Can I retire at age 51 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$396,380$392,849$389,404$386,042$382,759$380,187
2 years$196,227$192,573$189,031$185,597$182,266$179,673
3 years$129,519$125,849$122,316$118,914$115,637$113,102
4 years$96,171$92,512$89,014$85,671$82,473$80,016
5 years$76,168$72,531$69,079$65,803$62,695$60,323
6 years$62,836$59,227$55,826$52,623$49,608$47,324
7 years$53,318$49,738$46,392$43,265$40,345$38,150
8 years$46,182$42,635$39,344$36,294$33,470$31,365
9 years$40,635$37,121$33,887$30,914$28,187$26,170
10 years$36,200$32,721$29,543$26,648$24,016$22,087
11 years$32,574$29,129$26,009$23,192$20,655$18,812
12 years$29,554$26,145$23,083$20,342$17,899$16,141
13 years$27,001$23,627$20,623$17,959$15,608$13,933
14 years$24,814$21,477$18,530$15,942$13,682$12,088
15 years$22,921$19,619$16,730$14,218$12,047$10,532
16 years$21,266$18,000$15,168$12,730$10,647$9,208
17 years$19,807$16,578$13,802$11,438$9,440$8,076
18 years$18,512$15,318$12,600$10,308$8,394$7,101
19 years$17,354$14,197$11,534$9,314$7,482$6,258
20 years$16,314$13,193$10,586$8,436$6,683$5,526
21 years$15,373$12,288$9,737$7,656$5,980$4,888
22 years$14,520$11,471$8,974$6,961$5,361$4,330
23 years$13,742$10,728$8,286$6,340$4,812$3,841
24 years$13,029$10,052$7,663$5,782$4,325$3,411
25 years$12,375$9,433$7,098$5,281$3,892$3,032
26 years$11,772$8,866$6,583$4,828$3,506$2,698
27 years$11,215$8,344$6,113$4,419$3,161$2,402
28 years$10,698$7,862$5,682$4,049$2,852$2,140
29 years$10,218$7,417$5,288$3,713$2,575$1,908
30 years$9,771$7,005$4,926$3,408$2,327$1,702
31 years$9,353$6,622$4,592$3,130$2,104$1,519
32 years$8,962$6,265$4,284$2,876$1,903$1,356
33 years$8,596$5,933$4,000$2,645$1,722$1,211
34 years$8,252$5,624$3,738$2,434$1,559$1,082
35 years$7,928$5,334$3,494$2,240$1,412$967
36 years$7,624$5,063$3,269$2,063$1,280$865
37 years$7,336$4,808$3,060$1,901$1,160$773
38 years$7,064$4,570$2,865$1,752$1,051$692
39 years$6,806$4,345$2,684$1,616$953$619
40 years$6,562$4,134$2,516$1,490$865$554
41 years$6,331$3,935$2,359$1,375$785$496
42 years$6,111$3,748$2,213$1,269$712$444
43 years$5,902$3,571$2,077$1,171$646$397
44 years$5,703$3,404$1,949$1,082$586$355
45 years$5,513$3,246$1,830$999$532$318
46 years$5,333$3,096$1,719$923$483$285
47 years$5,160$2,955$1,615$852$439$255
48 years$4,995$2,821$1,518$788$399$228
49 years$4,837$2,694$1,427$728$362$205
50 years$4,686$2,573$1,341$673$329$183

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $4,800,000, adding $2,265 every year, while hoping to spend $48,958 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: 47/34/19 Blend
50$4,800,000$4,800,000$4,800,000$4,800,000
51$5,291,936$5,037,536$4,963,136$5,512,014
52$5,779,623$5,232,285$5,077,310$5,860,347
53$6,315,413$5,434,935$5,193,669$6,233,097
54$6,904,160$5,645,822$5,312,232$6,636,649
55$7,551,215$5,865,297$5,433,022$7,073,905
56$8,262,467$6,093,726$5,556,057$7,548,051
57$9,044,410$6,331,490$5,681,356$8,062,587
58$9,904,195$6,578,988$5,808,937$8,621,365
59$10,849,702$6,836,637$5,938,815$9,228,618
60$11,889,612$7,104,872$6,071,005$9,889,000
61$13,033,489$7,384,148$6,205,521$10,607,630
62$14,291,873$7,674,940$6,342,374$11,390,138
63$15,676,375$7,977,742$6,481,574$12,242,717
64$17,199,787$8,293,074$6,623,129$13,172,180
65$18,876,207$8,621,476$6,767,046$14,186,022
66$20,721,167$8,963,515$6,913,328$15,292,490
67$22,751,779$9,319,780$7,061,977$16,500,660
68$24,986,900$9,690,889$7,212,994$17,820,519
69$27,447,309$10,077,488$7,366,374$19,263,057
70$30,155,900$10,480,250$7,522,112$20,840,372
71$33,137,899$10,899,879$7,680,201$22,565,781
72$36,421,104$11,337,113$7,840,627$24,453,940
73$40,036,145$11,792,720$8,003,376$26,520,986
74$44,016,773$12,267,504$8,168,430$28,784,683
75$48,400,178$12,762,307$8,335,768$31,264,590
76$53,227,343$13,278,006$8,505,362$33,982,241
77$58,543,424$13,815,520$8,677,184$36,961,346
78$64,398,182$14,375,810$8,851,199$40,228,016
79$70,846,451$14,959,879$9,027,368$43,811,001
80$77,948,652$15,568,776$9,205,648$47,741,961
81$85,771,368$16,203,599$9,385,990$52,055,765
82$94,387,967$16,865,495$9,568,340$56,790,811
83$103,879,298$17,555,663$9,752,638$61,989,391
84$114,334,454$18,275,357$9,938,819$67,698,085
85$125,851,608$19,025,890$10,126,810$73,968,194
86$138,538,947$19,808,633$10,316,532$80,856,226
87$152,515,683$20,625,021$10,507,900$88,424,422
88$167,913,189$21,476,552$10,700,821$96,741,341
89$184,876,228$22,364,798$10,895,192$105,882,503
90$203,564,329$23,291,398$11,090,906$115,931,097
91$224,153,283$24,258,069$11,287,844$126,978,763
92$246,836,810$25,266,607$11,485,880$139,126,452
93$271,828,384$26,318,890$11,684,876$152,485,373
94$299,363,247$27,416,883$11,884,687$167,178,041
95$329,700,629$28,562,641$12,085,154$183,339,424
96$363,126,197$29,758,314$12,286,111$201,118,214
97$399,954,750$31,006,153$12,487,377$220,678,227
98$440,533,191$32,308,511$12,688,761$242,199,939
99$485,243,800$33,667,851$12,890,057$265,882,186
100$534,507,841$35,086,749$13,091,048$291,944,035