Can I retire at age 51 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$247,737$245,530$243,378$241,276$239,224$231,197
2 years$122,642$120,358$118,144$115,998$113,916$105,908
3 years$80,949$78,655$76,447$74,321$72,273$64,535
4 years$60,107$57,820$55,634$53,544$51,546$44,138
5 years$47,605$45,332$43,174$41,127$39,184$32,126
6 years$39,273$37,017$34,891$32,890$31,005$24,302
7 years$33,324$31,087$28,995$27,040$25,216$18,866
8 years$28,864$26,647$24,590$22,684$20,919$14,919
9 years$25,397$23,201$21,179$19,321$17,617$11,959
10 years$22,625$20,450$18,465$16,655$15,010$9,685
11 years$20,359$18,206$16,256$14,495$12,909$7,907
12 years$18,471$16,341$14,427$12,714$11,187$6,496
13 years$16,875$14,767$12,889$11,225$9,755$5,364
14 years$15,509$13,423$11,581$9,964$8,551$4,447
15 years$14,326$12,262$10,456$8,886$7,529$3,699
16 years$13,291$11,250$9,480$7,957$6,654$3,085
17 years$12,379$10,361$8,626$7,149$5,900$2,579
18 years$11,570$9,574$7,875$6,443$5,246$2,159
19 years$10,846$8,873$7,209$5,821$4,676$1,811
20 years$10,196$8,245$6,616$5,272$4,177$1,521
21 years$9,608$7,680$6,086$4,785$3,738$1,278
22 years$9,075$7,169$5,609$4,351$3,350$1,076
23 years$8,589$6,705$5,179$3,962$3,007$906
24 years$8,143$6,282$4,789$3,614$2,703$763
25 years$7,734$5,896$4,436$3,300$2,432$643
26 years$7,358$5,541$4,114$3,018$2,191$542
27 years$7,009$5,215$3,820$2,762$1,975$458
28 years$6,686$4,914$3,551$2,531$1,782$386
29 years$6,386$4,636$3,305$2,321$1,610$326
30 years$6,107$4,378$3,078$2,130$1,454$275
31 years$5,846$4,139$2,870$1,956$1,315$232
32 years$5,601$3,916$2,678$1,798$1,189$196
33 years$5,373$3,708$2,500$1,653$1,076$166
34 years$5,158$3,515$2,336$1,521$975$140
35 years$4,955$3,334$2,184$1,400$883$118
36 years$4,765$3,164$2,043$1,290$800$100
37 years$4,585$3,005$1,912$1,188$725$85
38 years$4,415$2,856$1,791$1,095$657$71
39 years$4,254$2,716$1,678$1,010$596$60
40 years$4,101$2,584$1,573$931$541$51
41 years$3,957$2,460$1,475$859$490$43
42 years$3,819$2,342$1,383$793$445$36
43 years$3,689$2,232$1,298$732$404$31
44 years$3,564$2,127$1,218$676$367$26
45 years$3,446$2,029$1,144$624$333$22
46 years$3,333$1,935$1,074$577$302$19
47 years$3,225$1,847$1,009$533$274$16
48 years$3,122$1,763$949$492$249$13
49 years$3,023$1,684$892$455$226$11
50 years$2,929$1,608$838$421$206$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $3,000,000, adding $4,047 every year, while hoping to spend $44,642 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: 59/20/21 Blend
50$3,000,000$3,000,000$3,000,000$3,000,000
51$3,310,174$3,151,174$3,104,674$3,486,827
52$3,600,314$3,258,083$3,161,182$3,714,143
53$3,918,551$3,368,734$3,218,087$3,956,735
54$4,267,704$3,483,264$3,275,355$4,220,324
55$4,650,880$3,601,814$3,332,949$4,506,951
56$5,071,497$3,724,530$3,390,830$4,818,863
57$5,533,324$3,851,566$3,448,957$5,158,531
58$6,040,510$3,983,080$3,507,283$5,528,678
59$6,597,626$4,119,235$3,565,762$5,932,300
60$7,209,709$4,260,203$3,624,340$6,372,696
61$7,882,308$4,406,161$3,682,964$6,853,499
62$8,621,533$4,557,292$3,741,573$7,378,709
63$9,434,119$4,713,789$3,800,105$7,952,730
64$10,327,484$4,875,850$3,858,494$8,580,413
65$11,309,802$5,043,681$3,916,668$9,267,100
66$12,390,077$5,217,497$3,974,551$10,018,675
67$13,578,230$5,397,519$4,032,064$10,841,617
68$14,885,192$5,583,981$4,089,121$11,743,064
69$16,323,007$5,777,121$4,145,632$12,730,878
70$17,904,944$5,977,190$4,201,501$13,813,717
71$19,645,624$6,184,448$4,256,627$15,001,121
72$21,561,157$6,399,165$4,310,902$16,303,596
73$23,669,291$6,621,620$4,364,214$17,732,719
74$25,989,585$6,852,106$4,416,442$19,301,240
75$28,543,589$7,090,926$4,467,459$21,023,207
76$31,355,048$7,338,394$4,517,132$22,914,096
77$34,450,126$7,594,839$4,565,319$24,990,957
78$37,857,654$7,860,600$4,611,872$27,272,574
79$41,609,398$8,136,033$4,656,633$29,779,642
80$45,740,363$8,421,505$4,699,437$32,534,961
81$50,289,122$8,717,400$4,740,109$35,563,653
82$55,298,175$9,024,116$4,778,466$38,893,397
83$60,814,359$9,342,067$4,814,314$42,554,688
84$66,889,279$9,671,685$4,847,450$46,581,126
85$73,579,805$10,013,417$4,877,659$51,009,735
86$80,948,602$10,367,731$4,904,717$55,881,307
87$89,064,720$10,735,111$4,928,386$61,240,789
88$98,004,253$11,116,062$4,948,418$67,137,707
89$107,851,048$11,511,111$4,964,551$73,626,631
90$118,697,502$11,920,803$4,976,511$80,767,691
91$130,645,433$12,345,708$4,984,010$88,627,144
92$143,807,038$12,786,418$4,986,745$97,277,997
93$158,305,953$13,243,549$4,984,398$106,800,697
94$174,278,421$13,717,744$4,976,636$117,283,888
95$191,874,577$14,209,671$4,963,110$128,825,251
96$211,259,863$14,720,023$4,943,454$141,532,420
97$232,616,591$15,249,527$4,917,282$155,523,998
98$256,145,665$15,798,936$4,884,192$170,930,681
99$282,068,473$16,369,034$4,843,763$187,896,484
100$310,628,980$16,960,639$4,795,552$206,580,105