Can I retire at age 51 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$219,660$217,704$215,795$213,932$212,112$204,019
2 years$108,743$106,717$104,755$102,852$101,006$92,947
3 years$71,775$69,741$67,783$65,898$64,082$56,312
4 years$53,295$51,267$49,329$47,476$45,704$38,281
5 years$42,210$40,194$38,281$36,466$34,743$27,687
6 years$34,822$32,821$30,937$29,162$27,491$20,806
7 years$29,547$27,563$25,709$23,976$22,358$16,042
8 years$25,593$23,627$21,803$20,113$18,548$12,595
9 years$22,519$20,571$18,779$17,132$15,620$10,022
10 years$20,061$18,133$16,372$14,768$13,309$8,056
11 years$18,051$16,143$14,414$12,852$11,446$6,526
12 years$16,378$14,489$12,792$11,273$9,919$5,318
13 years$14,963$13,094$11,429$9,952$8,650$4,356
14 years$13,751$11,902$10,269$8,835$7,582$3,581
15 years$12,702$10,872$9,271$7,879$6,676$2,953
16 years$11,785$9,975$8,406$7,055$5,900$2,442
17 years$10,976$9,187$7,649$6,339$5,232$2,023
18 years$10,259$8,489$6,982$5,712$4,652$1,679
19 years$9,617$7,868$6,392$5,162$4,146$1,395
20 years$9,040$7,311$5,866$4,675$3,703$1,161
21 years$8,519$6,810$5,396$4,243$3,314$967
22 years$8,046$6,357$4,973$3,858$2,971$806
23 years$7,615$5,945$4,592$3,513$2,667$672
24 years$7,220$5,570$4,247$3,204$2,397$561
25 years$6,858$5,227$3,933$2,926$2,157$468
26 years$6,524$4,913$3,648$2,676$1,943$391
27 years$6,215$4,624$3,387$2,449$1,752$327
28 years$5,929$4,357$3,149$2,244$1,580$273
29 years$5,662$4,110$2,930$2,058$1,427$228
30 years$5,415$3,882$2,730$1,888$1,289$191
31 years$5,183$3,669$2,545$1,734$1,166$160
32 years$4,967$3,472$2,374$1,594$1,055$133
33 years$4,764$3,288$2,217$1,466$954$112
34 years$4,573$3,116$2,071$1,349$864$93
35 years$4,394$2,956$1,937$1,242$783$78
36 years$4,225$2,806$1,812$1,143$709$65
37 years$4,065$2,665$1,696$1,053$643$55
38 years$3,914$2,532$1,588$971$583$46
39 years$3,772$2,408$1,488$895$528$38
40 years$3,637$2,291$1,394$826$479$32
41 years$3,508$2,181$1,307$762$435$27
42 years$3,387$2,077$1,226$703$395$22
43 years$3,271$1,979$1,151$649$358$19
44 years$3,160$1,886$1,080$599$325$16
45 years$3,055$1,799$1,014$554$295$13
46 years$2,955$1,716$953$511$268$11
47 years$2,860$1,638$895$472$243$9
48 years$2,768$1,563$841$436$221$8
49 years$2,681$1,493$791$403$201$6
50 years$2,597$1,426$743$373$182$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,660,000, adding $5,235 every year, while hoping to spend $36,721 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: 43/48/9 Blend
50$2,660,000$2,660,000$2,660,000$2,660,000
51$2,936,720$2,795,740$2,754,510$3,055,136
52$3,197,194$2,893,660$2,807,715$3,235,948
53$3,483,007$2,995,148$2,861,472$3,427,571
54$3,796,702$3,100,339$2,915,760$3,634,324
55$4,141,085$3,209,375$2,970,558$3,857,604
56$4,519,245$3,322,403$3,025,840$4,098,948
57$4,934,583$3,439,576$3,081,581$4,360,042
58$5,390,849$3,561,054$3,137,752$4,642,740
59$5,892,171$3,687,001$3,194,323$4,949,080
60$6,443,099$3,817,591$3,251,259$5,281,301
61$7,048,645$3,953,002$3,308,526$5,641,865
62$7,714,329$4,093,422$3,366,084$6,033,478
63$8,446,234$4,239,044$3,423,891$6,459,118
64$9,251,063$4,390,070$3,481,905$6,922,057
65$10,136,199$4,546,710$3,540,076$7,425,895
66$11,109,777$4,709,185$3,598,354$7,974,594
67$12,180,760$4,877,720$3,656,684$8,572,510
68$13,359,023$5,052,554$3,715,009$9,224,438
69$14,655,447$5,233,934$3,773,266$9,935,651
70$16,082,022$5,422,116$3,831,389$10,711,954
71$17,651,957$5,617,367$3,889,309$11,559,735
72$19,379,806$5,819,968$3,946,951$12,486,025
73$21,281,607$6,030,208$4,004,235$13,498,562
74$23,375,032$6,248,389$4,061,077$14,605,864
75$25,679,551$6,474,825$4,117,389$15,817,308
76$28,216,619$6,709,846$4,173,076$17,143,217
77$31,009,877$6,953,791$4,228,037$18,594,957
78$34,085,376$7,207,018$4,282,167$20,185,040
79$37,471,819$7,469,897$4,335,354$21,927,245
80$41,200,835$7,742,812$4,387,480$23,836,744
81$45,307,278$8,026,168$4,438,418$25,930,244
82$49,829,554$8,320,383$4,488,038$28,226,140
83$54,809,980$8,625,894$4,536,200$30,744,696
84$60,295,191$8,943,156$4,582,755$33,508,223
85$66,336,574$9,272,644$4,627,551$36,541,296
86$72,990,752$9,614,852$4,670,422$39,870,982
87$80,320,124$9,970,295$4,711,196$43,527,092
88$88,393,448$10,339,510$4,749,692$47,542,462
89$97,286,492$10,723,059$4,785,719$51,953,260
90$107,082,750$11,121,524$4,819,076$56,799,325
91$117,874,226$11,535,514$4,849,551$62,124,543
92$129,762,307$11,965,664$4,876,921$67,977,255
93$142,858,717$12,412,637$4,900,953$74,410,714
94$157,286,572$12,877,122$4,921,400$81,483,586
95$173,181,540$13,359,839$4,938,005$89,260,496
96$190,693,125$13,861,538$4,950,496$97,812,642
97$209,986,074$14,383,004$4,958,588$107,218,459
98$231,241,935$14,925,053$4,961,982$117,564,359
99$254,660,768$15,488,536$4,960,364$128,945,543
100$280,463,035$16,074,343$4,953,405$141,466,895