Can I retire at age 51 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$237,828$235,709$233,642$231,625$229,655$225,203
2 years$117,736$115,544$113,419$111,358$109,360$104,892
3 years$77,711$75,509$73,389$71,348$69,382$65,038
4 years$57,703$55,507$53,409$51,402$49,484$45,298
5 years$45,701$43,518$41,447$39,482$37,617$33,600
6 years$37,702$35,536$33,496$31,574$29,765$25,922
7 years$31,991$29,843$27,835$25,959$24,207$20,539
8 years$27,709$25,581$23,606$21,776$20,082$16,588
9 years$24,381$22,273$20,332$18,548$16,912$13,589
10 years$21,720$19,632$17,726$15,989$14,410$11,255
11 years$19,544$17,478$15,606$13,915$12,393$9,403
12 years$17,732$15,687$13,850$12,205$10,739$7,910
13 years$16,200$14,176$12,374$10,776$9,365$6,691
14 years$14,888$12,886$11,118$9,565$8,209$5,687
15 years$13,752$11,772$10,038$8,531$7,228$4,851
16 years$12,759$10,800$9,101$7,638$6,388$4,151
17 years$11,884$9,947$8,281$6,863$5,664$3,562
18 years$11,107$9,191$7,560$6,185$5,036$3,063
19 years$10,413$8,518$6,921$5,589$4,489$2,639
20 years$9,788$7,916$6,351$5,062$4,010$2,278
21 years$9,224$7,373$5,842$4,594$3,588$1,969
22 years$8,712$6,882$5,384$4,177$3,216$1,703
23 years$8,245$6,437$4,972$3,804$2,887$1,475
24 years$7,818$6,031$4,598$3,469$2,595$1,279
25 years$7,425$5,660$4,259$3,168$2,335$1,109
26 years$7,063$5,319$3,950$2,897$2,103$963
27 years$6,729$5,006$3,668$2,652$1,896$837
28 years$6,419$4,717$3,409$2,429$1,711$727
29 years$6,131$4,450$3,173$2,228$1,545$632
30 years$5,862$4,203$2,955$2,045$1,396$550
31 years$5,612$3,973$2,755$1,878$1,262$478
32 years$5,377$3,759$2,571$1,726$1,142$416
33 years$5,158$3,560$2,400$1,587$1,033$362
34 years$4,951$3,374$2,243$1,460$936$315
35 years$4,757$3,200$2,097$1,344$847$275
36 years$4,574$3,038$1,961$1,238$768$239
37 years$4,401$2,885$1,836$1,141$696$208
38 years$4,238$2,742$1,719$1,051$631$181
39 years$4,084$2,607$1,611$969$572$158
40 years$3,937$2,480$1,510$894$519$138
41 years$3,799$2,361$1,416$825$471$120
42 years$3,667$2,249$1,328$761$427$105
43 years$3,541$2,143$1,246$703$388$91
44 years$3,422$2,042$1,170$649$352$79
45 years$3,308$1,948$1,098$599$319$69
46 years$3,200$1,858$1,031$554$290$60
47 years$3,096$1,773$969$511$263$53
48 years$2,997$1,693$911$473$239$46
49 years$2,902$1,616$856$437$217$40
50 years$2,812$1,544$805$404$197$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,880,000, adding $4,032 every year, while hoping to spend $49,668 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: 38/40/22 Blend
50$2,880,000$2,880,000$2,880,000$2,880,000
51$3,177,919$3,025,279$2,980,639$3,277,627
52$3,449,220$3,120,671$3,027,644$3,445,698
53$3,746,530$3,219,073$3,074,559$3,622,265
54$4,072,448$3,320,580$3,121,329$3,812,086
55$4,429,838$3,425,289$3,167,894$4,016,386
56$4,821,855$3,533,302$3,214,192$4,236,517
57$5,251,974$3,644,723$3,260,157$4,473,960
58$5,724,020$3,759,659$3,305,717$4,730,349
59$6,242,211$3,878,223$3,350,799$5,007,477
60$6,811,188$4,000,528$3,395,323$5,307,321
61$7,436,068$4,126,692$3,439,204$5,632,051
62$8,122,484$4,256,838$3,482,355$5,984,060
63$8,876,646$4,391,090$3,524,682$6,365,978
64$9,705,390$4,529,580$3,566,085$6,780,701
65$10,616,251$4,672,441$3,606,460$7,231,417
66$11,617,528$4,819,810$3,645,697$7,721,633
67$12,718,366$4,971,831$3,683,678$8,255,212
68$13,928,839$5,128,650$3,720,280$8,836,408
69$15,260,045$5,290,419$3,755,375$9,469,901
70$16,724,215$5,457,295$3,788,825$10,160,849
71$18,334,820$5,629,438$3,820,486$10,914,927
72$20,106,707$5,807,015$3,850,207$11,738,389
73$22,056,231$5,990,198$3,877,828$12,638,118
74$24,201,413$6,179,164$3,903,182$13,621,700
75$26,562,110$6,374,096$3,926,092$14,697,484
76$29,160,201$6,575,183$3,946,372$15,874,671
77$32,019,793$6,782,619$3,963,827$17,163,393
78$35,167,449$6,996,604$3,978,253$18,574,812
79$38,632,438$7,217,347$3,989,433$20,121,221
80$42,447,010$7,445,060$3,997,142$21,816,165
81$46,646,701$7,679,964$4,001,142$23,674,563
82$51,270,668$7,922,286$4,001,184$25,712,853
83$56,362,059$8,172,261$3,997,007$27,949,141
84$61,968,418$8,430,131$3,988,336$30,403,377
85$68,142,135$8,696,145$3,974,883$33,097,539
86$74,940,939$8,970,562$3,956,348$36,055,841
87$82,428,442$9,253,647$3,932,413$39,304,962
88$90,674,742$9,545,675$3,902,747$42,874,296
89$99,757,080$9,846,927$3,867,004$46,796,229
90$109,760,572$10,157,696$3,824,818$51,106,443
91$120,779,011$10,478,284$3,775,810$55,844,256
92$132,915,750$10,809,001$3,719,581$61,052,988
93$146,284,682$11,150,167$3,655,712$66,780,371
94$161,011,308$11,502,113$3,583,766$73,079,001
95$177,233,925$11,865,181$3,503,286$80,006,832
96$195,104,933$12,239,722$3,413,794$87,627,720
97$214,792,267$12,626,100$3,314,787$96,012,029
98$236,480,989$13,024,689$3,205,743$105,237,294
99$260,375,027$13,435,876$3,086,112$115,388,951
100$286,699,106$13,860,060$2,955,323$126,561,143