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%17.6%
1 years$232,873$230,799$228,775$226,800$224,871$217,934
2 years$115,284$113,137$111,056$109,038$107,081$100,154
3 years$76,092$73,936$71,860$69,862$67,937$61,235
4 years$56,501$54,351$52,296$50,332$48,453$42,029
5 years$44,748$42,612$40,584$38,659$36,833$30,704
6 years$36,916$34,796$32,798$30,916$29,145$23,315
7 years$31,324$29,221$27,255$25,418$23,703$18,173
8 years$27,132$25,048$23,114$21,323$19,664$14,430
9 years$23,873$21,809$19,909$18,162$16,560$11,616
10 years$21,267$19,223$17,357$15,656$14,110$9,449
11 years$19,137$17,113$15,281$13,625$12,135$7,750
12 years$17,363$15,360$13,561$11,951$10,516$6,396
13 years$15,863$13,881$12,116$10,551$9,170$5,307
14 years$14,578$12,618$10,886$9,366$8,038$4,421
15 years$13,466$11,526$9,829$8,353$7,078$3,696
16 years$12,494$10,575$8,911$7,479$6,255$3,098
17 years$11,637$9,739$8,109$6,720$5,546$2,603
18 years$10,876$9,000$7,402$6,056$4,931$2,191
19 years$10,196$8,341$6,777$5,472$4,396$1,847
20 years$9,584$7,751$6,219$4,956$3,926$1,560
21 years$9,032$7,219$5,720$4,498$3,513$1,318
22 years$8,530$6,739$5,272$4,090$3,149$1,115
23 years$8,073$6,303$4,868$3,725$2,827$944
24 years$7,655$5,905$4,502$3,397$2,541$800
25 years$7,270$5,542$4,170$3,102$2,287$678
26 years$6,916$5,209$3,867$2,837$2,060$575
27 years$6,589$4,902$3,591$2,596$1,857$488
28 years$6,285$4,619$3,338$2,379$1,676$414
29 years$6,003$4,357$3,107$2,181$1,513$352
30 years$5,740$4,115$2,894$2,002$1,367$299
31 years$5,495$3,890$2,698$1,839$1,236$254
32 years$5,265$3,681$2,517$1,690$1,118$215
33 years$5,050$3,486$2,350$1,554$1,012$183
34 years$4,848$3,304$2,196$1,430$916$156
35 years$4,658$3,134$2,053$1,316$830$132
36 years$4,479$2,974$1,921$1,212$752$112
37 years$4,310$2,825$1,798$1,117$681$95
38 years$4,150$2,685$1,683$1,029$618$81
39 years$3,999$2,553$1,577$949$560$69
40 years$3,855$2,429$1,478$875$508$59
41 years$3,719$2,312$1,386$808$461$50
42 years$3,590$2,202$1,300$745$418$42
43 years$3,467$2,098$1,220$688$380$36
44 years$3,351$2,000$1,145$635$345$31
45 years$3,239$1,907$1,075$587$313$26
46 years$3,133$1,819$1,010$542$284$22
47 years$3,032$1,736$949$501$258$19
48 years$2,935$1,657$892$463$234$16
49 years$2,842$1,583$838$428$213$14
50 years$2,753$1,512$788$395$193$12

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 $5,741 every year, while hoping to spend $51,844 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: 63/7/30 Blend
50$2,820,000$2,820,000$2,820,000$2,820,000
51$3,113,562$2,964,102$2,920,392$3,284,283
52$3,375,984$3,054,181$2,963,063$3,491,065
53$3,663,435$3,146,937$3,005,427$3,710,712
54$3,978,413$3,242,445$3,047,417$3,949,560
55$4,323,671$3,340,785$3,088,965$4,209,506
56$4,702,238$3,442,036$3,129,998$4,492,635
57$5,117,452$3,546,281$3,170,439$4,801,248
58$5,572,989$3,653,606$3,210,205$5,137,877
59$6,072,897$3,764,096$3,249,210$5,505,313
60$6,621,638$3,877,841$3,287,364$5,906,631
61$7,224,122$3,994,933$3,324,568$6,345,218
62$7,885,764$4,115,465$3,360,722$6,824,808
63$8,612,523$4,239,535$3,395,717$7,349,513
64$9,410,967$4,367,239$3,429,441$7,923,864
65$10,288,332$4,498,680$3,461,773$8,552,856
66$11,252,588$4,633,961$3,492,589$9,241,990
67$12,312,515$4,773,189$3,521,754$9,997,330
68$13,477,788$4,916,471$3,549,129$10,825,557
69$14,759,065$5,063,921$3,574,567$11,734,032
70$16,168,089$5,215,652$3,597,914$12,730,870
71$17,717,796$5,371,781$3,619,006$13,825,010
72$19,422,441$5,532,428$3,637,673$15,026,304
73$21,297,728$5,697,715$3,653,733$16,345,609
74$23,360,963$5,867,769$3,666,999$17,794,889
75$25,631,209$6,042,718$3,677,272$19,387,330
76$28,129,475$6,222,694$3,684,343$21,137,459
77$30,878,906$6,407,830$3,687,993$23,061,290
78$33,905,006$6,598,266$3,687,993$25,176,467
79$37,235,876$6,794,141$3,684,100$27,502,436
80$40,902,481$6,995,599$3,676,063$30,060,626
81$44,938,939$7,202,788$3,663,616$32,874,654
82$49,382,844$7,415,858$3,646,480$35,970,544
83$54,275,622$7,634,963$3,624,365$39,376,978
84$59,662,918$7,860,259$3,596,964$43,125,564
85$65,595,031$8,091,907$3,563,958$47,251,134
86$72,127,384$8,330,070$3,525,011$51,792,074
87$79,321,049$8,574,916$3,479,771$56,790,688
88$87,243,324$8,826,614$3,427,870$62,293,596
89$95,968,363$9,085,339$3,368,924$68,352,177
90$105,577,883$9,351,267$3,302,530$75,023,049
91$116,161,927$9,624,579$3,228,265$82,368,610
92$127,819,719$9,905,459$3,145,687$90,457,623
93$140,660,598$10,194,094$3,054,335$99,365,870
94$154,805,050$10,490,675$2,953,726$109,176,863
95$170,385,843$10,795,397$2,843,354$119,982,636
96$187,549,284$11,108,456$2,722,692$131,884,616
97$206,456,595$11,430,054$2,591,185$144,994,575
98$227,285,435$11,760,395$2,448,258$159,435,694
99$250,231,581$12,099,685$2,293,306$175,343,719
100$275,510,769$12,448,137$2,125,699$192,868,248