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

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$223,789$221,796$219,851$217,953$216,099$211,047
2 years$110,787$108,723$106,724$104,785$102,904$97,843
3 years$73,124$71,052$69,057$67,137$65,287$60,374
4 years$54,297$52,231$50,256$48,368$46,563$41,837
5 years$43,003$40,950$39,001$37,151$35,397$30,871
6 years$35,476$33,438$31,518$29,710$28,008$23,687
7 years$30,102$28,081$26,192$24,426$22,778$18,662
8 years$26,074$24,071$22,213$20,491$18,897$14,985
9 years$22,942$20,958$19,132$17,454$15,914$12,203
10 years$20,438$18,474$16,680$15,045$13,559$10,045
11 years$18,391$16,446$14,684$13,094$11,661$8,339
12 years$16,686$14,761$13,032$11,485$10,106$6,969
13 years$15,244$13,340$11,643$10,140$8,812$5,856
14 years$14,010$12,125$10,462$9,001$7,725$4,943
15 years$12,941$11,077$9,445$8,027$6,801$4,188
16 years$12,006$10,163$8,564$7,187$6,011$3,558
17 years$11,183$9,359$7,793$6,458$5,330$3,031
18 years$10,451$8,649$7,114$5,820$4,739$2,588
19 years$9,798$8,015$6,512$5,259$4,224$2,213
20 years$9,210$7,448$5,977$4,763$3,773$1,896
21 years$8,680$6,938$5,497$4,322$3,376$1,626
22 years$8,198$6,476$5,067$3,930$3,026$1,396
23 years$7,758$6,057$4,678$3,579$2,717$1,200
24 years$7,356$5,675$4,326$3,264$2,442$1,032
25 years$6,987$5,326$4,007$2,981$2,197$888
26 years$6,646$5,005$3,716$2,726$1,979$765
27 years$6,332$4,711$3,451$2,495$1,784$659
28 years$6,040$4,439$3,208$2,286$1,610$568
29 years$5,769$4,187$2,985$2,096$1,454$490
30 years$5,516$3,955$2,781$1,924$1,314$422
31 years$5,281$3,738$2,593$1,767$1,188$364
32 years$5,060$3,537$2,419$1,624$1,074$315
33 years$4,853$3,350$2,259$1,493$972$272
34 years$4,659$3,175$2,110$1,374$880$234
35 years$4,476$3,011$1,973$1,265$797$202
36 years$4,304$2,858$1,846$1,165$722$175
37 years$4,142$2,715$1,727$1,073$655$151
38 years$3,988$2,580$1,618$989$594$130
39 years$3,843$2,453$1,516$912$538$113
40 years$3,705$2,334$1,421$841$488$97
41 years$3,574$2,222$1,332$776$443$84
42 years$3,450$2,116$1,250$716$402$73
43 years$3,332$2,016$1,172$661$365$63
44 years$3,220$1,922$1,101$611$331$54
45 years$3,113$1,833$1,033$564$301$47
46 years$3,011$1,748$971$521$273$41
47 years$2,913$1,668$912$481$248$35
48 years$2,820$1,593$857$445$225$30
49 years$2,731$1,521$805$411$204$26
50 years$2,646$1,453$757$380$186$23

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 $2,105 every year, while hoping to spend $45,320 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: 33/44/23 Blend
50$2,710,000$2,710,000$2,710,000$2,710,000
51$2,988,591$2,844,961$2,802,956$3,066,092
52$3,245,207$2,936,144$2,848,635$3,215,528
53$3,526,480$3,030,276$2,894,325$3,372,219
54$3,834,875$3,127,454$2,939,979$3,540,174
55$4,173,110$3,227,777$2,985,547$3,720,416
56$4,544,178$3,331,349$3,030,974$3,914,066
57$4,951,376$3,438,277$3,076,203$4,122,360
58$5,398,334$3,548,670$3,121,173$4,346,656
59$5,889,052$3,662,643$3,165,821$4,588,443
60$6,427,936$3,780,313$3,210,076$4,849,365
61$7,019,840$3,901,803$3,253,868$5,131,223
62$7,670,110$4,027,238$3,297,119$5,436,003
63$8,384,636$4,156,747$3,339,748$5,765,887
64$9,169,907$4,290,466$3,381,668$6,123,278
65$10,033,072$4,428,534$3,422,788$6,510,816
66$10,982,007$4,571,094$3,463,013$6,931,410
67$12,025,389$4,718,294$3,502,241$7,388,260
68$13,172,776$4,870,288$3,540,364$7,884,888
69$14,434,703$5,027,236$3,577,269$8,425,170
70$15,822,772$5,189,300$3,612,837$9,013,375
71$17,349,770$5,356,651$3,646,942$9,654,199
72$19,029,784$5,529,464$3,679,452$10,352,817
73$20,878,334$5,707,920$3,710,226$11,114,922
74$22,912,524$5,892,207$3,739,118$11,946,786
75$25,151,195$6,082,520$3,765,973$12,855,314
76$27,615,111$6,279,058$3,790,628$13,848,112
77$30,327,150$6,482,028$3,812,911$14,933,553
78$33,312,518$6,691,647$3,832,642$16,120,861
79$36,598,992$6,908,134$3,849,632$17,420,195
80$40,217,176$7,131,720$3,863,682$18,842,743
81$44,200,796$7,362,643$3,874,584$20,400,829
82$48,587,011$7,601,146$3,882,116$22,108,030
83$53,416,769$7,847,485$3,886,050$23,979,297
84$58,735,190$8,101,922$3,886,143$26,031,104
85$64,591,991$8,364,728$3,882,141$28,281,596
86$71,041,960$8,636,185$3,873,778$30,750,763
87$78,145,465$8,916,583$3,860,774$33,460,628
88$85,969,030$9,206,224$3,842,838$36,435,451
89$94,585,960$9,505,418$3,819,662$39,701,963
90$104,077,032$9,814,487$3,790,924$43,289,609
91$114,531,256$10,133,764$3,756,288$47,230,836
92$126,046,721$10,463,595$3,715,400$51,561,387
93$138,731,511$10,804,335$3,667,890$56,320,647
94$152,704,732$11,156,355$3,613,371$61,552,009
95$168,097,634$11,520,035$3,551,439$67,303,282
96$185,054,848$11,895,772$3,481,667$73,627,145
97$203,735,752$12,283,975$3,403,613$80,581,642
98$224,315,976$12,685,067$3,316,811$88,230,727
99$246,989,057$13,099,487$3,220,776$96,644,869
100$271,968,267$13,527,688$3,114,998$105,901,715