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

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$233,699$231,617$229,586$227,604$225,668$220,571
2 years$115,692$113,538$111,450$109,425$107,461$102,353
3 years$76,362$74,198$72,115$70,110$68,178$63,219
4 years$56,701$54,544$52,481$50,510$48,625$43,853
5 years$44,907$42,763$40,728$38,797$36,964$32,392
6 years$37,047$34,919$32,914$31,026$29,248$24,881
7 years$31,435$29,325$27,352$25,508$23,787$19,626
8 years$27,228$25,137$23,196$21,398$19,733$15,776
9 years$23,958$21,886$19,979$18,226$16,618$12,863
10 years$21,343$19,292$17,418$15,711$14,160$10,601
11 years$19,205$17,174$15,335$13,674$12,178$8,812
12 years$17,424$15,415$13,609$11,994$10,553$7,374
13 years$15,919$13,930$12,159$10,589$9,202$6,205
14 years$14,630$12,662$10,925$9,399$8,067$5,245
15 years$13,514$11,567$9,864$8,383$7,103$4,449
16 years$12,538$10,613$8,943$7,506$6,277$3,786
17 years$11,678$9,774$8,138$6,744$5,566$3,230
18 years$10,914$9,032$7,429$6,077$4,949$2,761
19 years$10,232$8,370$6,801$5,492$4,411$2,365
20 years$9,618$7,778$6,241$4,974$3,940$2,029
21 years$9,064$7,245$5,741$4,514$3,526$1,743
22 years$8,561$6,763$5,291$4,104$3,160$1,499
23 years$8,102$6,325$4,885$3,738$2,837$1,290
24 years$7,682$5,926$4,518$3,409$2,550$1,111
25 years$7,296$5,562$4,185$3,113$2,295$958
26 years$6,941$5,227$3,881$2,847$2,067$826
27 years$6,612$4,919$3,604$2,606$1,863$713
28 years$6,307$4,635$3,350$2,387$1,681$616
29 years$6,024$4,373$3,118$2,189$1,518$532
30 years$5,761$4,130$2,904$2,009$1,372$459
31 years$5,514$3,904$2,707$1,845$1,240$397
32 years$5,284$3,694$2,526$1,696$1,122$343
33 years$5,068$3,498$2,359$1,559$1,015$297
34 years$4,865$3,316$2,204$1,435$919$257
35 years$4,674$3,145$2,060$1,321$833$222
36 years$4,495$2,985$1,927$1,216$754$192
37 years$4,325$2,835$1,804$1,121$684$166
38 years$4,165$2,694$1,689$1,033$620$144
39 years$4,013$2,562$1,583$953$562$124
40 years$3,869$2,437$1,483$879$510$108
41 years$3,733$2,320$1,391$811$463$93
42 years$3,603$2,210$1,305$748$420$81
43 years$3,480$2,105$1,224$691$381$70
44 years$3,362$2,007$1,149$638$346$60
45 years$3,251$1,914$1,079$589$314$52
46 years$3,144$1,826$1,014$544$285$45
47 years$3,042$1,742$952$503$259$39
48 years$2,945$1,663$895$464$235$34
49 years$2,852$1,588$841$429$213$29
50 years$2,763$1,517$791$397$194$25

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 $2,040 every year, while hoping to spend $44,698 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: 51/24/25 Blend
50$2,830,000$2,830,000$2,830,000$2,830,000
51$3,120,764$2,970,774$2,926,909$3,257,942
52$3,391,524$3,068,784$2,977,402$3,451,419
53$3,688,403$3,170,098$3,028,089$3,656,982
54$4,014,018$3,274,831$3,078,928$3,879,599
55$4,371,253$3,383,102$3,129,877$4,120,909
56$4,763,280$3,495,034$3,180,888$4,382,715
57$5,193,599$3,610,755$3,231,912$4,667,003
58$5,666,061$3,730,397$3,282,896$4,975,956
59$6,184,910$3,854,097$3,333,783$5,311,980
60$6,754,820$3,981,997$3,384,514$5,677,723
61$7,380,941$4,114,244$3,435,024$6,076,099
62$8,068,945$4,250,990$3,485,246$6,510,318
63$8,825,083$4,392,395$3,535,108$6,983,913
64$9,656,241$4,538,621$3,584,533$7,500,776
65$10,570,002$4,689,838$3,633,440$8,065,192
66$11,574,726$4,846,223$3,681,743$8,681,880
67$12,679,618$5,007,959$3,729,352$9,356,038
68$13,894,824$5,175,234$3,776,170$10,093,390
69$15,231,521$5,348,245$3,822,096$10,900,241
70$16,702,022$5,527,195$3,867,023$11,783,536
71$18,319,897$5,712,296$3,910,836$12,750,924
72$20,100,094$5,903,766$3,953,417$13,810,832
73$22,059,085$6,101,832$3,994,638$14,972,541
74$24,215,021$6,306,731$4,034,367$16,246,277
75$26,587,898$6,518,705$4,072,463$17,643,305
76$29,199,751$6,738,010$4,108,778$19,176,035
77$32,074,859$6,964,906$4,143,157$20,858,136
78$35,239,976$7,199,668$4,175,433$22,704,673
79$38,724,580$7,442,577$4,205,436$24,732,239
80$42,561,151$7,693,928$4,232,983$26,959,116
81$46,785,484$7,954,025$4,257,883$29,405,449
82$51,437,015$8,223,185$4,279,934$32,093,429
83$56,559,204$8,501,734$4,298,925$35,047,510
84$62,199,938$8,790,015$4,314,635$38,294,635
85$68,411,986$9,088,379$4,326,829$41,864,489
86$75,253,494$9,397,195$4,335,263$45,789,780
87$82,788,535$9,716,842$4,339,679$50,106,550
88$91,087,714$10,047,717$4,339,807$54,854,509
89$100,228,835$10,390,228$4,335,364$60,077,414
90$110,297,630$10,744,804$4,326,053$65,823,481
91$121,388,574$11,111,885$4,311,562$72,145,837
92$133,605,773$11,491,932$4,291,564$79,103,023
93$147,063,947$11,885,421$4,265,716$86,759,546
94$161,889,511$12,292,848$4,233,659$95,186,486
95$178,221,772$12,714,729$4,195,017$104,462,170
96$196,214,239$13,151,596$4,149,396$114,672,904
97$216,036,073$13,604,006$4,096,383$125,913,796
98$237,873,686$14,072,536$4,035,545$138,289,646
99$261,932,496$14,557,785$3,966,430$151,915,937
100$288,438,869$15,060,375$3,888,564$166,919,927