Can I retire at age 51 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$232,047$229,980$227,964$225,995$224,073$217,511
2 years$114,875$112,735$110,662$108,652$106,702$100,143
3 years$75,822$73,674$71,606$69,614$67,696$61,347
4 years$56,300$54,158$52,111$50,153$48,281$42,191
5 years$44,590$42,461$40,440$38,522$36,703$30,887
6 years$36,785$34,672$32,681$30,807$29,042$23,506
7 years$31,213$29,118$27,158$25,328$23,619$18,363
8 years$27,036$24,959$23,033$21,247$19,594$14,615
9 years$23,788$21,732$19,838$18,098$16,501$11,794
10 years$21,192$19,155$17,295$15,600$14,060$9,618
11 years$19,069$17,053$15,226$13,577$12,092$7,908
12 years$17,301$15,306$13,513$11,909$10,478$6,545
13 years$15,807$13,832$12,073$10,514$9,137$5,444
14 years$14,527$12,573$10,848$9,333$8,010$4,548
15 years$13,418$11,485$9,794$8,323$7,052$3,813
16 years$12,449$10,538$8,880$7,453$6,233$3,205
17 years$11,595$9,705$8,080$6,696$5,527$2,701
18 years$10,837$8,968$7,376$6,035$4,914$2,280
19 years$10,159$8,311$6,752$5,453$4,380$1,928
20 years$9,550$7,723$6,197$4,938$3,912$1,633
21 years$9,000$7,194$5,700$4,482$3,501$1,385
22 years$8,500$6,715$5,254$4,075$3,138$1,175
23 years$8,045$6,281$4,851$3,711$2,817$998
24 years$7,628$5,884$4,486$3,385$2,532$848
25 years$7,245$5,522$4,155$3,091$2,278$721
26 years$6,892$5,190$3,854$2,827$2,052$614
27 years$6,565$4,884$3,578$2,587$1,850$522
28 years$6,263$4,603$3,327$2,370$1,670$445
29 years$5,982$4,342$3,096$2,174$1,508$379
30 years$5,720$4,101$2,883$1,995$1,362$323
31 years$5,475$3,876$2,688$1,832$1,232$275
32 years$5,247$3,668$2,508$1,684$1,114$234
33 years$5,032$3,474$2,342$1,548$1,008$200
34 years$4,831$3,292$2,188$1,425$913$170
35 years$4,641$3,123$2,046$1,312$827$145
36 years$4,463$2,964$1,914$1,208$749$124
37 years$4,294$2,815$1,791$1,113$679$106
38 years$4,135$2,675$1,677$1,026$616$90
39 years$3,985$2,544$1,572$946$558$77
40 years$3,842$2,420$1,473$872$506$66
41 years$3,706$2,304$1,381$805$459$56
42 years$3,578$2,194$1,296$743$417$48
43 years$3,455$2,090$1,216$686$378$41
44 years$3,339$1,993$1,141$633$343$35
45 years$3,228$1,900$1,072$585$312$30
46 years$3,122$1,813$1,006$540$283$25
47 years$3,021$1,730$946$499$257$22
48 years$2,924$1,651$889$461$233$18
49 years$2,832$1,577$835$426$212$16
50 years$2,744$1,506$785$394$193$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,810,000, adding $3,143 every year, while hoping to spend $57,944 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: 59/13/28 Blend
50$2,810,000$2,810,000$2,810,000$2,810,000
51$3,099,862$2,950,932$2,907,377$3,258,977
52$3,354,396$3,033,876$2,943,122$3,451,053
53$3,632,950$3,118,942$2,978,123$3,654,040
54$3,937,914$3,206,173$3,012,293$3,874,257
55$4,271,918$3,295,611$3,045,541$4,113,394
56$4,637,858$3,387,301$3,077,772$4,373,314
57$5,038,927$3,481,286$3,108,884$4,656,067
58$5,478,636$3,577,608$3,138,770$4,963,914
59$5,960,856$3,676,310$3,167,318$5,299,343
60$6,489,850$3,777,436$3,194,410$5,665,097
61$7,070,312$3,881,028$3,219,920$6,064,200
62$7,707,415$3,987,128$3,243,718$6,499,982
63$8,406,853$4,095,780$3,265,665$6,976,112
64$9,174,903$4,207,023$3,285,615$7,496,633
65$10,018,476$4,320,901$3,303,416$8,066,002
66$10,945,187$4,437,451$3,318,907$8,689,128
67$11,963,424$4,556,715$3,331,919$9,371,423
68$13,082,430$4,678,730$3,342,274$10,118,849
69$14,312,384$4,803,534$3,349,787$10,937,976
70$15,664,503$4,931,163$3,354,260$11,836,046
71$17,151,144$5,061,652$3,355,490$12,821,039
72$18,785,922$5,195,034$3,353,260$13,901,749
73$20,583,836$5,331,341$3,347,345$15,087,867
74$22,561,413$5,470,602$3,337,506$16,390,074
75$24,736,860$5,612,844$3,323,495$17,820,141
76$27,130,239$5,758,094$3,305,052$19,391,040
77$29,763,655$5,906,372$3,281,903$21,117,067
78$32,661,463$6,057,699$3,253,762$23,013,977
79$35,850,497$6,212,091$3,220,328$25,099,133
80$39,360,327$6,369,562$3,181,287$27,391,671
81$43,223,530$6,530,121$3,136,311$29,912,680
82$47,476,007$6,693,774$3,085,054$32,685,403
83$52,157,312$6,860,521$3,027,156$35,735,452
84$57,311,031$7,030,360$2,962,239$39,091,058
85$62,985,190$7,203,281$2,889,908$42,783,331
86$69,232,709$7,379,272$2,809,749$46,846,557
87$76,111,900$7,558,311$2,721,331$51,318,522
88$83,687,019$7,740,373$2,624,200$56,240,869
89$92,028,868$7,925,425$2,517,884$61,659,493
90$101,215,468$8,113,426$2,401,888$67,624,972
91$111,332,791$8,304,328$2,275,696$74,193,047
92$122,475,570$8,498,075$2,138,767$81,425,151
93$134,748,198$8,694,601$1,990,536$89,388,983
94$148,265,709$8,893,830$1,830,413$98,159,156
95$163,154,860$9,095,678$1,657,781$107,817,897
96$179,555,336$9,300,046$1,471,997$118,455,826
97$197,621,059$9,506,827$1,272,387$130,172,810
98$217,521,644$9,715,899$1,058,250$143,078,912
99$239,444,002$9,927,127$828,850$157,295,426
100$263,594,097$10,140,363$583,424$172,956,026