Can I retire at age 51 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$388,122$384,664$381,291$377,999$374,785$372,579
2 years$192,139$188,561$185,093$181,730$178,469$176,244
3 years$126,821$123,227$119,767$116,436$113,228$111,052
4 years$94,168$90,585$87,160$83,886$80,755$78,645
5 years$74,581$71,019$67,640$64,432$61,389$59,351
6 years$61,527$57,993$54,663$51,527$48,575$46,612
7 years$52,207$48,702$45,425$42,363$39,504$37,618
8 years$45,220$41,747$38,524$35,538$32,773$30,962
9 years$39,788$36,348$33,181$30,270$27,599$25,864
10 years$35,446$32,039$28,928$26,093$23,516$21,855
11 years$31,895$28,522$25,468$22,709$20,225$18,637
12 years$28,938$25,600$22,602$19,919$17,526$16,011
13 years$26,438$23,135$20,193$17,585$15,283$13,839
14 years$24,297$21,029$18,144$15,610$13,397$12,022
15 years$22,443$19,211$16,381$13,922$11,796$10,488
16 years$20,823$17,625$14,852$12,465$10,425$9,183
17 years$19,394$16,232$13,515$11,200$9,244$8,064
18 years$18,126$14,999$12,337$10,093$8,219$7,101
19 years$16,993$13,901$11,294$9,120$7,326$6,267
20 years$15,974$12,918$10,365$8,260$6,544$5,542
21 years$15,053$12,032$9,534$7,497$5,856$4,910
22 years$14,217$11,232$8,787$6,816$5,249$4,356
23 years$13,455$10,505$8,113$6,208$4,712$3,869
24 years$12,758$9,842$7,503$5,662$4,235$3,441
25 years$12,117$9,237$6,950$5,171$3,811$3,064
26 years$11,527$8,681$6,445$4,728$3,433$2,730
27 years$10,981$8,170$5,985$4,327$3,095$2,435
28 years$10,475$7,698$5,564$3,965$2,793$2,173
29 years$10,005$7,262$5,178$3,636$2,522$1,940
30 years$9,567$6,859$4,823$3,337$2,278$1,734
31 years$9,158$6,484$4,496$3,065$2,060$1,550
32 years$8,776$6,135$4,195$2,816$1,863$1,386
33 years$8,417$5,810$3,917$2,590$1,686$1,240
34 years$8,080$5,506$3,660$2,383$1,527$1,110
35 years$7,763$5,223$3,422$2,194$1,383$994
36 years$7,465$4,957$3,201$2,020$1,253$890
37 years$7,183$4,708$2,996$1,861$1,136$797
38 years$6,917$4,474$2,806$1,716$1,030$714
39 years$6,664$4,255$2,629$1,582$934$640
40 years$6,426$4,048$2,464$1,459$847$574
41 years$6,199$3,853$2,310$1,346$768$514
42 years$5,984$3,670$2,167$1,242$697$461
43 years$5,779$3,497$2,033$1,147$633$413
44 years$5,584$3,333$1,909$1,059$574$371
45 years$5,399$3,178$1,792$978$521$332
46 years$5,222$3,032$1,683$903$473$298
47 years$5,053$2,893$1,581$835$430$267
48 years$4,891$2,762$1,486$771$390$240
49 years$4,737$2,638$1,397$713$355$215
50 years$4,589$2,520$1,313$659$322$193

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $4,700,000, adding $5,087 every year, while hoping to spend $44,752 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: 82/11/7 Blend
50$4,700,000$4,700,000$4,700,000$4,700,000
51$5,184,647$4,935,547$4,862,697$5,605,880
52$5,665,865$5,129,773$4,977,982$6,076,310
53$6,194,668$5,332,016$5,095,629$6,586,142
54$6,775,861$5,542,622$5,215,669$7,144,460
55$7,414,741$5,761,952$5,338,135$7,756,090
56$8,117,139$5,990,383$5,463,058$8,426,353
57$8,889,485$6,228,309$5,590,468$9,161,102
58$9,738,858$6,476,142$5,720,394$9,966,786
59$10,673,060$6,734,312$5,852,866$10,850,508
60$11,700,688$7,003,268$5,987,913$11,820,088
61$12,831,211$7,283,482$6,125,561$12,884,142
62$14,075,065$7,575,443$6,265,838$14,052,157
63$15,443,747$7,879,664$6,408,768$15,334,584
64$16,949,924$8,196,683$6,554,377$16,742,934
65$18,607,555$8,527,060$6,702,688$18,289,886
66$20,432,021$8,871,380$6,853,723$19,989,409
67$22,440,266$9,230,257$7,007,501$21,856,887
68$24,650,963$9,604,330$7,164,043$23,909,269
69$27,084,689$9,994,269$7,323,366$26,165,227
70$29,764,113$10,400,775$7,485,484$28,645,329
71$32,714,217$10,824,577$7,650,413$31,372,235
72$35,962,528$11,266,442$7,818,162$34,370,909
73$39,539,378$11,727,170$7,988,743$37,668,852
74$43,478,189$12,207,596$8,162,160$41,296,365
75$47,815,792$12,708,596$8,338,420$45,286,829
76$52,592,769$13,231,083$8,517,524$49,677,024
77$57,853,841$13,776,016$8,699,470$54,507,470
78$63,648,285$14,344,393$8,884,255$59,822,812
79$70,030,403$14,937,261$9,071,871$65,672,241
80$77,060,032$15,555,715$9,262,306$72,109,951
81$84,803,109$16,200,898$9,455,547$79,195,660
82$93,332,292$16,874,009$9,651,574$86,995,160
83$102,727,650$17,576,299$9,850,365$95,580,947
84$113,077,410$18,309,078$10,051,893$105,032,898
85$124,478,800$19,073,717$10,256,125$115,439,026
86$137,038,958$19,871,649$10,463,025$126,896,310
87$150,875,946$20,704,374$10,672,551$139,511,606
88$166,119,866$21,573,462$10,884,656$153,402,657
89$182,914,085$22,480,554$11,099,284$168,699,200
90$201,416,590$23,427,369$11,316,378$185,544,193
91$221,801,475$24,415,703$11,535,870$204,095,159
92$244,260,591$25,447,439$11,757,687$224,525,674
93$269,005,351$26,524,543$11,981,749$247,027,000
94$296,268,728$27,649,076$12,207,968$271,809,891
95$326,307,450$28,823,193$12,436,248$299,106,583
96$359,404,431$30,049,151$12,666,483$329,172,979
97$395,871,433$31,329,309$12,898,560$362,291,064
98$436,052,013$32,666,139$13,132,356$398,771,568
99$480,324,766$34,062,228$13,367,737$438,956,892
100$529,106,897$35,520,281$13,604,561$483,224,343