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%11.3%
1 years$226,267$224,251$222,285$220,366$218,491$217,297
2 years$112,013$109,927$107,905$105,945$104,044$102,838
3 years$73,934$71,839$69,822$67,880$66,010$64,830
4 years$54,898$52,809$50,812$48,904$47,079$45,935
5 years$43,479$41,403$39,433$37,563$35,788$34,684
6 years$35,869$33,809$31,867$30,039$28,318$27,254
7 years$30,436$28,392$26,482$24,697$23,030$22,007
8 years$26,362$24,337$22,459$20,718$19,106$18,124
9 years$23,196$21,190$19,344$17,647$16,090$15,148
10 years$20,664$18,678$16,864$15,212$13,709$12,808
11 years$18,594$16,628$14,847$13,239$11,790$10,929
12 years$16,870$14,924$13,176$11,612$10,217$9,395
13 years$15,413$13,487$11,772$10,252$8,910$8,125
14 years$14,165$12,260$10,577$9,100$7,810$7,063
15 years$13,084$11,199$9,550$8,116$6,877$6,166
16 years$12,139$10,275$8,658$7,267$6,078$5,402
17 years$11,307$9,463$7,879$6,529$5,389$4,748
18 years$10,567$8,744$7,192$5,884$4,792$4,184
19 years$9,906$8,104$6,584$5,317$4,271$3,695
20 years$9,312$7,531$6,043$4,815$3,815$3,270
21 years$8,776$7,015$5,558$4,370$3,414$2,899
22 years$8,288$6,548$5,123$3,974$3,060$2,574
23 years$7,844$6,124$4,730$3,619$2,747$2,288
24 years$7,438$5,738$4,374$3,301$2,469$2,036
25 years$7,064$5,385$4,052$3,014$2,222$1,814
26 years$6,720$5,061$3,758$2,756$2,001$1,618
27 years$6,402$4,763$3,489$2,523$1,804$1,444
28 years$6,107$4,488$3,244$2,311$1,628$1,290
29 years$5,833$4,234$3,019$2,120$1,470$1,153
30 years$5,577$3,998$2,812$1,945$1,328$1,031
31 years$5,339$3,780$2,621$1,787$1,201$922
32 years$5,116$3,576$2,446$1,642$1,086$825
33 years$4,907$3,387$2,284$1,510$983$739
34 years$4,711$3,210$2,134$1,389$890$662
35 years$4,526$3,045$1,995$1,279$806$593
36 years$4,352$2,890$1,866$1,178$730$532
37 years$4,187$2,745$1,747$1,085$662$477
38 years$4,032$2,608$1,636$1,000$600$427
39 years$3,885$2,480$1,532$922$544$383
40 years$3,746$2,360$1,436$851$494$344
41 years$3,614$2,246$1,347$785$448$308
42 years$3,488$2,139$1,263$724$406$277
43 years$3,369$2,038$1,185$669$369$248
44 years$3,256$1,943$1,113$617$335$223
45 years$3,147$1,853$1,045$570$304$200
46 years$3,044$1,768$981$527$276$180
47 years$2,946$1,687$922$487$251$161
48 years$2,851$1,610$866$450$228$145
49 years$2,761$1,538$814$416$207$130
50 years$2,675$1,469$766$384$188$117

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 $6,559 every year, while hoping to spend $54,566 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: 33/48/19 Blend
50$2,740,000$2,740,000$2,740,000$2,740,000
51$3,026,246$2,881,026$2,838,556$3,108,142
52$3,276,865$2,964,138$2,875,589$3,252,522
53$3,551,218$3,049,494$2,912,035$3,402,545
54$3,851,670$3,137,146$2,947,815$3,563,087
55$4,180,821$3,227,148$2,982,848$3,735,107
56$4,541,539$3,319,552$3,017,047$3,919,656
57$4,936,979$3,414,413$3,050,322$4,117,892
58$5,370,619$3,511,788$3,082,576$4,331,089
59$5,846,288$3,611,730$3,113,707$4,560,646
60$6,368,202$3,714,298$3,143,609$4,808,107
61$6,941,007$3,819,548$3,172,169$5,075,166
62$7,569,822$3,927,537$3,199,268$5,363,690
63$8,260,281$4,038,324$3,224,782$5,675,734
64$9,018,595$4,151,967$3,248,577$6,013,560
65$9,851,603$4,268,525$3,270,516$6,379,658
66$10,766,842$4,388,058$3,290,453$6,776,770
67$11,772,611$4,510,624$3,308,235$7,207,914
68$12,878,057$4,636,285$3,323,701$7,676,414
69$14,093,255$4,765,098$3,336,680$8,185,933
70$15,429,304$4,897,125$3,346,996$8,740,502
71$16,898,434$5,032,425$3,354,462$9,344,561
72$18,514,119$5,171,059$3,358,881$10,003,003
73$20,291,203$5,313,084$3,360,047$10,721,215
74$22,246,041$5,458,562$3,357,745$11,505,133
75$24,396,655$5,607,549$3,351,747$12,361,295
76$26,762,900$5,760,105$3,341,816$13,296,906
77$29,366,652$5,916,286$3,327,703$14,319,900
78$32,232,015$6,076,148$3,309,146$15,439,020
79$35,385,549$6,239,748$3,285,871$16,663,900
80$38,856,519$6,407,140$3,257,591$18,005,153
81$42,677,169$6,578,375$3,224,006$19,474,474
82$46,883,030$6,753,505$3,184,800$21,084,746
83$51,513,252$6,932,580$3,139,644$22,850,167
84$56,610,974$7,115,646$3,088,191$24,786,383
85$62,223,729$7,302,748$3,030,082$26,910,630
86$68,403,896$7,493,930$2,964,936$29,241,904
87$75,209,190$7,689,229$2,892,358$31,801,136
88$82,703,209$7,888,683$2,811,934$34,611,392
89$90,956,033$8,092,325$2,723,230$37,698,088
90$100,044,883$8,300,184$2,625,793$41,089,234
91$110,054,853$8,512,285$2,519,149$44,815,693
92$121,079,710$8,728,649$2,402,803$48,911,479
93$133,222,779$8,949,291$2,276,235$53,414,074
94$146,597,919$9,174,223$2,138,905$58,364,782
95$161,330,595$9,403,448$1,990,247$63,809,123
96$177,559,064$9,636,965$1,829,669$69,797,258
97$195,435,679$9,874,767$1,656,553$76,384,466
98$215,128,324$10,116,836$1,470,253$83,631,667
99$236,822,003$10,363,151$1,270,096$91,605,995
100$260,720,581$10,613,679$1,055,378$100,381,433