Can I retire at age 51 with 2,890,000?

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$238,653$236,528$234,454$232,429$230,453$228,236
2 years$118,145$115,945$113,812$111,745$109,739$107,506
3 years$77,981$75,771$73,644$71,596$69,623$67,443
4 years$57,903$55,700$53,594$51,581$49,656$47,545
5 years$45,859$43,669$41,591$39,619$37,748$35,713
6 years$37,833$35,659$33,612$31,684$29,868$27,912
7 years$32,102$29,947$27,932$26,049$24,291$22,414
8 years$27,805$25,670$23,688$21,852$20,152$18,354
9 years$24,466$22,350$20,403$18,613$16,971$15,252
10 years$21,795$19,701$17,788$16,044$14,460$12,818
11 years$19,612$17,538$15,660$13,964$12,436$10,871
12 years$17,794$15,741$13,898$12,248$10,777$9,286
13 years$16,257$14,226$12,417$10,813$9,398$7,980
14 years$14,940$12,931$11,156$9,599$8,238$6,891
15 years$13,800$11,812$10,073$8,560$7,253$5,976
16 years$12,804$10,838$9,132$7,665$6,410$5,200
17 years$11,925$9,981$8,310$6,887$5,684$4,539
18 years$11,146$9,223$7,586$6,206$5,054$3,971
19 years$10,449$8,548$6,945$5,608$4,505$3,482
20 years$9,822$7,943$6,374$5,079$4,024$3,059
21 years$9,256$7,399$5,862$4,610$3,601$2,692
22 years$8,742$6,906$5,403$4,191$3,228$2,372
23 years$8,274$6,459$4,989$3,817$2,897$2,093
24 years$7,845$6,052$4,614$3,481$2,604$1,849
25 years$7,451$5,679$4,273$3,179$2,343$1,634
26 years$7,088$5,338$3,963$2,907$2,111$1,446
27 years$6,752$5,024$3,680$2,661$1,903$1,281
28 years$6,441$4,734$3,421$2,438$1,717$1,135
29 years$6,152$4,466$3,184$2,236$1,551$1,006
30 years$5,883$4,217$2,966$2,052$1,401$892
31 years$5,631$3,987$2,765$1,884$1,267$792
32 years$5,396$3,772$2,580$1,732$1,146$703
33 years$5,176$3,572$2,409$1,593$1,037$624
34 years$4,968$3,386$2,250$1,465$939$554
35 years$4,774$3,211$2,104$1,349$850$493
36 years$4,590$3,048$1,968$1,242$770$438
37 years$4,417$2,895$1,842$1,145$698$389
38 years$4,253$2,751$1,725$1,055$633$346
39 years$4,098$2,616$1,616$973$574$308
40 years$3,951$2,489$1,515$897$521$274
41 years$3,812$2,369$1,421$828$472$243
42 years$3,679$2,257$1,332$764$429$217
43 years$3,554$2,150$1,250$705$389$193
44 years$3,434$2,049$1,174$651$353$171
45 years$3,320$1,954$1,102$601$321$153
46 years$3,211$1,864$1,035$555$291$136
47 years$3,107$1,779$972$513$264$121
48 years$3,007$1,698$914$474$240$108
49 years$2,913$1,622$859$438$218$96
50 years$2,822$1,549$808$405$198$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,890,000, adding $6,835 every year, while hoping to spend $48,648 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: 54/30/16 Blend
50$2,890,000$2,890,000$2,890,000$2,890,000
51$3,191,830$3,038,660$2,993,865$3,350,197
52$3,465,636$3,135,794$3,042,399$3,556,145
53$3,765,739$3,236,056$3,090,927$3,774,430
54$4,094,771$3,339,549$3,139,400$4,010,942
55$4,455,630$3,446,379$3,187,762$4,267,428
56$4,851,506$3,556,654$3,235,954$4,545,814
57$5,285,916$3,670,486$3,283,915$4,848,215
58$5,762,732$3,787,993$3,331,579$5,176,963
59$6,286,220$3,909,293$3,378,875$5,534,621
60$6,861,077$4,034,511$3,425,730$5,924,014
61$7,492,480$4,163,775$3,472,066$6,348,247
62$8,186,130$4,297,218$3,517,797$6,810,743
63$8,948,310$4,434,976$3,562,838$7,315,269
64$9,785,939$4,577,191$3,607,094$7,865,970
65$10,706,640$4,724,008$3,650,467$8,467,415
66$11,718,812$4,875,580$3,692,853$9,124,630
67$12,831,709$5,032,062$3,734,142$9,843,154
68$14,055,526$5,193,615$3,774,217$10,629,086
69$15,401,493$5,360,406$3,812,958$11,489,140
70$16,881,987$5,532,607$3,850,233$12,430,716
71$18,510,641$5,710,397$3,885,908$13,461,959
72$20,302,480$5,893,959$3,919,839$14,591,845
73$22,274,054$6,083,484$3,951,874$15,830,258
74$24,443,601$6,279,169$3,981,856$17,188,087
75$26,831,216$6,481,216$4,009,616$18,677,326
76$29,459,041$6,689,836$4,034,979$20,311,188
77$32,351,471$6,905,246$4,057,759$22,104,230
78$35,535,389$7,127,671$4,077,761$24,072,487
79$39,040,415$7,357,343$4,094,783$26,233,625
80$42,899,186$7,594,502$4,108,607$28,607,105
81$47,147,667$7,839,396$4,119,009$31,214,372
82$51,825,485$8,092,282$4,125,751$34,079,047
83$56,976,306$8,353,426$4,128,586$37,227,158
84$62,648,246$8,623,101$4,127,250$40,687,383
85$68,894,325$8,901,591$4,121,472$44,491,316
86$75,772,968$9,189,190$4,110,962$48,673,769
87$83,348,551$9,486,201$4,095,420$53,273,098
88$91,692,016$9,792,938$4,074,530$58,331,566
89$100,881,535$10,109,725$4,047,960$63,895,738
90$111,003,249$10,436,899$4,015,363$70,016,925
91$122,152,079$10,774,805$3,976,376$76,751,661
92$134,432,624$11,123,804$3,930,618$84,162,241
93$147,960,147$11,484,266$3,877,689$92,317,309
94$162,861,662$11,856,575$3,817,172$101,292,498
95$179,277,134$12,241,130$3,748,630$111,171,153
96$197,360,797$12,638,341$3,671,604$122,045,109
97$217,282,612$13,048,632$3,585,616$134,015,562
98$239,229,868$13,472,445$3,490,165$147,194,020
99$263,408,955$13,910,235$3,384,725$161,703,358
100$290,047,303$14,362,472$3,268,748$177,678,974