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%20%
1 years$272,511$270,084$267,715$265,404$263,147$252,606
2 years$134,906$132,394$129,959$127,598$125,308$114,821
3 years$89,044$86,521$84,092$81,753$79,500$69,397
4 years$66,118$63,602$61,197$58,899$56,700$47,058
5 years$52,365$49,865$47,492$45,240$43,103$33,945
6 years$43,200$40,718$38,380$36,179$34,106$25,439
7 years$36,656$34,195$31,894$29,744$27,737$19,558
8 years$31,750$29,312$27,049$24,952$23,011$15,310
9 years$27,937$25,521$23,297$21,253$19,378$12,145
10 years$24,887$22,496$20,311$18,321$16,511$9,731
11 years$22,394$20,026$17,881$15,944$14,200$7,857
12 years$20,318$17,975$15,869$13,985$12,306$6,382
13 years$18,563$16,244$14,178$12,347$10,731$5,209
14 years$17,060$14,765$12,739$10,960$9,406$4,267
15 years$15,758$13,488$11,502$9,775$8,282$3,507
16 years$14,620$12,375$10,428$8,752$7,320$2,889
17 years$13,617$11,397$9,489$7,864$6,490$2,385
18 years$12,727$10,531$8,662$7,087$5,771$1,972
19 years$11,931$9,760$7,930$6,404$5,144$1,632
20 years$11,216$9,070$7,278$5,800$4,594$1,353
21 years$10,569$8,448$6,694$5,264$4,112$1,123
22 years$9,982$7,886$6,170$4,786$3,685$932
23 years$9,447$7,376$5,697$4,359$3,308$774
24 years$8,958$6,911$5,268$3,975$2,973$644
25 years$8,508$6,485$4,880$3,630$2,676$535
26 years$8,093$6,095$4,526$3,319$2,410$445
27 years$7,710$5,736$4,202$3,038$2,173$370
28 years$7,355$5,405$3,907$2,784$1,961$308
29 years$7,025$5,099$3,635$2,553$1,770$257
30 years$6,717$4,816$3,386$2,343$1,600$214
31 years$6,430$4,552$3,157$2,152$1,446$178
32 years$6,162$4,307$2,945$1,977$1,308$148
33 years$5,910$4,079$2,750$1,818$1,184$123
34 years$5,673$3,866$2,570$1,673$1,072$103
35 years$5,451$3,667$2,402$1,540$971$86
36 years$5,241$3,481$2,247$1,418$880$71
37 years$5,043$3,306$2,104$1,307$797$59
38 years$4,856$3,142$1,970$1,205$723$50
39 years$4,679$2,987$1,846$1,111$655$41
40 years$4,512$2,842$1,730$1,025$595$34
41 years$4,353$2,706$1,622$945$539$29
42 years$4,201$2,577$1,522$872$489$24
43 years$4,058$2,455$1,428$805$444$20
44 years$3,921$2,340$1,340$744$403$17
45 years$3,791$2,232$1,258$687$366$14
46 years$3,666$2,129$1,182$634$332$12
47 years$3,548$2,032$1,110$586$302$10
48 years$3,434$1,939$1,043$541$274$8
49 years$3,326$1,852$981$500$249$7
50 years$3,222$1,769$922$463$226$6

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 $6,526 every year, while hoping to spend $28,693 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: 45/27/28 Blend
50$3,300,000$3,300,000$3,300,000$3,300,000
51$3,643,332$3,468,432$3,417,282$3,777,524
52$3,984,422$3,607,856$3,501,231$4,013,006
53$4,359,343$3,753,150$3,587,032$4,264,975
54$4,771,513$3,904,571$3,674,715$4,537,699
55$5,224,701$4,062,389$3,764,312$4,833,132
56$5,723,059$4,226,885$3,855,855$5,153,421
57$6,271,161$4,398,352$3,949,376$5,500,927
58$6,874,046$4,577,098$4,044,907$5,878,246
59$7,537,268$4,763,445$4,142,480$6,288,231
60$8,266,943$4,957,727$4,242,126$6,734,021
61$9,069,812$5,160,297$4,343,879$7,219,068
62$9,953,303$5,371,522$4,447,769$7,747,167
63$10,925,599$5,591,785$4,553,828$8,322,494
64$11,995,716$5,821,489$4,662,087$8,949,645
65$13,173,589$6,061,052$4,772,578$9,633,673
66$14,470,167$6,310,915$4,885,330$10,380,142
67$15,897,511$6,571,537$5,000,376$11,195,171
68$17,468,913$6,843,398$5,117,744$12,085,498
69$19,199,018$7,127,001$5,237,465$13,058,534
70$21,103,965$7,422,870$5,359,567$14,122,442
71$23,201,535$7,731,557$5,484,078$15,286,203
72$25,511,324$8,053,636$5,611,027$16,559,705
73$28,054,924$8,389,709$5,740,441$17,953,834
74$30,856,126$8,740,404$5,872,346$19,480,575
75$33,941,148$9,106,381$6,006,767$21,153,122
76$37,338,880$9,488,329$6,143,728$22,986,005
77$41,081,156$9,886,967$6,283,254$24,995,221
78$45,203,056$10,303,051$6,425,365$27,198,385
79$49,743,236$10,737,369$6,570,083$29,614,899
80$54,744,293$11,190,747$6,717,428$32,266,124
81$60,253,166$11,664,048$6,867,416$35,175,588
82$66,321,580$12,158,178$7,020,066$38,369,202
83$73,006,534$12,674,081$7,175,391$41,875,505
84$80,370,838$13,212,748$7,333,404$45,725,928
85$88,483,706$13,775,216$7,494,116$49,955,092
86$97,421,411$14,362,569$7,657,535$54,601,129
87$107,268,001$14,975,941$7,823,669$59,706,044
88$118,116,097$15,616,521$7,992,521$65,316,103
89$130,067,760$16,285,552$8,164,093$71,482,274
90$143,235,464$16,984,337$8,338,382$78,260,698
91$157,743,149$17,714,237$8,515,385$85,713,224
92$173,727,394$18,476,678$8,695,094$93,907,982
93$191,338,707$19,273,154$8,877,499$102,920,030
94$210,742,944$20,105,228$9,062,584$112,832,054
95$232,122,875$20,974,535$9,250,332$123,735,149
96$255,679,911$21,882,789$9,440,720$135,729,672
97$281,635,999$22,831,784$9,633,722$148,926,189
98$310,235,726$23,823,396$9,829,307$163,446,513
99$341,748,621$24,859,592$10,027,438$179,424,848
100$376,471,699$25,942,431$10,228,076$197,009,059