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%13.8%
1 years$231,221$229,162$227,152$225,191$223,276$219,758
2 years$114,466$112,334$110,268$108,265$106,322$102,787
3 years$75,553$73,412$71,351$69,366$67,455$64,013
4 years$56,100$53,965$51,925$49,975$48,109$44,786
5 years$44,431$42,309$40,296$38,385$36,572$33,378
6 years$36,655$34,549$32,565$30,697$28,938$25,877
7 years$31,102$29,014$27,062$25,238$23,535$20,607
8 years$26,940$24,870$22,951$21,171$19,524$16,729
9 years$23,704$21,654$19,767$18,033$16,442$13,779
10 years$21,117$19,087$17,234$15,545$14,010$11,476
11 years$19,001$16,992$15,172$13,529$12,049$9,642
12 years$17,240$15,251$13,465$11,866$10,441$8,158
13 years$15,750$13,783$12,030$10,476$9,105$6,942
14 years$14,475$12,528$10,809$9,300$7,981$5,936
15 years$13,370$11,445$9,759$8,294$7,027$5,095
16 years$12,405$10,500$8,848$7,426$6,211$4,388
17 years$11,554$9,670$8,051$6,672$5,507$3,789
18 years$10,799$8,936$7,350$6,013$4,896$3,280
19 years$10,123$8,282$6,728$5,433$4,364$2,845
20 years$9,516$7,696$6,175$4,921$3,898$2,472
21 years$8,968$7,168$5,680$4,466$3,489$2,151
22 years$8,470$6,691$5,235$4,061$3,127$1,874
23 years$8,016$6,258$4,833$3,698$2,807$1,634
24 years$7,601$5,864$4,470$3,373$2,523$1,427
25 years$7,219$5,503$4,140$3,080$2,270$1,247
26 years$6,867$5,172$3,840$2,816$2,045$1,090
27 years$6,542$4,867$3,566$2,578$1,844$954
28 years$6,241$4,586$3,315$2,362$1,664$835
29 years$5,961$4,327$3,085$2,166$1,502$731
30 years$5,700$4,086$2,873$1,988$1,357$641
31 years$5,456$3,863$2,679$1,826$1,227$562
32 years$5,228$3,655$2,499$1,678$1,110$492
33 years$5,014$3,461$2,334$1,543$1,005$432
34 years$4,814$3,280$2,180$1,420$910$379
35 years$4,625$3,111$2,038$1,307$824$332
36 years$4,447$2,953$1,907$1,204$746$292
37 years$4,279$2,805$1,785$1,109$677$256
38 years$4,120$2,666$1,671$1,022$613$225
39 years$3,970$2,535$1,566$942$556$197
40 years$3,828$2,412$1,468$869$504$173
41 years$3,693$2,296$1,376$802$458$152
42 years$3,565$2,186$1,291$740$415$134
43 years$3,443$2,083$1,211$683$377$117
44 years$3,327$1,986$1,137$631$342$103
45 years$3,216$1,893$1,068$583$311$91
46 years$3,111$1,806$1,003$538$282$80
47 years$3,010$1,724$942$497$256$70
48 years$2,914$1,646$885$459$233$61
49 years$2,822$1,571$832$425$211$54
50 years$2,734$1,501$782$392$192$47

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 $2,505 every year, while hoping to spend $25,692 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: 62/11/27 Blend
50$2,800,000$2,800,000$2,800,000$2,800,000
51$3,088,184$2,939,784$2,896,384$3,257,213
52$3,375,843$3,056,497$2,966,077$3,488,992
53$3,691,981$3,178,068$3,037,243$3,738,944
54$4,039,478$3,304,708$3,109,905$4,011,326
55$4,421,503$3,436,638$3,184,086$4,308,335
56$4,841,550$3,574,086$3,259,806$4,632,391
57$5,303,467$3,717,295$3,337,088$4,986,156
58$5,811,493$3,866,515$3,415,953$5,372,564
59$6,370,301$4,022,010$3,496,424$5,794,842
60$6,985,038$4,184,055$3,578,520$6,256,545
61$7,661,374$4,352,936$3,662,263$6,761,586
62$8,405,559$4,528,954$3,747,672$7,314,274
63$9,224,475$4,712,423$3,834,769$7,919,357
64$10,125,711$4,903,670$3,923,573$8,582,059
65$11,117,622$5,103,039$4,014,102$9,308,137
66$12,209,421$5,310,889$4,106,375$10,103,929
67$13,411,253$5,527,594$4,200,410$10,976,418
68$14,734,301$5,753,546$4,296,224$11,933,293
69$16,190,885$5,989,156$4,393,833$12,983,024
70$17,794,583$6,234,851$4,493,254$14,134,941
71$19,560,352$6,491,081$4,594,500$15,399,321
72$21,504,678$6,758,314$4,697,585$16,787,484
73$23,645,724$7,037,040$4,802,523$18,311,901
74$26,003,505$7,327,772$4,909,325$19,986,310
75$28,600,076$7,631,047$5,018,001$21,825,844
76$31,459,740$7,947,424$5,128,560$23,847,175
77$34,609,277$8,277,492$5,241,011$26,068,671
78$38,078,197$8,621,863$5,355,358$28,510,566
79$41,899,019$8,981,179$5,471,608$31,195,154
80$46,107,575$9,356,113$5,589,763$34,146,997
81$50,743,351$9,747,366$5,709,824$37,393,153
82$55,849,860$10,155,674$5,831,790$40,963,438
83$61,475,050$10,581,806$5,955,659$44,890,698
84$67,671,757$11,026,567$6,081,425$49,211,126
85$74,498,205$11,490,797$6,209,082$53,964,598
86$82,018,554$11,975,378$6,338,618$59,195,050
87$90,303,507$12,481,233$6,470,023$64,950,892
88$99,430,976$13,009,324$6,603,280$71,285,463
89$109,486,817$13,560,662$6,738,371$78,257,535
90$120,565,640$14,136,303$6,875,275$85,931,867
91$132,771,706$14,737,352$7,013,967$94,379,813
92$146,219,904$15,364,966$7,154,418$103,679,997
93$161,036,841$16,020,356$7,296,598$113,919,052
94$177,362,034$16,704,790$7,440,470$125,192,439
95$195,349,230$17,419,592$7,585,993$137,605,345
96$215,167,851$18,166,152$7,733,124$151,273,676
97$237,004,602$18,945,924$7,881,814$166,325,148
98$261,065,224$19,760,427$8,032,008$182,900,494
99$287,576,444$20,611,255$8,183,647$201,154,790
100$316,788,109$21,500,074$8,336,667$221,258,916