Can I retire at age 51 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$228,744$226,706$224,719$222,778$220,884$218,668
2 years$113,240$111,131$109,087$107,105$105,183$102,951
3 years$74,743$72,625$70,586$68,623$66,732$64,554
4 years$55,499$53,387$51,369$49,439$47,594$45,486
5 years$43,955$41,856$39,864$37,974$36,180$34,148
6 years$36,262$34,179$32,216$30,368$28,628$26,675
7 years$30,769$28,703$26,772$24,967$23,282$21,409
8 years$26,651$24,604$22,705$20,944$19,315$17,521
9 years$23,450$21,422$19,556$17,840$16,266$14,551
10 years$20,890$18,883$17,049$15,378$13,859$12,222
11 years$18,798$16,810$15,010$13,384$11,920$10,358
12 years$17,055$15,088$13,321$11,739$10,329$8,843
13 years$15,582$13,635$11,901$10,364$9,007$7,594
14 years$14,320$12,394$10,693$9,200$7,896$6,554
15 years$13,227$11,322$9,655$8,205$6,952$5,679
16 years$12,272$10,388$8,753$7,347$6,144$4,939
17 years$11,430$9,567$7,965$6,601$5,448$4,307
18 years$10,683$8,840$7,271$5,949$4,844$3,766
19 years$10,015$8,193$6,656$5,375$4,318$3,300
20 years$9,414$7,613$6,109$4,868$3,857$2,897
21 years$8,872$7,091$5,619$4,418$3,451$2,547
22 years$8,379$6,620$5,179$4,017$3,093$2,243
23 years$7,930$6,191$4,782$3,659$2,777$1,978
24 years$7,519$5,801$4,422$3,337$2,496$1,745
25 years$7,141$5,444$4,096$3,047$2,246$1,542
26 years$6,794$5,116$3,799$2,786$2,023$1,363
27 years$6,472$4,815$3,527$2,550$1,824$1,206
28 years$6,174$4,537$3,279$2,337$1,646$1,068
29 years$5,897$4,280$3,052$2,143$1,486$946
30 years$5,639$4,042$2,842$1,967$1,343$838
31 years$5,398$3,821$2,650$1,806$1,214$743
32 years$5,172$3,616$2,472$1,660$1,098$659
33 years$4,961$3,424$2,309$1,526$994$585
34 years$4,762$3,245$2,157$1,404$900$519
35 years$4,575$3,078$2,017$1,293$815$461
36 years$4,399$2,922$1,886$1,191$738$409
37 years$4,233$2,775$1,766$1,097$669$364
38 years$4,076$2,637$1,654$1,011$607$323
39 years$3,928$2,508$1,549$932$550$287
40 years$3,787$2,386$1,452$860$499$255
41 years$3,653$2,271$1,362$793$453$227
42 years$3,527$2,163$1,277$732$411$201
43 years$3,406$2,061$1,198$676$373$179
44 years$3,291$1,964$1,125$624$338$159
45 years$3,182$1,873$1,056$576$307$142
46 years$3,077$1,787$992$532$279$126
47 years$2,978$1,705$932$492$253$112
48 years$2,883$1,628$876$455$230$100
49 years$2,792$1,555$823$420$209$89
50 years$2,704$1,485$774$388$190$79

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,770,000, adding $2,355 every year, while hoping to spend $53,575 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: 85/6/9 Blend
50$2,770,000$2,770,000$2,770,000$2,770,000
51$3,054,969$2,908,159$2,865,224$3,310,913
52$3,309,573$2,993,656$2,904,206$3,563,914
53$3,588,350$3,081,546$2,942,698$3,834,323
54$3,893,711$3,171,890$2,980,627$4,129,740
55$4,228,307$3,264,751$3,017,916$4,452,647
56$4,595,062$3,360,192$3,054,484$4,805,778
57$4,997,194$3,458,276$3,090,244$5,192,142
58$5,438,245$3,559,070$3,125,105$5,615,056
59$5,922,122$3,662,639$3,158,972$6,078,172
60$6,453,122$3,769,053$3,191,741$6,585,513
61$7,035,984$3,878,379$3,223,308$7,141,509
62$7,675,923$3,990,689$3,253,558$7,751,043
63$8,378,688$4,106,054$3,282,373$8,419,491
64$9,150,610$4,224,545$3,309,627$9,152,777
65$9,998,662$4,346,238$3,335,190$9,957,426
66$10,930,528$4,471,206$3,358,921$10,840,626
67$11,954,672$4,599,526$3,380,676$11,810,299
68$13,080,420$4,731,274$3,400,300$12,875,170
69$14,318,045$4,866,529$3,417,632$14,044,852
70$15,678,866$5,005,368$3,432,502$15,329,936
71$17,175,352$5,147,873$3,444,733$16,742,092
72$18,821,243$5,294,124$3,454,137$18,294,178
73$20,631,676$5,444,203$3,460,517$20,000,359
74$22,623,329$5,598,191$3,463,666$21,876,245
75$24,814,578$5,756,172$3,463,368$23,939,033
76$27,225,670$5,918,229$3,459,397$26,207,673
77$29,878,914$6,084,448$3,451,512$28,703,045
78$32,798,890$6,254,912$3,439,464$31,448,156
79$36,012,682$6,429,708$3,422,991$34,468,356
80$39,550,131$6,608,920$3,401,817$37,791,580
81$43,444,122$6,792,634$3,375,656$41,448,607
82$47,730,886$6,980,937$3,344,204$45,473,354
83$52,450,347$7,173,913$3,307,145$49,903,194
84$57,646,497$7,371,650$3,264,149$54,779,309
85$63,367,809$7,574,230$3,214,868$60,147,078
86$69,667,699$7,781,741$3,158,939$66,056,506
87$76,605,023$7,994,265$3,095,982$72,562,696
88$84,244,638$8,211,886$3,025,600$79,726,366
89$92,658,009$8,434,687$2,947,376$87,614,426
90$101,923,888$8,662,748$2,860,874$96,300,607
91$112,129,051$8,896,149$2,765,640$105,866,155
92$123,369,121$9,134,968$2,661,196$116,400,604
93$135,749,471$9,379,281$2,547,046$128,002,612
94$149,386,212$9,629,160$2,422,667$140,780,899
95$164,407,295$9,884,679$2,287,516$154,855,271
96$180,953,715$10,145,904$2,141,023$170,357,749
97$199,180,842$10,412,900$1,982,595$187,433,818
98$219,259,885$10,685,730$1,811,609$206,243,797
99$241,379,512$10,964,450$1,627,417$226,964,355
100$265,747,628$11,249,114$1,429,341$249,790,177