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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$247,737$245,530$243,378$241,276$239,224$235,358
2 years$122,642$120,358$118,144$115,998$113,916$110,032
3 years$80,949$78,655$76,447$74,321$72,273$68,491
4 years$60,107$57,820$55,634$53,544$51,546$47,896
5 years$47,605$45,332$43,174$41,127$39,184$35,676
6 years$39,273$37,017$34,891$32,890$31,005$27,644
7 years$33,324$31,087$28,995$27,040$25,216$22,001
8 years$28,864$26,647$24,590$22,684$20,919$17,851
9 years$25,397$23,201$21,179$19,321$17,617$14,694
10 years$22,625$20,450$18,465$16,655$15,010$12,231
11 years$20,359$18,206$16,256$14,495$12,909$10,269
12 years$18,471$16,341$14,427$12,714$11,187$8,684
13 years$16,875$14,767$12,889$11,225$9,755$7,385
14 years$15,509$13,423$11,581$9,964$8,551$6,310
15 years$14,326$12,262$10,456$8,886$7,529$5,412
16 years$13,291$11,250$9,480$7,957$6,654$4,658
17 years$12,379$10,361$8,626$7,149$5,900$4,019
18 years$11,570$9,574$7,875$6,443$5,246$3,477
19 years$10,846$8,873$7,209$5,821$4,676$3,013
20 years$10,196$8,245$6,616$5,272$4,177$2,616
21 years$9,608$7,680$6,086$4,785$3,738$2,275
22 years$9,075$7,169$5,609$4,351$3,350$1,980
23 years$8,589$6,705$5,179$3,962$3,007$1,726
24 years$8,143$6,282$4,789$3,614$2,703$1,506
25 years$7,734$5,896$4,436$3,300$2,432$1,314
26 years$7,358$5,541$4,114$3,018$2,191$1,148
27 years$7,009$5,215$3,820$2,762$1,975$1,004
28 years$6,686$4,914$3,551$2,531$1,782$878
29 years$6,386$4,636$3,305$2,321$1,610$768
30 years$6,107$4,378$3,078$2,130$1,454$673
31 years$5,846$4,139$2,870$1,956$1,315$589
32 years$5,601$3,916$2,678$1,798$1,189$516
33 years$5,373$3,708$2,500$1,653$1,076$452
34 years$5,158$3,515$2,336$1,521$975$396
35 years$4,955$3,334$2,184$1,400$883$348
36 years$4,765$3,164$2,043$1,290$800$305
37 years$4,585$3,005$1,912$1,188$725$267
38 years$4,415$2,856$1,791$1,095$657$234
39 years$4,254$2,716$1,678$1,010$596$206
40 years$4,101$2,584$1,573$931$541$180
41 years$3,957$2,460$1,475$859$490$158
42 years$3,819$2,342$1,383$793$445$139
43 years$3,689$2,232$1,298$732$404$122
44 years$3,564$2,127$1,218$676$367$107
45 years$3,446$2,029$1,144$624$333$94
46 years$3,333$1,935$1,074$577$302$82
47 years$3,225$1,847$1,009$533$274$72
48 years$3,122$1,763$949$492$249$63
49 years$3,023$1,684$892$455$226$56
50 years$2,929$1,608$838$421$206$49

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 $6,498 every year, while hoping to spend $24,624 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: 43/45/12 Blend
50$3,000,000$3,000,000$3,000,000$3,000,000
51$3,312,703$3,153,703$3,107,203$3,443,349
52$3,624,399$3,282,034$3,185,094$3,663,589
53$3,967,062$3,415,829$3,264,770$3,899,061
54$4,343,826$3,555,328$3,346,263$4,153,611
55$4,758,142$3,700,785$3,429,609$4,429,000
56$5,213,812$3,852,463$3,514,840$4,727,157
57$5,715,027$4,010,639$3,601,993$5,050,204
58$6,266,401$4,175,603$3,691,102$5,400,467
59$6,873,022$4,347,655$3,782,201$5,780,506
60$7,540,492$4,527,112$3,875,327$6,193,127
61$8,274,987$4,714,305$3,970,515$6,641,419
62$9,083,310$4,909,580$4,067,801$7,128,771
63$9,972,955$5,113,297$4,167,221$7,658,912
64$10,952,184$5,325,836$4,268,810$8,235,939
65$12,030,097$5,547,592$4,372,605$8,864,355
66$13,216,722$5,778,979$4,478,642$9,549,112
67$14,523,108$6,020,430$4,586,958$10,295,656
68$15,961,432$6,272,398$4,697,587$11,109,974
69$17,545,109$6,535,356$4,810,568$11,998,651
70$19,288,923$6,809,802$4,925,935$12,968,932
71$21,209,164$7,096,253$5,043,724$14,028,786
72$23,323,781$7,395,252$5,163,972$15,186,978
73$25,652,555$7,707,368$5,286,713$16,453,155
74$28,217,281$8,033,194$5,411,983$17,837,929
75$31,041,977$8,373,353$5,539,817$19,352,979
76$34,153,107$8,728,496$5,670,249$21,011,159
77$37,579,835$9,099,303$5,803,314$22,826,612
78$41,354,297$9,486,488$5,939,044$24,814,907
79$45,511,906$9,890,796$6,077,472$26,993,183
80$50,091,684$10,313,009$6,218,632$29,380,302
81$55,136,633$10,753,944$6,362,553$31,997,032
82$60,694,138$11,214,456$6,509,267$34,866,233
83$66,816,416$11,695,440$6,658,803$38,013,076
84$73,561,008$12,197,834$6,811,191$41,465,273
85$80,991,321$12,722,619$6,966,457$45,253,338
86$89,177,231$13,270,821$7,124,627$49,410,869
87$98,195,733$13,843,517$7,285,727$53,974,863
88$108,131,680$14,441,831$7,449,781$58,986,062
89$119,078,572$15,066,942$7,616,810$64,489,331
90$131,139,448$15,720,083$7,786,834$70,534,081
91$144,427,851$16,402,546$7,959,872$77,174,728
92$159,068,904$17,115,684$8,135,941$84,471,204
93$175,200,492$17,860,912$8,315,054$92,489,516
94$192,974,558$18,639,712$8,497,225$101,302,366
95$212,558,543$19,453,638$8,682,461$110,989,833
96$234,136,963$20,304,315$8,870,772$121,640,118
97$257,913,151$21,193,444$9,062,161$133,350,377
98$284,111,178$22,122,808$9,256,629$146,227,632
99$312,977,966$23,094,275$9,454,175$160,389,769
100$344,785,622$24,109,797$9,654,793$175,966,651