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

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$272,511$270,084$267,715$265,404$263,147$254,621
2 years$134,906$132,394$129,959$127,598$125,308$116,799
3 years$89,044$86,521$84,092$81,753$79,500$71,275
4 years$66,118$63,602$61,197$58,899$56,700$48,821
5 years$52,365$49,865$47,492$45,240$43,103$35,590
6 years$43,200$40,718$38,380$36,179$34,106$26,967
7 years$36,656$34,195$31,894$29,744$27,737$20,971
8 years$31,750$29,312$27,049$24,952$23,011$16,613
9 years$27,937$25,521$23,297$21,253$19,378$13,341
10 years$24,887$22,496$20,311$18,321$16,511$10,825
11 years$22,394$20,026$17,881$15,944$14,200$8,855
12 years$20,318$17,975$15,869$13,985$12,306$7,289
13 years$18,563$16,244$14,178$12,347$10,731$6,031
14 years$17,060$14,765$12,739$10,960$9,406$5,010
15 years$15,758$13,488$11,502$9,775$8,282$4,176
16 years$14,620$12,375$10,428$8,752$7,320$3,491
17 years$13,617$11,397$9,489$7,864$6,490$2,924
18 years$12,727$10,531$8,662$7,087$5,771$2,454
19 years$11,931$9,760$7,930$6,404$5,144$2,063
20 years$11,216$9,070$7,278$5,800$4,594$1,737
21 years$10,569$8,448$6,694$5,264$4,112$1,463
22 years$9,982$7,886$6,170$4,786$3,685$1,234
23 years$9,447$7,376$5,697$4,359$3,308$1,041
24 years$8,958$6,911$5,268$3,975$2,973$880
25 years$8,508$6,485$4,880$3,630$2,676$743
26 years$8,093$6,095$4,526$3,319$2,410$628
27 years$7,710$5,736$4,202$3,038$2,173$531
28 years$7,355$5,405$3,907$2,784$1,961$449
29 years$7,025$5,099$3,635$2,553$1,770$380
30 years$6,717$4,816$3,386$2,343$1,600$322
31 years$6,430$4,552$3,157$2,152$1,446$273
32 years$6,162$4,307$2,945$1,977$1,308$231
33 years$5,910$4,079$2,750$1,818$1,184$195
34 years$5,673$3,866$2,570$1,673$1,072$165
35 years$5,451$3,667$2,402$1,540$971$140
36 years$5,241$3,481$2,247$1,418$880$119
37 years$5,043$3,306$2,104$1,307$797$101
38 years$4,856$3,142$1,970$1,205$723$85
39 years$4,679$2,987$1,846$1,111$655$72
40 years$4,512$2,842$1,730$1,025$595$61
41 years$4,353$2,706$1,622$945$539$52
42 years$4,201$2,577$1,522$872$489$44
43 years$4,058$2,455$1,428$805$444$37
44 years$3,921$2,340$1,340$744$403$32
45 years$3,791$2,232$1,258$687$366$27
46 years$3,666$2,129$1,182$634$332$23
47 years$3,548$2,032$1,110$586$302$19
48 years$3,434$1,939$1,043$541$274$16
49 years$3,326$1,852$981$500$249$14
50 years$3,222$1,769$922$463$226$12

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 $4,627 every year, while hoping to spend $59,270 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: 60/34/6 Blend
50$3,300,000$3,300,000$3,300,000$3,300,000
51$3,641,373$3,466,473$3,415,323$3,855,431
52$3,949,730$3,573,267$3,466,673$4,106,008
53$4,287,553$3,683,308$3,517,757$4,371,950
54$4,657,785$3,796,692$3,568,504$4,660,498
55$5,063,667$3,913,518$3,618,837$4,973,824
56$5,508,769$4,033,888$3,668,676$5,314,321
57$5,997,023$4,157,907$3,717,936$5,684,622
58$6,532,758$4,285,684$3,766,526$6,087,621
59$7,120,746$4,417,329$3,814,351$6,526,508
60$7,766,241$4,552,957$3,861,310$7,004,791
61$8,475,030$4,692,684$3,907,297$7,526,333
62$9,253,490$4,836,632$3,952,197$8,095,385
63$10,108,643$4,984,925$3,995,894$8,716,628
64$11,048,228$5,137,690$4,038,260$9,395,217
65$12,080,769$5,295,058$4,079,163$10,136,827
66$13,215,656$5,457,164$4,118,463$10,947,705
67$14,463,235$5,624,147$4,156,014$11,834,734
68$15,834,904$5,796,149$4,191,659$12,805,491
69$17,343,220$5,973,317$4,225,236$13,868,320
70$19,002,018$6,155,799$4,256,571$15,032,414
71$20,826,543$6,343,752$4,285,485$16,307,896
72$22,833,588$6,537,334$4,311,787$17,705,914
73$25,041,658$6,736,707$4,335,276$19,238,750
74$27,471,141$6,942,040$4,355,741$20,919,931
75$30,144,502$7,153,504$4,372,962$22,764,359
76$33,086,491$7,371,275$4,386,707$24,788,449
77$36,324,381$7,595,536$4,396,729$27,010,282
78$39,888,223$7,826,472$4,402,775$29,449,780
79$43,811,127$8,064,275$4,404,573$32,128,886
80$48,129,578$8,309,141$4,401,843$35,071,777
81$52,883,777$8,561,271$4,394,287$38,305,088
82$58,118,022$8,820,873$4,381,595$41,858,163
83$63,881,123$9,088,158$4,363,441$45,763,331
84$70,226,864$9,363,344$4,339,483$50,056,213
85$77,214,512$9,646,656$4,309,363$54,776,052
86$84,909,372$9,938,322$4,272,707$59,966,087
87$93,383,405$10,238,577$4,229,120$65,673,960
88$102,715,909$10,547,663$4,178,191$71,952,161
89$112,994,260$10,865,827$4,119,489$78,858,528
90$124,314,745$11,193,324$4,052,563$86,456,787
91$136,783,465$11,530,412$3,976,939$94,817,157
92$150,517,335$11,877,359$3,892,123$104,017,006
93$165,645,191$12,234,438$3,797,598$114,141,588
94$182,309,004$12,601,929$3,692,821$125,284,839
95$200,665,218$12,980,119$3,577,226$137,550,269
96$220,886,228$13,369,303$3,450,221$151,051,933
97$243,162,006$13,769,781$3,311,185$165,915,511
98$267,701,892$14,181,862$3,159,472$182,279,490
99$294,736,574$14,605,861$2,994,403$200,296,470
100$324,520,259$15,042,103$2,815,270$220,134,606