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%15.4%
1 years$222,138$220,159$218,229$216,344$214,504$209,745
2 years$109,969$107,921$105,936$104,012$102,145$97,375
3 years$72,585$70,528$68,548$66,641$64,805$60,173
4 years$53,896$51,845$49,885$48,011$46,219$41,761
5 years$42,686$40,647$38,713$36,877$35,135$30,863
6 years$35,215$33,192$31,286$29,491$27,801$23,720
7 years$29,880$27,874$25,999$24,246$22,610$18,720
8 years$25,881$23,893$22,049$20,340$18,757$15,057
9 years$22,773$20,803$18,991$17,325$15,796$12,284
10 years$20,287$18,337$16,557$14,934$13,459$10,130
11 years$18,255$16,325$14,576$12,997$11,575$8,426
12 years$16,562$14,652$12,936$11,400$10,031$7,056
13 years$15,132$13,241$11,557$10,065$8,747$5,941
14 years$13,906$12,036$10,384$8,934$7,668$5,025
15 years$12,845$10,995$9,376$7,968$6,751$4,266
16 years$11,918$10,088$8,500$7,134$5,967$3,632
17 years$11,100$9,290$7,735$6,410$5,291$3,101
18 years$10,374$8,585$7,061$5,777$4,704$2,653
19 years$9,726$7,956$6,464$5,220$4,193$2,274
20 years$9,142$7,393$5,932$4,728$3,745$1,952
21 years$8,616$6,887$5,457$4,291$3,352$1,678
22 years$8,137$6,428$5,029$3,901$3,004$1,444
23 years$7,701$6,012$4,644$3,553$2,697$1,244
24 years$7,302$5,633$4,295$3,240$2,424$1,073
25 years$6,935$5,286$3,978$2,959$2,181$925
26 years$6,597$4,968$3,689$2,706$1,965$799
27 years$6,285$4,676$3,426$2,477$1,771$690
28 years$5,995$4,406$3,185$2,269$1,598$596
29 years$5,726$4,157$2,963$2,081$1,443$515
30 years$5,476$3,925$2,760$1,910$1,304$446
31 years$5,242$3,711$2,573$1,754$1,179$385
32 years$5,023$3,511$2,401$1,612$1,066$333
33 years$4,817$3,325$2,242$1,482$965$289
34 years$4,625$3,152$2,095$1,364$874$250
35 years$4,443$2,989$1,958$1,256$791$216
36 years$4,272$2,837$1,832$1,156$717$187
37 years$4,111$2,695$1,715$1,065$650$162
38 years$3,959$2,561$1,606$982$589$140
39 years$3,814$2,435$1,504$905$534$122
40 years$3,678$2,317$1,410$835$485$105
41 years$3,548$2,205$1,322$771$440$91
42 years$3,425$2,100$1,240$711$399$79
43 years$3,308$2,001$1,164$656$362$68
44 years$3,196$1,908$1,092$606$329$59
45 years$3,090$1,819$1,026$560$298$51
46 years$2,989$1,735$963$517$271$44
47 years$2,892$1,656$905$478$246$39
48 years$2,799$1,581$851$441$223$33
49 years$2,711$1,510$799$408$203$29
50 years$2,626$1,442$752$377$184$25

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 $5,401 every year, while hoping to spend $27,720 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: 55/17/28 Blend
50$2,690,000$2,690,000$2,690,000$2,690,000
51$2,969,951$2,827,381$2,785,686$3,110,005
52$3,243,392$2,936,429$2,849,513$3,316,242
53$3,543,795$3,049,891$2,914,549$3,537,439
54$3,873,881$3,167,954$2,980,805$3,777,802
55$4,236,647$3,290,814$3,048,292$4,039,187
56$4,635,396$3,418,675$3,117,020$4,323,634
57$5,073,765$3,551,749$3,186,999$4,633,388
58$5,555,763$3,690,259$3,258,238$4,970,923
59$6,085,806$3,834,436$3,330,743$5,338,957
60$6,668,759$3,984,524$3,404,524$5,740,486
61$7,309,982$4,140,775$3,479,585$6,178,805
62$8,015,382$4,303,455$3,555,933$6,657,543
63$8,791,466$4,472,839$3,633,572$7,180,694
64$9,645,403$4,649,216$3,712,504$7,752,657
65$10,585,094$4,832,888$3,792,733$8,378,274
66$11,619,243$5,024,169$3,874,259$9,062,877
67$12,757,442$5,223,389$3,957,083$9,812,339
68$14,010,257$5,430,891$4,041,201$10,633,126
69$15,389,333$5,647,035$4,126,611$11,532,358
70$16,907,501$5,872,196$4,213,309$12,517,877
71$18,578,899$6,106,766$4,301,287$13,598,321
72$20,419,104$6,351,155$4,390,538$14,783,202
73$22,445,283$6,605,791$4,481,051$16,082,999
74$24,676,350$6,871,123$4,572,814$17,509,251
75$27,133,147$7,147,618$4,665,814$19,074,671
76$29,838,642$7,435,766$4,760,032$20,793,262
77$32,818,142$7,736,077$4,855,452$22,680,448
78$36,099,534$8,049,085$4,952,050$24,753,221
79$39,713,546$8,375,351$5,049,804$27,030,299
80$43,694,042$8,715,457$5,148,687$29,532,301
81$48,078,334$9,070,014$5,248,667$32,281,944
82$52,907,540$9,439,661$5,349,714$35,304,255
83$58,226,969$9,825,064$5,451,789$38,626,802
84$64,086,551$10,226,923$5,554,855$42,279,962
85$70,541,303$10,645,966$5,658,866$46,297,200
86$77,651,854$11,082,957$5,763,777$50,715,383
87$85,485,015$11,538,693$5,869,535$55,575,135
88$94,114,408$12,014,010$5,976,086$60,921,209
89$103,621,161$12,509,780$6,083,368$66,802,918
90$114,094,676$13,026,916$6,191,317$73,274,590
91$125,633,470$13,566,372$6,299,864$80,396,089
92$138,346,107$14,129,148$6,408,932$88,233,370
93$152,352,221$14,716,287$6,518,443$96,859,108
94$167,783,645$15,328,883$6,628,308$106,353,375
95$184,785,657$15,968,078$6,738,436$116,804,403
96$203,518,348$16,635,068$6,848,728$128,309,408
97$224,158,137$17,331,104$6,959,078$140,975,510
98$246,899,434$18,057,495$7,069,374$154,920,742
99$271,956,474$18,815,609$7,179,495$170,275,161
100$299,565,340$19,606,880$7,289,315$187,182,076