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%19.7%
1 years$220,486$218,522$216,606$214,736$212,910$204,624
2 years$109,152$107,119$105,149$103,238$101,385$93,138
3 years$72,045$70,003$68,038$66,146$64,323$56,373
4 years$53,495$51,460$49,514$47,654$45,876$38,284
5 years$42,368$40,345$38,425$36,603$34,874$27,660
6 years$34,953$32,945$31,053$29,272$27,595$20,763
7 years$29,658$27,667$25,805$24,066$22,442$15,990
8 years$25,689$23,716$21,885$20,188$18,618$12,540
9 years$22,603$20,649$18,850$17,196$15,679$9,966
10 years$20,136$18,201$16,433$14,823$13,359$8,000
11 years$18,119$16,203$14,468$12,901$11,489$6,472
12 years$16,439$14,543$12,840$11,316$9,956$5,268
13 years$15,019$13,143$11,471$9,990$8,682$4,308
14 years$13,803$11,946$10,307$8,868$7,611$3,537
15 years$12,750$10,913$9,306$7,909$6,701$2,913
16 years$11,829$10,013$8,437$7,081$5,922$2,405
17 years$11,018$9,221$7,678$6,362$5,251$1,989
18 years$10,297$8,521$7,009$5,734$4,669$1,649
19 years$9,653$7,897$6,416$5,181$4,162$1,368
20 years$9,074$7,338$5,888$4,692$3,717$1,137
21 years$8,552$6,835$5,416$4,259$3,327$945
22 years$8,077$6,381$4,992$3,872$2,982$787
23 years$7,644$5,968$4,609$3,526$2,677$655
24 years$7,248$5,591$4,263$3,216$2,406$546
25 years$6,884$5,247$3,948$2,937$2,165$455
26 years$6,548$4,931$3,662$2,686$1,950$379
27 years$6,238$4,641$3,400$2,458$1,758$316
28 years$5,951$4,373$3,161$2,252$1,586$264
29 years$5,684$4,126$2,941$2,065$1,432$220
30 years$5,435$3,896$2,740$1,896$1,294$184
31 years$5,203$3,683$2,554$1,741$1,170$154
32 years$4,985$3,485$2,383$1,600$1,059$128
33 years$4,782$3,300$2,225$1,471$958$107
34 years$4,590$3,128$2,079$1,354$867$89
35 years$4,410$2,967$1,944$1,246$786$75
36 years$4,241$2,816$1,818$1,148$712$62
37 years$4,080$2,675$1,702$1,057$645$52
38 years$3,929$2,542$1,594$975$585$43
39 years$3,786$2,417$1,493$899$530$36
40 years$3,650$2,300$1,400$829$481$30
41 years$3,522$2,189$1,312$765$436$25
42 years$3,399$2,085$1,231$706$396$21
43 years$3,283$1,986$1,155$652$359$18
44 years$3,172$1,893$1,084$602$326$15
45 years$3,067$1,806$1,018$556$296$12
46 years$2,966$1,722$956$513$269$10
47 years$2,870$1,644$898$474$244$9
48 years$2,779$1,569$844$438$222$7
49 years$2,691$1,498$794$405$201$6
50 years$2,607$1,431$746$374$183$5

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 $6,704 every year, while hoping to spend $23,230 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: 62/25/13 Blend
50$2,670,000$2,670,000$2,670,000$2,670,000
51$2,949,255$2,807,745$2,766,360$3,122,502
52$3,225,363$2,920,608$2,834,317$3,352,404
53$3,528,855$3,038,223$2,903,771$3,600,000
54$3,862,500$3,160,798$2,974,749$3,869,706
55$4,229,348$3,288,550$3,047,277$4,163,665
56$4,632,760$3,421,708$3,121,380$4,484,237
57$5,076,439$3,560,509$3,197,083$4,834,019
58$5,564,464$3,705,202$3,274,414$5,215,865
59$6,101,330$3,856,048$3,353,397$5,632,919
60$6,691,989$4,013,317$3,434,059$6,088,639
61$7,341,897$4,177,295$3,516,426$6,586,832
62$8,057,067$4,348,279$3,600,522$7,131,686
63$8,844,122$4,526,579$3,686,374$7,727,812
64$9,710,362$4,712,521$3,774,007$8,380,286
65$10,663,829$4,906,444$3,863,446$9,094,696
66$11,713,384$5,108,704$3,954,716$9,877,192
67$12,868,792$5,319,673$4,047,841$10,734,548
68$14,140,811$5,539,740$4,142,847$11,674,218
69$15,541,298$5,769,311$4,239,756$12,704,415
70$17,083,316$6,008,813$4,338,593$13,834,176
71$18,781,258$6,258,689$4,439,380$15,073,458
72$20,650,987$6,519,405$4,542,140$16,433,223
73$22,709,981$6,791,449$4,646,895$17,925,544
74$24,977,499$7,075,330$4,753,666$19,563,715
75$27,474,763$7,371,581$4,862,473$21,362,379
76$30,225,160$7,680,759$4,973,336$23,337,664
77$33,254,457$8,003,448$5,086,275$25,507,331
78$36,591,053$8,340,258$5,201,306$27,890,945
79$40,266,238$8,691,827$5,318,447$30,510,055
80$44,314,493$9,058,825$5,437,714$33,388,398
81$48,773,814$9,441,951$5,559,120$36,552,119
82$53,686,072$9,841,936$5,682,680$40,030,020
83$59,097,407$10,259,546$5,808,405$43,853,828
84$65,058,661$10,695,583$5,936,305$48,058,493
85$71,625,863$11,150,884$6,066,390$52,682,516
86$78,860,753$11,626,330$6,198,666$57,768,312
87$86,831,367$12,122,837$6,333,138$63,362,609
88$95,612,678$12,641,367$6,469,810$69,516,883
89$105,287,305$13,182,928$6,608,682$76,287,848
90$115,946,291$13,748,572$6,749,754$83,737,983
91$127,689,963$14,339,403$6,893,022$91,936,126
92$140,628,881$14,956,575$7,038,479$100,958,116
93$154,884,876$15,601,297$7,186,117$110,887,512
94$170,592,205$16,274,833$7,335,925$121,816,371
95$187,898,818$16,978,508$7,487,886$133,846,126
96$206,967,752$17,713,708$7,641,984$147,088,530
97$227,978,669$18,481,886$7,798,197$161,666,715
98$251,129,556$19,284,562$7,956,499$177,716,349
99$276,638,591$20,123,325$8,116,862$195,386,912
100$304,746,203$20,999,844$8,279,253$214,843,109