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%15.1%
1 years$240,305$238,165$236,076$234,038$232,047$227,177
2 years$118,963$116,747$114,600$112,518$110,499$105,614
3 years$78,521$76,296$74,154$72,091$70,105$65,359
4 years$58,304$56,085$53,965$51,938$49,999$45,429
5 years$46,177$43,972$41,879$39,893$38,009$33,627
6 years$38,095$35,906$33,845$31,903$30,075$25,887
7 years$32,324$30,154$28,125$26,229$24,459$20,464
8 years$27,998$25,847$23,852$22,003$20,291$16,489
9 years$24,635$22,505$20,544$18,742$17,088$13,476
10 years$21,946$19,837$17,911$16,156$14,560$11,134
11 years$19,748$17,660$15,768$14,060$12,522$9,279
12 years$17,917$15,850$13,994$12,333$10,851$7,785
13 years$16,369$14,324$12,503$10,888$9,463$6,568
14 years$15,044$13,020$11,234$9,665$8,295$5,567
15 years$13,896$11,894$10,142$8,620$7,303$4,736
16 years$12,892$10,913$9,196$7,718$6,455$4,041
17 years$12,008$10,050$8,368$6,934$5,723$3,458
18 years$11,223$9,287$7,639$6,249$5,089$2,965
19 years$10,521$8,607$6,993$5,647$4,536$2,547
20 years$9,890$7,998$6,418$5,114$4,051$2,191
21 years$9,320$7,450$5,903$4,641$3,626$1,888
22 years$8,803$6,954$5,441$4,220$3,250$1,629
23 years$8,331$6,504$5,023$3,843$2,917$1,406
24 years$7,899$6,094$4,646$3,505$2,622$1,215
25 years$7,502$5,719$4,303$3,201$2,359$1,051
26 years$7,137$5,375$3,991$2,927$2,125$909
27 years$6,799$5,058$3,706$2,679$1,916$787
28 years$6,486$4,766$3,445$2,455$1,729$682
29 years$6,195$4,497$3,206$2,251$1,561$591
30 years$5,924$4,246$2,986$2,066$1,411$512
31 years$5,670$4,014$2,784$1,897$1,275$444
32 years$5,433$3,798$2,597$1,744$1,154$385
33 years$5,211$3,597$2,425$1,604$1,044$334
34 years$5,003$3,409$2,266$1,475$945$290
35 years$4,807$3,234$2,119$1,358$856$252
36 years$4,622$3,069$1,982$1,251$776$218
37 years$4,447$2,915$1,855$1,152$703$190
38 years$4,282$2,770$1,737$1,062$637$165
39 years$4,126$2,634$1,627$979$578$143
40 years$3,978$2,506$1,525$903$524$124
41 years$3,838$2,386$1,430$834$476$108
42 years$3,705$2,272$1,342$769$432$94
43 years$3,578$2,165$1,259$710$392$81
44 years$3,457$2,064$1,182$656$356$71
45 years$3,343$1,968$1,110$606$323$61
46 years$3,233$1,877$1,042$559$293$53
47 years$3,128$1,791$979$517$266$46
48 years$3,028$1,710$920$477$242$40
49 years$2,933$1,633$865$441$219$35
50 years$2,841$1,560$813$408$199$30

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 $4,590 every year, while hoping to spend $45,010 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: 32/39/29 Blend
50$2,910,000$2,910,000$2,910,000$2,910,000
51$3,211,555$3,057,325$3,012,220$3,285,821
52$3,491,243$3,159,243$3,065,239$3,445,271
53$3,797,951$3,264,647$3,118,525$3,612,614
54$4,134,387$3,373,660$3,172,041$3,791,988
55$4,503,534$3,486,409$3,225,744$3,984,486
56$4,908,679$3,603,028$3,279,591$4,191,306
57$5,353,441$3,723,653$3,333,534$4,413,769
58$5,841,807$3,848,427$3,387,523$4,653,322
59$6,378,169$3,977,498$3,441,502$4,911,559
60$6,967,366$4,111,019$3,495,416$5,190,232
61$7,614,728$4,249,149$3,549,203$5,491,268
62$8,326,126$4,392,053$3,602,797$5,816,784
63$9,108,030$4,539,903$3,656,130$6,169,113
64$9,967,566$4,692,875$3,709,127$6,550,816
65$10,912,586$4,851,154$3,761,712$6,964,717
66$11,951,741$5,014,931$3,813,800$7,413,917
67$13,094,560$5,184,405$3,865,304$7,901,834
68$14,351,545$5,359,781$3,916,131$8,432,227
69$15,734,264$5,541,272$3,966,184$9,009,233
70$17,255,466$5,729,100$4,015,357$9,637,406
71$18,929,193$5,923,496$4,063,541$10,321,762
72$20,770,921$6,124,698$4,110,620$11,067,820
73$22,797,700$6,332,953$4,156,471$11,881,658
74$25,028,317$6,548,520$4,200,965$12,769,967
75$27,483,473$6,771,664$4,243,964$13,740,114
76$30,185,976$7,002,665$4,285,326$14,800,216
77$33,160,959$7,241,808$4,324,898$15,959,205
78$36,436,114$7,489,395$4,362,519$17,226,923
79$40,041,957$7,745,734$4,398,022$18,614,207
80$44,012,110$8,011,148$4,431,230$20,132,992
81$48,383,624$8,285,973$4,461,955$21,796,426
82$53,197,324$8,570,557$4,490,001$23,618,989
83$58,498,196$8,865,259$4,515,161$25,616,630
84$64,335,812$9,170,457$4,537,219$27,806,920
85$70,764,795$9,486,539$4,555,946$30,209,212
86$77,845,336$9,813,912$4,571,102$32,844,826
87$85,643,762$10,152,995$4,582,436$35,737,249
88$94,233,161$10,504,227$4,589,683$38,912,353
89$103,694,071$10,868,062$4,592,565$42,398,644
90$114,115,242$11,244,973$4,590,791$46,227,524
91$125,594,470$11,635,450$4,584,056$50,433,590
92$138,239,522$12,040,003$4,572,038$55,054,957
93$152,169,154$12,459,164$4,554,402$60,133,620
94$167,514,229$12,893,484$4,530,795$65,715,847
95$184,418,951$13,343,535$4,500,848$71,852,614
96$203,042,230$13,809,915$4,464,173$78,600,088
97$223,559,179$14,293,242$4,420,364$86,020,152
98$246,162,767$14,794,162$4,368,997$94,180,991
99$271,065,637$15,313,344$4,309,627$103,157,734
100$298,502,120$15,851,486$4,241,787$113,033,160