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%11.4%
1 years$264,253$261,899$259,603$257,361$255,172$253,671
2 years$130,818$128,382$126,021$123,731$121,511$119,996
3 years$86,346$83,899$81,544$79,276$77,091$75,610
4 years$64,114$61,675$59,343$57,114$54,982$53,546
5 years$50,778$48,354$46,053$43,869$41,797$40,409
6 years$41,891$39,484$37,217$35,082$33,072$31,736
7 years$35,545$33,159$30,928$28,843$26,897$25,612
8 years$30,788$28,423$26,229$24,196$22,313$21,080
9 years$27,090$24,748$22,591$20,609$18,791$17,610
10 years$24,133$21,814$19,696$17,766$16,011$14,880
11 years$21,716$19,420$17,340$15,461$13,770$12,689
12 years$19,703$17,430$15,388$13,562$11,933$10,901
13 years$18,000$15,752$13,749$11,973$10,406$9,422
14 years$16,543$14,318$12,353$10,628$9,121$8,185
15 years$15,281$13,080$11,153$9,478$8,031$7,141
16 years$14,177$12,000$10,112$8,487$7,098$6,252
17 years$13,205$11,052$9,202$7,625$6,294$5,491
18 years$12,341$10,212$8,400$6,872$5,596$4,835
19 years$11,569$9,465$7,690$6,210$4,988$4,267
20 years$10,876$8,795$7,057$5,624$4,455$3,773
21 years$10,249$8,192$6,491$5,104$3,987$3,343
22 years$9,680$7,647$5,983$4,641$3,574$2,966
23 years$9,161$7,152$5,524$4,226$3,208$2,634
24 years$8,686$6,701$5,109$3,855$2,883$2,343
25 years$8,250$6,289$4,732$3,520$2,595$2,086
26 years$7,848$5,910$4,388$3,219$2,337$1,859
27 years$7,477$5,562$4,075$2,946$2,107$1,658
28 years$7,132$5,241$3,788$2,699$1,901$1,479
29 years$6,812$4,945$3,525$2,475$1,717$1,321
30 years$6,514$4,670$3,284$2,272$1,551$1,180
31 years$6,235$4,414$3,061$2,087$1,402$1,055
32 years$5,975$4,177$2,856$1,918$1,269$944
33 years$5,731$3,956$2,667$1,763$1,148$844
34 years$5,501$3,749$2,492$1,622$1,039$756
35 years$5,286$3,556$2,330$1,494$942$676
36 years$5,082$3,375$2,179$1,376$853$606
37 years$4,890$3,206$2,040$1,267$773$543
38 years$4,709$3,046$1,910$1,168$701$486
39 years$4,538$2,897$1,790$1,077$636$436
40 years$4,375$2,756$1,677$993$577$390
41 years$4,221$2,624$1,573$917$523$350
42 years$4,074$2,499$1,475$846$475$314
43 years$3,935$2,381$1,384$781$431$281
44 years$3,802$2,269$1,300$721$391$252
45 years$3,676$2,164$1,220$666$355$226
46 years$3,555$2,064$1,146$615$322$203
47 years$3,440$1,970$1,077$568$293$182
48 years$3,330$1,881$1,012$525$266$163
49 years$3,225$1,796$951$485$241$147
50 years$3,124$1,715$894$449$219$131

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 $6,790 every year, while hoping to spend $29,325 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: 70/23/7 Blend
50$3,200,000$3,200,000$3,200,000$3,200,000
51$3,533,404$3,363,804$3,314,204$3,776,423
52$3,862,610$3,497,429$3,394,028$4,071,635
53$4,224,411$3,636,618$3,475,544$4,390,292
54$4,622,103$3,781,614$3,558,776$4,738,162
55$5,059,314$3,932,669$3,643,751$5,118,108
56$5,540,041$4,090,048$3,730,494$5,533,279
57$6,068,690$4,254,025$3,819,030$5,987,141
58$6,650,113$4,424,889$3,909,385$6,483,510
59$7,289,658$4,602,941$4,001,582$7,026,584
60$7,993,215$4,788,498$4,095,647$7,620,986
61$8,767,275$4,981,886$4,191,604$8,271,804
62$9,618,990$5,183,452$4,289,476$8,984,639
63$10,556,240$5,393,554$4,389,286$9,765,660
64$11,587,706$5,612,568$4,491,057$10,621,655
65$12,722,957$5,840,888$4,594,812$11,560,101
66$13,972,532$6,078,925$4,700,572$12,589,231
67$15,348,046$6,327,109$4,808,357$13,718,109
68$16,862,298$6,585,888$4,918,188$14,956,717
69$18,529,389$6,855,733$5,030,084$16,316,049
70$20,364,859$7,137,136$5,144,064$17,808,212
71$22,385,828$7,430,610$5,260,144$19,446,538
72$24,611,165$7,736,692$5,378,341$21,245,713
73$27,061,658$8,055,944$5,498,670$23,221,910
74$29,760,217$8,388,955$5,621,145$25,392,944
75$32,732,084$8,736,339$5,745,778$27,778,438
76$36,005,076$9,098,739$5,872,581$30,400,004
77$39,609,844$9,476,827$6,001,563$33,281,451
78$43,580,164$9,871,308$6,132,731$36,449,003
79$47,953,256$10,282,917$6,266,093$39,931,550
80$52,770,132$10,712,424$6,401,651$43,760,915
81$58,075,988$11,160,635$6,539,408$47,972,157
82$63,920,624$11,628,392$6,679,364$52,603,896
83$70,358,922$12,116,577$6,821,517$57,698,679
84$77,451,355$12,626,113$6,965,861$63,303,379
85$85,264,565$13,157,964$7,112,389$69,469,635
86$93,871,987$13,713,141$7,261,091$76,254,338
87$103,354,545$14,292,700$7,411,953$83,720,168
88$113,801,414$14,897,747$7,564,958$91,936,179
89$125,310,862$15,529,441$7,720,088$100,978,454
90$137,991,177$16,188,990$7,877,318$110,930,816
91$151,961,691$16,877,664$8,036,621$121,885,623
92$167,353,902$17,596,789$8,197,967$133,944,630
93$184,312,720$18,347,752$8,361,319$147,219,955
94$202,997,833$19,132,007$8,526,639$161,835,126
95$223,585,212$19,951,075$8,693,881$177,926,253
96$246,268,773$20,806,547$8,862,996$195,643,303
97$271,262,211$21,700,091$9,033,929$215,151,520
98$298,801,011$22,633,450$9,206,620$236,632,972
99$329,144,675$23,608,450$9,381,003$260,288,277
100$362,579,171$24,627,003$9,557,006$286,338,485