Can I retire at age 51 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$404,637$401,033$397,517$394,084$390,733$375,230
2 years$200,316$196,585$192,969$189,464$186,063$170,637
3 years$132,217$128,470$124,864$121,391$118,046$103,182
4 years$98,175$94,439$90,869$87,456$84,192$70,002
5 years$77,754$74,042$70,518$67,174$64,001$50,523
6 years$64,145$60,461$56,989$53,720$50,642$37,883
7 years$54,429$50,775$47,358$44,166$41,185$29,142
8 years$47,144$43,523$40,163$37,050$34,167$22,826
9 years$41,482$37,895$34,593$31,558$28,774$18,119
10 years$36,954$33,402$30,159$27,203$24,517$14,526
11 years$33,252$29,736$26,551$23,675$21,085$11,737
12 years$30,170$26,690$23,564$20,766$18,272$9,540
13 years$27,563$24,120$21,053$18,334$15,934$7,791
14 years$25,331$21,924$18,916$16,274$13,967$6,387
15 years$23,398$20,028$17,078$14,514$12,298$5,253
16 years$21,709$18,375$15,484$12,996$10,869$4,330
17 years$20,220$16,923$14,090$11,676$9,637$3,577
18 years$18,897$15,638$12,862$10,523$8,569$2,960
19 years$17,716$14,493$11,775$9,508$7,638$2,453
20 years$16,654$13,467$10,806$8,612$6,822$2,034
21 years$15,694$12,544$9,940$7,816$6,105$1,689
22 years$14,822$11,710$9,161$7,106$5,472$1,404
23 years$14,028$10,952$8,459$6,472$4,912$1,167
24 years$13,301$10,261$7,823$5,903$4,415$971
25 years$12,633$9,630$7,245$5,391$3,973$808
26 years$12,017$9,050$6,720$4,929$3,579$673
27 years$11,448$8,517$6,240$4,512$3,227$560
28 years$10,921$8,026$5,801$4,134$2,911$467
29 years$10,431$7,571$5,398$3,791$2,629$389
30 years$9,974$7,150$5,028$3,479$2,375$324
31 years$9,548$6,760$4,688$3,195$2,148$270
32 years$9,149$6,396$4,374$2,936$1,943$225
33 years$8,775$6,057$4,084$2,700$1,758$188
34 years$8,424$5,741$3,816$2,484$1,592$156
35 years$8,094$5,445$3,567$2,287$1,442$130
36 years$7,782$5,168$3,337$2,106$1,306$109
37 years$7,489$4,908$3,123$1,941$1,184$91
38 years$7,211$4,665$2,925$1,789$1,073$76
39 years$6,948$4,436$2,740$1,649$973$63
40 years$6,699$4,220$2,569$1,521$883$53
41 years$6,463$4,017$2,408$1,404$801$44
42 years$6,238$3,826$2,259$1,295$727$37
43 years$6,025$3,645$2,120$1,196$660$30
44 years$5,822$3,475$1,990$1,104$599$25
45 years$5,628$3,314$1,869$1,020$544$21
46 years$5,444$3,161$1,755$942$493$18
47 years$5,268$3,017$1,649$870$448$15
48 years$5,099$2,880$1,549$804$407$12
49 years$4,938$2,750$1,456$743$370$10
50 years$4,784$2,627$1,369$687$336$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $4,900,000, adding $2,567 every year, while hoping to spend $32,087 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: 40/47/13 Blend
50$4,900,000$4,900,000$4,900,000$4,900,000
51$5,402,448$5,142,748$5,066,798$5,597,497
52$5,919,357$5,360,602$5,202,395$5,953,486
53$6,487,916$5,588,056$5,341,460$6,335,006
54$7,113,358$5,825,546$5,484,074$6,747,027
55$7,801,452$6,073,528$5,630,321$7,192,328
56$8,558,550$6,332,481$5,780,287$7,673,958
57$9,391,655$6,602,906$5,934,060$8,195,261
58$10,308,481$6,885,326$6,091,728$8,759,909
59$11,317,528$7,180,288$6,253,382$9,371,929
60$12,428,162$7,488,368$6,419,116$10,035,748
61$13,650,701$7,810,166$6,589,024$10,756,221
62$14,996,519$8,146,309$6,763,202$11,538,685
63$16,478,143$8,497,458$6,941,749$12,389,000
64$18,109,380$8,864,300$7,124,764$13,313,605
65$19,905,443$9,247,557$7,312,350$14,319,577
66$21,883,095$9,647,984$7,504,610$15,414,689
67$24,060,807$10,066,372$7,701,651$16,607,489
68$26,458,934$10,503,548$7,903,581$17,907,371
69$29,099,903$10,960,380$8,110,509$19,324,665
70$32,008,429$11,437,774$8,322,547$20,870,725
71$35,211,745$11,936,681$8,539,808$22,558,042
72$38,739,861$12,458,097$8,762,410$24,400,348
73$42,625,845$13,003,061$8,990,468$26,412,751
74$46,906,136$13,572,667$9,224,104$28,611,867
75$51,620,890$14,168,055$9,463,440$31,015,976
76$56,814,354$14,790,423$9,708,598$33,645,188
77$62,535,287$15,441,023$9,959,705$36,521,633
78$68,837,420$16,121,167$10,216,890$39,669,658
79$75,779,963$16,832,230$10,480,281$43,116,058
80$83,428,160$17,575,650$10,750,011$46,890,321
81$91,853,910$18,352,935$11,026,215$51,024,900
82$101,136,443$19,165,663$11,309,027$55,555,518
83$111,363,068$20,015,489$11,598,587$60,521,494
84$122,629,996$20,904,143$11,895,035$65,966,109
85$135,043,250$21,833,439$12,198,513$71,937,014
86$148,719,662$22,805,279$12,509,164$78,486,665
87$163,787,982$23,821,652$12,827,135$85,672,814
88$180,390,086$24,884,642$13,152,574$93,559,049
89$198,682,320$25,996,435$13,485,630$102,215,385
90$218,836,974$27,159,318$13,826,456$111,718,915
91$241,043,908$28,375,687$14,175,205$122,154,532
92$265,512,345$29,648,054$14,532,033$133,615,721
93$292,472,843$30,979,048$14,897,095$146,205,431
94$322,179,478$32,371,426$15,270,552$160,037,036
95$354,912,232$33,828,073$15,652,563$175,235,401
96$390,979,647$35,352,016$16,043,291$191,938,041
97$430,721,728$36,946,422$16,442,899$210,296,417
98$474,513,160$38,614,612$16,851,552$230,477,348
99$522,766,839$40,360,065$17,269,415$252,664,578
100$575,937,773$42,186,425$17,696,658$277,060,493