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%16.6%
1 years$222,138$220,159$218,229$216,344$214,504$208,726
2 years$109,969$107,921$105,936$104,012$102,145$96,365
3 years$72,585$70,528$68,548$66,641$64,805$59,204
4 years$53,896$51,845$49,885$48,011$46,219$40,840
5 years$42,686$40,647$38,713$36,877$35,135$29,993
6 years$35,215$33,192$31,286$29,491$27,801$22,901
7 years$29,880$27,874$25,999$24,246$22,610$17,951
8 years$25,881$23,893$22,049$20,340$18,757$14,338
9 years$22,773$20,803$18,991$17,325$15,796$11,613
10 years$20,287$18,337$16,557$14,934$13,459$9,506
11 years$18,255$16,325$14,576$12,997$11,575$7,846
12 years$16,562$14,652$12,936$11,400$10,031$6,519
13 years$15,132$13,241$11,557$10,065$8,747$5,445
14 years$13,906$12,036$10,384$8,934$7,668$4,568
15 years$12,845$10,995$9,376$7,968$6,751$3,845
16 years$11,918$10,088$8,500$7,134$5,967$3,246
17 years$11,100$9,290$7,735$6,410$5,291$2,748
18 years$10,374$8,585$7,061$5,777$4,704$2,330
19 years$9,726$7,956$6,464$5,220$4,193$1,979
20 years$9,142$7,393$5,932$4,728$3,745$1,684
21 years$8,616$6,887$5,457$4,291$3,352$1,434
22 years$8,137$6,428$5,029$3,901$3,004$1,223
23 years$7,701$6,012$4,644$3,553$2,697$1,044
24 years$7,302$5,633$4,295$3,240$2,424$891
25 years$6,935$5,286$3,978$2,959$2,181$761
26 years$6,597$4,968$3,689$2,706$1,965$651
27 years$6,285$4,676$3,426$2,477$1,771$557
28 years$5,995$4,406$3,185$2,269$1,598$476
29 years$5,726$4,157$2,963$2,081$1,443$408
30 years$5,476$3,925$2,760$1,910$1,304$349
31 years$5,242$3,711$2,573$1,754$1,179$299
32 years$5,023$3,511$2,401$1,612$1,066$256
33 years$4,817$3,325$2,242$1,482$965$219
34 years$4,625$3,152$2,095$1,364$874$188
35 years$4,443$2,989$1,958$1,256$791$161
36 years$4,272$2,837$1,832$1,156$717$138
37 years$4,111$2,695$1,715$1,065$650$118
38 years$3,959$2,561$1,606$982$589$101
39 years$3,814$2,435$1,504$905$534$87
40 years$3,678$2,317$1,410$835$485$75
41 years$3,548$2,205$1,322$771$440$64
42 years$3,425$2,100$1,240$711$399$55
43 years$3,308$2,001$1,164$656$362$47
44 years$3,196$1,908$1,092$606$329$40
45 years$3,090$1,819$1,026$560$298$35
46 years$2,989$1,735$963$517$271$30
47 years$2,892$1,656$905$478$246$25
48 years$2,799$1,581$851$441$223$22
49 years$2,711$1,510$799$408$203$19
50 years$2,626$1,442$752$377$184$16

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 $3,346 every year, while hoping to spend $34,776 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: 35/39/26 Blend
50$2,690,000$2,690,000$2,690,000$2,690,000
51$2,967,831$2,825,261$2,783,566$3,048,288
52$3,233,549$2,926,698$2,839,814$3,209,958
53$3,525,204$3,031,939$2,896,781$3,380,886
54$3,845,405$3,141,135$2,954,454$3,564,635
55$4,197,027$3,254,441$3,012,819$3,762,372
56$4,583,236$3,372,020$3,071,860$3,975,382
57$5,007,518$3,494,041$3,131,559$4,205,073
58$5,473,716$3,620,680$3,191,898$4,452,994
59$5,986,062$3,752,121$3,252,853$4,720,848
60$6,549,219$3,888,553$3,314,403$5,010,505
61$7,168,324$4,030,178$3,376,520$5,324,020
62$7,849,037$4,177,201$3,439,178$5,663,655
63$8,597,594$4,329,838$3,502,345$6,031,893
64$9,420,864$4,488,316$3,565,989$6,431,469
65$10,326,417$4,652,868$3,630,074$6,865,388
66$11,322,592$4,823,738$3,694,562$7,336,957
67$12,418,577$5,001,182$3,759,411$7,849,813
68$13,624,496$5,185,465$3,824,576$8,407,956
69$14,951,505$5,376,863$3,890,010$9,015,791
70$16,411,895$5,575,666$3,955,661$9,678,161
71$18,019,207$5,782,172$4,021,474$10,400,400
72$19,788,364$5,996,696$4,087,391$11,188,373
73$21,735,807$6,219,565$4,153,349$12,048,541
74$23,879,655$6,451,118$4,219,281$12,988,013
75$26,239,868$6,691,712$4,285,116$14,014,614
76$28,838,445$6,941,716$4,350,778$15,136,959
77$31,699,623$7,201,517$4,416,186$16,364,534
78$34,850,111$7,471,518$4,481,254$17,707,782
79$38,319,338$7,752,138$4,545,892$19,178,202
80$42,139,733$8,043,815$4,610,002$20,788,455
81$46,347,031$8,347,007$4,673,482$22,552,483
82$50,980,608$8,662,191$4,736,224$24,485,640
83$56,083,855$8,989,863$4,798,112$26,604,833
84$61,704,585$9,330,542$4,859,025$28,928,686
85$67,895,484$9,684,771$4,918,834$31,477,705
86$74,714,612$10,053,113$4,977,404$34,274,480
87$82,225,945$10,436,158$5,034,590$37,343,887
88$90,499,983$10,834,521$5,090,240$40,713,331
89$99,614,413$11,248,845$5,144,195$44,412,995
90$109,654,843$11,679,798$5,196,285$48,476,127
91$120,715,610$12,128,081$5,246,334$52,939,350
92$132,900,668$12,594,422$5,294,151$57,843,010
93$146,324,572$13,079,585$5,339,541$63,231,547
94$161,113,557$13,584,363$5,382,294$69,153,920
95$177,406,730$14,109,588$5,422,192$75,664,065
96$195,357,385$14,656,126$5,459,004$82,821,400
97$215,134,444$15,224,882$5,492,486$90,691,382
98$236,924,057$15,816,801$5,522,384$99,346,129
99$260,931,357$16,432,870$5,548,430$108,865,091
100$287,382,394$17,074,120$5,570,341$119,335,804