Can I retire at age 51 with 2,690,000?

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 $2,690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$222,138$220,159$218,229$216,344$214,504$208,306
2 years$109,969$107,921$105,936$104,012$102,145$95,949
3 years$72,585$70,528$68,548$66,641$64,805$58,806
4 years$53,896$51,845$49,885$48,011$46,219$40,464
5 years$42,686$40,647$38,713$36,877$35,135$29,638
6 years$35,215$33,192$31,286$29,491$27,801$22,568
7 years$29,880$27,874$25,999$24,246$22,610$17,640
8 years$25,881$23,893$22,049$20,340$18,757$14,048
9 years$22,773$20,803$18,991$17,325$15,796$11,344
10 years$20,287$18,337$16,557$14,934$13,459$9,257
11 years$18,255$16,325$14,576$12,997$11,575$7,616
12 years$16,562$14,652$12,936$11,400$10,031$6,307
13 years$15,132$13,241$11,557$10,065$8,747$5,250
14 years$13,906$12,036$10,384$8,934$7,668$4,389
15 years$12,845$10,995$9,376$7,968$6,751$3,682
16 years$11,918$10,088$8,500$7,134$5,967$3,097
17 years$11,100$9,290$7,735$6,410$5,291$2,612
18 years$10,374$8,585$7,061$5,777$4,704$2,207
19 years$9,726$7,956$6,464$5,220$4,193$1,868
20 years$9,142$7,393$5,932$4,728$3,745$1,583
21 years$8,616$6,887$5,457$4,291$3,352$1,343
22 years$8,137$6,428$5,029$3,901$3,004$1,141
23 years$7,701$6,012$4,644$3,553$2,697$970
24 years$7,302$5,633$4,295$3,240$2,424$825
25 years$6,935$5,286$3,978$2,959$2,181$702
26 years$6,597$4,968$3,689$2,706$1,965$598
27 years$6,285$4,676$3,426$2,477$1,771$509
28 years$5,995$4,406$3,185$2,269$1,598$434
29 years$5,726$4,157$2,963$2,081$1,443$370
30 years$5,476$3,925$2,760$1,910$1,304$315
31 years$5,242$3,711$2,573$1,754$1,179$269
32 years$5,023$3,511$2,401$1,612$1,066$229
33 years$4,817$3,325$2,242$1,482$965$196
34 years$4,625$3,152$2,095$1,364$874$167
35 years$4,443$2,989$1,958$1,256$791$143
36 years$4,272$2,837$1,832$1,156$717$122
37 years$4,111$2,695$1,715$1,065$650$104
38 years$3,959$2,561$1,606$982$589$89
39 years$3,814$2,435$1,504$905$534$76
40 years$3,678$2,317$1,410$835$485$65
41 years$3,548$2,205$1,322$771$440$55
42 years$3,425$2,100$1,240$711$399$47
43 years$3,308$2,001$1,164$656$362$40
44 years$3,196$1,908$1,092$606$329$34
45 years$3,090$1,819$1,026$560$298$29
46 years$2,989$1,735$963$517$271$25
47 years$2,892$1,656$905$478$246$21
48 years$2,799$1,581$851$441$223$18
49 years$2,711$1,510$799$408$203$16
50 years$2,626$1,442$752$377$184$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,690,000, adding $2,077 every year, while hoping to spend $48,683 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: 53/32/15 Blend
50$2,690,000$2,690,000$2,690,000$2,690,000
51$2,966,522$2,823,952$2,782,257$3,111,731
52$3,217,309$2,910,528$2,823,665$3,297,719
53$3,492,045$2,999,714$2,864,828$3,494,622
54$3,793,121$3,091,587$2,905,686$3,707,768
55$4,123,170$3,186,225$2,946,178$3,938,712
56$4,485,093$3,283,710$2,986,235$4,189,165
57$4,882,086$3,384,125$3,025,787$4,461,009
58$5,317,666$3,487,555$3,064,758$4,756,317
59$5,795,710$3,594,088$3,103,070$5,077,371
60$6,320,488$3,703,813$3,140,638$5,426,681
61$6,896,702$3,816,824$3,177,373$5,807,011
62$7,529,532$3,933,215$3,213,182$6,221,404
63$8,224,686$4,053,084$3,247,965$6,673,213
64$8,988,451$4,176,533$3,281,619$7,166,125
65$9,827,753$4,303,662$3,314,033$7,704,205
66$10,750,221$4,434,579$3,345,091$8,291,925
67$11,764,263$4,569,393$3,374,670$8,934,214
68$12,879,139$4,708,214$3,402,643$9,636,499
69$14,105,052$4,851,157$3,428,872$10,404,755
70$15,453,243$4,998,340$3,453,216$11,245,567
71$16,936,099$5,149,884$3,475,523$12,166,185
72$18,567,264$5,305,912$3,495,637$13,174,597
73$20,361,775$5,466,551$3,513,390$14,279,601
74$22,336,196$5,631,932$3,528,609$15,490,890
75$24,508,780$5,802,188$3,541,109$16,819,140
76$26,899,638$5,977,458$3,550,698$18,276,115
77$29,530,928$6,157,881$3,557,174$19,874,771
78$32,427,067$6,343,601$3,560,324$21,629,386
79$35,614,958$6,534,768$3,559,925$23,555,688
80$39,124,245$6,731,532$3,555,743$25,671,005
81$42,987,590$6,934,049$3,547,533$27,994,429
82$47,240,985$7,142,479$3,535,036$30,546,996
83$51,924,090$7,356,984$3,517,984$33,351,881
84$57,080,603$7,577,733$3,496,093$36,434,620
85$62,758,680$7,804,897$3,469,067$39,823,351
86$69,011,379$8,038,651$3,436,595$43,549,075
87$75,897,170$8,279,175$3,398,351$47,645,951
88$83,480,481$8,526,654$3,353,995$52,151,618
89$91,832,306$8,781,277$3,303,170$57,107,550
90$101,030,877$9,043,235$3,245,502$62,559,446
91$111,162,400$9,312,727$3,180,600$68,557,661
92$122,321,869$9,589,955$3,108,055$75,157,683
93$134,613,963$9,875,126$3,027,437$82,420,654
94$148,154,031$10,168,450$2,938,300$90,413,946
95$163,069,183$10,470,145$2,840,174$99,211,799
96$179,499,489$10,780,432$2,732,569$108,896,022
97$197,599,300$11,099,536$2,614,973$119,556,762
98$217,538,703$11,427,688$2,486,850$131,293,354
99$239,505,131$11,765,125$2,347,639$144,215,263
100$263,705,124$12,112,086$2,196,755$158,443,113