Can I retire at age 51 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$234,525$232,436$230,397$228,408$226,466$222,622
2 years$116,101$113,939$111,843$109,812$107,841$103,980
3 years$76,632$74,460$72,370$70,357$68,419$64,662
4 years$56,901$54,736$52,667$50,689$48,797$45,172
5 years$45,066$42,914$40,872$38,934$37,094$33,612
6 years$37,178$35,042$33,030$31,136$29,352$26,016
7 years$31,546$29,429$27,448$25,598$23,871$20,683
8 years$27,324$25,226$23,278$21,474$19,803$16,762
9 years$24,042$21,964$20,050$18,291$16,677$13,781
10 years$21,418$19,360$17,480$15,767$14,210$11,457
11 years$19,273$17,235$15,389$13,722$12,221$9,608
12 years$17,486$15,469$13,657$12,036$10,590$8,113
13 years$15,975$13,980$12,202$10,626$9,235$6,891
14 years$14,682$12,707$10,963$9,433$8,095$5,880
15 years$13,561$11,608$9,899$8,412$7,128$5,037
16 years$12,582$10,650$8,974$7,532$6,300$4,328
17 years$11,719$9,808$8,166$6,768$5,586$3,730
18 years$10,953$9,063$7,455$6,099$4,966$3,222
19 years$10,268$8,400$6,825$5,511$4,427$2,788
20 years$9,652$7,806$6,263$4,991$3,954$2,417
21 years$9,096$7,271$5,761$4,530$3,538$2,098
22 years$8,591$6,787$5,310$4,119$3,172$1,824
23 years$8,131$6,348$4,903$3,751$2,847$1,587
24 years$7,709$5,947$4,534$3,421$2,559$1,382
25 years$7,322$5,581$4,199$3,124$2,303$1,205
26 years$6,965$5,245$3,895$2,857$2,074$1,051
27 years$6,635$4,937$3,617$2,615$1,870$917
28 years$6,330$4,652$3,362$2,396$1,687$801
29 years$6,046$4,388$3,129$2,197$1,524$700
30 years$5,781$4,144$2,914$2,016$1,377$612
31 years$5,534$3,918$2,717$1,852$1,245$535
32 years$5,303$3,707$2,535$1,702$1,126$468
33 years$5,086$3,511$2,367$1,565$1,019$409
34 years$4,882$3,327$2,211$1,440$923$358
35 years$4,691$3,156$2,068$1,326$836$313
36 years$4,511$2,995$1,934$1,221$757$274
37 years$4,340$2,845$1,810$1,125$686$240
38 years$4,179$2,704$1,695$1,037$622$210
39 years$4,027$2,571$1,588$956$564$184
40 years$3,883$2,446$1,489$882$512$161
41 years$3,746$2,328$1,396$813$464$141
42 years$3,616$2,217$1,309$751$421$124
43 years$3,492$2,113$1,229$693$382$108
44 years$3,374$2,014$1,153$640$347$95
45 years$3,262$1,920$1,083$591$315$83
46 years$3,155$1,832$1,017$546$286$73
47 years$3,053$1,748$956$504$260$64
48 years$2,955$1,669$898$466$236$56
49 years$2,862$1,594$844$431$214$49
50 years$2,773$1,522$794$398$195$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,840,000, adding $2,661 every year, while hoping to spend $54,282 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: 28/47/25 Blend
50$2,840,000$2,840,000$2,840,000$2,840,000
51$3,132,425$2,981,905$2,937,885$3,195,621
52$3,394,177$3,070,263$2,978,548$3,334,084
53$3,680,808$3,161,130$3,018,755$3,477,825
54$3,994,798$3,254,574$3,058,432$3,631,145
55$4,338,881$3,350,661$3,097,502$3,794,900
56$4,716,062$3,449,460$3,135,884$3,970,030
57$5,129,657$3,551,040$3,173,493$4,157,572
58$5,583,314$3,655,473$3,210,237$4,358,662
59$6,081,053$3,762,831$3,246,020$4,574,552
60$6,627,300$3,873,190$3,280,742$4,806,619
61$7,226,934$3,986,625$3,314,295$5,056,378
62$7,885,324$4,103,213$3,346,568$5,325,495
63$8,608,390$4,223,033$3,377,440$5,615,804
64$9,402,650$4,346,165$3,406,788$5,929,325
65$10,275,284$4,472,692$3,434,480$6,268,280
66$11,234,204$4,602,695$3,460,376$6,635,114
67$12,288,126$4,736,260$3,484,332$7,032,521
68$13,446,651$4,873,472$3,506,192$7,463,468
69$14,720,357$5,014,420$3,525,798$7,931,218
70$16,120,898$5,159,192$3,542,977$8,439,370
71$17,661,116$5,307,878$3,557,553$8,991,883
72$19,355,156$5,460,571$3,569,337$9,593,119
73$21,218,605$5,617,362$3,578,133$10,247,884
74$23,268,637$5,778,346$3,583,735$10,961,468
75$25,524,172$5,943,620$3,585,924$11,739,702
76$28,006,059$6,113,279$3,584,474$12,589,009
77$30,737,269$6,287,422$3,579,146$13,516,461
78$33,743,113$6,466,147$3,569,689$14,529,855
79$37,051,477$6,649,555$3,555,841$15,637,776
80$40,693,091$6,837,747$3,537,325$16,849,685
81$44,701,815$7,030,825$3,513,854$18,176,005
82$49,114,956$7,228,892$3,485,124$19,628,222
83$53,973,625$7,432,050$3,450,819$21,218,989
84$59,323,119$7,640,406$3,410,606$22,962,250
85$65,213,354$7,854,062$3,364,138$24,873,368
86$71,699,330$8,073,125$3,311,051$26,969,272
87$78,841,653$8,297,700$3,250,962$29,268,617
88$86,707,107$8,527,892$3,183,474$31,791,959
89$95,369,280$8,763,807$3,108,169$34,561,949
90$104,909,264$9,005,551$3,024,610$37,603,547
91$115,416,413$9,253,227$2,932,339$40,944,259
92$126,989,194$9,506,942$2,830,879$44,614,396
93$139,736,108$9,766,799$2,719,730$48,647,360
94$153,776,719$10,032,900$2,598,369$53,079,959
95$169,242,779$10,305,347$2,466,249$57,952,756
96$186,279,474$10,584,240$2,322,800$63,310,452
97$205,046,791$10,869,678$2,167,423$69,202,306
98$225,721,028$11,161,757$1,999,497$75,682,605
99$248,496,460$11,460,570$1,818,368$82,811,172
100$273,587,172$11,766,211$1,623,355$90,653,934