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%14.4%
1 years$264,253$261,899$259,603$257,361$255,172$250,533
2 years$130,818$128,382$126,021$123,731$121,511$116,853
3 years$86,346$83,899$81,544$79,276$77,091$72,561
4 years$64,114$61,675$59,343$57,114$54,982$50,613
5 years$50,778$48,354$46,053$43,869$41,797$37,602
6 years$41,891$39,484$37,217$35,082$33,072$29,057
7 years$35,545$33,159$30,928$28,843$26,897$23,061
8 years$30,788$28,423$26,229$24,196$22,313$18,657
9 years$27,090$24,748$22,591$20,609$18,791$15,312
10 years$24,133$21,814$19,696$17,766$16,011$12,706
11 years$21,716$19,420$17,340$15,461$13,770$10,635
12 years$19,703$17,430$15,388$13,562$11,933$8,964
13 years$18,000$15,752$13,749$11,973$10,406$7,598
14 years$16,543$14,318$12,353$10,628$9,121$6,470
15 years$15,281$13,080$11,153$9,478$8,031$5,531
16 years$14,177$12,000$10,112$8,487$7,098$4,743
17 years$13,205$11,052$9,202$7,625$6,294$4,078
18 years$12,341$10,212$8,400$6,872$5,596$3,515
19 years$11,569$9,465$7,690$6,210$4,988$3,035
20 years$10,876$8,795$7,057$5,624$4,455$2,626
21 years$10,249$8,192$6,491$5,104$3,987$2,274
22 years$9,680$7,647$5,983$4,641$3,574$1,972
23 years$9,161$7,152$5,524$4,226$3,208$1,712
24 years$8,686$6,701$5,109$3,855$2,883$1,488
25 years$8,250$6,289$4,732$3,520$2,595$1,294
26 years$7,848$5,910$4,388$3,219$2,337$1,126
27 years$7,477$5,562$4,075$2,946$2,107$980
28 years$7,132$5,241$3,788$2,699$1,901$854
29 years$6,812$4,945$3,525$2,475$1,717$744
30 years$6,514$4,670$3,284$2,272$1,551$649
31 years$6,235$4,414$3,061$2,087$1,402$566
32 years$5,975$4,177$2,856$1,918$1,269$494
33 years$5,731$3,956$2,667$1,763$1,148$431
34 years$5,501$3,749$2,492$1,622$1,039$376
35 years$5,286$3,556$2,330$1,494$942$328
36 years$5,082$3,375$2,179$1,376$853$287
37 years$4,890$3,206$2,040$1,267$773$250
38 years$4,709$3,046$1,910$1,168$701$219
39 years$4,538$2,897$1,790$1,077$636$191
40 years$4,375$2,756$1,677$993$577$167
41 years$4,221$2,624$1,573$917$523$146
42 years$4,074$2,499$1,475$846$475$127
43 years$3,935$2,381$1,384$781$431$111
44 years$3,802$2,269$1,300$721$391$97
45 years$3,676$2,164$1,220$666$355$85
46 years$3,555$2,064$1,146$615$322$74
47 years$3,440$1,970$1,077$568$293$65
48 years$3,330$1,881$1,012$525$266$57
49 years$3,225$1,796$951$485$241$50
50 years$3,124$1,715$894$449$219$43

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 $5,334 every year, while hoping to spend $35,471 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: 63/28/9 Blend
50$3,200,000$3,200,000$3,200,000$3,200,000
51$3,531,902$3,362,302$3,312,702$3,747,319
52$3,854,415$3,489,314$3,385,937$4,018,847
53$4,208,636$3,621,361$3,460,436$4,310,579
54$4,597,761$3,758,651$3,536,204$4,628,205
55$5,025,311$3,901,404$3,613,246$4,974,234
56$5,495,167$4,049,847$3,691,564$5,351,428
57$6,011,603$4,204,218$3,771,160$5,762,823
58$6,579,327$4,364,765$3,852,034$6,211,761
59$7,203,526$4,531,747$3,934,186$6,701,921
60$7,889,917$4,705,434$4,017,612$7,237,350
61$8,644,796$4,886,108$4,102,310$7,822,501
62$9,475,101$5,074,063$4,188,273$8,462,278
63$10,388,476$5,269,607$4,275,495$9,162,077
64$11,393,344$5,473,060$4,363,967$9,927,839
65$12,498,982$5,684,758$4,453,677$10,766,104
66$13,715,617$5,905,050$4,544,614$11,684,072
67$15,054,514$6,134,300$4,636,762$12,689,669
68$16,528,084$6,372,891$4,730,104$13,791,625
69$18,150,006$6,621,221$4,824,620$14,999,549
70$19,935,351$6,879,704$4,920,288$16,324,026
71$21,900,722$7,148,775$5,017,084$17,776,708
72$24,064,418$7,428,888$5,114,979$19,370,430
73$26,446,601$7,720,515$5,213,943$21,119,325
74$29,069,486$8,024,153$5,313,942$23,038,960
75$31,957,554$8,340,316$5,414,938$25,146,478
76$35,137,778$8,669,545$5,516,893$27,460,761
77$38,639,883$9,012,404$5,619,760$30,002,608
78$42,496,621$9,369,482$5,723,491$32,794,925
79$46,744,083$9,741,393$5,828,035$35,862,946
80$51,422,040$10,128,782$5,933,335$39,234,465
81$56,574,316$10,532,320$6,039,329$42,940,100
82$62,249,201$10,952,709$6,145,952$47,013,576
83$68,499,910$11,390,682$6,253,132$51,492,049
84$75,385,082$11,847,007$6,360,793$56,416,446
85$82,969,335$12,322,484$6,468,854$61,831,857
86$91,323,872$12,817,952$6,577,226$67,787,956
87$100,527,161$13,334,285$6,685,817$74,339,465
88$110,665,664$13,872,398$6,794,525$81,546,673
89$121,834,664$14,433,247$6,903,244$89,476,003
90$134,139,157$15,017,834$7,011,859$98,200,631
91$147,694,845$15,627,201$7,120,250$107,801,181
92$162,629,228$16,262,443$7,228,287$118,366,481
93$179,082,807$16,924,701$7,335,833$129,994,398
94$197,210,412$17,615,170$7,442,742$142,792,760
95$217,182,659$18,335,098$7,548,859$156,880,375
96$239,187,564$19,085,791$7,654,019$172,388,140
97$263,432,315$19,868,615$7,758,049$189,460,286
98$290,145,232$20,684,998$7,860,764$208,255,726
99$319,577,915$21,536,432$7,961,969$228,949,558
100$352,007,624$22,424,479$8,061,457$251,734,713