Can I retire at age 51 with 2,700,000?

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$222,963$220,977$219,040$217,149$215,302$213,676
2 years$110,378$108,322$106,330$104,398$102,525$100,886
3 years$72,854$70,790$68,803$66,889$65,046$63,445
4 years$54,096$52,038$50,071$48,190$46,391$44,840
5 years$42,844$40,798$38,857$37,014$35,266$33,769
6 years$35,345$33,315$31,402$29,601$27,905$26,464
7 years$29,991$27,978$26,095$24,336$22,694$21,310
8 years$25,977$23,982$22,131$20,415$18,827$17,500
9 years$22,857$20,881$19,061$17,389$15,855$14,584
10 years$20,362$18,405$16,618$14,990$13,509$12,294
11 years$18,323$16,385$14,630$13,045$11,618$10,459
12 years$16,624$14,707$12,984$11,443$10,068$8,962
13 years$15,188$13,290$11,600$10,102$8,780$7,727
14 years$13,958$12,081$10,423$8,968$7,696$6,695
15 years$12,893$11,036$9,411$7,997$6,776$5,825
16 years$11,962$10,125$8,532$7,161$5,989$5,086
17 years$11,141$9,325$7,764$6,434$5,310$4,454
18 years$10,413$8,617$7,087$5,798$4,722$3,911
19 years$9,762$7,986$6,488$5,239$4,208$3,442
20 years$9,176$7,421$5,954$4,745$3,759$3,035
21 years$8,648$6,912$5,477$4,307$3,364$2,681
22 years$8,167$6,452$5,048$3,916$3,015$2,371
23 years$7,730$6,035$4,661$3,566$2,707$2,100
24 years$7,329$5,654$4,310$3,252$2,433$1,862
25 years$6,961$5,306$3,992$2,970$2,189$1,653
26 years$6,622$4,987$3,703$2,716$1,972$1,468
27 years$6,308$4,693$3,438$2,486$1,778$1,305
28 years$6,018$4,422$3,196$2,278$1,604$1,161
29 years$5,748$4,172$2,974$2,089$1,449$1,033
30 years$5,496$3,940$2,771$1,917$1,309$920
31 years$5,261$3,725$2,583$1,760$1,183$820
32 years$5,041$3,524$2,410$1,618$1,070$731
33 years$4,835$3,338$2,250$1,488$969$652
34 years$4,642$3,163$2,102$1,369$877$581
35 years$4,460$3,000$1,966$1,260$794$519
36 years$4,288$2,848$1,839$1,161$720$463
37 years$4,126$2,705$1,721$1,069$652$413
38 years$3,973$2,570$1,612$986$591$369
39 years$3,829$2,444$1,510$909$536$330
40 years$3,691$2,325$1,415$838$486$294
41 years$3,561$2,214$1,327$773$441$263
42 years$3,437$2,108$1,245$714$400$235
43 years$3,320$2,009$1,168$659$363$210
44 years$3,208$1,915$1,097$608$330$188
45 years$3,101$1,826$1,030$562$299$168
46 years$3,000$1,742$967$519$272$150
47 years$2,903$1,662$909$479$247$134
48 years$2,810$1,587$854$443$224$120
49 years$2,721$1,515$802$409$204$107
50 years$2,636$1,447$754$378$185$96

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,700,000, adding $6,113 every year, while hoping to spend $53,818 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: 49/38/13 Blend
50$2,700,000$2,700,000$2,700,000$2,700,000
51$2,981,706$2,838,606$2,796,756$3,116,884
52$3,228,578$2,920,435$2,833,185$3,292,341
53$3,498,827$3,004,471$2,869,031$3,476,717
54$3,794,781$3,090,764$2,904,217$3,675,787
55$4,119,003$3,179,366$2,938,663$3,890,947
56$4,474,316$3,270,330$2,972,283$4,123,731
57$4,863,830$3,363,709$3,004,988$4,375,826
58$5,290,967$3,459,557$3,036,681$4,649,090
59$5,759,499$3,557,929$3,067,264$4,945,569
60$6,273,581$3,658,881$3,096,630$5,267,513
61$6,837,788$3,762,467$3,124,669$5,617,401
62$7,457,159$3,868,745$3,151,262$5,997,960
63$8,137,246$3,977,770$3,176,286$6,412,195
64$8,884,165$4,089,601$3,199,612$6,863,413
65$9,704,653$4,204,294$3,221,102$7,355,257
66$10,606,131$4,321,908$3,240,612$7,891,739
67$11,596,775$4,442,501$3,257,991$8,477,276
68$12,685,593$4,566,130$3,273,081$9,116,734
69$13,882,507$4,692,854$3,285,713$9,815,472
70$15,198,451$4,822,732$3,295,713$10,579,393
71$16,645,469$4,955,822$3,302,895$11,415,001
72$18,236,831$5,092,181$3,307,066$12,329,458
73$19,987,158$5,231,869$3,308,023$13,330,655
74$21,912,559$5,374,941$3,305,552$14,427,285
75$24,030,782$5,521,455$3,299,430$15,628,925
76$26,361,383$5,671,467$3,289,422$16,946,124
77$28,925,908$5,825,033$3,275,282$18,390,508
78$31,748,098$5,982,207$3,256,751$19,974,883
79$34,854,112$6,143,043$3,233,560$21,713,359
80$38,272,771$6,307,592$3,205,425$23,621,484
81$42,035,836$6,475,906$3,172,048$25,716,386
82$46,178,299$6,648,033$3,133,120$28,016,940
83$50,738,720$6,824,021$3,088,313$30,543,942
84$55,759,586$7,003,915$3,037,289$33,320,307
85$61,287,714$7,187,757$2,979,688$36,371,285
86$67,374,692$7,375,589$2,915,139$39,724,698
87$74,077,364$7,567,446$2,843,249$43,411,204
88$81,458,368$7,763,363$2,763,611$47,464,585
89$89,586,725$7,963,372$2,675,796$51,922,066
90$98,538,492$8,167,498$2,579,356$56,824,668
91$108,397,478$8,375,765$2,473,824$62,217,591
92$119,256,035$8,588,192$2,358,711$68,150,647
93$131,215,927$8,804,790$2,233,505$74,678,723
94$144,389,296$9,025,569$2,097,671$81,862,305
95$158,899,712$9,250,530$1,950,652$89,768,045
96$174,883,347$9,479,670$1,791,862$98,469,393
97$192,490,251$9,712,977$1,620,693$108,047,288
98$211,885,778$9,950,433$1,436,507$118,590,924
99$233,252,135$10,192,013$1,238,638$130,198,592
100$256,790,113$10,437,682$1,026,393$142,978,607