973,652$52,596,228$22,535,093$358,995,713