Can I retire at age 51 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$237,828$235,709$233,642$231,625$229,655$221,507
2 years$117,736$115,544$113,419$111,358$109,360$101,237
3 years$77,711$75,509$73,389$71,348$69,382$61,541
4 years$57,703$55,507$53,409$51,402$49,484$41,984
5 years$45,701$43,518$41,447$39,482$37,617$30,477
6 years$37,702$35,536$33,496$31,574$29,765$22,992
7 years$31,991$29,843$27,835$25,959$24,207$17,798
8 years$27,709$25,581$23,606$21,776$20,082$14,032
9 years$24,381$22,273$20,332$18,548$16,912$11,214
10 years$21,720$19,632$17,726$15,989$14,410$9,053
11 years$19,544$17,478$15,606$13,915$12,393$7,367
12 years$17,732$15,687$13,850$12,205$10,739$6,033
13 years$16,200$14,176$12,374$10,776$9,365$4,964
14 years$14,888$12,886$11,118$9,565$8,209$4,101
15 years$13,752$11,772$10,038$8,531$7,228$3,399
16 years$12,759$10,800$9,101$7,638$6,388$2,825
17 years$11,884$9,947$8,281$6,863$5,664$2,353
18 years$11,107$9,191$7,560$6,185$5,036$1,963
19 years$10,413$8,518$6,921$5,589$4,489$1,640
20 years$9,788$7,916$6,351$5,062$4,010$1,372
21 years$9,224$7,373$5,842$4,594$3,588$1,149
22 years$8,712$6,882$5,384$4,177$3,216$963
23 years$8,245$6,437$4,972$3,804$2,887$807
24 years$7,818$6,031$4,598$3,469$2,595$678
25 years$7,425$5,660$4,259$3,168$2,335$569
26 years$7,063$5,319$3,950$2,897$2,103$478
27 years$6,729$5,006$3,668$2,652$1,896$401
28 years$6,419$4,717$3,409$2,429$1,711$337
29 years$6,131$4,450$3,173$2,228$1,545$284
30 years$5,862$4,203$2,955$2,045$1,396$239
31 years$5,612$3,973$2,755$1,878$1,262$201
32 years$5,377$3,759$2,571$1,726$1,142$169
33 years$5,158$3,560$2,400$1,587$1,033$142
34 years$4,951$3,374$2,243$1,460$936$119
35 years$4,757$3,200$2,097$1,344$847$100
36 years$4,574$3,038$1,961$1,238$768$85
37 years$4,401$2,885$1,836$1,141$696$71
38 years$4,238$2,742$1,719$1,051$631$60
39 years$4,084$2,607$1,611$969$572$50
40 years$3,937$2,480$1,510$894$519$42
41 years$3,799$2,361$1,416$825$471$36
42 years$3,667$2,249$1,328$761$427$30
43 years$3,541$2,143$1,246$703$388$25
44 years$3,422$2,042$1,170$649$352$21
45 years$3,308$1,948$1,098$599$319$18
46 years$3,200$1,858$1,031$554$290$15
47 years$3,096$1,773$969$511$263$13
48 years$2,997$1,693$911$473$239$11
49 years$2,902$1,616$856$437$217$9
50 years$2,812$1,544$805$404$197$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,880,000, adding $5,463 every year, while hoping to spend $58,636 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: 54/19/27 Blend
50$2,880,000$2,880,000$2,880,000$2,880,000
51$3,179,395$3,026,755$2,982,115$3,326,987
52$3,441,305$3,112,678$3,019,628$3,515,433
53$3,727,965$3,200,846$3,056,432$3,714,006
54$4,041,837$3,291,306$3,092,442$3,929,011
55$4,385,632$3,384,109$3,127,567$4,162,049
56$4,762,338$3,479,302$3,161,712$4,414,878
57$5,175,244$3,576,934$3,194,776$4,689,439
58$5,627,970$3,677,056$3,226,653$4,987,866
59$6,124,508$3,779,716$3,257,230$5,312,514
60$6,669,251$3,884,965$3,286,391$5,665,973
61$7,267,039$3,992,853$3,314,009$6,051,099
62$7,923,203$4,103,429$3,339,955$6,471,039
63$8,643,616$4,216,744$3,364,090$6,929,259
64$9,434,747$4,332,846$3,386,269$7,429,578
65$10,303,722$4,451,787$3,406,340$7,976,203
66$11,258,392$4,573,614$3,424,142$8,573,773
67$12,307,404$4,698,377$3,439,507$9,227,396
68$13,460,286$4,826,125$3,452,257$9,942,702
69$14,727,534$4,956,904$3,462,207$10,725,895
70$16,120,712$5,090,761$3,469,160$11,583,811
71$17,652,559$5,227,743$3,472,911$12,523,984
72$19,337,112$5,367,895$3,473,246$13,554,715
73$21,189,836$5,511,259$3,469,938$14,685,153
74$23,227,767$5,657,880$3,462,749$15,925,379
75$25,469,680$5,807,796$3,451,432$17,286,504
76$27,936,257$5,961,048$3,435,724$18,780,771
77$30,650,289$6,117,672$3,415,354$20,421,673
78$33,636,884$6,277,704$3,390,034$22,224,080
79$36,923,710$6,441,176$3,359,465$24,204,379
80$40,541,252$6,608,117$3,323,331$26,380,629
81$44,523,101$6,778,556$3,281,303$28,772,734
82$48,906,267$6,952,515$3,233,036$31,402,626
83$53,731,533$7,130,014$3,178,169$34,294,479
84$59,043,836$7,311,072$3,116,325$37,474,931
85$64,892,692$7,495,699$3,047,107$40,973,340
86$71,332,663$7,683,905$2,970,101$44,822,063
87$78,423,869$7,875,691$2,884,874$49,056,755
88$86,232,560$8,071,056$2,790,973$53,716,714
89$94,831,735$8,269,991$2,687,925$58,845,246
90$104,301,835$8,472,484$2,575,233$64,490,080
91$114,731,498$8,678,512$2,452,380$70,703,815
92$126,218,400$8,888,048$2,318,824$77,544,419
93$138,870,171$9,101,057$2,173,999$85,075,776
94$152,805,414$9,317,494$2,017,313$93,368,291
95$168,154,822$9,537,307$1,848,148$102,499,554
96$185,062,411$9,760,433$1,665,859$112,555,074
97$203,686,883$9,986,800$1,469,771$123,629,090
98$224,203,116$10,216,324$1,259,180$135,825,454
99$246,803,821$10,448,910$1,033,349$149,258,622
100$271,701,354$10,684,451$791,510$164,054,728