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

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 $2,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$222,963$220,977$219,040$217,149$215,302$210,097
2 years$110,378$108,322$106,330$104,398$102,525$97,312
3 years$72,854$70,790$68,803$66,889$65,046$59,989
4 years$54,096$52,038$50,071$48,190$46,391$41,528
5 years$42,844$40,798$38,857$37,014$35,266$30,611
6 years$35,345$33,315$31,402$29,601$27,905$23,462
7 years$29,991$27,978$26,095$24,336$22,694$18,464
8 years$25,977$23,982$22,131$20,415$18,827$14,808
9 years$22,857$20,881$19,061$17,389$15,855$12,044
10 years$20,362$18,405$16,618$14,990$13,509$9,902
11 years$18,323$16,385$14,630$13,045$11,618$8,210
12 years$16,624$14,707$12,984$11,443$10,068$6,853
13 years$15,188$13,290$11,600$10,102$8,780$5,751
14 years$13,958$12,081$10,423$8,968$7,696$4,847
15 years$12,893$11,036$9,411$7,997$6,776$4,101
16 years$11,962$10,125$8,532$7,161$5,989$3,479
17 years$11,141$9,325$7,764$6,434$5,310$2,960
18 years$10,413$8,617$7,087$5,798$4,722$2,523
19 years$9,762$7,986$6,488$5,239$4,208$2,155
20 years$9,176$7,421$5,954$4,745$3,759$1,843
21 years$8,648$6,912$5,477$4,307$3,364$1,578
22 years$8,167$6,452$5,048$3,916$3,015$1,353
23 years$7,730$6,035$4,661$3,566$2,707$1,161
24 years$7,329$5,654$4,310$3,252$2,433$997
25 years$6,961$5,306$3,992$2,970$2,189$856
26 years$6,622$4,987$3,703$2,716$1,972$736
27 years$6,308$4,693$3,438$2,486$1,778$633
28 years$6,018$4,422$3,196$2,278$1,604$545
29 years$5,748$4,172$2,974$2,089$1,449$469
30 years$5,496$3,940$2,771$1,917$1,309$404
31 years$5,261$3,725$2,583$1,760$1,183$348
32 years$5,041$3,524$2,410$1,618$1,070$300
33 years$4,835$3,338$2,250$1,488$969$258
34 years$4,642$3,163$2,102$1,369$877$223
35 years$4,460$3,000$1,966$1,260$794$192
36 years$4,288$2,848$1,839$1,161$720$166
37 years$4,126$2,705$1,721$1,069$652$143
38 years$3,973$2,570$1,612$986$591$123
39 years$3,829$2,444$1,510$909$536$106
40 years$3,691$2,325$1,415$838$486$92
41 years$3,561$2,214$1,327$773$441$79
42 years$3,437$2,108$1,245$714$400$68
43 years$3,320$2,009$1,168$659$363$59
44 years$3,208$1,915$1,097$608$330$51
45 years$3,101$1,826$1,030$562$299$44
46 years$3,000$1,742$967$519$272$38
47 years$2,903$1,662$909$479$247$33
48 years$2,810$1,587$854$443$224$28
49 years$2,721$1,515$802$409$204$24
50 years$2,636$1,447$754$378$185$21

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 $2,964 every year, while hoping to spend $26,484 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: 60/24/16 Blend
50$2,700,000$2,700,000$2,700,000$2,700,000
51$2,978,457$2,835,357$2,793,507$3,144,881
52$3,254,081$2,946,111$2,858,911$3,368,268
53$3,556,931$3,061,404$2,925,618$3,608,639
54$3,889,756$3,181,431$2,993,644$3,870,241
55$4,255,585$3,306,395$3,063,005$4,155,131
56$4,657,754$3,436,507$3,133,715$4,465,572
57$5,099,939$3,571,991$3,205,789$4,804,051
58$5,586,191$3,713,076$3,279,241$5,173,307
59$6,120,971$3,860,006$3,354,084$5,576,355
60$6,709,196$4,013,032$3,430,332$6,016,510
61$7,356,283$4,172,419$3,507,997$6,497,422
62$8,068,199$4,338,443$3,587,090$7,023,110
63$8,851,520$4,511,391$3,667,622$7,597,995
64$9,713,491$4,691,565$3,749,603$8,226,945
65$10,662,095$4,879,280$3,833,043$8,915,319
66$11,706,128$5,074,864$3,917,950$9,669,019
67$12,855,283$5,278,662$4,004,331$10,494,539
68$14,120,238$5,491,033$4,092,192$11,399,033
69$15,512,760$5,712,352$4,181,538$12,390,377
70$17,045,816$5,943,011$4,272,374$13,477,243
71$18,733,692$6,183,422$4,364,702$14,669,181
72$20,592,132$6,434,013$4,458,522$15,976,710
73$22,638,482$6,695,232$4,553,835$17,411,411
74$24,891,857$6,967,548$4,650,639$18,986,042
75$27,373,320$7,251,452$4,748,929$20,714,652
76$30,106,081$7,547,455$4,848,700$22,612,715
77$33,115,716$7,856,094$4,949,946$24,697,277
78$36,430,405$8,177,929$5,052,656$26,987,110
79$40,081,205$8,513,546$5,156,818$29,502,893
80$44,102,336$8,863,558$5,262,419$32,267,407
81$48,531,506$9,228,605$5,369,443$35,305,742
82$53,410,270$9,609,357$5,477,869$38,645,539
83$58,784,418$10,006,515$5,587,678$42,317,248
84$64,704,407$10,420,813$5,698,843$46,354,412
85$71,225,840$10,853,016$5,811,338$50,793,985
86$78,409,989$11,303,928$5,925,132$55,676,676
87$86,324,374$11,774,386$6,040,189$61,047,336
88$95,043,397$12,265,268$6,156,473$66,955,373
89$104,649,050$12,777,493$6,273,941$73,455,225
90$115,231,683$13,312,020$6,392,548$80,606,867
91$126,890,861$13,869,854$6,512,244$88,476,374
92$139,736,299$14,452,048$6,632,975$97,136,548
93$153,888,903$15,059,699$6,754,681$106,667,597
94$169,481,906$15,693,960$6,877,298$117,157,897
95$186,662,131$16,356,034$7,000,758$128,704,816
96$205,591,370$17,047,182$7,124,985$141,415,638
97$226,447,917$17,768,721$7,249,899$155,408,570
98$249,428,248$18,522,032$7,375,415$170,813,854
99$274,748,876$19,308,558$7,501,438$187,774,998
100$302,648,396$20,129,811$7,627,870$206,450,125