Can I retire at age 51 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$232,047$229,980$227,964$225,995$224,073$223,129
2 years$114,875$112,735$110,662$108,652$106,702$105,748
3 years$75,822$73,674$71,606$69,614$67,696$66,763
4 years$56,300$54,158$52,111$50,153$48,281$47,376
5 years$44,590$42,461$40,440$38,522$36,703$35,828
6 years$36,785$34,672$32,681$30,807$29,042$28,198
7 years$31,213$29,118$27,158$25,328$23,619$22,807
8 years$27,036$24,959$23,033$21,247$19,594$18,814
9 years$23,788$21,732$19,838$18,098$16,501$15,753
10 years$21,192$19,155$17,295$15,600$14,060$13,343
11 years$19,069$17,053$15,226$13,577$12,092$11,407
12 years$17,301$15,306$13,513$11,909$10,478$9,824
13 years$15,807$13,832$12,073$10,514$9,137$8,513
14 years$14,527$12,573$10,848$9,333$8,010$7,414
15 years$13,418$11,485$9,794$8,323$7,052$6,485
16 years$12,449$10,538$8,880$7,453$6,233$5,694
17 years$11,595$9,705$8,080$6,696$5,527$5,014
18 years$10,837$8,968$7,376$6,035$4,914$4,428
19 years$10,159$8,311$6,752$5,453$4,380$3,919
20 years$9,550$7,723$6,197$4,938$3,912$3,475
21 years$9,000$7,194$5,700$4,482$3,501$3,088
22 years$8,500$6,715$5,254$4,075$3,138$2,747
23 years$8,045$6,281$4,851$3,711$2,817$2,448
24 years$7,628$5,884$4,486$3,385$2,532$2,184
25 years$7,245$5,522$4,155$3,091$2,278$1,950
26 years$6,892$5,190$3,854$2,827$2,052$1,743
27 years$6,565$4,884$3,578$2,587$1,850$1,559
28 years$6,263$4,603$3,327$2,370$1,670$1,396
29 years$5,982$4,342$3,096$2,174$1,508$1,251
30 years$5,720$4,101$2,883$1,995$1,362$1,121
31 years$5,475$3,876$2,688$1,832$1,232$1,005
32 years$5,247$3,668$2,508$1,684$1,114$902
33 years$5,032$3,474$2,342$1,548$1,008$810
34 years$4,831$3,292$2,188$1,425$913$727
35 years$4,641$3,123$2,046$1,312$827$653
36 years$4,463$2,964$1,914$1,208$749$587
37 years$4,294$2,815$1,791$1,113$679$528
38 years$4,135$2,675$1,677$1,026$616$474
39 years$3,985$2,544$1,572$946$558$426
40 years$3,842$2,420$1,473$872$506$383
41 years$3,706$2,304$1,381$805$459$345
42 years$3,578$2,194$1,296$743$417$310
43 years$3,455$2,090$1,216$686$378$279
44 years$3,339$1,993$1,141$633$343$251
45 years$3,228$1,900$1,072$585$312$226
46 years$3,122$1,813$1,006$540$283$204
47 years$3,021$1,730$946$499$257$183
48 years$2,924$1,651$889$461$233$165
49 years$2,832$1,577$835$426$212$149
50 years$2,744$1,506$785$394$193$134

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,810,000, adding $6,918 every year, while hoping to spend $28,817 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: 81/6/13 Blend
50$2,810,000$2,810,000$2,810,000$2,810,000
51$3,103,756$2,954,826$2,911,271$3,346,954
52$3,389,678$3,068,951$2,978,137$3,621,739
53$3,703,798$3,187,703$3,046,278$3,918,845
54$4,048,963$3,311,277$3,115,705$4,244,141
55$4,428,306$3,439,879$3,186,431$4,600,439
56$4,845,282$3,573,723$3,258,465$4,990,838
57$5,303,697$3,713,031$3,331,820$5,418,750
58$5,807,742$3,858,037$3,406,504$5,887,933
59$6,362,036$4,008,986$3,482,526$6,402,527
60$6,971,669$4,166,131$3,559,896$6,967,090
61$7,642,246$4,329,738$3,638,619$7,586,646
62$8,379,945$4,500,085$3,718,703$8,266,728
63$9,191,573$4,677,462$3,800,152$9,013,428
64$10,084,627$4,862,173$3,882,972$9,833,462
65$11,067,373$5,054,532$3,967,165$10,734,225
66$12,148,913$5,254,872$4,052,733$11,723,865
67$13,339,278$5,463,538$4,139,676$12,811,358
68$14,649,524$5,680,890$4,227,994$14,006,594
69$16,091,828$5,907,306$4,317,684$15,320,467
70$17,679,610$6,143,181$4,408,743$16,764,980
71$19,427,659$6,388,925$4,501,164$18,353,360
72$21,352,268$6,644,969$4,594,941$20,100,175
73$23,471,390$6,911,764$4,690,062$22,021,480
74$25,804,811$7,189,779$4,786,518$24,134,962
75$28,374,330$7,479,507$4,884,295$26,460,110
76$31,203,968$7,781,460$4,983,376$29,018,396
77$34,320,197$8,096,175$5,083,743$31,833,480
78$37,752,184$8,424,214$5,185,375$34,931,430
79$41,532,070$8,766,165$5,288,249$38,340,971
80$45,695,274$9,122,639$5,392,337$42,093,751
81$50,280,822$9,494,279$5,497,611$46,224,646
82$55,331,723$9,881,755$5,604,038$50,772,081
83$60,895,366$10,285,768$5,711,581$55,778,398
84$67,023,975$10,707,053$5,820,200$61,290,253
85$73,775,096$11,146,374$5,929,853$67,359,056
86$81,212,144$11,604,535$6,040,491$74,041,457
87$89,404,998$12,082,373$6,152,063$81,399,877
88$98,430,664$12,580,765$6,264,513$89,503,102
89$108,373,998$13,100,629$6,377,781$98,426,924
90$119,328,510$13,642,923$6,491,800$108,254,864
91$131,397,243$14,208,651$6,606,500$119,078,957
92$144,693,749$14,798,863$6,721,806$131,000,615
93$159,343,160$15,414,655$6,837,634$144,131,592
94$175,483,366$16,057,177$6,953,899$158,595,034
95$193,266,320$16,727,629$7,070,505$174,526,638
96$212,859,470$17,427,269$7,187,352$192,075,940
97$234,447,341$18,157,410$7,304,334$211,407,718
98$258,233,275$18,919,429$7,421,335$232,703,550
99$284,441,352$19,714,764$7,538,233$256,163,530
100$313,318,505$20,544,922$7,654,897$282,008,151