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

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$229,570$227,525$225,530$223,583$221,681$213,731
2 years$113,648$111,532$109,481$107,492$105,562$97,638
3 years$75,013$72,887$70,841$68,871$66,973$59,325
4 years$55,699$53,580$51,554$49,618$47,766$40,451
5 years$44,114$42,007$40,008$38,111$36,311$29,350
6 years$36,393$34,302$32,333$30,478$28,732$22,129
7 years$30,880$28,807$26,869$25,057$23,366$17,120
8 years$26,747$24,693$22,787$21,020$19,385$13,490
9 years$23,534$21,500$19,626$17,904$16,325$10,774
10 years$20,966$18,951$17,110$15,434$13,909$8,693
11 years$18,866$16,871$15,064$13,432$11,963$7,069
12 years$17,117$15,142$13,369$11,782$10,367$5,785
13 years$15,638$13,684$11,944$10,401$9,040$4,757
14 years$14,372$12,439$10,732$9,233$7,924$3,927
15 years$13,275$11,363$9,689$8,234$6,977$3,253
16 years$12,316$10,425$8,785$7,373$6,166$2,701
17 years$11,472$9,601$7,994$6,625$5,468$2,248
18 years$10,721$8,872$7,297$5,970$4,862$1,874
19 years$10,051$8,222$6,680$5,395$4,333$1,565
20 years$9,448$7,641$6,131$4,886$3,870$1,308
21 years$8,904$7,117$5,639$4,434$3,464$1,094
22 years$8,409$6,643$5,197$4,032$3,105$916
23 years$7,959$6,213$4,799$3,672$2,787$768
24 years$7,546$5,822$4,438$3,349$2,505$644
25 years$7,167$5,463$4,111$3,058$2,254$540
26 years$6,818$5,135$3,812$2,796$2,030$453
27 years$6,495$4,832$3,540$2,560$1,831$381
28 years$6,196$4,553$3,291$2,345$1,652$320
29 years$5,918$4,296$3,063$2,151$1,491$268
30 years$5,659$4,057$2,853$1,974$1,348$226
31 years$5,417$3,835$2,659$1,813$1,218$190
32 years$5,191$3,629$2,481$1,666$1,102$159
33 years$4,979$3,436$2,317$1,532$997$134
34 years$4,779$3,257$2,165$1,409$903$113
35 years$4,592$3,089$2,024$1,298$818$95
36 years$4,415$2,932$1,893$1,195$741$80
37 years$4,249$2,785$1,772$1,101$672$67
38 years$4,091$2,647$1,659$1,015$609$56
39 years$3,942$2,517$1,555$936$552$47
40 years$3,801$2,394$1,457$863$501$40
41 years$3,667$2,279$1,366$796$454$33
42 years$3,539$2,171$1,282$735$412$28
43 years$3,418$2,068$1,203$678$374$24
44 years$3,303$1,971$1,129$626$340$20
45 years$3,193$1,880$1,060$578$308$17
46 years$3,088$1,793$996$534$280$14
47 years$2,989$1,711$935$494$254$12
48 years$2,893$1,634$879$456$231$10
49 years$2,802$1,560$826$422$210$8
50 years$2,714$1,490$777$390$190$7

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 $4,080 every year, while hoping to spend $59,727 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: 23/49/28 Blend
50$2,780,000$2,780,000$2,780,000$2,780,000
51$3,067,769$2,920,429$2,877,339$3,111,091
52$3,317,132$2,999,980$2,910,180$3,228,541
53$3,589,928$3,081,429$2,942,120$3,348,906
54$3,888,485$3,164,803$2,973,066$3,476,506
55$4,215,365$3,250,133$3,002,918$3,611,977
56$4,573,390$3,337,447$3,031,573$3,756,019
57$4,965,667$3,426,773$3,058,922$3,909,403
58$5,395,619$3,518,138$3,084,849$4,072,977
59$5,867,014$3,611,569$3,109,234$4,247,675
60$6,384,005$3,707,092$3,131,949$4,434,526
61$6,951,163$3,804,729$3,152,859$4,634,661
62$7,573,525$3,904,504$3,171,823$4,849,328
63$8,256,639$4,006,438$3,188,693$5,079,903
64$9,006,614$4,110,552$3,203,312$5,327,897
65$9,830,182$4,216,863$3,215,517$5,594,981
66$10,734,759$4,325,387$3,225,135$5,882,991
67$11,728,512$4,436,138$3,231,984$6,193,952
68$12,820,440$4,549,129$3,235,876$6,530,098
69$14,020,457$4,664,369$3,236,610$6,893,888
70$15,339,484$4,781,863$3,233,977$7,288,033
71$16,789,554$4,901,617$3,227,757$7,715,521
72$18,383,922$5,023,630$3,217,721$8,179,647
73$20,137,193$5,147,899$3,203,626$8,684,039
74$22,065,459$5,274,418$3,185,219$9,232,701
75$24,186,447$5,403,176$3,162,236$9,830,044
76$26,519,691$5,534,158$3,134,397$10,480,930
77$29,086,712$5,667,344$3,101,412$11,190,721
78$31,911,222$5,802,710$3,062,975$11,965,325
79$35,019,349$5,940,225$3,018,767$12,811,257
80$38,439,880$6,079,853$2,968,453$13,735,698
81$42,204,535$6,221,553$2,911,683$14,746,566
82$46,348,264$6,365,276$2,848,091$15,852,588
83$50,909,578$6,510,965$2,777,293$17,063,385
84$55,930,910$6,658,557$2,698,887$18,389,564
85$61,459,017$6,807,981$2,612,454$19,842,819
86$67,545,421$6,959,156$2,517,556$21,436,039
87$74,246,892$7,111,993$2,413,732$23,183,435
88$81,625,986$7,266,391$2,300,502$25,100,673
89$89,751,633$7,422,241$2,177,366$27,205,023
90$98,699,790$7,579,422$2,043,798$29,515,522
91$108,554,154$7,737,799$1,899,251$32,053,157
92$119,406,953$7,897,227$1,743,151$34,841,064
93$131,359,817$8,057,545$1,574,901$37,904,748
94$144,524,733$8,218,579$1,393,875$41,272,321
95$159,025,106$8,380,140$1,199,421$44,974,777
96$174,996,922$8,542,022$990,856$49,046,279
97$192,590,027$8,704,000$767,468$53,524,488
98$211,969,546$8,865,832$528,515$58,450,915
99$233,317,439$9,027,258$273,220$63,871,323
100$256,834,218$9,187,994$773$69,836,154