Can I retire at age 51 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$454,185$450,139$446,192$442,340$438,578$428,672
2 years$224,844$220,656$216,598$212,663$208,847$198,920
3 years$148,407$144,201$140,153$136,255$132,501$122,863
4 years$110,196$106,003$101,996$98,164$94,501$85,226
5 years$87,275$83,108$79,153$75,400$71,838$62,953
6 years$72,000$67,864$63,967$60,298$56,843$48,356
7 years$61,093$56,992$53,157$49,574$46,229$38,142
8 years$52,917$48,853$45,081$41,586$38,351$30,661
9 years$46,561$42,535$38,829$35,422$32,297$24,998
10 years$41,479$37,493$33,852$30,534$27,519$20,603
11 years$37,324$33,377$29,802$26,574$23,667$17,126
12 years$33,864$29,958$26,449$23,309$20,509$14,332
13 years$30,938$27,073$23,630$20,578$17,885$12,059
14 years$28,433$24,609$21,232$18,267$15,677$10,193
15 years$26,263$22,480$19,170$16,291$13,804$8,647
16 years$24,367$20,625$17,380$14,587$12,200$7,358
17 years$22,696$18,995$15,815$13,106$10,817$6,277
18 years$21,211$17,552$14,437$11,811$9,618$5,367
19 years$19,885$16,267$13,217$10,673$8,573$4,597
20 years$18,693$15,116$12,130$9,666$7,657$3,943
21 years$17,615$14,080$11,157$8,773$6,853$3,387
22 years$16,637$13,144$10,283$7,976$6,142$2,913
23 years$15,746$12,293$9,494$7,264$5,514$2,507
24 years$14,930$11,518$8,781$6,625$4,956$2,160
25 years$14,180$10,809$8,133$6,051$4,459$1,862
26 years$13,489$10,158$7,543$5,532$4,017$1,606
27 years$12,850$9,560$7,004$5,064$3,622$1,386
28 years$12,258$9,009$6,511$4,640$3,268$1,196
29 years$11,708$8,499$6,059$4,255$2,951$1,033
30 years$11,196$8,026$5,644$3,905$2,666$893
31 years$10,717$7,587$5,262$3,586$2,411$772
32 years$10,269$7,179$4,909$3,296$2,180$667
33 years$9,850$6,799$4,584$3,031$1,973$577
34 years$9,456$6,444$4,283$2,789$1,787$499
35 years$9,085$6,112$4,004$2,567$1,618$431
36 years$8,735$5,801$3,746$2,364$1,466$373
37 years$8,405$5,510$3,506$2,178$1,329$323
38 years$8,094$5,236$3,283$2,008$1,205$279
39 years$7,799$4,979$3,076$1,851$1,092$242
40 years$7,519$4,737$2,883$1,708$991$209
41 years$7,254$4,509$2,703$1,575$899$181
42 years$7,002$4,294$2,536$1,454$816$157
43 years$6,763$4,092$2,380$1,342$740$136
44 years$6,535$3,900$2,234$1,239$672$117
45 years$6,318$3,719$2,097$1,144$610$102
46 years$6,110$3,548$1,970$1,057$554$88
47 years$5,913$3,386$1,851$977$503$76
48 years$5,724$3,232$1,739$902$457$66
49 years$5,543$3,087$1,635$834$415$57
50 years$5,370$2,949$1,537$771$377$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $5,500,000, adding $5,178 every year, while hoping to spend $41,061 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: 67/19/14 Blend
50$5,500,000$5,500,000$5,500,000$5,500,000
51$6,066,341$5,774,841$5,689,591$6,452,793
52$6,641,419$6,014,120$5,836,504$6,950,381
53$7,273,779$6,263,747$5,986,962$7,488,914
54$7,969,220$6,524,186$6,141,041$8,076,704
55$8,734,132$6,795,923$6,298,817$8,718,579
56$9,575,555$7,079,464$6,460,369$9,419,846
57$10,501,245$7,375,341$6,625,774$10,186,352
58$11,519,748$7,684,108$6,795,113$11,024,528
59$12,640,480$8,006,348$6,968,468$11,941,455
60$13,873,818$8,342,668$7,145,920$12,944,925
61$15,231,192$8,693,703$7,327,554$14,043,520
62$16,725,199$9,060,120$7,513,452$15,246,683
63$18,369,718$9,442,615$7,703,702$16,564,814
64$20,180,043$9,841,916$7,898,389$18,009,362
65$22,173,024$10,258,787$8,097,601$19,592,935
66$24,367,229$10,694,024$8,301,428$21,329,413
67$26,783,119$11,148,464$8,509,958$23,234,083
68$29,443,238$11,622,980$8,723,283$25,323,777
69$32,372,429$12,118,487$8,941,494$27,617,034
70$35,598,066$12,635,942$9,164,683$30,134,270
71$39,150,313$13,176,347$9,392,944$32,897,970
72$43,062,408$13,740,751$9,626,371$35,932,896
73$47,370,978$14,330,252$9,865,058$39,266,325
74$52,116,382$14,945,999$10,109,102$42,928,300
75$57,343,095$15,589,195$10,358,599$46,951,911
76$63,100,125$16,261,099$10,613,646$51,373,607
77$69,441,474$16,963,030$10,874,340$56,233,539
78$76,426,653$17,696,366$11,140,779$61,575,934
79$84,121,237$18,462,554$11,413,061$67,449,513
80$92,597,490$19,263,106$11,691,285$73,907,945
81$101,935,041$20,099,606$11,975,550$81,010,356
82$112,221,640$20,973,710$12,265,955$88,821,878
83$123,553,982$21,887,157$12,562,599$97,414,267
84$136,038,623$22,841,763$12,865,582$106,866,575
85$149,792,986$23,839,432$13,175,001$117,265,892
86$164,946,463$24,882,157$13,490,957$128,708,167
87$181,641,645$25,972,026$13,813,547$141,299,110
88$200,035,661$27,111,223$14,142,868$155,155,186
89$220,301,663$28,302,037$14,479,019$170,404,711
90$242,630,462$29,546,866$14,822,096$187,189,060
91$267,232,326$30,848,220$15,172,193$205,663,997
92$294,338,967$32,208,727$15,529,406$226,001,142
93$324,205,728$33,631,141$15,893,827$248,389,587
94$357,113,990$35,118,344$16,265,548$273,037,677
95$393,373,832$36,673,358$16,644,659$300,174,969
96$433,326,956$38,299,346$17,031,248$330,054,399
97$477,349,912$39,999,620$17,425,401$362,954,663
98$525,857,652$41,777,651$17,827,201$399,182,842
99$579,307,451$43,637,074$18,236,731$439,077,295
100$638,203,218$45,581,697$18,654,068$483,010,849