Can I retire at age 51 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$237,002$234,891$232,831$230,821$228,858$221,798
2 years$117,328$115,143$113,025$110,972$108,980$101,929
3 years$77,441$75,247$73,135$71,101$69,141$62,321
4 years$57,502$55,314$53,223$51,224$49,312$42,774
5 years$45,542$43,367$41,303$39,345$37,486$31,248
6 years$37,571$35,413$33,379$31,464$29,662$23,729
7 years$31,880$29,739$27,738$25,869$24,123$18,495
8 years$27,613$25,492$23,524$21,701$20,012$14,686
9 years$24,296$22,196$20,261$18,484$16,853$11,822
10 years$21,645$19,564$17,664$15,933$14,360$9,617
11 years$19,476$17,417$15,551$13,867$12,350$7,887
12 years$17,671$15,632$13,802$12,163$10,702$6,510
13 years$16,144$14,127$12,331$10,738$9,332$5,401
14 years$14,837$12,841$11,079$9,532$8,181$4,499
15 years$13,705$11,731$10,003$8,501$7,203$3,761
16 years$12,715$10,763$9,069$7,612$6,366$3,153
17 years$11,843$9,912$8,253$6,839$5,645$2,649
18 years$11,068$9,159$7,534$6,163$5,019$2,230
19 years$10,376$8,489$6,897$5,569$4,473$1,880
20 years$9,754$7,888$6,329$5,044$3,996$1,587
21 years$9,192$7,347$5,822$4,578$3,576$1,342
22 years$8,682$6,859$5,366$4,162$3,205$1,135
23 years$8,216$6,415$4,954$3,791$2,877$961
24 years$7,791$6,010$4,582$3,457$2,586$814
25 years$7,399$5,640$4,244$3,157$2,327$690
26 years$7,039$5,301$3,936$2,887$2,096$585
27 years$6,706$4,989$3,655$2,642$1,890$497
28 years$6,397$4,701$3,398$2,421$1,705$421
29 years$6,110$4,435$3,162$2,220$1,540$358
30 years$5,842$4,188$2,945$2,038$1,391$304
31 years$5,592$3,959$2,746$1,871$1,258$258
32 years$5,359$3,746$2,562$1,720$1,138$219
33 years$5,140$3,548$2,392$1,581$1,030$186
34 years$4,934$3,362$2,235$1,455$932$158
35 years$4,741$3,189$2,089$1,340$844$134
36 years$4,558$3,027$1,955$1,234$765$114
37 years$4,386$2,875$1,829$1,137$693$97
38 years$4,224$2,732$1,713$1,048$629$83
39 years$4,070$2,598$1,605$966$570$70
40 years$3,924$2,472$1,504$891$517$60
41 years$3,785$2,353$1,411$822$469$51
42 years$3,654$2,241$1,323$759$426$43
43 years$3,529$2,135$1,242$700$386$37
44 years$3,410$2,035$1,166$647$351$31
45 years$3,297$1,941$1,094$597$318$27
46 years$3,188$1,851$1,028$552$289$23
47 years$3,085$1,767$966$510$262$19
48 years$2,987$1,687$907$471$238$16
49 years$2,892$1,611$853$435$216$14
50 years$2,802$1,539$802$402$197$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,870,000, adding $6,560 every year, while hoping to spend $45,856 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: 44/38/18 Blend
50$2,870,000$2,870,000$2,870,000$2,870,000
51$3,169,507$3,017,397$2,972,912$3,292,205
52$3,444,006$3,116,459$3,023,714$3,478,106
53$3,744,967$3,218,838$3,074,681$3,674,435
54$4,075,041$3,324,648$3,125,770$3,886,274
55$4,437,147$3,434,008$3,176,935$4,115,077
56$4,834,502$3,547,040$3,228,128$4,362,443
57$5,270,647$3,663,870$3,279,296$4,630,132
58$5,749,483$3,784,631$3,330,383$4,920,076
59$6,275,310$3,909,457$3,381,330$5,234,404
60$6,852,862$4,038,490$3,432,075$5,575,455
61$7,487,354$4,171,877$3,482,550$5,945,805
62$8,184,533$4,309,767$3,532,684$6,348,287
63$8,950,728$4,452,319$3,582,401$6,786,018
64$9,792,913$4,599,693$3,631,623$7,262,430
65$10,718,771$4,752,060$3,680,264$7,781,300
66$11,736,767$4,909,592$3,728,233$8,346,785
67$12,856,226$5,072,470$3,775,438$8,963,461
68$14,087,422$5,240,883$3,821,776$9,636,367
69$15,441,676$5,415,023$3,867,143$10,371,048
70$16,931,460$5,595,092$3,911,425$11,173,613
71$18,570,516$5,781,298$3,954,505$12,050,785
72$20,373,986$5,973,859$3,996,257$13,009,969
73$22,358,551$6,172,997$4,036,551$14,059,320
74$24,542,594$6,378,944$4,075,246$15,207,818
75$26,946,369$6,591,943$4,112,197$16,465,351
76$29,592,193$6,812,242$4,147,250$17,842,812
77$32,504,655$7,040,101$4,180,242$19,352,198
78$35,710,851$7,275,787$4,211,001$21,006,723
79$39,240,637$7,519,580$4,239,349$22,820,939
80$43,126,911$7,771,768$4,265,096$24,810,879
81$47,405,922$8,032,651$4,288,042$26,994,202
82$52,117,614$8,302,538$4,307,980$29,390,362
83$57,306,002$8,581,754$4,324,688$32,020,787
84$63,019,585$8,870,631$4,337,937$34,909,086
85$69,311,808$9,169,518$4,347,483$38,081,265
86$76,241,561$9,478,772$4,353,072$41,565,976
87$83,873,736$9,798,769$4,354,436$45,394,783
88$92,279,844$10,129,894$4,351,296$49,602,462
89$101,538,680$10,472,551$4,343,356$54,227,325
90$111,737,075$10,827,156$4,330,309$59,311,586
91$122,970,713$11,194,143$4,311,831$64,901,750
92$135,345,030$11,573,960$4,287,581$71,049,058
93$148,976,214$11,967,075$4,257,206$77,809,969
94$163,992,297$12,373,971$4,220,331$85,246,685
95$180,534,366$12,795,150$4,176,567$93,427,746
96$198,757,894$13,231,136$4,125,505$102,428,670
97$218,834,207$13,682,469$4,066,717$112,332,664
98$240,952,098$14,149,712$3,999,754$123,231,414
99$265,319,613$14,633,449$3,924,147$135,225,942
100$292,166,013$15,134,287$3,839,405$148,427,563