Can I retire at age 51 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$220,486$218,522$216,606$214,736$212,910$211,834
2 years$109,152$107,119$105,149$103,238$101,385$100,300
3 years$72,045$70,003$68,038$66,146$64,323$63,262
4 years$53,495$51,460$49,514$47,654$45,876$44,846
5 years$42,368$40,345$38,425$36,603$34,874$33,879
6 years$34,953$32,945$31,053$29,272$27,595$26,636
7 years$29,658$27,667$25,805$24,066$22,442$21,520
8 years$25,689$23,716$21,885$20,188$18,618$17,732
9 years$22,603$20,649$18,850$17,196$15,679$14,830
10 years$20,136$18,201$16,433$14,823$13,359$12,547
11 years$18,119$16,203$14,468$12,901$11,489$10,712
12 years$16,439$14,543$12,840$11,316$9,956$9,214
13 years$15,019$13,143$11,471$9,990$8,682$7,974
14 years$13,803$11,946$10,307$8,868$7,611$6,936
15 years$12,750$10,913$9,306$7,909$6,701$6,059
16 years$11,829$10,013$8,437$7,081$5,922$5,312
17 years$11,018$9,221$7,678$6,362$5,251$4,672
18 years$10,297$8,521$7,009$5,734$4,669$4,120
19 years$9,653$7,897$6,416$5,181$4,162$3,641
20 years$9,074$7,338$5,888$4,692$3,717$3,224
21 years$8,552$6,835$5,416$4,259$3,327$2,861
22 years$8,077$6,381$4,992$3,872$2,982$2,542
23 years$7,644$5,968$4,609$3,526$2,677$2,261
24 years$7,248$5,591$4,263$3,216$2,406$2,014
25 years$6,884$5,247$3,948$2,937$2,165$1,796
26 years$6,548$4,931$3,662$2,686$1,950$1,603
27 years$6,238$4,641$3,400$2,458$1,758$1,432
28 years$5,951$4,373$3,161$2,252$1,586$1,280
29 years$5,684$4,126$2,941$2,065$1,432$1,145
30 years$5,435$3,896$2,740$1,896$1,294$1,024
31 years$5,203$3,683$2,554$1,741$1,170$917
32 years$4,985$3,485$2,383$1,600$1,059$822
33 years$4,782$3,300$2,225$1,471$958$736
34 years$4,590$3,128$2,079$1,354$867$660
35 years$4,410$2,967$1,944$1,246$786$592
36 years$4,241$2,816$1,818$1,148$712$531
37 years$4,080$2,675$1,702$1,057$645$476
38 years$3,929$2,542$1,594$975$585$428
39 years$3,786$2,417$1,493$899$530$384
40 years$3,650$2,300$1,400$829$481$345
41 years$3,522$2,189$1,312$765$436$309
42 years$3,399$2,085$1,231$706$396$278
43 years$3,283$1,986$1,155$652$359$250
44 years$3,172$1,893$1,084$602$326$224
45 years$3,067$1,806$1,018$556$296$201
46 years$2,966$1,722$956$513$269$181
47 years$2,870$1,644$898$474$244$163
48 years$2,779$1,569$844$438$222$146
49 years$2,691$1,498$794$405$201$131
50 years$2,607$1,431$746$374$183$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,670,000, adding $3,584 every year, while hoping to spend $28,553 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: 51/37/12 Blend
50$2,670,000$2,670,000$2,670,000$2,670,000
51$2,946,037$2,804,527$2,763,142$3,086,663
52$3,216,152$2,911,569$2,825,327$3,290,259
53$3,512,863$3,022,898$2,888,638$3,508,150
54$3,838,851$3,138,696$2,953,083$3,744,372
55$4,197,071$3,259,150$3,018,669$4,000,660
56$4,590,779$3,384,455$3,085,402$4,278,921
57$5,023,563$3,514,817$3,153,287$4,581,251
58$5,499,373$3,650,450$3,222,328$4,909,954
59$6,022,562$3,791,575$3,292,530$5,267,564
60$6,597,928$3,938,427$3,363,894$5,656,867
61$7,230,755$4,091,248$3,436,423$6,080,929
62$7,926,865$4,250,293$3,510,116$6,543,120
63$8,692,674$4,415,825$3,584,973$7,047,148
64$9,535,248$4,588,123$3,660,992$7,597,094
65$10,462,377$4,767,474$3,738,169$8,197,445
66$11,482,641$4,954,182$3,816,499$8,853,141
67$12,605,495$5,148,561$3,895,976$9,569,618
68$13,841,356$5,350,941$3,976,591$10,352,857
69$15,201,702$5,561,665$4,058,335$11,209,442
70$16,699,183$5,781,094$4,141,197$12,146,620
71$18,347,734$6,009,602$4,225,161$13,172,367
72$20,162,713$6,247,583$4,310,214$14,295,465
73$22,161,040$6,495,444$4,396,336$15,525,580
74$24,361,360$6,753,616$4,483,508$16,873,355
75$26,784,220$7,022,544$4,571,707$18,350,509
76$29,452,259$7,302,697$4,660,908$19,969,944
77$32,390,423$7,594,563$4,751,082$21,745,865
78$35,626,203$7,898,653$4,842,199$23,693,919
79$39,189,888$8,215,499$4,934,225$25,831,331
80$43,114,858$8,545,660$5,027,123$28,177,073
81$47,437,895$8,889,719$5,120,853$30,752,039
82$52,199,529$9,248,284$5,215,370$33,579,239
83$57,444,423$9,621,992$5,310,628$36,684,016
84$63,221,793$10,011,509$5,406,573$40,094,281
85$69,585,873$10,417,530$5,503,151$43,840,780
86$76,596,427$10,840,784$5,600,301$47,957,375
87$84,319,310$11,282,029$5,697,958$52,481,365
88$92,827,094$11,742,063$5,796,054$57,453,839
89$102,199,748$12,221,715$5,894,513$62,920,053
90$112,525,399$12,721,856$5,993,255$68,929,865
91$123,901,156$13,243,393$6,092,196$75,538,193
92$136,434,033$13,787,278$6,191,243$82,805,541
93$150,241,955$14,354,505$6,290,300$90,798,557
94$165,454,871$14,946,113$6,389,262$99,590,667
95$182,215,984$15,563,189$6,488,019$109,262,763
96$200,683,100$16,206,870$6,586,453$119,903,960
97$221,030,115$16,878,346$6,684,438$131,612,440
98$243,448,663$17,578,860$6,781,842$144,496,369
99$268,149,916$18,309,714$6,878,524$158,674,920
100$295,366,586$19,072,269$6,974,333$174,279,390