Can I retire at age 51 with 2,990,000?

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 $2,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$246,911$244,712$242,566$240,472$238,427$235,741
2 years$122,233$119,957$117,751$115,611$113,537$110,833
3 years$80,679$78,393$76,192$74,073$72,032$69,394
4 years$59,907$57,627$55,449$53,366$51,374$48,822
5 years$47,446$45,180$43,030$40,990$39,054$36,596
6 years$39,142$36,893$34,775$32,780$30,902$28,540
7 years$33,213$30,983$28,898$26,950$25,131$22,868
8 years$28,768$26,558$24,508$22,608$20,849$18,683
9 years$25,312$23,124$21,109$19,257$17,558$15,488
10 years$22,550$20,382$18,403$16,600$14,960$12,986
11 years$20,291$18,145$16,202$14,447$12,866$10,986
12 years$18,410$16,286$14,379$12,672$11,150$9,361
13 years$16,819$14,718$12,846$11,187$9,723$8,023
14 years$15,457$13,378$11,542$9,931$8,523$6,910
15 years$14,278$12,221$10,421$8,856$7,504$5,976
16 years$13,247$11,213$9,448$7,930$6,632$5,186
17 years$12,338$10,326$8,598$7,125$5,881$4,514
18 years$11,531$9,542$7,849$6,421$5,229$3,938
19 years$10,810$8,844$7,185$5,802$4,660$3,443
20 years$10,162$8,218$6,594$5,255$4,163$3,016
21 years$9,576$7,655$6,065$4,769$3,725$2,646
22 years$9,045$7,145$5,590$4,336$3,339$2,325
23 years$8,560$6,683$5,161$3,949$2,997$2,045
24 years$8,116$6,261$4,773$3,602$2,694$1,801
25 years$7,709$5,876$4,421$3,289$2,424$1,587
26 years$7,333$5,523$4,100$3,008$2,184$1,400
27 years$6,986$5,197$3,808$2,753$1,969$1,236
28 years$6,664$4,897$3,540$2,522$1,777$1,091
29 years$6,365$4,620$3,294$2,313$1,604$964
30 years$6,086$4,363$3,068$2,123$1,449$853
31 years$5,826$4,125$2,860$1,950$1,310$754
32 years$5,583$3,903$2,669$1,792$1,185$667
33 years$5,355$3,696$2,492$1,648$1,073$591
34 years$5,140$3,503$2,328$1,516$971$523
35 years$4,939$3,323$2,177$1,396$880$463
36 years$4,749$3,154$2,036$1,285$797$410
37 years$4,570$2,995$1,906$1,184$722$363
38 years$4,400$2,846$1,785$1,091$655$322
39 years$4,240$2,707$1,672$1,006$594$285
40 years$4,088$2,575$1,567$928$539$253
41 years$3,944$2,451$1,470$856$489$224
42 years$3,807$2,335$1,379$790$443$199
43 years$3,676$2,224$1,294$730$402$176
44 years$3,553$2,120$1,214$674$365$156
45 years$3,434$2,022$1,140$622$332$139
46 years$3,322$1,929$1,071$575$301$123
47 years$3,214$1,841$1,006$531$273$109
48 years$3,112$1,757$945$491$248$97
49 years$3,013$1,678$889$453$226$86
50 years$2,919$1,603$835$419$205$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,990,000, adding $4,865 every year, while hoping to spend $30,042 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: 47/42/11 Blend
50$2,990,000$2,990,000$2,990,000$2,990,000
51$3,299,998$3,141,528$3,095,183$3,444,809
52$3,604,634$3,263,499$3,166,907$3,667,154
53$3,939,335$3,390,439$3,240,027$3,904,822
54$4,307,137$3,522,560$3,314,558$4,162,080
55$4,711,384$3,660,085$3,390,515$4,440,758
56$5,155,759$3,803,242$3,467,911$4,742,868
57$5,644,320$3,952,275$3,546,760$5,070,621
58$6,181,539$4,107,435$3,627,074$5,426,444
59$6,772,341$4,268,984$3,708,866$5,813,005
60$7,422,154$4,437,199$3,792,148$6,233,240
61$8,136,957$4,612,365$3,876,928$6,690,371
62$8,923,340$4,794,784$3,963,218$7,187,946
63$9,788,560$4,984,768$4,051,026$7,729,863
64$10,740,617$5,182,645$4,140,359$8,320,410
65$11,788,322$5,388,757$4,231,223$8,964,303
66$12,941,387$5,603,462$4,323,625$9,666,729
67$14,210,510$5,827,133$4,417,568$10,433,396
68$15,607,480$6,060,161$4,513,055$11,270,581
69$17,145,287$6,302,953$4,610,086$12,185,193
70$18,838,245$6,555,936$4,708,662$13,184,833
71$20,702,124$6,819,556$4,808,781$14,277,865
72$22,754,305$7,094,278$4,910,439$15,473,496
73$25,013,935$7,380,589$5,013,630$16,781,859
74$27,502,117$7,678,998$5,118,347$18,214,105
75$30,242,101$7,990,037$5,224,580$19,782,511
76$33,259,508$8,314,262$5,332,317$21,500,590
77$36,582,572$8,652,254$5,441,543$23,383,221
78$40,242,402$9,004,622$5,552,242$25,446,782
79$44,273,279$9,372,001$5,664,395$27,709,308
80$48,712,980$9,755,056$5,777,978$30,190,653
81$53,603,131$10,154,480$5,892,967$32,912,682
82$58,989,602$10,571,001$6,009,333$35,899,469
83$64,922,940$11,005,379$6,127,045$39,177,527
84$71,458,845$11,458,408$6,246,066$42,776,050
85$78,658,696$11,930,918$6,366,358$46,727,191
86$86,590,129$12,423,780$6,487,878$51,066,360
87$95,327,679$12,937,902$6,610,578$55,832,556
88$104,953,478$13,474,234$6,734,408$61,068,733
89$115,558,033$14,033,772$6,859,310$66,822,198
90$127,241,080$14,617,555$6,985,225$73,145,063
91$140,112,526$15,226,671$7,112,087$80,094,723
92$154,293,485$15,862,259$7,239,823$87,734,401
93$169,917,420$16,525,510$7,368,356$96,133,741
94$187,131,406$17,217,668$7,497,605$105,369,457
95$206,097,514$17,940,039$7,627,479$115,526,057
96$226,994,344$18,693,984$7,757,884$126,696,635
97$250,018,710$19,480,932$7,888,716$138,983,747
98$275,387,496$20,302,375$8,019,865$152,500,371
99$303,339,704$21,159,876$8,151,214$167,370,970
100$334,138,713$22,055,068$8,282,639$183,732,666