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

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$228,744$226,706$224,719$222,778$220,884$218,486
2 years$113,240$111,131$109,087$107,105$105,183$102,769
3 years$74,743$72,625$70,586$68,623$66,732$64,377
4 years$55,499$53,387$51,369$49,439$47,594$45,315
5 years$43,955$41,856$39,864$37,974$36,180$33,984
6 years$36,262$34,179$32,216$30,368$28,628$26,518
7 years$30,769$28,703$26,772$24,967$23,282$21,259
8 years$26,651$24,604$22,705$20,944$19,315$17,379
9 years$23,450$21,422$19,556$17,840$16,266$14,416
10 years$20,890$18,883$17,049$15,378$13,859$12,094
11 years$18,798$16,810$15,010$13,384$11,920$10,237
12 years$17,055$15,088$13,321$11,739$10,329$8,729
13 years$15,582$13,635$11,901$10,364$9,007$7,486
14 years$14,320$12,394$10,693$9,200$7,896$6,452
15 years$13,227$11,322$9,655$8,205$6,952$5,584
16 years$12,272$10,388$8,753$7,347$6,144$4,849
17 years$11,430$9,567$7,965$6,601$5,448$4,223
18 years$10,683$8,840$7,271$5,949$4,844$3,687
19 years$10,015$8,193$6,656$5,375$4,318$3,226
20 years$9,414$7,613$6,109$4,868$3,857$2,828
21 years$8,872$7,091$5,619$4,418$3,451$2,483
22 years$8,379$6,620$5,179$4,017$3,093$2,183
23 years$7,930$6,191$4,782$3,659$2,777$1,922
24 years$7,519$5,801$4,422$3,337$2,496$1,694
25 years$7,141$5,444$4,096$3,047$2,246$1,494
26 years$6,794$5,116$3,799$2,786$2,023$1,319
27 years$6,472$4,815$3,527$2,550$1,824$1,165
28 years$6,174$4,537$3,279$2,337$1,646$1,030
29 years$5,897$4,280$3,052$2,143$1,486$911
30 years$5,639$4,042$2,842$1,967$1,343$806
31 years$5,398$3,821$2,650$1,806$1,214$713
32 years$5,172$3,616$2,472$1,660$1,098$632
33 years$4,961$3,424$2,309$1,526$994$559
34 years$4,762$3,245$2,157$1,404$900$496
35 years$4,575$3,078$2,017$1,293$815$439
36 years$4,399$2,922$1,886$1,191$738$390
37 years$4,233$2,775$1,766$1,097$669$345
38 years$4,076$2,637$1,654$1,011$607$306
39 years$3,928$2,508$1,549$932$550$272
40 years$3,787$2,386$1,452$860$499$241
41 years$3,653$2,271$1,362$793$453$214
42 years$3,527$2,163$1,277$732$411$190
43 years$3,406$2,061$1,198$676$373$168
44 years$3,291$1,964$1,125$624$338$149
45 years$3,182$1,873$1,056$576$307$133
46 years$3,077$1,787$992$532$279$118
47 years$2,978$1,705$932$492$253$105
48 years$2,883$1,628$876$455$230$93
49 years$2,792$1,555$823$420$209$82
50 years$2,704$1,485$774$388$190$73

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 $2,608 every year, while hoping to spend $38,400 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: 58/12/30 Blend
50$2,770,000$2,770,000$2,770,000$2,770,000
51$3,055,230$2,908,420$2,865,485$3,207,135
52$3,326,006$3,010,075$2,920,622$3,413,365
53$3,623,115$3,115,425$2,976,318$3,633,892
54$3,949,201$3,224,609$3,032,553$3,873,592
55$4,307,178$3,337,773$3,089,302$4,134,340
56$4,700,256$3,455,071$3,146,540$4,418,198
57$5,131,972$3,576,658$3,204,239$4,727,437
58$5,606,219$3,702,701$3,262,367$5,064,559
59$6,127,290$3,833,370$3,320,892$5,432,318
60$6,699,910$3,968,842$3,379,779$5,833,745
61$7,329,289$4,109,303$3,438,990$6,272,182
62$8,021,163$4,254,945$3,498,482$6,751,307
63$8,781,852$4,405,968$3,558,213$7,275,171
64$9,618,322$4,562,582$3,618,134$7,848,238
65$10,538,245$4,725,002$3,678,195$8,475,424
66$11,550,074$4,893,455$3,738,342$9,162,142
67$12,663,122$5,068,175$3,798,518$9,914,359
68$13,887,652$5,249,407$3,858,659$10,738,644
69$15,234,970$5,437,406$3,918,702$11,642,236
70$16,717,534$5,632,436$3,978,576$12,633,109
71$18,349,071$5,834,773$4,038,206$13,720,050
72$20,144,704$6,044,705$4,097,514$14,912,735
73$22,121,098$6,262,530$4,156,415$16,221,829
74$24,296,617$6,488,560$4,214,821$17,659,081
75$26,691,492$6,723,120$4,272,638$19,237,432
76$29,328,017$6,966,546$4,329,765$20,971,146
77$32,230,759$7,219,191$4,386,096$22,875,935
78$35,426,786$7,481,421$4,441,520$24,969,111
79$38,945,926$7,753,618$4,495,918$27,269,751
80$42,821,044$8,036,179$4,549,165$29,798,873
81$47,088,357$8,329,519$4,601,129$32,579,636
82$51,787,773$8,634,068$4,651,670$35,637,559
83$56,963,265$8,950,277$4,700,641$39,000,759
84$62,663,292$9,278,615$4,747,886$42,700,221
85$68,941,250$9,619,568$4,793,242$46,770,083
86$75,855,977$9,973,647$4,836,535$51,247,964
87$83,472,313$10,341,382$4,877,585$56,175,316
88$91,861,704$10,723,325$4,916,199$61,597,816
89$101,102,882$11,120,052$4,952,176$67,565,798
90$111,282,606$11,532,164$4,985,304$74,134,722
91$122,496,479$11,960,288$5,015,359$81,365,707
92$134,849,853$12,405,076$5,042,107$89,326,096
93$148,458,822$12,867,208$5,065,302$98,090,104
94$163,451,316$13,347,395$5,084,683$107,739,505
95$179,968,309$13,846,376$5,099,979$118,364,417
96$198,165,151$14,364,924$5,110,903$130,064,139
97$218,213,034$14,903,843$5,117,156$142,948,100
98$240,300,605$15,463,972$5,118,422$157,136,884
99$264,635,748$16,046,188$5,114,370$172,763,369
100$291,447,547$16,651,404$5,104,654$189,973,986