Can I retire at age 51 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$232,873$230,799$228,775$226,800$224,871$221,510
2 years$115,284$113,137$111,056$109,038$107,081$103,703
3 years$76,092$73,936$71,860$69,862$67,937$64,646
4 years$56,501$54,351$52,296$50,332$48,453$45,275
5 years$44,748$42,612$40,584$38,659$36,833$33,778
6 years$36,916$34,796$32,798$30,916$29,145$26,215
7 years$31,324$29,221$27,255$25,418$23,703$20,899
8 years$27,132$25,048$23,114$21,323$19,664$16,987
9 years$23,873$21,809$19,909$18,162$16,560$14,007
10 years$21,267$19,223$17,357$15,656$14,110$11,680
11 years$19,137$17,113$15,281$13,625$12,135$9,826
12 years$17,363$15,360$13,561$11,951$10,516$8,324
13 years$15,863$13,881$12,116$10,551$9,170$7,093
14 years$14,578$12,618$10,886$9,366$8,038$6,073
15 years$13,466$11,526$9,829$8,353$7,078$5,220
16 years$12,494$10,575$8,911$7,479$6,255$4,502
17 years$11,637$9,739$8,109$6,720$5,546$3,893
18 years$10,876$9,000$7,402$6,056$4,931$3,375
19 years$10,196$8,341$6,777$5,472$4,396$2,931
20 years$9,584$7,751$6,219$4,956$3,926$2,551
21 years$9,032$7,219$5,720$4,498$3,513$2,223
22 years$8,530$6,739$5,272$4,090$3,149$1,940
23 years$8,073$6,303$4,868$3,725$2,827$1,694
24 years$7,655$5,905$4,502$3,397$2,541$1,482
25 years$7,270$5,542$4,170$3,102$2,287$1,297
26 years$6,916$5,209$3,867$2,837$2,060$1,135
27 years$6,589$4,902$3,591$2,596$1,857$995
28 years$6,285$4,619$3,338$2,379$1,676$872
29 years$6,003$4,357$3,107$2,181$1,513$765
30 years$5,740$4,115$2,894$2,002$1,367$672
31 years$5,495$3,890$2,698$1,839$1,236$590
32 years$5,265$3,681$2,517$1,690$1,118$518
33 years$5,050$3,486$2,350$1,554$1,012$455
34 years$4,848$3,304$2,196$1,430$916$400
35 years$4,658$3,134$2,053$1,316$830$351
36 years$4,479$2,974$1,921$1,212$752$309
37 years$4,310$2,825$1,798$1,117$681$272
38 years$4,150$2,685$1,683$1,029$618$239
39 years$3,999$2,553$1,577$949$560$210
40 years$3,855$2,429$1,478$875$508$185
41 years$3,719$2,312$1,386$808$461$162
42 years$3,590$2,202$1,300$745$418$143
43 years$3,467$2,098$1,220$688$380$126
44 years$3,351$2,000$1,145$635$345$111
45 years$3,239$1,907$1,075$587$313$97
46 years$3,133$1,819$1,010$542$284$86
47 years$3,032$1,736$949$501$258$75
48 years$2,935$1,657$892$463$234$66
49 years$2,842$1,583$838$428$213$58
50 years$2,753$1,512$788$395$193$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,820,000, adding $3,408 every year, while hoping to spend $23,526 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: 74/12/14 Blend
50$2,820,000$2,820,000$2,820,000$2,820,000
51$3,111,155$2,961,695$2,917,985$3,331,804
52$3,403,462$3,081,787$2,990,706$3,598,270
53$3,724,795$3,206,975$3,065,075$3,886,897
54$4,078,091$3,337,483$3,141,122$4,202,504
55$4,466,584$3,473,547$3,218,877$4,547,763
56$4,893,837$3,615,414$3,298,372$4,925,615
57$5,363,779$3,763,339$3,379,637$5,339,298
58$5,880,733$3,917,591$3,462,704$5,792,380
59$6,449,467$4,078,452$3,547,604$6,288,786
60$7,075,232$4,246,216$3,634,368$6,832,841
61$7,763,815$4,421,190$3,723,028$7,429,308
62$8,521,591$4,603,695$3,813,616$8,083,429
63$9,355,584$4,794,067$3,906,164$8,800,982
64$10,273,536$4,992,659$4,000,703$9,588,326
65$11,283,976$5,199,837$4,097,265$10,452,469
66$12,396,299$5,415,988$4,195,882$11,401,126
67$13,620,863$5,641,512$4,296,585$12,442,798
68$14,969,077$5,876,832$4,399,406$13,586,846
69$16,453,513$6,122,387$4,504,376$14,843,584
70$18,088,026$6,378,639$4,611,528$16,224,373
71$19,887,881$6,646,069$4,720,890$17,741,725
72$21,869,900$6,925,181$4,832,495$19,409,427
73$24,052,619$7,216,504$4,946,373$21,242,665
74$26,456,463$7,520,590$5,062,553$23,258,170
75$29,103,939$7,838,015$5,181,065$25,474,373
76$32,019,848$8,169,385$5,301,939$27,911,580
77$35,231,520$8,515,333$5,425,201$30,592,160
78$38,769,071$8,876,520$5,550,881$33,540,760
79$42,665,686$9,253,639$5,679,005$36,784,533
80$46,957,934$9,647,416$5,809,600$40,353,397
81$51,686,112$10,058,608$5,942,691$44,280,311
82$56,894,626$10,488,010$6,078,302$48,601,592
83$62,632,410$10,936,454$6,216,456$53,357,251
84$68,953,385$11,404,810$6,357,177$58,591,374
85$75,916,972$11,893,987$6,500,484$64,352,536
86$83,588,651$12,404,941$6,646,398$70,694,257
87$92,040,577$12,938,667$6,794,937$77,675,506
88$101,352,266$13,496,212$6,946,117$85,361,261
89$111,611,339$14,078,667$7,099,953$93,823,115
90$122,914,353$14,687,180$7,256,459$103,139,955
91$135,367,712$15,322,947$7,415,646$113,398,704
92$149,088,671$15,987,223$7,577,522$124,695,140
93$164,206,441$16,681,323$7,742,095$137,134,799
94$180,863,412$17,406,622$7,909,369$150,833,972
95$199,216,493$18,164,560$8,079,346$165,920,795
96$219,438,597$18,956,644$8,252,025$182,536,466
97$241,720,268$19,784,454$8,427,403$200,836,569
98$266,271,487$20,649,644$8,605,472$220,992,546
99$293,323,646$21,553,944$8,786,223$243,193,309
100$323,131,738$22,499,167$8,969,641$267,647,027