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

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$230,396$228,343$226,341$224,387$222,479$217,808
2 years$114,057$111,933$109,874$107,878$105,942$101,259
3 years$75,283$73,149$71,096$69,119$67,214$62,664
4 years$55,899$53,773$51,740$49,796$47,938$43,556
5 years$44,272$42,158$40,152$38,248$36,441$32,240
6 years$36,524$34,425$32,449$30,587$28,835$24,819
7 years$30,991$28,910$26,965$25,148$23,450$19,621
8 years$26,843$24,782$22,869$21,096$19,454$15,809
9 years$23,619$21,577$19,697$17,969$16,383$12,920
10 years$21,041$19,019$17,172$15,489$13,960$10,675
11 years$18,933$16,931$15,118$13,480$12,006$8,896
12 years$17,178$15,197$13,417$11,824$10,404$7,464
13 years$15,694$13,733$11,987$10,439$9,072$6,297
14 years$14,423$12,483$10,770$9,266$7,953$5,337
15 years$13,323$11,404$9,724$8,264$7,002$4,540
16 years$12,361$10,463$8,816$7,400$6,189$3,874
17 years$11,513$9,636$8,023$6,648$5,487$3,315
18 years$10,760$8,904$7,324$5,992$4,879$2,842
19 years$10,087$8,252$6,704$5,414$4,349$2,442
20 years$9,482$7,668$6,153$4,903$3,884$2,101
21 years$8,936$7,143$5,660$4,450$3,476$1,810
22 years$8,440$6,667$5,216$4,046$3,116$1,561
23 years$7,987$6,236$4,816$3,685$2,797$1,348
24 years$7,573$5,843$4,454$3,361$2,514$1,165
25 years$7,193$5,483$4,125$3,069$2,262$1,008
26 years$6,843$5,153$3,826$2,806$2,038$872
27 years$6,519$4,850$3,553$2,569$1,837$755
28 years$6,218$4,570$3,303$2,354$1,658$654
29 years$5,939$4,311$3,074$2,158$1,497$567
30 years$5,679$4,071$2,863$1,981$1,353$491
31 years$5,436$3,849$2,669$1,819$1,223$426
32 years$5,209$3,642$2,490$1,672$1,106$369
33 years$4,996$3,449$2,325$1,537$1,001$320
34 years$4,797$3,269$2,173$1,415$906$278
35 years$4,608$3,100$2,031$1,302$821$241
36 years$4,431$2,943$1,900$1,199$744$209
37 years$4,264$2,795$1,778$1,105$674$182
38 years$4,106$2,656$1,665$1,018$611$158
39 years$3,956$2,526$1,560$939$554$137
40 years$3,814$2,403$1,463$866$503$119
41 years$3,680$2,287$1,371$799$456$103
42 years$3,552$2,178$1,286$738$414$90
43 years$3,431$2,076$1,207$681$376$78
44 years$3,315$1,978$1,133$629$341$68
45 years$3,205$1,887$1,064$581$309$59
46 years$3,100$1,800$999$536$281$51
47 years$2,999$1,718$939$495$255$44
48 years$2,903$1,640$882$458$232$39
49 years$2,812$1,566$829$423$210$33
50 years$2,724$1,496$780$391$191$29

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 $6,857 every year, while hoping to spend $35,173 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: 28/44/28 Blend
50$2,790,000$2,790,000$2,790,000$2,790,000
51$3,081,653$2,933,783$2,890,538$3,141,035
52$3,358,558$3,040,115$2,949,947$3,295,394
53$3,662,528$3,150,478$3,010,168$3,457,623
54$3,996,287$3,265,032$3,071,190$3,631,213
55$4,362,836$3,383,946$3,133,002$3,817,163
56$4,765,478$3,507,393$3,195,591$4,016,569
57$5,207,856$3,635,554$3,258,942$4,230,635
58$5,693,979$3,768,618$3,323,038$4,460,680
59$6,228,267$3,906,782$3,387,862$4,708,155
60$6,815,588$4,050,252$3,453,393$4,974,649
61$7,461,305$4,199,241$3,519,608$5,261,910
62$8,171,326$4,353,972$3,586,484$5,571,857
63$8,952,162$4,514,678$3,653,992$5,906,598
64$9,810,985$4,681,600$3,722,103$6,268,450
65$10,755,698$4,854,990$3,790,786$6,659,957
66$11,795,007$5,035,113$3,860,005$7,083,920
67$12,938,506$5,222,242$3,929,723$7,543,412
68$14,196,765$5,416,662$3,999,900$8,041,817
69$15,581,430$5,618,674$4,070,492$8,582,852
70$17,105,333$5,828,586$4,141,451$9,170,608
71$18,782,614$6,046,724$4,212,727$9,809,582
72$20,628,853$6,273,426$4,284,265$10,504,723
73$22,661,217$6,509,044$4,356,009$11,261,472
74$24,898,620$6,753,947$4,427,894$12,085,819
75$27,361,906$7,008,517$4,499,855$12,984,353
76$30,074,042$7,273,156$4,571,822$13,964,325
77$33,060,333$7,548,280$4,643,717$15,033,714
78$36,348,667$7,834,325$4,715,462$16,201,304
79$39,969,771$8,131,747$4,786,970$17,476,759
80$43,957,504$8,441,019$4,858,149$18,870,722
81$48,349,176$8,762,635$4,928,904$20,394,904
82$53,185,901$9,097,114$4,999,131$22,062,200
83$58,512,983$9,444,992$5,068,722$23,886,807
84$64,380,344$9,806,834$5,137,561$25,884,356
85$70,842,995$10,183,225$5,205,526$28,072,056
86$77,961,557$10,574,779$5,272,487$30,468,857
87$85,802,828$10,982,135$5,338,307$33,095,627
88$94,440,418$11,405,961$5,402,842$35,975,346
89$103,955,442$11,846,954$5,465,938$39,133,320
90$114,437,284$12,305,842$5,527,435$42,597,418
91$125,984,443$12,783,385$5,587,160$46,398,336
92$138,705,462$13,280,376$5,644,935$50,569,878
93$152,719,948$13,797,644$5,700,570$55,149,280
94$168,159,708$14,336,053$5,753,864$60,177,553
95$185,169,986$14,896,508$5,804,606$65,699,870
96$203,910,839$15,479,952$5,852,575$71,765,989
97$224,558,645$16,087,370$5,897,537$78,430,721
98$247,307,768$16,719,791$5,939,245$85,754,444
99$272,372,391$17,378,292$5,977,441$93,803,667
100$299,988,542$18,063,996$6,011,852$102,651,659