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

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$227,918$225,888$223,907$221,974$220,086$214,592
2 years$112,831$110,729$108,693$106,718$104,803$99,302
3 years$74,473$72,363$70,331$68,375$66,491$61,156
4 years$55,298$53,194$51,183$49,261$47,422$42,294
5 years$43,796$41,705$39,720$37,837$36,050$31,142
6 years$36,131$34,055$32,100$30,258$28,525$23,843
7 years$30,658$28,600$26,675$24,877$23,198$18,743
8 years$26,555$24,515$22,623$20,869$19,245$15,014
9 years$23,365$21,345$19,485$17,776$16,207$12,197
10 years$20,815$18,814$16,987$15,323$13,809$10,015
11 years$18,730$16,749$14,955$13,335$11,877$8,293
12 years$16,993$15,033$13,273$11,697$10,292$6,913
13 years$15,525$13,586$11,858$10,327$8,975$5,794
14 years$14,268$12,349$10,655$9,167$7,867$4,877
15 years$13,179$11,281$9,620$8,175$6,927$4,120
16 years$12,228$10,350$8,722$7,320$6,122$3,491
17 years$11,389$9,532$7,936$6,577$5,428$2,965
18 years$10,644$8,808$7,245$5,927$4,827$2,524
19 years$9,979$8,163$6,632$5,356$4,302$2,152
20 years$9,380$7,586$6,087$4,851$3,843$1,838
21 years$8,840$7,066$5,599$4,402$3,439$1,571
22 years$8,349$6,596$5,160$4,003$3,082$1,345
23 years$7,901$6,169$4,764$3,645$2,767$1,152
24 years$7,492$5,780$4,406$3,325$2,487$988
25 years$7,116$5,424$4,081$3,036$2,238$848
26 years$6,769$5,098$3,785$2,776$2,016$728
27 years$6,449$4,798$3,515$2,541$1,817$625
28 years$6,151$4,521$3,267$2,328$1,640$537
29 years$5,875$4,265$3,041$2,135$1,481$461
30 years$5,618$4,028$2,832$1,959$1,338$397
31 years$5,378$3,807$2,640$1,800$1,210$341
32 years$5,153$3,603$2,464$1,654$1,094$293
33 years$4,943$3,412$2,300$1,521$990$252
34 years$4,745$3,234$2,149$1,399$897$217
35 years$4,559$3,067$2,009$1,288$812$187
36 years$4,384$2,911$1,880$1,186$736$161
37 years$4,218$2,765$1,759$1,093$667$138
38 years$4,062$2,628$1,648$1,008$605$119
39 years$3,914$2,499$1,544$929$548$103
40 years$3,773$2,377$1,447$857$497$88
41 years$3,640$2,263$1,357$791$451$76
42 years$3,514$2,155$1,273$730$409$66
43 years$3,394$2,053$1,194$673$372$56
44 years$3,279$1,957$1,121$622$337$49
45 years$3,170$1,866$1,052$574$306$42
46 years$3,066$1,780$989$530$278$36
47 years$2,967$1,699$929$490$252$31
48 years$2,872$1,622$873$453$229$27
49 years$2,782$1,549$820$419$208$23
50 years$2,695$1,480$771$387$189$20

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 $5,650 every year, while hoping to spend $37,267 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: 78/9/13 Blend
50$2,760,000$2,760,000$2,760,000$2,760,000
51$3,047,348$2,901,068$2,858,288$3,276,779
52$3,318,526$3,003,569$2,914,389$3,531,104
53$3,616,114$3,109,843$2,971,120$3,804,665
54$3,942,769$3,220,036$3,028,463$4,103,666
55$4,301,413$3,334,299$3,086,399$4,430,631
56$4,695,268$3,452,791$3,144,904$4,788,341
57$5,127,883$3,575,675$3,203,955$5,179,859
58$5,603,165$3,703,121$3,263,526$5,608,558
59$6,125,422$3,835,308$3,323,588$6,078,151
60$6,699,397$3,972,420$3,384,111$6,592,731
61$7,330,317$4,114,650$3,445,060$7,156,802
62$8,023,940$4,262,198$3,506,399$7,775,330
63$8,786,608$4,415,273$3,568,091$8,453,780
64$9,625,312$4,574,091$3,630,092$9,198,176
65$10,547,752$4,738,880$3,692,358$10,015,152
66$11,562,412$4,909,873$3,754,840$10,912,016
67$12,678,638$5,087,318$3,817,488$11,896,819
68$13,906,731$5,271,468$3,880,245$12,978,432
69$15,258,037$5,462,590$3,943,054$14,166,624
70$16,745,061$5,660,960$4,005,850$15,472,162
71$18,381,578$5,866,869$4,068,567$16,906,906
72$20,182,768$6,080,615$4,131,133$18,483,922
73$22,165,358$6,302,512$4,193,473$20,217,607
74$24,347,776$6,532,886$4,255,506$22,123,821
75$26,750,329$6,772,077$4,317,145$24,220,042
76$29,395,393$7,020,440$4,378,301$26,525,523
77$32,307,625$7,278,344$4,438,876$29,061,481
78$35,514,193$7,546,172$4,498,768$31,851,290
79$39,045,033$7,824,327$4,557,869$34,920,707
80$42,933,133$8,113,226$4,616,064$38,298,111
81$47,214,843$8,413,304$4,673,232$42,014,771
82$51,930,216$8,725,016$4,729,245$46,105,143
83$57,123,391$9,048,834$4,783,968$50,607,192
84$62,843,003$9,385,253$4,837,257$55,562,751
85$69,142,645$9,734,787$4,888,961$61,017,916
86$76,081,376$10,097,972$4,938,922$67,023,479
87$83,724,271$10,475,367$4,986,971$73,635,408
88$92,143,044$10,867,557$5,032,931$80,915,377
89$101,416,716$11,275,150$5,076,617$88,931,342
90$111,632,369$11,698,779$5,117,831$97,758,188
91$122,885,959$12,139,108$5,156,366$107,478,431
92$135,283,228$12,596,826$5,192,006$118,182,999
93$148,940,701$13,072,653$5,224,522$129,972,089
94$163,986,780$13,567,342$5,253,671$142,956,111
95$180,562,966$14,081,675$5,279,203$157,256,731
96$198,825,182$14,616,471$5,300,850$173,008,019
97$218,945,255$15,172,583$5,318,333$190,357,712
98$241,112,533$15,750,901$5,331,359$209,468,612
99$265,535,671$16,352,355$5,339,620$230,520,117
100$292,444,604$16,977,915$5,342,791$253,709,919