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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.8%
1 years$289,027$286,452$283,940$281,489$279,095$270,269
2 years$143,083$140,418$137,835$135,331$132,902$124,090
3 years$94,441$91,765$89,188$86,708$84,319$75,797
4 years$70,125$67,457$64,906$62,468$60,137$51,971
5 years$55,539$52,887$50,370$47,982$45,715$37,927
6 years$45,818$43,186$40,706$38,371$36,173$28,769
7 years$38,878$36,268$33,827$31,547$29,418$22,398
8 years$33,674$31,088$28,688$26,464$24,405$17,764
9 years$29,630$27,068$24,709$22,542$20,553$14,283
10 years$26,396$23,859$21,542$19,431$17,512$11,604
11 years$23,752$21,240$18,965$16,911$15,061$9,504
12 years$21,550$19,064$16,831$14,833$13,051$7,834
13 years$19,688$17,228$15,038$13,095$11,381$6,491
14 years$18,094$15,660$13,511$11,625$9,977$5,400
15 years$16,713$14,306$12,199$10,367$8,784$4,507
16 years$15,506$13,125$11,060$9,283$7,763$3,773
17 years$14,443$12,088$10,064$8,340$6,884$3,165
18 years$13,498$11,170$9,187$7,516$6,121$2,661
19 years$12,654$10,352$8,411$6,792$5,455$2,240
20 years$11,895$9,620$7,719$6,151$4,873$1,888
21 years$11,210$8,960$7,100$5,583$4,361$1,593
22 years$10,587$8,364$6,544$5,076$3,909$1,346
23 years$10,020$7,823$6,042$4,623$3,509$1,138
24 years$9,501$7,329$5,588$4,216$3,154$962
25 years$9,024$6,878$5,175$3,850$2,838$814
26 years$8,584$6,464$4,800$3,521$2,556$690
27 years$8,177$6,084$4,457$3,223$2,305$584
28 years$7,801$5,733$4,143$2,953$2,080$495
29 years$7,451$5,408$3,856$2,708$1,878$420
30 years$7,124$5,107$3,592$2,485$1,697$356
31 years$6,820$4,828$3,348$2,282$1,534$302
32 years$6,535$4,569$3,124$2,097$1,388$256
33 years$6,268$4,326$2,917$1,929$1,256$217
34 years$6,017$4,100$2,725$1,775$1,137$184
35 years$5,781$3,889$2,548$1,634$1,030$156
36 years$5,559$3,691$2,384$1,504$933$132
37 years$5,349$3,506$2,231$1,386$846$112
38 years$5,151$3,332$2,089$1,278$767$95
39 years$4,963$3,168$1,957$1,178$695$81
40 years$4,785$3,014$1,835$1,087$631$69
41 years$4,616$2,869$1,720$1,003$572$58
42 years$4,456$2,733$1,614$925$519$49
43 years$4,304$2,604$1,514$854$471$42
44 years$4,158$2,482$1,421$789$428$36
45 years$4,020$2,367$1,335$728$388$30
46 years$3,888$2,258$1,254$673$352$26
47 years$3,763$2,155$1,178$622$320$22
48 years$3,642$2,057$1,107$574$291$19
49 years$3,527$1,964$1,040$531$264$16
50 years$3,417$1,876$978$491$240$13

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 $5,263 every year, while hoping to spend $40,071 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: 64/29/7 Blend
50$3,500,000$3,500,000$3,500,000$3,500,000
51$3,862,429$3,676,929$3,622,679$4,104,291
52$4,213,761$3,814,463$3,701,403$4,403,546
53$4,599,587$3,957,394$3,781,422$4,725,041
54$5,023,381$4,105,942$3,862,736$5,075,121
55$5,488,973$4,260,341$3,945,345$5,456,557
56$6,000,582$4,420,831$4,029,248$5,872,397
57$6,562,855$4,587,665$4,114,441$6,325,997
58$7,180,911$4,761,105$4,200,919$6,821,047
59$7,860,391$4,941,427$4,288,677$7,361,607
60$8,607,509$5,128,915$4,377,707$7,952,148
61$9,429,112$5,323,869$4,467,997$8,597,588
62$10,332,744$5,526,601$4,559,537$9,303,342
63$11,326,714$5,737,435$4,652,312$10,075,369
64$12,420,180$5,956,711$4,746,306$10,920,229
65$13,623,232$6,184,782$4,841,500$11,845,145
66$14,946,984$6,422,020$4,937,873$12,858,068
67$16,403,687$6,668,808$5,035,402$13,967,752
68$18,006,834$6,925,551$5,134,059$15,183,836
69$19,771,296$7,192,669$5,233,815$16,516,933
70$21,713,458$7,470,599$5,334,638$17,978,731
71$23,851,374$7,759,802$5,436,491$19,582,099
72$26,204,936$8,060,754$5,539,336$21,341,210
73$28,796,064$8,373,955$5,643,128$23,271,673
74$31,648,911$8,699,928$5,747,822$25,390,678
75$34,790,092$9,039,216$5,853,365$27,717,158
76$38,248,932$9,392,388$5,959,704$30,271,965
77$42,057,747$9,760,039$6,066,778$33,078,067
78$46,252,145$10,142,789$6,174,522$36,160,761
79$50,871,363$10,541,285$6,282,869$39,547,914
80$55,958,639$10,956,205$6,391,742$43,270,222
81$61,561,617$11,388,255$6,501,061$47,361,494
82$67,732,797$11,838,175$6,610,742$51,858,979
83$74,530,032$12,306,735$6,720,691$56,803,707
84$82,017,072$12,794,742$6,830,812$62,240,877
85$90,264,168$13,303,039$6,940,998$68,220,286
86$99,348,729$13,832,504$7,051,138$74,796,788
87$109,356,061$14,384,058$7,161,113$82,030,819
88$120,380,165$14,958,662$7,270,795$89,988,959
89$132,524,625$15,557,320$7,380,050$98,744,561
90$145,903,589$16,181,081$7,488,734$108,378,440
91$160,642,843$16,831,042$7,596,694$118,979,633
92$176,880,999$17,508,349$7,703,770$130,646,239
93$194,770,803$18,214,201$7,809,789$143,486,337
94$214,480,578$18,949,850$7,914,570$157,619,011
95$236,195,810$19,716,605$8,017,920$173,175,465
96$260,120,898$20,515,834$8,119,636$190,300,261
97$286,481,089$21,348,969$8,219,503$209,152,679
98$315,524,597$22,217,505$8,317,293$229,908,220
99$347,524,949$23,123,006$8,412,766$252,760,256
100$382,783,568$24,067,108$8,505,667$277,921,853