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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.5%
1 years$222,138$220,159$218,229$216,344$214,504$212,264
2 years$109,969$107,921$105,936$104,012$102,145$99,889
3 years$72,585$70,528$68,548$66,641$64,805$62,603
4 years$53,896$51,845$49,885$48,011$46,219$44,089
5 years$42,686$40,647$38,713$36,877$35,135$33,082
6 years$35,215$33,192$31,286$29,491$27,801$25,828
7 years$29,880$27,874$25,999$24,246$22,610$20,718
8 years$25,881$23,893$22,049$20,340$18,757$16,946
9 years$22,773$20,803$18,991$17,325$15,796$14,065
10 years$20,287$18,337$16,557$14,934$13,459$11,807
11 years$18,255$16,325$14,576$12,997$11,575$10,000
12 years$16,562$14,652$12,936$11,400$10,031$8,532
13 years$15,132$13,241$11,557$10,065$8,747$7,322
14 years$13,906$12,036$10,384$8,934$7,668$6,315
15 years$12,845$10,995$9,376$7,968$6,751$5,469
16 years$11,918$10,088$8,500$7,134$5,967$4,752
17 years$11,100$9,290$7,735$6,410$5,291$4,142
18 years$10,374$8,585$7,061$5,777$4,704$3,619
19 years$9,726$7,956$6,464$5,220$4,193$3,169
20 years$9,142$7,393$5,932$4,728$3,745$2,780
21 years$8,616$6,887$5,457$4,291$3,352$2,442
22 years$8,137$6,428$5,029$3,901$3,004$2,149
23 years$7,701$6,012$4,644$3,553$2,697$1,893
24 years$7,302$5,633$4,295$3,240$2,424$1,670
25 years$6,935$5,286$3,978$2,959$2,181$1,474
26 years$6,597$4,968$3,689$2,706$1,965$1,302
27 years$6,285$4,676$3,426$2,477$1,771$1,151
28 years$5,995$4,406$3,185$2,269$1,598$1,018
29 years$5,726$4,157$2,963$2,081$1,443$901
30 years$5,476$3,925$2,760$1,910$1,304$798
31 years$5,242$3,711$2,573$1,754$1,179$707
32 years$5,023$3,511$2,401$1,612$1,066$627
33 years$4,817$3,325$2,242$1,482$965$556
34 years$4,625$3,152$2,095$1,364$874$493
35 years$4,443$2,989$1,958$1,256$791$437
36 years$4,272$2,837$1,832$1,156$717$388
37 years$4,111$2,695$1,715$1,065$650$344
38 years$3,959$2,561$1,606$982$589$305
39 years$3,814$2,435$1,504$905$534$271
40 years$3,678$2,317$1,410$835$485$241
41 years$3,548$2,205$1,322$771$440$214
42 years$3,425$2,100$1,240$711$399$190
43 years$3,308$2,001$1,164$656$362$169
44 years$3,196$1,908$1,092$606$329$150
45 years$3,090$1,819$1,026$560$298$133
46 years$2,989$1,735$963$517$271$118
47 years$2,892$1,656$905$478$246$105
48 years$2,799$1,581$851$441$223$93
49 years$2,711$1,510$799$408$203$83
50 years$2,626$1,442$752$377$184$74

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 $4,885 every year, while hoping to spend $34,394 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: 29/41/30 Blend
50$2,690,000$2,690,000$2,690,000$2,690,000
51$2,969,419$2,826,849$2,785,154$3,028,002
52$3,235,705$2,928,770$2,841,862$3,177,006
53$3,527,999$3,034,532$2,899,316$3,333,787
54$3,848,918$3,144,287$2,957,507$3,501,664
55$4,201,344$3,258,194$3,016,420$3,681,622
56$4,588,453$3,376,417$3,076,042$3,874,742
57$5,013,742$3,499,128$3,136,356$4,082,211
58$5,481,064$3,626,506$3,197,344$4,305,331
59$5,994,665$3,758,736$3,258,987$4,545,534
60$6,559,220$3,896,014$3,321,263$4,804,391
61$7,179,883$4,038,541$3,384,147$5,083,627
62$7,862,330$4,186,528$3,447,615$5,385,140
63$8,612,814$4,340,195$3,511,637$5,711,014
64$9,438,226$4,499,770$3,576,182$6,063,540
65$10,346,158$4,665,491$3,641,217$6,445,236
66$11,344,974$4,837,608$3,706,705$6,858,871
67$12,443,889$5,016,378$3,772,607$7,307,489
68$13,653,058$5,202,073$3,838,882$7,794,439
69$14,983,669$5,394,974$3,905,484$8,323,403
70$16,448,049$5,595,374$3,972,364$8,898,433
71$18,059,782$5,803,579$4,039,469$9,523,983
72$19,833,833$6,019,908$4,106,745$10,204,959
73$21,786,694$6,244,693$4,174,131$10,946,753
74$23,936,536$6,478,282$4,241,564$11,755,303
75$26,303,381$6,721,036$4,308,974$12,637,143
76$28,909,292$6,973,333$4,376,291$13,599,462
77$31,778,579$7,235,566$4,443,436$14,650,176
78$34,938,031$7,508,145$4,510,328$15,797,996
79$38,417,164$7,791,498$4,576,878$17,052,513
80$42,248,506$8,086,073$4,642,995$18,424,286
81$46,467,898$8,392,335$4,708,579$19,924,938
82$51,114,835$8,710,770$4,773,527$21,567,268
83$56,232,835$9,041,886$4,837,728$23,365,368
84$61,869,857$9,386,211$4,901,065$25,334,756
85$68,078,746$9,744,298$4,963,414$27,492,519
86$74,917,733$10,116,724$5,024,643$29,857,475
87$82,450,988$10,504,090$5,084,615$32,450,346
88$90,749,222$10,907,023$5,143,183$35,293,956
89$99,890,355$11,326,179$5,200,192$38,413,440
90$109,960,252$11,762,243$5,255,479$41,836,483
91$121,053,532$12,215,928$5,308,872$45,593,578
92$133,274,464$12,687,979$5,360,190$49,718,309
93$146,737,944$13,179,175$5,409,242$54,247,673
94$161,570,588$13,690,329$5,455,825$59,222,421
95$177,911,922$14,222,288$5,499,729$64,687,440
96$195,915,697$14,775,940$5,540,729$70,692,179
97$215,751,345$15,352,207$5,578,590$77,291,111
98$237,605,574$15,952,058$5,613,066$84,544,243
99$261,684,135$16,576,501$5,643,895$92,517,681
100$288,213,756$17,226,589$5,670,805$101,284,253