Can I retire at age 51 with 2,920,000?

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 $2,920,000?

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$241,131$238,983$236,887$234,842$232,845$227,957
2 years$119,372$117,149$114,994$112,905$110,879$105,977
3 years$78,791$76,558$74,409$72,339$70,346$65,584
4 years$58,504$56,278$54,150$52,116$50,171$45,586
5 years$46,335$44,123$42,023$40,030$38,139$33,743
6 years$38,225$36,030$33,961$32,013$30,178$25,975
7 years$32,435$30,258$28,222$26,319$24,543$20,535
8 years$28,094$25,936$23,934$22,079$20,361$16,546
9 years$24,720$22,582$20,614$18,806$17,147$13,522
10 years$22,022$19,905$17,972$16,211$14,610$11,173
11 years$19,816$17,720$15,822$14,108$12,565$9,310
12 years$17,979$15,905$14,042$12,375$10,889$7,812
13 years$16,425$14,373$12,546$10,925$9,495$6,591
14 years$15,095$13,065$11,272$9,698$8,323$5,586
15 years$13,944$11,935$10,177$8,649$7,329$4,752
16 years$12,937$10,950$9,227$7,744$6,477$4,055
17 years$12,049$10,085$8,396$6,958$5,743$3,469
18 years$11,261$9,319$7,665$6,271$5,106$2,975
19 years$10,557$8,637$7,017$5,666$4,551$2,556
20 years$9,924$8,025$6,440$5,132$4,065$2,199
21 years$9,352$7,475$5,923$4,657$3,638$1,895
22 years$8,833$6,978$5,459$4,235$3,261$1,634
23 years$8,360$6,526$5,041$3,857$2,927$1,411
24 years$7,926$6,115$4,662$3,517$2,631$1,219
25 years$7,528$5,738$4,318$3,212$2,368$1,055
26 years$7,161$5,393$4,004$2,937$2,133$913
27 years$6,822$5,076$3,718$2,688$1,923$790
28 years$6,508$4,783$3,457$2,463$1,735$684
29 years$6,216$4,512$3,217$2,259$1,567$593
30 years$5,944$4,261$2,996$2,073$1,416$514
31 years$5,690$4,028$2,793$1,904$1,280$446
32 years$5,452$3,811$2,606$1,750$1,158$387
33 years$5,229$3,609$2,434$1,609$1,048$335
34 years$5,020$3,421$2,274$1,480$949$291
35 years$4,823$3,245$2,126$1,363$859$253
36 years$4,638$3,080$1,989$1,255$778$219
37 years$4,463$2,925$1,861$1,156$706$190
38 years$4,297$2,780$1,743$1,066$640$165
39 years$4,140$2,643$1,633$983$580$143
40 years$3,992$2,515$1,531$907$526$125
41 years$3,851$2,394$1,435$836$477$108
42 years$3,718$2,280$1,346$772$433$94
43 years$3,590$2,172$1,263$713$393$82
44 years$3,469$2,071$1,186$658$357$71
45 years$3,354$1,975$1,113$608$324$62
46 years$3,244$1,884$1,046$561$294$53
47 years$3,139$1,798$983$519$267$46
48 years$3,039$1,716$923$479$243$40
49 years$2,943$1,639$868$443$220$35
50 years$2,851$1,565$816$409$200$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,920,000, adding $4,617 every year, while hoping to spend $41,109 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: 63/28/9 Blend
50$2,920,000$2,920,000$2,920,000$2,920,000
51$3,222,602$3,067,842$3,022,582$3,419,170
52$3,507,568$3,174,427$3,080,099$3,657,595
53$3,820,223$3,284,857$3,138,165$3,912,607
54$4,163,347$3,399,276$3,196,755$4,189,996
55$4,540,004$3,517,836$3,255,842$4,491,932
56$4,953,567$3,640,693$3,315,396$4,820,800
57$5,407,754$3,768,010$3,375,385$5,179,226
58$5,906,660$3,899,957$3,435,775$5,570,099
59$6,454,794$4,036,710$3,496,528$5,996,599
60$7,057,126$4,178,452$3,557,605$6,462,226
61$7,719,130$4,325,374$3,618,962$6,970,833
62$8,446,838$4,477,673$3,680,553$7,526,661
63$9,246,892$4,635,556$3,742,329$8,134,379
64$10,126,614$4,799,237$3,804,236$8,799,126
65$11,094,069$4,968,940$3,866,218$9,526,564
66$12,158,142$5,144,896$3,928,214$10,322,922
67$13,328,624$5,327,347$3,990,161$11,195,065
68$14,616,301$5,516,544$4,051,988$12,150,547
69$16,033,057$5,712,749$4,113,624$13,197,690
70$17,591,989$5,916,234$4,174,990$14,345,659
71$19,307,524$6,127,281$4,236,004$15,604,545
72$21,195,560$6,346,186$4,296,579$16,985,465
73$23,273,613$6,573,256$4,356,620$18,500,661
74$25,560,985$6,808,809$4,416,031$20,163,619
75$28,078,944$7,053,178$4,474,706$21,989,191
76$30,850,922$7,306,710$4,532,534$23,993,739
77$33,902,742$7,569,764$4,589,400$26,195,284
78$37,262,855$7,842,717$4,645,179$28,613,679
79$40,962,615$8,125,958$4,699,740$31,270,792
80$45,036,566$8,419,895$4,752,947$34,190,716
81$49,522,778$8,724,951$4,804,652$37,399,989
82$54,463,196$9,041,569$4,854,702$40,927,851
83$59,904,043$9,370,207$4,902,936$44,806,510
84$65,896,253$9,711,344$4,949,182$49,071,454
85$72,495,951$10,065,481$4,993,260$53,761,779
86$79,764,984$10,433,136$5,034,981$58,920,557
87$87,771,504$10,814,851$5,074,144$64,595,243
88$96,590,609$11,211,190$5,110,540$70,838,124
89$106,305,055$11,622,743$5,143,947$77,706,805
90$117,006,034$12,050,120$5,174,132$85,264,755
91$128,794,036$12,493,962$5,200,852$93,581,906
92$141,779,795$12,954,934$5,223,848$102,735,309
93$156,085,338$13,433,729$5,242,851$112,809,861
94$171,845,133$13,931,072$5,257,576$123,899,103
95$189,207,357$14,447,716$5,267,726$136,106,104
96$208,335,301$14,984,447$5,272,988$149,544,432
97$229,408,901$15,542,085$5,273,033$164,339,220
98$252,626,446$16,121,484$5,267,517$180,628,351
99$278,206,443$16,723,536$5,256,077$198,563,755
100$306,389,680$17,349,169$5,238,336$218,312,840