Can I retire at age 51 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$227,092$225,070$223,096$221,170$219,289$218,273
2 years$112,422$110,328$108,299$106,332$104,423$103,398
3 years$74,204$72,101$70,077$68,128$66,250$65,247
4 years$55,098$53,002$50,998$49,082$47,250$46,277
5 years$43,638$41,554$39,576$37,700$35,919$34,979
6 years$36,000$33,932$31,984$30,149$28,421$27,515
7 years$30,547$28,496$26,579$24,787$23,114$22,242
8 years$26,458$24,426$22,541$20,793$19,175$18,338
9 years$23,280$21,268$19,414$17,711$16,149$15,346
10 years$20,740$18,746$16,926$15,267$13,759$12,990
11 years$18,662$16,689$14,901$13,287$11,834$11,098
12 years$16,932$14,979$13,224$11,655$10,255$9,552
13 years$15,469$13,537$11,815$10,289$8,942$8,272
14 years$14,216$12,304$10,616$9,134$7,839$7,200
15 years$13,132$11,240$9,585$8,146$6,902$6,294
16 years$12,184$10,313$8,690$7,293$6,100$5,522
17 years$11,348$9,498$7,908$6,553$5,409$4,859
18 years$10,606$8,776$7,219$5,906$4,809$4,288
19 years$9,943$8,134$6,608$5,336$4,286$3,792
20 years$9,346$7,558$6,065$4,833$3,829$3,361
21 years$8,808$7,040$5,578$4,386$3,426$2,984
22 years$8,319$6,572$5,141$3,988$3,071$2,653
23 years$7,873$6,146$4,747$3,632$2,757$2,362
24 years$7,465$5,759$4,390$3,313$2,478$2,106
25 years$7,090$5,404$4,066$3,025$2,230$1,879
26 years$6,744$5,079$3,771$2,766$2,008$1,678
27 years$6,425$4,780$3,502$2,532$1,811$1,500
28 years$6,129$4,504$3,256$2,320$1,634$1,342
29 years$5,854$4,249$3,030$2,127$1,475$1,201
30 years$5,598$4,013$2,822$1,952$1,333$1,076
31 years$5,359$3,794$2,631$1,793$1,205$964
32 years$5,135$3,590$2,455$1,648$1,090$864
33 years$4,925$3,399$2,292$1,515$987$775
34 years$4,728$3,222$2,141$1,394$893$696
35 years$4,542$3,056$2,002$1,284$809$624
36 years$4,368$2,900$1,873$1,182$733$560
37 years$4,203$2,755$1,753$1,089$664$503
38 years$4,047$2,618$1,642$1,004$602$452
39 years$3,899$2,489$1,538$926$546$406
40 years$3,760$2,369$1,442$854$495$365
41 years$3,627$2,255$1,352$788$449$328
42 years$3,501$2,147$1,268$727$408$295
43 years$3,381$2,046$1,190$671$370$265
44 years$3,267$1,950$1,117$620$336$238
45 years$3,159$1,860$1,049$572$305$214
46 years$3,055$1,774$985$529$277$193
47 years$2,956$1,693$925$488$251$173
48 years$2,862$1,616$870$451$228$156
49 years$2,771$1,543$817$417$207$140
50 years$2,685$1,474$768$385$188$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,750,000, adding $3,985 every year, while hoping to spend $42,217 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: 58/15/27 Blend
50$2,750,000$2,750,000$2,750,000$2,750,000
51$3,034,611$2,888,861$2,846,236$3,188,081
52$3,299,222$2,985,496$2,896,666$3,390,193
53$3,589,409$3,085,452$2,947,371$3,605,653
54$3,907,736$3,188,846$2,998,315$3,839,709
55$4,257,027$3,295,801$3,049,460$4,094,177
56$4,640,392$3,406,444$3,100,765$4,371,052
57$5,061,259$3,520,906$3,152,188$4,672,534
58$5,523,402$3,639,325$3,203,680$5,001,044
59$6,030,979$3,761,843$3,255,194$5,359,249
60$6,588,571$3,888,605$3,306,675$5,750,084
61$7,201,224$4,019,766$3,358,068$6,176,783
62$7,874,497$4,155,482$3,409,311$6,642,908
63$8,614,515$4,295,920$3,460,342$7,152,381
64$9,428,024$4,441,249$3,511,092$7,709,523
65$10,322,458$4,591,646$3,561,489$8,319,093
66$11,306,007$4,747,294$3,611,457$8,986,333
67$12,387,694$4,908,386$3,660,915$9,717,017
68$13,577,460$5,075,117$3,709,777$10,517,508
69$14,886,257$5,247,695$3,757,951$11,394,812
70$16,326,155$5,426,332$3,805,342$12,356,651
71$17,910,450$5,611,249$3,851,848$13,411,530
72$19,653,792$5,802,676$3,897,361$14,568,818
73$21,572,324$6,000,852$3,941,768$15,838,841
74$23,683,832$6,206,025$3,984,948$17,232,970
75$26,007,915$6,418,453$4,026,776$18,763,740
76$28,566,167$6,638,401$4,067,117$20,444,956
77$31,382,381$6,866,149$4,105,831$22,291,832
78$34,482,778$7,101,983$4,142,770$24,321,130
79$37,896,246$7,346,205$4,177,777$26,551,318
80$41,654,618$7,599,125$4,210,689$29,002,747
81$45,792,973$7,861,065$4,241,330$31,697,840
82$50,349,962$8,132,363$4,269,520$34,661,302
83$55,368,175$8,413,367$4,295,067$37,920,360
84$60,894,546$8,704,439$4,317,769$41,505,009
85$66,980,790$9,005,956$4,337,414$45,448,307
86$73,683,893$9,318,310$4,353,780$49,786,675
87$81,066,651$9,641,908$4,366,632$54,560,250
88$89,198,261$9,977,173$4,375,726$59,813,258
89$98,154,973$10,324,545$4,380,802$65,594,432
90$108,020,813$10,684,480$4,381,592$71,957,475
91$118,888,370$11,057,453$4,377,809$78,961,563
92$130,859,675$11,443,960$4,369,157$86,671,903
93$144,047,161$11,844,514$4,355,323$95,160,353
94$158,574,725$12,259,648$4,335,980$104,506,095
95$174,578,894$12,689,918$4,310,783$114,796,386
96$192,210,120$13,135,903$4,279,373$126,127,376
97$211,634,192$13,598,202$4,241,372$138,605,024
98$233,033,807$14,077,441$4,196,385$152,346,088
99$256,610,290$14,574,270$4,143,998$167,479,236
100$282,585,496$15,089,365$4,083,778$184,146,254