Can I retire at age 51 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$224,615$222,614$220,662$218,757$216,897$208,291
2 years$111,196$109,125$107,118$105,172$103,284$94,721
3 years$73,394$71,314$69,312$67,384$65,528$57,276
4 years$54,497$52,423$50,442$48,547$46,735$38,858
5 years$43,162$41,101$39,145$37,289$35,527$28,045
6 years$35,607$33,562$31,635$29,820$28,111$21,029
7 years$30,213$28,185$26,289$24,517$22,862$16,177
8 years$26,170$24,160$22,295$20,566$18,966$12,671
9 years$23,027$21,035$19,203$17,518$15,972$10,058
10 years$20,513$18,542$16,741$15,101$13,609$8,064
11 years$18,458$16,507$14,739$13,142$11,704$6,515
12 years$16,747$14,815$13,080$11,527$10,143$5,296
13 years$15,300$13,389$11,686$10,177$8,845$4,325
14 years$14,061$12,170$10,500$9,034$7,753$3,546
15 years$12,988$11,118$9,480$8,057$6,827$2,916
16 years$12,051$10,200$8,595$7,214$6,033$2,404
17 years$11,224$9,394$7,821$6,482$5,350$1,986
18 years$10,490$8,680$7,140$5,841$4,757$1,643
19 years$9,834$8,045$6,536$5,278$4,240$1,361
20 years$9,244$7,476$5,999$4,780$3,787$1,129
21 years$8,712$6,963$5,518$4,338$3,389$938
22 years$8,228$6,500$5,085$3,945$3,038$779
23 years$7,787$6,079$4,695$3,592$2,727$648
24 years$7,383$5,696$4,342$3,277$2,451$539
25 years$7,013$5,345$4,022$2,992$2,205$448
26 years$6,671$5,024$3,730$2,736$1,987$373
27 years$6,355$4,728$3,464$2,504$1,791$311
28 years$6,062$4,455$3,220$2,295$1,616$259
29 years$5,790$4,203$2,997$2,104$1,459$216
30 years$5,537$3,969$2,791$1,931$1,319$180
31 years$5,300$3,752$2,602$1,774$1,192$150
32 years$5,079$3,550$2,428$1,630$1,078$125
33 years$4,871$3,362$2,267$1,499$976$104
34 years$4,676$3,187$2,118$1,379$884$87
35 years$4,493$3,023$1,980$1,270$800$72
36 years$4,320$2,869$1,852$1,169$725$60
37 years$4,157$2,725$1,734$1,077$657$50
38 years$4,003$2,589$1,624$993$596$42
39 years$3,857$2,462$1,521$916$540$35
40 years$3,719$2,343$1,426$844$490$29
41 years$3,588$2,230$1,337$779$445$24
42 years$3,463$2,124$1,254$719$403$20
43 years$3,345$2,024$1,177$664$366$17
44 years$3,232$1,929$1,105$613$332$14
45 years$3,124$1,839$1,037$566$302$12
46 years$3,022$1,755$974$523$274$10
47 years$2,924$1,674$915$483$249$8
48 years$2,831$1,599$860$446$226$7
49 years$2,741$1,526$808$412$205$6
50 years$2,656$1,458$760$381$186$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,720,000, adding $2,273 every year, while hoping to spend $43,796 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: 49/30/21 Blend
50$2,720,000$2,720,000$2,720,000$2,720,000
51$2,999,785$2,855,625$2,813,465$3,128,941
52$3,259,164$2,948,952$2,861,117$3,312,223
53$3,543,532$3,045,384$2,908,898$3,506,599
54$3,855,392$3,145,027$2,956,766$3,716,852
55$4,197,500$3,247,991$3,004,675$3,944,496
56$4,572,891$3,354,389$3,052,578$4,191,196
57$4,984,911$3,464,339$3,100,424$4,458,783
58$5,437,243$3,577,963$3,148,160$4,749,273
59$5,933,945$3,695,386$3,195,726$5,064,886
60$6,479,486$3,816,739$3,243,062$5,408,061
61$7,078,791$3,942,157$3,290,102$5,781,488
62$7,737,285$4,071,780$3,336,778$6,188,123
63$8,460,944$4,205,753$3,383,016$6,631,224
64$9,256,352$4,344,226$3,428,738$7,114,377
65$10,130,761$4,487,354$3,473,862$7,641,530
66$11,092,163$4,635,299$3,518,301$8,217,028
67$12,149,363$4,788,228$3,561,963$8,845,660
68$13,312,059$4,946,312$3,604,750$9,532,696
69$14,590,940$5,109,732$3,646,559$10,283,941
70$15,997,779$5,278,672$3,687,283$11,105,788
71$17,545,551$5,453,325$3,726,805$12,005,279
72$19,248,549$5,633,891$3,765,005$12,990,169
73$21,122,524$5,820,574$3,801,755$14,068,999
74$23,184,829$6,013,590$3,836,922$15,251,178
75$25,454,585$6,213,159$3,870,362$16,547,072
76$27,952,860$6,419,511$3,901,927$17,968,095
77$30,702,870$6,632,885$3,931,459$19,526,825
78$33,730,193$6,853,527$3,958,794$21,237,116
79$37,063,016$7,081,693$3,983,756$23,114,231
80$40,732,395$7,317,648$4,006,164$25,174,984
81$44,772,553$7,561,667$4,025,824$27,437,899
82$49,221,199$7,814,034$4,042,535$29,923,385
83$54,119,885$8,075,045$4,056,084$32,653,925
84$59,514,398$8,345,007$4,066,247$35,654,292
85$65,455,192$8,624,237$4,072,791$38,951,780
86$71,997,861$8,913,064$4,075,469$42,576,458
87$79,203,669$9,211,831$4,074,024$46,561,461
88$87,140,124$9,520,891$4,068,184$50,943,293
89$95,881,613$9,840,612$4,057,665$55,762,177
90$105,510,111$10,171,375$4,042,170$61,062,433
91$116,115,945$10,513,575$4,021,386$66,892,893
92$127,798,654$10,867,623$3,994,985$73,307,364
93$140,667,924$11,233,944$3,962,624$80,365,134
94$154,844,625$11,612,979$3,923,944$88,131,532
95$170,461,949$12,005,188$3,878,569$96,678,542
96$187,666,670$12,411,044$3,826,104$106,085,483
97$206,620,528$12,831,043$3,766,135$116,439,757
98$227,501,752$13,265,694$3,698,231$127,837,673
99$250,506,748$13,715,530$3,621,939$140,385,354
100$275,851,947$14,181,103$3,536,785$154,199,742