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%17%
1 years$227,918$225,888$223,907$221,974$220,086$213,813
2 years$112,831$110,729$108,693$106,718$104,803$98,531
3 years$74,473$72,363$70,331$68,375$66,491$60,418
4 years$55,298$53,194$51,183$49,261$47,422$41,594
5 years$43,796$41,705$39,720$37,837$36,050$30,482
6 years$36,131$34,055$32,100$30,258$28,525$23,223
7 years$30,658$28,600$26,675$24,877$23,198$18,163
8 years$26,555$24,515$22,623$20,869$19,245$14,473
9 years$23,365$21,345$19,485$17,776$16,207$11,694
10 years$20,815$18,814$16,987$15,323$13,809$9,548
11 years$18,730$16,749$14,955$13,335$11,877$7,861
12 years$16,993$15,033$13,273$11,697$10,292$6,514
13 years$15,525$13,586$11,858$10,327$8,975$5,426
14 years$14,268$12,349$10,655$9,167$7,867$4,539
15 years$13,179$11,281$9,620$8,175$6,927$3,811
16 years$12,228$10,350$8,722$7,320$6,122$3,208
17 years$11,389$9,532$7,936$6,577$5,428$2,707
18 years$10,644$8,808$7,245$5,927$4,827$2,289
19 years$9,979$8,163$6,632$5,356$4,302$1,939
20 years$9,380$7,586$6,087$4,851$3,843$1,644
21 years$8,840$7,066$5,599$4,402$3,439$1,396
22 years$8,349$6,596$5,160$4,003$3,082$1,187
23 years$7,901$6,169$4,764$3,645$2,767$1,009
24 years$7,492$5,780$4,406$3,325$2,487$859
25 years$7,116$5,424$4,081$3,036$2,238$732
26 years$6,769$5,098$3,785$2,776$2,016$624
27 years$6,449$4,798$3,515$2,541$1,817$532
28 years$6,151$4,521$3,267$2,328$1,640$454
29 years$5,875$4,265$3,041$2,135$1,481$387
30 years$5,618$4,028$2,832$1,959$1,338$330
31 years$5,378$3,807$2,640$1,800$1,210$282
32 years$5,153$3,603$2,464$1,654$1,094$241
33 years$4,943$3,412$2,300$1,521$990$205
34 years$4,745$3,234$2,149$1,399$897$175
35 years$4,559$3,067$2,009$1,288$812$150
36 years$4,384$2,911$1,880$1,186$736$128
37 years$4,218$2,765$1,759$1,093$667$109
38 years$4,062$2,628$1,648$1,008$605$93
39 years$3,914$2,499$1,544$929$548$80
40 years$3,773$2,377$1,447$857$497$68
41 years$3,640$2,263$1,357$791$451$58
42 years$3,514$2,155$1,273$730$409$50
43 years$3,394$2,053$1,194$673$372$43
44 years$3,279$1,957$1,121$622$337$36
45 years$3,170$1,866$1,052$574$306$31
46 years$3,066$1,780$989$530$278$27
47 years$2,967$1,699$929$490$252$23
48 years$2,872$1,622$873$453$229$19
49 years$2,782$1,549$820$419$208$17
50 years$2,695$1,480$771$387$189$14

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 $6,086 every year, while hoping to spend $44,789 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: 31/46/23 Blend
50$2,760,000$2,760,000$2,760,000$2,760,000
51$3,047,798$2,901,518$2,858,738$3,120,435
52$3,311,018$2,996,037$2,906,850$3,270,739
53$3,599,585$3,093,686$2,955,073$3,427,995
54$3,916,038$3,194,572$3,003,364$3,596,357
55$4,263,172$3,298,805$3,051,675$3,776,824
56$4,644,067$3,406,497$3,099,956$3,970,490
57$5,062,113$3,517,766$3,148,156$4,178,557
58$5,521,046$3,632,735$3,196,217$4,402,348
59$6,024,983$3,751,529$3,244,081$4,643,315
60$6,578,456$3,874,279$3,291,682$4,903,055
61$7,186,460$4,001,120$3,338,955$5,183,322
62$7,854,496$4,132,191$3,385,826$5,486,048
63$8,588,624$4,267,638$3,432,221$5,813,355
64$9,395,522$4,407,611$3,478,059$6,167,576
65$10,282,545$4,552,264$3,523,254$6,551,280
66$11,257,798$4,701,758$3,567,717$6,967,291
67$12,330,210$4,856,261$3,611,352$7,418,717
68$13,509,618$5,015,944$3,654,058$7,908,979
69$14,806,859$5,180,985$3,695,729$8,441,840
70$16,233,876$5,351,570$3,736,253$9,021,442
71$17,803,825$5,527,891$3,775,511$9,652,344
72$19,531,203$5,710,145$3,813,379$10,339,564
73$21,431,981$5,898,539$3,849,723$11,088,628
74$23,523,761$6,093,284$3,884,406$11,905,616
75$25,825,931$6,294,602$3,917,281$12,797,226
76$28,359,860$6,502,722$3,948,193$13,770,830
77$31,149,090$6,717,879$3,976,982$14,834,547
78$34,219,561$6,940,319$4,003,475$15,997,317
79$37,599,858$7,170,297$4,027,493$17,268,985
80$41,321,478$7,408,075$4,048,848$18,660,393
81$45,419,125$7,653,928$4,067,341$20,183,482
82$49,931,043$7,908,137$4,082,764$21,851,404
83$54,899,370$8,170,996$4,094,897$23,678,643
84$60,370,540$8,442,809$4,103,510$25,681,155
85$66,395,719$8,723,891$4,108,362$27,876,514
86$73,031,289$9,014,569$4,109,200$30,284,079
87$80,339,379$9,315,181$4,105,756$32,925,174
88$88,388,449$9,626,078$4,097,752$35,823,290
89$97,253,939$9,947,624$4,084,895$39,004,305
90$107,018,981$10,280,198$4,066,879$42,496,729
91$117,775,178$10,624,189$4,043,381$46,331,966
92$129,623,476$10,980,003$4,014,063$50,544,619
93$142,675,110$11,348,063$3,978,574$55,172,807
94$157,052,657$11,728,804$3,936,542$60,258,527
95$172,891,191$12,122,678$3,887,579$65,848,050
96$190,339,559$12,530,156$3,831,280$71,992,356
97$209,561,785$12,951,725$3,767,219$78,747,613
98$230,738,618$13,387,890$3,694,951$86,175,705
99$254,069,235$13,839,175$3,614,010$94,344,821
100$279,773,127$14,306,124$3,523,909$103,330,087