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%17.6%
1 years$247,737$245,530$243,378$241,276$239,224$231,845
2 years$122,642$120,358$118,144$115,998$113,916$106,546
3 years$80,949$78,655$76,447$74,321$72,273$65,144
4 years$60,107$57,820$55,634$53,544$51,546$44,711
5 years$47,605$45,332$43,174$41,127$39,184$32,664
6 years$39,273$37,017$34,891$32,890$31,005$24,804
7 years$33,324$31,087$28,995$27,040$25,216$19,333
8 years$28,864$26,647$24,590$22,684$20,919$15,351
9 years$25,397$23,201$21,179$19,321$17,617$12,358
10 years$22,625$20,450$18,465$16,655$15,010$10,053
11 years$20,359$18,206$16,256$14,495$12,909$8,244
12 years$18,471$16,341$14,427$12,714$11,187$6,805
13 years$16,875$14,767$12,889$11,225$9,755$5,645
14 years$15,509$13,423$11,581$9,964$8,551$4,703
15 years$14,326$12,262$10,456$8,886$7,529$3,931
16 years$13,291$11,250$9,480$7,957$6,654$3,296
17 years$12,379$10,361$8,626$7,149$5,900$2,769
18 years$11,570$9,574$7,875$6,443$5,246$2,331
19 years$10,846$8,873$7,209$5,821$4,676$1,965
20 years$10,196$8,245$6,616$5,272$4,177$1,659
21 years$9,608$7,680$6,086$4,785$3,738$1,402
22 years$9,075$7,169$5,609$4,351$3,350$1,186
23 years$8,589$6,705$5,179$3,962$3,007$1,004
24 years$8,143$6,282$4,789$3,614$2,703$851
25 years$7,734$5,896$4,436$3,300$2,432$721
26 years$7,358$5,541$4,114$3,018$2,191$612
27 years$7,009$5,215$3,820$2,762$1,975$519
28 years$6,686$4,914$3,551$2,531$1,782$441
29 years$6,386$4,636$3,305$2,321$1,610$374
30 years$6,107$4,378$3,078$2,130$1,454$318
31 years$5,846$4,139$2,870$1,956$1,315$270
32 years$5,601$3,916$2,678$1,798$1,189$229
33 years$5,373$3,708$2,500$1,653$1,076$195
34 years$5,158$3,515$2,336$1,521$975$165
35 years$4,955$3,334$2,184$1,400$883$141
36 years$4,765$3,164$2,043$1,290$800$119
37 years$4,585$3,005$1,912$1,188$725$102
38 years$4,415$2,856$1,791$1,095$657$86
39 years$4,254$2,716$1,678$1,010$596$73
40 years$4,101$2,584$1,573$931$541$62
41 years$3,957$2,460$1,475$859$490$53
42 years$3,819$2,342$1,383$793$445$45
43 years$3,689$2,232$1,298$732$404$38
44 years$3,564$2,127$1,218$676$367$33
45 years$3,446$2,029$1,144$624$333$28
46 years$3,333$1,935$1,074$577$302$24
47 years$3,225$1,847$1,009$533$274$20
48 years$3,122$1,763$949$492$249$17
49 years$3,023$1,684$892$455$226$14
50 years$2,929$1,608$838$421$206$12

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 $4,738 every year, while hoping to spend $28,710 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: 64/27/9 Blend
50$3,000,000$3,000,000$3,000,000$3,000,000
51$3,310,887$3,151,887$3,105,387$3,516,261
52$3,618,051$3,275,783$3,178,871$3,777,712
53$3,955,582$3,404,786$3,253,853$4,059,357
54$4,326,550$3,539,119$3,330,355$4,366,236
55$4,734,332$3,679,010$3,408,396$4,700,801
56$5,182,652$3,824,700$3,487,996$5,065,746
57$5,675,611$3,976,439$3,569,172$5,464,036
58$6,217,729$4,134,489$3,651,945$5,898,936
59$6,813,983$4,299,125$3,736,331$6,374,036
60$7,469,860$4,470,633$3,822,349$6,893,288
61$8,191,403$4,649,311$3,910,015$7,461,039
62$8,985,271$4,835,473$3,999,346$8,082,078
63$9,858,802$5,029,444$4,090,357$8,761,673
64$10,820,080$5,231,567$4,183,064$9,505,623
65$11,878,011$5,442,197$4,277,480$10,320,314
66$13,042,412$5,661,708$4,373,619$11,212,775
67$14,324,096$5,890,490$4,471,493$12,190,744
68$15,734,980$6,128,950$4,571,114$13,262,742
69$17,288,194$6,377,514$4,672,492$14,438,152
70$18,998,204$6,636,628$4,775,636$15,727,304
71$20,880,955$6,906,756$4,880,553$17,141,574
72$22,954,011$7,188,386$4,987,251$18,693,491
73$25,236,730$7,482,027$5,095,733$20,396,852
74$27,750,441$7,788,210$5,206,004$22,266,849
75$30,518,646$8,107,493$5,318,066$24,320,218
76$33,567,245$8,440,457$5,431,918$26,575,389
77$36,924,775$8,787,710$5,547,558$29,052,662
78$40,622,684$9,149,890$5,664,983$31,774,396
79$44,695,624$9,527,661$5,784,187$34,765,219
80$49,181,781$9,921,720$5,905,161$38,052,259
81$54,123,233$10,332,795$6,027,894$41,665,398
82$59,566,348$10,761,647$6,152,374$45,637,553
83$65,562,221$11,209,073$6,278,583$50,004,985
84$72,167,156$11,675,906$6,406,505$54,807,638
85$79,443,199$12,163,018$6,536,115$60,089,518
86$87,458,720$12,671,321$6,667,390$65,899,100
87$96,289,063$13,201,768$6,800,300$72,289,791
88$106,017,251$13,755,359$6,934,814$79,320,425
89$116,734,775$14,333,136$7,070,895$87,055,821
90$128,542,456$14,936,194$7,208,504$95,567,393
91$141,551,393$15,565,674$7,347,596$104,933,816
92$155,884,016$16,222,773$7,488,121$115,241,773
93$171,675,240$16,908,743$7,630,028$126,586,766
94$189,073,737$17,624,894$7,773,256$139,074,015
95$208,243,341$18,372,596$7,917,743$152,819,453
96$229,364,593$19,153,285$8,063,418$167,950,812
97$252,636,446$19,968,461$8,210,208$184,608,827
98$278,278,144$20,819,695$8,358,029$202,948,565
99$306,531,287$21,708,632$8,506,795$223,140,880
100$337,662,116$22,636,994$8,656,412$245,374,025