Can I retire at age 51 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$235,350$233,254$231,209$229,212$227,263$218,419
2 years$116,510$114,340$112,237$110,198$108,220$99,417
3 years$76,902$74,723$72,625$70,605$68,660$60,174
4 years$57,102$54,929$52,852$50,867$48,969$40,865
5 years$45,225$43,065$41,016$39,071$37,225$29,525
6 years$37,309$35,166$33,147$31,245$29,455$22,163
7 years$31,657$29,532$27,545$25,688$23,955$17,068
8 years$27,421$25,315$23,360$21,549$19,873$13,385
9 years$24,127$22,041$20,120$18,355$16,736$10,638
10 years$21,494$19,428$17,541$15,822$14,260$8,540
11 years$19,341$17,296$15,443$13,770$12,264$6,909
12 years$17,548$15,524$13,705$12,078$10,628$5,623
13 years$16,032$14,029$12,245$10,663$9,267$4,599
14 years$14,733$12,752$11,002$9,466$8,124$3,775
15 years$13,609$11,649$9,933$8,442$7,153$3,109
16 years$12,627$10,688$9,006$7,559$6,322$2,567
17 years$11,760$9,843$8,195$6,791$5,605$2,124
18 years$10,991$9,095$7,481$6,120$4,984$1,760
19 years$10,304$8,429$6,849$5,530$4,442$1,460
20 years$9,686$7,833$6,285$5,009$3,968$1,213
21 years$9,128$7,296$5,781$4,546$3,551$1,009
22 years$8,621$6,811$5,328$4,133$3,183$840
23 years$8,159$6,370$4,920$3,764$2,857$699
24 years$7,736$5,968$4,550$3,433$2,568$583
25 years$7,348$5,601$4,214$3,135$2,311$486
26 years$6,990$5,264$3,908$2,867$2,082$405
27 years$6,659$4,954$3,629$2,624$1,877$338
28 years$6,352$4,668$3,374$2,404$1,693$282
29 years$6,067$4,404$3,140$2,205$1,529$235
30 years$5,801$4,159$2,925$2,023$1,382$196
31 years$5,553$3,932$2,726$1,858$1,249$164
32 years$5,321$3,720$2,544$1,708$1,130$137
33 years$5,104$3,523$2,375$1,570$1,023$114
34 years$4,900$3,339$2,219$1,445$926$95
35 years$4,708$3,167$2,075$1,330$839$80
36 years$4,526$3,006$1,941$1,225$760$67
37 years$4,356$2,855$1,817$1,129$689$56
38 years$4,194$2,713$1,701$1,040$624$46
39 years$4,041$2,580$1,594$959$566$39
40 years$3,896$2,455$1,494$885$513$32
41 years$3,759$2,337$1,401$816$466$27
42 years$3,628$2,225$1,314$753$423$23
43 years$3,504$2,120$1,233$695$384$19
44 years$3,386$2,021$1,157$642$348$16
45 years$3,274$1,927$1,087$593$316$13
46 years$3,166$1,839$1,021$548$287$11
47 years$3,064$1,755$959$506$261$9
48 years$2,966$1,675$901$468$237$8
49 years$2,872$1,599$847$432$215$6
50 years$2,783$1,528$796$399$195$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,850,000, adding $3,097 every year, while hoping to spend $22,148 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: 38/41/21 Blend
50$2,850,000$2,850,000$2,850,000$2,850,000
51$3,143,895$2,992,845$2,948,670$3,243,484
52$3,441,006$3,115,929$3,023,885$3,438,927
53$3,767,682$3,244,302$3,100,877$3,647,696
54$4,126,912$3,378,199$3,179,683$3,872,870
55$4,521,994$3,517,868$3,260,340$4,115,942
56$4,956,559$3,663,565$3,342,883$4,378,552
57$5,434,610$3,815,562$3,427,352$4,662,501
58$5,960,555$3,974,140$3,513,783$4,969,764
59$6,539,253$4,139,593$3,602,216$5,302,511
60$7,176,055$4,312,232$3,692,688$5,663,125
61$7,876,860$4,492,379$3,785,241$6,054,223
62$8,648,166$4,680,371$3,879,912$6,478,681
63$9,497,133$4,876,563$3,976,743$6,939,657
64$10,431,650$5,081,324$4,075,774$7,440,623
65$11,460,411$5,295,042$4,177,045$7,985,395
66$12,592,994$5,518,121$4,280,597$8,578,167
67$13,839,956$5,750,984$4,386,473$9,223,551
68$15,212,925$5,994,076$4,494,714$9,926,617
69$16,724,718$6,247,861$4,605,361$10,692,940
70$18,389,456$6,512,823$4,718,458$11,528,652
71$20,222,700$6,789,470$4,834,046$12,440,497
72$22,241,597$7,078,336$4,952,168$13,435,893
73$24,465,041$7,379,976$5,072,867$14,523,002
74$26,913,853$7,694,972$5,196,185$15,710,801
75$29,610,974$8,023,934$5,322,166$17,009,170
76$32,581,688$8,367,501$5,450,853$18,428,980
77$35,853,851$8,726,340$5,582,287$19,982,193
78$39,458,164$9,101,150$5,716,514$21,681,975
79$43,428,453$9,492,664$5,853,574$23,542,816
80$47,801,997$9,901,646$5,993,511$25,580,665
81$52,619,874$10,328,900$6,136,366$27,813,078
82$57,927,350$10,775,264$6,282,183$30,259,381
83$63,774,306$11,241,618$6,431,002$32,940,849
84$70,215,709$11,728,882$6,582,865$35,880,906
85$77,312,134$12,238,020$6,737,814$39,105,341
86$85,130,328$12,770,039$6,895,887$42,642,548
87$93,743,847$13,325,997$7,057,124$46,523,791
88$103,233,747$13,906,998$7,221,566$50,783,499
89$113,689,350$14,514,202$7,389,249$55,459,582
90$125,209,086$15,148,820$7,560,211$60,593,788
91$137,901,422$15,812,122$7,734,488$66,232,094
92$151,885,889$16,505,437$7,912,115$72,425,132
93$167,294,205$17,230,159$8,093,125$79,228,669
94$184,271,521$17,987,744$8,277,553$86,704,121
95$202,977,793$18,779,720$8,465,428$94,919,136
96$223,589,288$19,607,687$8,656,780$103,948,222
97$246,300,250$20,473,318$8,851,636$113,873,445
98$271,324,733$21,378,368$9,050,023$124,785,205
99$298,898,621$22,324,674$9,251,965$136,783,076
100$329,281,858$23,314,160$9,457,483$149,976,742