Can I retire at age 51 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$227,918$225,888$223,907$221,974$220,086$211,856
2 years$112,831$110,729$108,693$106,718$104,803$96,606
3 years$74,473$72,363$70,331$68,375$66,491$58,585
4 years$55,298$53,194$51,183$49,261$47,422$39,866
5 years$43,796$41,705$39,720$37,837$36,050$28,864
6 years$36,131$34,055$32,100$30,258$28,525$21,715
7 years$30,658$28,600$26,675$24,877$23,198$16,762
8 years$26,555$24,515$22,623$20,869$19,245$13,176
9 years$23,365$21,345$19,485$17,776$16,207$10,497
10 years$20,815$18,814$16,987$15,323$13,809$8,448
11 years$18,730$16,749$14,955$13,335$11,877$6,852
12 years$16,993$15,033$13,273$11,697$10,292$5,592
13 years$15,525$13,586$11,858$10,327$8,975$4,586
14 years$14,268$12,349$10,655$9,167$7,867$3,776
15 years$13,179$11,281$9,620$8,175$6,927$3,118
16 years$12,228$10,350$8,722$7,320$6,122$2,582
17 years$11,389$9,532$7,936$6,577$5,428$2,142
18 years$10,644$8,808$7,245$5,927$4,827$1,781
19 years$9,979$8,163$6,632$5,356$4,302$1,482
20 years$9,380$7,586$6,087$4,851$3,843$1,235
21 years$8,840$7,066$5,599$4,402$3,439$1,030
22 years$8,349$6,596$5,160$4,003$3,082$860
23 years$7,901$6,169$4,764$3,645$2,767$719
24 years$7,492$5,780$4,406$3,325$2,487$601
25 years$7,116$5,424$4,081$3,036$2,238$502
26 years$6,769$5,098$3,785$2,776$2,016$420
27 years$6,449$4,798$3,515$2,541$1,817$352
28 years$6,151$4,521$3,267$2,328$1,640$294
29 years$5,875$4,265$3,041$2,135$1,481$246
30 years$5,618$4,028$2,832$1,959$1,338$206
31 years$5,378$3,807$2,640$1,800$1,210$173
32 years$5,153$3,603$2,464$1,654$1,094$145
33 years$4,943$3,412$2,300$1,521$990$121
34 years$4,745$3,234$2,149$1,399$897$102
35 years$4,559$3,067$2,009$1,288$812$85
36 years$4,384$2,911$1,880$1,186$736$71
37 years$4,218$2,765$1,759$1,093$667$60
38 years$4,062$2,628$1,648$1,008$605$50
39 years$3,914$2,499$1,544$929$548$42
40 years$3,773$2,377$1,447$857$497$35
41 years$3,640$2,263$1,357$791$451$29
42 years$3,514$2,155$1,273$730$409$25
43 years$3,394$2,053$1,194$673$372$21
44 years$3,279$1,957$1,121$622$337$17
45 years$3,170$1,866$1,052$574$306$15
46 years$3,066$1,780$989$530$278$12
47 years$2,967$1,699$929$490$252$10
48 years$2,872$1,622$873$453$229$9
49 years$2,782$1,549$820$419$208$7
50 years$2,695$1,480$771$387$189$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,760,000, adding $5,270 every year, while hoping to spend $30,239 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: 41/36/23 Blend
50$2,760,000$2,760,000$2,760,000$2,760,000
51$3,046,956$2,900,676$2,857,896$3,151,058
52$3,325,571$3,010,635$2,921,461$3,336,103
53$3,631,592$3,124,969$2,986,143$3,532,989
54$3,967,782$3,243,859$3,051,946$3,745,496
55$4,337,184$3,367,497$3,118,875$3,975,072
56$4,743,153$3,496,081$3,186,933$4,223,308
57$5,189,384$3,629,818$3,256,125$4,491,952
58$5,679,947$3,768,924$3,326,450$4,782,927
59$6,219,326$3,913,626$3,397,911$5,098,343
60$6,812,463$4,064,160$3,470,507$5,440,523
61$7,464,801$4,220,770$3,544,236$5,812,017
62$8,182,337$4,383,715$3,619,094$6,215,633
63$8,971,681$4,553,262$3,695,079$6,654,457
64$9,840,112$4,729,691$3,772,183$7,131,882
65$10,795,652$4,913,295$3,850,401$7,651,642
66$11,847,141$5,104,379$3,929,721$8,217,843
67$13,004,317$5,303,261$4,010,134$8,835,004
68$14,277,911$5,510,274$4,091,628$9,508,095
69$15,679,747$5,725,767$4,174,186$10,242,588
70$17,222,853$5,950,102$4,257,794$11,044,501
71$18,921,585$6,183,657$4,342,431$11,920,460
72$20,791,760$6,426,831$4,428,076$12,877,756
73$22,850,809$6,680,035$4,514,706$13,924,414
74$25,117,938$6,943,702$4,602,294$15,069,270
75$27,614,308$7,218,284$4,690,812$16,322,048
76$30,363,239$7,504,252$4,780,226$17,693,457
77$33,390,428$7,802,099$4,870,502$19,195,283
78$36,724,190$8,112,340$4,961,602$20,840,505
79$40,395,725$8,435,512$5,053,484$22,643,414
80$44,439,416$8,772,179$5,146,102$24,619,747
81$48,893,148$9,122,927$5,239,408$26,786,830
82$53,798,669$9,488,371$5,333,348$29,163,746
83$59,201,984$9,869,152$5,427,866$31,771,509
84$65,153,786$10,265,940$5,522,899$34,633,264
85$71,709,937$10,679,436$5,618,382$37,774,497
86$78,931,996$11,110,374$5,714,243$41,223,283
87$86,887,796$11,559,518$5,810,406$45,010,541
88$95,652,086$12,027,669$5,906,789$49,170,328
89$105,307,238$12,515,665$6,003,307$53,740,156
90$115,944,024$13,024,380$6,099,864$58,761,346
91$127,662,468$13,554,728$6,196,363$64,279,414
92$140,572,796$14,107,666$6,292,698$70,344,497
93$154,796,473$14,684,194$6,388,755$77,011,827
94$170,467,351$15,285,357$6,484,416$84,342,249
95$187,732,930$15,912,248$6,579,553$92,402,787
96$206,755,752$16,566,012$6,674,032$101,267,282
97$227,714,935$17,247,843$6,767,708$111,017,081
98$250,807,863$17,958,992$6,860,431$121,741,801
99$276,252,049$18,700,766$6,952,039$133,540,175
100$304,287,187$19,474,533$7,042,362$146,520,980