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

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 $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%11.4%
1 years$239,479$237,346$235,265$233,234$231,250$229,889
2 years$118,554$116,346$114,206$112,132$110,119$108,746
3 years$78,251$76,033$73,899$71,844$69,864$68,521
4 years$58,103$55,893$53,780$51,759$49,828$48,526
5 years$46,018$43,821$41,735$39,756$37,878$36,621
6 years$37,964$35,783$33,728$31,793$29,972$28,761
7 years$32,213$30,050$28,028$26,139$24,375$23,211
8 years$27,902$25,759$23,770$21,927$20,221$19,104
9 years$24,550$22,428$20,473$18,677$17,029$15,959
10 years$21,871$19,769$17,849$16,100$14,510$13,485
11 years$19,680$17,599$15,714$14,012$12,479$11,500
12 years$17,855$15,796$13,946$12,290$10,814$9,879
13 years$16,313$14,275$12,460$10,850$9,430$8,539
14 years$14,992$12,975$11,195$9,632$8,266$7,418
15 years$13,848$11,853$10,108$8,590$7,278$6,471
16 years$12,848$10,875$9,164$7,691$6,433$5,666
17 years$11,967$10,016$8,339$6,911$5,704$4,976
18 years$11,184$9,255$7,612$6,228$5,071$4,382
19 years$10,485$8,577$6,969$5,627$4,520$3,867
20 years$9,856$7,970$6,396$5,097$4,038$3,420
21 years$9,288$7,424$5,883$4,626$3,613$3,029
22 years$8,772$6,930$5,422$4,206$3,239$2,687
23 years$8,302$6,482$5,006$3,830$2,907$2,387
24 years$7,872$6,073$4,630$3,493$2,613$2,123
25 years$7,477$5,699$4,288$3,190$2,351$1,890
26 years$7,112$5,356$3,977$2,917$2,118$1,684
27 years$6,776$5,041$3,693$2,670$1,910$1,502
28 years$6,463$4,750$3,433$2,446$1,723$1,341
29 years$6,173$4,481$3,195$2,243$1,556$1,197
30 years$5,903$4,232$2,976$2,059$1,406$1,070
31 years$5,651$4,001$2,774$1,891$1,271$956
32 years$5,415$3,785$2,588$1,738$1,150$855
33 years$5,193$3,585$2,417$1,598$1,040$765
34 years$4,986$3,398$2,258$1,470$942$685
35 years$4,790$3,223$2,111$1,354$853$613
36 years$4,606$3,059$1,975$1,247$773$549
37 years$4,432$2,905$1,849$1,149$701$492
38 years$4,268$2,761$1,731$1,059$635$441
39 years$4,112$2,625$1,622$976$576$395
40 years$3,965$2,498$1,520$900$522$354
41 years$3,825$2,378$1,425$831$474$317
42 years$3,692$2,264$1,337$767$430$284
43 years$3,566$2,157$1,255$708$390$255
44 years$3,446$2,056$1,178$653$354$229
45 years$3,331$1,961$1,106$603$322$205
46 years$3,222$1,871$1,039$557$292$184
47 years$3,118$1,785$976$515$265$165
48 years$3,018$1,704$917$476$241$148
49 years$2,923$1,628$862$440$219$133
50 years$2,831$1,555$810$406$199$119

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 $6,881 every year, while hoping to spend $39,165 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: 53/41/6 Blend
50$2,900,000$2,900,000$2,900,000$2,900,000
51$3,202,898$3,049,198$3,004,248$3,367,867
52$3,487,922$3,156,937$3,063,219$3,588,047
53$3,800,706$3,268,643$3,122,853$3,822,573
54$4,144,040$3,384,469$3,183,130$4,076,757
55$4,520,998$3,504,573$3,244,031$4,352,461
56$4,934,965$3,629,122$3,305,531$4,651,733
57$5,389,670$3,758,288$3,367,605$4,976,824
58$5,889,222$3,892,250$3,430,225$5,330,208
59$6,438,148$4,031,195$3,493,363$5,714,608
60$7,041,433$4,175,318$3,556,984$6,133,017
61$7,704,570$4,324,820$3,621,055$6,588,730
62$8,433,613$4,479,912$3,685,537$7,085,369
63$9,235,228$4,640,815$3,750,389$7,626,921
64$10,116,761$4,807,755$3,815,567$8,217,771
65$11,086,306$4,980,970$3,881,024$8,862,746
66$12,152,781$5,160,709$3,946,709$9,567,157
67$13,326,009$5,347,228$4,012,569$10,336,851
68$14,616,817$5,540,797$4,078,545$11,178,263
69$16,037,131$5,741,695$4,144,574$12,098,474
70$17,600,093$5,950,213$4,210,592$13,105,282
71$19,320,183$6,166,654$4,276,528$14,207,270
72$21,213,356$6,391,334$4,342,306$15,413,889
73$23,297,191$6,624,583$4,407,847$16,735,542
74$25,591,061$6,866,743$4,473,065$18,183,686
75$28,116,308$7,118,173$4,537,872$19,770,936
76$30,896,451$7,379,243$4,602,171$21,511,181
77$33,957,406$7,650,343$4,665,860$23,419,720
78$37,327,729$7,931,876$4,728,833$25,513,397
79$41,038,884$8,224,265$4,790,976$27,810,765
80$45,125,544$8,527,948$4,852,168$30,332,256
81$49,625,915$8,843,384$4,912,281$33,100,375
82$54,582,098$9,171,049$4,971,182$36,139,907
83$60,040,483$9,511,441$5,028,728$39,478,152
84$66,052,190$9,865,079$5,084,768$43,145,183
85$72,673,550$10,232,505$5,139,144$47,174,122
86$79,966,636$10,614,281$5,191,689$51,601,456
87$87,999,848$11,010,997$5,242,226$56,467,378
88$96,848,562$11,423,265$5,290,570$61,816,164
89$106,595,835$11,851,725$5,336,524$67,696,588
90$117,333,195$12,297,044$5,379,883$74,162,381
91$129,161,500$12,759,919$5,420,428$81,272,738
92$142,191,893$13,241,074$5,457,931$89,092,870
93$156,546,846$13,741,267$5,492,153$97,694,620
94$172,361,324$14,261,289$5,522,839$107,157,139
95$189,784,049$14,801,962$5,549,725$117,567,629
96$208,978,911$15,364,147$5,572,529$129,022,164
97$230,126,512$15,948,742$5,590,960$141,626,594
98$253,425,867$16,556,681$5,604,709$155,497,540
99$279,096,290$17,188,943$5,613,451$170,763,496
100$307,379,457$17,846,547$5,616,847$187,566,031