Can I retire at age 51 with 2,890,000?

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$238,653$236,528$234,454$232,429$230,453$223,883
2 years$118,145$115,945$113,812$111,745$109,739$103,172
3 years$77,981$75,771$73,644$71,596$69,623$63,264
4 years$57,903$55,700$53,594$51,581$49,656$43,553
5 years$45,859$43,669$41,591$39,619$37,748$31,918
6 years$37,833$35,659$33,612$31,684$29,868$24,317
7 years$32,102$29,947$27,932$26,049$24,291$19,018
8 years$27,805$25,670$23,688$21,852$20,152$15,155
9 years$24,466$22,350$20,403$18,613$16,971$12,244
10 years$21,795$19,701$17,788$16,044$14,460$9,998
11 years$19,612$17,538$15,660$13,964$12,436$8,231
12 years$17,794$15,741$13,898$12,248$10,777$6,821
13 years$16,257$14,226$12,417$10,813$9,398$5,682
14 years$14,940$12,931$11,156$9,599$8,238$4,753
15 years$13,800$11,812$10,073$8,560$7,253$3,990
16 years$12,804$10,838$9,132$7,665$6,410$3,359
17 years$11,925$9,981$8,310$6,887$5,684$2,835
18 years$11,146$9,223$7,586$6,206$5,054$2,397
19 years$10,449$8,548$6,945$5,608$4,505$2,030
20 years$9,822$7,943$6,374$5,079$4,024$1,722
21 years$9,256$7,399$5,862$4,610$3,601$1,462
22 years$8,742$6,906$5,403$4,191$3,228$1,243
23 years$8,274$6,459$4,989$3,817$2,897$1,057
24 years$7,845$6,052$4,614$3,481$2,604$900
25 years$7,451$5,679$4,273$3,179$2,343$766
26 years$7,088$5,338$3,963$2,907$2,111$653
27 years$6,752$5,024$3,680$2,661$1,903$557
28 years$6,441$4,734$3,421$2,438$1,717$475
29 years$6,152$4,466$3,184$2,236$1,551$405
30 years$5,883$4,217$2,966$2,052$1,401$346
31 years$5,631$3,987$2,765$1,884$1,267$295
32 years$5,396$3,772$2,580$1,732$1,146$252
33 years$5,176$3,572$2,409$1,593$1,037$215
34 years$4,968$3,386$2,250$1,465$939$184
35 years$4,774$3,211$2,104$1,349$850$157
36 years$4,590$3,048$1,968$1,242$770$134
37 years$4,417$2,895$1,842$1,145$698$115
38 years$4,253$2,751$1,725$1,055$633$98
39 years$4,098$2,616$1,616$973$574$84
40 years$3,951$2,489$1,515$897$521$71
41 years$3,812$2,369$1,421$828$472$61
42 years$3,679$2,257$1,332$764$429$52
43 years$3,554$2,150$1,250$705$389$45
44 years$3,434$2,049$1,174$651$353$38
45 years$3,320$1,954$1,102$601$321$33
46 years$3,211$1,864$1,035$555$291$28
47 years$3,107$1,779$972$513$264$24
48 years$3,007$1,698$914$474$240$20
49 years$2,913$1,622$859$438$218$17
50 years$2,822$1,549$808$405$198$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,890,000, adding $4,424 every year, while hoping to spend $44,711 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: 36/50/14 Blend
50$2,890,000$2,890,000$2,890,000$2,890,000
51$3,189,343$3,036,173$2,991,378$3,290,271
52$3,467,084$3,137,374$3,044,017$3,464,589
53$3,771,656$3,242,034$3,096,921$3,648,066
54$4,105,749$3,350,278$3,150,052$3,845,170
55$4,472,324$3,462,230$3,203,368$4,057,137
56$4,874,646$3,578,024$3,256,825$4,285,323
57$5,316,308$3,697,795$3,310,377$4,531,219
58$5,801,269$3,821,686$3,363,973$4,796,464
59$6,333,892$3,949,841$3,417,559$5,082,856
60$6,918,980$4,082,415$3,471,078$5,392,373
61$7,561,827$4,219,564$3,524,470$5,727,190
62$8,268,263$4,361,453$3,577,670$6,089,696
63$9,044,713$4,508,250$3,630,608$6,482,519
64$9,898,252$4,660,133$3,683,212$6,908,547
65$10,836,678$4,817,284$3,735,404$7,370,961
66$11,868,581$4,979,893$3,787,102$7,873,253
67$13,003,425$5,148,156$3,838,219$8,419,271
68$14,251,636$5,322,278$3,888,661$9,013,244
69$15,624,704$5,502,471$3,938,332$9,659,828
70$17,135,286$5,688,954$3,987,128$10,364,144
71$18,797,329$5,881,956$4,034,941$11,131,830
72$20,626,198$6,081,713$4,081,653$11,969,089
73$22,638,826$6,288,473$4,127,144$12,882,749
74$24,853,867$6,502,489$4,171,284$13,880,328
75$27,291,878$6,724,028$4,213,939$14,970,100
76$29,975,508$6,953,364$4,254,964$16,161,174
77$32,929,714$7,190,782$4,294,210$17,463,579
78$36,181,995$7,436,581$4,331,516$18,888,358
79$39,762,652$7,691,067$4,366,715$20,447,668
80$43,705,075$7,954,561$4,399,632$22,154,899
81$48,046,053$8,227,395$4,430,081$24,024,795
82$52,826,127$8,509,915$4,457,865$26,073,590
83$58,089,970$8,802,478$4,482,781$28,319,167
84$63,886,805$9,105,458$4,504,613$30,781,217
85$70,270,875$9,419,241$4,523,133$33,481,431
86$77,301,949$9,744,229$4,538,103$36,443,696
87$85,045,892$10,080,840$4,549,273$39,694,325
88$93,575,279$10,429,508$4,556,380$43,262,301
89$102,970,088$10,790,684$4,559,149$47,179,548
90$113,318,446$11,164,836$4,557,290$51,481,234
91$124,717,467$11,552,453$4,550,499$56,206,097
92$137,274,165$11,954,040$4,538,457$61,396,811
93$151,106,466$12,370,123$4,520,831$67,100,388
94$166,344,316$12,801,250$4,497,269$73,368,617
95$183,130,914$13,247,989$4,467,406$80,258,554
96$201,624,059$13,710,932$4,430,856$87,833,054
97$221,997,639$14,190,694$4,387,216$96,161,368
98$244,443,274$14,687,914$4,336,063$105,319,790
99$269,172,123$15,203,257$4,276,956$115,392,375
100$296,416,877$15,737,414$4,209,432$126,471,734