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%15.1%
1 years$237,002$234,891$232,831$230,821$228,858$224,054
2 years$117,328$115,143$113,025$110,972$108,980$104,163
3 years$77,441$75,247$73,135$71,101$69,141$64,461
4 years$57,502$55,314$53,223$51,224$49,312$44,805
5 years$45,542$43,367$41,303$39,345$37,486$33,165
6 years$37,571$35,413$33,379$31,464$29,662$25,531
7 years$31,880$29,739$27,738$25,869$24,123$20,183
8 years$27,613$25,492$23,524$21,701$20,012$16,263
9 years$24,296$22,196$20,261$18,484$16,853$13,291
10 years$21,645$19,564$17,664$15,933$14,360$10,981
11 years$19,476$17,417$15,551$13,867$12,350$9,151
12 years$17,671$15,632$13,802$12,163$10,702$7,678
13 years$16,144$14,127$12,331$10,738$9,332$6,478
14 years$14,837$12,841$11,079$9,532$8,181$5,490
15 years$13,705$11,731$10,003$8,501$7,203$4,670
16 years$12,715$10,763$9,069$7,612$6,366$3,986
17 years$11,843$9,912$8,253$6,839$5,645$3,410
18 years$11,068$9,159$7,534$6,163$5,019$2,924
19 years$10,376$8,489$6,897$5,569$4,473$2,512
20 years$9,754$7,888$6,329$5,044$3,996$2,161
21 years$9,192$7,347$5,822$4,578$3,576$1,862
22 years$8,682$6,859$5,366$4,162$3,205$1,606
23 years$8,216$6,415$4,954$3,791$2,877$1,387
24 years$7,791$6,010$4,582$3,457$2,586$1,199
25 years$7,399$5,640$4,244$3,157$2,327$1,036
26 years$7,039$5,301$3,936$2,887$2,096$897
27 years$6,706$4,989$3,655$2,642$1,890$777
28 years$6,397$4,701$3,398$2,421$1,705$673
29 years$6,110$4,435$3,162$2,220$1,540$583
30 years$5,842$4,188$2,945$2,038$1,391$505
31 years$5,592$3,959$2,746$1,871$1,258$438
32 years$5,359$3,746$2,562$1,720$1,138$380
33 years$5,140$3,548$2,392$1,581$1,030$330
34 years$4,934$3,362$2,235$1,455$932$286
35 years$4,741$3,189$2,089$1,340$844$248
36 years$4,558$3,027$1,955$1,234$765$215
37 years$4,386$2,875$1,829$1,137$693$187
38 years$4,224$2,732$1,713$1,048$629$162
39 years$4,070$2,598$1,605$966$570$141
40 years$3,924$2,472$1,504$891$517$122
41 years$3,785$2,353$1,411$822$469$106
42 years$3,654$2,241$1,323$759$426$92
43 years$3,529$2,135$1,242$700$386$80
44 years$3,410$2,035$1,166$647$351$70
45 years$3,297$1,941$1,094$597$318$60
46 years$3,188$1,851$1,028$552$289$53
47 years$3,085$1,767$966$510$262$46
48 years$2,987$1,687$907$471$238$40
49 years$2,892$1,611$853$435$216$34
50 years$2,802$1,539$802$402$197$30

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 $2,394 every year, while hoping to spend $29,410 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: 38/46/16 Blend
50$2,870,000$2,870,000$2,870,000$2,870,000
51$3,165,209$3,013,099$2,968,614$3,270,130
52$3,456,769$3,129,449$3,036,771$3,461,887
53$3,777,081$3,250,515$3,106,225$3,665,991
54$4,129,049$3,376,495$3,176,989$3,885,941
55$4,515,869$3,507,600$3,249,075$4,123,179
56$4,941,063$3,644,048$3,322,494$4,379,287
57$5,408,510$3,786,065$3,397,257$4,656,002
58$5,922,486$3,933,890$3,473,373$4,955,229
59$6,487,701$4,087,772$3,550,852$5,279,063
60$7,109,342$4,247,969$3,629,701$5,629,804
61$7,793,128$4,414,752$3,709,929$6,009,976
62$8,545,356$4,588,404$3,791,541$6,422,356
63$9,372,968$4,769,222$3,874,543$6,869,993
64$10,283,610$4,957,513$3,958,940$7,356,239
65$11,285,707$5,153,600$4,044,733$7,884,780
66$12,388,543$5,357,820$4,131,925$8,459,664
67$13,602,347$5,570,525$4,220,517$9,085,346
68$14,938,389$5,792,084$4,310,507$9,766,723
69$16,409,088$6,022,879$4,401,893$10,509,181
70$18,028,129$6,263,314$4,494,670$11,318,643
71$19,810,589$6,513,807$4,588,832$12,201,624
72$21,773,083$6,774,798$4,684,372$13,165,294
73$23,933,919$7,046,744$4,781,280$14,217,537
74$26,313,269$7,330,125$4,879,543$15,367,031
75$28,933,363$7,625,442$4,979,148$16,623,325
76$31,818,695$7,933,217$5,080,078$17,996,924
77$34,996,256$8,253,999$5,182,315$19,499,394
78$38,495,787$8,588,359$5,285,836$21,143,460
79$42,350,064$8,936,894$5,390,618$22,943,133
80$46,595,199$9,300,231$5,496,632$24,913,833
81$51,270,989$9,679,021$5,603,849$27,072,534
82$56,421,286$10,073,950$5,712,234$29,437,926
83$62,094,415$10,485,731$5,821,752$32,030,582
84$68,343,624$10,915,111$5,932,360$34,873,156
85$75,227,594$11,362,872$6,044,014$37,990,590
86$82,810,986$11,829,829$6,156,665$41,410,348
87$91,165,054$12,316,839$6,270,261$45,162,672
88$100,368,318$12,824,793$6,384,744$49,280,865
89$110,507,305$13,354,626$6,500,051$53,801,600
90$121,677,364$13,907,316$6,616,116$58,765,269
91$133,983,565$14,483,885$6,732,866$64,216,350
92$147,541,695$15,085,401$6,850,224$70,203,835
93$162,479,346$15,712,984$6,968,104$76,781,679
94$178,937,121$16,367,803$7,086,418$84,009,312
95$197,069,964$17,051,081$7,205,069$91,952,193
96$217,048,616$17,764,100$7,323,955$100,682,421
97$239,061,233$18,508,199$7,442,965$110,279,419
98$263,315,156$19,284,779$7,561,982$120,830,669
99$290,038,875$20,095,305$7,680,882$132,432,539
100$319,484,178$20,941,314$7,799,529$145,191,189