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%19.2%
1 years$231,221$229,162$227,152$225,191$223,276$215,012
2 years$114,466$112,334$110,268$108,265$106,322$98,089
3 years$75,553$73,412$71,351$69,366$67,455$59,513
4 years$56,100$53,965$51,925$49,975$48,109$40,518
5 years$44,431$42,309$40,296$38,385$36,572$29,352
6 years$36,655$34,549$32,565$30,697$28,938$22,094
7 years$31,102$29,014$27,062$25,238$23,535$17,064
8 years$26,940$24,870$22,951$21,171$19,524$13,422
9 years$23,704$21,654$19,767$18,033$16,442$10,700
10 years$21,117$19,087$17,234$15,545$14,010$8,616
11 years$19,001$16,992$15,172$13,529$12,049$6,993
12 years$17,240$15,251$13,465$11,866$10,441$5,711
13 years$15,750$13,783$12,030$10,476$9,105$4,687
14 years$14,475$12,528$10,809$9,300$7,981$3,861
15 years$13,370$11,445$9,759$8,294$7,027$3,191
16 years$12,405$10,500$8,848$7,426$6,211$2,644
17 years$11,554$9,670$8,051$6,672$5,507$2,196
18 years$10,799$8,936$7,350$6,013$4,896$1,826
19 years$10,123$8,282$6,728$5,433$4,364$1,521
20 years$9,516$7,696$6,175$4,921$3,898$1,269
21 years$8,968$7,168$5,680$4,466$3,489$1,059
22 years$8,470$6,691$5,235$4,061$3,127$885
23 years$8,016$6,258$4,833$3,698$2,807$740
24 years$7,601$5,864$4,470$3,373$2,523$619
25 years$7,219$5,503$4,140$3,080$2,270$518
26 years$6,867$5,172$3,840$2,816$2,045$434
27 years$6,542$4,867$3,566$2,578$1,844$363
28 years$6,241$4,586$3,315$2,362$1,664$304
29 years$5,961$4,327$3,085$2,166$1,502$255
30 years$5,700$4,086$2,873$1,988$1,357$214
31 years$5,456$3,863$2,679$1,826$1,227$179
32 years$5,228$3,655$2,499$1,678$1,110$150
33 years$5,014$3,461$2,334$1,543$1,005$126
34 years$4,814$3,280$2,180$1,420$910$106
35 years$4,625$3,111$2,038$1,307$824$89
36 years$4,447$2,953$1,907$1,204$746$74
37 years$4,279$2,805$1,785$1,109$677$62
38 years$4,120$2,666$1,671$1,022$613$52
39 years$3,970$2,535$1,566$942$556$44
40 years$3,828$2,412$1,468$869$504$37
41 years$3,693$2,296$1,376$802$458$31
42 years$3,565$2,186$1,291$740$415$26
43 years$3,443$2,083$1,211$683$377$22
44 years$3,327$1,986$1,137$631$342$18
45 years$3,216$1,893$1,068$583$311$15
46 years$3,111$1,806$1,003$538$282$13
47 years$3,010$1,724$942$497$256$11
48 years$2,914$1,646$885$459$233$9
49 years$2,822$1,571$832$425$211$8
50 years$2,734$1,501$782$392$192$6

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 $3,952 every year, while hoping to spend $34,979 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: 27/49/24 Blend
50$2,800,000$2,800,000$2,800,000$2,800,000
51$3,089,676$2,941,276$2,897,876$3,149,694
52$3,367,606$3,048,182$2,957,738$3,304,648
53$3,672,712$3,159,153$3,018,432$3,467,595
54$4,007,730$3,274,352$3,079,951$3,641,820
55$4,375,672$3,393,949$3,142,283$3,828,307
56$4,779,857$3,518,120$3,205,416$4,028,130
57$5,223,943$3,647,047$3,269,338$4,242,467
58$5,711,956$3,780,923$3,334,031$4,472,612
59$6,248,334$3,919,947$3,399,480$4,719,984
60$6,837,966$4,064,327$3,465,664$4,986,139
61$7,486,238$4,214,278$3,532,564$5,272,785
62$8,199,084$4,370,028$3,600,154$5,581,800
63$8,983,041$4,531,810$3,668,411$5,915,242
64$9,845,314$4,699,871$3,737,305$6,275,374
65$10,793,837$4,874,466$3,806,806$6,664,682
66$11,837,355$5,055,861$3,876,880$7,085,895
67$12,985,502$5,244,336$3,947,493$7,542,015
68$14,248,894$5,440,178$4,018,604$8,036,339
69$15,639,225$5,643,691$4,090,171$8,572,492
70$17,169,384$5,855,190$4,162,150$9,154,461
71$18,853,571$6,075,004$4,234,492$9,786,626
72$20,707,432$6,303,476$4,307,144$10,473,806
73$22,748,206$6,540,962$4,380,049$11,221,302
74$24,994,890$6,787,837$4,453,148$12,034,942
75$27,468,417$7,044,489$4,526,377$12,921,139
76$30,191,852$7,311,325$4,599,666$13,886,947
77$33,190,608$7,588,767$4,672,943$14,940,128
78$36,492,693$7,877,259$4,746,129$16,089,223
79$40,128,964$8,177,261$4,819,141$17,343,629
80$44,133,426$8,489,255$4,891,890$18,713,691
81$48,543,550$8,813,743$4,964,282$20,210,792
82$53,400,624$9,151,249$5,036,218$21,847,462
83$58,750,148$9,502,320$5,107,591$23,637,494
84$64,642,256$9,867,527$5,178,289$25,596,071
85$71,132,197$10,247,467$5,248,193$27,739,908
86$78,280,850$10,642,761$5,317,176$30,087,408
87$86,155,300$11,054,060$5,385,104$32,658,833
88$94,829,472$11,482,041$5,451,837$35,476,492
89$104,384,830$11,927,412$5,517,225$38,564,951
90$114,911,141$12,390,913$5,581,110$41,951,260
91$126,507,326$12,873,317$5,643,326$45,665,208
92$139,282,392$13,375,428$5,703,696$49,739,599
93$153,356,461$13,898,089$5,762,035$54,210,563
94$168,861,904$14,442,180$5,818,148$59,117,888
95$185,944,590$15,008,618$5,871,827$64,505,397
96$204,765,261$15,598,363$5,922,856$70,421,356
97$225,501,051$16,212,416$5,971,005$76,918,929
98$248,347,159$16,851,825$6,016,035$84,056,674
99$273,518,687$17,517,682$6,057,690$91,899,091
100$301,252,674$18,211,131$6,095,704$100,517,230