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%13.9%
1 years$237,002$234,891$232,831$230,821$228,858$225,159
2 years$117,328$115,143$113,025$110,972$108,980$105,264
3 years$77,441$75,247$73,135$71,101$69,141$65,523
4 years$57,502$55,314$53,223$51,224$49,312$45,820
5 years$45,542$43,367$41,303$39,345$37,486$34,130
6 years$37,571$35,413$33,379$31,464$29,662$26,446
7 years$31,880$29,739$27,738$25,869$24,123$21,048
8 years$27,613$25,492$23,524$21,701$20,012$17,078
9 years$24,296$22,196$20,261$18,484$16,853$14,057
10 years$21,645$19,564$17,664$15,933$14,360$11,701
11 years$19,476$17,417$15,551$13,867$12,350$9,824
12 years$17,671$15,632$13,802$12,163$10,702$8,307
13 years$16,144$14,127$12,331$10,738$9,332$7,065
14 years$14,837$12,841$11,079$9,532$8,181$6,036
15 years$13,705$11,731$10,003$8,501$7,203$5,178
16 years$12,715$10,763$9,069$7,612$6,366$4,456
17 years$11,843$9,912$8,253$6,839$5,645$3,845
18 years$11,068$9,159$7,534$6,163$5,019$3,326
19 years$10,376$8,489$6,897$5,569$4,473$2,883
20 years$9,754$7,888$6,329$5,044$3,996$2,503
21 years$9,192$7,347$5,822$4,578$3,576$2,176
22 years$8,682$6,859$5,366$4,162$3,205$1,895
23 years$8,216$6,415$4,954$3,791$2,877$1,651
24 years$7,791$6,010$4,582$3,457$2,586$1,440
25 years$7,399$5,640$4,244$3,157$2,327$1,258
26 years$7,039$5,301$3,936$2,887$2,096$1,099
27 years$6,706$4,989$3,655$2,642$1,890$960
28 years$6,397$4,701$3,398$2,421$1,705$840
29 years$6,110$4,435$3,162$2,220$1,540$735
30 years$5,842$4,188$2,945$2,038$1,391$644
31 years$5,592$3,959$2,746$1,871$1,258$564
32 years$5,359$3,746$2,562$1,720$1,138$494
33 years$5,140$3,548$2,392$1,581$1,030$433
34 years$4,934$3,362$2,235$1,455$932$379
35 years$4,741$3,189$2,089$1,340$844$332
36 years$4,558$3,027$1,955$1,234$765$292
37 years$4,386$2,875$1,829$1,137$693$256
38 years$4,224$2,732$1,713$1,048$629$224
39 years$4,070$2,598$1,605$966$570$197
40 years$3,924$2,472$1,504$891$517$173
41 years$3,785$2,353$1,411$822$469$151
42 years$3,654$2,241$1,323$759$426$133
43 years$3,529$2,135$1,242$700$386$117
44 years$3,410$2,035$1,166$647$351$102
45 years$3,297$1,941$1,094$597$318$90
46 years$3,188$1,851$1,028$552$289$79
47 years$3,085$1,767$966$510$262$69
48 years$2,987$1,687$907$471$238$61
49 years$2,892$1,611$853$435$216$53
50 years$2,802$1,539$802$402$197$47

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 $4,177 every year, while hoping to spend $33,353 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: 42/30/28 Blend
50$2,870,000$2,870,000$2,870,000$2,870,000
51$3,167,049$3,014,939$2,970,454$3,273,939
52$3,454,600$3,127,183$3,034,476$3,463,543
53$3,770,364$3,243,810$3,099,526$3,665,293
54$4,117,183$3,364,998$3,165,602$3,883,151
55$4,498,188$3,490,936$3,232,702$4,118,625
56$4,916,829$3,621,817$3,300,823$4,373,372
57$5,376,905$3,757,846$3,369,961$4,649,214
58$5,882,604$3,899,235$3,440,109$4,948,153
59$6,438,538$4,046,206$3,511,261$5,272,393
60$7,049,789$4,198,989$3,583,407$5,624,356
61$7,721,954$4,357,827$3,656,538$6,006,706
62$8,461,202$4,522,969$3,730,641$6,422,372
63$9,274,329$4,694,679$3,805,702$6,874,580
64$10,168,823$4,873,230$3,881,705$7,366,877
65$11,152,933$5,058,909$3,958,633$7,903,165
66$12,235,749$5,252,013$4,036,465$8,487,741
67$13,427,288$5,452,853$4,115,178$9,125,331
68$14,738,583$5,661,755$4,194,748$9,821,137
69$16,181,794$5,879,057$4,275,148$10,580,886
70$17,770,319$6,105,112$4,356,347$11,410,883
71$19,518,919$6,340,291$4,438,313$12,318,066
72$21,443,862$6,584,978$4,521,009$13,310,075
73$23,563,070$6,839,577$4,604,398$14,395,322
74$25,896,294$7,104,506$4,688,435$15,583,067
75$28,465,295$7,380,206$4,773,077$16,883,507
76$31,294,052$7,667,133$4,858,272$18,307,872
77$34,408,990$7,965,767$4,943,969$19,868,526
78$37,839,224$8,276,607$5,030,109$21,579,087
79$41,616,839$8,600,174$5,116,631$23,454,550
80$45,777,187$8,937,014$5,203,469$25,511,431
81$50,359,227$9,287,694$5,290,552$27,767,920
82$55,405,887$9,652,810$5,377,805$30,244,051
83$60,964,473$10,032,983$5,465,146$32,961,891
84$67,087,110$10,428,860$5,552,489$35,945,746
85$73,831,240$10,841,119$5,639,743$39,222,389
86$81,260,161$11,270,469$5,726,809$42,821,310
87$89,443,623$11,717,647$5,813,583$46,774,996
88$98,458,489$12,183,428$5,899,954$51,119,233
89$108,389,456$12,668,618$5,985,804$55,893,443
90$119,329,861$13,174,060$6,071,008$61,141,055
91$131,382,554$13,700,637$6,155,435$66,909,912
92$144,660,876$14,249,268$6,238,942$73,252,721
93$159,289,720$14,820,918$6,321,382$80,227,548
94$175,406,721$15,416,592$6,402,597$87,898,368
95$193,163,542$16,037,341$6,482,421$96,335,660
96$212,727,318$16,684,265$6,560,676$105,617,074
97$234,282,224$17,358,513$6,637,178$115,828,163
98$258,031,216$18,061,286$6,711,729$127,063,185
99$284,197,950$18,793,839$6,784,122$139,425,991
100$313,028,889$19,557,485$6,854,138$153,031,005