Can I retire at age 51 with 5,900,000?

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 $5,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$487,216$482,877$478,642$474,510$470,474$458,914
2 years$241,196$236,704$232,351$228,130$224,035$212,460
3 years$159,200$154,689$150,346$146,165$142,137$130,909
4 years$118,210$113,713$109,414$105,304$101,373$90,578
5 years$93,623$89,152$84,909$80,883$77,063$66,730
6 years$77,236$72,799$68,619$64,683$60,977$51,118
7 years$65,536$61,137$57,023$53,179$49,591$40,207
8 years$56,765$52,406$48,360$44,611$41,140$32,227
9 years$49,947$45,628$41,653$37,999$34,646$26,196
10 years$44,496$40,219$36,314$32,755$29,520$21,524
11 years$40,038$35,805$31,970$28,507$25,388$17,834
12 years$36,327$32,136$28,373$25,004$22,001$14,876
13 years$33,188$29,042$25,349$22,075$19,185$12,475
14 years$30,501$26,398$22,776$19,596$16,818$10,508
15 years$28,174$24,115$20,564$17,476$14,808$8,883
16 years$26,139$22,125$18,644$15,648$13,087$7,532
17 years$24,346$20,377$16,965$14,059$11,604$6,403
18 years$22,754$18,829$15,487$12,670$10,318$5,454
19 years$21,331$17,450$14,178$11,449$9,196$4,654
20 years$20,052$16,216$13,012$10,369$8,214$3,977
21 years$18,897$15,104$11,968$9,411$7,351$3,403
22 years$17,847$14,099$11,031$8,556$6,589$2,915
23 years$16,891$13,187$10,185$7,792$5,915$2,500
24 years$16,015$12,355$9,419$7,107$5,316$2,145
25 years$15,211$11,595$8,724$6,491$4,784$1,841
26 years$14,470$10,897$8,091$5,935$4,309$1,582
27 years$13,785$10,256$7,513$5,432$3,885$1,360
28 years$13,150$9,664$6,985$4,977$3,506$1,169
29 years$12,560$9,117$6,500$4,564$3,165$1,006
30 years$12,010$8,610$6,054$4,189$2,860$865
31 years$11,497$8,139$5,644$3,847$2,586$745
32 years$11,016$7,701$5,266$3,535$2,339$641
33 years$10,566$7,293$4,917$3,251$2,117$552
34 years$10,143$6,912$4,594$2,991$1,917$475
35 years$9,745$6,556$4,295$2,754$1,736$409
36 years$9,371$6,223$4,018$2,536$1,573$353
37 years$9,017$5,910$3,761$2,337$1,426$304
38 years$8,682$5,617$3,522$2,154$1,292$262
39 years$8,366$5,341$3,300$1,986$1,172$226
40 years$8,066$5,082$3,093$1,832$1,063$194
41 years$7,782$4,837$2,900$1,690$964$168
42 years$7,512$4,607$2,720$1,560$875$144
43 years$7,255$4,389$2,553$1,440$794$124
44 years$7,010$4,184$2,396$1,329$721$107
45 years$6,777$3,990$2,250$1,228$654$92
46 years$6,555$3,806$2,113$1,134$594$80
47 years$6,343$3,632$1,985$1,048$540$69
48 years$6,140$3,467$1,866$968$490$59
49 years$5,946$3,311$1,754$895$445$51
50 years$5,760$3,163$1,649$827$404$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $5,900,000, adding $2,547 every year, while hoping to spend $49,564 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: 42/33/25 Blend
50$5,900,000$5,900,000$5,900,000$5,900,000
51$6,504,427$6,191,727$6,100,277$6,729,881
52$7,115,143$6,442,386$6,251,901$7,142,222
53$7,786,491$6,703,666$6,406,943$7,583,567
54$8,524,602$6,976,035$6,565,465$8,060,554
55$9,336,234$7,259,983$6,727,530$8,576,497
56$10,228,829$7,556,021$6,893,201$9,135,033
57$11,210,588$7,864,685$7,062,542$9,740,160
58$12,290,546$8,186,533$7,235,616$10,396,271
59$13,478,660$8,522,151$7,412,486$11,108,192
60$14,785,897$8,872,150$7,593,218$11,881,229
61$16,224,343$9,237,170$7,777,876$12,721,213
62$17,807,315$9,617,880$7,966,523$13,634,555
63$19,549,484$10,014,980$8,159,225$14,628,307
64$21,467,019$10,429,201$8,356,046$15,710,221
65$23,577,731$10,861,308$8,557,051$16,888,822
66$25,901,251$11,312,103$8,762,303$18,173,491
67$28,459,204$11,782,422$8,971,866$19,574,544
68$31,275,424$12,273,142$9,185,805$21,103,330
69$34,376,170$12,785,179$9,404,182$22,772,338
70$37,790,378$13,319,491$9,627,060$24,595,309
71$41,549,932$13,877,081$9,854,502$26,587,362
72$45,689,965$14,458,998$10,086,568$28,765,140
73$50,249,193$15,066,341$10,323,320$31,146,955
74$55,270,276$15,700,257$10,564,817$33,752,968
75$60,800,224$16,361,949$10,811,117$36,605,366
76$66,890,835$17,052,673$11,062,278$39,728,575
77$73,599,193$17,773,746$11,318,357$43,149,484
78$80,988,195$18,526,545$11,579,407$46,897,699
79$89,127,156$19,312,510$11,845,481$51,005,810
80$98,092,452$20,133,150$12,116,631$55,509,706
81$107,968,250$20,990,042$12,392,906$60,448,900
82$118,847,296$21,884,838$12,674,353$65,866,903
83$130,831,793$22,819,268$12,961,017$71,811,630
84$144,034,363$23,795,140$13,252,938$78,335,843
85$158,579,115$24,814,348$13,550,158$85,497,651
86$174,602,808$25,878,874$13,852,712$93,361,048
87$192,256,149$26,990,794$14,160,633$101,996,514
88$211,705,213$28,152,279$14,473,950$111,481,675
89$233,133,007$29,365,604$14,792,691$121,902,029
90$256,741,204$30,633,148$15,116,875$133,351,746
91$282,752,038$31,957,404$15,446,522$145,934,555
92$311,410,409$33,340,980$15,781,644$159,764,710
93$342,986,191$34,786,608$16,122,249$174,968,068
94$377,776,777$36,297,147$16,468,339$191,683,267
95$416,109,893$37,875,591$16,819,913$210,063,026
96$458,346,682$39,525,075$17,176,960$230,275,580
97$504,885,122$41,248,882$17,539,466$252,506,263
98$556,163,775$43,050,448$17,907,409$276,959,242
99$612,665,933$44,933,373$18,280,760$303,859,444
100$674,924,175$46,901,425$18,659,482$333,454,662