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%14%
1 years$235,350$233,254$231,209$229,212$227,263$223,498
2 years$116,510$114,340$112,237$110,198$108,220$104,438
3 years$76,902$74,723$72,625$70,605$68,660$64,978
4 years$57,102$54,929$52,852$50,867$48,969$45,416
5 years$45,225$43,065$41,016$39,071$37,225$33,812
6 years$37,309$35,166$33,147$31,245$29,455$26,184
7 years$31,657$29,532$27,545$25,688$23,955$20,828
8 years$27,421$25,315$23,360$21,549$19,873$16,890
9 years$24,127$22,041$20,120$18,355$16,736$13,895
10 years$21,494$19,428$17,541$15,822$14,260$11,558
11 years$19,341$17,296$15,443$13,770$12,264$9,699
12 years$17,548$15,524$13,705$12,078$10,628$8,196
13 years$16,032$14,029$12,245$10,663$9,267$6,965
14 years$14,733$12,752$11,002$9,466$8,124$5,947
15 years$13,609$11,649$9,933$8,442$7,153$5,098
16 years$12,627$10,688$9,006$7,559$6,322$4,384
17 years$11,760$9,843$8,195$6,791$5,605$3,781
18 years$10,991$9,095$7,481$6,120$4,984$3,268
19 years$10,304$8,429$6,849$5,530$4,442$2,830
20 years$9,686$7,833$6,285$5,009$3,968$2,455
21 years$9,128$7,296$5,781$4,546$3,551$2,133
22 years$8,621$6,811$5,328$4,133$3,183$1,856
23 years$8,159$6,370$4,920$3,764$2,857$1,616
24 years$7,736$5,968$4,550$3,433$2,568$1,409
25 years$7,348$5,601$4,214$3,135$2,311$1,229
26 years$6,990$5,264$3,908$2,867$2,082$1,073
27 years$6,659$4,954$3,629$2,624$1,877$937
28 years$6,352$4,668$3,374$2,404$1,693$819
29 years$6,067$4,404$3,140$2,205$1,529$716
30 years$5,801$4,159$2,925$2,023$1,382$626
31 years$5,553$3,932$2,726$1,858$1,249$548
32 years$5,321$3,720$2,544$1,708$1,130$480
33 years$5,104$3,523$2,375$1,570$1,023$420
34 years$4,900$3,339$2,219$1,445$926$368
35 years$4,708$3,167$2,075$1,330$839$322
36 years$4,526$3,006$1,941$1,225$760$282
37 years$4,356$2,855$1,817$1,129$689$247
38 years$4,194$2,713$1,701$1,040$624$217
39 years$4,041$2,580$1,594$959$566$190
40 years$3,896$2,455$1,494$885$513$167
41 years$3,759$2,337$1,401$816$466$146
42 years$3,628$2,225$1,314$753$423$128
43 years$3,504$2,120$1,233$695$384$112
44 years$3,386$2,021$1,157$642$348$98
45 years$3,274$1,927$1,087$593$316$86
46 years$3,166$1,839$1,021$548$287$76
47 years$3,064$1,755$959$506$261$66
48 years$2,966$1,675$901$468$237$58
49 years$2,872$1,599$847$432$215$51
50 years$2,783$1,528$796$399$195$45

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 $2,285 every year, while hoping to spend $36,912 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: 54/35/11 Blend
50$2,850,000$2,850,000$2,850,000$2,850,000
51$3,143,057$2,992,007$2,947,832$3,303,831
52$3,424,375$3,099,341$3,007,310$3,520,568
53$3,733,150$3,210,698$3,067,544$3,752,140
54$4,072,144$3,326,235$3,128,519$4,003,316
55$4,444,399$3,446,116$3,190,221$4,275,967
56$4,853,266$3,570,515$3,252,632$4,572,147
57$5,302,437$3,699,608$3,315,733$4,894,116
58$5,795,979$3,833,582$3,379,504$5,244,361
59$6,338,372$3,972,631$3,443,921$5,625,617
60$6,934,553$4,116,956$3,508,958$6,040,891
61$7,589,958$4,266,768$3,574,589$6,493,494
62$8,310,578$4,422,285$3,640,783$6,987,069
63$9,103,016$4,583,735$3,707,507$7,525,622
64$9,974,541$4,751,356$3,774,727$8,113,566
65$10,933,168$4,925,396$3,842,403$8,755,754
66$11,987,723$5,106,112$3,910,496$9,457,530
67$13,147,932$5,293,773$3,978,959$10,224,776
68$14,424,513$5,488,660$4,047,746$11,063,966
69$15,829,274$5,691,064$4,116,806$11,982,229
70$17,375,223$5,901,290$4,186,083$12,987,412
71$19,076,698$6,119,655$4,255,518$14,088,156
72$20,949,493$6,346,490$4,325,050$15,293,976
73$23,011,013$6,582,140$4,394,611$16,615,346
74$25,280,435$6,826,963$4,464,129$18,063,804
75$27,778,890$7,081,335$4,533,528$19,652,053
76$30,529,663$7,345,647$4,602,727$21,394,083
77$33,558,411$7,620,306$4,671,641$23,305,304
78$36,893,404$7,905,736$4,740,176$25,402,683
79$40,565,797$8,202,382$4,808,237$27,704,912
80$44,609,915$8,510,706$4,875,720$30,232,575
81$49,063,584$8,831,189$4,942,515$33,008,348
82$53,968,488$9,164,335$5,008,507$36,057,205
83$59,370,554$9,510,668$5,073,572$39,406,658
84$65,320,395$9,870,736$5,137,582$43,087,011
85$71,873,783$10,245,109$5,200,399$47,131,647
86$79,092,174$10,634,384$5,261,877$51,577,340
87$87,043,289$11,039,182$5,321,863$56,464,600
88$95,801,755$11,460,153$5,380,196$61,838,057
89$105,449,806$11,897,973$5,436,705$67,746,876
90$116,078,061$12,353,348$5,491,209$74,245,221
91$127,786,378$12,827,016$5,543,519$81,392,766
92$140,684,796$13,319,748$5,593,434$89,255,252
93$154,894,575$13,832,346$5,640,745$97,905,111
94$170,549,340$14,365,649$5,685,227$107,422,143
95$187,796,340$14,920,532$5,726,649$117,894,267
96$206,797,838$15,497,910$5,764,764$129,418,353
97$227,732,648$16,098,738$5,799,314$142,101,129
98$250,797,813$16,724,011$5,830,026$156,060,187
99$276,210,472$17,374,770$5,856,614$171,425,092
100$304,209,908$18,052,102$5,878,779$188,338,602