Can I retire at age 51 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$264,253$261,899$259,603$257,361$255,172$250,020
2 years$130,818$128,382$126,021$123,731$121,511$116,343
3 years$86,346$83,899$81,544$79,276$77,091$72,069
4 years$64,114$61,675$59,343$57,114$54,982$50,143
5 years$50,778$48,354$46,053$43,869$41,797$37,155
6 years$41,891$39,484$37,217$35,082$33,072$28,634
7 years$35,545$33,159$30,928$28,843$26,897$22,662
8 years$30,788$28,423$26,229$24,196$22,313$18,281
9 years$27,090$24,748$22,591$20,609$18,791$14,958
10 years$24,133$21,814$19,696$17,766$16,011$12,374
11 years$21,716$19,420$17,340$15,461$13,770$10,325
12 years$19,703$17,430$15,388$13,562$11,933$8,674
13 years$18,000$15,752$13,749$11,973$10,406$7,328
14 years$16,543$14,318$12,353$10,628$9,121$6,219
15 years$15,281$13,080$11,153$9,478$8,031$5,298
16 years$14,177$12,000$10,112$8,487$7,098$4,527
17 years$13,205$11,052$9,202$7,625$6,294$3,879
18 years$12,341$10,212$8,400$6,872$5,596$3,331
19 years$11,569$9,465$7,690$6,210$4,988$2,866
20 years$10,876$8,795$7,057$5,624$4,455$2,470
21 years$10,249$8,192$6,491$5,104$3,987$2,131
22 years$9,680$7,647$5,983$4,641$3,574$1,841
23 years$9,161$7,152$5,524$4,226$3,208$1,592
24 years$8,686$6,701$5,109$3,855$2,883$1,378
25 years$8,250$6,289$4,732$3,520$2,595$1,194
26 years$7,848$5,910$4,388$3,219$2,337$1,035
27 years$7,477$5,562$4,075$2,946$2,107$897
28 years$7,132$5,241$3,788$2,699$1,901$778
29 years$6,812$4,945$3,525$2,475$1,717$676
30 years$6,514$4,670$3,284$2,272$1,551$587
31 years$6,235$4,414$3,061$2,087$1,402$509
32 years$5,975$4,177$2,856$1,918$1,269$443
33 years$5,731$3,956$2,667$1,763$1,148$385
34 years$5,501$3,749$2,492$1,622$1,039$334
35 years$5,286$3,556$2,330$1,494$942$291
36 years$5,082$3,375$2,179$1,376$853$253
37 years$4,890$3,206$2,040$1,267$773$220
38 years$4,709$3,046$1,910$1,168$701$191
39 years$4,538$2,897$1,790$1,077$636$166
40 years$4,375$2,756$1,677$993$577$145
41 years$4,221$2,624$1,573$917$523$126
42 years$4,074$2,499$1,475$846$475$109
43 years$3,935$2,381$1,384$781$431$95
44 years$3,802$2,269$1,300$721$391$83
45 years$3,676$2,164$1,220$666$355$72
46 years$3,555$2,064$1,146$615$322$63
47 years$3,440$1,970$1,077$568$293$55
48 years$3,330$1,881$1,012$525$266$47
49 years$3,225$1,796$951$485$241$41
50 years$3,124$1,715$894$449$219$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $3,200,000, adding $5,628 every year, while hoping to spend $39,106 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: 54/39/7 Blend
50$3,200,000$3,200,000$3,200,000$3,200,000
51$3,532,205$3,362,605$3,313,005$3,716,855
52$3,850,882$3,485,764$3,382,382$3,965,527
53$4,200,753$3,613,648$3,452,773$4,231,239
54$4,584,958$3,746,445$3,524,170$4,519,470
55$5,006,958$3,884,356$3,596,564$4,832,358
56$5,470,564$4,027,585$3,669,945$5,172,256
57$5,979,974$4,176,349$3,744,300$5,541,749
58$6,539,812$4,330,871$3,819,616$5,943,680
59$7,155,176$4,491,387$3,895,876$6,381,177
60$7,831,679$4,658,139$3,973,062$6,857,679
61$8,575,504$4,831,383$4,051,154$7,376,969
62$9,393,468$5,011,382$4,130,130$7,943,208
63$10,293,076$5,198,415$4,209,964$8,560,976
64$11,282,601$5,392,768$4,290,629$9,235,312
65$12,371,156$5,594,744$4,372,094$9,971,758
66$13,568,782$5,804,654$4,454,328$10,776,417
67$14,886,543$6,022,827$4,537,292$11,656,004
68$16,336,628$6,249,603$4,620,949$12,617,909
69$17,932,469$6,485,339$4,705,256$13,670,267
70$19,688,865$6,730,405$4,790,167$14,822,035
71$21,622,123$6,985,188$4,875,631$16,083,071
72$23,750,210$7,250,094$4,961,596$17,464,229
73$26,092,926$7,525,542$5,048,003$18,977,459
74$28,672,084$7,811,974$5,134,791$20,635,917
75$31,511,724$8,109,847$5,221,894$22,454,093
76$34,638,332$8,419,642$5,309,239$24,447,939
77$38,081,095$8,741,858$5,396,752$26,635,022
78$41,872,174$9,077,016$5,484,351$29,034,689
79$46,047,008$9,425,662$5,571,948$31,668,245
80$50,644,646$9,788,363$5,659,452$34,559,155
81$55,708,120$10,165,713$5,746,764$37,733,261
82$61,284,847$10,558,331$5,833,779$41,219,025
83$67,427,076$10,966,865$5,920,386$45,047,798
84$74,192,385$11,391,988$6,006,466$49,254,110
85$81,644,220$11,834,407$6,091,894$53,875,996
86$89,852,494$12,294,857$6,176,536$58,955,354
87$98,894,250$12,774,106$6,260,252$64,538,332
88$108,854,385$13,272,958$6,342,891$70,675,770
89$119,826,450$13,792,251$6,424,296$77,423,670
90$131,913,536$14,332,860$6,504,298$84,843,725
91$145,229,247$14,895,700$6,582,722$93,003,901
92$159,898,766$15,481,726$6,659,379$101,979,070
93$176,060,045$16,091,935$6,734,073$111,851,717
94$193,865,100$16,727,370$6,806,595$122,712,716
95$213,481,448$17,389,119$6,876,724$134,662,184
96$235,093,691$18,078,321$6,944,229$147,810,421
97$258,905,252$18,796,163$7,008,866$162,278,950
98$285,140,300$19,543,888$7,070,375$178,201,659
99$314,045,865$20,322,793$7,128,487$195,726,062
100$345,894,167$21,134,234$7,182,915$215,014,687