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%18.2%
1 years$223,789$221,796$219,851$217,953$216,099$208,931
2 years$110,787$108,723$106,724$104,785$102,904$95,752
3 years$73,124$71,052$69,057$67,137$65,287$58,375
4 years$54,297$52,231$50,256$48,368$46,563$39,945
5 years$43,003$40,950$39,001$37,151$35,397$29,089
6 years$35,476$33,438$31,518$29,710$28,008$22,017
7 years$30,102$28,081$26,192$24,426$22,778$17,102
8 years$26,074$24,071$22,213$20,491$18,897$13,532
9 years$22,942$20,958$19,132$17,454$15,914$10,853
10 years$20,438$18,474$16,680$15,045$13,559$8,796
11 years$18,391$16,446$14,684$13,094$11,661$7,185
12 years$16,686$14,761$13,032$11,485$10,106$5,907
13 years$15,244$13,340$11,643$10,140$8,812$4,881
14 years$14,010$12,125$10,462$9,001$7,725$4,049
15 years$12,941$11,077$9,445$8,027$6,801$3,371
16 years$12,006$10,163$8,564$7,187$6,011$2,813
17 years$11,183$9,359$7,793$6,458$5,330$2,353
18 years$10,451$8,649$7,114$5,820$4,739$1,972
19 years$9,798$8,015$6,512$5,259$4,224$1,655
20 years$9,210$7,448$5,977$4,763$3,773$1,391
21 years$8,680$6,938$5,497$4,322$3,376$1,170
22 years$8,198$6,476$5,067$3,930$3,026$985
23 years$7,758$6,057$4,678$3,579$2,717$830
24 years$7,356$5,675$4,326$3,264$2,442$700
25 years$6,987$5,326$4,007$2,981$2,197$591
26 years$6,646$5,005$3,716$2,726$1,979$499
27 years$6,332$4,711$3,451$2,495$1,784$421
28 years$6,040$4,439$3,208$2,286$1,610$355
29 years$5,769$4,187$2,985$2,096$1,454$300
30 years$5,516$3,955$2,781$1,924$1,314$254
31 years$5,281$3,738$2,593$1,767$1,188$214
32 years$5,060$3,537$2,419$1,624$1,074$181
33 years$4,853$3,350$2,259$1,493$972$153
34 years$4,659$3,175$2,110$1,374$880$130
35 years$4,476$3,011$1,973$1,265$797$110
36 years$4,304$2,858$1,846$1,165$722$93
37 years$4,142$2,715$1,727$1,073$655$78
38 years$3,988$2,580$1,618$989$594$66
39 years$3,843$2,453$1,516$912$538$56
40 years$3,705$2,334$1,421$841$488$47
41 years$3,574$2,222$1,332$776$443$40
42 years$3,450$2,116$1,250$716$402$34
43 years$3,332$2,016$1,172$661$365$29
44 years$3,220$1,922$1,101$611$331$24
45 years$3,113$1,833$1,033$564$301$21
46 years$3,011$1,748$971$521$273$17
47 years$2,913$1,668$912$481$248$15
48 years$2,820$1,593$857$445$225$12
49 years$2,731$1,521$805$411$204$11
50 years$2,646$1,453$757$380$186$9

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 $6,584 every year, while hoping to spend $27,439 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: 47/42/11 Blend
50$2,710,000$2,710,000$2,710,000$2,710,000
51$2,993,211$2,849,581$2,807,576$3,124,461
52$3,269,324$2,960,016$2,872,435$3,326,098
53$3,572,681$3,074,942$2,938,547$3,541,435
54$3,906,031$3,194,551$3,005,926$3,774,517
55$4,272,404$3,319,043$3,074,582$4,027,000
56$4,675,139$3,448,625$3,144,530$4,300,709
57$5,117,911$3,583,515$3,215,780$4,597,644
58$5,604,772$3,723,942$3,288,342$4,920,004
59$6,140,185$3,870,141$3,362,228$5,270,208
60$6,729,068$4,022,362$3,437,447$5,650,913
61$7,376,838$4,180,863$3,514,006$6,065,040
62$8,089,464$4,345,914$3,591,915$6,515,801
63$8,873,525$4,517,800$3,671,179$7,006,729
64$9,736,266$4,696,813$3,751,806$7,541,706
65$10,685,673$4,883,265$3,833,799$8,125,007
66$11,730,543$5,077,476$3,917,162$8,761,329
67$12,880,570$5,279,784$4,001,899$9,455,842
68$14,146,435$5,490,540$4,088,009$10,214,235
69$15,539,908$5,710,114$4,175,494$11,042,764
70$17,073,957$5,938,888$4,264,352$11,948,317
71$18,762,872$6,177,265$4,354,579$12,938,472
72$20,622,399$6,425,664$4,446,171$14,021,567
73$22,669,887$6,684,525$4,539,121$15,206,783
74$24,924,455$6,954,307$4,633,421$16,504,222
75$27,407,170$7,235,488$4,729,061$17,925,006
76$30,141,244$7,528,570$4,826,028$19,481,378
77$33,152,259$7,834,078$4,924,308$21,186,816
78$36,468,400$8,152,558$5,023,883$23,056,159
79$40,120,728$8,484,584$5,124,734$25,105,743
80$44,143,468$8,830,755$5,226,838$27,353,559
81$48,574,337$9,191,697$5,330,172$29,819,412
82$53,454,893$9,568,064$5,434,707$32,525,115
83$58,830,934$9,960,542$5,540,412$35,494,685
84$64,752,927$10,369,845$5,647,253$38,754,572
85$71,276,481$10,796,723$5,755,192$42,333,906
86$78,462,879$11,241,960$5,864,188$46,264,767
87$86,379,650$11,706,373$5,974,195$50,582,487
88$95,101,208$12,190,819$6,085,164$55,325,981
89$104,709,556$12,696,194$6,197,043$60,538,109
90$115,295,059$13,223,436$6,309,772$66,266,081
91$126,957,295$13,773,524$6,423,289$72,561,898
92$139,805,996$14,347,484$6,537,526$79,482,839
93$153,962,085$14,946,388$6,652,410$87,091,999
94$169,558,815$15,571,358$6,767,864$95,458,881
95$186,743,029$16,223,569$6,883,801$104,660,049
96$205,676,542$16,904,249$7,000,133$114,779,844
97$226,537,674$17,614,682$7,116,763$125,911,180
98$249,522,929$18,356,213$7,233,586$138,156,416
99$274,848,849$19,130,249$7,350,493$151,628,315
100$302,754,063$19,938,262$7,467,365$166,451,108