Can I retire at age 51 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$226,267$224,251$222,285$220,366$218,491$216,933
2 years$112,013$109,927$107,905$105,945$104,044$102,472
3 years$73,934$71,839$69,822$67,880$66,010$64,473
4 years$54,898$52,809$50,812$48,904$47,079$45,590
5 years$43,479$41,403$39,433$37,563$35,788$34,352
6 years$35,869$33,809$31,867$30,039$28,318$26,935
7 years$30,436$28,392$26,482$24,697$23,030$21,701
8 years$26,362$24,337$22,459$20,718$19,106$17,831
9 years$23,196$21,190$19,344$17,647$16,090$14,869
10 years$20,664$18,678$16,864$15,212$13,709$12,542
11 years$18,594$16,628$14,847$13,239$11,790$10,676
12 years$16,870$14,924$13,176$11,612$10,217$9,154
13 years$15,413$13,487$11,772$10,252$8,910$7,897
14 years$14,165$12,260$10,577$9,100$7,810$6,847
15 years$13,084$11,199$9,550$8,116$6,877$5,961
16 years$12,139$10,275$8,658$7,267$6,078$5,209
17 years$11,307$9,463$7,879$6,529$5,389$4,565
18 years$10,567$8,744$7,192$5,884$4,792$4,011
19 years$9,906$8,104$6,584$5,317$4,271$3,533
20 years$9,312$7,531$6,043$4,815$3,815$3,117
21 years$8,776$7,015$5,558$4,370$3,414$2,755
22 years$8,288$6,548$5,123$3,974$3,060$2,439
23 years$7,844$6,124$4,730$3,619$2,747$2,162
24 years$7,438$5,738$4,374$3,301$2,469$1,918
25 years$7,064$5,385$4,052$3,014$2,222$1,704
26 years$6,720$5,061$3,758$2,756$2,001$1,515
27 years$6,402$4,763$3,489$2,523$1,804$1,348
28 years$6,107$4,488$3,244$2,311$1,628$1,200
29 years$5,833$4,234$3,019$2,120$1,470$1,069
30 years$5,577$3,998$2,812$1,945$1,328$953
31 years$5,339$3,780$2,621$1,787$1,201$849
32 years$5,116$3,576$2,446$1,642$1,086$758
33 years$4,907$3,387$2,284$1,510$983$676
34 years$4,711$3,210$2,134$1,389$890$604
35 years$4,526$3,045$1,995$1,279$806$539
36 years$4,352$2,890$1,866$1,178$730$482
37 years$4,187$2,745$1,747$1,085$662$430
38 years$4,032$2,608$1,636$1,000$600$385
39 years$3,885$2,480$1,532$922$544$344
40 years$3,746$2,360$1,436$851$494$307
41 years$3,614$2,246$1,347$785$448$275
42 years$3,488$2,139$1,263$724$406$246
43 years$3,369$2,038$1,185$669$369$220
44 years$3,256$1,943$1,113$617$335$197
45 years$3,147$1,853$1,045$570$304$176
46 years$3,044$1,768$981$527$276$157
47 years$2,946$1,687$922$487$251$141
48 years$2,851$1,610$866$450$228$126
49 years$2,761$1,538$814$416$207$113
50 years$2,675$1,469$766$384$188$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,740,000, adding $4,218 every year, while hoping to spend $31,616 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: 22/48/30 Blend
50$2,740,000$2,740,000$2,740,000$2,740,000
51$3,023,831$2,878,611$2,836,141$3,061,637
52$3,298,622$2,986,024$2,897,512$3,203,498
53$3,600,383$3,097,640$2,959,880$3,352,255
54$3,931,830$3,213,632$3,023,244$3,510,723
55$4,295,958$3,334,181$3,087,604$3,679,718
56$4,696,063$3,459,474$3,152,956$3,860,135
57$5,135,780$3,589,706$3,219,299$4,052,951
58$5,619,110$3,725,083$3,286,626$4,259,239
59$6,150,464$3,865,816$3,354,932$4,480,172
60$6,734,699$4,012,129$3,424,210$4,717,039
61$7,377,168$4,164,253$3,494,451$4,971,251
62$8,083,769$4,322,431$3,565,645$5,244,356
63$8,860,997$4,486,914$3,637,778$5,538,054
64$9,716,012$4,657,966$3,710,837$5,854,208
65$10,656,702$4,835,863$3,784,806$6,194,864
66$11,691,756$5,020,891$3,859,668$6,562,267
67$12,830,750$5,213,349$3,935,401$6,958,884
68$14,084,234$5,413,551$4,011,985$7,387,423
69$15,463,832$5,621,821$4,089,393$7,850,859
70$16,982,355$5,838,502$4,167,599$8,352,462
71$18,653,915$6,063,949$4,246,574$8,895,821
72$20,494,064$6,298,532$4,326,283$9,484,885
73$22,519,938$6,542,639$4,406,693$10,123,992
74$24,750,418$6,796,675$4,487,764$10,817,912
75$27,206,311$7,061,063$4,569,455$11,571,889
76$29,910,543$7,336,243$4,651,719$12,391,689
77$32,888,376$7,622,676$4,734,509$13,283,653
78$36,167,647$7,920,844$4,817,772$14,254,758
79$39,779,030$8,231,248$4,901,451$15,312,674
80$43,756,326$8,554,415$4,985,484$16,465,842
81$48,136,781$8,890,891$5,069,808$17,723,548
82$52,961,438$9,241,250$5,154,352$19,096,009
83$58,275,523$9,606,090$5,239,041$20,594,469
84$64,128,874$9,986,035$5,323,796$22,231,299
85$70,576,407$10,381,739$5,408,532$24,020,116
86$77,678,640$10,793,884$5,493,157$25,975,908
87$85,502,259$11,223,182$5,577,576$28,115,170
88$94,120,750$11,670,378$5,661,685$30,456,063
89$103,615,091$12,136,251$5,745,375$33,018,577
90$114,074,516$12,621,613$5,828,531$35,824,719
91$125,597,359$13,127,315$5,911,030$38,898,720
92$138,291,980$13,654,244$5,992,740$42,267,256
93$152,277,789$14,203,329$6,073,523$45,959,703
94$167,686,371$14,775,540$6,153,234$50,008,405
95$184,662,731$15,371,891$6,231,717$54,448,980
96$203,366,658$15,993,442$6,308,808$59,320,651
97$223,974,238$16,641,301$6,384,334$64,666,612
98$246,679,513$17,316,628$6,458,112$70,534,434
99$271,696,313$18,020,632$6,529,948$76,976,507
100$299,260,274$18,754,580$6,599,639$84,050,534