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%17.4%
1 years$241,131$238,983$236,887$234,842$232,845$225,844
2 years$119,372$117,149$114,994$112,905$110,879$103,884
3 years$78,791$76,558$74,409$72,339$70,346$63,577
4 years$58,504$56,278$54,150$52,116$50,171$43,680
5 years$46,335$44,123$42,023$40,030$38,139$31,944
6 years$38,225$36,030$33,961$32,013$30,178$24,284
7 years$32,435$30,258$28,222$26,319$24,543$18,949
8 years$28,094$25,936$23,934$22,079$20,361$15,064
9 years$24,720$22,582$20,614$18,806$17,147$12,142
10 years$22,022$19,905$17,972$16,211$14,610$9,889
11 years$19,816$17,720$15,822$14,108$12,565$8,121
12 years$17,979$15,905$14,042$12,375$10,889$6,711
13 years$16,425$14,373$12,546$10,925$9,495$5,576
14 years$15,095$13,065$11,272$9,698$8,323$4,651
15 years$13,944$11,935$10,177$8,649$7,329$3,894
16 years$12,937$10,950$9,227$7,744$6,477$3,269
17 years$12,049$10,085$8,396$6,958$5,743$2,750
18 years$11,261$9,319$7,665$6,271$5,106$2,319
19 years$10,557$8,637$7,017$5,666$4,551$1,958
20 years$9,924$8,025$6,440$5,132$4,065$1,655
21 years$9,352$7,475$5,923$4,657$3,638$1,401
22 years$8,833$6,978$5,459$4,235$3,261$1,187
23 years$8,360$6,526$5,041$3,857$2,927$1,007
24 years$7,926$6,115$4,662$3,517$2,631$854
25 years$7,528$5,738$4,318$3,212$2,368$725
26 years$7,161$5,393$4,004$2,937$2,133$616
27 years$6,822$5,076$3,718$2,688$1,923$524
28 years$6,508$4,783$3,457$2,463$1,735$445
29 years$6,216$4,512$3,217$2,259$1,567$379
30 years$5,944$4,261$2,996$2,073$1,416$322
31 years$5,690$4,028$2,793$1,904$1,280$274
32 years$5,452$3,811$2,606$1,750$1,158$233
33 years$5,229$3,609$2,434$1,609$1,048$198
34 years$5,020$3,421$2,274$1,480$949$169
35 years$4,823$3,245$2,126$1,363$859$144
36 years$4,638$3,080$1,989$1,255$778$122
37 years$4,463$2,925$1,861$1,156$706$104
38 years$4,297$2,780$1,743$1,066$640$89
39 years$4,140$2,643$1,633$983$580$76
40 years$3,992$2,515$1,531$907$526$64
41 years$3,851$2,394$1,435$836$477$55
42 years$3,718$2,280$1,346$772$433$47
43 years$3,590$2,172$1,263$713$393$40
44 years$3,469$2,071$1,186$658$357$34
45 years$3,354$1,975$1,113$608$324$29
46 years$3,244$1,884$1,046$561$294$25
47 years$3,139$1,798$983$519$267$21
48 years$3,039$1,716$923$479$243$18
49 years$2,943$1,639$868$443$220$15
50 years$2,851$1,565$816$409$200$13

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 $4,329 every year, while hoping to spend $51,498 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: 67/12/21 Blend
50$2,920,000$2,920,000$2,920,000$2,920,000
51$3,222,305$3,067,545$3,022,285$3,420,878
52$3,496,187$3,163,062$3,068,738$3,650,017
53$3,796,279$3,261,532$3,115,022$3,894,167
54$4,125,199$3,363,047$3,161,075$4,159,941
55$4,485,833$3,467,700$3,206,835$4,449,466
56$4,881,358$3,575,587$3,252,233$4,765,085
57$5,315,272$3,686,806$3,297,199$5,109,379
58$5,791,429$3,801,460$3,341,655$5,485,191
59$6,314,076$3,919,652$3,385,521$5,895,649
60$6,887,888$4,041,492$3,428,712$6,344,203
61$7,518,017$4,167,089$3,471,139$6,834,650
62$8,210,138$4,296,559$3,512,705$7,371,175
63$8,970,501$4,430,020$3,553,309$7,958,385
64$9,805,993$4,567,592$3,592,847$8,601,359
65$10,724,202$4,709,402$3,631,204$9,305,688
66$11,733,485$4,855,576$3,668,263$10,077,536
67$12,843,050$5,006,249$3,703,900$10,923,689
68$14,063,042$5,161,557$3,737,982$11,851,629
69$15,404,639$5,321,639$3,770,370$12,869,594
70$16,880,154$5,486,641$3,800,920$13,986,665
71$18,503,155$5,656,713$3,829,476$15,212,843
72$20,288,591$5,832,006$3,855,878$16,559,150
73$22,252,932$6,012,679$3,879,955$18,037,731
74$24,414,326$6,198,894$3,901,528$19,661,967
75$26,792,766$6,390,820$3,920,408$21,446,599
76$29,410,286$6,588,627$3,936,399$23,407,875
77$32,291,159$6,792,494$3,949,293$25,563,696
78$35,462,133$7,002,602$3,958,870$27,933,784
79$38,952,681$7,219,140$3,964,903$30,539,877
80$42,795,278$7,442,301$3,967,150$33,405,922
81$47,025,705$7,672,283$3,965,359$36,558,312
82$51,683,394$7,909,292$3,959,265$40,026,127
83$56,811,791$8,153,538$3,948,591$43,841,412
84$62,458,770$8,405,237$3,933,045$48,039,479
85$68,677,084$8,664,614$3,912,322$52,659,241
86$75,524,864$8,931,896$3,886,101$57,743,575
87$83,066,162$9,207,322$3,854,048$63,339,733
88$91,371,562$9,491,132$3,815,810$69,499,785
89$100,518,842$9,783,578$3,771,020$76,281,108
90$110,593,706$10,084,916$3,719,292$83,746,931
91$121,690,598$10,395,411$3,660,222$91,966,931
92$133,913,588$10,715,334$3,593,388$101,017,890
93$147,377,354$11,044,966$3,518,348$110,984,420
94$162,208,270$11,384,595$3,434,637$121,959,762
95$178,545,589$11,734,515$3,341,773$134,046,667
96$196,542,764$12,095,033$3,239,248$147,358,365
97$216,368,896$12,466,459$3,126,533$162,019,632
98$238,210,325$12,849,117$3,003,073$178,167,972
99$262,272,391$13,243,336$2,868,289$195,954,914
100$288,781,373$13,649,458$2,721,575$215,547,438