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

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$221,312$219,341$217,417$215,540$213,707$212,717
2 years$109,560$107,520$105,542$103,625$101,765$100,766
3 years$72,315$70,265$68,293$66,394$64,564$63,586
4 years$53,696$51,653$49,700$47,833$46,048$45,099
5 years$42,527$40,496$38,569$36,740$35,005$34,088
6 years$35,084$33,068$31,170$29,381$27,698$26,815
7 years$29,769$27,771$25,902$24,156$22,526$21,676
8 years$25,785$23,805$21,967$20,264$18,687$17,871
9 years$22,688$20,726$18,920$17,260$15,737$14,955
10 years$20,212$18,269$16,495$14,879$13,409$12,660
11 years$18,187$16,264$14,522$12,949$11,532$10,815
12 years$16,501$14,598$12,888$11,358$9,994$9,309
13 years$15,075$13,192$11,514$10,027$8,715$8,061
14 years$13,855$11,991$10,346$8,901$7,639$7,017
15 years$12,797$10,954$9,341$7,938$6,726$6,133
16 years$11,873$10,050$8,469$7,108$5,945$5,381
17 years$11,059$9,256$7,706$6,386$5,271$4,736
18 years$10,336$8,553$7,035$5,755$4,687$4,179
19 years$9,689$7,927$6,440$5,200$4,177$3,696
20 years$9,108$7,366$5,910$4,710$3,731$3,275
21 years$8,584$6,861$5,436$4,275$3,339$2,908
22 years$8,107$6,404$5,011$3,887$2,993$2,585
23 years$7,672$5,990$4,626$3,540$2,687$2,302
24 years$7,275$5,612$4,279$3,228$2,415$2,052
25 years$6,909$5,267$3,963$2,948$2,173$1,831
26 years$6,573$4,950$3,675$2,696$1,957$1,635
27 years$6,262$4,658$3,413$2,468$1,765$1,462
28 years$5,973$4,390$3,173$2,261$1,592$1,308
29 years$5,705$4,141$2,952$2,073$1,438$1,171
30 years$5,455$3,911$2,750$1,903$1,299$1,049
31 years$5,222$3,697$2,564$1,747$1,175$940
32 years$5,004$3,498$2,392$1,606$1,062$842
33 years$4,799$3,313$2,234$1,477$962$756
34 years$4,607$3,140$2,087$1,359$871$678
35 years$4,427$2,978$1,951$1,251$789$608
36 years$4,256$2,827$1,825$1,152$714$546
37 years$4,096$2,685$1,708$1,061$648$490
38 years$3,944$2,551$1,600$978$587$441
39 years$3,800$2,426$1,499$902$532$396
40 years$3,664$2,308$1,405$832$483$356
41 years$3,535$2,197$1,317$768$438$320
42 years$3,412$2,093$1,236$708$397$287
43 years$3,295$1,994$1,160$654$361$258
44 years$3,184$1,900$1,088$604$327$232
45 years$3,078$1,812$1,022$558$297$209
46 years$2,977$1,729$960$515$270$188
47 years$2,881$1,650$902$476$245$169
48 years$2,789$1,575$847$440$223$152
49 years$2,701$1,504$797$406$202$137
50 years$2,617$1,437$749$376$184$123

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 $3,643 every year, while hoping to spend $24,179 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: 37/37/26 Blend
50$2,680,000$2,680,000$2,680,000$2,680,000
51$2,957,118$2,815,078$2,773,538$3,043,386
52$3,233,017$2,927,290$2,840,725$3,219,392
53$3,536,249$3,044,191$2,909,353$3,406,898
54$3,869,573$3,165,984$2,979,443$3,608,967
55$4,236,035$3,292,882$3,051,020$3,826,930
56$4,638,987$3,425,109$3,124,105$4,062,247
57$5,082,122$3,562,898$3,198,721$4,316,520
58$5,569,510$3,706,492$3,274,890$4,591,510
59$6,105,636$3,856,146$3,352,635$4,889,149
60$6,695,440$4,012,126$3,431,977$5,211,561
61$7,344,366$4,174,711$3,512,939$5,561,080
62$8,058,410$4,344,191$3,595,542$5,940,271
63$8,844,182$4,520,871$3,679,807$6,351,950
64$9,708,963$4,705,068$3,765,754$6,799,217
65$10,660,776$4,897,115$3,853,406$7,285,477
66$11,708,461$5,097,359$3,942,781$7,814,475
67$12,861,758$5,306,164$4,033,899$8,390,329
68$14,131,402$5,523,911$4,126,779$9,017,569
69$15,529,218$5,750,996$4,221,439$9,701,175
70$17,068,239$5,987,835$4,317,898$10,446,628
71$18,762,824$6,234,863$4,416,171$11,259,955
72$20,628,795$6,492,534$4,516,276$12,147,790
73$22,683,588$6,761,325$4,618,228$13,117,430
74$24,946,416$7,041,732$4,722,041$14,176,906
75$27,438,450$7,334,276$4,827,728$15,335,055
76$30,183,017$7,639,500$4,935,302$16,601,605
77$33,205,823$7,957,975$5,044,773$17,987,260
78$36,535,197$8,290,295$5,156,153$19,503,804
79$40,202,352$8,637,084$5,269,448$21,164,210
80$44,241,684$8,998,994$5,384,667$22,982,757
81$48,691,096$9,376,705$5,501,815$24,975,165
82$53,592,357$9,770,933$5,620,895$27,158,743
83$58,991,492$10,182,423$5,741,909$29,552,548
84$64,939,219$10,611,956$5,864,857$32,177,564
85$71,491,428$11,060,351$5,989,739$35,056,895
86$78,709,707$11,528,461$6,116,548$38,215,984
87$86,661,924$12,017,183$6,245,280$41,682,851
88$95,422,868$12,527,453$6,375,925$45,488,349
89$105,074,954$13,060,251$6,508,471$49,666,462
90$115,708,999$13,616,603$6,642,904$54,254,613
91$127,425,083$14,197,583$6,779,208$59,294,021
92$140,333,491$14,804,314$6,917,361$64,830,085
93$154,555,755$15,437,973$7,057,341$70,912,808
94$170,225,800$16,099,792$7,199,120$77,597,267
95$187,491,208$16,791,058$7,342,667$84,944,131
96$206,514,613$17,513,122$7,487,948$93,020,226
97$227,475,233$18,267,394$7,634,923$101,899,164
98$250,570,565$19,055,354$7,783,551$111,662,034
99$276,018,245$19,878,549$7,933,782$122,398,164
100$304,058,107$20,738,599$8,085,565$134,205,959