Can I retire at age 51 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$233,699$231,617$229,586$227,604$225,668$223,311
2 years$115,692$113,538$111,450$109,425$107,461$105,088
3 years$76,362$74,198$72,115$70,110$68,178$65,861
4 years$56,701$54,544$52,481$50,510$48,625$46,384
5 years$44,907$42,763$40,728$38,797$36,964$34,804
6 years$37,047$34,919$32,914$31,026$29,248$27,172
7 years$31,435$29,325$27,352$25,508$23,787$21,796
8 years$27,228$25,137$23,196$21,398$19,733$17,827
9 years$23,958$21,886$19,979$18,226$16,618$14,797
10 years$21,343$19,292$17,418$15,711$14,160$12,421
11 years$19,205$17,174$15,335$13,674$12,178$10,521
12 years$17,424$15,415$13,609$11,994$10,553$8,976
13 years$15,919$13,930$12,159$10,589$9,202$7,703
14 years$14,630$12,662$10,925$9,399$8,067$6,644
15 years$13,514$11,567$9,864$8,383$7,103$5,753
16 years$12,538$10,613$8,943$7,506$6,277$5,000
17 years$11,678$9,774$8,138$6,744$5,566$4,357
18 years$10,914$9,032$7,429$6,077$4,949$3,807
19 years$10,232$8,370$6,801$5,492$4,411$3,334
20 years$9,618$7,778$6,241$4,974$3,940$2,924
21 years$9,064$7,245$5,741$4,514$3,526$2,570
22 years$8,561$6,763$5,291$4,104$3,160$2,261
23 years$8,102$6,325$4,885$3,738$2,837$1,992
24 years$7,682$5,926$4,518$3,409$2,550$1,757
25 years$7,296$5,562$4,185$3,113$2,295$1,551
26 years$6,941$5,227$3,881$2,847$2,067$1,370
27 years$6,612$4,919$3,604$2,606$1,863$1,211
28 years$6,307$4,635$3,350$2,387$1,681$1,071
29 years$6,024$4,373$3,118$2,189$1,518$948
30 years$5,761$4,130$2,904$2,009$1,372$840
31 years$5,514$3,904$2,707$1,845$1,240$744
32 years$5,284$3,694$2,526$1,696$1,122$659
33 years$5,068$3,498$2,359$1,559$1,015$585
34 years$4,865$3,316$2,204$1,435$919$518
35 years$4,674$3,145$2,060$1,321$833$460
36 years$4,495$2,985$1,927$1,216$754$408
37 years$4,325$2,835$1,804$1,121$684$362
38 years$4,165$2,694$1,689$1,033$620$321
39 years$4,013$2,562$1,583$953$562$285
40 years$3,869$2,437$1,483$879$510$253
41 years$3,733$2,320$1,391$811$463$225
42 years$3,603$2,210$1,305$748$420$200
43 years$3,480$2,105$1,224$691$381$177
44 years$3,362$2,007$1,149$638$346$158
45 years$3,251$1,914$1,079$589$314$140
46 years$3,144$1,826$1,014$544$285$124
47 years$3,042$1,742$952$503$259$111
48 years$2,945$1,663$895$464$235$98
49 years$2,852$1,588$841$429$213$87
50 years$2,763$1,517$791$397$194$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,830,000, adding $5,385 every year, while hoping to spend $58,757 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: 70/18/12 Blend
50$2,830,000$2,830,000$2,830,000$2,830,000
51$3,124,215$2,974,225$2,930,360$3,334,568
52$3,380,368$3,057,445$2,966,010$3,558,033
53$3,660,679$3,142,773$3,000,885$3,794,868
54$3,967,550$3,230,251$3,034,897$4,052,496
55$4,303,628$3,319,921$3,067,953$4,332,953
56$4,671,823$3,411,823$3,099,955$4,638,483
57$5,075,346$3,505,998$3,130,800$4,971,556
58$5,517,728$3,602,489$3,160,379$5,334,891
59$6,002,861$3,701,336$3,188,576$5,731,484
60$6,535,031$3,802,579$3,215,271$6,164,633
61$7,118,958$3,906,260$3,240,337$6,637,973
62$7,759,842$4,012,417$3,263,639$7,155,505
63$8,463,412$4,121,091$3,285,036$7,721,638
64$9,235,975$4,232,320$3,304,381$8,341,228
65$10,084,483$4,346,142$3,321,516$9,019,625
66$11,016,591$4,462,594$3,336,278$9,762,721
67$12,040,735$4,581,713$3,348,494$10,577,008
68$13,166,205$4,703,532$3,357,984$11,469,639
69$14,403,239$4,828,085$3,364,557$12,448,492
70$15,763,113$4,955,406$3,368,014$13,522,250
71$17,258,254$5,085,524$3,368,145$14,700,476
72$18,902,348$5,218,467$3,364,731$15,993,709
73$20,710,479$5,354,263$3,357,540$17,413,558
74$22,699,261$5,492,935$3,346,332$18,972,818
75$24,887,004$5,634,507$3,330,851$20,685,582
76$27,293,877$5,778,997$3,310,834$22,567,382
77$29,942,106$5,926,421$3,286,000$24,635,332
78$32,856,178$6,076,793$3,256,058$26,908,287
79$36,063,075$6,230,123$3,220,703$29,407,026
80$39,592,525$6,386,416$3,179,614$32,154,443
81$43,477,287$6,545,674$3,132,455$35,175,766
82$47,753,454$6,707,895$3,078,875$38,498,794
83$52,460,796$6,873,072$3,018,508$42,154,161
84$57,643,136$7,041,192$2,950,967$46,175,620
85$63,348,763$7,212,237$2,875,851$50,600,369
86$69,630,883$7,386,183$2,792,739$55,469,395
87$76,548,127$7,563,000$2,701,189$60,827,866
88$84,165,099$7,742,650$2,600,742$66,725,553
89$92,552,987$7,925,088$2,490,915$73,217,304
90$101,790,236$8,110,262$2,371,205$80,363,559
91$111,963,285$8,298,110$2,241,085$88,230,920
92$123,167,384$8,488,561$2,100,006$96,892,782
93$135,507,493$8,681,535$1,947,391$106,430,025
94$149,099,269$8,876,942$1,782,640$116,931,777
95$164,070,161$9,074,679$1,605,126$128,496,255
96$180,560,612$9,274,633$1,414,192$141,231,694
97$198,725,380$9,476,676$1,209,153$155,257,367
98$218,735,004$9,680,668$989,294$170,704,711
99$240,777,407$9,886,454$753,869$187,718,571
100$265,059,676$10,093,864$502,097$206,458,565