Can I retire at age 51 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$240,305$238,165$236,076$234,038$232,047$223,814
2 years$118,963$116,747$114,600$112,518$110,499$102,292
3 years$78,521$76,296$74,154$72,091$70,105$62,182
4 years$58,304$56,085$53,965$51,938$49,999$42,421
5 years$46,177$43,972$41,879$39,893$38,009$30,795
6 years$38,095$35,906$33,845$31,903$30,075$23,231
7 years$32,324$30,154$28,125$26,229$24,459$17,984
8 years$27,998$25,847$23,852$22,003$20,291$14,179
9 years$24,635$22,505$20,544$18,742$17,088$11,331
10 years$21,946$19,837$17,911$16,156$14,560$9,148
11 years$19,748$17,660$15,768$14,060$12,522$7,444
12 years$17,917$15,850$13,994$12,333$10,851$6,095
13 years$16,369$14,324$12,503$10,888$9,463$5,016
14 years$15,044$13,020$11,234$9,665$8,295$4,144
15 years$13,896$11,894$10,142$8,620$7,303$3,435
16 years$12,892$10,913$9,196$7,718$6,455$2,854
17 years$12,008$10,050$8,368$6,934$5,723$2,377
18 years$11,223$9,287$7,639$6,249$5,089$1,983
19 years$10,521$8,607$6,993$5,647$4,536$1,657
20 years$9,890$7,998$6,418$5,114$4,051$1,386
21 years$9,320$7,450$5,903$4,641$3,626$1,161
22 years$8,803$6,954$5,441$4,220$3,250$973
23 years$8,331$6,504$5,023$3,843$2,917$816
24 years$7,899$6,094$4,646$3,505$2,622$685
25 years$7,502$5,719$4,303$3,201$2,359$575
26 years$7,137$5,375$3,991$2,927$2,125$483
27 years$6,799$5,058$3,706$2,679$1,916$406
28 years$6,486$4,766$3,445$2,455$1,729$341
29 years$6,195$4,497$3,206$2,251$1,561$287
30 years$5,924$4,246$2,986$2,066$1,411$241
31 years$5,670$4,014$2,784$1,897$1,275$203
32 years$5,433$3,798$2,597$1,744$1,154$170
33 years$5,211$3,597$2,425$1,604$1,044$143
34 years$5,003$3,409$2,266$1,475$945$121
35 years$4,807$3,234$2,119$1,358$856$102
36 years$4,622$3,069$1,982$1,251$776$85
37 years$4,447$2,915$1,855$1,152$703$72
38 years$4,282$2,770$1,737$1,062$637$60
39 years$4,126$2,634$1,627$979$578$51
40 years$3,978$2,506$1,525$903$524$43
41 years$3,838$2,386$1,430$834$476$36
42 years$3,705$2,272$1,342$769$432$30
43 years$3,578$2,165$1,259$710$392$26
44 years$3,457$2,064$1,182$656$356$21
45 years$3,343$1,968$1,110$606$323$18
46 years$3,233$1,877$1,042$559$293$15
47 years$3,128$1,791$979$517$266$13
48 years$3,028$1,710$920$477$242$11
49 years$2,933$1,633$865$441$219$9
50 years$2,841$1,560$813$408$199$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,910,000, adding $5,777 every year, while hoping to spend $29,918 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: 51/41/8 Blend
50$2,910,000$2,910,000$2,910,000$2,910,000
51$3,212,779$3,058,549$3,013,444$3,369,803
52$3,508,650$3,176,585$3,082,562$3,595,396
53$3,833,697$3,299,403$3,152,992$3,836,800
54$4,190,864$3,427,204$3,224,748$4,098,511
55$4,583,396$3,560,201$3,297,841$4,382,445
56$5,014,866$3,698,613$3,372,281$4,690,707
57$5,489,210$3,842,673$3,448,081$5,025,609
58$6,010,766$3,992,621$3,525,248$5,389,693
59$6,584,314$4,148,709$3,603,793$5,785,754
60$7,215,117$4,311,199$3,683,724$6,216,865
61$7,908,977$4,480,366$3,765,047$6,686,405
62$8,672,285$4,656,497$3,847,768$7,198,090
63$9,512,084$4,839,890$3,931,894$7,756,007
64$10,436,131$5,030,860$4,017,427$8,364,652
65$11,452,977$5,229,732$4,104,371$9,028,970
66$12,572,040$5,436,848$4,192,727$9,754,402
67$13,803,699$5,652,565$4,282,495$10,546,935
68$15,159,391$5,877,256$4,373,673$11,413,156
69$16,651,717$6,111,309$4,466,259$12,360,315
70$18,294,561$6,355,132$4,560,248$13,396,390
71$20,103,223$6,609,150$4,655,633$14,530,162
72$22,094,561$6,873,808$4,752,406$15,771,297
73$24,287,150$7,149,569$4,850,556$17,130,433
74$26,701,461$7,436,919$4,950,070$18,619,282
75$29,360,047$7,736,365$5,050,935$20,250,737
76$32,287,763$8,048,438$5,153,133$22,038,994
77$35,511,996$8,373,692$5,256,643$23,999,682
78$39,062,922$8,712,706$5,361,443$26,150,008
79$42,973,797$9,066,086$5,467,509$28,508,920
80$47,281,265$9,434,464$5,574,811$31,097,284
81$52,025,705$9,818,504$5,683,318$33,938,076
82$57,251,614$10,218,897$5,792,996$37,056,599
83$63,008,022$10,636,367$5,903,805$40,480,717
84$69,348,961$11,071,670$6,015,703$44,241,119
85$76,333,971$11,525,597$6,128,645$48,371,604
86$84,028,662$11,998,977$6,242,580$52,909,399
87$92,505,332$12,492,674$6,357,454$57,895,505
88$101,843,654$13,007,594$6,473,207$63,375,083
89$112,131,423$13,544,682$6,589,775$69,397,877
90$123,465,385$14,104,928$6,707,089$76,018,683
91$135,952,153$14,689,368$6,825,075$83,297,856
92$149,709,209$15,299,084$6,943,653$91,301,886
93$164,866,019$15,935,209$7,062,735$100,104,012
94$181,565,247$16,598,929$7,182,231$109,784,919
95$199,964,108$17,291,481$7,302,041$120,433,488
96$220,235,847$18,014,164$7,422,059$132,147,637
97$242,571,379$18,768,334$7,542,174$145,035,238
98$267,181,086$19,555,409$7,662,263$159,215,131
99$294,296,807$20,376,875$7,782,200$174,818,241
100$324,174,025$21,234,285$7,901,847$191,988,813