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%12.6%
1 years$223,789$221,796$219,851$217,953$216,099$213,754
2 years$110,787$108,723$106,724$104,785$102,904$100,543
3 years$73,124$71,052$69,057$67,137$65,287$62,982
4 years$54,297$52,231$50,256$48,368$46,563$44,333
5 years$43,003$40,950$39,001$37,151$35,397$33,248
6 years$35,476$33,438$31,518$29,710$28,008$25,944
7 years$30,102$28,081$26,192$24,426$22,778$20,799
8 years$26,074$24,071$22,213$20,491$18,897$17,002
9 years$22,942$20,958$19,132$17,454$15,914$14,103
10 years$20,438$18,474$16,680$15,045$13,559$11,832
11 years$18,391$16,446$14,684$13,094$11,661$10,016
12 years$16,686$14,761$13,032$11,485$10,106$8,539
13 years$15,244$13,340$11,643$10,140$8,812$7,324
14 years$14,010$12,125$10,462$9,001$7,725$6,312
15 years$12,941$11,077$9,445$8,027$6,801$5,463
16 years$12,006$10,163$8,564$7,187$6,011$4,744
17 years$11,183$9,359$7,793$6,458$5,330$4,132
18 years$10,451$8,649$7,114$5,820$4,739$3,607
19 years$9,798$8,015$6,512$5,259$4,224$3,156
20 years$9,210$7,448$5,977$4,763$3,773$2,767
21 years$8,680$6,938$5,497$4,322$3,376$2,429
22 years$8,198$6,476$5,067$3,930$3,026$2,136
23 years$7,758$6,057$4,678$3,579$2,717$1,880
24 years$7,356$5,675$4,326$3,264$2,442$1,657
25 years$6,987$5,326$4,007$2,981$2,197$1,461
26 years$6,646$5,005$3,716$2,726$1,979$1,290
27 years$6,332$4,711$3,451$2,495$1,784$1,140
28 years$6,040$4,439$3,208$2,286$1,610$1,007
29 years$5,769$4,187$2,985$2,096$1,454$891
30 years$5,516$3,955$2,781$1,924$1,314$788
31 years$5,281$3,738$2,593$1,767$1,188$698
32 years$5,060$3,537$2,419$1,624$1,074$618
33 years$4,853$3,350$2,259$1,493$972$547
34 years$4,659$3,175$2,110$1,374$880$485
35 years$4,476$3,011$1,973$1,265$797$430
36 years$4,304$2,858$1,846$1,165$722$381
37 years$4,142$2,715$1,727$1,073$655$338
38 years$3,988$2,580$1,618$989$594$300
39 years$3,843$2,453$1,516$912$538$266
40 years$3,705$2,334$1,421$841$488$236
41 years$3,574$2,222$1,332$776$443$209
42 years$3,450$2,116$1,250$716$402$186
43 years$3,332$2,016$1,172$661$365$165
44 years$3,220$1,922$1,101$611$331$146
45 years$3,113$1,833$1,033$564$301$130
46 years$3,011$1,748$971$521$273$115
47 years$2,913$1,668$912$481$248$102
48 years$2,820$1,593$857$445$225$91
49 years$2,731$1,521$805$411$204$81
50 years$2,646$1,453$757$380$186$72

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 $4,039 every year, while hoping to spend $39,014 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: 51/26/23 Blend
50$2,710,000$2,710,000$2,710,000$2,710,000
51$2,990,586$2,846,956$2,804,951$3,123,697
52$3,254,115$2,944,946$2,857,407$3,314,311
53$3,543,217$3,046,431$2,910,311$3,517,141
54$3,860,458$3,151,539$2,963,640$3,736,878
55$4,208,667$3,260,406$3,017,364$3,975,142
56$4,590,957$3,373,173$3,071,452$4,233,714
57$5,010,762$3,489,985$3,125,872$4,514,555
58$5,471,859$3,610,993$3,180,588$4,819,821
59$5,978,413$3,736,356$3,235,563$5,151,888
60$6,535,011$3,866,238$3,290,754$5,513,368
61$7,146,706$4,000,807$3,346,118$5,907,137
62$7,819,065$4,140,242$3,401,608$6,336,362
63$8,558,222$4,284,727$3,457,175$6,804,527
64$9,370,934$4,434,452$3,512,763$7,315,471
65$10,264,646$4,589,616$3,568,317$7,873,417
66$11,247,559$4,750,426$3,623,775$8,483,017
67$12,328,710$4,917,098$3,679,072$9,149,395
68$13,518,057$5,089,854$3,734,139$9,878,190
69$14,826,570$5,268,927$3,788,904$10,675,614
70$16,266,335$5,454,560$3,843,287$11,548,508
71$17,850,672$5,647,004$3,897,208$12,504,407
72$19,594,253$5,846,520$3,950,577$13,551,608
73$21,513,249$6,053,382$4,003,303$14,699,250
74$23,625,474$6,267,871$4,055,288$15,957,402
75$25,950,559$6,490,283$4,106,427$17,337,150
76$28,510,135$6,720,926$4,156,610$18,850,710
77$31,328,034$6,960,117$4,205,722$20,511,537
78$34,430,520$7,208,189$4,253,641$22,334,451
79$37,846,531$7,465,488$4,300,235$24,335,782
80$41,607,954$7,732,374$4,345,370$26,533,515
81$45,749,926$8,009,221$4,388,901$28,947,467
82$50,311,166$8,296,420$4,430,676$31,599,468
83$55,334,336$8,594,375$4,470,535$34,513,569
84$60,866,449$8,903,511$4,508,309$37,716,268
85$66,959,311$9,224,267$4,543,821$41,236,758
86$73,670,005$9,557,101$4,576,884$45,107,203
87$81,061,437$9,902,490$4,607,301$49,363,039
88$89,202,924$10,260,932$4,634,865$54,043,311
89$98,170,848$10,632,944$4,659,359$59,191,039
90$108,049,381$11,019,065$4,680,555$64,853,619
91$118,931,276$11,419,857$4,698,211$71,083,279
92$130,918,741$11,835,905$4,712,076$77,937,560
93$144,124,406$12,267,818$4,721,884$85,479,867
94$158,672,386$12,716,231$4,727,358$93,780,062
95$174,699,449$13,181,806$4,728,204$102,915,123
96$192,356,311$13,665,233$4,724,117$112,969,870
97$211,809,055$14,167,229$4,714,775$124,037,766
98$233,240,699$14,688,544$4,699,840$136,221,794
99$256,852,925$15,229,957$4,678,959$149,635,434
100$282,867,981$15,792,282$4,651,762$164,403,726