Can I retire at age 51 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$239,479$237,346$235,265$233,234$231,250$225,112
2 years$118,554$116,346$114,206$112,132$110,119$103,978
3 years$78,251$76,033$73,899$71,844$69,864$63,912
4 years$58,103$55,893$53,780$51,759$49,828$44,110
5 years$46,018$43,821$41,735$39,756$37,878$32,411
6 years$37,964$35,783$33,728$31,793$29,972$24,761
7 years$32,213$30,050$28,028$26,139$24,375$19,420
8 years$27,902$25,759$23,770$21,927$20,221$15,521
9 years$24,550$22,428$20,473$18,677$17,029$12,578
10 years$21,871$19,769$17,849$16,100$14,510$10,302
11 years$19,680$17,599$15,714$14,012$12,479$8,509
12 years$17,855$15,796$13,946$12,290$10,814$7,074
13 years$16,313$14,275$12,460$10,850$9,430$5,913
14 years$14,992$12,975$11,195$9,632$8,266$4,964
15 years$13,848$11,853$10,108$8,590$7,278$4,181
16 years$12,848$10,875$9,164$7,691$6,433$3,533
17 years$11,967$10,016$8,339$6,911$5,704$2,992
18 years$11,184$9,255$7,612$6,228$5,071$2,539
19 years$10,485$8,577$6,969$5,627$4,520$2,159
20 years$9,856$7,970$6,396$5,097$4,038$1,838
21 years$9,288$7,424$5,883$4,626$3,613$1,567
22 years$8,772$6,930$5,422$4,206$3,239$1,337
23 years$8,302$6,482$5,006$3,830$2,907$1,142
24 years$7,872$6,073$4,630$3,493$2,613$976
25 years$7,477$5,699$4,288$3,190$2,351$834
26 years$7,112$5,356$3,977$2,917$2,118$714
27 years$6,776$5,041$3,693$2,670$1,910$611
28 years$6,463$4,750$3,433$2,446$1,723$523
29 years$6,173$4,481$3,195$2,243$1,556$448
30 years$5,903$4,232$2,976$2,059$1,406$384
31 years$5,651$4,001$2,774$1,891$1,271$329
32 years$5,415$3,785$2,588$1,738$1,150$282
33 years$5,193$3,585$2,417$1,598$1,040$242
34 years$4,986$3,398$2,258$1,470$942$208
35 years$4,790$3,223$2,111$1,354$853$178
36 years$4,606$3,059$1,975$1,247$773$153
37 years$4,432$2,905$1,849$1,149$701$131
38 years$4,268$2,761$1,731$1,059$635$112
39 years$4,112$2,625$1,622$976$576$96
40 years$3,965$2,498$1,520$900$522$83
41 years$3,825$2,378$1,425$831$474$71
42 years$3,692$2,264$1,337$767$430$61
43 years$3,566$2,157$1,255$708$390$52
44 years$3,446$2,056$1,178$653$354$45
45 years$3,331$1,961$1,106$603$322$39
46 years$3,222$1,871$1,039$557$292$33
47 years$3,118$1,785$976$515$265$28
48 years$3,018$1,704$917$476$241$24
49 years$2,923$1,628$862$440$219$21
50 years$2,831$1,555$810$406$199$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,900,000, adding $3,920 every year, while hoping to spend $54,604 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: 57/23/20 Blend
50$2,900,000$2,900,000$2,900,000$2,900,000
51$3,199,843$3,046,143$3,001,193$3,364,932
52$3,468,129$3,137,306$3,043,635$3,568,950
53$3,761,950$3,231,106$3,085,669$3,784,969
54$4,083,853$3,327,614$3,127,223$4,019,187
55$4,436,643$3,426,904$3,168,221$4,273,366
56$4,823,408$3,529,050$3,208,585$4,549,450
57$5,247,552$3,634,130$3,248,229$4,849,577
58$5,712,822$3,742,222$3,287,064$5,176,100
59$6,223,345$3,853,406$3,324,995$5,531,614
60$6,783,667$3,967,764$3,361,924$5,918,972
61$7,398,797$4,085,380$3,397,744$6,341,319
62$8,074,250$4,206,340$3,432,344$6,802,118
63$8,816,105$4,330,731$3,465,609$7,305,184
64$9,631,054$4,458,643$3,497,413$7,854,718
65$10,526,473$4,590,168$3,527,628$8,455,347
66$11,510,485$4,725,399$3,556,116$9,112,168
67$12,592,042$4,864,431$3,582,733$9,830,799
68$13,781,004$5,007,361$3,607,328$10,617,423
69$15,088,233$5,154,289$3,629,740$11,478,857
70$16,525,699$5,305,315$3,649,803$12,422,608
71$18,106,589$5,460,544$3,667,340$13,456,949
72$19,845,430$5,620,080$3,682,165$14,590,991
73$21,758,231$5,784,030$3,694,084$15,834,776
74$23,862,626$5,952,504$3,702,892$17,199,367
75$26,178,049$6,125,612$3,708,374$18,696,951
76$28,725,911$6,303,467$3,710,305$20,340,959
77$31,529,802$6,486,185$3,708,448$22,146,189
78$34,615,716$6,673,883$3,702,556$24,128,946
79$38,012,294$6,866,678$3,692,366$26,307,194
80$41,751,096$7,064,693$3,677,608$28,700,731
81$45,866,894$7,268,049$3,657,994$31,331,370
82$50,398,004$7,476,871$3,633,224$34,223,146
83$55,386,648$7,691,284$3,602,984$37,402,547
84$60,879,346$7,911,418$3,566,945$40,898,757
85$66,927,363$8,137,401$3,524,761$44,743,938
86$73,587,184$8,369,364$3,476,071$48,973,527
87$80,921,054$8,607,440$3,420,496$53,626,577
88$88,997,560$8,851,763$3,357,641$58,746,122
89$97,892,280$9,102,468$3,287,091$64,379,582
90$107,688,497$9,359,693$3,208,412$70,579,213
91$118,477,980$9,623,574$3,121,151$77,402,602
92$130,361,856$9,894,251$3,024,831$84,913,204
93$143,451,559$10,171,864$2,918,958$93,180,947
94$157,869,886$10,456,553$2,803,010$102,282,892
95$173,752,149$10,748,459$2,676,446$112,303,957
96$191,247,459$11,047,723$2,538,697$123,337,720
97$210,520,126$11,354,489$2,389,170$135,487,304
98$231,751,217$11,668,896$2,227,245$148,866,351
99$255,140,257$11,991,088$2,052,274$163,600,092
100$280,907,117$12,321,206$1,863,579$179,826,530