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%17%
1 years$241,957$239,801$237,699$235,646$233,642$226,982
2 years$119,781$117,550$115,388$113,292$111,258$104,600
3 years$79,060$76,820$74,664$72,587$70,587$64,139
4 years$58,704$56,471$54,336$52,295$50,343$44,156
5 years$46,494$44,274$42,167$40,167$38,270$32,359
6 years$38,356$36,153$34,077$32,122$30,282$24,654
7 years$32,546$30,361$28,318$26,409$24,627$19,282
8 years$28,190$26,025$24,016$22,154$20,431$15,364
9 years$24,804$22,660$20,685$18,870$17,206$12,414
10 years$22,097$19,973$18,034$16,267$14,660$10,136
11 years$19,884$17,781$15,877$14,157$12,608$8,345
12 years$18,040$15,959$14,090$12,417$10,926$6,915
13 years$16,482$14,423$12,589$10,963$9,528$5,760
14 years$15,147$13,110$11,311$9,731$8,352$4,819
15 years$13,991$11,976$10,212$8,679$7,354$4,045
16 years$12,981$10,988$9,259$7,771$6,499$3,406
17 years$12,091$10,119$8,425$6,982$5,763$2,874
18 years$11,300$9,351$7,691$6,292$5,124$2,430
19 years$10,593$8,666$7,041$5,686$4,567$2,058
20 years$9,958$8,053$6,462$5,149$4,079$1,746
21 years$9,384$7,501$5,944$4,673$3,651$1,482
22 years$8,863$7,002$5,478$4,249$3,272$1,260
23 years$8,388$6,549$5,058$3,870$2,937$1,072
24 years$7,953$6,136$4,678$3,530$2,640$912
25 years$7,554$5,758$4,332$3,223$2,376$777
26 years$7,186$5,412$4,018$2,947$2,140$662
27 years$6,846$5,093$3,731$2,698$1,929$565
28 years$6,530$4,799$3,469$2,472$1,741$482
29 years$6,237$4,527$3,228$2,267$1,572$411
30 years$5,964$4,276$3,007$2,080$1,420$351
31 years$5,709$4,042$2,803$1,910$1,284$299
32 years$5,471$3,824$2,615$1,756$1,162$255
33 years$5,247$3,622$2,442$1,615$1,051$218
34 years$5,037$3,433$2,282$1,486$952$186
35 years$4,840$3,256$2,133$1,368$862$159
36 years$4,654$3,090$1,995$1,259$781$136
37 years$4,478$2,935$1,868$1,160$708$116
38 years$4,312$2,789$1,749$1,070$642$99
39 years$4,155$2,652$1,639$986$582$85
40 years$4,006$2,524$1,536$910$528$72
41 years$3,865$2,402$1,440$839$479$62
42 years$3,730$2,288$1,351$775$435$53
43 years$3,603$2,180$1,268$715$394$45
44 years$3,481$2,078$1,190$660$358$39
45 years$3,366$1,981$1,117$610$325$33
46 years$3,255$1,890$1,049$563$295$28
47 years$3,150$1,804$986$520$268$24
48 years$3,049$1,722$926$481$243$21
49 years$2,953$1,644$871$444$221$18
50 years$2,861$1,571$819$411$201$15

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 $3,186 every year, while hoping to spend $36,792 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: 44/37/19 Blend
50$2,930,000$2,930,000$2,930,000$2,930,000
51$3,232,146$3,076,856$3,031,441$3,356,464
52$3,522,679$3,188,476$3,093,848$3,555,859
53$3,841,613$3,304,332$3,157,113$3,767,979
54$4,191,806$3,424,593$3,221,224$3,997,135
55$4,576,406$3,549,434$3,286,172$4,244,919
56$4,998,883$3,679,039$3,351,942$4,513,082
57$5,463,056$3,813,600$3,418,519$4,803,548
58$5,973,135$3,953,313$3,485,887$5,118,431
59$6,533,757$4,098,387$3,554,026$5,460,056
60$7,150,030$4,249,038$3,622,916$5,830,980
61$7,827,582$4,405,491$3,692,533$6,234,016
62$8,572,615$4,567,979$3,762,852$6,672,255
63$9,391,960$4,736,748$3,833,845$7,149,100
64$10,293,143$4,912,052$3,905,482$7,668,294
65$11,284,458$5,094,157$3,977,730$8,233,954
66$12,375,041$5,283,339$4,050,553$8,850,612
67$13,574,961$5,479,888$4,123,912$9,523,252
68$14,895,308$5,684,104$4,197,765$10,257,363
69$16,348,306$5,896,301$4,272,066$11,058,983
70$17,947,420$6,116,807$4,346,767$11,934,761
71$19,707,489$6,345,963$4,421,816$12,892,012
72$21,644,862$6,584,124$4,497,156$13,938,791
73$23,777,555$6,831,663$4,572,727$15,083,966
74$26,125,416$7,088,965$4,648,465$16,337,301
75$28,710,320$7,356,436$4,724,300$17,709,543
76$31,556,368$7,634,497$4,800,159$19,212,529
77$34,690,117$7,923,586$4,875,963$20,859,291
78$38,140,830$8,224,164$4,951,630$22,664,180
79$41,940,755$8,536,707$5,027,069$24,643,000
80$46,125,423$8,861,717$5,102,187$26,813,156
81$50,733,988$9,199,714$5,176,883$29,193,816
82$55,809,597$9,551,241$5,251,050$31,806,089
83$61,399,790$9,916,866$5,324,574$34,673,227
84$67,556,958$10,297,182$5,397,337$37,820,838
85$74,338,830$10,692,807$5,469,211$41,277,130
86$81,809,022$11,104,386$5,540,060$45,073,173
87$90,037,634$11,532,592$5,609,744$49,243,192
88$99,101,913$11,978,130$5,678,111$53,824,884
89$109,086,983$12,441,732$5,745,002$58,859,779
90$120,086,645$12,924,167$5,810,249$64,393,624
91$132,204,265$13,426,233$5,873,675$70,476,815
92$145,553,749$13,948,768$5,935,092$77,164,871
93$160,260,617$14,492,643$5,994,303$84,518,955
94$176,463,188$15,058,770$6,051,100$92,606,446
95$194,313,884$15,648,101$6,105,263$101,501,579
96$213,980,672$16,261,630$6,156,562$111,286,138
97$235,648,646$16,900,395$6,204,752$122,050,227
98$259,521,775$17,565,481$6,249,577$133,893,117
99$285,824,827$18,258,021$6,290,769$146,924,181
100$314,805,493$18,979,198$6,328,044$161,263,924