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

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$234,525$232,436$230,397$228,408$226,466$224,381
2 years$116,101$113,939$111,843$109,812$107,841$105,740
3 years$76,632$74,460$72,370$70,357$68,419$66,367
4 years$56,901$54,736$52,667$50,689$48,797$46,811
5 years$45,066$42,914$40,872$38,934$37,094$35,180
6 years$37,178$35,042$33,030$31,136$29,352$27,510
7 years$31,546$29,429$27,448$25,598$23,871$22,104
8 years$27,324$25,226$23,278$21,474$19,803$18,110
9 years$24,042$21,964$20,050$18,291$16,677$15,058
10 years$21,418$19,360$17,480$15,767$14,210$12,663
11 years$19,273$17,235$15,389$13,722$12,221$10,746
12 years$17,486$15,469$13,657$12,036$10,590$9,185
13 years$15,975$13,980$12,202$10,626$9,235$7,898
14 years$14,682$12,707$10,963$9,433$8,095$6,825
15 years$13,561$11,608$9,899$8,412$7,128$5,923
16 years$12,582$10,650$8,974$7,532$6,300$5,157
17 years$11,719$9,808$8,166$6,768$5,586$4,504
18 years$10,953$9,063$7,455$6,099$4,966$3,944
19 years$10,268$8,400$6,825$5,511$4,427$3,461
20 years$9,652$7,806$6,263$4,991$3,954$3,043
21 years$9,096$7,271$5,761$4,530$3,538$2,679
22 years$8,591$6,787$5,310$4,119$3,172$2,363
23 years$8,131$6,348$4,903$3,751$2,847$2,086
24 years$7,709$5,947$4,534$3,421$2,559$1,844
25 years$7,322$5,581$4,199$3,124$2,303$1,632
26 years$6,965$5,245$3,895$2,857$2,074$1,445
27 years$6,635$4,937$3,617$2,615$1,870$1,281
28 years$6,330$4,652$3,362$2,396$1,687$1,136
29 years$6,046$4,388$3,129$2,197$1,524$1,008
30 years$5,781$4,144$2,914$2,016$1,377$894
31 years$5,534$3,918$2,717$1,852$1,245$794
32 years$5,303$3,707$2,535$1,702$1,126$706
33 years$5,086$3,511$2,367$1,565$1,019$627
34 years$4,882$3,327$2,211$1,440$923$558
35 years$4,691$3,156$2,068$1,326$836$496
36 years$4,511$2,995$1,934$1,221$757$441
37 years$4,340$2,845$1,810$1,125$686$392
38 years$4,179$2,704$1,695$1,037$622$349
39 years$4,027$2,571$1,588$956$564$311
40 years$3,883$2,446$1,489$882$512$277
41 years$3,746$2,328$1,396$813$464$246
42 years$3,616$2,217$1,309$751$421$219
43 years$3,492$2,113$1,229$693$382$195
44 years$3,374$2,014$1,153$640$347$174
45 years$3,262$1,920$1,083$591$315$155
46 years$3,155$1,832$1,017$546$286$138
47 years$3,053$1,748$956$504$260$123
48 years$2,955$1,669$898$466$236$110
49 years$2,862$1,594$844$431$214$98
50 years$2,773$1,522$794$398$195$87

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 $3,445 every year, while hoping to spend $29,182 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: 54/33/13 Blend
50$2,840,000$2,840,000$2,840,000$2,840,000
51$3,133,234$2,982,714$2,938,694$3,291,610
52$3,421,774$3,097,817$3,006,090$3,514,831
53$3,738,767$3,217,583$3,074,767$3,754,228
54$4,087,085$3,342,208$3,144,735$4,014,123
55$4,469,891$3,471,899$3,216,007$4,296,473
56$4,890,669$3,606,872$3,288,593$4,603,427
57$5,353,260$3,747,351$3,362,503$4,937,349
58$5,861,893$3,893,571$3,437,747$5,300,839
59$6,421,228$4,045,778$3,514,334$5,696,756
60$7,036,400$4,204,228$3,592,271$6,128,247
61$7,713,067$4,369,189$3,671,565$6,598,770
62$8,457,460$4,540,940$3,752,223$7,112,133
63$9,276,448$4,719,773$3,834,249$7,672,525
64$10,177,596$4,905,992$3,917,648$8,284,553
65$11,169,243$5,099,918$4,002,421$8,953,290
66$12,260,574$5,301,882$4,088,571$9,684,319
67$13,461,711$5,512,233$4,176,096$10,483,782
68$14,783,807$5,731,334$4,264,996$11,358,443
69$16,239,150$5,959,564$4,355,268$12,315,745
70$17,841,281$6,197,320$4,446,907$13,363,882
71$19,605,119$6,445,017$4,539,907$14,511,877
72$21,547,107$6,703,088$4,634,259$15,769,661
73$23,685,358$6,971,985$4,729,953$17,148,171
74$26,039,835$7,252,183$4,826,977$18,659,446
75$28,632,534$7,544,176$4,925,316$20,316,747
76$31,487,692$7,848,480$5,024,954$22,134,673
77$34,632,017$8,165,636$5,125,871$24,129,303
78$38,094,940$8,496,209$5,228,044$26,318,341
79$41,908,890$8,840,790$5,331,450$28,721,289
80$46,109,604$9,199,995$5,436,061$31,359,622
81$50,736,459$9,574,471$5,541,845$34,256,992
82$55,832,850$9,964,892$5,648,768$37,439,451
83$61,446,593$10,371,963$5,756,794$40,935,695
84$67,630,379$10,796,423$5,865,880$44,777,327
85$74,442,273$11,239,043$5,975,982$48,999,163
86$81,946,258$11,700,630$6,087,051$53,639,550
87$90,212,842$12,182,026$6,199,033$58,740,732
88$99,319,722$12,684,116$6,311,871$64,349,241
89$109,352,516$13,207,820$6,425,501$70,516,340
90$120,405,574$13,754,105$6,539,857$77,298,499
91$132,582,866$14,323,979$6,654,866$84,757,927
92$145,998,963$14,918,499$6,770,448$92,963,160
93$160,780,121$15,538,769$6,886,522$101,989,701
94$177,065,468$16,185,944$7,002,995$111,920,730
95$195,008,323$16,861,232$7,119,772$122,847,890
96$214,777,637$17,565,898$7,236,750$134,872,145
97$236,559,593$18,301,264$7,353,818$148,104,732
98$260,559,360$19,068,714$7,470,859$162,668,205
99$287,003,030$19,869,696$7,587,748$178,697,592
100$316,139,752$20,705,724$7,704,351$196,341,664