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%17.8%
1 years$272,511$270,084$267,715$265,404$263,147$254,825
2 years$134,906$132,394$129,959$127,598$125,308$117,000
3 years$89,044$86,521$84,092$81,753$79,500$71,466
4 years$66,118$63,602$61,197$58,899$56,700$49,001
5 years$52,365$49,865$47,492$45,240$43,103$35,760
6 years$43,200$40,718$38,380$36,179$34,106$27,125
7 years$36,656$34,195$31,894$29,744$27,737$21,118
8 years$31,750$29,312$27,049$24,952$23,011$16,749
9 years$27,937$25,521$23,297$21,253$19,378$13,467
10 years$24,887$22,496$20,311$18,321$16,511$10,941
11 years$22,394$20,026$17,881$15,944$14,200$8,961
12 years$20,318$17,975$15,869$13,985$12,306$7,387
13 years$18,563$16,244$14,178$12,347$10,731$6,120
14 years$17,060$14,765$12,739$10,960$9,406$5,091
15 years$15,758$13,488$11,502$9,775$8,282$4,250
16 years$14,620$12,375$10,428$8,752$7,320$3,557
17 years$13,617$11,397$9,489$7,864$6,490$2,984
18 years$12,727$10,531$8,662$7,087$5,771$2,509
19 years$11,931$9,760$7,930$6,404$5,144$2,112
20 years$11,216$9,070$7,278$5,800$4,594$1,780
21 years$10,569$8,448$6,694$5,264$4,112$1,502
22 years$9,982$7,886$6,170$4,786$3,685$1,269
23 years$9,447$7,376$5,697$4,359$3,308$1,073
24 years$8,958$6,911$5,268$3,975$2,973$907
25 years$8,508$6,485$4,880$3,630$2,676$768
26 years$8,093$6,095$4,526$3,319$2,410$650
27 years$7,710$5,736$4,202$3,038$2,173$551
28 years$7,355$5,405$3,907$2,784$1,961$467
29 years$7,025$5,099$3,635$2,553$1,770$396
30 years$6,717$4,816$3,386$2,343$1,600$335
31 years$6,430$4,552$3,157$2,152$1,446$284
32 years$6,162$4,307$2,945$1,977$1,308$241
33 years$5,910$4,079$2,750$1,818$1,184$205
34 years$5,673$3,866$2,570$1,673$1,072$174
35 years$5,451$3,667$2,402$1,540$971$147
36 years$5,241$3,481$2,247$1,418$880$125
37 years$5,043$3,306$2,104$1,307$797$106
38 years$4,856$3,142$1,970$1,205$723$90
39 years$4,679$2,987$1,846$1,111$655$76
40 years$4,512$2,842$1,730$1,025$595$65
41 years$4,353$2,706$1,622$945$539$55
42 years$4,201$2,577$1,522$872$489$47
43 years$4,058$2,455$1,428$805$444$40
44 years$3,921$2,340$1,340$744$403$34
45 years$3,791$2,232$1,258$687$366$29
46 years$3,666$2,129$1,182$634$332$24
47 years$3,548$2,032$1,110$586$302$21
48 years$3,434$1,939$1,043$541$274$17
49 years$3,326$1,852$981$500$249$15
50 years$3,222$1,769$922$463$226$13

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 $2,849 every year, while hoping to spend $27,493 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: 71/5/24 Blend
50$3,300,000$3,300,000$3,300,000$3,300,000
51$3,639,539$3,464,639$3,413,489$3,875,806
52$3,981,519$3,605,154$3,498,588$4,174,526
53$4,357,461$3,751,632$3,585,617$4,498,016
54$4,770,797$3,904,338$3,674,611$4,851,581
55$5,225,314$4,063,546$3,765,606$5,238,206
56$5,725,180$4,229,544$3,858,638$5,661,177
57$6,274,989$4,402,632$3,953,743$6,124,114
58$6,879,803$4,583,126$4,050,958$6,631,001
59$7,545,198$4,771,354$4,150,320$7,186,230
60$8,277,318$4,967,661$4,251,866$7,794,634
61$9,082,934$5,172,405$4,355,633$8,461,539
62$9,969,504$5,385,964$4,461,657$9,192,810
63$10,945,248$5,608,731$4,569,978$9,994,907
64$12,019,222$5,841,117$4,680,630$10,874,948
65$13,201,404$6,083,554$4,793,653$11,840,772
66$14,502,789$6,336,490$4,909,083$12,901,014
67$15,935,494$6,600,398$5,026,957$14,065,188
68$17,512,867$6,875,770$5,147,313$15,343,775
69$19,249,619$7,163,123$5,270,187$16,748,319
70$21,161,958$7,462,994$5,395,617$18,291,540
71$23,267,745$7,775,948$5,523,637$19,987,453
72$25,586,662$8,102,576$5,654,286$21,851,495
73$28,140,395$8,443,496$5,787,598$23,900,677
74$30,952,841$8,799,353$5,923,608$26,153,738
75$34,050,334$9,170,824$6,062,352$28,631,328
76$37,461,891$9,558,617$6,203,864$31,356,194
77$41,219,486$9,963,472$6,348,176$34,353,402
78$45,358,356$10,386,164$6,495,322$37,650,571
79$49,917,326$10,827,505$6,645,333$41,278,129
80$54,939,183$11,288,342$6,798,241$45,269,605
81$60,471,073$11,769,564$6,954,076$49,661,941
82$66,564,951$12,272,101$7,112,866$54,495,846
83$73,278,068$12,796,926$7,274,639$59,816,169
84$80,673,513$13,345,057$7,439,421$65,672,335
85$88,820,808$13,917,561$7,607,238$72,118,801
86$97,796,562$14,515,554$7,778,112$79,215,571
87$107,685,198$15,140,203$7,952,066$87,028,768
88$118,579,747$15,792,731$8,129,118$95,631,248
89$130,582,725$16,474,419$8,309,288$105,103,296
90$143,807,104$17,186,607$8,492,591$115,533,376
91$158,377,376$17,930,698$8,679,040$127,018,970
92$174,430,727$18,708,161$8,868,646$139,667,497
93$192,118,334$19,520,533$9,061,418$153,597,322
94$211,606,790$20,369,425$9,257,362$168,938,879
95$233,079,678$21,256,523$9,456,479$185,835,895
96$256,739,305$22,183,593$9,658,771$204,446,751
97$282,808,607$23,152,481$9,864,233$224,945,975
98$311,533,258$24,165,126$10,072,857$247,525,885
99$343,183,985$25,223,552$10,284,633$272,398,408
100$378,059,128$26,329,882$10,499,544$299,797,079