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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.9%
1 years$232,873$230,799$228,775$226,800$224,871$218,549
2 years$115,284$113,137$111,056$109,038$107,081$100,760
3 years$76,092$73,936$71,860$69,862$67,937$61,814
4 years$56,501$54,351$52,296$50,332$48,453$42,577
5 years$44,748$42,612$40,584$38,659$36,833$31,219
6 years$36,916$34,796$32,798$30,916$29,145$23,798
7 years$31,324$29,221$27,255$25,418$23,703$18,623
8 years$27,132$25,048$23,114$21,323$19,664$14,848
9 years$23,873$21,809$19,909$18,162$16,560$12,004
10 years$21,267$19,223$17,357$15,656$14,110$9,808
11 years$19,137$17,113$15,281$13,625$12,135$8,080
12 years$17,363$15,360$13,561$11,951$10,516$6,700
13 years$15,863$13,881$12,116$10,551$9,170$5,585
14 years$14,578$12,618$10,886$9,366$8,038$4,675
15 years$13,466$11,526$9,829$8,353$7,078$3,927
16 years$12,494$10,575$8,911$7,479$6,255$3,309
17 years$11,637$9,739$8,109$6,720$5,546$2,794
18 years$10,876$9,000$7,402$6,056$4,931$2,364
19 years$10,196$8,341$6,777$5,472$4,396$2,004
20 years$9,584$7,751$6,219$4,956$3,926$1,701
21 years$9,032$7,219$5,720$4,498$3,513$1,445
22 years$8,530$6,739$5,272$4,090$3,149$1,230
23 years$8,073$6,303$4,868$3,725$2,827$1,047
24 years$7,655$5,905$4,502$3,397$2,541$892
25 years$7,270$5,542$4,170$3,102$2,287$760
26 years$6,916$5,209$3,867$2,837$2,060$648
27 years$6,589$4,902$3,591$2,596$1,857$553
28 years$6,285$4,619$3,338$2,379$1,676$472
29 years$6,003$4,357$3,107$2,181$1,513$403
30 years$5,740$4,115$2,894$2,002$1,367$344
31 years$5,495$3,890$2,698$1,839$1,236$294
32 years$5,265$3,681$2,517$1,690$1,118$251
33 years$5,050$3,486$2,350$1,554$1,012$215
34 years$4,848$3,304$2,196$1,430$916$184
35 years$4,658$3,134$2,053$1,316$830$157
36 years$4,479$2,974$1,921$1,212$752$134
37 years$4,310$2,825$1,798$1,117$681$115
38 years$4,150$2,685$1,683$1,029$618$98
39 years$3,999$2,553$1,577$949$560$84
40 years$3,855$2,429$1,478$875$508$72
41 years$3,719$2,312$1,386$808$461$61
42 years$3,590$2,202$1,300$745$418$52
43 years$3,467$2,098$1,220$688$380$45
44 years$3,351$2,000$1,145$635$345$38
45 years$3,239$1,907$1,075$587$313$33
46 years$3,133$1,819$1,010$542$284$28
47 years$3,032$1,736$949$501$258$24
48 years$2,935$1,657$892$463$234$21
49 years$2,842$1,583$838$428$213$18
50 years$2,753$1,512$788$395$193$15

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 $4,970 every year, while hoping to spend $52,841 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: 60/34/6 Blend
50$2,820,000$2,820,000$2,820,000$2,820,000
51$3,112,767$2,963,307$2,919,597$3,295,689
52$3,374,046$3,052,286$2,961,181$3,507,661
53$3,660,206$3,143,855$3,002,387$3,732,225
54$3,973,726$3,238,083$3,043,146$3,975,806
55$4,317,342$3,335,045$3,083,387$4,240,233
56$4,694,063$3,434,814$3,123,033$4,527,518
57$5,107,204$3,537,467$3,162,001$4,839,875
58$5,560,417$3,643,081$3,200,207$5,179,743
59$6,057,725$3,751,738$3,237,559$5,549,803
60$6,603,559$3,863,518$3,273,963$5,953,009
61$7,202,797$3,978,506$3,309,316$6,392,610
62$7,860,816$4,096,787$3,343,512$6,872,186
63$8,583,539$4,218,449$3,376,439$7,395,677
64$9,377,488$4,343,581$3,407,978$7,967,420
65$10,249,850$4,472,275$3,438,004$8,592,194
66$11,208,543$4,604,624$3,466,385$9,275,257
67$12,262,289$4,740,725$3,492,983$10,022,403
68$13,420,697$4,880,675$3,517,652$10,840,012
69$14,694,353$5,024,573$3,540,239$11,735,109
70$16,094,922$5,172,522$3,560,582$12,715,433
71$17,635,254$5,324,626$3,578,511$13,789,509
72$19,329,507$5,480,989$3,593,848$14,966,724
73$21,193,280$5,641,722$3,606,406$16,257,420
74$23,243,762$5,806,934$3,615,988$17,672,988
75$25,499,890$5,976,737$3,622,387$19,225,978
76$27,982,527$6,151,246$3,625,386$20,930,214
77$30,714,666$6,330,578$3,624,758$22,800,923
78$33,721,638$6,514,853$3,620,263$24,854,885
79$37,031,354$6,704,189$3,611,651$27,110,581
80$40,674,570$6,898,712$3,598,659$29,588,374
81$44,685,173$7,098,546$3,581,011$32,310,701
82$49,100,505$7,303,819$3,558,418$35,302,277
83$53,961,709$7,514,659$3,530,579$38,590,336
84$59,314,125$7,731,198$3,497,174$42,204,883
85$65,207,709$7,953,570$3,457,873$46,178,976
86$71,697,510$8,181,910$3,412,327$50,549,042
87$78,844,187$8,416,355$3,360,171$55,355,214
88$86,714,582$8,657,044$3,301,024$60,641,714
89$95,382,348$8,904,118$3,234,487$66,457,268
90$104,928,647$9,157,719$3,160,141$72,855,566
91$115,442,913$9,417,991$3,077,550$79,895,766
92$127,023,698$9,685,081$2,986,256$87,643,054
93$139,779,599$9,959,134$2,885,780$96,169,258
94$153,830,287$10,240,300$2,775,622$105,553,527
95$169,307,629$10,528,728$2,655,258$115,883,073
96$186,356,940$10,824,568$2,524,142$127,253,998
97$205,138,348$11,127,972$2,381,701$139,772,198
98$225,828,309$11,439,093$2,227,338$153,554,364
99$248,621,271$11,758,083$2,060,428$168,729,080
100$273,731,507$12,085,095$1,880,319$185,438,039