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%17.5%
1 years$220,486$218,522$216,606$214,736$212,910$206,425
2 years$109,152$107,119$105,149$103,238$101,385$94,908
3 years$72,045$70,003$68,038$66,146$64,323$58,056
4 years$53,495$51,460$49,514$47,654$45,876$39,867
5 years$42,368$40,345$38,425$36,603$34,874$29,140
6 years$34,953$32,945$31,053$29,272$27,595$22,140
7 years$29,658$27,667$25,805$24,066$22,442$17,266
8 years$25,689$23,716$21,885$20,188$18,618$13,718
9 years$22,603$20,649$18,850$17,196$15,679$11,050
10 years$20,136$18,201$16,433$14,823$13,359$8,995
11 years$18,119$16,203$14,468$12,901$11,489$7,381
12 years$16,439$14,543$12,840$11,316$9,956$6,096
13 years$15,019$13,143$11,471$9,990$8,682$5,061
14 years$13,803$11,946$10,307$8,868$7,611$4,219
15 years$12,750$10,913$9,306$7,909$6,701$3,530
16 years$11,829$10,013$8,437$7,081$5,922$2,961
17 years$11,018$9,221$7,678$6,362$5,251$2,489
18 years$10,297$8,521$7,009$5,734$4,669$2,097
19 years$9,653$7,897$6,416$5,181$4,162$1,769
20 years$9,074$7,338$5,888$4,692$3,717$1,495
21 years$8,552$6,835$5,416$4,259$3,327$1,265
22 years$8,077$6,381$4,992$3,872$2,982$1,071
23 years$7,644$5,968$4,609$3,526$2,677$907
24 years$7,248$5,591$4,263$3,216$2,406$769
25 years$6,884$5,247$3,948$2,937$2,165$653
26 years$6,548$4,931$3,662$2,686$1,950$554
27 years$6,238$4,641$3,400$2,458$1,758$470
28 years$5,951$4,373$3,161$2,252$1,586$399
29 years$5,684$4,126$2,941$2,065$1,432$339
30 years$5,435$3,896$2,740$1,896$1,294$288
31 years$5,203$3,683$2,554$1,741$1,170$245
32 years$4,985$3,485$2,383$1,600$1,059$208
33 years$4,782$3,300$2,225$1,471$958$177
34 years$4,590$3,128$2,079$1,354$867$151
35 years$4,410$2,967$1,944$1,246$786$128
36 years$4,241$2,816$1,818$1,148$712$109
37 years$4,080$2,675$1,702$1,057$645$93
38 years$3,929$2,542$1,594$975$585$79
39 years$3,786$2,417$1,493$899$530$67
40 years$3,650$2,300$1,400$829$481$57
41 years$3,522$2,189$1,312$765$436$49
42 years$3,399$2,085$1,231$706$396$41
43 years$3,283$1,986$1,155$652$359$35
44 years$3,172$1,893$1,084$602$326$30
45 years$3,067$1,806$1,018$556$296$25
46 years$2,966$1,722$956$513$269$22
47 years$2,870$1,644$898$474$244$18
48 years$2,779$1,569$844$438$222$16
49 years$2,691$1,498$794$405$201$13
50 years$2,607$1,431$746$374$183$11

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 $4,102 every year, while hoping to spend $52,916 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: 51/40/9 Blend
50$2,670,000$2,670,000$2,670,000$2,670,000
51$2,946,571$2,805,061$2,763,676$3,089,783
52$3,190,819$2,886,207$2,799,957$3,268,997
53$3,458,207$2,969,555$2,835,680$3,457,702
54$3,751,039$3,055,159$2,870,770$3,661,599
55$4,071,853$3,143,069$2,905,149$3,882,129
56$4,423,443$3,233,341$2,938,733$4,120,877
57$4,808,888$3,326,028$2,971,434$4,379,588
58$5,231,577$3,421,186$3,003,160$4,660,181
59$5,695,245$3,518,871$3,033,812$4,964,771
60$6,204,003$3,619,138$3,063,287$5,295,681
61$6,762,381$3,722,046$3,091,477$5,655,473
62$7,375,369$3,827,652$3,118,267$6,046,963
63$8,048,464$3,936,014$3,143,536$6,473,255
64$8,787,719$4,047,191$3,167,157$6,937,765
65$9,599,806$4,161,242$3,188,996$7,444,253
66$10,492,071$4,278,228$3,208,912$7,996,862
67$11,472,609$4,398,208$3,226,758$8,600,152
68$12,550,339$4,521,244$3,242,378$9,259,147
69$13,735,083$4,647,395$3,255,607$9,979,378
70$15,037,667$4,776,722$3,266,276$10,766,939
71$16,470,015$4,909,288$3,274,202$11,628,540
72$18,045,265$5,045,152$3,279,196$12,571,574
73$19,777,894$5,184,375$3,281,060$13,604,183
74$21,683,848$5,327,019$3,279,585$14,735,338
75$23,780,701$5,473,143$3,274,552$15,974,919
76$26,087,814$5,622,809$3,265,731$17,333,811
77$28,626,519$5,776,074$3,252,881$18,824,008
78$31,420,321$5,932,999$3,235,749$20,458,720
79$34,495,118$6,093,640$3,214,071$22,252,503
80$37,879,448$6,258,056$3,187,570$24,221,393
81$41,604,752$6,426,302$3,155,955$26,383,060
82$45,705,678$6,598,432$3,118,920$28,756,969
83$50,220,402$6,774,500$3,076,149$31,364,569
84$55,190,989$6,954,556$3,027,306$34,229,493
85$60,663,791$7,138,650$2,972,042$37,377,780
86$66,689,884$7,326,830$2,909,991$40,838,121
87$73,325,547$7,519,140$2,840,771$44,642,131
88$80,632,796$7,715,622$2,763,980$48,824,645
89$88,679,969$7,916,314$2,679,201$53,424,046
90$97,542,366$8,121,254$2,585,994$58,482,630
91$107,302,964$8,330,472$2,483,901$64,047,003
92$118,053,198$8,543,997$2,372,444$70,168,521
93$129,893,824$8,761,852$2,251,121$76,903,775
94$142,935,868$8,984,058$2,119,408$84,315,123
95$157,301,677$9,210,627$1,976,758$92,471,282
96$173,126,069$9,441,568$1,822,600$101,447,972
97$190,557,606$9,676,883$1,656,335$111,328,636
98$209,759,999$9,916,568$1,477,340$122,205,222
99$230,913,651$10,160,611$1,284,962$134,179,055
100$254,217,356$10,408,994$1,078,521$147,361,791