Can I retire at age 51 with 2,860,000?

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 $2,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$236,176$234,072$232,020$230,017$228,060$220,495
2 years$116,919$114,741$112,631$110,585$108,600$101,052
3 years$77,172$74,985$72,880$70,853$68,900$61,606
4 years$57,302$55,122$53,038$51,045$49,140$42,155
5 years$45,383$43,216$41,159$39,208$37,356$30,699
6 years$37,440$35,289$33,263$31,355$29,558$23,235
7 years$31,769$29,636$27,642$25,779$24,039$18,049
8 years$27,517$25,403$23,442$21,625$19,943$14,281
9 years$24,212$22,118$20,191$18,420$16,794$11,454
10 years$21,569$19,496$17,603$15,878$14,310$9,282
11 years$19,408$17,356$15,497$13,819$12,307$7,583
12 years$17,609$15,578$13,753$12,121$10,665$6,234
13 years$16,088$14,078$12,288$10,701$9,300$5,151
14 years$14,785$12,796$11,041$9,499$8,152$4,273
15 years$13,657$11,690$9,968$8,471$7,178$3,557
16 years$12,671$10,725$9,038$7,585$6,344$2,969
17 years$11,802$9,878$8,224$6,815$5,625$2,483
18 years$11,030$9,127$7,507$6,142$5,001$2,081
19 years$10,340$8,459$6,873$5,550$4,458$1,747
20 years$9,720$7,861$6,307$5,026$3,982$1,468
21 years$9,160$7,322$5,802$4,562$3,563$1,235
22 years$8,651$6,835$5,347$4,148$3,194$1,040
23 years$8,188$6,392$4,937$3,777$2,867$876
24 years$7,763$5,989$4,566$3,445$2,577$739
25 years$7,374$5,621$4,229$3,146$2,319$623
26 years$7,014$5,282$3,922$2,877$2,089$526
27 years$6,682$4,971$3,642$2,633$1,883$444
28 years$6,374$4,684$3,386$2,413$1,699$375
29 years$6,088$4,419$3,151$2,212$1,534$317
30 years$5,822$4,174$2,935$2,030$1,386$268
31 years$5,573$3,945$2,736$1,865$1,253$226
32 years$5,340$3,733$2,553$1,714$1,134$191
33 years$5,122$3,535$2,384$1,576$1,026$162
34 years$4,917$3,351$2,227$1,450$929$137
35 years$4,724$3,178$2,082$1,335$841$116
36 years$4,542$3,016$1,948$1,229$762$98
37 years$4,371$2,865$1,823$1,133$691$83
38 years$4,209$2,723$1,707$1,044$626$70
39 years$4,055$2,589$1,599$963$568$59
40 years$3,910$2,463$1,499$888$515$50
41 years$3,772$2,345$1,406$819$467$42
42 years$3,641$2,233$1,319$756$424$36
43 years$3,517$2,128$1,237$698$385$30
44 years$3,398$2,028$1,162$644$349$26
45 years$3,285$1,934$1,091$595$317$22
46 years$3,177$1,845$1,024$550$288$18
47 years$3,075$1,761$962$508$262$16
48 years$2,976$1,681$904$469$238$13
49 years$2,882$1,605$850$434$216$11
50 years$2,792$1,533$799$401$196$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,860,000, adding $5,205 every year, while hoping to spend $21,191 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: 70/8/22 Blend
50$2,860,000$2,860,000$2,860,000$2,860,000
51$3,157,089$3,005,509$2,961,179$3,360,440
52$3,456,565$3,130,232$3,037,831$3,621,659
53$3,785,877$3,260,356$3,116,341$3,904,521
54$4,148,047$3,396,123$3,196,749$4,213,635
55$4,546,402$3,537,788$3,279,095$4,551,600
56$4,984,610$3,685,614$3,363,419$4,921,276
57$5,466,711$3,839,880$3,449,765$5,325,814
58$5,997,157$4,000,876$3,538,173$5,768,681
59$6,580,853$4,168,905$3,628,688$6,253,696
60$7,223,204$4,344,285$3,721,353$6,785,065
61$7,930,164$4,527,348$3,816,211$7,367,420
62$8,708,295$4,718,443$3,913,309$8,005,862
63$9,564,827$4,917,933$4,012,691$8,706,009
64$10,507,727$5,126,198$4,114,403$9,474,048
65$11,545,771$5,343,638$4,218,492$10,316,795
66$12,688,634$5,570,670$4,325,005$11,241,757
67$13,946,972$5,807,730$4,433,990$12,257,204
68$15,332,529$6,055,275$4,545,495$13,372,243
69$16,858,247$6,313,784$4,659,568$14,596,909
70$18,538,384$6,583,755$4,776,260$15,942,255
71$20,388,654$6,865,715$4,895,620$17,420,457
72$22,426,372$7,160,209$5,017,698$19,044,929
73$24,670,616$7,467,814$5,142,545$20,830,449
74$27,142,411$7,789,129$5,270,213$22,793,296
75$29,864,924$8,124,783$5,400,752$24,951,408
76$32,863,683$8,475,435$5,534,214$27,324,543
77$36,166,821$8,841,773$5,670,653$29,934,472
78$39,805,337$9,224,520$5,810,120$32,805,182
79$43,813,391$9,624,431$5,952,668$35,963,098
80$48,228,626$10,042,297$6,098,351$39,437,336
81$53,092,521$10,478,946$6,247,222$43,259,978
82$58,450,789$10,935,244$6,399,334$47,466,368
83$64,353,799$11,412,100$6,554,741$52,095,451
84$70,857,058$11,910,465$6,713,497$57,190,138
85$78,021,733$12,431,333$6,875,654$62,797,708
86$85,915,229$12,975,748$7,041,268$68,970,257
87$94,611,823$13,544,800$7,210,391$75,765,187
88$104,193,367$14,139,633$7,383,077$83,245,745
89$114,750,058$14,761,443$7,559,378$91,481,625
90$126,381,295$15,411,485$7,739,348$100,549,617
91$139,196,610$16,091,071$7,923,039$110,534,339
92$153,316,707$16,801,575$8,110,504$121,529,027
93$168,874,598$17,544,439$8,301,792$133,636,422
94$186,016,860$18,321,170$8,496,956$146,969,730
95$204,905,021$19,133,349$8,696,044$161,653,698
96$225,717,078$19,982,628$8,899,108$177,825,784
97$248,649,186$20,870,743$9,106,193$195,637,458
98$273,917,501$21,799,507$9,317,349$215,255,625
99$301,760,226$22,770,823$9,532,620$236,864,207
100$332,439,859$23,786,682$9,752,052$260,665,871