Can I retire at age 51 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$437,669$433,771$429,967$426,254$422,629$419,263
2 years$216,668$212,633$208,722$204,930$201,252$197,859
3 years$143,010$138,958$135,057$131,301$127,683$124,368
4 years$106,189$102,149$98,287$94,595$91,064$87,853
5 years$84,102$80,086$76,275$72,658$69,226$66,127
6 years$69,382$65,396$61,641$58,105$54,776$51,795
7 years$58,872$54,920$51,224$47,771$44,547$41,685
8 years$50,993$47,076$43,442$40,074$36,956$34,212
9 years$44,868$40,988$37,417$34,134$31,123$28,496
10 years$39,971$36,129$32,621$29,424$26,518$24,007
11 years$35,967$32,164$28,719$25,608$22,806$20,410
12 years$32,632$28,868$25,487$22,461$19,764$17,479
13 years$29,813$26,089$22,771$19,830$17,234$15,059
14 years$27,399$23,714$20,460$17,603$15,107$13,039
15 years$25,308$21,663$18,473$15,699$13,302$11,337
16 years$23,481$19,875$16,748$14,057$11,756$9,893
17 years$21,870$18,304$15,240$12,630$10,424$8,658
18 years$20,440$16,914$13,912$11,382$9,268$7,597
19 years$19,162$15,676$12,736$10,285$8,261$6,681
20 years$18,013$14,567$11,688$9,315$7,379$5,887
21 years$16,975$13,568$10,751$8,454$6,603$5,195
22 years$16,032$12,666$9,909$7,686$5,919$4,592
23 years$15,173$11,846$9,149$7,000$5,313$4,064
24 years$14,387$11,099$8,461$6,384$4,776$3,601
25 years$13,664$10,416$7,837$5,831$4,297$3,193
26 years$12,998$9,789$7,268$5,331$3,871$2,834
27 years$12,383$9,213$6,749$4,880$3,490$2,518
28 years$11,813$8,681$6,274$4,471$3,149$2,238
29 years$11,282$8,190$5,839$4,100$2,843$1,990
30 years$10,789$7,734$5,439$3,763$2,569$1,771
31 years$10,327$7,311$5,070$3,456$2,323$1,577
32 years$9,896$6,918$4,731$3,176$2,101$1,405
33 years$9,492$6,551$4,417$2,921$1,902$1,251
34 years$9,112$6,209$4,127$2,687$1,722$1,115
35 years$8,754$5,889$3,858$2,474$1,559$994
36 years$8,418$5,590$3,610$2,278$1,413$887
37 years$8,100$5,309$3,378$2,099$1,281$791
38 years$7,800$5,046$3,164$1,935$1,161$706
39 years$7,515$4,798$2,964$1,784$1,053$630
40 years$7,246$4,565$2,778$1,645$955$562
41 years$6,990$4,345$2,605$1,518$866$502
42 years$6,748$4,138$2,444$1,401$786$448
43 years$6,517$3,943$2,293$1,293$713$400
44 years$6,297$3,758$2,152$1,194$648$357
45 years$6,088$3,584$2,021$1,103$588$319
46 years$5,888$3,419$1,898$1,019$534$285
47 years$5,698$3,263$1,783$941$485$254
48 years$5,515$3,115$1,676$870$440$227
49 years$5,341$2,974$1,575$804$400$203
50 years$5,175$2,841$1,481$743$363$181

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $5,300,000, adding $3,657 every year, while hoping to spend $39,359 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: 81/8/11 Blend
50$5,300,000$5,300,000$5,300,000$5,300,000
51$5,844,372$5,563,472$5,481,322$6,306,494
52$6,398,620$5,794,205$5,623,069$6,840,823
53$7,008,083$6,034,924$5,768,245$7,421,666
54$7,678,350$6,286,078$5,916,923$8,058,062
55$8,415,581$6,548,134$6,069,179$8,755,556
56$9,226,561$6,821,584$6,225,088$9,520,257
57$10,118,768$7,106,939$6,384,726$10,358,889
58$11,100,440$7,404,737$6,548,172$11,278,860
59$12,180,653$7,715,537$6,715,504$12,288,329
60$13,369,409$8,039,928$6,886,803$13,396,281
61$14,677,727$8,378,523$7,062,150$14,612,614
62$16,117,750$8,731,966$7,241,626$15,948,229
63$17,702,857$9,100,928$7,425,317$17,415,136
64$19,447,789$9,486,114$7,613,306$19,026,561
65$21,368,790$9,888,261$7,805,678$20,797,076
66$23,483,759$10,308,138$8,002,521$22,742,732
67$25,812,419$10,746,553$8,203,921$24,881,211
68$28,376,501$11,204,350$8,409,968$27,231,995
69$31,199,953$11,682,412$8,620,751$29,816,542
70$34,309,162$12,181,664$8,836,360$32,658,494
71$37,733,205$12,703,074$9,056,887$35,783,899
72$41,504,123$13,247,655$9,282,423$39,221,451
73$45,657,221$13,816,467$9,513,062$43,002,766
74$50,231,405$14,410,622$9,748,897$47,162,675
75$55,269,546$15,031,280$9,990,023$51,739,553
76$60,818,885$15,679,658$10,236,534$56,775,684
77$66,931,480$16,357,030$10,488,527$62,317,652
78$73,664,695$17,064,729$10,746,097$68,416,785
79$81,081,744$17,804,151$11,009,341$75,129,637
80$89,252,284$18,576,756$11,278,356$82,518,519
81$98,253,076$19,384,076$11,553,239$90,652,090
82$108,168,705$20,227,711$11,834,089$99,605,998
83$119,092,384$21,109,340$12,121,002$109,463,598
84$131,126,828$22,030,719$12,414,076$120,316,735
85$144,385,227$22,993,686$12,713,410$132,266,610
86$158,992,311$24,000,168$13,019,100$145,424,733
87$175,085,532$25,052,181$13,331,245$159,913,976
88$192,816,355$26,151,837$13,649,940$175,869,730
89$212,351,693$27,301,346$13,975,283$193,441,180
90$233,875,479$28,503,026$14,307,369$212,792,716
91$257,590,405$29,759,302$14,646,293$234,105,477
92$283,719,832$31,072,713$14,992,150$257,579,065
93$312,509,900$32,445,921$15,345,031$283,433,424
94$344,231,849$33,881,711$15,705,030$311,910,913
95$379,184,585$35,383,002$16,072,235$343,278,596
96$417,697,494$36,952,850$16,446,736$377,830,757
97$460,133,556$38,594,457$16,828,620$415,891,679
98$506,892,771$40,311,178$17,217,970$457,818,700
99$558,415,931$42,106,523$17,614,870$504,005,586
100$615,188,787$43,984,174$18,019,399$554,886,245