Can I retire at age 51 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$371,606$368,296$365,066$361,914$358,836$351,304
2 years$183,963$180,537$177,217$173,997$170,874$163,321
3 years$121,424$117,983$114,671$111,482$108,410$101,071
4 years$90,160$86,730$83,451$80,316$77,319$70,252
5 years$71,407$67,997$64,761$61,691$58,776$52,001
6 years$58,909$55,525$52,337$49,334$46,508$40,031
7 years$49,985$46,630$43,492$40,561$37,823$31,646
8 years$43,296$39,970$36,885$34,025$31,378$25,499
9 years$38,095$34,801$31,769$28,982$26,425$20,839
10 years$33,937$30,676$27,697$24,983$22,515$17,218
11 years$30,538$27,309$24,384$21,742$19,364$14,348
12 years$27,707$24,511$21,640$19,071$16,780$12,039
13 years$25,313$22,151$19,334$16,837$14,633$10,157
14 years$23,263$20,134$17,372$14,946$12,827$8,608
15 years$21,488$18,393$15,684$13,329$11,294$7,323
16 years$19,937$16,875$14,220$11,935$9,982$6,249
17 years$18,569$15,542$12,940$10,723$8,850$5,347
18 years$17,355$14,361$11,812$9,664$7,869$4,585
19 years$16,270$13,310$10,814$8,732$7,014$3,939
20 years$15,294$12,368$9,924$7,909$6,265$3,389
21 years$14,413$11,520$9,128$7,178$5,607$2,920
22 years$13,612$10,754$8,413$6,526$5,026$2,519
23 years$12,883$10,058$7,768$5,943$4,511$2,175
24 years$12,215$9,424$7,184$5,421$4,055$1,879
25 years$11,602$8,844$6,654$4,951$3,649$1,625
26 years$11,036$8,311$6,171$4,527$3,287$1,406
27 years$10,514$7,822$5,731$4,143$2,963$1,218
28 years$10,030$7,371$5,327$3,796$2,674$1,055
29 years$9,579$6,953$4,957$3,481$2,414$914
30 years$9,160$6,567$4,618$3,195$2,181$792
31 years$8,769$6,208$4,305$2,934$1,972$687
32 years$8,402$5,874$4,017$2,697$1,784$596
33 years$8,059$5,563$3,750$2,480$1,615$517
34 years$7,736$5,272$3,504$2,282$1,462$448
35 years$7,433$5,000$3,276$2,100$1,324$389
36 years$7,147$4,746$3,065$1,934$1,200$338
37 years$6,877$4,508$2,868$1,782$1,087$293
38 years$6,622$4,284$2,686$1,643$986$255
39 years$6,381$4,074$2,517$1,515$894$221
40 years$6,152$3,876$2,359$1,397$811$192
41 years$5,935$3,689$2,212$1,289$736$167
42 years$5,729$3,514$2,075$1,190$667$145
43 years$5,533$3,348$1,947$1,098$606$126
44 years$5,347$3,191$1,828$1,014$550$109
45 years$5,169$3,043$1,716$936$499$95
46 years$4,999$2,903$1,612$865$453$82
47 years$4,838$2,770$1,514$799$412$72
48 years$4,683$2,645$1,423$738$374$62
49 years$4,535$2,525$1,337$682$339$54
50 years$4,394$2,412$1,257$631$308$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $4,500,000, adding $5,526 every year, while hoping to spend $55,816 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: 53/31/16 Blend
50$4,500,000$4,500,000$4,500,000$4,500,000
51$4,964,700$4,726,200$4,656,450$5,206,161
52$5,411,712$4,898,396$4,753,053$5,544,070
53$5,902,448$5,077,159$4,851,022$5,905,160
54$6,441,309$5,262,752$4,950,343$6,296,809
55$7,033,144$5,455,448$5,051,001$6,721,932
56$7,683,293$5,655,533$5,152,978$7,183,740
57$8,397,640$5,863,305$5,256,253$7,685,762
58$9,182,665$6,079,073$5,360,804$8,231,881
59$10,045,509$6,303,160$5,466,603$8,826,368
60$10,994,040$6,535,903$5,573,623$9,473,922
61$12,036,923$6,777,653$5,681,830$10,179,715
62$13,183,707$7,028,776$5,791,189$10,949,436
63$14,444,912$7,289,653$5,901,661$11,789,348
64$15,832,128$7,560,681$6,013,202$12,706,343
65$17,358,127$7,842,276$6,125,766$13,708,005
66$19,036,977$8,134,870$6,239,301$14,802,686
67$20,884,183$8,438,912$6,353,751$15,999,577
68$22,916,824$8,754,874$6,469,057$17,308,799
69$25,153,723$9,083,245$6,585,153$18,741,492
70$27,615,615$9,424,537$6,701,968$20,309,923
71$30,325,352$9,779,283$6,819,428$22,027,598
72$33,308,109$10,148,039$6,937,450$23,909,391
73$36,591,629$10,531,386$7,055,947$25,971,678
74$40,206,480$10,929,928$7,174,826$28,232,496
75$44,186,345$11,344,298$7,293,987$30,711,705
76$48,568,338$11,775,155$7,413,321$33,431,180
77$53,393,356$12,223,186$7,532,715$36,415,012
78$58,706,465$12,689,108$7,652,047$39,689,735
79$64,557,320$13,173,670$7,771,187$43,284,574
80$71,000,641$13,677,654$7,889,996$47,231,720
81$78,096,722$14,201,875$8,008,327$51,566,628
82$85,912,006$14,747,185$8,126,024$56,328,357
83$94,519,704$15,314,471$8,242,920$61,559,930
84$104,000,496$15,904,662$8,358,839$67,308,738
85$114,443,281$16,518,725$8,473,595$73,626,991
86$125,946,025$17,157,671$8,586,989$80,572,202
87$138,616,678$17,822,556$8,698,812$88,207,729
88$152,574,199$18,514,481$8,808,842$96,603,374
89$167,949,674$19,234,597$8,916,845$105,836,034
90$184,887,554$19,984,106$9,022,572$115,990,427
91$203,547,018$20,764,261$9,125,762$127,159,890
92$224,103,477$21,576,373$9,226,139$139,447,252
93$246,750,227$22,421,810$9,323,410$152,965,808
94$271,700,274$23,302,002$9,417,267$167,840,380
95$299,188,343$24,218,442$9,507,387$184,208,494
96$329,473,096$25,172,688$9,593,427$202,221,676
97$362,839,573$26,166,370$9,675,027$222,046,875
98$399,601,876$27,201,189$9,751,808$243,868,039
99$440,106,144$28,278,924$9,823,369$267,887,845
100$484,733,810$29,401,431$9,889,292$294,329,608