Can I retire at age 51 with 2,920,000?

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 $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$241,131$238,983$236,887$234,842$232,845$223,606
2 years$119,372$117,149$114,994$112,905$110,879$101,686
3 years$78,791$76,558$74,409$72,339$70,346$61,488
4 years$58,504$56,278$54,150$52,116$50,171$41,715
5 years$46,335$44,123$42,023$40,030$38,139$30,107
6 years$38,225$36,030$33,961$32,013$30,178$22,575
7 years$32,435$30,258$28,222$26,319$24,543$17,366
8 years$28,094$25,936$23,934$22,079$20,361$13,603
9 years$24,720$22,582$20,614$18,806$17,147$10,797
10 years$22,022$19,905$17,972$16,211$14,610$8,657
11 years$19,816$17,720$15,822$14,108$12,565$6,994
12 years$17,979$15,905$14,042$12,375$10,889$5,685
13 years$16,425$14,373$12,546$10,925$9,495$4,643
14 years$15,095$13,065$11,272$9,698$8,323$3,806
15 years$13,944$11,935$10,177$8,649$7,329$3,130
16 years$12,937$10,950$9,227$7,744$6,477$2,581
17 years$12,049$10,085$8,396$6,958$5,743$2,132
18 years$11,261$9,319$7,665$6,271$5,106$1,764
19 years$10,557$8,637$7,017$5,666$4,551$1,462
20 years$9,924$8,025$6,440$5,132$4,065$1,212
21 years$9,352$7,475$5,923$4,657$3,638$1,007
22 years$8,833$6,978$5,459$4,235$3,261$836
23 years$8,360$6,526$5,041$3,857$2,927$695
24 years$7,926$6,115$4,662$3,517$2,631$578
25 years$7,528$5,738$4,318$3,212$2,368$481
26 years$7,161$5,393$4,004$2,937$2,133$401
27 years$6,822$5,076$3,718$2,688$1,923$334
28 years$6,508$4,783$3,457$2,463$1,735$278
29 years$6,216$4,512$3,217$2,259$1,567$232
30 years$5,944$4,261$2,996$2,073$1,416$193
31 years$5,690$4,028$2,793$1,904$1,280$161
32 years$5,452$3,811$2,606$1,750$1,158$134
33 years$5,229$3,609$2,434$1,609$1,048$112
34 years$5,020$3,421$2,274$1,480$949$93
35 years$4,823$3,245$2,126$1,363$859$78
36 years$4,638$3,080$1,989$1,255$778$65
37 years$4,463$2,925$1,861$1,156$706$54
38 years$4,297$2,780$1,743$1,066$640$45
39 years$4,140$2,643$1,633$983$580$38
40 years$3,992$2,515$1,531$907$526$31
41 years$3,851$2,394$1,435$836$477$26
42 years$3,718$2,280$1,346$772$433$22
43 years$3,590$2,172$1,263$713$393$18
44 years$3,469$2,071$1,186$658$357$15
45 years$3,354$1,975$1,113$608$324$13
46 years$3,244$1,884$1,046$561$294$11
47 years$3,139$1,798$983$519$267$9
48 years$3,039$1,716$923$479$243$7
49 years$2,943$1,639$868$443$220$6
50 years$2,851$1,565$816$409$200$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,920,000, adding $6,635 every year, while hoping to spend $54,235 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: 54/17/29 Blend
50$2,920,000$2,920,000$2,920,000$2,920,000
51$3,224,684$3,069,924$3,024,664$3,372,441
52$3,495,896$3,162,645$3,068,285$3,568,163
53$3,792,954$3,258,091$3,111,549$3,775,057
54$4,118,437$3,356,339$3,154,387$3,999,243
55$4,475,185$3,457,467$3,196,727$4,242,402
56$4,866,327$3,561,556$3,238,490$4,506,387
57$5,295,307$3,668,687$3,279,594$4,793,239
58$5,765,921$3,778,945$3,319,953$5,105,206
59$6,282,347$3,892,416$3,359,474$5,444,761
60$6,849,191$4,009,188$3,398,061$5,814,633
61$7,471,523$4,129,353$3,435,610$6,217,824
62$8,154,930$4,253,003$3,472,015$6,657,643
63$8,905,566$4,380,233$3,507,160$7,137,735
64$9,730,210$4,511,141$3,540,926$7,662,116
65$10,636,330$4,645,826$3,573,186$8,235,210
66$11,632,154$4,784,390$3,603,807$8,861,892
67$12,726,747$4,926,937$3,632,647$9,547,531
68$13,930,093$5,073,575$3,659,558$10,298,046
69$15,253,195$5,224,413$3,684,386$11,119,956
70$16,708,173$5,379,562$3,706,965$12,020,445
71$18,308,383$5,539,136$3,727,125$13,007,429
72$20,068,537$5,703,253$3,744,683$14,089,630
73$22,004,847$5,872,032$3,759,449$15,276,661
74$24,135,175$6,045,594$3,771,223$16,579,111
75$26,479,199$6,224,065$3,779,796$18,008,652
76$29,058,604$6,407,571$3,784,946$19,578,144
77$31,897,283$6,596,243$3,786,442$21,301,759
78$35,021,559$6,790,212$3,784,042$23,195,113
79$38,460,441$6,989,615$3,777,490$25,275,416
80$42,245,888$7,194,589$3,766,518$27,561,632
81$46,413,120$7,405,275$3,750,848$30,074,660
82$51,000,941$7,621,817$3,730,184$32,837,530
83$56,052,111$7,844,360$3,704,219$35,875,622
84$61,613,746$8,073,053$3,672,630$39,216,902
85$67,737,764$8,308,048$3,635,079$42,892,194
86$74,481,374$8,549,500$3,591,212$46,935,461
87$81,907,613$8,797,565$3,540,657$51,384,135
88$90,085,948$9,052,404$3,483,027$56,279,464
89$99,092,920$9,314,177$3,417,914$61,666,906
90$109,012,877$9,583,051$3,344,894$67,596,556
91$119,938,763$9,859,194$3,263,520$74,123,620
92$131,972,997$10,142,774$3,173,328$81,308,936
93$145,228,437$10,433,964$3,073,829$89,219,549
94$159,829,450$10,732,940$2,964,514$97,929,347
95$175,913,078$11,039,879$2,844,850$107,519,753
96$193,630,339$11,354,960$2,714,279$118,080,499
97$213,147,646$11,678,365$2,572,220$129,710,474
98$234,648,379$12,010,278$2,418,062$142,518,653
99$258,334,616$12,350,884$2,251,170$156,625,133
100$284,429,040$12,700,371$2,070,877$172,162,262