Can I retire at age 51 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$346,832$343,743$340,729$337,787$334,914$322,774
2 years$171,699$168,501$165,402$162,397$159,483$147,385
3 years$113,329$110,117$107,026$104,050$101,182$89,508
4 years$84,150$80,948$77,888$74,962$72,164$61,001
5 years$66,647$63,464$60,444$57,578$54,858$44,236
6 years$54,982$51,823$48,848$46,046$43,407$33,334
7 years$46,653$43,521$40,593$37,857$35,302$25,775
8 years$40,409$37,306$34,426$31,757$29,286$20,298
9 years$35,556$32,481$29,651$27,050$24,663$16,201
10 years$31,675$28,631$25,850$23,317$21,014$13,063
11 years$28,502$25,488$22,758$20,293$18,073$10,616
12 years$25,860$22,877$20,197$17,800$15,662$8,681
13 years$23,626$20,674$18,045$15,714$13,657$7,134
14 years$21,712$18,792$16,214$13,950$11,972$5,886
15 years$20,056$17,167$14,639$12,441$10,541$4,871
16 years$18,608$15,750$13,272$11,139$9,316$4,042
17 years$17,331$14,505$12,077$10,008$8,260$3,361
18 years$16,198$13,404$11,025$9,020$7,345$2,800
19 years$15,185$12,422$10,093$8,150$6,547$2,336
20 years$14,274$11,543$9,263$7,381$5,847$1,951
21 years$13,452$10,752$8,520$6,699$5,233$1,631
22 years$12,705$10,037$7,852$6,091$4,690$1,365
23 years$12,024$9,387$7,250$5,547$4,210$1,143
24 years$11,401$8,795$6,705$5,059$3,784$958
25 years$10,828$8,254$6,210$4,621$3,405$803
26 years$10,301$7,757$5,760$4,225$3,067$673
27 years$9,813$7,301$5,348$3,867$2,766$565
28 years$9,361$6,879$4,972$3,543$2,495$474
29 years$8,941$6,490$4,627$3,249$2,253$398
30 years$8,549$6,129$4,310$2,982$2,036$334
31 years$8,184$5,794$4,018$2,739$1,841$280
32 years$7,842$5,482$3,749$2,517$1,665$235
33 years$7,522$5,192$3,500$2,314$1,507$198
34 years$7,221$4,921$3,270$2,129$1,364$166
35 years$6,937$4,667$3,058$1,960$1,236$139
36 years$6,671$4,430$2,860$1,805$1,120$117
37 years$6,419$4,207$2,677$1,663$1,015$98
38 years$6,181$3,998$2,507$1,533$920$83
39 years$5,956$3,802$2,349$1,414$834$69
40 years$5,742$3,617$2,202$1,304$757$58
41 years$5,540$3,443$2,064$1,203$687$49
42 years$5,347$3,279$1,937$1,110$623$41
43 years$5,164$3,125$1,817$1,025$565$35
44 years$4,990$2,978$1,706$946$513$29
45 years$4,824$2,840$1,602$874$466$24
46 years$4,666$2,709$1,504$807$423$21
47 years$4,515$2,586$1,413$746$384$17
48 years$4,371$2,468$1,328$689$349$15
49 years$4,233$2,357$1,248$637$317$12
50 years$4,101$2,252$1,174$589$288$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $4,200,000, adding $2,492 every year, while hoping to spend $51,110 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: 83/5/12 Blend
50$4,200,000$4,200,000$4,200,000$4,200,000
51$4,630,970$4,408,370$4,343,270$5,005,401
52$5,048,949$4,570,000$4,434,389$5,412,677
53$5,507,848$4,737,836$4,526,848$5,852,839
54$6,011,788$4,912,130$4,620,637$6,334,707
55$6,565,307$5,093,141$4,715,745$6,862,445
56$7,173,405$5,281,142$4,812,159$7,440,637
57$7,841,590$5,476,415$4,909,864$8,074,335
58$8,575,929$5,679,257$5,008,842$8,769,102
59$9,383,108$5,889,974$5,109,072$9,531,067
60$10,270,491$6,108,888$5,210,531$10,366,980
61$11,246,191$6,336,334$5,313,194$11,284,275
62$12,319,148$6,572,660$5,417,032$12,291,146
63$13,499,211$6,818,230$5,522,012$13,396,615
64$14,797,231$7,073,424$5,628,100$14,610,623
65$16,225,163$7,338,637$5,735,256$15,944,123
66$17,796,181$7,614,281$5,843,439$17,409,178
67$19,524,799$7,900,788$5,952,601$19,019,082
68$21,427,008$8,198,606$6,062,692$20,788,479
69$23,520,428$8,508,203$6,173,658$22,733,503
70$25,824,475$8,830,069$6,285,439$24,871,933
71$28,360,542$9,164,712$6,397,971$27,223,352
72$31,152,199$9,512,665$6,511,185$29,809,341
73$34,225,420$9,874,482$6,625,006$32,653,677
74$37,608,824$10,250,743$6,739,355$35,782,558
75$41,333,946$10,642,051$6,854,146$39,224,847
76$45,435,534$11,049,038$6,969,286$43,012,351
77$49,951,879$11,472,361$7,084,677$47,180,114
78$54,925,172$11,912,708$7,200,215$51,766,749
79$60,401,903$12,370,794$7,315,786$56,814,806
80$66,433,304$12,847,370$7,431,271$62,371,167
81$73,075,826$13,343,215$7,546,543$68,487,491
82$80,391,674$13,859,147$7,661,466$75,220,701
83$88,449,394$14,396,015$7,775,896$82,633,522
84$97,324,523$14,954,710$7,889,678$90,795,070
85$107,100,293$15,536,159$8,002,651$99,781,505
86$117,868,424$16,141,333$8,114,641$109,676,749
87$129,729,988$16,771,243$8,225,467$120,573,278
88$142,796,359$17,426,946$8,334,932$132,572,995
89$157,190,269$18,109,547$8,442,833$145,788,189
90$173,046,960$18,820,199$8,548,953$160,342,597
91$190,515,468$19,560,107$8,653,060$176,372,570
92$209,760,022$20,330,528$8,754,914$194,028,357
93$230,961,597$21,132,777$8,854,256$213,475,528
94$254,319,624$21,968,227$8,950,818$234,896,532
95$280,053,867$22,838,312$9,044,312$258,492,421
96$308,406,503$23,744,531$9,134,438$284,484,744
97$339,644,404$24,688,449$9,220,878$313,117,641
98$374,061,653$25,671,704$9,303,298$344,660,147
99$411,982,328$26,696,004$9,381,345$379,408,725
100$453,763,553$27,763,135$9,454,648$417,690,073