Can I retire at age 51 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$289,027$286,452$283,940$281,489$279,095$268,658
2 years$143,083$140,418$137,835$135,331$132,902$122,507
3 years$94,441$91,765$89,188$86,708$84,319$74,292
4 years$70,125$67,457$64,906$62,468$60,137$50,555
5 years$55,539$52,887$50,370$47,982$45,715$36,603
6 years$45,818$43,186$40,706$38,371$36,173$27,537
7 years$38,878$36,268$33,827$31,547$29,418$21,256
8 years$33,674$31,088$28,688$26,464$24,405$16,709
9 years$29,630$27,068$24,709$22,542$20,553$13,312
10 years$26,396$23,859$21,542$19,431$17,512$10,713
11 years$23,752$21,240$18,965$16,911$15,061$8,690
12 years$21,550$19,064$16,831$14,833$13,051$7,092
13 years$19,688$17,228$15,038$13,095$11,381$5,816
14 years$18,094$15,660$13,511$11,625$9,977$4,788
15 years$16,713$14,306$12,199$10,367$8,784$3,954
16 years$15,506$13,125$11,060$9,283$7,763$3,274
17 years$14,443$12,088$10,064$8,340$6,884$2,717
18 years$13,498$11,170$9,187$7,516$6,121$2,258
19 years$12,654$10,352$8,411$6,792$5,455$1,880
20 years$11,895$9,620$7,719$6,151$4,873$1,566
21 years$11,210$8,960$7,100$5,583$4,361$1,307
22 years$10,587$8,364$6,544$5,076$3,909$1,091
23 years$10,020$7,823$6,042$4,623$3,509$911
24 years$9,501$7,329$5,588$4,216$3,154$762
25 years$9,024$6,878$5,175$3,850$2,838$637
26 years$8,584$6,464$4,800$3,521$2,556$533
27 years$8,177$6,084$4,457$3,223$2,305$446
28 years$7,801$5,733$4,143$2,953$2,080$373
29 years$7,451$5,408$3,856$2,708$1,878$312
30 years$7,124$5,107$3,592$2,485$1,697$262
31 years$6,820$4,828$3,348$2,282$1,534$219
32 years$6,535$4,569$3,124$2,097$1,388$184
33 years$6,268$4,326$2,917$1,929$1,256$154
34 years$6,017$4,100$2,725$1,775$1,137$129
35 years$5,781$3,889$2,548$1,634$1,030$108
36 years$5,559$3,691$2,384$1,504$933$90
37 years$5,349$3,506$2,231$1,386$846$76
38 years$5,151$3,332$2,089$1,278$767$64
39 years$4,963$3,168$1,957$1,178$695$53
40 years$4,785$3,014$1,835$1,087$631$45
41 years$4,616$2,869$1,720$1,003$572$37
42 years$4,456$2,733$1,614$925$519$31
43 years$4,304$2,604$1,514$854$471$26
44 years$4,158$2,482$1,421$789$428$22
45 years$4,020$2,367$1,335$728$388$18
46 years$3,888$2,258$1,254$673$352$15
47 years$3,763$2,155$1,178$622$320$13
48 years$3,642$2,057$1,107$574$291$11
49 years$3,527$1,964$1,040$531$264$9
50 years$3,417$1,876$978$491$240$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $3,500,000, adding $2,496 every year, while hoping to spend $50,911 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: 26/48/26 Blend
50$3,500,000$3,500,000$3,500,000$3,500,000
51$3,859,575$3,674,075$3,619,825$3,928,347
52$4,199,082$3,799,935$3,686,920$4,110,359
53$4,571,513$3,930,257$3,754,556$4,300,963
54$4,980,173$4,065,204$3,822,699$4,504,414
55$5,428,699$4,204,948$3,891,308$4,721,833
56$5,921,103$4,349,667$3,960,344$4,954,446
57$6,461,801$4,499,546$4,029,760$5,203,599
58$7,055,656$4,654,776$4,099,509$5,470,772
59$7,708,030$4,815,557$4,169,540$5,757,585
60$8,424,826$4,982,096$4,239,796$6,065,821
61$9,212,549$5,154,609$4,310,219$6,397,434
62$10,078,363$5,333,319$4,380,746$6,754,575
63$11,030,164$5,518,459$4,451,309$7,139,605
64$12,076,648$5,710,271$4,521,835$7,555,117
65$13,227,398$5,909,007$4,592,249$8,003,963
66$14,492,971$6,114,926$4,662,467$8,489,278
67$15,884,998$6,328,302$4,732,404$9,014,508
68$17,416,295$6,549,416$4,801,966$9,583,442
69$19,100,981$6,778,561$4,871,057$10,200,248
70$20,954,615$7,016,044$4,939,571$10,869,509
71$22,994,337$7,262,182$5,007,398$11,596,266
72$25,239,035$7,517,305$5,074,421$12,386,067
73$27,709,519$7,781,755$5,140,517$13,245,013
74$30,428,720$8,055,891$5,205,554$14,179,820
75$33,421,904$8,340,084$5,269,395$15,197,877
76$36,716,910$8,634,720$5,331,891$16,307,315
77$40,344,415$8,940,201$5,392,890$17,517,086
78$44,338,220$9,256,946$5,452,227$18,837,040
79$48,735,572$9,585,390$5,509,730$20,278,024
80$53,577,512$9,925,985$5,565,217$21,851,974
81$58,909,263$10,279,204$5,618,496$23,572,036
82$64,780,658$10,645,535$5,669,367$25,452,679
83$71,246,609$11,025,490$5,717,614$27,509,837
84$78,367,624$11,419,600$5,763,016$29,761,055
85$86,210,380$11,828,419$5,805,334$32,225,651
86$94,848,348$12,252,521$5,844,323$34,924,901
87$104,362,491$12,692,506$5,879,719$37,882,234
88$114,842,025$13,148,998$5,911,249$41,123,452
89$126,385,259$13,622,647$5,938,623$44,676,973
90$139,100,528$14,114,129$5,961,540$48,574,096
91$153,107,209$14,624,148$5,979,679$52,849,296
92$168,536,852$15,153,440$5,992,706$57,540,542
93$185,534,419$15,702,766$6,000,270$62,689,661
94$204,259,653$16,272,925$6,002,001$68,342,724
95$224,888,583$16,864,743$5,997,514$74,550,481
96$247,615,189$17,479,086$5,986,401$81,368,836
97$272,653,230$18,116,853$5,968,237$88,859,375
98$300,238,261$18,778,981$5,942,575$97,089,942
99$330,629,860$19,466,447$5,908,948$106,135,278
100$364,114,071$20,180,269$5,866,863$116,077,719