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%19.3%
1 years$247,737$245,530$243,378$241,276$239,224$230,279
2 years$122,642$120,358$118,144$115,998$113,916$105,006
3 years$80,949$78,655$76,447$74,321$72,273$63,679
4 years$60,107$57,820$55,634$53,544$51,546$43,333
5 years$47,605$45,332$43,174$41,127$39,184$31,374
6 years$39,273$37,017$34,891$32,890$31,005$23,603
7 years$33,324$31,087$28,995$27,040$25,216$18,219
8 years$28,864$26,647$24,590$22,684$20,919$14,322
9 years$25,397$23,201$21,179$19,321$17,617$11,410
10 years$22,625$20,450$18,465$16,655$15,010$9,183
11 years$20,359$18,206$16,256$14,495$12,909$7,448
12 years$18,471$16,341$14,427$12,714$11,187$6,079
13 years$16,875$14,767$12,889$11,225$9,755$4,985
14 years$15,509$13,423$11,581$9,964$8,551$4,104
15 years$14,326$12,262$10,456$8,886$7,529$3,389
16 years$13,291$11,250$9,480$7,957$6,654$2,806
17 years$12,379$10,361$8,626$7,149$5,900$2,329
18 years$11,570$9,574$7,875$6,443$5,246$1,936
19 years$10,846$8,873$7,209$5,821$4,676$1,611
20 years$10,196$8,245$6,616$5,272$4,177$1,343
21 years$9,608$7,680$6,086$4,785$3,738$1,120
22 years$9,075$7,169$5,609$4,351$3,350$935
23 years$8,589$6,705$5,179$3,962$3,007$781
24 years$8,143$6,282$4,789$3,614$2,703$653
25 years$7,734$5,896$4,436$3,300$2,432$546
26 years$7,358$5,541$4,114$3,018$2,191$457
27 years$7,009$5,215$3,820$2,762$1,975$382
28 years$6,686$4,914$3,551$2,531$1,782$320
29 years$6,386$4,636$3,305$2,321$1,610$268
30 years$6,107$4,378$3,078$2,130$1,454$224
31 years$5,846$4,139$2,870$1,956$1,315$188
32 years$5,601$3,916$2,678$1,798$1,189$157
33 years$5,373$3,708$2,500$1,653$1,076$132
34 years$5,158$3,515$2,336$1,521$975$110
35 years$4,955$3,334$2,184$1,400$883$93
36 years$4,765$3,164$2,043$1,290$800$78
37 years$4,585$3,005$1,912$1,188$725$65
38 years$4,415$2,856$1,791$1,095$657$54
39 years$4,254$2,716$1,678$1,010$596$46
40 years$4,101$2,584$1,573$931$541$38
41 years$3,957$2,460$1,475$859$490$32
42 years$3,819$2,342$1,383$793$445$27
43 years$3,689$2,232$1,298$732$404$23
44 years$3,564$2,127$1,218$676$367$19
45 years$3,446$2,029$1,144$624$333$16
46 years$3,333$1,935$1,074$577$302$13
47 years$3,225$1,847$1,009$533$274$11
48 years$3,122$1,763$949$492$249$9
49 years$3,023$1,684$892$455$226$8
50 years$2,929$1,608$838$421$206$7

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 $2,565 every year, while hoping to spend $29,930 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: 75/20/5 Blend
50$3,000,000$3,000,000$3,000,000$3,000,000
51$3,308,646$3,149,646$3,103,146$3,555,514
52$3,614,282$3,272,133$3,175,256$3,840,581
53$3,950,091$3,399,619$3,248,779$4,148,761
54$4,319,117$3,532,317$3,323,729$4,485,565
55$4,724,716$3,670,451$3,400,124$4,853,815
56$5,170,586$3,814,251$3,477,977$5,256,615
57$5,660,799$3,963,963$3,557,302$5,697,385
58$6,199,842$4,119,838$3,638,113$6,179,885
59$6,792,659$4,282,144$3,720,423$6,708,260
60$7,444,697$4,451,156$3,804,244$7,287,070
61$8,161,958$4,627,164$3,889,588$7,921,335
62$8,951,053$4,810,470$3,976,464$8,616,586
63$9,819,267$5,001,390$4,064,883$9,378,910
64$10,774,629$5,200,255$4,154,853$10,215,011
65$11,825,982$5,407,408$4,246,382$11,132,273
66$12,983,072$5,623,211$4,339,475$12,138,826
67$14,256,636$5,848,039$4,434,139$13,243,624
68$15,658,507$6,082,287$4,530,376$14,456,529
69$17,201,721$6,326,365$4,628,190$15,788,402
70$18,900,643$6,580,704$4,727,581$17,251,207
71$20,771,102$6,845,752$4,828,549$18,858,121
72$22,830,540$7,121,979$4,931,090$20,623,656
73$25,098,175$7,409,876$5,035,202$22,563,801
74$27,595,185$7,709,956$5,140,877$24,696,167
75$30,344,905$8,022,755$5,248,108$27,040,152
76$33,373,050$8,348,834$5,356,884$29,617,126
77$36,707,954$8,688,780$5,467,192$32,450,630
78$40,380,839$9,043,205$5,579,017$35,566,598
79$44,426,112$9,412,749$5,692,342$38,993,601
80$48,881,686$9,798,084$5,807,145$42,763,112
81$53,789,338$10,199,910$5,923,404$46,909,807
82$59,195,104$10,618,959$6,041,092$51,471,888
83$65,149,715$11,055,999$6,160,179$56,491,442
84$71,709,072$11,511,829$6,280,632$62,014,840
85$78,934,778$11,987,289$6,402,413$68,093,168
86$86,894,714$12,483,255$6,525,483$74,782,715
87$95,663,685$13,000,644$6,649,796$82,145,494
88$105,324,120$13,540,415$6,775,304$90,249,834
89$115,966,856$14,103,571$6,901,952$99,171,020
90$127,691,990$14,691,161$7,029,683$108,991,998
91$140,609,829$15,304,284$7,158,433$119,804,165
92$154,841,924$15,944,087$7,288,133$131,708,221
93$170,522,225$16,611,772$7,418,710$144,815,123
94$187,798,340$17,308,596$7,550,084$159,247,128
95$206,832,927$18,035,874$7,682,169$175,138,948
96$227,805,236$18,794,982$7,814,872$192,639,014
97$250,912,794$19,587,359$7,948,094$211,910,881
98$276,373,272$20,414,514$8,081,729$233,134,766
99$304,426,542$21,278,021$8,215,662$256,509,245
100$335,336,936$22,179,530$8,349,774$282,253,132