Can I retire at age 51 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$236,176$234,072$232,020$230,017$228,060$225,867
2 years$116,919$114,741$112,631$110,585$108,600$106,390
3 years$77,172$74,985$72,880$70,853$68,900$66,743
4 years$57,302$55,122$53,038$51,045$49,140$47,052
5 years$45,383$43,216$41,159$39,208$37,356$35,342
6 years$37,440$35,289$33,263$31,355$29,558$27,623
7 years$31,769$29,636$27,642$25,779$24,039$22,182
8 years$27,517$25,403$23,442$21,625$19,943$18,164
9 years$24,212$22,118$20,191$18,420$16,794$15,093
10 years$21,569$19,496$17,603$15,878$14,310$12,685
11 years$19,408$17,356$15,497$13,819$12,307$10,758
12 years$17,609$15,578$13,753$12,121$10,665$9,190
13 years$16,088$14,078$12,288$10,701$9,300$7,897
14 years$14,785$12,796$11,041$9,499$8,152$6,820
15 years$13,657$11,690$9,968$8,471$7,178$5,914
16 years$12,671$10,725$9,038$7,585$6,344$5,146
17 years$11,802$9,878$8,224$6,815$5,625$4,491
18 years$11,030$9,127$7,507$6,142$5,001$3,930
19 years$10,340$8,459$6,873$5,550$4,458$3,446
20 years$9,720$7,861$6,307$5,026$3,982$3,027
21 years$9,160$7,322$5,802$4,562$3,563$2,664
22 years$8,651$6,835$5,347$4,148$3,194$2,348
23 years$8,188$6,392$4,937$3,777$2,867$2,071
24 years$7,763$5,989$4,566$3,445$2,577$1,830
25 years$7,374$5,621$4,229$3,146$2,319$1,617
26 years$7,014$5,282$3,922$2,877$2,089$1,431
27 years$6,682$4,971$3,642$2,633$1,883$1,267
28 years$6,374$4,684$3,386$2,413$1,699$1,123
29 years$6,088$4,419$3,151$2,212$1,534$995
30 years$5,822$4,174$2,935$2,030$1,386$883
31 years$5,573$3,945$2,736$1,865$1,253$784
32 years$5,340$3,733$2,553$1,714$1,134$696
33 years$5,122$3,535$2,384$1,576$1,026$618
34 years$4,917$3,351$2,227$1,450$929$549
35 years$4,724$3,178$2,082$1,335$841$488
36 years$4,542$3,016$1,948$1,229$762$433
37 years$4,371$2,865$1,823$1,133$691$385
38 years$4,209$2,723$1,707$1,044$626$342
39 years$4,055$2,589$1,599$963$568$305
40 years$3,910$2,463$1,499$888$515$271
41 years$3,772$2,345$1,406$819$467$241
42 years$3,641$2,233$1,319$756$424$214
43 years$3,517$2,128$1,237$698$385$191
44 years$3,398$2,028$1,162$644$349$170
45 years$3,285$1,934$1,091$595$317$151
46 years$3,177$1,845$1,024$550$288$134
47 years$3,075$1,761$962$508$262$120
48 years$2,976$1,681$904$469$238$106
49 years$2,882$1,605$850$434$216$95
50 years$2,792$1,533$799$401$196$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,860,000, adding $3,884 every year, while hoping to spend $58,457 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: 65/24/11 Blend
50$2,860,000$2,860,000$2,860,000$2,860,000
51$3,155,726$3,004,146$2,959,816$3,352,930
52$3,415,413$3,089,152$2,996,772$3,569,957
53$3,699,628$3,176,363$3,033,007$3,799,776
54$4,010,812$3,265,827$3,068,435$4,049,394
55$4,351,652$3,357,590$3,102,965$4,320,736
56$4,725,108$3,451,699$3,136,501$4,615,923
57$5,134,438$3,548,201$3,168,943$4,937,291
58$5,583,232$3,647,144$3,200,184$5,287,411
59$6,075,443$3,748,576$3,230,112$5,669,113
60$6,615,425$3,852,543$3,258,608$6,085,516
61$7,207,974$3,959,094$3,285,547$6,540,052
62$7,858,374$4,068,276$3,310,799$7,036,503
63$8,572,442$4,180,135$3,334,225$7,579,034
64$9,356,590$4,294,721$3,355,680$8,172,232
65$10,217,878$4,412,078$3,375,012$8,821,148
66$11,164,086$4,532,254$3,392,058$9,531,350
67$12,203,782$4,655,293$3,406,652$10,308,967
68$13,346,407$4,781,242$3,418,614$11,160,753
69$14,602,362$4,910,145$3,427,759$12,094,149
70$15,983,105$5,042,044$3,433,891$13,117,351
71$17,501,260$5,176,982$3,436,805$14,239,388
72$19,170,735$5,315,001$3,436,284$15,470,210
73$21,006,853$5,456,139$3,432,103$16,820,777
74$23,026,497$5,600,435$3,424,023$18,303,165
75$25,248,269$5,747,925$3,411,797$19,930,679
76$27,692,663$5,898,645$3,395,163$21,717,979
77$30,382,261$6,052,625$3,373,848$23,681,218
78$33,341,944$6,209,896$3,347,564$25,838,193
79$36,599,127$6,370,485$3,316,011$28,208,515
80$40,184,015$6,534,416$3,278,876$30,813,790
81$44,129,893$6,701,711$3,235,827$33,677,829
82$48,473,435$6,872,388$3,186,519$36,826,865
83$53,255,050$7,046,460$3,130,593$40,289,809
84$58,519,266$7,223,937$3,067,668$44,098,513
85$64,315,146$7,404,825$2,997,350$48,288,080
86$70,696,754$7,589,124$2,919,224$52,897,189
87$77,723,662$7,776,830$2,832,857$57,968,461
88$85,461,513$7,967,932$2,737,795$63,548,863
89$93,982,641$8,162,414$2,633,565$69,690,150
90$103,366,752$8,360,254$2,519,671$76,449,353
91$113,701,676$8,561,422$2,395,595$83,889,320
92$125,084,194$8,765,879$2,260,795$92,079,304
93$137,620,955$8,973,581$2,114,705$101,095,622
94$151,429,479$9,184,472$1,956,734$111,022,374
95$166,639,264$9,398,489$1,786,263$121,952,233
96$183,393,012$9,615,559$1,602,646$133,987,326
97$201,847,974$9,835,596$1,405,209$147,240,193
98$222,177,432$10,058,504$1,193,248$161,834,853
99$244,572,335$10,284,176$966,027$177,907,972
100$269,243,101$10,512,488$722,776$195,610,156