Can I retire at age 51 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$229,570$227,525$225,530$223,583$221,681$220,008
2 years$113,648$111,532$109,481$107,492$105,562$103,875
3 years$75,013$72,887$70,841$68,871$66,973$65,324
4 years$55,699$53,580$51,554$49,618$47,766$46,168
5 years$44,114$42,007$40,008$38,111$36,311$34,769
6 years$36,393$34,302$32,333$30,478$28,732$27,248
7 years$30,880$28,807$26,869$25,057$23,366$21,941
8 years$26,747$24,693$22,787$21,020$19,385$18,018
9 years$23,534$21,500$19,626$17,904$16,325$15,016
10 years$20,966$18,951$17,110$15,434$13,909$12,659
11 years$18,866$16,871$15,064$13,432$11,963$10,768
12 years$17,117$15,142$13,369$11,782$10,367$9,228
13 years$15,638$13,684$11,944$10,401$9,040$7,955
14 years$14,372$12,439$10,732$9,233$7,924$6,893
15 years$13,275$11,363$9,689$8,234$6,977$5,997
16 years$12,316$10,425$8,785$7,373$6,166$5,237
17 years$11,472$9,601$7,994$6,625$5,468$4,586
18 years$10,721$8,872$7,297$5,970$4,862$4,027
19 years$10,051$8,222$6,680$5,395$4,333$3,544
20 years$9,448$7,641$6,131$4,886$3,870$3,125
21 years$8,904$7,117$5,639$4,434$3,464$2,760
22 years$8,409$6,643$5,197$4,032$3,105$2,441
23 years$7,959$6,213$4,799$3,672$2,787$2,162
24 years$7,546$5,822$4,438$3,349$2,505$1,917
25 years$7,167$5,463$4,111$3,058$2,254$1,702
26 years$6,818$5,135$3,812$2,796$2,030$1,512
27 years$6,495$4,832$3,540$2,560$1,831$1,344
28 years$6,196$4,553$3,291$2,345$1,652$1,195
29 years$5,918$4,296$3,063$2,151$1,491$1,064
30 years$5,659$4,057$2,853$1,974$1,348$948
31 years$5,417$3,835$2,659$1,813$1,218$844
32 years$5,191$3,629$2,481$1,666$1,102$753
33 years$4,979$3,436$2,317$1,532$997$671
34 years$4,779$3,257$2,165$1,409$903$599
35 years$4,592$3,089$2,024$1,298$818$534
36 years$4,415$2,932$1,893$1,195$741$477
37 years$4,249$2,785$1,772$1,101$672$426
38 years$4,091$2,647$1,659$1,015$609$380
39 years$3,942$2,517$1,555$936$552$339
40 years$3,801$2,394$1,457$863$501$303
41 years$3,667$2,279$1,366$796$454$271
42 years$3,539$2,171$1,282$735$412$242
43 years$3,418$2,068$1,203$678$374$216
44 years$3,303$1,971$1,129$626$340$193
45 years$3,193$1,880$1,060$578$308$173
46 years$3,088$1,793$996$534$280$154
47 years$2,989$1,711$935$494$254$138
48 years$2,893$1,634$879$456$231$123
49 years$2,802$1,560$826$422$210$110
50 years$2,714$1,490$777$390$190$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,780,000, adding $2,772 every year, while hoping to spend $34,219 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: 47/26/27 Blend
50$2,780,000$2,780,000$2,780,000$2,780,000
51$3,066,419$2,919,079$2,875,989$3,186,702
52$3,342,785$3,025,705$2,935,926$3,378,387
53$3,646,194$3,136,409$2,996,724$3,582,773
54$3,979,367$3,251,355$3,058,376$3,803,973
55$4,345,303$3,370,712$3,120,872$4,043,585
56$4,747,307$3,494,660$3,184,204$4,303,364
57$5,189,016$3,623,382$3,248,359$4,585,243
58$5,674,441$3,757,072$3,313,324$4,891,348
59$6,207,997$3,895,932$3,379,083$5,224,017
60$6,794,551$4,040,171$3,445,621$5,585,823
61$7,439,464$4,190,008$3,512,918$5,979,597
62$8,148,642$4,345,671$3,580,953$6,408,455
63$8,928,591$4,507,398$3,649,704$6,875,825
64$9,786,483$4,675,436$3,719,144$7,385,481
65$10,730,216$4,850,043$3,789,247$7,941,578
66$11,768,493$5,031,490$3,859,982$8,548,689
67$12,910,904$5,220,058$3,931,315$9,211,848
68$14,168,014$5,416,039$4,003,213$9,936,598
69$15,551,466$5,619,740$4,075,635$10,729,041
70$17,074,087$5,831,478$4,148,540$11,595,896
71$18,750,011$6,051,588$4,221,883$12,544,563
72$20,594,812$6,280,415$4,295,616$13,583,188
73$22,625,650$6,518,323$4,369,687$14,720,745
74$24,861,434$6,765,688$4,444,039$15,967,114
75$27,322,998$7,022,905$4,518,612$17,333,178
76$30,033,302$7,290,386$4,593,344$18,830,922
77$33,017,643$7,568,558$4,668,164$20,473,546
78$36,303,895$7,857,871$4,743,001$22,275,592
79$39,922,778$8,158,791$4,817,777$24,253,073
80$43,908,136$8,471,807$4,892,407$26,423,632
81$48,297,268$8,797,428$4,966,805$28,806,699
82$53,131,272$9,136,184$5,040,875$31,423,682
83$58,455,436$9,488,632$5,114,520$34,298,159
84$64,319,666$9,855,350$5,187,631$37,456,107
85$70,778,953$10,236,944$5,260,098$40,926,143
86$77,893,896$10,634,043$5,331,801$44,739,793
87$85,731,271$11,047,309$5,402,614$48,931,786
88$94,364,662$11,477,429$5,472,403$53,540,387
89$103,875,156$11,925,122$5,541,027$58,607,750
90$114,352,108$12,391,139$5,608,337$64,180,318
91$125,893,982$12,876,263$5,674,176$70,309,261
92$138,609,283$13,381,315$5,738,375$77,050,954
93$152,617,579$13,907,149$5,800,760$84,467,512
94$168,050,631$14,454,658$5,861,145$92,627,370
95$185,053,636$15,024,776$5,919,333$101,605,931
96$203,786,594$15,618,478$5,975,118$111,486,276
97$224,425,826$16,236,782$6,028,284$122,359,944
98$247,165,628$16,880,752$6,078,599$134,327,797
99$272,220,114$17,551,501$6,125,824$147,500,968
100$299,825,230$18,250,189$6,169,704$162,001,910