Can I retire at age 51 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$223,789$221,796$219,851$217,953$216,099$214,199
2 years$110,787$108,723$106,724$104,785$102,904$100,990
3 years$73,124$71,052$69,057$67,137$65,287$63,417
4 years$54,297$52,231$50,256$48,368$46,563$44,752
5 years$43,003$40,950$39,001$37,151$35,397$33,650
6 years$35,476$33,438$31,518$29,710$28,008$26,328
7 years$30,102$28,081$26,192$24,426$22,778$21,166
8 years$26,074$24,071$22,213$20,491$18,897$17,352
9 years$22,942$20,958$19,132$17,454$15,914$14,435
10 years$20,438$18,474$16,680$15,045$13,559$12,147
11 years$18,391$16,446$14,684$13,094$11,661$10,314
12 years$16,686$14,761$13,032$11,485$10,106$8,822
13 years$15,244$13,340$11,643$10,140$8,812$7,591
14 years$14,010$12,125$10,462$9,001$7,725$6,564
15 years$12,941$11,077$9,445$8,027$6,801$5,700
16 years$12,006$10,163$8,564$7,187$6,011$4,967
17 years$11,183$9,359$7,793$6,458$5,330$4,341
18 years$10,451$8,649$7,114$5,820$4,739$3,803
19 years$9,798$8,015$6,512$5,259$4,224$3,340
20 years$9,210$7,448$5,977$4,763$3,773$2,939
21 years$8,680$6,938$5,497$4,322$3,376$2,590
22 years$8,198$6,476$5,067$3,930$3,026$2,285
23 years$7,758$6,057$4,678$3,579$2,717$2,020
24 years$7,356$5,675$4,326$3,264$2,442$1,787
25 years$6,987$5,326$4,007$2,981$2,197$1,582
26 years$6,646$5,005$3,716$2,726$1,979$1,402
27 years$6,332$4,711$3,451$2,495$1,784$1,243
28 years$6,040$4,439$3,208$2,286$1,610$1,103
29 years$5,769$4,187$2,985$2,096$1,454$980
30 years$5,516$3,955$2,781$1,924$1,314$871
31 years$5,281$3,738$2,593$1,767$1,188$774
32 years$5,060$3,537$2,419$1,624$1,074$688
33 years$4,853$3,350$2,259$1,493$972$612
34 years$4,659$3,175$2,110$1,374$880$545
35 years$4,476$3,011$1,973$1,265$797$485
36 years$4,304$2,858$1,846$1,165$722$431
37 years$4,142$2,715$1,727$1,073$655$384
38 years$3,988$2,580$1,618$989$594$342
39 years$3,843$2,453$1,516$912$538$305
40 years$3,705$2,334$1,421$841$488$272
41 years$3,574$2,222$1,332$776$443$242
42 years$3,450$2,116$1,250$716$402$216
43 years$3,332$2,016$1,172$661$365$192
44 years$3,220$1,922$1,101$611$331$171
45 years$3,113$1,833$1,033$564$301$153
46 years$3,011$1,748$971$521$273$136
47 years$2,913$1,668$912$481$248$121
48 years$2,820$1,593$857$445$225$108
49 years$2,731$1,521$805$411$204$97
50 years$2,646$1,453$757$380$186$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,710,000, adding $2,166 every year, while hoping to spend $31,611 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: 47/27/26 Blend
50$2,710,000$2,710,000$2,710,000$2,710,000
51$2,988,654$2,845,024$2,803,019$3,106,783
52$3,259,863$2,950,797$2,863,287$3,295,912
53$3,557,676$3,060,692$2,924,513$3,497,813
54$3,884,773$3,174,880$2,986,698$3,716,357
55$4,244,106$3,293,536$3,049,839$3,953,122
56$4,638,929$3,416,843$3,113,933$4,209,845
57$5,072,824$3,544,992$3,178,974$4,488,433
58$5,549,739$3,678,184$3,244,957$4,790,987
59$6,074,023$3,816,626$3,311,874$5,119,817
60$6,650,468$3,960,536$3,379,716$5,477,462
61$7,284,353$4,110,139$3,448,474$5,866,719
62$7,981,493$4,265,672$3,518,134$6,290,664
63$8,748,297$4,427,382$3,588,683$6,752,681
64$9,591,825$4,595,525$3,660,105$7,256,497
65$10,519,855$4,770,370$3,732,383$7,806,212
66$11,540,959$4,952,196$3,805,496$8,406,338
67$12,664,580$5,141,297$3,879,424$9,061,845
68$13,901,124$5,337,977$3,954,140$9,778,201
69$15,262,054$5,542,554$4,029,620$10,561,427
70$16,760,005$5,755,360$4,105,833$11,418,153
71$18,408,894$5,976,742$4,182,748$12,355,678
72$20,224,061$6,207,061$4,260,330$13,382,040
73$22,222,405$6,446,697$4,338,540$14,506,087
74$24,422,548$6,696,042$4,417,339$15,737,567
75$26,845,009$6,955,510$4,496,681$17,087,212
76$29,512,399$7,225,529$4,576,519$18,566,842
77$32,449,632$7,506,549$4,656,801$20,189,475
78$35,684,163$7,799,038$4,737,472$21,969,448
79$39,246,244$8,103,487$4,818,473$23,922,552
80$43,169,208$8,420,405$4,899,740$26,066,181
81$47,489,791$8,750,328$4,981,204$28,419,494
82$52,248,468$9,093,813$5,062,793$31,003,595
83$57,489,844$9,451,442$5,144,429$33,841,729
84$63,263,069$9,823,824$5,226,029$36,959,503
85$69,622,306$10,211,595$5,307,504$40,385,127
86$76,627,236$10,615,418$5,388,760$44,149,676
87$84,343,627$11,035,987$5,469,697$48,287,382
88$92,843,954$11,474,027$5,550,209$52,835,961
89$102,208,078$11,930,295$5,630,182$57,836,960
90$112,524,005$12,405,583$5,709,496$63,336,153
91$123,888,714$12,900,717$5,788,025$69,383,969
92$136,409,072$13,416,561$5,865,632$76,035,968
93$150,202,843$13,954,018$5,942,177$83,353,362
94$165,399,801$14,514,032$6,017,507$91,403,593
95$182,142,950$15,097,590$6,091,464$100,260,966
96$200,589,880$15,705,721$6,163,877$110,007,349
97$220,914,250$16,339,504$6,234,569$120,732,945
98$243,307,429$17,000,064$6,303,352$132,537,140
99$267,980,299$17,688,580$6,370,027$145,529,439
100$295,165,250$18,406,281$6,434,384$159,830,499