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

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$241,131$238,983$236,887$234,842$232,845$224,316
2 years$119,372$117,149$114,994$112,905$110,879$102,381
3 years$78,791$76,558$74,409$72,339$70,346$62,146
4 years$58,504$56,278$54,150$52,116$50,171$42,333
5 years$46,335$44,123$42,023$40,030$38,139$30,682
6 years$38,225$36,030$33,961$32,013$30,178$23,108
7 years$32,435$30,258$28,222$26,319$24,543$17,857
8 years$28,094$25,936$23,934$22,079$20,361$14,054
9 years$24,720$22,582$20,614$18,806$17,147$11,211
10 years$22,022$19,905$17,972$16,211$14,610$9,034
11 years$19,816$17,720$15,822$14,108$12,565$7,337
12 years$17,979$15,905$14,042$12,375$10,889$5,996
13 years$16,425$14,373$12,546$10,925$9,495$4,924
14 years$15,095$13,065$11,272$9,698$8,323$4,059
15 years$13,944$11,935$10,177$8,649$7,329$3,357
16 years$12,937$10,950$9,227$7,744$6,477$2,784
17 years$12,049$10,085$8,396$6,958$5,743$2,313
18 years$11,261$9,319$7,665$6,271$5,106$1,926
19 years$10,557$8,637$7,017$5,666$4,551$1,605
20 years$9,924$8,025$6,440$5,132$4,065$1,340
21 years$9,352$7,475$5,923$4,657$3,638$1,119
22 years$8,833$6,978$5,459$4,235$3,261$936
23 years$8,360$6,526$5,041$3,857$2,927$783
24 years$7,926$6,115$4,662$3,517$2,631$656
25 years$7,528$5,738$4,318$3,212$2,368$549
26 years$7,161$5,393$4,004$2,937$2,133$460
27 years$6,822$5,076$3,718$2,688$1,923$386
28 years$6,508$4,783$3,457$2,463$1,735$323
29 years$6,216$4,512$3,217$2,259$1,567$271
30 years$5,944$4,261$2,996$2,073$1,416$227
31 years$5,690$4,028$2,793$1,904$1,280$191
32 years$5,452$3,811$2,606$1,750$1,158$160
33 years$5,229$3,609$2,434$1,609$1,048$134
34 years$5,020$3,421$2,274$1,480$949$113
35 years$4,823$3,245$2,126$1,363$859$95
36 years$4,638$3,080$1,989$1,255$778$79
37 years$4,463$2,925$1,861$1,156$706$67
38 years$4,297$2,780$1,743$1,066$640$56
39 years$4,140$2,643$1,633$983$580$47
40 years$3,992$2,515$1,531$907$526$39
41 years$3,851$2,394$1,435$836$477$33
42 years$3,718$2,280$1,346$772$433$28
43 years$3,590$2,172$1,263$713$393$23
44 years$3,469$2,071$1,186$658$357$20
45 years$3,354$1,975$1,113$608$324$16
46 years$3,244$1,884$1,046$561$294$14
47 years$3,139$1,798$983$519$267$12
48 years$3,039$1,716$923$479$243$10
49 years$2,943$1,639$868$443$220$8
50 years$2,851$1,565$816$409$200$7

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 $3,656 every year, while hoping to spend $36,346 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: 62/18/20 Blend
50$2,920,000$2,920,000$2,920,000$2,920,000
51$3,221,611$3,066,851$3,021,591$3,404,482
52$3,511,544$3,178,455$3,084,143$3,639,921
53$3,829,831$3,294,309$3,147,571$3,892,470
54$4,179,327$3,414,584$3,211,868$4,167,359
55$4,563,176$3,539,456$3,277,023$4,466,768
56$4,984,840$3,669,110$3,343,024$4,793,095
57$5,448,135$3,803,737$3,409,857$5,148,980
58$5,957,264$3,943,539$3,477,506$5,537,329
59$6,516,856$4,088,724$3,545,954$5,961,343
60$7,132,014$4,239,510$3,615,181$6,424,543
61$7,808,356$4,396,122$3,685,166$6,930,807
62$8,552,075$4,558,799$3,755,886$7,484,407
63$9,369,992$4,727,785$3,827,313$8,090,043
64$10,269,623$4,903,338$3,899,420$8,752,894
65$11,259,248$5,085,726$3,972,175$9,478,663
66$12,347,993$5,275,228$4,045,544$10,273,627
67$13,545,909$5,472,136$4,119,491$11,144,705
68$14,864,073$5,676,751$4,193,975$12,099,511
69$16,314,689$5,889,392$4,268,954$13,146,436
70$17,911,204$6,110,389$4,344,380$14,294,721
71$19,668,434$6,340,086$4,420,204$15,554,543
72$21,602,706$6,578,841$4,496,373$16,937,113
73$23,732,008$6,827,031$4,572,828$18,454,783
74$26,076,163$7,085,046$4,649,507$20,121,155
75$28,657,012$7,353,293$4,726,346$21,951,217
76$31,498,621$7,632,198$4,803,272$23,961,477
77$34,627,510$7,922,205$4,880,212$26,170,124
78$38,072,900$8,223,778$4,957,083$28,597,193
79$41,866,992$8,537,399$5,033,802$31,264,759
80$46,045,268$8,863,574$5,110,276$34,197,141
81$50,646,824$9,202,828$5,186,409$37,421,132
82$55,714,744$9,555,711$5,262,098$40,966,250
83$61,296,504$9,922,797$5,337,234$44,865,018
84$67,444,417$10,304,683$5,411,701$49,153,270
85$74,216,131$10,701,996$5,485,377$53,870,483
86$81,675,170$11,115,387$5,558,130$59,060,159
87$89,891,534$11,545,538$5,629,824$64,770,223
88$98,942,360$11,993,159$5,700,313$71,053,483
89$108,912,650$12,458,993$5,769,443$77,968,125
90$119,896,072$12,943,815$5,837,051$85,578,259
91$131,995,844$13,448,435$5,902,965$93,954,526
92$145,325,710$13,973,699$5,967,004$103,174,763
93$160,011,010$14,520,488$6,028,977$113,324,733
94$176,189,867$15,089,725$6,088,681$124,498,942
95$194,014,485$15,682,374$6,145,904$136,801,519
96$213,652,592$16,299,439$6,200,421$150,347,206
97$235,289,018$16,941,973$6,251,997$165,262,437
98$259,127,441$17,611,073$6,300,381$181,686,529
99$285,392,309$18,307,885$6,345,314$199,772,997
100$314,330,962$19,033,608$6,386,518$219,691,002