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%16.4%
1 years$246,911$244,712$242,566$240,472$238,427$232,192
2 years$122,233$119,957$117,751$115,611$113,537$107,298
3 years$80,679$78,393$76,192$74,073$72,032$65,984
4 years$59,907$57,627$55,449$53,366$51,374$45,564
5 years$47,446$45,180$43,030$40,990$39,054$33,497
6 years$39,142$36,893$34,775$32,780$30,902$25,604
7 years$33,213$30,983$28,898$26,950$25,131$20,093
8 years$28,768$26,558$24,508$22,608$20,849$16,068
9 years$25,312$23,124$21,109$19,257$17,558$13,029
10 years$22,550$20,382$18,403$16,600$14,960$10,679
11 years$20,291$18,145$16,202$14,447$12,866$8,825
12 years$18,410$16,286$14,379$12,672$11,150$7,342
13 years$16,819$14,718$12,846$11,187$9,723$6,141
14 years$15,457$13,378$11,542$9,931$8,523$5,159
15 years$14,278$12,221$10,421$8,856$7,504$4,349
16 years$13,247$11,213$9,448$7,930$6,632$3,677
17 years$12,338$10,326$8,598$7,125$5,881$3,116
18 years$11,531$9,542$7,849$6,421$5,229$2,647
19 years$10,810$8,844$7,185$5,802$4,660$2,252
20 years$10,162$8,218$6,594$5,255$4,163$1,919
21 years$9,576$7,655$6,065$4,769$3,725$1,637
22 years$9,045$7,145$5,590$4,336$3,339$1,398
23 years$8,560$6,683$5,161$3,949$2,997$1,195
24 years$8,116$6,261$4,773$3,602$2,694$1,022
25 years$7,709$5,876$4,421$3,289$2,424$874
26 years$7,333$5,523$4,100$3,008$2,184$749
27 years$6,986$5,197$3,808$2,753$1,969$642
28 years$6,664$4,897$3,540$2,522$1,777$550
29 years$6,365$4,620$3,294$2,313$1,604$471
30 years$6,086$4,363$3,068$2,123$1,449$404
31 years$5,826$4,125$2,860$1,950$1,310$347
32 years$5,583$3,903$2,669$1,792$1,185$298
33 years$5,355$3,696$2,492$1,648$1,073$255
34 years$5,140$3,503$2,328$1,516$971$219
35 years$4,939$3,323$2,177$1,396$880$188
36 years$4,749$3,154$2,036$1,285$797$162
37 years$4,570$2,995$1,906$1,184$722$139
38 years$4,400$2,846$1,785$1,091$655$119
39 years$4,240$2,707$1,672$1,006$594$102
40 years$4,088$2,575$1,567$928$539$88
41 years$3,944$2,451$1,470$856$489$75
42 years$3,807$2,335$1,379$790$443$65
43 years$3,676$2,224$1,294$730$402$56
44 years$3,553$2,120$1,214$674$365$48
45 years$3,434$2,022$1,140$622$332$41
46 years$3,322$1,929$1,071$575$301$35
47 years$3,214$1,841$1,006$531$273$30
48 years$3,112$1,757$945$491$248$26
49 years$3,013$1,678$889$453$226$22
50 years$2,919$1,603$835$419$205$19

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 $5,433 every year, while hoping to spend $22,633 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: 74/21/5 Blend
50$2,990,000$2,990,000$2,990,000$2,990,000
51$3,300,584$3,142,114$3,095,769$3,543,220
52$3,613,162$3,271,996$3,175,396$3,833,444
53$3,956,865$3,407,484$3,256,932$4,147,853
54$4,334,843$3,548,829$3,340,417$4,491,606
55$4,750,567$3,696,292$3,425,891$4,867,593
56$5,207,863$3,850,148$3,513,397$5,278,996
57$5,710,945$4,010,685$3,602,975$5,729,318
58$6,264,454$4,178,202$3,694,668$6,222,412
59$6,873,509$4,353,013$3,788,519$6,762,522
60$7,543,744$4,535,448$3,884,572$7,354,320
61$8,281,371$4,725,850$3,982,870$8,002,948
62$9,093,233$4,924,579$4,083,458$8,714,069
63$9,986,870$5,132,012$4,186,382$9,493,917
64$10,970,592$5,348,541$4,291,687$10,349,357
65$12,053,553$5,574,580$4,399,419$11,287,947
66$13,245,840$5,810,559$4,509,624$12,318,012
67$14,558,570$6,056,931$4,622,351$13,448,717
68$16,003,990$6,314,167$4,737,646$14,690,159
69$17,595,598$6,582,761$4,855,557$16,053,453
70$19,348,264$6,863,231$4,976,133$17,550,845
71$21,278,376$7,156,119$5,099,423$19,195,820
72$23,403,992$7,461,991$5,225,476$21,003,232
73$25,745,011$7,781,440$5,354,341$22,989,439
74$28,323,359$8,115,087$5,486,067$25,172,464
75$31,163,197$8,463,582$5,620,706$27,572,154
76$34,291,151$8,827,605$5,758,308$30,210,374
77$37,736,559$9,207,869$5,898,922$33,111,210
78$41,531,752$9,605,118$6,042,600$36,301,192
79$45,712,355$10,020,134$6,189,392$39,809,548
80$50,317,628$10,453,732$6,339,348$43,668,476
81$55,390,830$10,906,770$6,492,521$47,913,444
82$60,979,635$11,380,141$6,648,960$52,583,528
83$67,136,574$11,874,785$6,808,717$57,721,778
84$73,919,537$12,391,682$6,971,842$63,375,619
85$81,392,316$12,931,860$7,138,384$69,597,301
86$89,625,207$13,496,397$7,308,395$76,444,391
87$98,695,676$14,086,418$7,481,924$83,980,310
88$108,689,087$14,703,104$7,659,020$92,274,935
89$119,699,509$15,347,691$7,839,732$101,405,250
90$131,830,603$16,021,473$8,024,109$111,456,080
91$145,196,605$16,725,805$8,212,196$122,520,879
92$159,923,396$17,462,107$8,404,042$134,702,618
93$176,149,697$18,231,865$8,599,692$148,114,752
94$194,028,376$19,036,635$8,799,191$162,882,285
95$213,727,889$19,878,049$9,002,583$179,142,953
96$235,433,874$20,757,814$9,209,910$197,048,519
97$259,350,900$21,677,717$9,421,213$216,766,199
98$285,704,400$22,639,634$9,636,531$238,480,246
99$314,742,797$23,645,525$9,855,904$262,393,679
100$346,739,853$24,697,446$10,079,367$288,730,198