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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.4%
1 years$220,486$218,522$216,606$214,736$212,910$206,508
2 years$109,152$107,119$105,149$103,238$101,385$94,990
3 years$72,045$70,003$68,038$66,146$64,323$58,134
4 years$53,495$51,460$49,514$47,654$45,876$39,941
5 years$42,368$40,345$38,425$36,603$34,874$29,209
6 years$34,953$32,945$31,053$29,272$27,595$22,205
7 years$29,658$27,667$25,805$24,066$22,442$17,327
8 years$25,689$23,716$21,885$20,188$18,618$13,774
9 years$22,603$20,649$18,850$17,196$15,679$11,102
10 years$20,136$18,201$16,433$14,823$13,359$9,043
11 years$18,119$16,203$14,468$12,901$11,489$7,425
12 years$16,439$14,543$12,840$11,316$9,956$6,137
13 years$15,019$13,143$11,471$9,990$8,682$5,098
14 years$13,803$11,946$10,307$8,868$7,611$4,253
15 years$12,750$10,913$9,306$7,909$6,701$3,560
16 years$11,829$10,013$8,437$7,081$5,922$2,989
17 years$11,018$9,221$7,678$6,362$5,251$2,515
18 years$10,297$8,521$7,009$5,734$4,669$2,120
19 years$9,653$7,897$6,416$5,181$4,162$1,790
20 years$9,074$7,338$5,888$4,692$3,717$1,514
21 years$8,552$6,835$5,416$4,259$3,327$1,281
22 years$8,077$6,381$4,992$3,872$2,982$1,086
23 years$7,644$5,968$4,609$3,526$2,677$921
24 years$7,248$5,591$4,263$3,216$2,406$781
25 years$6,884$5,247$3,948$2,937$2,165$663
26 years$6,548$4,931$3,662$2,686$1,950$563
27 years$6,238$4,641$3,400$2,458$1,758$479
28 years$5,951$4,373$3,161$2,252$1,586$407
29 years$5,684$4,126$2,941$2,065$1,432$346
30 years$5,435$3,896$2,740$1,896$1,294$294
31 years$5,203$3,683$2,554$1,741$1,170$250
32 years$4,985$3,485$2,383$1,600$1,059$213
33 years$4,782$3,300$2,225$1,471$958$181
34 years$4,590$3,128$2,079$1,354$867$154
35 years$4,410$2,967$1,944$1,246$786$131
36 years$4,241$2,816$1,818$1,148$712$112
37 years$4,080$2,675$1,702$1,057$645$95
38 years$3,929$2,542$1,594$975$585$81
39 years$3,786$2,417$1,493$899$530$69
40 years$3,650$2,300$1,400$829$481$59
41 years$3,522$2,189$1,312$765$436$50
42 years$3,399$2,085$1,231$706$396$43
43 years$3,283$1,986$1,155$652$359$36
44 years$3,172$1,893$1,084$602$326$31
45 years$3,067$1,806$1,018$556$296$26
46 years$2,966$1,722$956$513$269$22
47 years$2,870$1,644$898$474$244$19
48 years$2,779$1,569$844$438$222$16
49 years$2,691$1,498$794$405$201$14
50 years$2,607$1,431$746$374$183$12

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 $4,418 every year, while hoping to spend $22,945 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: 34/38/28 Blend
50$2,670,000$2,670,000$2,670,000$2,670,000
51$2,946,897$2,805,387$2,764,002$3,021,988
52$3,223,067$2,918,438$2,832,183$3,192,074
53$3,526,638$3,036,259$2,901,879$3,372,998
54$3,860,379$3,159,060$2,973,116$3,567,660
55$4,227,344$3,287,060$3,045,922$3,777,298
56$4,630,896$3,420,488$3,120,322$4,003,270
57$5,074,739$3,559,584$3,196,345$4,247,070
58$5,562,956$3,704,597$3,274,016$4,510,333
59$6,100,044$3,855,790$3,353,363$4,794,857
60$6,690,961$4,013,435$3,434,412$5,102,616
61$7,341,165$4,177,820$3,517,191$5,435,778
62$8,056,673$4,349,243$3,601,727$5,796,724
63$8,844,115$4,528,016$3,688,045$6,188,070
64$9,710,794$4,714,468$3,776,174$6,612,691
65$10,664,758$4,908,941$3,866,140$7,073,747
66$11,714,876$5,111,792$3,957,968$7,574,711
67$12,870,919$5,323,395$4,051,685$8,119,401
68$14,143,654$5,544,142$4,147,318$8,712,015
69$15,544,945$5,774,443$4,244,891$9,357,167
70$17,087,864$6,014,726$4,344,430$10,059,936
71$18,786,817$6,265,438$4,445,959$10,825,904
72$20,657,677$6,527,049$4,549,503$11,661,211
73$22,717,935$6,800,049$4,655,086$12,572,615
74$24,986,864$7,084,952$4,762,731$13,567,548
75$27,485,702$7,382,293$4,872,461$14,654,188
76$30,237,853$7,692,634$4,984,297$15,841,533
77$33,269,104$8,016,563$5,098,261$17,139,488
78$36,607,872$8,354,695$5,214,373$18,558,949
79$40,285,473$8,707,673$5,332,653$20,111,912
80$44,336,413$9,076,170$5,453,118$21,811,580
81$48,798,715$9,460,891$5,575,786$23,672,485
82$53,714,283$9,862,572$5,700,673$25,710,627
83$59,129,288$10,281,987$5,827,794$27,943,616
84$65,094,612$10,719,941$5,957,162$30,390,844
85$71,666,325$11,177,280$6,088,789$33,073,658
86$78,906,212$11,654,889$6,222,685$36,015,565
87$86,882,360$12,153,694$6,358,860$39,242,446
88$95,669,799$12,674,662$6,497,320$42,782,802
89$105,351,207$13,218,810$6,638,069$46,668,017
90$116,017,697$13,787,198$6,781,111$50,932,654
91$127,769,669$14,380,938$6,926,445$55,614,773
92$140,717,765$15,001,193$7,074,071$60,756,293
93$154,983,908$15,649,183$7,223,983$66,403,381
94$170,702,454$16,326,181$7,376,174$72,606,884
95$188,021,464$17,033,522$7,530,635$79,422,807
96$207,104,094$17,772,606$7,687,352$86,912,834
97$228,130,142$18,544,894$7,846,309$95,144,910
98$251,297,742$19,351,920$8,007,486$104,193,879
99$276,825,235$20,195,287$8,170,860$114,142,181
100$304,953,228$21,076,675$8,336,403$125,080,629