Can I retire at age 51 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$221,312$219,341$217,417$215,540$213,707$211,651
2 years$109,560$107,520$105,542$103,625$101,765$99,694
3 years$72,315$70,265$68,293$66,394$64,564$62,542
4 years$53,696$51,653$49,700$47,833$46,048$44,091
5 years$42,527$40,496$38,569$36,740$35,005$33,118
6 years$35,084$33,068$31,170$29,381$27,698$25,884
7 years$29,769$27,771$25,902$24,156$22,526$20,785
8 years$25,785$23,805$21,967$20,264$18,687$17,020
9 years$22,688$20,726$18,920$17,260$15,737$14,143
10 years$20,212$18,269$16,495$14,879$13,409$11,887
11 years$18,187$16,264$14,522$12,949$11,532$10,081
12 years$16,501$14,598$12,888$11,358$9,994$8,611
13 years$15,075$13,192$11,514$10,027$8,715$7,400
14 years$13,855$11,991$10,346$8,901$7,639$6,391
15 years$12,797$10,954$9,341$7,938$6,726$5,542
16 years$11,873$10,050$8,469$7,108$5,945$4,822
17 years$11,059$9,256$7,706$6,386$5,271$4,209
18 years$10,336$8,553$7,035$5,755$4,687$3,683
19 years$9,689$7,927$6,440$5,200$4,177$3,229
20 years$9,108$7,366$5,910$4,710$3,731$2,837
21 years$8,584$6,861$5,436$4,275$3,339$2,496
22 years$8,107$6,404$5,011$3,887$2,993$2,200
23 years$7,672$5,990$4,626$3,540$2,687$1,941
24 years$7,275$5,612$4,279$3,228$2,415$1,714
25 years$6,909$5,267$3,963$2,948$2,173$1,516
26 years$6,573$4,950$3,675$2,696$1,957$1,341
27 years$6,262$4,658$3,413$2,468$1,765$1,188
28 years$5,973$4,390$3,173$2,261$1,592$1,052
29 years$5,705$4,141$2,952$2,073$1,438$933
30 years$5,455$3,911$2,750$1,903$1,299$827
31 years$5,222$3,697$2,564$1,747$1,175$734
32 years$5,004$3,498$2,392$1,606$1,062$652
33 years$4,799$3,313$2,234$1,477$962$579
34 years$4,607$3,140$2,087$1,359$871$514
35 years$4,427$2,978$1,951$1,251$789$457
36 years$4,256$2,827$1,825$1,152$714$406
37 years$4,096$2,685$1,708$1,061$648$361
38 years$3,944$2,551$1,600$978$587$321
39 years$3,800$2,426$1,499$902$532$285
40 years$3,664$2,308$1,405$832$483$254
41 years$3,535$2,197$1,317$768$438$226
42 years$3,412$2,093$1,236$708$397$201
43 years$3,295$1,994$1,160$654$361$179
44 years$3,184$1,900$1,088$604$327$159
45 years$3,078$1,812$1,022$558$297$142
46 years$2,977$1,729$960$515$270$126
47 years$2,881$1,650$902$476$245$112
48 years$2,789$1,575$847$440$223$100
49 years$2,701$1,504$797$406$202$89
50 years$2,617$1,437$749$376$184$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,680,000, adding $3,288 every year, while hoping to spend $34,535 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: 36/50/14 Blend
50$2,680,000$2,680,000$2,680,000$2,680,000
51$2,956,752$2,814,712$2,773,172$3,050,345
52$3,221,595$2,915,887$2,829,328$3,219,252
53$3,512,296$3,020,864$2,886,208$3,397,944
54$3,831,453$3,129,789$2,943,799$3,590,104
55$4,181,934$3,242,821$3,002,089$3,796,947
56$4,566,893$3,360,121$3,061,061$4,019,808
57$4,989,807$3,481,859$3,120,698$4,260,153
58$5,454,507$3,608,209$3,180,981$4,519,591
59$5,965,213$3,739,357$3,241,889$4,799,890
60$6,526,572$3,875,493$3,303,400$5,102,991
61$7,143,706$4,016,817$3,365,488$5,431,026
62$7,822,258$4,163,535$3,428,126$5,786,338
63$8,568,444$4,315,863$3,491,284$6,171,504
64$9,389,113$4,474,028$3,554,929$6,589,353
65$10,291,811$4,638,264$3,619,027$7,042,998
66$11,284,851$4,808,815$3,683,541$7,535,860
67$12,377,395$4,985,936$3,748,429$8,071,700
68$13,579,536$5,169,893$3,813,647$8,654,657
69$14,902,393$5,360,962$3,879,149$9,289,279
70$16,358,221$5,559,433$3,944,884$9,980,574
71$17,960,521$5,765,607$4,010,799$10,734,047
72$19,724,169$5,979,796$4,076,835$11,555,756
73$21,665,556$6,202,328$4,142,932$12,452,366
74$23,802,745$6,433,545$4,209,022$13,431,214
75$26,155,637$6,673,800$4,275,037$14,500,370
76$28,746,162$6,923,467$4,340,901$15,668,719
77$31,598,484$7,182,930$4,406,534$16,946,038
78$34,739,230$7,452,594$4,471,854$18,343,090
79$38,197,740$7,732,879$4,536,769$19,871,723
80$42,006,343$8,024,224$4,601,184$21,544,979
81$46,200,665$8,327,087$4,664,999$23,377,217
82$50,819,964$8,641,944$4,728,107$25,384,246
83$55,907,495$8,969,295$4,790,394$27,583,473
84$61,510,928$9,309,658$4,851,740$29,994,063
85$67,682,788$9,663,577$4,912,019$32,637,121
86$74,480,957$10,031,617$4,971,096$35,535,888
87$81,969,216$10,414,368$5,028,830$38,715,956
88$90,217,851$10,812,447$5,085,071$42,205,510
89$99,304,312$11,226,497$5,139,660$46,035,591
90$109,313,945$11,657,188$5,192,432$50,240,386
91$120,340,799$12,105,222$5,243,211$54,857,549
92$132,488,513$12,571,330$5,291,810$59,928,551
93$145,871,291$13,056,276$5,338,036$65,499,073
94$160,614,985$13,560,855$5,381,682$71,619,431
95$176,858,278$14,085,901$5,422,533$78,345,048
96$194,753,994$14,632,282$5,460,359$85,736,976
97$214,470,542$15,200,905$5,494,923$93,862,467
98$236,193,505$15,792,718$5,525,970$102,795,607
99$260,127,390$16,408,708$5,553,238$112,618,008
100$286,497,559$17,049,910$5,576,446$123,419,577