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%11.2%
1 years$237,828$235,709$233,642$231,625$229,655$228,495
2 years$117,736$115,544$113,419$111,358$109,360$108,189
3 years$77,711$75,509$73,389$71,348$69,382$68,237
4 years$57,703$55,507$53,409$51,402$49,484$48,373
5 years$45,701$43,518$41,447$39,482$37,617$36,544
6 years$37,702$35,536$33,496$31,574$29,765$28,731
7 years$31,991$29,843$27,835$25,959$24,207$23,212
8 years$27,709$25,581$23,606$21,776$20,082$19,127
9 years$24,381$22,273$20,332$18,548$16,912$15,996
10 years$21,720$19,632$17,726$15,989$14,410$13,533
11 years$19,544$17,478$15,606$13,915$12,393$11,555
12 years$17,732$15,687$13,850$12,205$10,739$9,939
13 years$16,200$14,176$12,374$10,776$9,365$8,602
14 years$14,888$12,886$11,118$9,565$8,209$7,482
15 years$13,752$11,772$10,038$8,531$7,228$6,536
16 years$12,759$10,800$9,101$7,638$6,388$5,730
17 years$11,884$9,947$8,281$6,863$5,664$5,039
18 years$11,107$9,191$7,560$6,185$5,036$4,444
19 years$10,413$8,518$6,921$5,589$4,489$3,927
20 years$9,788$7,916$6,351$5,062$4,010$3,478
21 years$9,224$7,373$5,842$4,594$3,588$3,086
22 years$8,712$6,882$5,384$4,177$3,216$2,741
23 years$8,245$6,437$4,972$3,804$2,887$2,439
24 years$7,818$6,031$4,598$3,469$2,595$2,173
25 years$7,425$5,660$4,259$3,168$2,335$1,937
26 years$7,063$5,319$3,950$2,897$2,103$1,729
27 years$6,729$5,006$3,668$2,652$1,896$1,544
28 years$6,419$4,717$3,409$2,429$1,711$1,380
29 years$6,131$4,450$3,173$2,228$1,545$1,235
30 years$5,862$4,203$2,955$2,045$1,396$1,105
31 years$5,612$3,973$2,755$1,878$1,262$989
32 years$5,377$3,759$2,571$1,726$1,142$886
33 years$5,158$3,560$2,400$1,587$1,033$794
34 years$4,951$3,374$2,243$1,460$936$712
35 years$4,757$3,200$2,097$1,344$847$638
36 years$4,574$3,038$1,961$1,238$768$573
37 years$4,401$2,885$1,836$1,141$696$514
38 years$4,238$2,742$1,719$1,051$631$461
39 years$4,084$2,607$1,611$969$572$414
40 years$3,937$2,480$1,510$894$519$372
41 years$3,799$2,361$1,416$825$471$334
42 years$3,667$2,249$1,328$761$427$300
43 years$3,541$2,143$1,246$703$388$269
44 years$3,422$2,042$1,170$649$352$242
45 years$3,308$1,948$1,098$599$319$217
46 years$3,200$1,858$1,031$554$290$195
47 years$3,096$1,773$969$511$263$175
48 years$2,997$1,693$911$473$239$158
49 years$2,902$1,616$856$437$217$142
50 years$2,812$1,544$805$404$197$127

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 $5,627 every year, while hoping to spend $51,082 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: 70/16/14 Blend
50$2,880,000$2,880,000$2,880,000$2,880,000
51$3,179,564$3,026,924$2,982,284$3,391,774
52$3,449,529$3,120,893$3,027,840$3,627,437
53$3,745,318$3,217,754$3,073,210$3,878,574
54$4,069,512$3,317,595$3,118,333$4,152,092
55$4,424,951$3,420,506$3,163,147$4,450,187
56$4,814,767$3,526,582$3,207,583$4,775,282
57$5,242,405$3,635,916$3,251,569$5,130,040
58$5,711,664$3,748,609$3,295,030$5,517,397
59$6,226,724$3,864,762$3,337,884$5,940,583
60$6,792,194$3,984,479$3,380,047$6,403,159
61$7,413,147$4,107,868$3,421,428$6,909,043
62$8,095,175$4,235,040$3,461,932$7,462,554
63$8,844,434$4,366,109$3,501,459$8,068,447
64$9,667,710$4,501,192$3,539,901$8,731,958
65$10,572,476$4,640,410$3,577,148$9,458,859
66$11,566,966$4,783,887$3,613,079$10,255,503
67$12,660,251$4,931,752$3,647,572$11,128,894
68$13,862,325$5,084,136$3,680,494$12,086,742
69$15,184,198$5,241,175$3,711,707$13,137,545
70$16,638,002$5,403,008$3,741,064$14,290,662
71$18,237,101$5,569,779$3,768,414$15,556,407
72$19,996,223$5,741,635$3,793,593$16,946,140
73$21,931,592$5,918,729$3,816,432$18,472,378
74$24,061,084$6,101,217$3,836,752$20,148,913
75$26,404,397$6,289,259$3,854,366$21,990,939
76$28,983,235$6,483,022$3,869,077$24,015,197
77$31,821,510$6,682,675$3,880,676$26,240,133
78$34,945,571$6,888,394$3,888,946$28,686,070
79$38,384,453$7,100,358$3,893,659$31,375,403
80$42,170,144$7,318,753$3,894,574$34,332,806
81$46,337,897$7,543,770$3,891,440$37,585,466
82$50,926,551$7,775,604$3,883,992$41,163,340
83$55,978,908$8,014,456$3,871,954$45,099,440
84$61,542,127$8,260,535$3,855,035$49,430,136
85$67,668,175$8,514,053$3,832,930$54,195,510
86$74,414,316$8,775,229$3,805,320$59,439,724
87$81,843,649$9,044,288$3,771,871$65,211,443
88$90,025,705$9,321,461$3,732,232$71,564,292
89$99,037,102$9,606,988$3,686,037$78,557,361
90$108,962,267$9,901,111$3,632,900$86,255,763
91$119,894,236$10,204,083$3,572,420$94,731,251
92$131,935,527$10,516,162$3,504,175$104,062,889
93$145,199,110$10,837,613$3,427,724$114,337,805
94$159,809,473$11,168,710$3,342,606$125,652,007
95$175,903,794$11,509,732$3,248,339$138,111,292
96$193,633,239$11,860,967$3,144,416$151,832,246
97$213,164,387$12,222,711$3,030,311$166,943,341
98$234,680,798$12,595,268$2,905,471$183,586,148
99$258,384,754$12,978,951$2,769,319$201,916,676
100$284,499,159$13,374,079$2,621,250$222,106,839