Can I retire at age 51 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$272,511$270,084$267,715$265,404$263,147$256,889
2 years$134,906$132,394$129,959$127,598$125,308$119,041
3 years$89,044$86,521$84,092$81,753$79,500$73,419
4 years$66,118$63,602$61,197$58,899$56,700$50,851
5 years$52,365$49,865$47,492$45,240$43,103$37,502
6 years$43,200$40,718$38,380$36,179$34,106$28,760
7 years$36,656$34,195$31,894$29,744$27,737$22,646
8 years$31,750$29,312$27,049$24,952$23,011$18,173
9 years$27,937$25,521$23,297$21,253$19,378$14,790
10 years$24,887$22,496$20,311$18,321$16,511$12,167
11 years$22,394$20,026$17,881$15,944$14,200$10,094
12 years$20,318$17,975$15,869$13,985$12,306$8,431
13 years$18,563$16,244$14,178$12,347$10,731$7,080
14 years$17,060$14,765$12,739$10,960$9,406$5,972
15 years$15,758$13,488$11,502$9,775$8,282$5,055
16 years$14,620$12,375$10,428$8,752$7,320$4,293
17 years$13,617$11,397$9,489$7,864$6,490$3,654
18 years$12,727$10,531$8,662$7,087$5,771$3,117
19 years$11,931$9,760$7,930$6,404$5,144$2,664
20 years$11,216$9,070$7,278$5,800$4,594$2,280
21 years$10,569$8,448$6,694$5,264$4,112$1,954
22 years$9,982$7,886$6,170$4,786$3,685$1,676
23 years$9,447$7,376$5,697$4,359$3,308$1,440
24 years$8,958$6,911$5,268$3,975$2,973$1,237
25 years$8,508$6,485$4,880$3,630$2,676$1,064
26 years$8,093$6,095$4,526$3,319$2,410$916
27 years$7,710$5,736$4,202$3,038$2,173$788
28 years$7,355$5,405$3,907$2,784$1,961$679
29 years$7,025$5,099$3,635$2,553$1,770$585
30 years$6,717$4,816$3,386$2,343$1,600$504
31 years$6,430$4,552$3,157$2,152$1,446$435
32 years$6,162$4,307$2,945$1,977$1,308$375
33 years$5,910$4,079$2,750$1,818$1,184$323
34 years$5,673$3,866$2,570$1,673$1,072$279
35 years$5,451$3,667$2,402$1,540$971$241
36 years$5,241$3,481$2,247$1,418$880$208
37 years$5,043$3,306$2,104$1,307$797$179
38 years$4,856$3,142$1,970$1,205$723$155
39 years$4,679$2,987$1,846$1,111$655$133
40 years$4,512$2,842$1,730$1,025$595$115
41 years$4,353$2,706$1,622$945$539$99
42 years$4,201$2,577$1,522$872$489$86
43 years$4,058$2,455$1,428$805$444$74
44 years$3,921$2,340$1,340$744$403$64
45 years$3,791$2,232$1,258$687$366$55
46 years$3,666$2,129$1,182$634$332$48
47 years$3,548$2,032$1,110$586$302$41
48 years$3,434$1,939$1,043$541$274$36
49 years$3,326$1,852$981$500$249$31
50 years$3,222$1,769$922$463$226$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $3,300,000, adding $3,742 every year, while hoping to spend $54,998 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: 64/12/24 Blend
50$3,300,000$3,300,000$3,300,000$3,300,000
51$3,640,460$3,465,560$3,414,410$3,850,393
52$3,953,269$3,576,855$3,470,275$4,103,818
53$4,296,142$3,691,760$3,526,169$4,374,113
54$4,672,086$3,810,394$3,582,033$4,668,200
55$5,084,416$3,932,880$3,637,808$4,988,416
56$5,536,780$4,059,345$3,693,428$5,337,335
57$6,033,198$4,189,920$3,748,825$5,717,792
58$6,578,099$4,324,740$3,803,925$6,132,908
59$7,176,359$4,463,946$3,858,650$6,586,122
60$7,833,351$4,607,683$3,912,919$7,081,221
61$8,554,995$4,756,101$3,966,643$7,622,378
62$9,347,809$4,909,355$4,019,730$8,214,186
63$10,218,976$5,067,604$4,072,082$8,861,708
64$11,176,410$5,231,015$4,123,595$9,570,520
65$12,228,828$5,399,759$4,174,160$10,346,764
66$13,385,834$5,574,013$4,223,659$11,197,209
67$14,658,009$5,753,959$4,271,972$12,129,308
68$16,057,010$5,939,787$4,318,967$13,151,278
69$17,595,682$6,131,694$4,364,510$14,272,165
70$19,288,176$6,329,881$4,408,455$15,501,942
71$21,150,082$6,534,558$4,450,651$16,851,594
72$23,198,580$6,745,941$4,490,937$18,333,223
73$25,452,598$6,964,254$4,529,146$19,960,167
74$27,932,989$7,189,729$4,565,099$21,747,118
75$30,662,734$7,422,606$4,598,609$23,710,268
76$33,667,151$7,663,131$4,629,481$25,867,456
77$36,974,138$7,911,563$4,657,506$28,238,339
78$40,614,436$8,168,165$4,682,468$30,844,577
79$44,621,915$8,433,212$4,704,138$33,710,038
80$49,033,898$8,706,987$4,722,275$36,861,021
81$53,891,512$8,989,785$4,736,626$40,326,505
82$59,240,070$9,281,909$4,746,928$44,138,423
83$65,129,508$9,583,673$4,752,900$48,331,963
84$71,614,847$9,895,403$4,754,252$52,945,901
85$78,756,718$10,217,434$4,750,676$58,022,964
86$86,621,931$10,550,116$4,741,851$63,610,236
87$95,284,104$10,893,807$4,727,439$69,759,602
88$104,824,360$11,248,882$4,707,086$76,528,235
89$115,332,094$11,615,725$4,680,422$83,979,139
90$126,905,808$11,994,737$4,647,058$92,181,743
91$139,654,052$12,386,331$4,606,585$101,212,554
92$153,696,438$12,790,934$4,558,578$111,155,881
93$169,164,774$13,208,989$4,502,590$122,104,631
94$186,204,306$13,640,954$4,438,152$134,161,186
95$204,975,090$14,087,305$4,364,774$147,438,367
96$225,653,498$14,548,532$4,281,944$162,060,503
97$248,433,889$15,025,145$4,189,123$178,164,601
98$273,530,438$15,517,669$4,085,750$195,901,642
99$301,179,157$16,026,650$3,971,238$215,438,006
100$331,640,128$16,552,652$3,844,971$236,957,041