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%16.1%
1 years$236,176$234,072$232,020$230,017$228,060$222,367
2 years$116,919$114,741$112,631$110,585$108,600$102,900
3 years$77,172$74,985$72,880$70,853$68,900$63,372
4 years$57,302$55,122$53,038$51,045$49,140$43,826
5 years$45,383$43,216$41,159$39,208$37,356$32,270
6 years$37,440$35,289$33,263$31,355$29,558$24,707
7 years$31,769$29,636$27,642$25,779$24,039$19,422
8 years$27,517$25,403$23,442$21,625$19,943$15,558
9 years$24,212$22,118$20,191$18,420$16,794$12,639
10 years$21,569$19,496$17,603$15,878$14,310$10,378
11 years$19,408$17,356$15,497$13,819$12,307$8,594
12 years$17,609$15,578$13,753$12,121$10,665$7,163
13 years$16,088$14,078$12,288$10,701$9,300$6,003
14 years$14,785$12,796$11,041$9,499$8,152$5,053
15 years$13,657$11,690$9,968$8,471$7,178$4,269
16 years$12,671$10,725$9,038$7,585$6,344$3,617
17 years$11,802$9,878$8,224$6,815$5,625$3,073
18 years$11,030$9,127$7,507$6,142$5,001$2,615
19 years$10,340$8,459$6,873$5,550$4,458$2,230
20 years$9,720$7,861$6,307$5,026$3,982$1,904
21 years$9,160$7,322$5,802$4,562$3,563$1,628
22 years$8,651$6,835$5,347$4,148$3,194$1,394
23 years$8,188$6,392$4,937$3,777$2,867$1,194
24 years$7,763$5,989$4,566$3,445$2,577$1,024
25 years$7,374$5,621$4,229$3,146$2,319$878
26 years$7,014$5,282$3,922$2,877$2,089$754
27 years$6,682$4,971$3,642$2,633$1,883$647
28 years$6,374$4,684$3,386$2,413$1,699$556
29 years$6,088$4,419$3,151$2,212$1,534$478
30 years$5,822$4,174$2,935$2,030$1,386$411
31 years$5,573$3,945$2,736$1,865$1,253$353
32 years$5,340$3,733$2,553$1,714$1,134$304
33 years$5,122$3,535$2,384$1,576$1,026$262
34 years$4,917$3,351$2,227$1,450$929$225
35 years$4,724$3,178$2,082$1,335$841$194
36 years$4,542$3,016$1,948$1,229$762$167
37 years$4,371$2,865$1,823$1,133$691$143
38 years$4,209$2,723$1,707$1,044$626$124
39 years$4,055$2,589$1,599$963$568$106
40 years$3,910$2,463$1,499$888$515$92
41 years$3,772$2,345$1,406$819$467$79
42 years$3,641$2,233$1,319$756$424$68
43 years$3,517$2,128$1,237$698$385$58
44 years$3,398$2,028$1,162$644$349$50
45 years$3,285$1,934$1,091$595$317$43
46 years$3,177$1,845$1,024$550$288$37
47 years$3,075$1,761$962$508$262$32
48 years$2,976$1,681$904$469$238$28
49 years$2,882$1,605$850$434$216$24
50 years$2,792$1,533$799$401$196$21

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 $3,123 every year, while hoping to spend $34,083 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: 55/33/12 Blend
50$2,860,000$2,860,000$2,860,000$2,860,000
51$3,154,941$3,003,361$2,959,031$3,318,617
52$3,440,481$3,114,262$3,021,895$3,540,882
53$3,754,004$3,229,455$3,085,722$3,778,787
54$4,098,328$3,349,113$3,150,509$4,037,029
55$4,476,557$3,473,420$3,216,251$4,317,551
56$4,892,112$3,602,563$3,282,942$4,622,491
57$5,348,761$3,736,742$3,350,573$4,954,201
58$5,850,653$3,876,161$3,419,136$5,315,266
59$6,402,363$4,021,036$3,488,621$5,708,531
60$7,008,928$4,171,591$3,559,013$6,137,125
61$7,675,899$4,328,059$3,630,300$6,604,493
62$8,409,390$4,490,684$3,702,465$7,114,423
63$9,216,140$4,659,719$3,775,490$7,671,085
64$10,103,571$4,835,431$3,849,354$8,279,066
65$11,079,864$5,018,095$3,924,035$8,943,418
66$12,154,028$5,208,000$3,999,509$9,669,700
67$13,335,994$5,405,447$4,075,747$10,464,029
68$14,636,701$5,610,749$4,152,721$11,333,142
69$16,068,204$5,824,236$4,230,396$12,284,456
70$17,643,786$6,046,248$4,308,739$13,326,133
71$19,378,080$6,277,142$4,387,710$14,467,163
72$21,287,213$6,517,291$4,467,267$15,717,445
73$23,388,953$6,767,083$4,547,365$17,087,876
74$25,702,880$7,026,923$4,627,955$18,590,458
75$28,250,568$7,297,236$4,708,986$20,238,408
76$31,055,788$7,578,464$4,790,399$22,046,279
77$34,144,736$7,871,066$4,872,135$24,030,101
78$37,546,277$8,175,526$4,954,130$26,207,528
79$41,292,216$8,492,346$5,036,312$28,598,002
80$45,417,602$8,822,050$5,118,608$31,222,941
81$49,961,055$9,165,189$5,200,939$34,105,930
82$54,965,132$9,522,333$5,283,220$37,272,952
83$60,476,729$9,894,080$5,365,362$40,752,627
84$66,547,521$10,281,056$5,447,267$44,576,479
85$73,234,452$10,683,911$5,528,834$48,779,236
86$80,600,271$11,103,328$5,609,955$53,399,151
87$88,714,125$11,540,017$5,690,514$58,478,368
88$97,652,209$11,994,721$5,770,390$64,063,310
89$107,498,489$12,468,217$5,849,453$70,205,122
90$118,345,491$12,961,316$5,927,566$76,960,148
91$130,295,175$13,474,864$6,004,583$84,390,461
92$143,459,898$14,009,748$6,080,352$92,564,449
93$157,963,473$14,566,891$6,154,709$101,557,455
94$173,942,338$15,147,260$6,227,483$111,452,488
95$191,546,846$15,751,865$6,298,493$122,341,004
96$210,942,678$16,381,760$6,367,546$134,323,763
97$232,312,415$17,038,049$6,434,442$147,511,786
98$255,857,252$17,721,885$6,498,967$162,027,389
99$281,798,905$18,434,470$6,560,895$178,005,344
100$310,381,699$19,177,065$6,619,992$195,594,143