Can I retire at age 51 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$264,253$261,899$259,603$257,361$255,172$246,315
2 years$130,818$128,382$126,021$123,731$121,511$112,678
3 years$86,346$83,899$81,544$79,276$77,091$68,562
4 years$64,114$61,675$59,343$57,114$54,982$46,821
5 years$50,778$48,354$46,053$43,869$41,797$34,025
6 years$41,891$39,484$37,217$35,082$33,072$25,696
7 years$35,545$33,159$30,928$28,843$26,897$19,914
8 years$30,788$28,423$26,229$24,196$22,313$15,719
9 years$27,090$24,748$22,591$20,609$18,791$12,577
10 years$24,133$21,814$19,696$17,766$16,011$10,167
11 years$21,716$19,420$17,340$15,461$13,770$8,284
12 years$19,703$17,430$15,388$13,562$11,933$6,792
13 years$18,000$15,752$13,749$11,973$10,406$5,597
14 years$16,543$14,318$12,353$10,628$9,121$4,631
15 years$15,281$13,080$11,153$9,478$8,031$3,843
16 years$14,177$12,000$10,112$8,487$7,098$3,199
17 years$13,205$11,052$9,202$7,625$6,294$2,668
18 years$12,341$10,212$8,400$6,872$5,596$2,229
19 years$11,569$9,465$7,690$6,210$4,988$1,865
20 years$10,876$8,795$7,057$5,624$4,455$1,563
21 years$10,249$8,192$6,491$5,104$3,987$1,311
22 years$9,680$7,647$5,983$4,641$3,574$1,100
23 years$9,161$7,152$5,524$4,226$3,208$924
24 years$8,686$6,701$5,109$3,855$2,883$777
25 years$8,250$6,289$4,732$3,520$2,595$653
26 years$7,848$5,910$4,388$3,219$2,337$550
27 years$7,477$5,562$4,075$2,946$2,107$462
28 years$7,132$5,241$3,788$2,699$1,901$389
29 years$6,812$4,945$3,525$2,475$1,717$328
30 years$6,514$4,670$3,284$2,272$1,551$276
31 years$6,235$4,414$3,061$2,087$1,402$233
32 years$5,975$4,177$2,856$1,918$1,269$196
33 years$5,731$3,956$2,667$1,763$1,148$165
34 years$5,501$3,749$2,492$1,622$1,039$139
35 years$5,286$3,556$2,330$1,494$942$117
36 years$5,082$3,375$2,179$1,376$853$99
37 years$4,890$3,206$2,040$1,267$773$83
38 years$4,709$3,046$1,910$1,168$701$70
39 years$4,538$2,897$1,790$1,077$636$59
40 years$4,375$2,756$1,677$993$577$50
41 years$4,221$2,624$1,573$917$523$42
42 years$4,074$2,499$1,475$846$475$35
43 years$3,935$2,381$1,384$781$431$30
44 years$3,802$2,269$1,300$721$391$25
45 years$3,676$2,164$1,220$666$355$21
46 years$3,555$2,064$1,146$615$322$18
47 years$3,440$1,970$1,077$568$293$15
48 years$3,330$1,881$1,012$525$266$13
49 years$3,225$1,796$951$485$241$11
50 years$3,124$1,715$894$449$219$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $3,200,000, adding $6,807 every year, while hoping to spend $49,625 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: 70/22/8 Blend
50$3,200,000$3,200,000$3,200,000$3,200,000
51$3,533,421$3,363,821$3,314,221$3,775,408
52$3,841,030$3,475,848$3,372,447$4,048,441
53$4,178,351$3,591,701$3,430,960$4,340,366
54$4,548,363$3,711,515$3,489,718$4,658,448
55$4,954,347$3,835,430$3,548,675$5,005,246
56$5,399,916$3,963,591$3,607,781$5,383,577
57$5,889,050$4,096,150$3,666,984$5,796,541
58$6,426,134$4,233,262$3,726,228$6,247,553
59$7,015,997$4,375,089$3,785,454$6,740,371
60$7,663,959$4,521,798$3,844,597$7,279,132
61$8,375,881$4,673,565$3,903,590$7,868,392
62$9,158,221$4,830,570$3,962,361$8,513,169
63$10,018,092$4,993,000$4,020,832$9,218,986
64$10,963,330$5,161,050$4,078,922$9,991,926
65$12,002,570$5,334,921$4,136,546$10,838,691
66$13,145,322$5,514,823$4,193,611$11,766,657
67$14,402,068$5,700,972$4,250,020$12,783,952
68$15,784,354$5,893,594$4,305,670$13,899,527
69$17,304,900$6,092,923$4,360,453$15,123,239
70$18,977,725$6,299,201$4,414,252$16,465,948
71$20,818,271$6,512,680$4,466,948$17,939,615
72$22,843,555$6,733,621$4,518,411$19,557,417
73$25,072,324$6,962,296$4,568,505$21,333,868
74$27,525,239$7,198,986$4,617,087$23,284,956
75$30,225,060$7,443,982$4,664,005$25,428,297
76$33,196,868$7,697,590$4,709,102$27,783,294
77$36,468,300$7,960,123$4,752,208$30,371,325
78$40,069,806$8,231,909$4,793,147$33,215,941
79$44,034,940$8,513,287$4,831,732$36,343,089
80$48,400,676$8,804,610$4,867,766$39,781,354
81$53,207,754$9,106,244$4,901,045$43,562,233
82$58,501,064$9,418,570$4,931,350$47,720,424
83$64,330,076$9,741,982$4,958,453$52,294,159
84$70,749,296$10,076,892$4,982,114$57,325,561
85$77,818,790$10,423,725$5,002,080$62,861,043
86$85,604,743$10,782,925$5,018,087$68,951,740
87$94,180,090$11,154,951$5,029,856$75,653,996
88$103,625,198$11,540,282$5,037,094$83,029,895
89$114,028,626$11,939,414$5,039,495$91,147,842
90$125,487,965$12,352,865$5,036,737$100,083,208
91$138,110,751$12,781,169$5,028,482$109,919,046
92$152,015,487$13,224,885$5,014,375$120,746,866
93$167,332,755$13,684,593$4,994,044$132,667,505
94$184,206,452$14,160,894$4,967,101$145,792,072
95$202,795,148$14,654,415$4,933,137$160,242,998
96$223,273,579$15,165,808$4,891,723$176,155,190
97$245,834,300$15,695,749$4,842,412$193,677,306
98$270,689,500$16,244,941$4,784,734$212,973,150
99$298,073,003$16,814,117$4,718,196$234,223,225
100$328,242,478$17,404,038$4,642,285$257,626,430