Can I retire at age 51 with 3,400,000?

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 $3,400,000?

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$280,769$278,268$275,828$273,446$271,121$266,191
2 years$138,994$136,406$133,897$131,465$129,105$124,156
3 years$91,743$89,143$86,640$84,231$81,910$77,096
4 years$68,121$65,529$63,052$60,683$58,419$53,777
5 years$53,952$51,376$48,931$46,611$44,409$39,952
6 years$44,509$41,952$39,543$37,275$35,139$30,873
7 years$37,767$35,231$32,861$30,646$28,578$24,503
8 years$32,712$30,200$27,869$25,708$23,708$19,823
9 years$28,783$26,294$24,003$21,897$19,965$16,269
10 years$25,642$23,177$20,926$18,876$17,012$13,500
11 years$23,073$20,633$18,423$16,428$14,631$11,300
12 years$20,934$18,519$16,350$14,409$12,679$9,524
13 years$19,126$16,736$14,608$12,721$11,056$8,073
14 years$17,577$15,213$13,125$11,292$9,692$6,874
15 years$16,236$13,897$11,850$10,071$8,533$5,876
16 years$15,063$12,750$10,744$9,017$7,542$5,039
17 years$14,030$11,742$9,777$8,102$6,687$4,333
18 years$13,112$10,851$8,925$7,302$5,946$3,735
19 years$12,293$10,056$8,170$6,598$5,300$3,225
20 years$11,556$9,345$7,498$5,975$4,734$2,790
21 years$10,890$8,704$6,897$5,423$4,236$2,416
22 years$10,285$8,125$6,357$4,931$3,797$2,096
23 years$9,734$7,599$5,869$4,491$3,408$1,819
24 years$9,229$7,120$5,428$4,096$3,064$1,581
25 years$8,766$6,682$5,027$3,740$2,757$1,375
26 years$8,339$6,280$4,663$3,420$2,483$1,196
27 years$7,944$5,910$4,330$3,130$2,239$1,042
28 years$7,578$5,569$4,025$2,868$2,020$907
29 years$7,238$5,254$3,746$2,630$1,824$791
30 years$6,921$4,962$3,489$2,414$1,648$689
31 years$6,625$4,690$3,253$2,217$1,490$601
32 years$6,348$4,438$3,035$2,037$1,348$525
33 years$6,089$4,203$2,834$1,874$1,220$458
34 years$5,845$3,983$2,648$1,724$1,104$400
35 years$5,616$3,778$2,475$1,587$1,000$349
36 years$5,400$3,586$2,316$1,461$906$305
37 years$5,196$3,406$2,167$1,347$821$266
38 years$5,003$3,237$2,030$1,241$745$232
39 years$4,821$3,078$1,901$1,144$675$203
40 years$4,648$2,928$1,782$1,056$613$177
41 years$4,484$2,788$1,671$974$556$155
42 years$4,329$2,655$1,568$899$504$135
43 years$4,181$2,529$1,471$830$458$118
44 years$4,040$2,411$1,381$766$415$103
45 years$3,905$2,299$1,297$707$377$90
46 years$3,777$2,193$1,218$654$342$79
47 years$3,655$2,093$1,144$604$311$69
48 years$3,538$1,998$1,075$558$282$60
49 years$3,426$1,908$1,011$516$256$53
50 years$3,320$1,823$950$477$233$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $3,400,000, adding $2,759 every year, while hoping to spend $39,045 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: 68/12/20 Blend
50$3,400,000$3,400,000$3,400,000$3,400,000
51$3,749,646$3,569,446$3,516,746$3,985,835
52$4,090,566$3,702,805$3,593,013$4,277,496
53$4,464,952$3,841,390$3,670,527$4,591,620
54$4,876,175$3,985,417$3,749,288$4,934,294
55$5,327,950$4,135,108$3,829,294$5,308,331
56$5,824,371$4,290,697$3,910,545$5,716,827
57$6,369,944$4,452,429$3,993,036$6,163,189
58$6,969,638$4,620,558$4,076,763$6,651,171
59$7,628,925$4,795,349$4,161,718$7,184,906
60$8,353,833$4,977,079$4,247,893$7,768,945
61$9,151,004$5,166,036$4,335,278$8,408,299
62$10,027,757$5,362,522$4,423,860$9,108,488
63$10,992,154$5,566,852$4,513,625$9,875,591
64$12,053,079$5,779,353$4,604,557$10,716,301
65$13,220,320$6,000,368$4,696,637$11,637,995
66$14,504,661$6,230,254$4,789,842$12,648,793
67$15,917,985$6,469,385$4,884,150$13,757,641
68$17,473,383$6,718,149$4,979,533$14,974,396
69$19,185,283$6,976,953$5,075,963$16,309,912
70$21,069,580$7,246,221$5,173,405$17,776,147
71$23,143,788$7,526,397$5,271,825$19,386,275
72$25,427,206$7,817,942$5,371,183$21,154,807
73$27,941,100$8,121,340$5,471,436$23,097,732
74$30,708,900$8,437,094$5,572,538$25,232,661
75$33,756,428$8,765,731$5,674,437$27,579,000
76$37,112,132$9,107,801$5,777,079$30,158,125
77$40,807,364$9,463,877$5,880,406$32,993,590
78$44,876,668$9,834,560$5,984,352$36,111,344
79$49,358,109$10,220,475$6,088,850$39,539,976
80$54,293,635$10,622,276$6,193,824$43,310,986
81$59,729,465$11,040,648$6,299,197$47,459,081
82$65,716,534$11,476,303$6,404,883$52,022,500
83$72,310,965$11,929,986$6,510,792$57,043,376
84$79,574,606$12,402,478$6,616,826$62,568,132
85$87,575,608$12,894,591$6,722,881$68,647,921
86$96,389,070$13,407,176$6,828,848$75,339,103
87$106,097,749$13,941,122$6,934,608$82,703,780
88$116,792,838$14,497,356$7,040,037$90,810,381
89$128,574,830$15,076,848$7,145,000$99,734,304
90$141,554,462$15,680,614$7,249,357$109,558,632
91$155,853,765$16,309,711$7,352,958$120,374,910
92$171,607,210$16,965,248$7,455,643$132,284,015
93$188,962,981$17,648,381$7,557,243$145,397,100
94$208,084,374$18,360,320$7,657,579$159,836,648
95$229,151,335$19,102,331$7,756,463$175,737,624
96$252,362,160$19,875,734$7,853,694$193,248,748
97$277,935,367$20,681,912$7,949,059$212,533,900
98$306,111,758$21,522,308$8,042,336$233,773,663
99$337,156,690$22,398,435$8,133,287$257,167,026
100$371,362,584$23,311,869$8,221,663$282,933,266