Can I retire at age 51 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$272,511$270,084$267,715$265,404$263,147$253,911
2 years$134,906$132,394$129,959$127,598$125,308$116,100
3 years$89,044$86,521$84,092$81,753$79,500$70,610
4 years$66,118$63,602$61,197$58,899$56,700$48,195
5 years$52,365$49,865$47,492$45,240$43,103$35,005
6 years$43,200$40,718$38,380$36,179$34,106$26,421
7 years$36,656$34,195$31,894$29,744$27,737$20,465
8 years$31,750$29,312$27,049$24,952$23,011$16,145
9 years$27,937$25,521$23,297$21,253$19,378$12,910
10 years$24,887$22,496$20,311$18,321$16,511$10,429
11 years$22,394$20,026$17,881$15,944$14,200$8,492
12 years$20,318$17,975$15,869$13,985$12,306$6,958
13 years$18,563$16,244$14,178$12,347$10,731$5,730
14 years$17,060$14,765$12,739$10,960$9,406$4,737
15 years$15,758$13,488$11,502$9,775$8,282$3,929
16 years$14,620$12,375$10,428$8,752$7,320$3,267
17 years$13,617$11,397$9,489$7,864$6,490$2,723
18 years$12,727$10,531$8,662$7,087$5,771$2,274
19 years$11,931$9,760$7,930$6,404$5,144$1,901
20 years$11,216$9,070$7,278$5,800$4,594$1,592
21 years$10,569$8,448$6,694$5,264$4,112$1,334
22 years$9,982$7,886$6,170$4,786$3,685$1,119
23 years$9,447$7,376$5,697$4,359$3,308$939
24 years$8,958$6,911$5,268$3,975$2,973$789
25 years$8,508$6,485$4,880$3,630$2,676$663
26 years$8,093$6,095$4,526$3,319$2,410$557
27 years$7,710$5,736$4,202$3,038$2,173$468
28 years$7,355$5,405$3,907$2,784$1,961$394
29 years$7,025$5,099$3,635$2,553$1,770$331
30 years$6,717$4,816$3,386$2,343$1,600$279
31 years$6,430$4,552$3,157$2,152$1,446$235
32 years$6,162$4,307$2,945$1,977$1,308$198
33 years$5,910$4,079$2,750$1,818$1,184$166
34 years$5,673$3,866$2,570$1,673$1,072$140
35 years$5,451$3,667$2,402$1,540$971$118
36 years$5,241$3,481$2,247$1,418$880$99
37 years$5,043$3,306$2,104$1,307$797$84
38 years$4,856$3,142$1,970$1,205$723$70
39 years$4,679$2,987$1,846$1,111$655$59
40 years$4,512$2,842$1,730$1,025$595$50
41 years$4,353$2,706$1,622$945$539$42
42 years$4,201$2,577$1,522$872$489$35
43 years$4,058$2,455$1,428$805$444$30
44 years$3,921$2,340$1,340$744$403$25
45 years$3,791$2,232$1,258$687$366$21
46 years$3,666$2,129$1,182$634$332$18
47 years$3,548$2,032$1,110$586$302$15
48 years$3,434$1,939$1,043$541$274$13
49 years$3,326$1,852$981$500$249$11
50 years$3,222$1,769$922$463$226$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $3,300,000, adding $3,517 every year, while hoping to spend $50,263 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: 29/42/29 Blend
50$3,300,000$3,300,000$3,300,000$3,300,000
51$3,640,228$3,465,328$3,414,178$3,713,161
52$3,958,052$3,581,649$3,475,073$3,887,651
53$4,306,609$3,701,986$3,536,324$4,070,519
54$4,688,981$3,826,482$3,597,889$4,266,124
55$5,108,563$3,955,285$3,659,725$4,475,603
56$5,569,094$4,088,551$3,721,782$4,700,204
57$6,074,691$4,226,440$3,784,012$4,941,299
58$6,629,892$4,369,119$3,846,359$5,200,396
59$7,239,695$4,516,759$3,908,766$5,479,150
60$7,909,604$4,669,541$3,971,170$5,779,381
61$8,645,685$4,827,650$4,033,506$6,103,089
62$9,454,620$4,991,279$4,095,703$6,452,475
63$10,343,769$5,160,629$4,157,686$6,829,956
64$11,321,241$5,335,908$4,219,376$7,238,193
65$12,395,971$5,517,331$4,280,689$7,680,109
66$13,577,803$5,705,123$4,341,535$8,158,923
67$14,877,581$5,899,516$4,401,818$8,678,176
68$16,307,253$6,100,752$4,461,439$9,241,761
69$17,879,986$6,309,081$4,520,290$9,853,964
70$19,610,283$6,524,764$4,578,258$10,519,503
71$21,514,126$6,748,072$4,635,224$11,243,568
72$23,609,125$6,979,285$4,691,061$12,031,873
73$25,914,680$7,218,696$4,745,637$12,890,707
74$28,452,172$7,466,606$4,798,810$13,826,993
75$31,245,155$7,723,331$4,850,431$14,848,353
76$34,319,584$7,989,197$4,900,344$15,963,180
77$37,704,058$8,264,545$4,948,383$17,180,714
78$41,430,092$8,549,727$4,994,373$18,511,128
79$45,532,407$8,845,110$5,038,131$19,965,626
80$50,049,267$9,151,074$5,079,462$21,556,547
81$55,022,832$9,468,017$5,118,164$23,297,477
82$60,499,559$9,796,348$5,154,021$25,203,381
83$66,530,642$10,136,497$5,186,808$27,290,739
84$73,172,489$10,488,906$5,216,287$29,577,704
85$80,487,259$10,854,039$5,242,209$32,084,270
86$88,543,448$11,232,376$5,264,312$34,832,460
87$97,416,532$11,624,415$5,282,319$37,846,532
88$107,189,684$12,030,676$5,295,942$41,153,207
89$117,954,551$12,451,699$5,304,876$44,781,924
90$129,812,128$12,888,046$5,308,802$48,765,108
91$142,873,704$13,340,298$5,307,386$53,138,483
92$157,261,914$13,809,065$5,300,275$57,941,403
93$173,111,896$14,294,976$5,287,101$63,217,224
94$190,572,569$14,798,689$5,267,478$69,013,710
95$209,808,032$15,320,887$5,241,001$75,383,485
96$230,999,121$15,862,279$5,207,243$82,384,525
97$254,345,107$16,423,606$5,165,761$90,080,706
98$280,065,581$17,005,637$5,116,088$98,542,406
99$308,402,528$17,609,171$5,057,735$107,847,163
100$339,622,607$18,235,041$4,990,190$118,080,411