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

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$226,267$224,251$222,285$220,366$218,491$210,739
2 years$112,013$109,927$107,905$105,945$104,044$96,316
3 years$73,934$71,839$69,822$67,880$66,010$58,549
4 years$54,898$52,809$50,812$48,904$47,079$39,943
5 years$43,479$41,403$39,433$37,563$35,788$28,996
6 years$35,869$33,809$31,867$30,039$28,318$21,874
7 years$30,436$28,392$26,482$24,697$23,030$16,933
8 years$26,362$24,337$22,459$20,718$19,106$13,350
9 years$23,196$21,190$19,344$17,647$16,090$10,669
10 years$20,664$18,678$16,864$15,212$13,709$8,613
11 years$18,594$16,628$14,847$13,239$11,790$7,009
12 years$16,870$14,924$13,176$11,612$10,217$5,739
13 years$15,413$13,487$11,772$10,252$8,910$4,723
14 years$14,165$12,260$10,577$9,100$7,810$3,902
15 years$13,084$11,199$9,550$8,116$6,877$3,234
16 years$12,139$10,275$8,658$7,267$6,078$2,687
17 years$11,307$9,463$7,879$6,529$5,389$2,238
18 years$10,567$8,744$7,192$5,884$4,792$1,867
19 years$9,906$8,104$6,584$5,317$4,271$1,560
20 years$9,312$7,531$6,043$4,815$3,815$1,305
21 years$8,776$7,015$5,558$4,370$3,414$1,093
22 years$8,288$6,548$5,123$3,974$3,060$916
23 years$7,844$6,124$4,730$3,619$2,747$768
24 years$7,438$5,738$4,374$3,301$2,469$645
25 years$7,064$5,385$4,052$3,014$2,222$541
26 years$6,720$5,061$3,758$2,756$2,001$455
27 years$6,402$4,763$3,489$2,523$1,804$382
28 years$6,107$4,488$3,244$2,311$1,628$321
29 years$5,833$4,234$3,019$2,120$1,470$270
30 years$5,577$3,998$2,812$1,945$1,328$227
31 years$5,339$3,780$2,621$1,787$1,201$191
32 years$5,116$3,576$2,446$1,642$1,086$161
33 years$4,907$3,387$2,284$1,510$983$135
34 years$4,711$3,210$2,134$1,389$890$114
35 years$4,526$3,045$1,995$1,279$806$96
36 years$4,352$2,890$1,866$1,178$730$80
37 years$4,187$2,745$1,747$1,085$662$68
38 years$4,032$2,608$1,636$1,000$600$57
39 years$3,885$2,480$1,532$922$544$48
40 years$3,746$2,360$1,436$851$494$40
41 years$3,614$2,246$1,347$785$448$34
42 years$3,488$2,139$1,263$724$406$29
43 years$3,369$2,038$1,185$669$369$24
44 years$3,256$1,943$1,113$617$335$20
45 years$3,147$1,853$1,045$570$304$17
46 years$3,044$1,768$981$527$276$14
47 years$2,946$1,687$922$487$251$12
48 years$2,851$1,610$866$450$228$10
49 years$2,761$1,538$814$416$207$9
50 years$2,675$1,469$766$384$188$7

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 $3,434 every year, while hoping to spend $32,070 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: 66/21/13 Blend
50$2,740,000$2,740,000$2,740,000$2,740,000
51$3,023,022$2,877,802$2,835,332$3,213,306
52$3,297,248$2,984,692$2,896,194$3,447,567
53$3,598,370$3,095,745$2,958,019$3,699,438
54$3,929,098$3,211,131$3,020,807$3,973,928
55$4,292,417$3,331,027$3,084,554$4,273,248
56$4,691,615$3,455,618$3,149,258$4,599,828
57$5,130,313$3,585,097$3,214,912$4,956,346
58$5,612,504$3,719,666$3,281,511$5,345,748
59$6,142,584$3,859,534$3,349,046$5,771,277
60$6,725,396$4,004,920$3,417,507$6,236,503
61$7,366,278$4,156,052$3,486,885$6,745,356
62$8,071,109$4,313,169$3,557,166$7,302,164
63$8,846,366$4,476,519$3,628,336$7,911,691
64$9,699,189$4,646,362$3,700,378$8,579,183
65$10,637,439$4,822,967$3,773,274$9,310,418
66$11,669,783$5,006,617$3,847,003$10,111,756
67$12,805,766$5,197,606$3,921,544$10,990,203
68$14,055,908$5,396,243$3,996,869$11,953,475
69$15,431,799$5,602,847$4,072,953$13,010,068
70$16,946,210$5,817,754$4,149,764$14,169,340
71$18,613,213$6,041,313$4,227,270$15,441,599
72$20,448,312$6,273,889$4,305,435$16,838,198
73$22,468,592$6,515,862$4,384,220$18,371,642
74$24,692,880$6,767,631$4,463,582$20,055,705
75$27,141,918$7,029,609$4,543,477$21,905,559
76$29,838,565$7,302,231$4,623,855$23,937,919
77$32,808,007$7,585,949$4,704,662$26,171,196
78$36,077,999$7,881,235$4,785,843$28,625,674
79$39,679,122$8,188,583$4,867,336$31,323,694
80$43,645,076$8,508,508$4,949,076$34,289,874
81$48,012,997$8,841,547$5,030,993$37,551,331
82$52,823,803$9,188,264$5,113,011$41,137,941
83$58,122,585$9,549,243$5,195,052$45,082,618
84$63,959,033$9,925,100$5,277,030$49,421,625
85$70,387,898$10,316,474$5,358,855$54,194,914
86$77,469,517$10,724,034$5,440,430$59,446,504
87$85,270,375$11,148,480$5,521,652$65,224,891
88$93,863,739$11,590,540$5,602,412$71,583,509
89$103,330,343$12,050,979$5,682,595$78,581,231
90$113,759,154$12,530,593$5,762,078$86,282,925
91$125,248,211$13,030,216$5,840,731$94,760,061
92$137,905,549$13,550,717$5,918,416$104,091,390
93$151,850,219$14,093,006$5,994,987$114,363,681
94$167,213,412$14,658,034$6,070,290$125,672,540
95$184,139,696$15,246,794$6,144,161$138,123,312
96$202,788,383$15,860,325$6,216,428$151,832,073
97$223,335,029$16,499,711$6,286,909$166,926,724
98$245,973,092$17,166,088$6,355,412$183,548,196
99$270,915,762$17,860,641$6,421,732$201,851,779
100$298,397,967$18,584,609$6,485,657$222,008,587