Can I retire at age 51 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$230,396$228,343$226,341$224,387$222,479$215,185
2 years$114,057$111,933$109,874$107,878$105,942$98,663
3 years$75,283$73,149$71,096$69,119$67,214$60,179
4 years$55,899$53,773$51,740$49,796$47,938$41,200
5 years$44,272$42,158$40,152$38,248$36,441$30,019
6 years$36,524$34,425$32,449$30,587$28,835$22,733
7 years$30,991$28,910$26,965$25,148$23,450$17,668
8 years$26,843$24,782$22,869$21,096$19,454$13,988
9 years$23,619$21,577$19,697$17,969$16,383$11,226
10 years$21,041$19,019$17,172$15,489$13,960$9,104
11 years$18,933$16,931$15,118$13,480$12,006$7,442
12 years$17,178$15,197$13,417$11,824$10,404$6,122
13 years$15,694$13,733$11,987$10,439$9,072$5,062
14 years$14,423$12,483$10,770$9,266$7,953$4,202
15 years$13,323$11,404$9,724$8,264$7,002$3,500
16 years$12,361$10,463$8,816$7,400$6,189$2,924
17 years$11,513$9,636$8,023$6,648$5,487$2,447
18 years$10,760$8,904$7,324$5,992$4,879$2,053
19 years$10,087$8,252$6,704$5,414$4,349$1,724
20 years$9,482$7,668$6,153$4,903$3,884$1,450
21 years$8,936$7,143$5,660$4,450$3,476$1,221
22 years$8,440$6,667$5,216$4,046$3,116$1,029
23 years$7,987$6,236$4,816$3,685$2,797$868
24 years$7,573$5,843$4,454$3,361$2,514$732
25 years$7,193$5,483$4,125$3,069$2,262$618
26 years$6,843$5,153$3,826$2,806$2,038$522
27 years$6,519$4,850$3,553$2,569$1,837$441
28 years$6,218$4,570$3,303$2,354$1,658$373
29 years$5,939$4,311$3,074$2,158$1,497$315
30 years$5,679$4,071$2,863$1,981$1,353$267
31 years$5,436$3,849$2,669$1,819$1,223$226
32 years$5,209$3,642$2,490$1,672$1,106$191
33 years$4,996$3,449$2,325$1,537$1,001$161
34 years$4,797$3,269$2,173$1,415$906$137
35 years$4,608$3,100$2,031$1,302$821$116
36 years$4,431$2,943$1,900$1,199$744$98
37 years$4,264$2,795$1,778$1,105$674$83
38 years$4,106$2,656$1,665$1,018$611$70
39 years$3,956$2,526$1,560$939$554$59
40 years$3,814$2,403$1,463$866$503$50
41 years$3,680$2,287$1,371$799$456$43
42 years$3,552$2,178$1,286$738$414$36
43 years$3,431$2,076$1,207$681$376$30
44 years$3,315$1,978$1,133$629$341$26
45 years$3,205$1,887$1,064$581$309$22
46 years$3,100$1,800$999$536$281$19
47 years$2,999$1,718$939$495$255$16
48 years$2,903$1,640$882$458$232$13
49 years$2,812$1,566$829$423$210$11
50 years$2,724$1,496$780$391$191$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,790,000, adding $6,834 every year, while hoping to spend $40,941 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: 74/12/14 Blend
50$2,790,000$2,790,000$2,790,000$2,790,000
51$3,081,629$2,933,759$2,890,514$3,299,931
52$3,352,395$3,033,953$2,943,786$3,545,409
53$3,649,406$3,137,683$2,997,469$3,808,559
54$3,975,297$3,245,081$3,051,536$4,095,781
55$4,332,968$3,356,282$3,105,954$4,409,452
56$4,725,617$3,471,425$3,160,689$4,752,193
57$5,156,762$3,590,657$3,215,704$5,126,886
58$5,630,281$3,714,129$3,270,960$5,536,707
59$6,150,447$3,841,999$3,326,415$5,985,154
60$6,721,965$3,974,429$3,382,022$6,476,078
61$7,350,019$4,111,589$3,437,733$7,013,721
62$8,040,321$4,253,657$3,493,497$7,602,756
63$8,799,162$4,400,814$3,549,257$8,248,329
64$9,633,475$4,553,253$3,604,956$8,956,109
65$10,550,897$4,711,170$3,660,529$9,732,339
66$11,559,842$4,874,771$3,715,911$10,583,898
67$12,669,582$5,044,271$3,771,030$11,518,363
68$13,890,330$5,219,891$3,825,810$12,544,080
69$15,233,341$5,401,862$3,880,172$13,670,244
70$16,711,014$5,590,426$3,934,030$14,906,986
71$18,337,012$5,785,831$3,987,294$16,265,465
72$20,126,387$5,988,337$4,039,869$17,757,977
73$22,095,728$6,198,215$4,091,654$19,398,067
74$24,263,310$6,415,745$4,142,542$21,200,658
75$26,649,270$6,641,219$4,192,420$23,182,194
76$29,275,798$6,874,941$4,241,168$25,360,790
77$32,167,343$7,117,227$4,288,661$27,756,407
78$35,350,846$7,368,405$4,334,765$30,391,036
79$38,855,993$7,628,818$4,379,341$33,288,908
80$42,715,496$7,898,821$4,422,240$36,476,723
81$46,965,397$8,178,785$4,463,306$39,983,897
82$51,645,416$8,469,093$4,502,374$43,842,846
83$56,799,317$8,770,147$4,539,273$48,089,284
84$62,475,327$9,082,364$4,573,818$52,762,566
85$68,726,588$9,406,178$4,605,819$57,906,055
86$75,611,660$9,742,040$4,635,073$63,567,533
87$83,195,070$10,090,421$4,661,369$69,799,650
88$91,547,925$10,451,809$4,684,483$76,660,421
89$100,748,580$10,826,715$4,704,180$84,213,775
90$110,883,379$11,215,668$4,720,214$92,530,155
91$122,047,469$11,619,221$4,732,327$101,687,182
92$134,345,697$12,037,949$4,740,245$111,770,392
93$147,893,599$12,472,449$4,743,685$122,874,036
94$162,818,494$12,923,347$4,742,346$135,101,976
95$179,260,680$13,391,291$4,735,914$148,568,658
96$197,374,762$13,876,957$4,724,060$163,400,198
97$217,331,109$14,381,049$4,706,437$179,735,568
98$239,317,463$14,904,302$4,682,684$197,727,907
99$263,540,712$15,447,480$4,652,421$217,545,970
100$290,228,836$16,011,378$4,615,249$239,375,714