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%16.6%
1 years$235,350$233,254$231,209$229,212$227,263$221,141
2 years$116,510$114,340$112,237$110,198$108,220$102,097
3 years$76,902$74,723$72,625$70,605$68,660$62,725
4 years$57,102$54,929$52,852$50,867$48,969$43,269
5 years$45,225$43,065$41,016$39,071$37,225$31,777
6 years$37,309$35,166$33,147$31,245$29,455$24,263
7 years$31,657$29,532$27,545$25,688$23,955$19,019
8 years$27,421$25,315$23,360$21,549$19,873$15,191
9 years$24,127$22,041$20,120$18,355$16,736$12,303
10 years$21,494$19,428$17,541$15,822$14,260$10,071
11 years$19,341$17,296$15,443$13,770$12,264$8,313
12 years$17,548$15,524$13,705$12,078$10,628$6,907
13 years$16,032$14,029$12,245$10,663$9,267$5,769
14 years$14,733$12,752$11,002$9,466$8,124$4,839
15 years$13,609$11,649$9,933$8,442$7,153$4,074
16 years$12,627$10,688$9,006$7,559$6,322$3,440
17 years$11,760$9,843$8,195$6,791$5,605$2,911
18 years$10,991$9,095$7,481$6,120$4,984$2,469
19 years$10,304$8,429$6,849$5,530$4,442$2,097
20 years$9,686$7,833$6,285$5,009$3,968$1,784
21 years$9,128$7,296$5,781$4,546$3,551$1,520
22 years$8,621$6,811$5,328$4,133$3,183$1,296
23 years$8,159$6,370$4,920$3,764$2,857$1,106
24 years$7,736$5,968$4,550$3,433$2,568$944
25 years$7,348$5,601$4,214$3,135$2,311$807
26 years$6,990$5,264$3,908$2,867$2,082$690
27 years$6,659$4,954$3,629$2,624$1,877$590
28 years$6,352$4,668$3,374$2,404$1,693$505
29 years$6,067$4,404$3,140$2,205$1,529$432
30 years$5,801$4,159$2,925$2,023$1,382$370
31 years$5,553$3,932$2,726$1,858$1,249$317
32 years$5,321$3,720$2,544$1,708$1,130$271
33 years$5,104$3,523$2,375$1,570$1,023$233
34 years$4,900$3,339$2,219$1,445$926$199
35 years$4,708$3,167$2,075$1,330$839$171
36 years$4,526$3,006$1,941$1,225$760$146
37 years$4,356$2,855$1,817$1,129$689$125
38 years$4,194$2,713$1,701$1,040$624$108
39 years$4,041$2,580$1,594$959$566$92
40 years$3,896$2,455$1,494$885$513$79
41 years$3,759$2,337$1,401$816$466$68
42 years$3,628$2,225$1,314$753$423$58
43 years$3,504$2,120$1,233$695$384$50
44 years$3,386$2,021$1,157$642$348$43
45 years$3,274$1,927$1,087$593$316$37
46 years$3,166$1,839$1,021$548$287$31
47 years$3,064$1,755$959$506$261$27
48 years$2,966$1,675$901$468$237$23
49 years$2,872$1,599$847$432$215$20
50 years$2,783$1,528$796$399$195$17

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 $4,898 every year, while hoping to spend $25,164 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: 34/50/16 Blend
50$2,850,000$2,850,000$2,850,000$2,850,000
51$3,145,752$2,994,702$2,950,527$3,236,945
52$3,439,845$3,114,668$3,022,596$3,424,029
53$3,763,091$3,239,669$3,096,235$3,622,937
54$4,118,439$3,369,926$3,171,471$3,836,896
55$4,509,135$3,505,667$3,248,330$4,067,245
56$4,938,756$3,647,134$3,326,839$4,315,457
57$5,411,243$3,794,578$3,407,023$4,583,144
58$5,930,940$3,948,262$3,488,907$4,872,075
59$6,502,630$4,108,461$3,572,520$5,184,192
60$7,131,584$4,275,461$3,657,885$5,521,624
61$7,823,610$4,449,564$3,745,029$5,886,709
62$8,585,109$4,631,083$3,833,978$6,282,014
63$9,423,130$4,820,346$3,924,756$6,710,358
64$10,345,443$5,017,697$4,017,389$7,174,835
65$11,360,608$5,223,494$4,111,902$7,678,845
66$12,478,058$5,438,113$4,208,319$8,226,124
67$13,708,186$5,661,946$4,306,663$8,820,775
68$15,062,444$5,895,405$4,406,959$9,467,309
69$16,553,451$6,138,917$4,509,230$10,170,683
70$18,195,112$6,392,933$4,613,498$10,936,346
71$20,002,748$6,657,922$4,719,785$11,770,288
72$21,993,243$6,934,374$4,828,113$12,679,097
73$24,185,200$7,222,805$4,938,501$13,670,017
74$26,599,119$7,523,751$5,050,969$14,751,012
75$29,257,589$7,837,775$5,165,536$15,930,846
76$32,185,502$8,165,465$5,282,221$17,219,156
77$35,410,286$8,507,436$5,401,039$18,626,544
78$38,962,168$8,864,333$5,522,006$20,164,677
79$42,874,452$9,236,828$5,645,136$21,846,388
80$47,183,841$9,625,627$5,770,443$23,685,802
81$51,930,778$10,031,468$5,897,938$25,698,459
82$57,159,829$10,455,121$6,027,630$27,901,466
83$62,920,104$10,897,396$6,159,529$30,313,648
84$69,265,722$11,359,135$6,293,641$32,955,726
85$76,256,318$11,841,225$6,429,969$35,850,508
86$83,957,608$12,344,590$6,568,518$39,023,104
87$92,442,008$12,870,199$6,709,288$42,501,155
88$101,789,319$13,419,066$6,852,276$46,315,092
89$112,087,481$13,992,251$6,997,478$50,498,420
90$123,433,398$14,590,865$7,144,888$55,088,028
91$135,933,858$15,216,071$7,294,495$60,124,537
92$149,706,538$15,869,085$7,446,287$65,652,673
93$164,881,115$16,551,180$7,600,248$71,721,690
94$181,600,491$17,263,690$7,756,358$78,385,826
95$200,022,141$18,008,011$7,914,596$85,704,812
96$220,319,598$18,785,603$8,074,934$93,744,431
97$242,684,095$19,597,995$8,237,343$102,577,129
98$267,326,366$20,446,790$8,401,786$112,282,700
99$294,478,635$21,333,663$8,568,227$122,949,027
100$324,396,813$22,260,370$8,736,619$134,672,907