Can I retire at age 51 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$289,027$286,452$283,940$281,489$279,095$276,526
2 years$143,083$140,418$137,835$135,331$132,902$130,314
3 years$94,441$91,765$89,188$86,708$84,319$81,791
4 years$70,125$67,457$64,906$62,468$60,137$57,689
5 years$55,539$52,887$50,370$47,982$45,715$43,355
6 years$45,818$43,186$40,706$38,371$36,173$33,903
7 years$38,878$36,268$33,827$31,547$29,418$27,240
8 years$33,674$31,088$28,688$26,464$24,405$22,319
9 years$29,630$27,068$24,709$22,542$20,553$18,557
10 years$26,396$23,859$21,542$19,431$17,512$15,606
11 years$23,752$21,240$18,965$16,911$15,061$13,243
12 years$21,550$19,064$16,831$14,833$13,051$11,320
13 years$19,688$17,228$15,038$13,095$11,381$9,734
14 years$18,094$15,660$13,511$11,625$9,977$8,411
15 years$16,713$14,306$12,199$10,367$8,784$7,299
16 years$15,506$13,125$11,060$9,283$7,763$6,356
17 years$14,443$12,088$10,064$8,340$6,884$5,551
18 years$13,498$11,170$9,187$7,516$6,121$4,860
19 years$12,654$10,352$8,411$6,792$5,455$4,265
20 years$11,895$9,620$7,719$6,151$4,873$3,750
21 years$11,210$8,960$7,100$5,583$4,361$3,302
22 years$10,587$8,364$6,544$5,076$3,909$2,912
23 years$10,020$7,823$6,042$4,623$3,509$2,571
24 years$9,501$7,329$5,588$4,216$3,154$2,273
25 years$9,024$6,878$5,175$3,850$2,838$2,011
26 years$8,584$6,464$4,800$3,521$2,556$1,781
27 years$8,177$6,084$4,457$3,223$2,305$1,578
28 years$7,801$5,733$4,143$2,953$2,080$1,399
29 years$7,451$5,408$3,856$2,708$1,878$1,242
30 years$7,124$5,107$3,592$2,485$1,697$1,102
31 years$6,820$4,828$3,348$2,282$1,534$979
32 years$6,535$4,569$3,124$2,097$1,388$870
33 years$6,268$4,326$2,917$1,929$1,256$773
34 years$6,017$4,100$2,725$1,775$1,137$687
35 years$5,781$3,889$2,548$1,634$1,030$611
36 years$5,559$3,691$2,384$1,504$933$544
37 years$5,349$3,506$2,231$1,386$846$484
38 years$5,151$3,332$2,089$1,278$767$430
39 years$4,963$3,168$1,957$1,178$695$383
40 years$4,785$3,014$1,835$1,087$631$341
41 years$4,616$2,869$1,720$1,003$572$304
42 years$4,456$2,733$1,614$925$519$270
43 years$4,304$2,604$1,514$854$471$241
44 years$4,158$2,482$1,421$789$428$214
45 years$4,020$2,367$1,335$728$388$191
46 years$3,888$2,258$1,254$673$352$170
47 years$3,763$2,155$1,178$622$320$151
48 years$3,642$2,057$1,107$574$291$135
49 years$3,527$1,964$1,040$531$264$120
50 years$3,417$1,876$978$491$240$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $3,500,000, adding $6,309 every year, while hoping to spend $32,534 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: 39/49/12 Blend
50$3,500,000$3,500,000$3,500,000$3,500,000
51$3,863,508$3,678,008$3,623,758$3,999,968
52$4,222,970$3,823,614$3,710,538$4,242,852
53$4,618,006$3,975,265$3,799,134$4,501,643
54$5,052,212$4,133,222$3,889,574$4,780,739
55$5,529,546$4,297,758$3,981,884$5,081,989
56$6,054,372$4,469,161$4,076,089$5,407,415
57$6,631,495$4,647,727$4,172,216$5,759,241
58$7,266,212$4,833,770$4,270,289$6,139,907
59$7,964,357$5,027,616$4,370,335$6,552,091
60$8,732,357$5,229,605$4,472,377$6,998,734
61$9,577,296$5,440,094$4,576,440$7,483,066
62$10,506,978$5,659,456$4,682,548$8,008,636
63$11,529,999$5,888,080$4,790,724$8,579,342
64$12,655,836$6,126,372$4,900,989$9,199,468
65$13,894,926$6,374,759$5,013,367$9,873,722
66$15,258,771$6,633,685$5,127,877$10,607,278
67$16,760,045$6,903,614$5,244,541$11,405,825
68$18,412,712$7,185,035$5,363,376$12,275,616
69$20,232,161$7,478,453$5,484,401$13,223,530
70$22,235,346$7,784,402$5,607,633$14,257,128
71$24,440,950$8,103,437$5,733,088$15,384,728
72$26,869,561$8,436,139$5,860,780$16,615,478
73$29,543,862$8,783,115$5,990,722$17,959,442
74$32,488,850$9,145,002$6,122,925$19,427,690
75$35,732,070$9,522,465$6,257,400$21,032,404
76$39,303,873$9,916,197$6,394,155$22,786,987
77$43,237,705$10,326,928$6,533,196$24,706,189
78$47,570,419$10,755,416$6,674,527$26,806,238
79$52,342,629$11,202,458$6,818,150$29,105,000
80$57,599,085$11,668,886$6,964,066$31,622,136
81$63,389,100$12,155,570$7,112,271$34,379,286
82$69,767,017$12,663,422$7,262,761$37,400,273
83$76,792,717$13,193,393$7,415,527$40,711,323
84$84,532,186$13,746,482$7,570,559$44,341,305
85$93,058,139$14,323,729$7,727,843$48,322,006
86$102,450,705$14,926,228$7,887,362$52,688,423
87$112,798,182$15,555,119$8,049,094$57,479,088
88$124,197,874$16,211,597$8,213,016$62,736,433
89$136,757,005$16,896,912$8,379,099$68,507,178
90$150,593,731$17,612,373$8,547,311$74,842,775
91$165,838,260$18,359,348$8,717,614$81,799,882
92$182,634,076$19,139,269$8,889,968$89,440,899
93$201,139,295$19,953,637$9,064,325$97,834,544
94$221,528,158$20,804,019$9,240,634$107,056,504
95$243,992,673$21,692,059$9,418,839$117,190,138
96$268,744,431$22,619,476$9,598,875$128,327,259
97$296,016,600$23,588,067$9,780,675$140,568,993
98$326,066,128$24,599,717$9,964,162$154,026,732
99$359,176,166$25,656,397$10,149,255$168,823,172
100$395,658,745$26,760,170$10,335,864$185,093,465