Can I retire at age 51 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$231,221$229,162$227,152$225,191$223,276$216,999
2 years$114,466$112,334$110,268$108,265$106,322$100,045
3 years$75,553$73,412$71,351$69,366$67,455$61,376
4 years$56,100$53,965$51,925$49,975$48,109$42,275
5 years$44,431$42,309$40,296$38,385$36,572$30,997
6 years$36,655$34,549$32,565$30,697$28,938$23,629
7 years$31,102$29,014$27,062$25,238$23,535$18,490
8 years$26,940$24,870$22,951$21,171$19,524$14,743
9 years$23,704$21,654$19,767$18,033$16,442$11,919
10 years$21,117$19,087$17,234$15,545$14,010$9,738
11 years$19,001$16,992$15,172$13,529$12,049$8,022
12 years$17,240$15,251$13,465$11,866$10,441$6,652
13 years$15,750$13,783$12,030$10,476$9,105$5,545
14 years$14,475$12,528$10,809$9,300$7,981$4,642
15 years$13,370$11,445$9,759$8,294$7,027$3,900
16 years$12,405$10,500$8,848$7,426$6,211$3,285
17 years$11,554$9,670$8,051$6,672$5,507$2,774
18 years$10,799$8,936$7,350$6,013$4,896$2,348
19 years$10,123$8,282$6,728$5,433$4,364$1,990
20 years$9,516$7,696$6,175$4,921$3,898$1,689
21 years$8,968$7,168$5,680$4,466$3,489$1,435
22 years$8,470$6,691$5,235$4,061$3,127$1,221
23 years$8,016$6,258$4,833$3,698$2,807$1,039
24 years$7,601$5,864$4,470$3,373$2,523$885
25 years$7,219$5,503$4,140$3,080$2,270$755
26 years$6,867$5,172$3,840$2,816$2,045$644
27 years$6,542$4,867$3,566$2,578$1,844$549
28 years$6,241$4,586$3,315$2,362$1,664$469
29 years$5,961$4,327$3,085$2,166$1,502$400
30 years$5,700$4,086$2,873$1,988$1,357$342
31 years$5,456$3,863$2,679$1,826$1,227$292
32 years$5,228$3,655$2,499$1,678$1,110$250
33 years$5,014$3,461$2,334$1,543$1,005$213
34 years$4,814$3,280$2,180$1,420$910$182
35 years$4,625$3,111$2,038$1,307$824$156
36 years$4,447$2,953$1,907$1,204$746$133
37 years$4,279$2,805$1,785$1,109$677$114
38 years$4,120$2,666$1,671$1,022$613$97
39 years$3,970$2,535$1,566$942$556$83
40 years$3,828$2,412$1,468$869$504$71
41 years$3,693$2,296$1,376$802$458$61
42 years$3,565$2,186$1,291$740$415$52
43 years$3,443$2,083$1,211$683$377$45
44 years$3,327$1,986$1,137$631$342$38
45 years$3,216$1,893$1,068$583$311$33
46 years$3,111$1,806$1,003$538$282$28
47 years$3,010$1,724$942$497$256$24
48 years$2,914$1,646$885$459$233$20
49 years$2,822$1,571$832$425$211$17
50 years$2,734$1,501$782$392$192$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,800,000, adding $6,990 every year, while hoping to spend $46,907 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: 51/43/6 Blend
50$2,800,000$2,800,000$2,800,000$2,800,000
51$3,092,810$2,944,410$2,901,010$3,245,706
52$3,358,368$3,038,778$2,948,285$3,444,743
53$3,649,441$3,136,197$2,995,572$3,655,325
54$3,968,581$3,236,768$3,042,821$3,883,104
55$4,318,602$3,340,595$3,089,981$4,129,706
56$4,702,598$3,447,783$3,136,994$4,396,914
57$5,123,983$3,558,444$3,183,803$4,686,693
58$5,586,513$3,672,692$3,230,345$5,001,201
59$6,094,327$3,790,644$3,276,551$5,342,815
60$6,651,986$3,912,422$3,322,353$5,714,148
61$7,264,510$4,038,153$3,367,673$6,118,074
62$7,937,434$4,167,966$3,412,434$6,557,757
63$8,676,852$4,301,996$3,456,551$7,036,679
64$9,489,480$4,440,383$3,499,934$7,558,670
65$10,382,714$4,583,269$3,542,489$8,127,947
66$11,364,706$4,730,804$3,584,117$8,749,153
67$12,444,434$4,883,141$3,624,713$9,427,396
68$13,631,791$5,040,440$3,664,165$10,168,301
69$14,937,676$5,202,864$3,702,357$10,978,062
70$16,374,097$5,370,583$3,739,165$11,863,495
71$17,954,286$5,543,772$3,774,458$12,832,108
72$19,692,821$5,722,615$3,808,100$13,892,169
73$21,605,763$5,907,297$3,839,945$15,052,779
74$23,710,809$6,098,013$3,869,842$16,323,964
75$26,027,460$6,294,964$3,897,630$17,716,763
76$28,577,201$6,498,357$3,923,141$19,243,336
77$31,383,706$6,708,407$3,946,196$20,917,073
78$34,473,060$6,925,336$3,966,611$22,752,725
79$37,874,008$7,149,373$3,984,188$24,766,537
80$41,618,221$7,380,756$3,998,722$26,976,403
81$45,740,597$7,619,730$4,009,996$29,402,035
82$50,279,590$7,866,549$4,017,784$32,065,146
83$55,277,575$8,121,477$4,021,846$34,989,655
84$60,781,242$8,384,784$4,021,932$38,201,910
85$66,842,042$8,656,751$4,017,780$41,730,938
86$73,516,668$8,937,670$4,009,114$45,608,717
87$80,867,594$9,227,842$3,995,645$49,870,476
88$88,963,659$9,527,577$3,977,070$54,555,025
89$97,880,722$9,837,197$3,953,071$59,705,126
90$107,702,372$10,157,036$3,923,315$65,367,886
91$118,520,721$10,487,439$3,887,454$71,595,209
92$130,437,273$10,828,761$3,845,122$78,444,281
93$143,563,877$11,181,373$3,795,935$85,978,105
94$158,023,787$11,545,655$3,739,495$94,266,102
95$173,952,826$11,922,004$3,675,379$103,384,759
96$191,500,660$12,310,828$3,603,150$113,418,348
97$210,832,219$12,712,551$3,522,348$124,459,728
98$232,129,251$13,127,611$3,432,492$136,611,212
99$255,592,031$13,556,461$3,333,078$149,985,532
100$281,441,262$13,999,572$3,223,580$164,706,908