Can I retire at age 51 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$232,873$230,799$228,775$226,800$224,871$221,877
2 years$115,284$113,137$111,056$109,038$107,081$104,070
3 years$76,092$73,936$71,860$69,862$67,937$65,001
4 years$56,501$54,351$52,296$50,332$48,453$45,616
5 years$44,748$42,612$40,584$38,659$36,833$34,103
6 years$36,916$34,796$32,798$30,916$29,145$26,525
7 years$31,324$29,221$27,255$25,418$23,703$21,194
8 years$27,132$25,048$23,114$21,323$19,664$17,265
9 years$23,873$21,809$19,909$18,162$16,560$14,271
10 years$21,267$19,223$17,357$15,656$14,110$11,929
11 years$19,137$17,113$15,281$13,625$12,135$10,060
12 years$17,363$15,360$13,561$11,951$10,516$8,545
13 years$15,863$13,881$12,116$10,551$9,170$7,300
14 years$14,578$12,618$10,886$9,366$8,038$6,267
15 years$13,466$11,526$9,829$8,353$7,078$5,401
16 years$12,494$10,575$8,911$7,479$6,255$4,671
17 years$11,637$9,739$8,109$6,720$5,546$4,051
18 years$10,876$9,000$7,402$6,056$4,931$3,522
19 years$10,196$8,341$6,777$5,472$4,396$3,068
20 years$9,584$7,751$6,219$4,956$3,926$2,678
21 years$9,032$7,219$5,720$4,498$3,513$2,340
22 years$8,530$6,739$5,272$4,090$3,149$2,048
23 years$8,073$6,303$4,868$3,725$2,827$1,795
24 years$7,655$5,905$4,502$3,397$2,541$1,574
25 years$7,270$5,542$4,170$3,102$2,287$1,382
26 years$6,916$5,209$3,867$2,837$2,060$1,214
27 years$6,589$4,902$3,591$2,596$1,857$1,068
28 years$6,285$4,619$3,338$2,379$1,676$939
29 years$6,003$4,357$3,107$2,181$1,513$826
30 years$5,740$4,115$2,894$2,002$1,367$728
31 years$5,495$3,890$2,698$1,839$1,236$641
32 years$5,265$3,681$2,517$1,690$1,118$565
33 years$5,050$3,486$2,350$1,554$1,012$498
34 years$4,848$3,304$2,196$1,430$916$439
35 years$4,658$3,134$2,053$1,316$830$387
36 years$4,479$2,974$1,921$1,212$752$341
37 years$4,310$2,825$1,798$1,117$681$301
38 years$4,150$2,685$1,683$1,029$618$266
39 years$3,999$2,553$1,577$949$560$234
40 years$3,855$2,429$1,478$875$508$207
41 years$3,719$2,312$1,386$808$461$183
42 years$3,590$2,202$1,300$745$418$161
43 years$3,467$2,098$1,220$688$380$142
44 years$3,351$2,000$1,145$635$345$126
45 years$3,239$1,907$1,075$587$313$111
46 years$3,133$1,819$1,010$542$284$98
47 years$3,032$1,736$949$501$258$87
48 years$2,935$1,657$892$463$234$76
49 years$2,842$1,583$838$428$213$67
50 years$2,753$1,512$788$395$193$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,820,000, adding $2,758 every year, while hoping to spend $57,477 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: 84/8/8 Blend
50$2,820,000$2,820,000$2,820,000$2,820,000
51$3,110,485$2,961,025$2,917,315$3,368,744
52$3,366,599$3,044,960$2,953,890$3,621,798
53$3,646,911$3,131,082$2,989,764$3,891,648
54$3,953,827$3,219,436$3,024,852$4,186,253
55$4,289,999$3,310,070$3,059,067$4,508,065
56$4,658,347$3,403,031$3,092,313$4,859,782
57$5,062,085$3,498,367$3,124,492$5,244,377
58$5,504,755$3,596,124$3,155,500$5,665,123
59$5,990,257$3,696,351$3,185,226$6,125,625
60$6,522,887$3,799,095$3,213,554$6,629,855
61$7,107,376$3,904,405$3,240,363$7,182,187
62$7,748,936$4,012,329$3,265,523$7,787,438
63$8,453,308$4,122,914$3,288,899$8,450,917
64$9,226,817$4,236,209$3,310,349$9,178,470
65$10,076,429$4,352,259$3,329,722$9,976,538
66$11,009,818$4,471,114$3,346,861$10,852,215
67$12,035,440$4,592,818$3,361,601$11,813,318
68$13,162,607$4,717,418$3,373,767$12,868,460
69$14,401,581$4,844,960$3,383,176$14,027,126
70$15,763,666$4,975,487$3,389,637$15,299,771
71$17,261,318$5,109,044$3,392,947$16,697,910
72$18,908,257$5,245,672$3,392,896$18,234,231
73$20,719,603$5,385,413$3,389,261$19,922,714
74$22,712,011$5,528,307$3,381,810$21,778,763
75$24,903,833$5,674,391$3,370,298$23,819,348
76$27,315,289$5,823,702$3,354,468$26,063,169
77$29,968,660$5,976,274$3,334,054$28,530,831
78$32,888,491$6,132,139$3,308,772$31,245,036
79$36,101,830$6,291,327$3,278,329$34,230,800
80$39,638,479$6,453,864$3,242,416$37,515,687
81$43,531,276$6,619,776$3,200,708$41,130,070
82$47,816,402$6,789,081$3,152,869$45,107,415
83$52,533,727$6,961,798$3,098,542$49,484,602
84$57,727,181$7,137,940$3,037,357$54,302,267
85$63,445,170$7,317,516$2,968,925$59,605,186
86$69,741,034$7,500,530$2,892,839$65,442,704
87$76,673,545$7,686,982$2,808,676$71,869,190
88$84,307,469$7,876,866$2,715,989$78,944,558
89$92,714,170$8,070,172$2,614,313$86,734,832
90$101,972,285$8,266,880$2,503,163$95,312,762
91$112,168,468$8,466,967$2,382,029$104,758,518
92$123,398,205$8,670,401$2,250,380$115,160,444
93$135,766,714$8,877,143$2,107,660$126,615,890
94$149,389,941$9,087,145$1,953,288$139,232,132
95$164,395,650$9,300,350$1,786,658$153,127,386
96$180,924,631$9,516,693$1,607,136$168,431,921
97$199,132,028$9,736,095$1,414,060$185,289,289
98$219,188,802$9,958,471$1,206,738$203,857,681
99$241,283,343$10,183,720$984,448$224,311,421
100$265,623,253$10,411,731$746,435$246,842,608