Can I retire at age 51 with 2,930,000?

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 $2,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$241,957$239,801$237,699$235,646$233,642$230,532
2 years$119,781$117,550$115,388$113,292$111,258$108,129
3 years$79,060$76,820$74,664$72,587$70,587$67,537
4 years$58,704$56,471$54,336$52,295$50,343$47,396
5 years$46,494$44,274$42,167$40,167$38,270$35,433
6 years$38,356$36,153$34,077$32,122$30,282$27,560
7 years$32,546$30,361$28,318$26,409$24,627$22,020
8 years$28,190$26,025$24,016$22,154$20,431$17,939
9 years$24,804$22,660$20,685$18,870$17,206$14,828
10 years$22,097$19,973$18,034$16,267$14,660$12,395
11 years$19,884$17,781$15,877$14,157$12,608$10,453
12 years$18,040$15,959$14,090$12,417$10,926$8,878
13 years$16,482$14,423$12,589$10,963$9,528$7,585
14 years$15,147$13,110$11,311$9,731$8,352$6,511
15 years$13,991$11,976$10,212$8,679$7,354$5,612
16 years$12,981$10,988$9,259$7,771$6,499$4,853
17 years$12,091$10,119$8,425$6,982$5,763$4,209
18 years$11,300$9,351$7,691$6,292$5,124$3,659
19 years$10,593$8,666$7,041$5,686$4,567$3,188
20 years$9,958$8,053$6,462$5,149$4,079$2,782
21 years$9,384$7,501$5,944$4,673$3,651$2,432
22 years$8,863$7,002$5,478$4,249$3,272$2,128
23 years$8,388$6,549$5,058$3,870$2,937$1,865
24 years$7,953$6,136$4,678$3,530$2,640$1,636
25 years$7,554$5,758$4,332$3,223$2,376$1,436
26 years$7,186$5,412$4,018$2,947$2,140$1,262
27 years$6,846$5,093$3,731$2,698$1,929$1,109
28 years$6,530$4,799$3,469$2,472$1,741$976
29 years$6,237$4,527$3,228$2,267$1,572$859
30 years$5,964$4,276$3,007$2,080$1,420$756
31 years$5,709$4,042$2,803$1,910$1,284$666
32 years$5,471$3,824$2,615$1,756$1,162$587
33 years$5,247$3,622$2,442$1,615$1,051$517
34 years$5,037$3,433$2,282$1,486$952$456
35 years$4,840$3,256$2,133$1,368$862$402
36 years$4,654$3,090$1,995$1,259$781$355
37 years$4,478$2,935$1,868$1,160$708$313
38 years$4,312$2,789$1,749$1,070$642$276
39 years$4,155$2,652$1,639$986$582$244
40 years$4,006$2,524$1,536$910$528$215
41 years$3,865$2,402$1,440$839$479$190
42 years$3,730$2,288$1,351$775$435$168
43 years$3,603$2,180$1,268$715$394$148
44 years$3,481$2,078$1,190$660$358$131
45 years$3,366$1,981$1,117$610$325$115
46 years$3,255$1,890$1,049$563$295$102
47 years$3,150$1,804$986$520$268$90
48 years$3,049$1,722$926$481$243$79
49 years$2,953$1,644$871$444$221$70
50 years$2,861$1,571$819$411$201$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,930,000, adding $3,772 every year, while hoping to spend $28,944 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: 40/45/15 Blend
50$2,930,000$2,930,000$2,930,000$2,930,000
51$3,232,751$3,077,461$3,032,046$3,347,491
52$3,531,695$3,197,460$3,102,823$3,549,238
53$3,860,162$3,322,369$3,175,001$3,764,245
54$4,221,131$3,452,399$3,248,597$3,996,217
55$4,617,888$3,587,767$3,323,626$4,246,710
56$5,054,049$3,728,704$3,400,104$4,517,427
57$5,533,600$3,875,449$3,478,045$4,810,241
58$6,060,932$4,028,251$3,557,465$5,127,208
59$6,640,884$4,187,372$3,638,377$5,470,587
60$7,278,786$4,353,085$3,720,794$5,842,857
61$7,980,510$4,525,674$3,804,729$6,246,745
62$8,752,528$4,705,438$3,890,193$6,685,244
63$9,601,968$4,892,687$3,977,198$7,161,646
64$10,536,688$5,087,747$4,065,752$7,679,569
65$11,565,341$5,290,958$4,155,866$8,242,990
66$12,697,465$5,502,674$4,247,547$8,856,283
67$13,943,568$5,723,267$4,340,801$9,524,254
68$15,315,229$5,953,124$4,435,635$10,252,193
69$16,825,206$6,192,651$4,532,052$11,045,914
70$18,487,557$6,442,271$4,630,056$11,911,816
71$20,317,772$6,702,427$4,729,648$12,856,936
72$22,332,921$6,973,581$4,830,827$13,889,017
73$24,551,811$7,256,219$4,933,592$15,016,576
74$26,995,168$7,550,845$5,037,939$16,248,988
75$29,685,827$7,857,989$5,143,862$17,596,569
76$32,648,954$8,178,203$5,251,354$19,070,671
77$35,912,278$8,512,066$5,360,405$20,683,788
78$39,506,355$8,860,181$5,471,003$22,449,673
79$43,464,854$9,223,181$5,583,133$24,383,465
80$47,824,879$9,601,727$5,696,778$26,501,827
81$52,627,316$9,996,511$5,811,918$28,823,104
82$57,917,216$10,408,253$5,928,531$31,367,495
83$63,744,226$10,837,712$6,046,591$34,157,237
84$70,163,054$11,285,677$6,166,069$37,216,812
85$77,233,985$11,752,975$6,286,932$40,573,181
86$85,023,452$12,240,471$6,409,145$44,256,030
87$93,604,660$12,749,070$6,532,667$48,298,048
88$103,058,278$13,279,717$6,657,454$52,735,236
89$113,473,203$13,833,404$6,783,460$57,607,237
90$124,947,394$14,411,165$6,910,630$62,957,715
91$137,588,801$15,014,085$7,038,908$68,834,755
92$151,516,379$15,643,295$7,168,232$75,291,320
93$166,861,216$16,299,983$7,298,534$82,385,741
94$183,767,766$16,985,389$7,429,742$90,182,270
95$202,395,216$17,700,811$7,561,776$98,751,675
96$222,918,985$18,447,607$7,694,552$108,171,911
97$245,532,381$19,227,199$7,827,979$118,528,845
98$270,448,427$20,041,075$7,961,959$129,917,064
99$297,901,869$20,890,790$8,096,387$142,440,764
100$328,151,395$21,777,974$8,231,152$156,214,725