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%11.7%
1 years$487,216$482,877$478,642$474,510$470,474$467,118
2 years$241,196$236,704$232,351$228,130$224,035$220,651
3 years$159,200$154,689$150,346$146,165$142,137$138,829
4 years$118,210$113,713$109,414$105,304$101,373$98,168
5 years$93,623$89,152$84,909$80,883$77,063$73,969
6 years$77,236$72,799$68,619$64,683$60,977$57,999
7 years$65,536$61,137$57,023$53,179$49,591$46,729
8 years$56,765$52,406$48,360$44,611$41,140$38,396
9 years$49,947$45,628$41,653$37,999$34,646$32,018
10 years$44,496$40,219$36,314$32,755$29,520$27,007
11 years$40,038$35,805$31,970$28,507$25,388$22,988
12 years$36,327$32,136$28,373$25,004$22,001$19,712
13 years$33,188$29,042$25,349$22,075$19,185$17,005
14 years$30,501$26,398$22,776$19,596$16,818$14,743
15 years$28,174$24,115$20,564$17,476$14,808$12,836
16 years$26,139$22,125$18,644$15,648$13,087$11,216
17 years$24,346$20,377$16,965$14,059$11,604$9,830
18 years$22,754$18,829$15,487$12,670$10,318$8,637
19 years$21,331$17,450$14,178$11,449$9,196$7,607
20 years$20,052$16,216$13,012$10,369$8,214$6,712
21 years$18,897$15,104$11,968$9,411$7,351$5,933
22 years$17,847$14,099$11,031$8,556$6,589$5,252
23 years$16,891$13,187$10,185$7,792$5,915$4,655
24 years$16,015$12,355$9,419$7,107$5,316$4,130
25 years$15,211$11,595$8,724$6,491$4,784$3,669
26 years$14,470$10,897$8,091$5,935$4,309$3,261
27 years$13,785$10,256$7,513$5,432$3,885$2,902
28 years$13,150$9,664$6,985$4,977$3,506$2,583
29 years$12,560$9,117$6,500$4,564$3,165$2,301
30 years$12,010$8,610$6,054$4,189$2,860$2,051
31 years$11,497$8,139$5,644$3,847$2,586$1,829
32 years$11,016$7,701$5,266$3,535$2,339$1,632
33 years$10,566$7,293$4,917$3,251$2,117$1,456
34 years$10,143$6,912$4,594$2,991$1,917$1,300
35 years$9,745$6,556$4,295$2,754$1,736$1,161
36 years$9,371$6,223$4,018$2,536$1,573$1,037
37 years$9,017$5,910$3,761$2,337$1,426$927
38 years$8,682$5,617$3,522$2,154$1,292$828
39 years$8,366$5,341$3,300$1,986$1,172$740
40 years$8,066$5,082$3,093$1,832$1,063$662
41 years$7,782$4,837$2,900$1,690$964$592
42 years$7,512$4,607$2,720$1,560$875$529
43 years$7,255$4,389$2,553$1,440$794$473
44 years$7,010$4,184$2,396$1,329$721$423
45 years$6,777$3,990$2,250$1,228$654$379
46 years$6,555$3,806$2,113$1,134$594$339
47 years$6,343$3,632$1,985$1,048$540$303
48 years$6,140$3,467$1,866$968$490$271
49 years$5,946$3,311$1,754$895$445$243
50 years$5,760$3,163$1,649$827$404$217

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 $2,660 every year, while hoping to spend $45,658 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: 66/15/19 Blend
50$5,900,000$5,900,000$5,900,000$5,900,000
51$6,504,544$6,191,844$6,100,394$6,902,853
52$7,119,427$6,446,664$6,256,177$7,424,916
53$7,795,499$6,712,441$6,415,649$7,989,895
54$8,538,952$6,989,662$6,578,885$8,606,425
55$9,356,608$7,278,839$6,745,961$9,279,564
56$10,255,986$7,580,506$6,916,954$10,014,880
57$11,245,368$7,895,222$7,091,944$10,818,501
58$12,333,880$8,223,572$7,271,009$11,697,170
59$13,531,577$8,566,169$7,454,229$12,658,314
60$14,849,538$8,923,651$7,641,685$13,710,107
61$16,299,969$9,296,689$7,833,460$14,861,549
62$17,896,322$9,685,982$8,029,637$16,122,550
63$19,653,416$10,092,265$8,230,299$17,504,020
64$21,587,581$10,516,302$8,435,531$19,017,974
65$23,716,811$10,958,898$8,645,418$20,677,642
66$26,060,932$11,420,890$8,860,046$22,497,594
67$28,641,791$11,903,157$9,079,501$24,493,874
68$31,483,461$12,406,619$9,303,872$26,684,153
69$34,612,468$12,932,238$9,533,245$29,087,893
70$38,058,041$13,481,019$9,767,710$31,726,529
71$41,852,388$14,054,015$10,007,355$34,623,669
72$46,031,000$14,652,330$10,252,270$37,805,318
73$50,632,985$15,277,118$10,502,544$41,300,119
74$55,701,437$15,929,584$10,758,267$45,139,625
75$61,283,844$16,610,994$11,019,529$49,358,589
76$67,432,533$17,322,670$11,286,421$53,995,297
77$74,205,168$18,065,997$11,559,032$59,091,924
78$81,665,288$18,842,424$11,837,453$64,694,931
79$89,882,913$19,653,469$12,121,774$70,855,501
80$98,935,201$20,500,720$12,412,084$77,630,019
81$108,907,175$21,385,839$12,708,472$85,080,605
82$119,892,530$22,310,567$13,011,028$93,275,695
83$131,994,510$23,276,727$13,319,840$102,290,686
84$145,326,890$24,286,226$13,634,994$112,208,647
85$160,015,044$25,341,063$13,956,578$123,121,096
86$176,197,131$26,443,328$14,284,677$135,128,866
87$194,025,399$27,595,211$14,619,374$148,343,049
88$213,667,619$28,799,006$14,960,752$162,886,048
89$235,308,672$30,057,113$15,308,893$178,892,723
90$259,152,291$31,372,047$15,663,876$196,511,666
91$285,422,987$32,746,439$16,025,778$215,906,597
92$314,368,165$34,183,047$16,394,674$237,257,907
93$346,260,459$35,684,758$16,770,637$260,764,360
94$381,400,310$37,254,596$17,153,738$286,644,960
95$420,118,796$38,895,725$17,544,043$315,141,020
96$462,780,761$40,611,464$17,941,616$346,518,431
97$509,788,257$42,405,283$18,346,518$381,070,175
98$561,584,338$44,280,822$18,758,806$419,119,076
99$618,657,247$46,241,888$19,178,532$461,020,854
100$681,545,019$48,292,473$19,605,745$507,167,470