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%17.7%
1 years$241,131$238,983$236,887$234,842$232,845$225,572
2 years$119,372$117,149$114,994$112,905$110,879$103,616
3 years$78,791$76,558$74,409$72,339$70,346$63,322
4 years$58,504$56,278$54,150$52,116$50,171$43,439
5 years$46,335$44,123$42,023$40,030$38,139$31,717
6 years$38,225$36,030$33,961$32,013$30,178$24,072
7 years$32,435$30,258$28,222$26,319$24,543$18,752
8 years$28,094$25,936$23,934$22,079$20,361$14,881
9 years$24,720$22,582$20,614$18,806$17,147$11,972
10 years$22,022$19,905$17,972$16,211$14,610$9,733
11 years$19,816$17,720$15,822$14,108$12,565$7,977
12 years$17,979$15,905$14,042$12,375$10,889$6,579
13 years$16,425$14,373$12,546$10,925$9,495$5,455
14 years$15,095$13,065$11,272$9,698$8,323$4,541
15 years$13,944$11,935$10,177$8,649$7,329$3,793
16 years$12,937$10,950$9,227$7,744$6,477$3,178
17 years$12,049$10,085$8,396$6,958$5,743$2,668
18 years$11,261$9,319$7,665$6,271$5,106$2,244
19 years$10,557$8,637$7,017$5,666$4,551$1,891
20 years$9,924$8,025$6,440$5,132$4,065$1,595
21 years$9,352$7,475$5,923$4,657$3,638$1,347
22 years$8,833$6,978$5,459$4,235$3,261$1,139
23 years$8,360$6,526$5,041$3,857$2,927$963
24 years$7,926$6,115$4,662$3,517$2,631$815
25 years$7,528$5,738$4,318$3,212$2,368$691
26 years$7,161$5,393$4,004$2,937$2,133$585
27 years$6,822$5,076$3,718$2,688$1,923$496
28 years$6,508$4,783$3,457$2,463$1,735$421
29 years$6,216$4,512$3,217$2,259$1,567$357
30 years$5,944$4,261$2,996$2,073$1,416$303
31 years$5,690$4,028$2,793$1,904$1,280$257
32 years$5,452$3,811$2,606$1,750$1,158$218
33 years$5,229$3,609$2,434$1,609$1,048$185
34 years$5,020$3,421$2,274$1,480$949$157
35 years$4,823$3,245$2,126$1,363$859$134
36 years$4,638$3,080$1,989$1,255$778$113
37 years$4,463$2,925$1,861$1,156$706$96
38 years$4,297$2,780$1,743$1,066$640$82
39 years$4,140$2,643$1,633$983$580$69
40 years$3,992$2,515$1,531$907$526$59
41 years$3,851$2,394$1,435$836$477$50
42 years$3,718$2,280$1,346$772$433$43
43 years$3,590$2,172$1,263$713$393$36
44 years$3,469$2,071$1,186$658$357$31
45 years$3,354$1,975$1,113$608$324$26
46 years$3,244$1,884$1,046$561$294$22
47 years$3,139$1,798$983$519$267$19
48 years$3,039$1,716$923$479$243$16
49 years$2,943$1,639$868$443$220$14
50 years$2,851$1,565$816$409$200$12

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 $2,193 every year, while hoping to spend $48,226 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: 68/22/10 Blend
50$2,920,000$2,920,000$2,920,000$2,920,000
51$3,220,102$3,065,342$3,020,082$3,432,372
52$3,497,240$3,164,232$3,069,943$3,672,496
53$3,801,031$3,266,351$3,119,857$3,929,005
54$4,134,140$3,371,806$3,169,777$4,208,259
55$4,499,507$3,480,709$3,219,649$4,512,481
56$4,900,367$3,593,175$3,269,418$4,844,116
57$5,340,285$3,709,321$3,319,024$5,205,857
58$5,823,188$3,829,271$3,368,405$5,600,668
59$6,353,399$3,953,152$3,417,493$6,031,813
60$6,935,684$4,081,095$3,466,217$6,502,883
61$7,575,291$4,213,235$3,514,502$7,017,838
62$8,278,001$4,349,713$3,562,268$7,581,032
63$9,050,183$4,490,675$3,609,430$8,197,263
64$9,898,854$4,636,271$3,655,898$8,871,816
65$10,831,744$4,786,655$3,701,578$9,610,510
66$11,857,370$4,941,990$3,746,369$10,419,752
67$12,985,115$5,102,441$3,790,166$11,306,603
68$14,225,317$5,268,180$3,832,856$12,278,836
69$15,589,363$5,439,385$3,874,321$13,345,016
70$17,089,805$5,616,241$3,914,437$14,514,576
71$18,740,466$5,798,938$3,953,072$15,797,907
72$20,556,581$5,987,674$3,990,088$17,206,457
73$22,554,935$6,182,652$4,025,338$18,752,834
74$24,754,020$6,384,084$4,058,669$20,450,931
75$27,174,215$6,592,189$4,089,918$22,316,050
76$29,837,970$6,807,191$4,118,916$24,365,053
77$32,770,026$7,029,327$4,145,483$26,616,513
78$35,997,643$7,258,838$4,169,431$29,090,894
79$39,550,856$7,495,974$4,190,560$31,810,742
80$43,462,762$7,740,996$4,208,663$34,800,897
81$47,769,831$7,994,172$4,223,521$38,088,727
82$52,512,248$8,255,781$4,234,903$41,704,387
83$57,734,293$8,526,110$4,242,568$45,681,100
84$63,484,760$8,805,458$4,246,262$50,055,472
85$69,817,413$9,094,133$4,245,720$54,867,838
86$76,791,499$9,392,456$4,240,661$60,162,638
87$84,472,302$9,700,756$4,230,794$65,988,842
88$92,931,762$10,019,378$4,215,810$72,400,405
89$102,249,149$10,348,675$4,195,387$79,456,779
90$112,511,818$10,689,016$4,169,189$87,223,474
91$123,816,027$11,040,781$4,136,860$95,772,674
92$136,267,847$11,404,365$4,098,030$105,183,917
93$149,984,165$11,780,176$4,052,311$115,544,848
94$165,093,782$12,168,637$3,999,296$126,952,042
95$181,738,634$12,570,186$3,938,559$139,511,917
96$200,075,128$12,985,278$3,869,653$153,341,738
97$220,275,617$13,414,383$3,792,113$168,570,719
98$242,530,030$13,857,988$3,705,449$185,341,249
99$267,047,661$14,316,598$3,609,150$203,810,229
100$294,059,147$14,790,736$3,502,681$224,150,554