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%15.7%
1 years$232,873$230,799$228,775$226,800$224,871$219,613
2 years$115,284$113,137$111,056$109,038$107,081$101,814
3 years$76,092$73,936$71,860$69,862$67,937$62,825
4 years$56,501$54,351$52,296$50,332$48,453$43,535
5 years$44,748$42,612$40,584$38,659$36,833$32,124
6 years$36,916$34,796$32,798$30,916$29,145$24,649
7 years$31,324$29,221$27,255$25,418$23,703$19,420
8 years$27,132$25,048$23,114$21,323$19,664$15,593
9 years$23,873$21,809$19,909$18,162$16,560$12,698
10 years$21,267$19,223$17,357$15,656$14,110$10,452
11 years$19,137$17,113$15,281$13,625$12,135$8,677
12 years$17,363$15,360$13,561$11,951$10,516$7,252
13 years$15,863$13,881$12,116$10,551$9,170$6,094
14 years$14,578$12,618$10,886$9,366$8,038$5,144
15 years$13,466$11,526$9,829$8,353$7,078$4,358
16 years$12,494$10,575$8,911$7,479$6,255$3,703
17 years$11,637$9,739$8,109$6,720$5,546$3,154
18 years$10,876$9,000$7,402$6,056$4,931$2,693
19 years$10,196$8,341$6,777$5,472$4,396$2,303
20 years$9,584$7,751$6,219$4,956$3,926$1,973
21 years$9,032$7,219$5,720$4,498$3,513$1,692
22 years$8,530$6,739$5,272$4,090$3,149$1,453
23 years$8,073$6,303$4,868$3,725$2,827$1,248
24 years$7,655$5,905$4,502$3,397$2,541$1,074
25 years$7,270$5,542$4,170$3,102$2,287$924
26 years$6,916$5,209$3,867$2,837$2,060$796
27 years$6,589$4,902$3,591$2,596$1,857$686
28 years$6,285$4,619$3,338$2,379$1,676$591
29 years$6,003$4,357$3,107$2,181$1,513$510
30 years$5,740$4,115$2,894$2,002$1,367$440
31 years$5,495$3,890$2,698$1,839$1,236$379
32 years$5,265$3,681$2,517$1,690$1,118$327
33 years$5,050$3,486$2,350$1,554$1,012$283
34 years$4,848$3,304$2,196$1,430$916$244
35 years$4,658$3,134$2,053$1,316$830$211
36 years$4,479$2,974$1,921$1,212$752$182
37 years$4,310$2,825$1,798$1,117$681$157
38 years$4,150$2,685$1,683$1,029$618$136
39 years$3,999$2,553$1,577$949$560$117
40 years$3,855$2,429$1,478$875$508$101
41 years$3,719$2,312$1,386$808$461$87
42 years$3,590$2,202$1,300$745$418$76
43 years$3,467$2,098$1,220$688$380$65
44 years$3,351$2,000$1,145$635$345$56
45 years$3,239$1,907$1,075$587$313$49
46 years$3,133$1,819$1,010$542$284$42
47 years$3,032$1,736$949$501$258$36
48 years$2,935$1,657$892$463$234$31
49 years$2,842$1,583$838$428$213$27
50 years$2,753$1,512$788$395$193$24

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 $3,235 every year, while hoping to spend $30,408 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: 65/6/29 Blend
50$2,820,000$2,820,000$2,820,000$2,820,000
51$3,110,977$2,961,517$2,917,807$3,289,038
52$3,395,943$3,074,277$2,983,200$3,522,673
53$3,708,956$3,191,544$3,049,764$3,774,296
54$4,052,845$3,313,505$3,117,507$4,048,686
55$4,430,727$3,440,358$3,186,434$4,348,091
56$4,846,034$3,572,309$3,256,553$4,674,985
57$5,302,548$3,709,571$3,327,866$5,032,090
58$5,804,437$3,852,369$3,400,379$5,422,408
59$6,356,291$4,000,936$3,474,093$5,849,242
60$6,963,168$4,155,518$3,549,010$6,316,231
61$7,630,640$4,316,367$3,625,131$6,827,383
62$8,364,847$4,483,751$3,702,455$7,387,112
63$9,172,553$4,657,946$3,780,979$8,000,280
64$10,061,212$4,839,244$3,860,700$8,672,244
65$11,039,035$5,027,947$3,941,613$9,408,904
66$12,115,072$5,224,371$4,023,712$10,216,758
67$13,299,290$5,428,846$4,106,988$11,102,967
68$14,602,676$5,641,718$4,191,430$12,075,417
69$16,037,334$5,863,347$4,277,028$13,142,799
70$17,616,600$6,094,109$4,363,766$14,314,684
71$19,355,170$6,334,397$4,451,629$15,601,620
72$21,269,237$6,584,622$4,540,598$17,015,226
73$23,376,643$6,845,213$4,630,653$18,568,303
74$25,697,051$7,116,618$4,721,769$20,274,956
75$28,252,123$7,399,306$4,813,922$22,150,726
76$31,065,733$7,693,766$4,907,082$24,212,734
77$34,164,186$8,000,508$5,001,217$26,479,845
78$37,576,469$8,320,069$5,096,293$28,972,847
79$41,334,521$8,653,005$5,192,272$31,714,641
80$45,473,541$8,999,900$5,289,111$34,730,464
81$50,032,311$9,361,365$5,386,766$38,048,123
82$55,053,571$9,738,036$5,485,187$41,698,255
83$60,584,415$10,130,579$5,584,321$45,714,621
84$66,676,740$10,539,692$5,684,110$50,134,422
85$73,387,733$10,966,102$5,784,493$54,998,648
86$80,780,411$11,410,570$5,885,402$60,352,465
87$88,924,216$11,873,892$5,986,767$66,245,646
88$97,895,672$12,356,899$6,088,509$72,733,033
89$107,779,104$12,860,460$6,190,548$79,875,057
90$118,667,435$13,385,485$6,292,794$87,738,312
91$130,663,064$13,932,925$6,395,153$96,396,177
92$143,878,832$14,503,773$6,497,525$105,929,513
93$158,439,083$15,099,068$6,599,803$116,427,421
94$174,480,846$15,719,899$6,701,873$127,988,090
95$192,155,119$16,367,401$6,803,613$140,719,714
96$211,628,301$17,042,763$6,904,893$154,741,522
97$233,083,758$17,747,229$7,005,577$170,184,897
98$256,723,556$18,482,098$7,105,520$187,194,616
99$282,770,370$19,248,732$7,204,566$205,930,222
100$311,469,581$20,048,553$7,302,551$226,567,521