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

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$247,737$245,530$243,378$241,276$239,224$234,107
2 years$122,642$120,358$118,144$115,998$113,916$108,786
3 years$80,949$78,655$76,447$74,321$72,273$67,289
4 years$60,107$57,820$55,634$53,544$51,546$46,747
5 years$47,605$45,332$43,174$41,127$39,184$34,585
6 years$39,273$37,017$34,891$32,890$31,005$26,609
7 years$33,324$31,087$28,995$27,040$25,216$21,024
8 years$28,864$26,647$24,590$22,684$20,919$16,930
9 years$25,397$23,201$21,179$19,321$17,617$13,828
10 years$22,625$20,450$18,465$16,655$15,010$11,418
11 years$20,359$18,206$16,256$14,495$12,909$9,509
12 years$18,471$16,341$14,427$12,714$11,187$7,973
13 years$16,875$14,767$12,889$11,225$9,755$6,722
14 years$15,509$13,423$11,581$9,964$8,551$5,694
15 years$14,326$12,262$10,456$8,886$7,529$4,840
16 years$13,291$11,250$9,480$7,957$6,654$4,127
17 years$12,379$10,361$8,626$7,149$5,900$3,529
18 years$11,570$9,574$7,875$6,443$5,246$3,024
19 years$10,846$8,873$7,209$5,821$4,676$2,596
20 years$10,196$8,245$6,616$5,272$4,177$2,232
21 years$9,608$7,680$6,086$4,785$3,738$1,921
22 years$9,075$7,169$5,609$4,351$3,350$1,656
23 years$8,589$6,705$5,179$3,962$3,007$1,429
24 years$8,143$6,282$4,789$3,614$2,703$1,234
25 years$7,734$5,896$4,436$3,300$2,432$1,066
26 years$7,358$5,541$4,114$3,018$2,191$922
27 years$7,009$5,215$3,820$2,762$1,975$797
28 years$6,686$4,914$3,551$2,531$1,782$690
29 years$6,386$4,636$3,305$2,321$1,610$598
30 years$6,107$4,378$3,078$2,130$1,454$518
31 years$5,846$4,139$2,870$1,956$1,315$448
32 years$5,601$3,916$2,678$1,798$1,189$389
33 years$5,373$3,708$2,500$1,653$1,076$337
34 years$5,158$3,515$2,336$1,521$975$292
35 years$4,955$3,334$2,184$1,400$883$253
36 years$4,765$3,164$2,043$1,290$800$220
37 years$4,585$3,005$1,912$1,188$725$190
38 years$4,415$2,856$1,791$1,095$657$165
39 years$4,254$2,716$1,678$1,010$596$143
40 years$4,101$2,584$1,573$931$541$124
41 years$3,957$2,460$1,475$859$490$108
42 years$3,819$2,342$1,383$793$445$94
43 years$3,689$2,232$1,298$732$404$81
44 years$3,564$2,127$1,218$676$367$71
45 years$3,446$2,029$1,144$624$333$61
46 years$3,333$1,935$1,074$577$302$53
47 years$3,225$1,847$1,009$533$274$46
48 years$3,122$1,763$949$492$249$40
49 years$3,023$1,684$892$455$226$35
50 years$2,929$1,608$838$421$206$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $3,000,000, adding $4,171 every year, while hoping to spend $20,960 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: 37/33/30 Blend
50$3,000,000$3,000,000$3,000,000$3,000,000
51$3,310,302$3,151,302$3,104,802$3,402,998
52$3,625,652$3,283,415$3,186,512$3,604,348
53$3,972,465$3,421,298$3,270,256$3,819,498
54$4,353,928$3,565,214$3,356,082$4,051,511
55$4,773,552$3,715,433$3,444,034$4,301,928
56$5,235,208$3,872,243$3,534,163$4,572,440
57$5,743,157$4,035,941$3,626,515$4,864,903
58$6,302,097$4,206,839$3,721,141$5,181,356
59$6,917,202$4,385,266$3,818,091$5,524,039
60$7,594,175$4,571,562$3,917,415$5,895,409
61$8,339,299$4,766,087$4,019,167$6,298,171
62$9,159,498$4,969,215$4,123,399$6,735,292
63$10,062,398$5,181,338$4,230,164$7,210,035
64$11,056,406$5,402,868$4,339,518$7,725,987
65$12,150,784$5,634,232$4,451,516$8,287,090
66$13,355,737$5,875,883$4,566,215$8,897,679
67$14,682,511$6,128,290$4,683,672$9,562,521
68$16,143,497$6,391,946$4,803,945$10,286,855
69$17,752,349$6,667,367$4,927,093$11,076,447
70$19,524,115$6,955,094$5,053,177$11,937,638
71$21,475,373$7,255,692$5,182,257$12,877,401
72$23,624,393$7,569,753$5,314,394$13,903,411
73$25,991,307$7,897,896$5,449,652$15,024,110
74$28,598,298$8,240,771$5,588,093$16,248,788
75$31,469,813$8,599,058$5,729,783$17,587,667
76$34,632,789$8,973,466$5,874,785$19,051,998
77$38,116,909$9,364,742$6,023,167$20,654,161
78$41,954,884$9,773,665$6,174,993$22,407,786
79$46,182,760$10,201,052$6,330,333$24,327,872
80$50,840,256$10,647,758$6,489,253$26,430,932
81$55,971,142$11,114,678$6,651,824$28,735,146
82$61,623,652$11,602,751$6,818,113$31,260,525
83$67,850,936$12,112,958$6,988,192$34,029,103
84$74,711,567$12,646,327$7,162,131$37,065,140
85$82,270,086$13,203,937$7,340,002$40,395,349
86$90,597,620$13,786,915$7,521,877$44,049,142
87$99,772,545$14,396,442$7,707,828$48,058,909
88$109,881,233$15,033,756$7,897,929$52,460,318
89$121,018,861$15,700,152$8,092,252$57,292,649
90$133,290,315$16,396,989$8,290,872$62,599,159
91$146,811,174$17,125,689$8,493,863$68,427,491
92$161,708,805$17,887,739$8,701,300$74,830,117
93$178,123,567$18,684,702$8,913,256$81,864,829
94$196,210,128$19,518,210$9,129,808$89,595,281
95$216,138,935$20,389,976$9,351,030$98,091,587
96$238,097,814$21,301,792$9,576,997$107,430,975
97$262,293,749$22,255,538$9,807,785$117,698,516
98$288,954,833$23,253,181$10,043,467$128,987,915
99$318,332,422$24,296,783$10,284,119$141,402,398
100$350,703,507$25,388,503$10,529,816$155,055,676