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%11.7%
1 years$222,963$220,977$219,040$217,149$215,302$213,766
2 years$110,378$108,322$106,330$104,398$102,525$100,976
3 years$72,854$70,790$68,803$66,889$65,046$63,532
4 years$54,096$52,038$50,071$48,190$46,391$44,924
5 years$42,844$40,798$38,857$37,014$35,266$33,850
6 years$35,345$33,315$31,402$29,601$27,905$26,542
7 years$29,991$27,978$26,095$24,336$22,694$21,385
8 years$25,977$23,982$22,131$20,415$18,827$17,571
9 years$22,857$20,881$19,061$17,389$15,855$14,652
10 years$20,362$18,405$16,618$14,990$13,509$12,359
11 years$18,323$16,385$14,630$13,045$11,618$10,520
12 years$16,624$14,707$12,984$11,443$10,068$9,021
13 years$15,188$13,290$11,600$10,102$8,780$7,782
14 years$13,958$12,081$10,423$8,968$7,696$6,747
15 years$12,893$11,036$9,411$7,997$6,776$5,874
16 years$11,962$10,125$8,532$7,161$5,989$5,133
17 years$11,141$9,325$7,764$6,434$5,310$4,498
18 years$10,413$8,617$7,087$5,798$4,722$3,953
19 years$9,762$7,986$6,488$5,239$4,208$3,481
20 years$9,176$7,421$5,954$4,745$3,759$3,072
21 years$8,648$6,912$5,477$4,307$3,364$2,715
22 years$8,167$6,452$5,048$3,916$3,015$2,403
23 years$7,730$6,035$4,661$3,566$2,707$2,130
24 years$7,329$5,654$4,310$3,252$2,433$1,890
25 years$6,961$5,306$3,992$2,970$2,189$1,679
26 years$6,622$4,987$3,703$2,716$1,972$1,492
27 years$6,308$4,693$3,438$2,486$1,778$1,328
28 years$6,018$4,422$3,196$2,278$1,604$1,182
29 years$5,748$4,172$2,974$2,089$1,449$1,053
30 years$5,496$3,940$2,771$1,917$1,309$939
31 years$5,261$3,725$2,583$1,760$1,183$837
32 years$5,041$3,524$2,410$1,618$1,070$747
33 years$4,835$3,338$2,250$1,488$969$666
34 years$4,642$3,163$2,102$1,369$877$595
35 years$4,460$3,000$1,966$1,260$794$531
36 years$4,288$2,848$1,839$1,161$720$475
37 years$4,126$2,705$1,721$1,069$652$424
38 years$3,973$2,570$1,612$986$591$379
39 years$3,829$2,444$1,510$909$536$339
40 years$3,691$2,325$1,415$838$486$303
41 years$3,561$2,214$1,327$773$441$271
42 years$3,437$2,108$1,245$714$400$242
43 years$3,320$2,009$1,168$659$363$217
44 years$3,208$1,915$1,097$608$330$194
45 years$3,101$1,826$1,030$562$299$173
46 years$3,000$1,742$967$519$272$155
47 years$2,903$1,662$909$479$247$139
48 years$2,810$1,587$854$443$224$124
49 years$2,721$1,515$802$409$204$111
50 years$2,636$1,447$754$378$185$99

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 $6,026 every year, while hoping to spend $45,953 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: 23/50/27 Blend
50$2,700,000$2,700,000$2,700,000$2,700,000
51$2,981,616$2,838,516$2,796,666$3,024,563
52$3,236,847$2,928,709$2,841,460$3,152,202
53$3,516,572$3,021,782$2,886,216$3,284,494
54$3,823,239$3,117,827$2,930,881$3,425,152
55$4,159,549$3,216,940$2,975,405$3,574,895
56$4,528,471$3,319,218$3,019,729$3,734,512
57$4,933,280$3,424,765$3,063,795$3,904,870
58$5,377,581$3,533,685$3,107,539$4,086,920
59$5,865,346$3,646,087$3,150,893$4,281,707
60$6,400,949$3,762,083$3,193,785$4,490,379
61$6,989,209$3,881,789$3,236,141$4,714,197
62$7,635,437$4,005,324$3,277,880$4,954,547
63$8,345,479$4,132,813$3,318,916$5,212,953
64$9,125,779$4,264,382$3,359,161$5,491,089
65$9,983,435$4,400,163$3,398,520$5,790,798
66$10,926,267$4,540,293$3,436,892$6,114,106
67$11,962,891$4,684,912$3,474,172$6,463,239
68$13,102,798$4,834,164$3,510,249$6,840,649
69$14,356,445$4,988,200$3,545,004$7,249,033
70$15,735,355$5,147,175$3,578,314$7,691,358
71$17,252,222$5,311,247$3,610,049$8,170,888
72$18,921,034$5,480,583$3,640,070$8,691,217
73$20,757,200$5,655,352$3,668,233$9,256,300
74$22,777,701$5,835,731$3,694,386$9,870,492
75$25,001,246$6,021,902$3,718,368$10,538,583
76$27,448,450$6,214,052$3,740,010$11,265,853
77$30,142,027$6,412,375$3,759,135$12,058,108
78$33,107,004$6,617,072$3,775,556$12,921,748
79$36,370,959$6,828,349$3,789,078$13,863,815
80$39,964,279$7,046,421$3,799,495$14,892,066
81$43,920,448$7,271,508$3,806,590$16,015,044
82$48,276,360$7,503,838$3,810,137$17,242,156
83$53,072,670$7,743,647$3,809,898$18,583,765
84$58,354,176$7,991,179$3,805,623$20,051,282
85$64,170,240$8,246,685$3,797,049$21,657,279
86$70,575,256$8,510,424$3,783,902$23,415,601
87$77,629,163$8,782,666$3,765,894$25,341,502
88$85,398,009$9,063,687$3,742,722$27,451,784
89$93,954,572$9,353,775$3,714,070$29,764,954
90$103,379,054$9,653,225$3,679,606$32,301,404
91$113,759,827$9,962,343$3,638,983$35,083,597
92$125,194,277$10,281,445$3,591,837$38,136,280
93$137,789,716$10,610,858$3,537,785$41,486,718
94$151,664,396$10,950,920$3,476,431$45,164,949
95$166,948,628$11,301,979$3,407,355$49,204,069
96$183,786,007$11,664,395$3,330,120$53,640,539
97$202,334,770$12,038,541$3,244,270$58,514,536
98$222,769,289$12,424,801$3,149,325$63,870,324
99$245,281,715$12,823,574$3,044,785$69,756,674
100$270,083,791$13,235,271$2,930,127$76,227,325