Can I retire at age 51 with 2,730,000?

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 $2,730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$225,441$223,433$221,474$219,561$217,694$213,561
2 years$111,604$109,526$107,511$105,558$103,664$99,516
3 years$73,664$71,576$69,567$67,632$65,769$61,735
4 years$54,697$52,616$50,627$48,725$46,907$43,019
5 years$43,320$41,252$39,289$37,426$35,658$31,926
6 years$35,738$33,685$31,751$29,930$28,215$24,644
7 years$30,324$28,289$26,385$24,607$22,946$19,537
8 years$26,266$24,249$22,377$20,642$19,036$15,788
9 years$23,111$21,113$19,273$17,582$16,031$12,942
10 years$20,589$18,610$16,803$15,156$13,659$10,726
11 years$18,526$16,567$14,793$13,190$11,747$8,966
12 years$16,809$14,870$13,128$11,570$10,180$7,547
13 years$15,357$13,438$11,729$10,214$8,877$6,389
14 years$14,113$12,215$10,539$9,067$7,782$5,433
15 years$13,036$11,158$9,515$8,086$6,852$4,638
16 years$12,095$10,238$8,627$7,240$6,056$3,972
17 years$11,265$9,429$7,850$6,505$5,369$3,410
18 years$10,529$8,712$7,166$5,863$4,774$2,935
19 years$9,870$8,075$6,560$5,297$4,255$2,531
20 years$9,278$7,503$6,021$4,798$3,801$2,186
21 years$8,744$6,989$5,538$4,354$3,401$1,890
22 years$8,258$6,524$5,104$3,959$3,049$1,637
23 years$7,816$6,102$4,713$3,606$2,737$1,419
24 years$7,410$5,717$4,358$3,289$2,460$1,231
25 years$7,038$5,365$4,037$3,003$2,214$1,069
26 years$6,695$5,042$3,744$2,746$1,994$929
27 years$6,378$4,745$3,477$2,514$1,798$807
28 years$6,085$4,472$3,232$2,303$1,622$702
29 years$5,811$4,218$3,008$2,112$1,465$611
30 years$5,557$3,984$2,801$1,938$1,323$532
31 years$5,320$3,766$2,612$1,780$1,196$463
32 years$5,097$3,563$2,437$1,636$1,082$403
33 years$4,889$3,375$2,275$1,504$979$351
34 years$4,693$3,198$2,126$1,384$887$306
35 years$4,509$3,034$1,987$1,274$803$267
36 years$4,336$2,879$1,859$1,173$728$233
37 years$4,172$2,735$1,740$1,081$660$203
38 years$4,017$2,599$1,630$997$598$177
39 years$3,871$2,471$1,527$919$542$154
40 years$3,732$2,351$1,431$848$492$134
41 years$3,601$2,238$1,342$782$446$117
42 years$3,476$2,132$1,259$722$405$102
43 years$3,357$2,031$1,181$666$367$89
44 years$3,244$1,936$1,109$615$334$78
45 years$3,136$1,846$1,041$568$303$68
46 years$3,033$1,761$978$525$275$59
47 years$2,935$1,681$919$485$250$52
48 years$2,841$1,604$863$448$227$45
49 years$2,751$1,532$811$414$206$39
50 years$2,665$1,464$763$383$187$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,730,000, adding $4,975 every year, while hoping to spend $20,832 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: 40/50/10 Blend
50$2,730,000$2,730,000$2,730,000$2,730,000
51$3,013,592$2,868,902$2,826,587$3,124,906
52$3,298,813$2,987,313$2,899,112$3,322,107
53$3,612,429$3,110,828$2,973,369$3,532,855
54$3,957,313$3,239,675$3,049,394$3,760,367
55$4,336,632$3,374,093$3,127,222$4,006,168
56$4,753,876$3,514,331$3,206,891$4,271,930
57$5,212,889$3,660,650$3,288,439$4,559,489
58$5,717,905$3,813,323$3,371,903$4,870,860
59$6,273,592$3,972,637$3,457,323$5,208,252
60$6,885,091$4,138,889$3,544,736$5,574,094
61$7,558,069$4,312,393$3,634,183$5,971,051
62$8,298,767$4,493,475$3,725,704$6,402,051
63$9,114,065$4,682,479$3,819,338$6,870,309
64$10,011,541$4,879,762$3,915,127$7,379,358
65$10,999,546$5,085,698$4,013,112$7,933,081
66$12,087,283$5,300,680$4,113,334$8,535,743
67$13,284,891$5,525,119$4,215,837$9,192,035
68$14,603,544$5,759,444$4,320,661$9,907,110
69$16,055,552$6,004,103$4,427,850$10,686,636
70$17,654,482$6,259,568$4,537,447$11,536,844
71$19,415,283$6,526,331$4,649,495$12,464,586
72$21,354,427$6,804,906$4,764,038$13,477,397
73$23,490,065$7,095,834$4,881,120$14,583,568
74$25,842,200$7,399,677$5,000,785$15,792,214
75$28,432,870$7,717,028$5,123,078$17,113,366
76$31,286,365$8,048,503$5,248,043$18,558,058
77$34,429,446$8,394,752$5,375,724$20,138,432
78$37,891,605$8,756,450$5,506,166$21,867,848
79$41,705,340$9,134,308$5,639,415$23,761,008
80$45,906,464$9,529,068$5,775,514$25,834,091
81$50,534,438$9,941,508$5,914,509$28,104,906
82$55,632,750$10,372,440$6,056,443$30,593,052
83$61,249,318$10,822,718$6,201,362$33,320,106
84$67,436,951$11,293,233$6,349,310$36,309,815
85$74,253,839$11,784,920$6,500,331$39,588,327
86$81,764,106$12,298,757$6,654,468$43,184,423
87$90,038,416$12,835,768$6,811,764$47,129,795
88$99,154,639$13,397,025$6,972,262$51,459,335
89$109,198,584$13,983,651$7,136,005$56,211,460
90$120,264,811$14,596,822$7,303,033$61,428,475
91$132,457,526$15,237,769$7,473,388$67,156,962
92$145,891,556$15,907,783$7,647,109$73,448,220
93$160,693,444$16,608,213$7,824,236$80,358,739
94$177,002,634$17,340,474$8,004,807$87,950,734
95$194,972,793$18,106,048$8,188,858$96,292,722
96$214,773,258$18,906,485$8,376,426$105,460,163
97$236,590,639$19,743,411$8,567,544$115,536,172
98$260,630,573$20,618,527$8,762,246$126,612,289
99$287,119,672$21,533,615$8,960,562$138,789,344
100$316,307,660$22,490,544$9,162,522$152,178,396