Can I retire at age 51 with 2,900,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$239,479$237,346$235,265$233,234$231,250$224,297
2 years$118,554$116,346$114,206$112,132$110,119$103,172
3 years$78,251$76,033$73,899$71,844$69,864$63,142
4 years$58,103$55,893$53,780$51,759$49,828$43,381
5 years$46,018$43,821$41,735$39,756$37,878$31,725
6 years$37,964$35,783$33,728$31,793$29,972$24,117
7 years$32,213$30,050$28,028$26,139$24,375$18,819
8 years$27,902$25,759$23,770$21,927$20,221$14,961
9 years$24,550$22,428$20,473$18,677$17,029$12,058
10 years$21,871$19,769$17,849$16,100$14,510$9,821
11 years$19,680$17,599$15,714$14,012$12,479$8,065
12 years$17,855$15,796$13,946$12,290$10,814$6,666
13 years$16,313$14,275$12,460$10,850$9,430$5,537
14 years$14,992$12,975$11,195$9,632$8,266$4,620
15 years$13,848$11,853$10,108$8,590$7,278$3,867
16 years$12,848$10,875$9,164$7,691$6,433$3,246
17 years$11,967$10,016$8,339$6,911$5,704$2,731
18 years$11,184$9,255$7,612$6,228$5,071$2,303
19 years$10,485$8,577$6,969$5,627$4,520$1,944
20 years$9,856$7,970$6,396$5,097$4,038$1,644
21 years$9,288$7,424$5,883$4,626$3,613$1,392
22 years$8,772$6,930$5,422$4,206$3,239$1,179
23 years$8,302$6,482$5,006$3,830$2,907$1,000
24 years$7,872$6,073$4,630$3,493$2,613$849
25 years$7,477$5,699$4,288$3,190$2,351$720
26 years$7,112$5,356$3,977$2,917$2,118$612
27 years$6,776$5,041$3,693$2,670$1,910$520
28 years$6,463$4,750$3,433$2,446$1,723$442
29 years$6,173$4,481$3,195$2,243$1,556$376
30 years$5,903$4,232$2,976$2,059$1,406$320
31 years$5,651$4,001$2,774$1,891$1,271$272
32 years$5,415$3,785$2,588$1,738$1,150$232
33 years$5,193$3,585$2,417$1,598$1,040$197
34 years$4,986$3,398$2,258$1,470$942$168
35 years$4,790$3,223$2,111$1,354$853$143
36 years$4,606$3,059$1,975$1,247$773$122
37 years$4,432$2,905$1,849$1,149$701$103
38 years$4,268$2,761$1,731$1,059$635$88
39 years$4,112$2,625$1,622$976$576$75
40 years$3,965$2,498$1,520$900$522$64
41 years$3,825$2,378$1,425$831$474$54
42 years$3,692$2,264$1,337$767$430$46
43 years$3,566$2,157$1,255$708$390$39
44 years$3,446$2,056$1,178$653$354$34
45 years$3,331$1,961$1,106$603$322$29
46 years$3,222$1,871$1,039$557$292$24
47 years$3,118$1,785$976$515$265$21
48 years$3,018$1,704$917$476$241$18
49 years$2,923$1,628$862$440$219$15
50 years$2,831$1,555$810$406$199$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,900,000, adding $6,171 every year, while hoping to spend $46,940 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: 62/14/24 Blend
50$2,900,000$2,900,000$2,900,000$2,900,000
51$3,202,165$3,048,465$3,003,515$3,380,040
52$3,478,842$3,147,896$3,054,189$3,600,648
53$3,782,167$3,250,626$3,104,988$3,835,702
54$4,114,809$3,356,767$3,155,865$4,091,310
55$4,479,705$3,466,435$3,206,773$4,369,486
56$4,880,095$3,579,750$3,257,659$4,672,446
57$5,319,543$3,696,836$3,308,469$5,002,632
58$5,801,978$3,817,823$3,359,145$5,362,732
59$6,331,727$3,942,843$3,409,623$5,755,706
60$6,913,554$4,072,034$3,459,837$6,184,815
61$7,552,713$4,205,539$3,509,717$6,653,650
62$8,254,985$4,343,506$3,559,188$7,166,166
63$9,026,744$4,486,089$3,608,171$7,726,720
64$9,875,010$4,633,445$3,656,583$8,340,110
65$10,807,516$4,785,739$3,704,334$9,011,624
66$11,832,783$4,943,140$3,751,329$9,747,084
67$12,960,199$5,105,826$3,797,471$10,552,907
68$14,200,106$5,273,979$3,842,653$11,436,159
69$15,563,900$5,447,786$3,886,765$12,404,626
70$17,064,135$5,627,445$3,929,689$13,466,886
71$18,714,645$5,813,158$3,971,301$14,632,391
72$20,530,670$6,005,135$4,011,472$15,911,551
73$22,529,005$6,203,593$4,050,063$17,315,840
74$24,728,153$6,408,758$4,086,929$18,857,896
75$27,148,501$6,620,864$4,121,918$20,551,647
76$29,812,514$6,840,152$4,154,868$22,412,436
77$32,744,945$7,066,874$4,185,610$24,457,170
78$35,973,068$7,301,289$4,213,967$26,704,479
79$39,526,935$7,543,667$4,239,749$29,174,890
80$43,439,662$7,794,287$4,262,761$31,891,019
81$47,747,739$8,053,438$4,282,794$34,877,790
82$52,491,372$8,321,420$4,299,631$38,162,664
83$57,714,866$8,598,544$4,313,043$41,775,902
84$63,467,043$8,885,132$4,322,790$45,750,846
85$69,801,696$9,181,519$4,328,619$50,124,240
86$76,778,107$9,488,051$4,330,266$54,936,570
87$84,461,596$9,805,087$4,327,451$60,232,452
88$92,924,142$10,133,000$4,319,884$66,061,046
89$102,245,063$10,472,176$4,307,259$72,476,528
90$112,511,761$10,823,015$4,289,254$79,538,592
91$123,820,551$11,185,932$4,265,534$87,313,024
92$136,277,564$11,561,359$4,235,746$95,872,312
93$149,999,752$11,949,743$4,199,521$105,296,338
94$165,115,993$12,351,546$4,156,471$115,673,127
95$181,768,303$12,767,251$4,106,191$127,099,682
96$200,113,178$13,197,354$4,048,257$139,682,897
97$220,323,073$13,642,375$3,982,224$153,540,563
98$242,588,025$14,102,850$3,907,627$168,802,488
99$267,117,450$14,579,337$3,823,979$185,611,713
100$294,142,118$15,072,412$3,730,771$204,125,869