Can I retire at age 51 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$421,153$417,402$413,742$410,169$406,681$401,933
2 years$208,492$204,609$200,846$197,197$193,658$188,878
3 years$137,614$133,714$129,960$126,346$122,864$118,202
4 years$102,182$98,294$94,578$91,025$87,628$83,119
5 years$80,928$77,064$73,396$69,916$66,613$62,271
6 years$66,764$62,928$59,315$55,912$52,709$48,538
7 years$56,650$52,847$49,291$45,969$42,866$38,869
8 years$49,068$45,300$41,803$38,562$35,562$31,737
9 years$43,175$39,442$36,005$32,846$29,948$26,295
10 years$38,462$34,766$31,390$28,314$25,517$22,033
11 years$34,610$30,950$27,635$24,641$21,946$18,628
12 years$31,401$27,779$24,525$21,614$19,018$15,862
13 years$28,688$25,104$21,912$19,082$16,584$13,587
14 years$26,365$22,819$19,688$16,939$14,537$11,695
15 years$24,353$20,846$17,775$15,106$12,800$10,107
16 years$22,595$19,125$16,116$13,526$11,312$8,765
17 years$21,045$17,614$14,665$12,153$10,030$7,623
18 years$19,669$16,276$13,387$10,952$8,919$6,646
19 years$18,439$15,084$12,255$9,896$7,949$5,807
20 years$17,333$14,017$11,247$8,963$7,101$5,083
21 years$16,334$13,056$10,345$8,135$6,354$4,456
22 years$15,427$12,188$9,535$7,396$5,696$3,912
23 years$14,601$11,399$8,804$6,736$5,113$3,438
24 years$13,844$10,680$8,142$6,144$4,595$3,025
25 years$13,149$10,023$7,541$5,611$4,135$2,664
26 years$12,508$9,420$6,994$5,130$3,725$2,348
27 years$11,916$8,865$6,495$4,696$3,358$2,071
28 years$11,367$8,353$6,038$4,302$3,030$1,828
29 years$10,857$7,881$5,618$3,945$2,736$1,614
30 years$10,381$7,442$5,233$3,621$2,472$1,425
31 years$9,938$7,035$4,879$3,325$2,235$1,260
32 years$9,523$6,657$4,552$3,056$2,022$1,114
33 years$9,133$6,304$4,250$2,810$1,830$985
34 years$8,768$5,975$3,971$2,586$1,657$871
35 years$8,424$5,667$3,713$2,380$1,501$771
36 years$8,100$5,379$3,473$2,192$1,360$682
37 years$7,794$5,109$3,251$2,020$1,232$604
38 years$7,505$4,855$3,044$1,862$1,117$535
39 years$7,232$4,617$2,852$1,717$1,013$473
40 years$6,973$4,393$2,673$1,583$919$419
41 years$6,727$4,181$2,507$1,461$834$371
42 years$6,493$3,982$2,351$1,348$756$329
43 years$6,271$3,794$2,207$1,245$686$291
44 years$6,060$3,617$2,071$1,149$623$258
45 years$5,858$3,449$1,945$1,061$566$229
46 years$5,666$3,290$1,827$980$514$203
47 years$5,483$3,140$1,716$906$466$180
48 years$5,307$2,997$1,613$837$424$159
49 years$5,140$2,862$1,516$773$385$141
50 years$4,979$2,734$1,425$715$349$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $5,100,000, adding $2,290 every year, while hoping to spend $22,588 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: 38/45/17 Blend
50$5,100,000$5,100,000$5,100,000$5,100,000
51$5,622,562$5,352,262$5,273,212$5,807,359
52$6,172,030$5,590,490$5,425,831$6,178,480
53$6,776,787$5,839,633$5,582,806$6,576,966
54$7,442,447$6,100,204$5,744,259$7,007,139
55$8,175,200$6,372,737$5,910,314$7,471,864
56$8,981,863$6,657,793$6,081,102$7,974,285
57$9,869,948$6,955,960$6,256,754$8,517,847
58$10,847,734$7,267,853$6,437,407$9,106,332
59$11,924,342$7,594,117$6,623,199$9,743,889
60$13,109,823$7,935,428$6,814,275$10,435,071
61$14,415,254$8,292,492$7,010,781$11,184,875
62$15,852,837$8,666,052$7,212,870$11,998,788
63$17,436,022$9,056,883$7,420,697$12,882,838
64$19,179,626$9,465,801$7,634,420$13,843,640
65$21,099,980$9,893,657$7,854,205$14,888,465
66$23,215,077$10,341,346$8,080,220$16,025,300
67$25,544,745$10,809,802$8,312,638$17,262,919
68$28,110,834$11,300,007$8,551,636$18,610,966
69$30,937,421$11,812,989$8,797,397$20,080,042
70$34,051,036$12,349,824$9,050,109$21,681,799
71$37,480,918$12,911,641$9,309,963$23,429,044
72$41,259,282$13,499,622$9,577,158$25,335,865
73$45,421,632$14,115,007$9,851,896$27,417,746
74$50,007,090$14,759,094$10,134,386$29,691,722
75$55,058,767$15,433,243$10,424,841$32,176,526
76$60,624,169$16,138,880$10,723,482$34,892,762
77$66,755,650$16,877,500$11,030,533$37,863,100
78$73,510,897$17,650,668$11,346,227$41,112,476
79$80,953,484$18,460,027$11,670,801$44,668,330
80$89,153,465$19,307,294$12,004,499$48,560,853
81$98,188,041$20,194,274$12,347,572$52,823,267
82$108,142,283$21,122,855$12,700,277$57,492,134
83$119,109,937$22,095,016$13,062,878$62,607,692
84$131,194,313$23,112,834$13,435,647$68,214,231
85$144,509,252$24,178,482$13,818,860$74,360,499
86$159,180,208$25,294,240$14,212,804$81,100,156
87$175,345,429$26,462,497$14,617,773$88,492,276
88$193,157,260$27,685,757$15,034,066$96,601,888
89$212,783,586$28,966,645$15,461,993$105,500,590
90$234,409,413$30,307,911$15,901,870$115,267,208
91$258,238,614$31,712,440$16,354,024$125,988,537
92$284,495,855$33,183,252$16,818,786$137,760,142
93$313,428,718$34,723,517$17,296,501$150,687,255
94$345,310,032$36,336,555$17,787,519$164,885,758
95$380,440,456$38,025,846$18,292,202$180,483,260
96$419,151,310$39,795,040$18,810,918$197,620,292
97$461,807,708$41,647,962$19,344,048$216,451,622
98$508,812,002$43,588,619$19,891,981$237,147,700
99$560,607,581$45,621,216$20,455,117$259,896,254
100$617,683,057$47,750,158$21,033,866$284,904,047