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

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$227,092$225,070$223,096$221,170$219,289$215,567
2 years$112,422$110,328$108,299$106,332$104,423$100,685
3 years$74,204$72,101$70,077$68,128$66,250$62,612
4 years$55,098$53,002$50,998$49,082$47,250$43,740
5 years$43,638$41,554$39,576$37,700$35,919$32,547
6 years$36,000$33,932$31,984$30,149$28,421$25,192
7 years$30,547$28,496$26,579$24,787$23,114$20,027
8 years$26,458$24,426$22,541$20,793$19,175$16,231
9 years$23,280$21,268$19,414$17,711$16,149$13,345
10 years$20,740$18,746$16,926$15,267$13,759$11,094
11 years$18,662$16,689$14,901$13,287$11,834$9,303
12 years$16,932$14,979$13,224$11,655$10,255$7,856
13 years$15,469$13,537$11,815$10,289$8,942$6,672
14 years$14,216$12,304$10,616$9,134$7,839$5,693
15 years$13,132$11,240$9,585$8,146$6,902$4,877
16 years$12,184$10,313$8,690$7,293$6,100$4,191
17 years$11,348$9,498$7,908$6,553$5,409$3,612
18 years$10,606$8,776$7,219$5,906$4,809$3,120
19 years$9,943$8,134$6,608$5,336$4,286$2,700
20 years$9,346$7,558$6,065$4,833$3,829$2,340
21 years$8,808$7,040$5,578$4,386$3,426$2,032
22 years$8,319$6,572$5,141$3,988$3,071$1,766
23 years$7,873$6,146$4,747$3,632$2,757$1,537
24 years$7,465$5,759$4,390$3,313$2,478$1,339
25 years$7,090$5,404$4,066$3,025$2,230$1,167
26 years$6,744$5,079$3,771$2,766$2,008$1,018
27 years$6,425$4,780$3,502$2,532$1,811$888
28 years$6,129$4,504$3,256$2,320$1,634$776
29 years$5,854$4,249$3,030$2,127$1,475$678
30 years$5,598$4,013$2,822$1,952$1,333$592
31 years$5,359$3,794$2,631$1,793$1,205$518
32 years$5,135$3,590$2,455$1,648$1,090$453
33 years$4,925$3,399$2,292$1,515$987$396
34 years$4,728$3,222$2,141$1,394$893$347
35 years$4,542$3,056$2,002$1,284$809$303
36 years$4,368$2,900$1,873$1,182$733$266
37 years$4,203$2,755$1,753$1,089$664$233
38 years$4,047$2,618$1,642$1,004$602$204
39 years$3,899$2,489$1,538$926$546$178
40 years$3,760$2,369$1,442$854$495$156
41 years$3,627$2,255$1,352$788$449$137
42 years$3,501$2,147$1,268$727$408$120
43 years$3,381$2,046$1,190$671$370$105
44 years$3,267$1,950$1,117$620$336$92
45 years$3,159$1,860$1,049$572$305$81
46 years$3,055$1,774$985$529$277$71
47 years$2,956$1,693$925$488$251$62
48 years$2,862$1,616$870$451$228$54
49 years$2,771$1,543$817$417$207$47
50 years$2,685$1,474$768$385$188$42

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 $6,193 every year, while hoping to spend $23,301 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: 32/38/30 Blend
50$2,750,000$2,750,000$2,750,000$2,750,000
51$3,036,888$2,891,138$2,848,513$3,106,184
52$3,321,859$3,008,012$2,919,146$3,277,075
53$3,635,115$3,129,831$2,991,365$3,458,541
54$3,979,518$3,256,814$3,065,197$3,653,550
55$4,358,220$3,389,189$3,140,671$3,863,314
56$4,774,691$3,527,192$3,217,817$4,089,162
57$5,232,759$3,671,074$3,296,663$4,332,549
58$5,736,638$3,821,094$3,377,239$4,595,076
59$6,290,972$3,977,524$3,459,573$4,878,498
60$6,900,877$4,140,650$3,543,695$5,184,742
61$7,571,992$4,310,767$3,629,634$5,515,923
62$8,310,529$4,488,188$3,717,420$5,874,365
63$9,123,331$4,673,237$3,807,082$6,262,621
64$10,017,940$4,866,255$3,898,649$6,683,495
65$11,002,667$5,067,598$3,992,150$7,140,067
66$12,086,667$5,277,639$4,087,615$7,635,726
67$13,280,029$5,496,765$4,185,073$8,174,192
68$14,593,871$5,725,386$4,284,551$8,759,558
69$16,040,441$5,963,926$4,386,080$9,396,321
70$17,633,239$6,212,831$4,489,687$10,089,428
71$19,387,138$6,472,568$4,595,399$10,844,319
72$21,318,526$6,743,624$4,703,245$11,666,976
73$23,445,464$7,026,510$4,813,252$12,563,980
74$25,787,852$7,321,759$4,925,447$13,542,570
75$28,367,618$7,629,930$5,039,854$14,610,709
76$31,208,927$7,951,608$5,156,501$15,777,159
77$34,338,405$8,287,405$5,275,411$17,051,562
78$37,785,394$8,637,960$5,396,610$18,444,528
79$41,582,227$9,003,942$5,520,119$19,967,732
80$45,764,533$9,386,054$5,645,961$21,634,026
81$50,371,572$9,785,028$5,774,158$23,457,553
82$55,446,610$10,201,632$5,904,730$25,453,883
83$61,037,322$10,636,670$6,037,696$27,640,154
84$67,196,244$11,090,982$6,173,074$30,035,233
85$73,981,269$11,565,448$6,310,880$32,659,892
86$81,456,194$12,060,990$6,451,130$35,537,000
87$89,691,319$12,578,571$6,593,836$38,691,736
88$98,764,114$13,119,202$6,739,010$42,151,826
89$108,759,949$13,683,939$6,886,663$45,947,799
90$119,772,900$14,273,887$7,036,802$50,113,272
91$131,906,633$14,890,206$7,189,432$54,685,267
92$145,275,390$15,534,106$7,344,558$59,704,554
93$160,005,059$16,206,857$7,502,181$65,216,034
94$176,234,370$16,909,787$7,662,298$71,269,155
95$194,116,197$17,644,288$7,824,907$77,918,382
96$213,819,008$18,411,817$7,989,999$85,223,702
97$235,528,448$19,213,897$8,157,566$93,251,186
98$259,449,097$20,052,126$8,327,592$102,073,609
99$285,806,401$20,928,176$8,500,062$111,771,133
100$314,848,795$21,843,797$8,674,955$122,432,059