Can I retire at age 51 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$240,305$238,165$236,076$234,038$232,047$225,342
2 years$118,963$116,747$114,600$112,518$110,499$103,796
3 years$78,521$76,296$74,154$72,091$70,105$63,616
4 years$58,304$56,085$53,965$51,938$49,999$43,773
5 years$46,177$43,972$41,879$39,893$38,009$32,062
6 years$38,095$35,906$33,845$31,903$30,075$24,414
7 years$32,324$30,154$28,125$26,229$24,459$19,083
8 years$27,998$25,847$23,852$22,003$20,291$15,197
9 years$24,635$22,505$20,544$18,742$17,088$12,271
10 years$21,946$19,837$17,911$16,156$14,560$10,014
11 years$19,748$17,660$15,768$14,060$12,522$8,239
12 years$17,917$15,850$13,994$12,333$10,851$6,823
13 years$16,369$14,324$12,503$10,888$9,463$5,680
14 years$15,044$13,020$11,234$9,665$8,295$4,748
15 years$13,896$11,894$10,142$8,620$7,303$3,983
16 years$12,892$10,913$9,196$7,718$6,455$3,351
17 years$12,008$10,050$8,368$6,934$5,723$2,826
18 years$11,223$9,287$7,639$6,249$5,089$2,387
19 years$10,521$8,607$6,993$5,647$4,536$2,020
20 years$9,890$7,998$6,418$5,114$4,051$1,712
21 years$9,320$7,450$5,903$4,641$3,626$1,453
22 years$8,803$6,954$5,441$4,220$3,250$1,234
23 years$8,331$6,504$5,023$3,843$2,917$1,049
24 years$7,899$6,094$4,646$3,505$2,622$892
25 years$7,502$5,719$4,303$3,201$2,359$759
26 years$7,137$5,375$3,991$2,927$2,125$647
27 years$6,799$5,058$3,706$2,679$1,916$551
28 years$6,486$4,766$3,445$2,455$1,729$469
29 years$6,195$4,497$3,206$2,251$1,561$400
30 years$5,924$4,246$2,986$2,066$1,411$341
31 years$5,670$4,014$2,784$1,897$1,275$291
32 years$5,433$3,798$2,597$1,744$1,154$248
33 years$5,211$3,597$2,425$1,604$1,044$212
34 years$5,003$3,409$2,266$1,475$945$181
35 years$4,807$3,234$2,119$1,358$856$154
36 years$4,622$3,069$1,982$1,251$776$132
37 years$4,447$2,915$1,855$1,152$703$112
38 years$4,282$2,770$1,737$1,062$637$96
39 years$4,126$2,634$1,627$979$578$82
40 years$3,978$2,506$1,525$903$524$70
41 years$3,838$2,386$1,430$834$476$60
42 years$3,705$2,272$1,342$769$432$51
43 years$3,578$2,165$1,259$710$392$43
44 years$3,457$2,064$1,182$656$356$37
45 years$3,343$1,968$1,110$606$323$32
46 years$3,233$1,877$1,042$559$293$27
47 years$3,128$1,791$979$517$266$23
48 years$3,028$1,710$920$477$242$20
49 years$2,933$1,633$865$441$219$17
50 years$2,841$1,560$813$408$199$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,910,000, adding $4,879 every year, while hoping to spend $35,736 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: 51/30/19 Blend
50$2,910,000$2,910,000$2,910,000$2,910,000
51$3,211,853$3,057,623$3,012,518$3,358,545
52$3,501,439$3,169,423$3,075,414$3,571,979
53$3,819,365$3,285,505$3,139,220$3,799,807
54$4,168,484$3,406,038$3,203,928$4,046,748
55$4,551,939$3,531,204$3,269,529$4,314,622
56$4,973,192$3,661,188$3,336,014$4,605,432
57$5,436,057$3,796,185$3,403,369$4,921,380
58$5,944,736$3,936,399$3,471,583$5,264,890
59$6,503,856$4,082,041$3,540,639$5,638,626
60$7,118,520$4,233,330$3,610,520$6,045,521
61$7,794,343$4,390,498$3,681,207$6,488,801
62$8,537,518$4,553,784$3,752,679$6,972,016
63$9,354,863$4,723,438$3,824,912$7,499,073
64$10,253,892$4,899,720$3,897,880$8,074,273
65$11,242,885$5,082,902$3,971,555$8,702,349
66$12,330,963$5,273,267$4,045,905$9,388,509
67$13,528,175$5,471,112$4,120,897$10,138,489
68$14,845,597$5,676,743$4,196,494$10,958,602
69$16,295,427$5,890,484$4,272,657$11,855,800
70$17,891,112$6,112,668$4,349,342$12,837,734
71$19,647,462$6,343,646$4,426,502$13,912,832
72$21,580,802$6,583,783$4,504,088$15,090,372
73$23,709,115$6,833,460$4,582,047$16,380,570
74$26,052,219$7,093,074$4,660,319$17,794,680
75$28,631,950$7,363,039$4,738,844$19,345,091
76$31,472,369$7,643,788$4,817,556$21,045,450
77$34,599,990$7,935,773$4,896,383$22,910,786
78$38,044,027$8,239,464$4,975,250$24,957,652
79$41,836,673$8,555,353$5,054,077$27,204,281
80$46,013,402$8,883,954$5,132,777$29,670,753
81$50,613,304$9,225,802$5,211,259$32,379,189
82$55,679,451$9,581,457$5,289,426$35,353,954
83$61,259,308$9,951,501$5,367,175$38,621,887
84$67,405,178$10,336,545$5,444,396$42,212,555
85$74,174,696$10,737,226$5,520,973$46,158,526
86$81,631,371$11,154,206$5,596,782$50,495,681
87$89,845,189$11,588,180$5,671,693$55,263,544
88$98,893,271$12,039,873$5,745,567$60,505,660
89$108,860,598$12,510,041$5,818,257$66,270,000
90$119,840,820$12,999,474$5,889,609$72,609,416
91$131,937,133$13,508,997$5,959,460$79,582,133
92$145,263,254$14,039,472$6,027,636$87,252,301
93$159,944,499$14,591,798$6,093,954$95,690,596
94$176,118,959$15,166,918$6,158,223$104,974,889
95$193,938,807$15,765,812$6,220,238$115,190,972
96$213,571,736$16,389,506$6,279,786$126,433,372
97$235,202,534$17,039,074$6,336,641$138,806,239
98$259,034,839$17,715,634$6,390,564$152,424,327
99$285,293,050$18,420,358$6,441,306$167,414,072
100$314,224,454$19,154,468$6,488,602$183,914,787