Can I retire at age 51 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$233,699$231,617$229,586$227,604$225,668$216,972
2 years$115,692$113,538$111,450$109,425$107,461$98,803
3 years$76,362$74,198$72,115$70,110$68,178$59,831
4 years$56,701$54,544$52,481$50,510$48,625$40,653
5 years$44,907$42,763$40,728$38,797$36,964$29,387
6 years$37,047$34,919$32,914$31,026$29,248$22,071
7 years$31,435$29,325$27,352$25,508$23,787$17,008
8 years$27,228$25,137$23,196$21,398$19,733$13,346
9 years$23,958$21,886$19,979$18,226$16,618$10,613
10 years$21,343$19,292$17,418$15,711$14,160$8,525
11 years$19,205$17,174$15,335$13,674$12,178$6,901
12 years$17,424$15,415$13,609$11,994$10,553$5,621
13 years$15,919$13,930$12,159$10,589$9,202$4,600
14 years$14,630$12,662$10,925$9,399$8,067$3,779
15 years$13,514$11,567$9,864$8,383$7,103$3,114
16 years$12,538$10,613$8,943$7,506$6,277$2,573
17 years$11,678$9,774$8,138$6,744$5,566$2,130
18 years$10,914$9,032$7,429$6,077$4,949$1,767
19 years$10,232$8,370$6,801$5,492$4,411$1,467
20 years$9,618$7,778$6,241$4,974$3,940$1,220
21 years$9,064$7,245$5,741$4,514$3,526$1,015
22 years$8,561$6,763$5,291$4,104$3,160$846
23 years$8,102$6,325$4,885$3,738$2,837$705
24 years$7,682$5,926$4,518$3,409$2,550$588
25 years$7,296$5,562$4,185$3,113$2,295$490
26 years$6,941$5,227$3,881$2,847$2,067$409
27 years$6,612$4,919$3,604$2,606$1,863$341
28 years$6,307$4,635$3,350$2,387$1,681$285
29 years$6,024$4,373$3,118$2,189$1,518$238
30 years$5,761$4,130$2,904$2,009$1,372$199
31 years$5,514$3,904$2,707$1,845$1,240$166
32 years$5,284$3,694$2,526$1,696$1,122$139
33 years$5,068$3,498$2,359$1,559$1,015$116
34 years$4,865$3,316$2,204$1,435$919$97
35 years$4,674$3,145$2,060$1,321$833$81
36 years$4,495$2,985$1,927$1,216$754$68
37 years$4,325$2,835$1,804$1,121$684$57
38 years$4,165$2,694$1,689$1,033$620$47
39 years$4,013$2,562$1,583$953$562$40
40 years$3,869$2,437$1,483$879$510$33
41 years$3,733$2,320$1,391$811$463$28
42 years$3,603$2,210$1,305$748$420$23
43 years$3,480$2,105$1,224$691$381$19
44 years$3,362$2,007$1,149$638$346$16
45 years$3,251$1,914$1,079$589$314$14
46 years$3,144$1,826$1,014$544$285$11
47 years$3,042$1,742$952$503$259$9
48 years$2,945$1,663$895$464$235$8
49 years$2,852$1,588$841$429$213$7
50 years$2,763$1,517$791$397$194$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,830,000, adding $4,014 every year, while hoping to spend $32,323 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: 22/49/29 Blend
50$2,830,000$2,830,000$2,830,000$2,830,000
51$3,122,800$2,972,810$2,928,945$3,162,762
52$3,406,935$3,084,087$2,992,674$3,310,109
53$3,718,967$3,199,732$3,057,454$3,464,678
54$4,061,710$3,319,927$3,123,286$3,629,347
55$4,438,259$3,444,858$3,190,171$3,804,965
56$4,852,028$3,574,723$3,258,108$3,992,459
57$5,306,774$3,709,724$3,327,095$4,192,845
58$5,806,640$3,850,075$3,397,127$4,407,235
59$6,356,187$3,995,999$3,468,200$4,636,849
60$6,960,442$4,147,726$3,540,309$4,883,022
61$7,624,943$4,305,500$3,613,445$5,147,218
62$8,355,790$4,469,573$3,687,598$5,431,046
63$9,159,707$4,640,208$3,762,759$5,736,265
64$10,044,099$4,817,681$3,838,914$6,064,810
65$11,017,128$5,002,278$3,916,048$6,418,802
66$12,087,784$5,194,298$3,994,145$6,800,570
67$13,265,975$5,394,056$4,073,185$7,212,672
68$14,562,616$5,601,876$4,153,149$7,657,915
69$15,989,735$5,818,101$4,234,012$8,139,383
70$17,560,585$6,043,085$4,315,748$8,660,464
71$19,289,769$6,277,199$4,398,329$9,224,882
72$21,193,376$6,520,833$4,481,724$9,836,727
73$23,289,137$6,774,390$4,565,898$10,500,496
74$25,596,587$7,038,294$4,650,815$11,221,130
75$28,137,254$7,312,986$4,736,432$12,004,065
76$30,934,859$7,598,926$4,822,707$12,855,275
77$34,015,538$7,896,598$4,909,592$13,781,330
78$37,408,095$8,206,503$4,997,035$14,789,456
79$41,144,266$8,529,167$5,084,981$15,887,601
80$45,259,024$8,865,139$5,173,370$17,084,507
81$49,790,905$9,214,991$5,262,139$18,389,795
82$54,782,375$9,579,324$5,351,219$19,814,045
83$60,280,228$9,958,762$5,440,535$21,368,904
84$66,336,029$10,353,958$5,530,011$23,067,183
85$73,006,599$10,765,597$5,619,561$24,922,987
86$80,354,552$11,194,392$5,709,097$26,951,834
87$88,448,887$11,641,088$5,798,522$29,170,807
88$97,365,637$12,106,464$5,887,736$31,598,711
89$107,188,586$12,591,335$5,976,629$34,256,243
90$118,010,063$13,096,552$6,065,087$37,166,193
91$129,931,811$13,623,004$6,152,989$40,353,646
92$143,065,945$14,171,621$6,240,204$43,846,224
93$157,536,015$14,743,374$6,326,595$47,674,338
94$173,478,169$15,339,280$6,412,016$51,871,474
95$191,042,438$15,960,400$6,496,313$56,474,506
96$210,394,151$16,607,843$6,579,324$61,524,038
97$231,715,498$17,282,771$6,660,875$67,064,786
98$255,207,248$17,986,397$6,740,784$73,145,992
99$281,090,645$18,719,988$6,818,858$79,821,889
100$309,609,495$19,484,872$6,894,894$87,152,208