Can I retire at age 51 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$445,927$441,955$438,080$434,297$430,604$424,871
2 years$220,756$216,645$212,660$208,797$205,049$199,283
3 years$145,709$141,580$137,605$133,778$130,092$124,471
4 years$108,192$104,076$100,141$96,380$92,783$87,350
5 years$85,689$81,597$77,714$74,029$70,532$65,304
6 years$70,691$66,630$62,804$59,201$55,809$50,792
7 years$59,983$55,956$52,191$48,673$45,388$40,584
8 years$51,955$47,964$44,262$40,830$37,654$33,062
9 years$45,714$41,762$38,123$34,778$31,710$27,328
10 years$40,725$36,811$33,236$29,979$27,018$22,843
11 years$36,645$32,771$29,261$26,091$23,237$19,264
12 years$33,248$29,413$25,968$22,885$20,136$16,363
13 years$30,376$26,581$23,201$20,204$17,559$13,979
14 years$27,916$24,161$20,846$17,935$15,392$12,000
15 years$25,786$22,072$18,821$15,995$13,553$10,343
16 years$23,924$20,250$17,064$14,322$11,978$8,944
17 years$22,283$18,650$15,528$12,868$10,620$7,757
18 years$20,826$17,233$14,175$11,597$9,443$6,744
19 years$19,523$15,972$12,976$10,479$8,417$5,875
20 years$18,353$14,842$11,909$9,490$7,518$5,127
21 years$17,295$13,824$10,954$8,613$6,728$4,482
22 years$16,335$12,905$10,096$7,831$6,031$3,923
23 years$15,459$12,069$9,322$7,132$5,413$3,437
24 years$14,658$11,308$8,621$6,505$4,866$3,015
25 years$13,922$10,612$7,985$5,941$4,378$2,647
26 years$13,244$9,974$7,405$5,432$3,944$2,325
27 years$12,617$9,386$6,877$4,972$3,556$2,044
28 years$12,035$8,845$6,393$4,555$3,208$1,798
29 years$11,495$8,344$5,949$4,177$2,897$1,583
30 years$10,992$7,880$5,541$3,834$2,618$1,393
31 years$10,522$7,449$5,166$3,521$2,367$1,227
32 years$10,083$7,049$4,820$3,236$2,141$1,082
33 years$9,671$6,675$4,500$2,976$1,937$953
34 years$9,284$6,326$4,205$2,738$1,754$840
35 years$8,920$6,001$3,931$2,520$1,589$741
36 years$8,576$5,695$3,678$2,321$1,440$654
37 years$8,253$5,409$3,442$2,139$1,305$577
38 years$7,947$5,141$3,223$1,971$1,183$509
39 years$7,657$4,888$3,020$1,818$1,073$449
40 years$7,383$4,651$2,831$1,676$973$396
41 years$7,122$4,427$2,654$1,547$883$350
42 years$6,875$4,216$2,490$1,427$801$309
43 years$6,640$4,017$2,336$1,318$727$273
44 years$6,416$3,829$2,193$1,217$660$241
45 years$6,203$3,652$2,059$1,124$599$213
46 years$5,999$3,484$1,934$1,038$544$188
47 years$5,805$3,324$1,817$959$494$166
48 years$5,619$3,174$1,707$886$448$146
49 years$5,442$3,031$1,605$819$407$129
50 years$5,272$2,895$1,509$757$370$114

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $5,400,000, adding $2,350 every year, while hoping to spend $22,186 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: 74/13/13 Blend
50$5,400,000$5,400,000$5,400,000$5,400,000
51$5,953,224$5,667,024$5,583,324$6,377,486
52$6,536,847$5,921,102$5,746,760$6,912,270
53$7,179,256$6,186,887$5,914,927$7,495,045
54$7,886,424$6,464,928$6,087,961$8,132,956
55$8,664,932$6,755,802$6,266,000$8,831,469
56$9,522,031$7,060,113$6,449,187$9,596,598
57$10,465,713$7,378,493$6,637,670$10,434,965
58$11,504,782$7,711,606$6,831,598$11,353,862
59$12,648,941$8,060,145$7,031,127$12,361,316
60$13,908,879$8,424,839$7,236,417$13,466,165
61$15,296,379$8,806,450$7,447,630$14,678,143
62$16,824,420$9,205,777$7,664,937$16,007,968
63$18,507,308$9,623,657$7,888,509$17,467,441
64$20,360,805$10,060,967$8,118,525$19,069,560
65$22,402,279$10,518,626$8,355,168$20,828,639
66$24,650,871$10,997,598$8,598,625$22,760,444
67$27,127,671$11,498,892$8,849,091$24,882,337
68$29,855,921$12,023,565$9,106,762$27,213,441
69$32,861,230$12,572,726$9,371,845$29,774,821
70$36,171,822$13,147,536$9,644,548$32,589,677
71$39,818,795$13,749,212$9,925,087$35,683,564
72$43,836,418$14,379,030$10,213,684$39,084,634
73$48,262,457$15,038,326$10,510,566$42,823,895
74$53,138,525$15,728,501$10,815,967$46,935,505
75$58,510,480$16,451,024$11,130,129$51,457,094
76$64,428,858$17,207,433$11,453,297$56,430,114
77$70,949,345$17,999,341$11,785,726$61,900,232
78$78,133,308$18,828,437$12,127,677$67,917,755
79$86,048,368$19,696,494$12,479,417$74,538,108
80$94,769,048$20,605,368$12,841,223$81,822,349
81$104,377,464$21,557,005$13,213,378$89,837,749
82$114,964,111$22,553,444$13,596,172$98,658,420
83$126,628,711$23,596,823$13,989,904$108,366,016
84$139,481,155$24,689,383$14,394,882$119,050,498
85$153,642,543$25,833,473$14,811,420$130,810,983
86$169,246,322$27,031,553$15,239,843$143,756,674
87$186,439,553$28,286,205$15,680,483$158,007,893
88$205,384,292$29,600,133$16,133,684$173,697,209
89$226,259,123$30,976,173$16,599,795$190,970,687
90$249,260,844$32,417,296$17,079,179$209,989,266
91$274,606,324$33,926,618$17,572,206$230,930,273
92$302,534,551$35,507,404$18,079,257$253,989,095
93$333,308,886$37,163,078$18,600,723$279,381,017
94$367,219,552$38,897,227$19,137,006$307,343,254
95$404,586,370$40,713,615$19,688,519$338,137,181
96$445,761,781$42,616,184$20,255,686$372,050,804
97$491,134,174$44,609,068$20,838,943$409,401,467
98$541,131,549$46,696,601$21,438,736$450,538,847
99$596,225,559$48,883,327$22,055,526$495,848,250
100$656,935,964$51,174,008$22,689,784$545,754,242