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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.8%
1 years$237,828$235,709$233,642$231,625$229,655$225,110
2 years$117,736$115,544$113,419$111,358$109,360$104,800
3 years$77,711$75,509$73,389$71,348$69,382$64,950
4 years$57,703$55,507$53,409$51,402$49,484$45,213
5 years$45,701$43,518$41,447$39,482$37,617$33,520
6 years$37,702$35,536$33,496$31,574$29,765$25,846
7 years$31,991$29,843$27,835$25,959$24,207$20,467
8 years$27,709$25,581$23,606$21,776$20,082$16,520
9 years$24,381$22,273$20,332$18,548$16,912$13,526
10 years$21,720$19,632$17,726$15,989$14,410$11,196
11 years$19,544$17,478$15,606$13,915$12,393$9,348
12 years$17,732$15,687$13,850$12,205$10,739$7,858
13 years$16,200$14,176$12,374$10,776$9,365$6,643
14 years$14,888$12,886$11,118$9,565$8,209$5,642
15 years$13,752$11,772$10,038$8,531$7,228$4,809
16 years$12,759$10,800$9,101$7,638$6,388$4,113
17 years$11,884$9,947$8,281$6,863$5,664$3,526
18 years$11,107$9,191$7,560$6,185$5,036$3,030
19 years$10,413$8,518$6,921$5,589$4,489$2,609
20 years$9,788$7,916$6,351$5,062$4,010$2,250
21 years$9,224$7,373$5,842$4,594$3,588$1,943
22 years$8,712$6,882$5,384$4,177$3,216$1,680
23 years$8,245$6,437$4,972$3,804$2,887$1,454
24 years$7,818$6,031$4,598$3,469$2,595$1,259
25 years$7,425$5,660$4,259$3,168$2,335$1,092
26 years$7,063$5,319$3,950$2,897$2,103$947
27 years$6,729$5,006$3,668$2,652$1,896$822
28 years$6,419$4,717$3,409$2,429$1,711$714
29 years$6,131$4,450$3,173$2,228$1,545$620
30 years$5,862$4,203$2,955$2,045$1,396$539
31 years$5,612$3,973$2,755$1,878$1,262$468
32 years$5,377$3,759$2,571$1,726$1,142$407
33 years$5,158$3,560$2,400$1,587$1,033$354
34 years$4,951$3,374$2,243$1,460$936$308
35 years$4,757$3,200$2,097$1,344$847$268
36 years$4,574$3,038$1,961$1,238$768$233
37 years$4,401$2,885$1,836$1,141$696$203
38 years$4,238$2,742$1,719$1,051$631$177
39 years$4,084$2,607$1,611$969$572$154
40 years$3,937$2,480$1,510$894$519$134
41 years$3,799$2,361$1,416$825$471$117
42 years$3,667$2,249$1,328$761$427$101
43 years$3,541$2,143$1,246$703$388$88
44 years$3,422$2,042$1,170$649$352$77
45 years$3,308$1,948$1,098$599$319$67
46 years$3,200$1,858$1,031$554$290$58
47 years$3,096$1,773$969$511$263$51
48 years$2,997$1,693$911$473$239$44
49 years$2,902$1,616$856$437$217$39
50 years$2,812$1,544$805$404$197$34

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 $5,171 every year, while hoping to spend $56,653 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: 89/6/5 Blend
50$2,880,000$2,880,000$2,880,000$2,880,000
51$3,179,094$3,026,454$2,981,814$3,462,053
52$3,443,083$3,114,472$3,021,426$3,734,814
53$3,732,100$3,204,904$3,060,467$4,026,167
54$4,048,639$3,297,808$3,098,857$4,344,640
55$4,395,444$3,393,245$3,136,513$4,692,925
56$4,775,540$3,491,274$3,173,346$5,073,987
57$5,192,255$3,591,957$3,209,264$5,491,091
58$5,649,259$3,695,356$3,244,167$5,947,834
59$6,150,589$3,801,535$3,277,953$6,448,176
60$6,700,696$3,910,557$3,310,511$6,996,480
61$7,304,481$4,022,488$3,341,727$7,597,549
62$7,967,341$4,137,393$3,371,478$8,256,679
63$8,695,224$4,255,340$3,399,637$8,979,698
64$9,494,681$4,376,395$3,426,068$9,773,028
65$10,372,927$4,500,627$3,450,630$10,643,746
66$11,337,912$4,628,105$3,473,173$11,599,643
67$12,398,395$4,758,898$3,493,541$12,649,308
68$13,564,024$4,893,076$3,511,566$13,802,198
69$14,845,427$5,030,710$3,527,077$15,068,735
70$16,254,318$5,171,871$3,539,891$16,460,400
71$17,803,596$5,316,631$3,549,816$17,989,842
72$19,507,478$5,465,062$3,556,650$19,670,998
73$21,381,626$5,617,234$3,560,182$21,519,221
74$23,443,295$5,773,222$3,560,191$23,551,431
75$25,711,497$5,933,096$3,556,444$25,786,265
76$28,207,181$6,096,929$3,548,696$28,244,263
77$30,953,428$6,264,793$3,536,692$30,948,053
78$33,975,669$6,436,759$3,520,162$33,922,569
79$37,301,926$6,612,899$3,498,826$37,195,285
80$40,963,074$6,793,282$3,472,389$40,796,472
81$44,993,134$6,977,980$3,440,541$44,759,485
82$49,429,594$7,167,061$3,402,959$49,121,080
83$54,313,757$7,360,592$3,359,303$53,921,754
84$59,691,139$7,558,640$3,309,218$59,206,134
85$65,611,892$7,761,270$3,252,333$65,023,392
86$72,131,277$7,968,544$3,188,259$71,427,714
87$79,310,190$8,180,525$3,116,588$78,478,806
88$87,215,729$8,397,271$3,036,894$86,242,461
89$95,921,834$8,618,838$2,948,730$94,791,177
90$105,509,981$8,845,280$2,851,632$104,204,845
91$116,069,947$9,076,647$2,745,110$114,571,495
92$127,700,666$9,312,987$2,628,656$125,988,136
93$140,511,153$9,554,343$2,501,735$138,561,664
94$154,621,538$9,800,753$2,363,790$152,409,874
95$170,164,197$10,052,252$2,214,239$167,662,571
96$187,285,002$10,308,869$2,052,473$184,462,793
97$206,144,696$10,570,628$1,877,855$202,968,166
98$226,920,414$10,837,547$1,689,721$223,352,383
99$249,807,346$11,109,637$1,487,378$245,806,852
100$275,020,589$11,386,903$1,270,098$270,542,498