Can I retire at age 51 with 2,850,000?

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 $2,850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$235,350$233,254$231,209$229,212$227,263$222,130
2 years$116,510$114,340$112,237$110,198$108,220$103,077
3 years$76,902$74,723$72,625$70,605$68,660$63,665
4 years$57,102$54,929$52,852$50,867$48,969$44,163
5 years$45,225$43,065$41,016$39,071$37,225$32,621
6 years$37,309$35,166$33,147$31,245$29,455$25,057
7 years$31,657$29,532$27,545$25,688$23,955$19,764
8 years$27,421$25,315$23,360$21,549$19,873$15,888
9 years$24,127$22,041$20,120$18,355$16,736$12,954
10 years$21,494$19,428$17,541$15,822$14,260$10,676
11 years$19,341$17,296$15,443$13,770$12,264$8,874
12 years$17,548$15,524$13,705$12,078$10,628$7,426
13 years$16,032$14,029$12,245$10,663$9,267$6,249
14 years$14,733$12,752$11,002$9,466$8,124$5,282
15 years$13,609$11,649$9,933$8,442$7,153$4,481
16 years$12,627$10,688$9,006$7,559$6,322$3,813
17 years$11,760$9,843$8,195$6,791$5,605$3,253
18 years$10,991$9,095$7,481$6,120$4,984$2,781
19 years$10,304$8,429$6,849$5,530$4,442$2,382
20 years$9,686$7,833$6,285$5,009$3,968$2,043
21 years$9,128$7,296$5,781$4,546$3,551$1,755
22 years$8,621$6,811$5,328$4,133$3,183$1,509
23 years$8,159$6,370$4,920$3,764$2,857$1,299
24 years$7,736$5,968$4,550$3,433$2,568$1,119
25 years$7,348$5,601$4,214$3,135$2,311$965
26 years$6,990$5,264$3,908$2,867$2,082$832
27 years$6,659$4,954$3,629$2,624$1,877$718
28 years$6,352$4,668$3,374$2,404$1,693$620
29 years$6,067$4,404$3,140$2,205$1,529$536
30 years$5,801$4,159$2,925$2,023$1,382$463
31 years$5,553$3,932$2,726$1,858$1,249$400
32 years$5,321$3,720$2,544$1,708$1,130$346
33 years$5,104$3,523$2,375$1,570$1,023$299
34 years$4,900$3,339$2,219$1,445$926$258
35 years$4,708$3,167$2,075$1,330$839$224
36 years$4,526$3,006$1,941$1,225$760$193
37 years$4,356$2,855$1,817$1,129$689$167
38 years$4,194$2,713$1,701$1,040$624$145
39 years$4,041$2,580$1,594$959$566$125
40 years$3,896$2,455$1,494$885$513$108
41 years$3,759$2,337$1,401$816$466$94
42 years$3,628$2,225$1,314$753$423$81
43 years$3,504$2,120$1,233$695$384$70
44 years$3,386$2,021$1,157$642$348$61
45 years$3,274$1,927$1,087$593$316$53
46 years$3,166$1,839$1,021$548$287$46
47 years$3,064$1,755$959$506$261$39
48 years$2,966$1,675$901$468$237$34
49 years$2,872$1,599$847$432$215$30
50 years$2,783$1,528$796$399$195$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,850,000, adding $2,917 every year, while hoping to spend $34,771 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: 44/34/22 Blend
50$2,850,000$2,850,000$2,850,000$2,850,000
51$3,143,709$2,992,659$2,948,484$3,261,873
52$3,427,371$3,102,303$3,010,262$3,455,324
53$3,738,802$3,216,154$3,072,944$3,661,269
54$4,080,796$3,334,383$3,136,524$3,883,801
55$4,456,433$3,457,164$3,200,995$4,124,476
56$4,869,107$3,584,682$3,266,345$4,385,001
57$5,322,554$3,717,130$3,332,566$4,667,254
58$5,820,892$3,854,707$3,399,644$4,973,302
59$6,368,657$3,997,621$3,467,566$5,305,414
60$6,970,845$4,146,090$3,536,315$5,666,087
61$7,632,964$4,300,341$3,605,874$6,058,069
62$8,361,078$4,460,609$3,676,222$6,484,379
63$9,161,870$4,627,141$3,747,338$6,948,342
64$10,042,704$4,800,194$3,819,197$7,453,613
65$11,011,692$4,980,036$3,891,773$8,004,217
66$12,077,773$5,166,946$3,965,035$8,604,579
67$13,250,795$5,361,216$4,038,953$9,259,573
68$14,541,610$5,563,149$4,113,492$9,974,561
69$15,962,174$5,773,063$4,188,613$10,755,444
70$17,525,660$5,991,288$4,264,277$11,608,719
71$19,246,586$6,218,169$4,340,439$12,541,538
72$21,140,946$6,454,067$4,417,051$13,561,775
73$23,226,363$6,699,357$4,494,063$14,678,096
74$25,522,257$6,954,431$4,571,419$15,900,047
75$28,050,027$7,219,698$4,649,062$17,238,135
76$30,833,252$7,495,585$4,726,927$18,703,930
77$33,897,912$7,782,537$4,804,947$20,310,176
78$37,272,636$8,081,019$4,883,051$22,070,902
79$40,988,973$8,391,517$4,961,161$24,001,561
80$45,081,684$8,714,537$5,039,195$26,119,171
81$49,589,074$9,050,607$5,117,067$28,442,474
82$54,553,353$9,400,281$5,194,682$30,992,113
83$60,021,034$9,764,133$5,271,943$33,790,824
84$66,043,370$10,142,766$5,348,743$36,863,650
85$72,676,840$10,536,809$5,424,973$40,238,175
86$79,983,682$10,946,916$5,500,513$43,944,784
87$88,032,476$11,373,773$5,575,239$48,016,947
88$96,898,796$11,818,096$5,649,017$52,491,534
89$106,665,922$12,280,631$5,721,708$57,409,158
90$117,425,623$12,762,160$5,793,162$62,814,564
91$129,279,027$13,263,496$5,863,224$68,757,040
92$142,337,572$13,785,491$5,931,726$75,290,886
93$156,724,059$14,329,035$5,998,493$82,475,925
94$172,573,811$14,895,056$6,063,341$90,378,061
95$190,035,951$15,484,525$6,126,074$99,069,902
96$209,274,807$16,098,455$6,186,486$108,631,444
97$230,471,464$16,737,907$6,244,361$119,150,819
98$253,825,476$17,403,986$6,299,469$130,725,130
99$279,556,743$18,097,850$6,351,570$143,461,361
100$307,907,593$18,820,707$6,400,410$157,477,385