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%16.4%
1 years$221,312$219,341$217,417$215,540$213,707$208,119
2 years$109,560$107,520$105,542$103,625$101,765$96,173
3 years$72,315$70,265$68,293$66,394$64,564$59,143
4 years$53,696$51,653$49,700$47,833$46,048$40,840
5 years$42,527$40,496$38,569$36,740$35,005$30,024
6 years$35,084$33,068$31,170$29,381$27,698$22,950
7 years$29,769$27,771$25,902$24,156$22,526$18,010
8 years$25,785$23,805$21,967$20,264$18,687$14,402
9 years$22,688$20,726$18,920$17,260$15,737$11,678
10 years$20,212$18,269$16,495$14,879$13,409$9,572
11 years$18,187$16,264$14,522$12,949$11,532$7,910
12 years$16,501$14,598$12,888$11,358$9,994$6,581
13 years$15,075$13,192$11,514$10,027$8,715$5,504
14 years$13,855$11,991$10,346$8,901$7,639$4,624
15 years$12,797$10,954$9,341$7,938$6,726$3,898
16 years$11,873$10,050$8,469$7,108$5,945$3,296
17 years$11,059$9,256$7,706$6,386$5,271$2,793
18 years$10,336$8,553$7,035$5,755$4,687$2,372
19 years$9,689$7,927$6,440$5,200$4,177$2,018
20 years$9,108$7,366$5,910$4,710$3,731$1,720
21 years$8,584$6,861$5,436$4,275$3,339$1,467
22 years$8,107$6,404$5,011$3,887$2,993$1,253
23 years$7,672$5,990$4,626$3,540$2,687$1,071
24 years$7,275$5,612$4,279$3,228$2,415$916
25 years$6,909$5,267$3,963$2,948$2,173$784
26 years$6,573$4,950$3,675$2,696$1,957$671
27 years$6,262$4,658$3,413$2,468$1,765$575
28 years$5,973$4,390$3,173$2,261$1,592$493
29 years$5,705$4,141$2,952$2,073$1,438$423
30 years$5,455$3,911$2,750$1,903$1,299$362
31 years$5,222$3,697$2,564$1,747$1,175$311
32 years$5,004$3,498$2,392$1,606$1,062$267
33 years$4,799$3,313$2,234$1,477$962$229
34 years$4,607$3,140$2,087$1,359$871$196
35 years$4,427$2,978$1,951$1,251$789$169
36 years$4,256$2,827$1,825$1,152$714$145
37 years$4,096$2,685$1,708$1,061$648$124
38 years$3,944$2,551$1,600$978$587$107
39 years$3,800$2,426$1,499$902$532$92
40 years$3,664$2,308$1,405$832$483$79
41 years$3,535$2,197$1,317$768$438$68
42 years$3,412$2,093$1,236$708$397$58
43 years$3,295$1,994$1,160$654$361$50
44 years$3,184$1,900$1,088$604$327$43
45 years$3,078$1,812$1,022$558$297$37
46 years$2,977$1,729$960$515$270$32
47 years$2,881$1,650$902$476$245$27
48 years$2,789$1,575$847$440$223$23
49 years$2,701$1,504$797$406$202$20
50 years$2,617$1,437$749$376$184$17

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 $4,305 every year, while hoping to spend $22,509 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: 73/15/12 Blend
50$2,680,000$2,680,000$2,680,000$2,680,000
51$2,957,801$2,815,761$2,774,221$3,166,170
52$3,235,547$2,929,783$2,843,208$3,418,540
53$3,540,869$3,048,639$2,913,751$3,691,674
54$3,876,555$3,172,540$2,985,880$3,990,229
55$4,245,679$3,301,710$3,059,622$4,316,714
56$4,651,626$3,436,381$3,135,007$4,673,892
57$5,098,125$3,576,797$3,212,063$5,064,807
58$5,589,287$3,723,213$3,290,820$5,492,808
59$6,129,637$3,875,894$3,371,306$5,961,583
60$6,724,167$4,035,119$3,453,551$6,475,193
61$7,378,371$4,201,179$3,537,584$7,038,109
62$8,098,307$4,374,379$3,623,435$7,655,254
63$8,890,648$4,555,038$3,711,134$8,332,052
64$9,762,747$4,743,487$3,800,709$9,074,473
65$10,722,705$4,940,075$3,892,191$9,889,094
66$11,779,449$5,145,168$3,985,608$10,783,156
67$12,942,817$5,359,145$4,080,990$11,764,638
68$14,223,648$5,582,406$4,178,366$12,842,324
69$15,633,883$5,815,368$4,277,765$14,025,893
70$17,186,685$6,058,467$4,379,216$15,326,003
71$18,896,554$6,312,159$4,482,747$16,754,396
72$20,779,470$6,576,922$4,588,386$18,324,005
73$22,853,040$6,853,255$4,696,162$20,049,077
74$25,136,668$7,141,682$4,806,101$21,945,307
75$27,651,733$7,442,750$4,918,230$24,029,984
76$30,421,795$7,757,030$5,032,576$26,322,153
77$33,472,816$8,085,122$5,149,165$28,842,798
78$36,833,402$8,427,652$5,268,021$31,615,034
79$40,535,079$8,785,276$5,389,169$34,664,327
80$44,612,584$9,158,682$5,512,633$38,018,733
81$49,104,196$9,548,586$5,638,435$41,709,163
82$54,052,098$9,955,741$5,766,597$45,769,672
83$59,502,774$10,380,934$5,897,140$50,237,781
84$65,507,445$10,824,988$6,030,082$55,154,828
85$72,122,558$11,288,766$6,165,443$60,566,359
86$79,410,313$11,773,169$6,303,240$66,522,557
87$87,439,253$12,279,143$6,443,486$73,078,712
88$96,284,911$12,807,675$6,586,198$80,295,746
89$106,030,523$13,359,802$6,731,386$88,240,782
90$116,767,810$13,936,606$6,879,061$96,987,778
91$128,597,849$14,539,222$7,029,232$106,618,228
92$141,632,023$15,168,838$7,181,905$117,221,921
93$155,993,075$15,826,696$7,337,084$128,897,796
94$171,816,263$16,514,099$7,494,771$141,754,868
95$189,250,641$17,232,409$7,654,965$155,913,259
96$208,460,463$17,983,053$7,817,663$171,505,330
97$229,626,734$18,767,527$7,982,858$188,676,926
98$252,948,919$19,587,393$8,150,542$207,588,754
99$278,646,824$20,444,291$8,320,701$228,417,897
100$306,962,675$21,339,936$8,493,319$251,359,483