Can I retire at age 51 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$255,995$253,715$251,490$249,319$247,198$238,049
2 years$126,730$124,370$122,083$119,865$117,714$108,599
3 years$83,648$81,277$78,996$76,799$74,682$65,889
4 years$62,110$59,747$57,489$55,329$53,264$44,860
5 years$49,192$46,843$44,613$42,498$40,490$32,496
6 years$40,582$38,251$36,054$33,986$32,039$24,461
7 years$34,434$32,123$29,961$27,942$26,056$18,892
8 years$29,826$27,535$25,410$23,440$21,616$14,860
9 years$26,243$23,974$21,885$19,965$18,204$11,846
10 years$23,379$21,132$19,080$17,210$15,511$9,540
11 years$21,037$18,813$16,798$14,978$13,340$7,743
12 years$19,087$16,885$14,908$13,138$11,560$6,323
13 years$17,438$15,259$13,319$11,599$10,080$5,189
14 years$16,026$13,870$11,967$10,296$8,836$4,275
15 years$14,803$12,671$10,805$9,182$7,780$3,533
16 years$13,734$11,625$9,796$8,222$6,876$2,928
17 years$12,792$10,706$8,914$7,387$6,097$2,431
18 years$11,956$9,893$8,137$6,657$5,421$2,022
19 years$11,208$9,169$7,449$6,015$4,832$1,684
20 years$10,536$8,520$6,837$5,448$4,316$1,405
21 years$9,929$7,936$6,288$4,945$3,862$1,173
22 years$9,377$7,408$5,796$4,496$3,462$980
23 years$8,875$6,929$5,351$4,094$3,108$819
24 years$8,415$6,492$4,949$3,734$2,793$685
25 years$7,992$6,092$4,584$3,410$2,514$573
26 years$7,603$5,726$4,251$3,118$2,264$480
27 years$7,243$5,389$3,948$2,854$2,041$402
28 years$6,909$5,078$3,670$2,615$1,842$337
29 years$6,599$4,790$3,415$2,398$1,663$282
30 years$6,310$4,524$3,181$2,201$1,503$237
31 years$6,041$4,276$2,966$2,021$1,359$198
32 years$5,788$4,046$2,767$1,858$1,229$166
33 years$5,552$3,832$2,584$1,708$1,112$139
34 years$5,329$3,632$2,414$1,572$1,007$117
35 years$5,120$3,445$2,257$1,447$912$98
36 years$4,924$3,270$2,111$1,333$826$82
37 years$4,738$3,105$1,976$1,228$749$69
38 years$4,562$2,951$1,850$1,132$679$58
39 years$4,396$2,806$1,734$1,043$616$48
40 years$4,238$2,670$1,625$962$559$41
41 years$4,089$2,542$1,524$888$507$34
42 years$3,947$2,420$1,429$819$460$29
43 years$3,812$2,306$1,341$756$417$24
44 years$3,683$2,198$1,259$698$379$20
45 years$3,561$2,096$1,182$645$344$17
46 years$3,444$2,000$1,110$596$312$14
47 years$3,333$1,908$1,043$550$283$12
48 years$3,226$1,822$980$509$257$10
49 years$3,124$1,740$921$470$234$8
50 years$3,027$1,662$866$435$212$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $3,100,000, adding $6,398 every year, while hoping to spend $51,077 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: 70/6/24 Blend
50$3,100,000$3,100,000$3,100,000$3,100,000
51$3,422,800$3,258,500$3,210,450$3,641,214
52$3,717,580$3,363,820$3,263,654$3,893,453
53$4,040,715$3,472,590$3,316,929$4,162,922
54$4,395,045$3,584,924$3,370,223$4,456,686
55$4,783,695$3,700,941$3,423,481$4,777,153
56$5,210,108$3,820,763$3,476,644$5,126,971
57$5,678,078$3,944,519$3,529,650$5,509,060
58$6,191,781$4,072,340$3,582,433$5,926,633
59$6,755,821$4,204,362$3,634,922$6,383,231
60$7,375,265$4,340,727$3,687,042$6,882,756
61$8,055,698$4,481,579$3,738,715$7,429,506
62$8,803,273$4,627,070$3,789,855$8,028,213
63$9,624,766$4,777,355$3,840,375$8,684,095
64$10,527,644$4,932,597$3,890,178$9,402,897
65$11,520,131$5,092,962$3,939,167$10,190,951
66$12,611,290$5,258,622$3,987,235$11,055,232
67$13,811,104$5,429,758$4,034,270$12,003,424
68$15,130,574$5,606,553$4,080,155$13,043,996
69$16,581,818$5,789,199$4,124,765$14,186,278
70$18,178,188$5,977,895$4,167,970$15,440,550
71$19,934,396$6,172,845$4,209,630$16,818,139
72$21,866,652$6,374,261$4,249,600$18,331,527
73$23,992,814$6,582,364$4,287,725$19,994,465
74$26,332,562$6,797,381$4,323,845$21,822,109
75$28,907,577$7,019,546$4,357,787$23,831,157
76$31,741,750$7,249,104$4,389,373$26,040,009
77$34,861,405$7,486,307$4,418,414$28,468,940
78$38,295,548$7,731,415$4,444,710$31,140,294
79$42,076,139$7,984,700$4,468,053$34,078,690
80$46,238,395$8,246,440$4,488,223$37,311,257
81$50,821,122$8,516,926$4,504,989$40,867,892
82$55,867,080$8,796,458$4,518,109$44,781,538
83$61,423,384$9,085,347$4,527,328$49,088,498
84$67,541,953$9,383,914$4,532,378$53,828,776
85$74,279,999$9,692,492$4,532,979$59,046,455
86$81,700,561$10,011,426$4,528,836$64,790,116
87$89,873,107$10,341,075$4,519,641$71,113,290
88$98,874,184$10,681,807$4,505,069$78,074,969
89$108,788,142$11,034,007$4,484,780$85,740,162
90$119,707,931$11,398,072$4,458,418$94,180,507
91$131,735,976$11,774,413$4,425,611$103,474,948
92$144,985,142$12,163,457$4,385,966$113,710,481
93$159,579,805$12,565,644$4,339,074$124,982,974
94$175,657,018$12,981,434$4,284,506$137,398,074
95$193,367,809$13,411,299$4,221,812$151,072,202
96$212,878,605$13,855,732$4,150,522$166,133,655
97$234,372,801$14,315,241$4,070,143$182,723,814
98$258,052,493$14,790,355$3,980,159$200,998,482
99$284,140,385$15,281,619$3,880,032$221,129,354
100$312,881,887$15,789,602$3,769,196$243,305,635