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%17.5%
1 years$237,828$235,709$233,642$231,625$229,655$222,661
2 years$117,736$115,544$113,419$111,358$109,360$102,373
3 years$77,711$75,509$73,389$71,348$69,382$62,622
4 years$57,703$55,507$53,409$51,402$49,484$43,002
5 years$45,701$43,518$41,447$39,482$37,617$31,432
6 years$37,702$35,536$33,496$31,574$29,765$23,881
7 years$31,991$29,843$27,835$25,959$24,207$18,624
8 years$27,709$25,581$23,606$21,776$20,082$14,797
9 years$24,381$22,273$20,332$18,548$16,912$11,919
10 years$21,720$19,632$17,726$15,989$14,410$9,702
11 years$19,544$17,478$15,606$13,915$12,393$7,962
12 years$17,732$15,687$13,850$12,205$10,739$6,576
13 years$16,200$14,176$12,374$10,776$9,365$5,459
14 years$14,888$12,886$11,118$9,565$8,209$4,551
15 years$13,752$11,772$10,038$8,531$7,228$3,807
16 years$12,759$10,800$9,101$7,638$6,388$3,194
17 years$11,884$9,947$8,281$6,863$5,664$2,685
18 years$11,107$9,191$7,560$6,185$5,036$2,262
19 years$10,413$8,518$6,921$5,589$4,489$1,909
20 years$9,788$7,916$6,351$5,062$4,010$1,613
21 years$9,224$7,373$5,842$4,594$3,588$1,364
22 years$8,712$6,882$5,384$4,177$3,216$1,155
23 years$8,245$6,437$4,972$3,804$2,887$979
24 years$7,818$6,031$4,598$3,469$2,595$830
25 years$7,425$5,660$4,259$3,168$2,335$704
26 years$7,063$5,319$3,950$2,897$2,103$597
27 years$6,729$5,006$3,668$2,652$1,896$507
28 years$6,419$4,717$3,409$2,429$1,711$431
29 years$6,131$4,450$3,173$2,228$1,545$366
30 years$5,862$4,203$2,955$2,045$1,396$311
31 years$5,612$3,973$2,755$1,878$1,262$265
32 years$5,377$3,759$2,571$1,726$1,142$225
33 years$5,158$3,560$2,400$1,587$1,033$191
34 years$4,951$3,374$2,243$1,460$936$163
35 years$4,757$3,200$2,097$1,344$847$138
36 years$4,574$3,038$1,961$1,238$768$118
37 years$4,401$2,885$1,836$1,141$696$100
38 years$4,238$2,742$1,719$1,051$631$85
39 years$4,084$2,607$1,611$969$572$72
40 years$3,937$2,480$1,510$894$519$62
41 years$3,799$2,361$1,416$825$471$52
42 years$3,667$2,249$1,328$761$427$45
43 years$3,541$2,143$1,246$703$388$38
44 years$3,422$2,042$1,170$649$352$32
45 years$3,308$1,948$1,098$599$319$27
46 years$3,200$1,858$1,031$554$290$23
47 years$3,096$1,773$969$511$263$20
48 years$2,997$1,693$911$473$239$17
49 years$2,902$1,616$856$437$217$14
50 years$2,812$1,544$805$404$197$12

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 $3,456 every year, while hoping to spend $21,250 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: 51/39/10 Blend
50$2,880,000$2,880,000$2,880,000$2,880,000
51$3,177,325$3,024,685$2,980,045$3,330,871
52$3,478,802$3,150,285$3,057,267$3,561,622
53$3,810,318$3,281,326$3,136,363$3,809,779
54$4,174,914$3,418,055$3,217,374$4,079,053
55$4,575,940$3,560,725$3,300,342$4,371,437
56$5,017,090$3,709,604$3,385,307$4,689,119
57$5,502,431$3,864,973$3,472,313$5,034,505
58$6,036,445$4,027,122$3,561,401$5,410,238
59$6,624,070$4,196,359$3,652,616$5,819,223
60$7,270,749$4,373,004$3,746,002$6,264,653
61$7,982,475$4,557,392$3,841,603$6,750,041
62$8,765,857$4,749,873$3,939,466$7,279,247
63$9,628,172$4,950,814$4,039,636$7,856,518
64$10,577,441$5,160,600$4,142,159$8,486,522
65$11,622,503$5,379,632$4,247,084$9,174,396
66$12,773,095$5,608,330$4,354,458$9,925,792
67$14,039,947$5,847,136$4,464,330$10,746,923
68$15,434,885$6,096,509$4,576,748$11,644,630
69$16,970,937$6,356,931$4,691,762$12,626,437
70$18,662,459$6,628,907$4,809,423$13,700,624
71$20,525,272$6,912,966$4,929,781$14,876,305
72$22,576,808$7,209,659$5,052,887$16,163,508
73$24,836,276$7,519,566$5,178,792$17,573,272
74$27,324,844$7,843,293$5,307,549$19,117,745
75$30,065,837$8,181,473$5,439,211$20,810,303
76$33,084,957$8,534,770$5,573,830$22,665,668
77$36,410,529$8,903,880$5,711,459$24,700,048
78$40,073,763$9,289,530$5,852,153$26,931,287
79$44,109,051$9,692,481$5,995,964$29,379,033
80$48,554,293$10,113,531$6,142,948$32,064,917
81$53,451,253$10,553,516$6,293,158$35,012,759
82$58,845,951$11,013,309$6,446,650$38,248,788
83$64,789,104$11,493,827$6,603,478$41,801,885
84$71,336,594$11,996,027$6,763,697$45,703,858
85$78,550,008$12,520,913$6,927,362$49,989,735
86$86,497,208$13,069,537$7,094,527$54,698,092
87$95,252,978$13,642,999$7,265,249$59,871,415
88$104,899,727$14,242,451$7,439,580$65,556,498
89$115,528,270$14,869,102$7,617,577$71,804,878
90$127,238,681$15,524,215$7,799,293$78,673,324
91$140,141,239$16,209,114$7,984,781$86,224,361
92$154,357,470$16,925,186$8,174,097$94,526,864
93$170,021,295$17,673,883$8,367,292$103,656,696
94$187,280,290$18,456,726$8,564,419$113,697,427
95$206,297,082$19,275,308$8,765,529$124,741,115
96$227,250,884$20,131,298$8,970,674$136,889,168
97$250,339,186$21,026,443$9,179,904$150,253,300
98$275,779,620$21,962,576$9,393,268$164,956,579
99$303,812,011$22,941,612$9,610,813$181,134,581
100$334,700,648$23,965,562$9,832,586$198,936,669