Can I retire at age 51 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$305,543$302,821$300,166$297,574$295,043$286,402
2 years$151,259$148,442$145,711$143,064$140,497$131,861
3 years$99,837$97,008$94,285$91,663$89,137$80,777
4 years$74,132$71,311$68,615$66,038$63,573$55,554
5 years$58,713$55,909$53,248$50,723$48,327$40,670
6 years$48,436$45,654$43,033$40,564$38,240$30,951
7 years$41,099$38,340$35,760$33,350$31,099$24,179
8 years$35,599$32,864$30,328$27,976$25,800$19,244
9 years$31,323$28,614$26,121$23,830$21,727$15,530
10 years$27,904$25,222$22,773$20,541$18,513$12,665
11 years$25,109$22,454$20,049$17,877$15,921$10,413
12 years$22,781$20,153$17,793$15,681$13,797$8,618
13 years$20,813$18,213$15,897$13,844$12,031$7,169
14 years$19,128$16,555$14,283$12,289$10,547$5,989
15 years$17,668$15,123$12,896$10,960$9,286$5,020
16 years$16,392$13,875$11,692$9,813$8,207$4,220
17 years$15,268$12,779$10,639$8,817$7,277$3,556
18 years$14,269$11,808$9,712$7,946$6,470$3,003
19 years$13,377$10,944$8,891$7,180$5,767$2,539
20 years$12,575$10,169$8,160$6,503$5,151$2,150
21 years$11,850$9,472$7,506$5,902$4,610$1,823
22 years$11,192$8,842$6,917$5,366$4,132$1,547
23 years$10,593$8,270$6,387$4,887$3,709$1,314
24 years$10,044$7,748$5,907$4,457$3,334$1,117
25 years$9,539$7,271$5,471$4,070$3,000$950
26 years$9,074$6,834$5,074$3,722$2,702$808
27 years$8,645$6,431$4,712$3,407$2,436$688
28 years$8,246$6,060$4,380$3,121$2,198$586
29 years$7,876$5,717$4,076$2,862$1,985$499
30 years$7,532$5,399$3,797$2,627$1,794$425
31 years$7,210$5,104$3,540$2,413$1,622$362
32 years$6,909$4,830$3,303$2,217$1,467$309
33 years$6,626$4,574$3,084$2,039$1,328$263
34 years$6,361$4,335$2,881$1,876$1,202$224
35 years$6,112$4,111$2,694$1,727$1,089$191
36 years$5,876$3,902$2,520$1,590$986$163
37 years$5,655$3,706$2,359$1,465$894$139
38 years$5,445$3,522$2,209$1,351$810$119
39 years$5,247$3,349$2,069$1,245$735$101
40 years$5,058$3,187$1,940$1,149$667$86
41 years$4,880$3,033$1,819$1,060$605$74
42 years$4,711$2,889$1,706$978$549$63
43 years$4,550$2,753$1,601$903$498$54
44 years$4,396$2,624$1,503$834$452$46
45 years$4,250$2,502$1,411$770$410$39
46 years$4,111$2,387$1,325$711$373$33
47 years$3,978$2,278$1,245$657$338$28
48 years$3,850$2,174$1,170$607$307$24
49 years$3,729$2,076$1,100$561$279$21
50 years$3,612$1,984$1,034$519$253$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $3,700,000, adding $4,211 every year, while hoping to spend $27,649 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: 81/9/10 Blend
50$3,700,000$3,700,000$3,700,000$3,700,000
51$4,081,744$3,885,644$3,828,294$4,405,551
52$4,468,663$4,046,622$3,927,123$4,779,387
53$4,894,122$4,214,561$4,028,337$5,185,559
54$5,362,021$4,389,774$4,131,985$5,630,556
55$5,876,661$4,572,586$4,238,120$6,118,251
56$6,442,776$4,763,339$4,346,793$6,652,909
57$7,065,586$4,962,390$4,458,058$7,239,228
58$7,750,841$5,170,112$4,571,967$7,882,382
59$8,504,876$5,386,896$4,688,577$8,588,067
60$9,334,670$5,613,151$4,807,942$9,362,559
61$10,247,917$5,849,305$4,930,118$10,212,771
62$11,253,089$6,095,806$5,055,161$11,146,314
63$12,359,525$6,353,121$5,183,130$12,171,574
64$13,577,514$6,621,742$5,314,083$13,297,787
65$14,918,393$6,902,180$5,448,078$14,535,129
66$16,394,656$7,194,973$5,585,174$15,894,807
67$18,020,067$7,500,683$5,725,433$17,389,169
68$19,809,793$7,819,896$5,868,916$19,031,814
69$21,780,550$8,153,229$6,015,682$20,837,727
70$23,950,755$8,501,326$6,165,796$22,823,414
71$26,340,700$8,864,859$6,319,319$25,007,062
72$28,972,750$9,244,536$6,476,314$27,408,703
73$31,871,545$9,641,093$6,636,845$30,050,412
74$35,064,240$10,055,304$6,800,977$32,956,505
75$38,580,757$10,487,978$6,968,774$36,153,774
76$42,454,067$10,939,962$7,140,301$39,671,739
77$46,720,505$11,412,142$7,315,624$43,542,920
78$51,420,106$11,905,448$7,494,807$47,803,152
79$56,596,992$12,420,849$7,677,918$52,491,915
80$62,299,779$12,959,365$7,865,022$57,652,709
81$68,582,042$13,522,059$8,056,186$63,333,462
82$75,502,818$14,110,048$8,251,476$69,586,986
83$83,127,163$14,724,498$8,450,958$76,471,469
84$91,526,768$15,366,632$8,654,699$84,051,023
85$100,780,632$16,037,732$8,862,766$92,396,296
86$110,975,812$16,739,136$9,075,224$101,585,128
87$122,208,240$17,472,249$9,292,139$111,703,290
88$134,583,633$18,238,541$9,513,578$122,845,291
89$148,218,485$19,039,551$9,739,604$135,115,272
90$163,241,172$19,876,891$9,970,283$148,627,981
91$179,793,162$20,752,249$10,205,678$163,509,861
92$198,030,349$21,667,394$10,445,852$179,900,241
93$218,124,525$22,624,176$10,690,869$197,952,646
94$240,265,002$23,624,536$10,940,788$217,836,251
95$264,660,399$24,670,505$11,195,671$239,737,470
96$291,540,610$25,764,210$11,455,576$263,861,719
97$321,158,975$26,907,879$11,720,561$290,435,352
98$353,794,671$28,103,846$11,990,681$319,707,794
99$389,755,350$29,354,557$12,265,990$351,953,896
100$429,380,036$30,662,571$12,546,542$387,476,528