Can I retire at age 51 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$412,895$409,217$405,629$402,127$398,707$386,099
2 years$204,404$200,597$196,907$193,330$189,860$177,272
3 years$134,915$131,092$127,412$123,869$120,455$108,282
4 years$100,178$96,367$92,723$89,240$85,910$74,244
5 years$79,341$75,553$71,957$68,545$65,307$54,181
6 years$65,455$61,694$58,152$54,816$51,675$41,098
7 years$55,539$51,811$48,325$45,067$42,026$31,997
8 years$48,106$44,411$40,983$37,806$34,865$25,377
9 years$42,328$38,668$35,299$32,202$29,361$20,404
10 years$37,708$34,084$30,774$27,759$25,017$16,577
11 years$33,931$30,343$27,093$24,158$21,515$13,577
12 years$30,785$27,234$24,044$21,190$18,645$11,192
13 years$28,126$24,612$21,482$18,708$16,259$9,272
14 years$25,848$22,371$19,302$16,607$14,252$7,714
15 years$23,876$20,437$17,427$14,810$12,549$6,439
16 years$22,152$18,750$15,800$13,261$11,091$5,390
17 years$20,632$17,268$14,377$11,915$9,834$4,522
18 years$19,283$15,957$13,125$10,738$8,744$3,801
19 years$18,077$14,789$12,015$9,702$7,793$3,200
20 years$16,993$13,742$11,027$8,787$6,961$2,697
21 years$16,014$12,800$10,143$7,975$6,230$2,276
22 years$15,125$11,949$9,348$7,251$5,584$1,923
23 years$14,314$11,175$8,631$6,604$5,012$1,625
24 years$13,572$10,471$7,982$6,023$4,505$1,375
25 years$12,891$9,826$7,393$5,501$4,054$1,164
26 years$12,263$9,235$6,857$5,029$3,652$985
27 years$11,682$8,691$6,367$4,604$3,292$835
28 years$11,144$8,190$5,919$4,218$2,971$707
29 years$10,644$7,726$5,508$3,868$2,683$599
30 years$10,178$7,296$5,131$3,550$2,424$508
31 years$9,743$6,898$4,783$3,260$2,191$431
32 years$9,336$6,526$4,463$2,996$1,982$365
33 years$8,954$6,181$4,167$2,755$1,794$310
34 years$8,596$5,858$3,893$2,535$1,624$263
35 years$8,259$5,556$3,640$2,334$1,471$223
36 years$7,941$5,274$3,405$2,149$1,333$189
37 years$7,641$5,009$3,187$1,980$1,208$161
38 years$7,358$4,760$2,985$1,825$1,095$136
39 years$7,090$4,526$2,796$1,683$993$116
40 years$6,836$4,306$2,621$1,552$901$98
41 years$6,595$4,099$2,458$1,432$817$83
42 years$6,366$3,904$2,305$1,322$742$71
43 years$6,148$3,720$2,163$1,220$673$60
44 years$5,941$3,546$2,031$1,127$611$51
45 years$5,743$3,381$1,907$1,040$555$43
46 years$5,555$3,225$1,791$961$504$37
47 years$5,375$3,078$1,682$888$457$31
48 years$5,203$2,938$1,581$820$415$26
49 years$5,039$2,806$1,486$758$377$22
50 years$4,882$2,680$1,397$701$343$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $5,000,000, adding $3,694 every year, while hoping to spend $55,240 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: 54/33/13 Blend
50$5,000,000$5,000,000$5,000,000$5,000,000
51$5,513,810$5,248,810$5,171,310$5,792,642
52$6,017,444$5,447,227$5,285,774$6,181,141
53$6,570,597$5,653,515$5,402,221$6,597,507
54$7,178,262$5,868,001$5,520,660$7,049,422
55$7,845,939$6,091,027$5,641,096$7,540,278
56$8,579,686$6,322,950$5,763,535$8,073,806
57$9,386,181$6,564,140$5,887,979$8,654,105
58$10,272,775$6,814,987$6,014,431$9,285,689
59$11,247,572$7,075,896$6,142,888$9,973,517
60$12,319,499$7,347,289$6,273,349$10,723,049
61$13,498,389$7,629,607$6,405,807$11,540,289
62$14,795,078$7,923,311$6,540,255$12,431,843
63$16,221,505$8,228,882$6,676,683$13,404,981
64$17,790,823$8,546,822$6,815,076$14,467,703
65$19,517,525$8,877,655$6,955,420$15,628,813
66$21,417,581$9,221,928$7,097,694$16,897,999
67$23,508,584$9,580,212$7,241,877$18,285,928
68$25,809,921$9,953,104$7,387,941$19,804,339
69$28,342,953$10,341,227$7,535,858$21,466,156
70$31,131,219$10,745,231$7,685,593$23,285,606
71$34,200,651$11,165,796$7,837,109$25,278,352
72$37,579,829$11,603,631$7,990,363$27,461,641
73$41,300,240$12,059,477$8,145,309$29,854,462
74$45,396,581$12,534,109$8,301,894$32,477,722
75$49,907,087$13,028,334$8,460,062$35,354,448
76$54,873,886$13,542,999$8,619,750$38,509,992
77$60,343,401$14,078,984$8,780,890$41,972,278
78$66,366,787$14,637,213$8,943,409$45,772,056
79$73,000,411$15,218,649$9,107,225$49,943,192
80$80,306,387$15,824,297$9,272,251$54,522,985
81$88,353,162$16,455,210$9,438,394$59,552,518
82$97,216,156$17,112,487$9,605,552$65,077,041
83$106,978,481$17,797,276$9,773,615$71,146,394
84$117,731,721$18,510,778$9,942,466$77,815,477
85$129,576,796$19,254,246$10,111,979$85,144,763
86$142,624,917$20,028,992$10,282,018$93,200,868
87$156,998,633$20,836,386$10,452,440$102,057,173
88$172,832,985$21,677,861$10,623,088$111,794,514
89$190,276,786$22,554,913$10,793,799$122,501,944
90$209,494,023$23,469,109$10,964,396$134,277,566
91$230,665,402$24,422,083$11,134,691$147,229,456
92$253,990,055$25,415,548$11,304,486$161,476,681
93$279,687,422$26,451,290$11,473,567$177,150,413
94$307,999,317$27,531,182$11,641,709$194,395,172
95$339,192,214$28,657,177$11,808,674$213,370,174
96$373,559,761$29,831,320$11,974,206$234,250,839
97$411,425,552$31,055,749$12,138,036$257,230,433
98$453,146,177$32,332,700$12,299,880$282,521,895
99$499,114,596$33,664,511$12,459,435$310,359,835
100$549,763,841$35,053,628$12,616,381$341,002,745