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%13.8%
1 years$234,525$232,436$230,397$228,408$226,466$222,897
2 years$116,101$113,939$111,843$109,812$107,841$104,255
3 years$76,632$74,460$72,370$70,357$68,419$64,927
4 years$56,901$54,736$52,667$50,689$48,797$45,426
5 years$45,066$42,914$40,872$38,934$37,094$33,855
6 years$37,178$35,042$33,030$31,136$29,352$26,246
7 years$31,546$29,429$27,448$25,598$23,871$20,901
8 years$27,324$25,226$23,278$21,474$19,803$16,968
9 years$24,042$21,964$20,050$18,291$16,677$13,976
10 years$21,418$19,360$17,480$15,767$14,210$11,640
11 years$19,273$17,235$15,389$13,722$12,221$9,779
12 years$17,486$15,469$13,657$12,036$10,590$8,274
13 years$15,975$13,980$12,202$10,626$9,235$7,041
14 years$14,682$12,707$10,963$9,433$8,095$6,020
15 years$13,561$11,608$9,899$8,412$7,128$5,168
16 years$12,582$10,650$8,974$7,532$6,300$4,450
17 years$11,719$9,808$8,166$6,768$5,586$3,843
18 years$10,953$9,063$7,455$6,099$4,966$3,327
19 years$10,268$8,400$6,825$5,511$4,427$2,886
20 years$9,652$7,806$6,263$4,991$3,954$2,507
21 years$9,096$7,271$5,761$4,530$3,538$2,181
22 years$8,591$6,787$5,310$4,119$3,172$1,901
23 years$8,131$6,348$4,903$3,751$2,847$1,658
24 years$7,709$5,947$4,534$3,421$2,559$1,447
25 years$7,322$5,581$4,199$3,124$2,303$1,265
26 years$6,965$5,245$3,895$2,857$2,074$1,106
27 years$6,635$4,937$3,617$2,615$1,870$967
28 years$6,330$4,652$3,362$2,396$1,687$847
29 years$6,046$4,388$3,129$2,197$1,524$742
30 years$5,781$4,144$2,914$2,016$1,377$650
31 years$5,534$3,918$2,717$1,852$1,245$570
32 years$5,303$3,707$2,535$1,702$1,126$499
33 years$5,086$3,511$2,367$1,565$1,019$438
34 years$4,882$3,327$2,211$1,440$923$384
35 years$4,691$3,156$2,068$1,326$836$337
36 years$4,511$2,995$1,934$1,221$757$296
37 years$4,340$2,845$1,810$1,125$686$260
38 years$4,179$2,704$1,695$1,037$622$228
39 years$4,027$2,571$1,588$956$564$200
40 years$3,883$2,446$1,489$882$512$176
41 years$3,746$2,328$1,396$813$464$154
42 years$3,616$2,217$1,309$751$421$135
43 years$3,492$2,113$1,229$693$382$119
44 years$3,374$2,014$1,153$640$347$105
45 years$3,262$1,920$1,083$591$315$92
46 years$3,155$1,832$1,017$546$286$81
47 years$3,053$1,748$956$504$260$71
48 years$2,955$1,669$898$466$236$62
49 years$2,862$1,594$844$431$214$55
50 years$2,773$1,522$794$398$195$48

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 $2,008 every year, while hoping to spend $38,796 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: 37/50/13 Blend
50$2,840,000$2,840,000$2,840,000$2,840,000
51$3,131,751$2,981,231$2,937,211$3,235,087
52$3,409,911$3,086,033$2,994,329$3,414,034
53$3,715,143$3,194,670$3,052,060$3,603,312
54$4,050,168$3,307,288$3,110,384$3,806,909
55$4,417,981$3,424,042$3,169,278$4,026,123
56$4,821,885$3,545,089$3,228,719$4,262,381
57$5,265,514$3,670,596$3,288,678$4,517,249
58$5,752,875$3,800,734$3,349,127$4,792,446
59$6,288,381$3,935,682$3,410,036$5,089,861
60$6,876,893$4,075,628$3,471,369$5,411,570
61$7,523,767$4,220,764$3,533,091$5,759,854
62$8,234,903$4,371,294$3,595,161$6,137,219
63$9,016,802$4,527,426$3,657,538$6,546,421
64$9,876,626$4,689,379$3,720,175$6,990,487
65$10,822,265$4,857,382$3,783,024$7,472,749
66$11,862,413$5,031,671$3,846,032$7,996,869
67$13,006,649$5,212,493$3,909,145$8,566,874
68$14,265,526$5,400,105$3,972,300$9,187,194
69$15,650,674$5,594,773$4,035,436$9,862,703
70$17,174,903$5,796,778$4,098,484$10,598,761
71$18,852,332$6,006,409$4,161,372$11,401,268
72$20,698,514$6,223,967$4,224,022$12,276,713
73$22,730,589$6,449,768$4,286,353$13,232,239
74$24,967,442$6,684,139$4,348,279$14,275,707
75$27,429,881$6,927,422$4,409,706$15,415,769
76$30,140,836$7,179,972$4,470,538$16,661,946
77$33,125,570$7,442,161$4,530,670$18,024,720
78$36,411,924$7,714,372$4,589,994$19,515,632
79$40,030,574$7,997,010$4,648,392$21,147,384
80$44,015,323$8,290,494$4,705,743$22,933,963
81$48,403,417$8,595,259$4,761,917$24,890,767
82$53,235,900$8,911,761$4,816,776$27,034,753
83$58,558,000$9,240,476$4,870,176$29,384,590
84$64,419,553$9,581,896$4,921,963$31,960,839
85$70,875,476$9,936,538$4,971,978$34,786,141
86$77,986,285$10,304,939$5,020,050$37,885,428
87$85,818,665$10,687,659$5,066,000$41,286,161
88$94,446,097$11,085,283$5,109,639$45,018,583
89$103,949,555$11,498,418$5,150,769$49,116,004
90$114,418,271$11,927,702$5,189,181$53,615,111
91$125,950,570$12,373,794$5,224,653$58,556,313
92$138,654,804$12,837,387$5,256,956$63,984,122
93$152,650,375$13,319,200$5,285,845$69,947,568
94$168,068,857$13,819,984$5,311,065$76,500,659
95$185,055,241$14,340,524$5,332,345$83,702,887
96$203,769,301$14,881,635$5,349,405$91,619,792
97$224,387,106$15,444,172$5,361,946$100,323,570
98$247,102,678$16,029,022$5,369,658$109,893,757
99$272,129,822$16,637,116$5,372,213$120,417,974
100$299,704,149$17,269,420$5,369,267$131,992,750