Can I retire at age 51 with 2,990,000?

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$246,911$244,712$242,566$240,472$238,427$233,327
2 years$122,233$119,957$117,751$115,611$113,537$108,423
3 years$80,679$78,393$76,192$74,073$72,032$67,065
4 years$59,907$57,627$55,449$53,366$51,374$46,591
5 years$47,446$45,180$43,030$40,990$39,054$34,469
6 years$39,142$36,893$34,775$32,780$30,902$26,520
7 years$33,213$30,983$28,898$26,950$25,131$20,954
8 years$28,768$26,558$24,508$22,608$20,849$16,874
9 years$25,312$23,124$21,109$19,257$17,558$13,782
10 years$22,550$20,382$18,403$16,600$14,960$11,380
11 years$20,291$18,145$16,202$14,447$12,866$9,477
12 years$18,410$16,286$14,379$12,672$11,150$7,947
13 years$16,819$14,718$12,846$11,187$9,723$6,700
14 years$15,457$13,378$11,542$9,931$8,523$5,675
15 years$14,278$12,221$10,421$8,856$7,504$4,824
16 years$13,247$11,213$9,448$7,930$6,632$4,114
17 years$12,338$10,326$8,598$7,125$5,881$3,517
18 years$11,531$9,542$7,849$6,421$5,229$3,014
19 years$10,810$8,844$7,185$5,802$4,660$2,587
20 years$10,162$8,218$6,594$5,255$4,163$2,224
21 years$9,576$7,655$6,065$4,769$3,725$1,915
22 years$9,045$7,145$5,590$4,336$3,339$1,650
23 years$8,560$6,683$5,161$3,949$2,997$1,424
24 years$8,116$6,261$4,773$3,602$2,694$1,230
25 years$7,709$5,876$4,421$3,289$2,424$1,062
26 years$7,333$5,523$4,100$3,008$2,184$919
27 years$6,986$5,197$3,808$2,753$1,969$795
28 years$6,664$4,897$3,540$2,522$1,777$688
29 years$6,365$4,620$3,294$2,313$1,604$596
30 years$6,086$4,363$3,068$2,123$1,449$516
31 years$5,826$4,125$2,860$1,950$1,310$447
32 years$5,583$3,903$2,669$1,792$1,185$387
33 years$5,355$3,696$2,492$1,648$1,073$336
34 years$5,140$3,503$2,328$1,516$971$291
35 years$4,939$3,323$2,177$1,396$880$252
36 years$4,749$3,154$2,036$1,285$797$219
37 years$4,570$2,995$1,906$1,184$722$190
38 years$4,400$2,846$1,785$1,091$655$165
39 years$4,240$2,707$1,672$1,006$594$143
40 years$4,088$2,575$1,567$928$539$124
41 years$3,944$2,451$1,470$856$489$108
42 years$3,807$2,335$1,379$790$443$93
43 years$3,676$2,224$1,294$730$402$81
44 years$3,553$2,120$1,214$674$365$70
45 years$3,434$2,022$1,140$622$332$61
46 years$3,322$1,929$1,071$575$301$53
47 years$3,214$1,841$1,006$531$273$46
48 years$3,112$1,757$945$491$248$40
49 years$3,013$1,678$889$453$226$35
50 years$2,919$1,603$835$419$205$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,990,000, adding $3,798 every year, while hoping to spend $49,722 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: 52/20/28 Blend
50$2,990,000$2,990,000$2,990,000$2,990,000
51$3,298,898$3,140,428$3,094,083$3,444,345
52$3,582,481$3,241,405$3,144,831$3,646,824
53$3,893,324$3,345,663$3,195,612$3,861,638
54$4,234,154$3,453,312$3,246,376$4,094,346
55$4,607,975$3,564,461$3,297,067$4,346,677
56$5,018,097$3,679,229$3,347,627$4,620,535
57$5,468,166$3,797,733$3,397,995$4,918,015
58$5,962,194$3,920,098$3,448,104$5,241,427
59$6,504,607$4,046,452$3,497,884$5,593,310
60$7,100,275$4,176,926$3,547,262$5,976,464
61$7,754,566$4,311,658$3,596,157$6,393,969
62$8,473,391$4,450,789$3,644,488$6,849,219
63$9,263,264$4,594,464$3,692,166$7,345,952
64$10,131,360$4,742,836$3,739,096$7,888,284
65$11,085,584$4,896,060$3,785,181$8,480,750
66$12,134,644$5,054,298$3,830,316$9,128,343
67$13,288,137$5,217,717$3,874,390$9,836,566
68$14,556,632$5,386,491$3,917,287$10,611,478
69$15,951,776$5,560,797$3,958,884$11,459,756
70$17,486,402$5,740,820$3,999,051$12,388,754
71$19,174,647$5,926,752$4,037,651$13,406,575
72$21,032,089$6,118,791$4,074,540$14,522,145
73$23,075,891$6,317,141$4,109,567$15,745,299
74$25,324,965$6,522,014$4,142,570$17,086,872
75$27,800,147$6,733,628$4,173,382$18,558,802
76$30,524,397$6,952,211$4,201,826$20,174,241
77$33,523,012$7,177,997$4,227,714$21,947,683
78$36,823,868$7,411,227$4,250,851$23,895,093
79$40,457,679$7,652,153$4,271,030$26,034,068
80$44,458,288$7,901,035$4,288,036$28,383,991
81$48,862,988$8,158,140$4,301,640$30,966,225
82$53,712,871$8,423,747$4,311,603$33,804,305
83$59,053,217$8,698,143$4,317,674$36,924,167
84$64,933,919$8,981,627$4,319,590$40,354,389
85$71,409,957$9,274,505$4,317,075$44,126,460
86$78,541,913$9,577,096$4,309,838$48,275,081
87$86,396,546$9,889,731$4,297,575$52,838,487
88$95,047,417$10,212,751$4,279,967$57,858,813
89$104,575,586$10,546,509$4,256,679$63,382,486
90$115,070,380$10,891,372$4,227,361$69,460,670
91$126,630,226$11,247,717$4,191,646$76,149,741
92$139,363,592$11,615,937$4,149,148$83,511,827
93$153,389,998$11,996,438$4,099,464$91,615,387
94$168,841,154$12,389,640$4,042,173$100,535,861
95$185,862,198$12,795,979$3,976,832$110,356,385
96$204,613,065$13,215,904$3,902,978$121,168,566
97$225,269,997$13,649,883$3,820,127$133,073,359
98$248,027,207$14,098,398$3,727,773$146,182,010
99$273,098,713$14,561,950$3,625,384$160,617,111
100$300,720,354$15,041,057$3,512,405$176,513,756