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%17.8%
1 years$230,396$228,343$226,341$224,387$222,479$215,443
2 years$114,057$111,933$109,874$107,878$105,942$98,918
3 years$75,283$73,149$71,096$69,119$67,214$60,421
4 years$55,899$53,773$51,740$49,796$47,938$41,428
5 years$44,272$42,158$40,152$38,248$36,441$30,233
6 years$36,524$34,425$32,449$30,587$28,835$22,933
7 years$30,991$28,910$26,965$25,148$23,450$17,854
8 years$26,843$24,782$22,869$21,096$19,454$14,160
9 years$23,619$21,577$19,697$17,969$16,383$11,385
10 years$21,041$19,019$17,172$15,489$13,960$9,250
11 years$18,933$16,931$15,118$13,480$12,006$7,576
12 years$17,178$15,197$13,417$11,824$10,404$6,245
13 years$15,694$13,733$11,987$10,439$9,072$5,174
14 years$14,423$12,483$10,770$9,266$7,953$4,304
15 years$13,323$11,404$9,724$8,264$7,002$3,593
16 years$12,361$10,463$8,816$7,400$6,189$3,008
17 years$11,513$9,636$8,023$6,648$5,487$2,523
18 years$10,760$8,904$7,324$5,992$4,879$2,121
19 years$10,087$8,252$6,704$5,414$4,349$1,785
20 years$9,482$7,668$6,153$4,903$3,884$1,505
21 years$8,936$7,143$5,660$4,450$3,476$1,270
22 years$8,440$6,667$5,216$4,046$3,116$1,073
23 years$7,987$6,236$4,816$3,685$2,797$907
24 years$7,573$5,843$4,454$3,361$2,514$767
25 years$7,193$5,483$4,125$3,069$2,262$649
26 years$6,843$5,153$3,826$2,806$2,038$550
27 years$6,519$4,850$3,553$2,569$1,837$466
28 years$6,218$4,570$3,303$2,354$1,658$395
29 years$5,939$4,311$3,074$2,158$1,497$334
30 years$5,679$4,071$2,863$1,981$1,353$284
31 years$5,436$3,849$2,669$1,819$1,223$240
32 years$5,209$3,642$2,490$1,672$1,106$204
33 years$4,996$3,449$2,325$1,537$1,001$173
34 years$4,797$3,269$2,173$1,415$906$147
35 years$4,608$3,100$2,031$1,302$821$124
36 years$4,431$2,943$1,900$1,199$744$106
37 years$4,264$2,795$1,778$1,105$674$90
38 years$4,106$2,656$1,665$1,018$611$76
39 years$3,956$2,526$1,560$939$554$65
40 years$3,814$2,403$1,463$866$503$55
41 years$3,680$2,287$1,371$799$456$46
42 years$3,552$2,178$1,286$738$414$39
43 years$3,431$2,076$1,207$681$376$33
44 years$3,315$1,978$1,133$629$341$28
45 years$3,205$1,887$1,064$581$309$24
46 years$3,100$1,800$999$536$281$20
47 years$2,999$1,718$939$495$255$17
48 years$2,903$1,640$882$458$232$15
49 years$2,812$1,566$829$423$210$13
50 years$2,724$1,496$780$391$191$11

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 $6,306 every year, while hoping to spend $22,563 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: 58/21/21 Blend
50$2,790,000$2,790,000$2,790,000$2,790,000
51$3,081,085$2,933,215$2,889,970$3,242,191
52$3,371,348$3,052,935$2,962,777$3,472,225
53$3,690,463$3,177,766$3,037,267$3,719,914
54$4,041,347$3,307,933$3,113,472$3,989,458
55$4,427,217$3,443,675$3,191,426$4,282,973
56$4,851,615$3,585,237$3,271,161$4,602,785
57$5,318,446$3,732,880$3,352,711$4,951,454
58$5,832,011$3,886,874$3,436,110$5,331,795
59$6,397,048$4,047,503$3,521,392$5,746,908
60$7,018,780$4,215,063$3,608,591$6,200,203
61$7,702,959$4,389,865$3,697,742$6,695,433
62$8,455,924$4,572,232$3,788,881$7,236,729
63$9,284,661$4,762,504$3,882,041$7,828,638
64$10,196,866$4,961,036$3,977,258$8,476,164
65$11,201,018$5,168,199$4,074,568$9,184,817
66$12,306,462$5,384,381$4,174,006$9,960,663
67$13,523,494$5,609,988$4,275,608$10,810,381
68$14,863,459$5,845,446$4,379,410$11,741,323
69$16,338,858$6,091,199$4,485,446$12,761,584
70$17,963,466$6,347,713$4,593,754$13,880,081
71$19,752,464$6,615,475$4,704,368$15,106,630
72$21,722,575$6,894,993$4,817,325$16,452,042
73$23,892,232$7,186,802$4,932,660$17,928,222
74$26,281,744$7,491,459$5,050,408$19,548,281
75$28,913,490$7,809,549$5,170,604$21,326,661
76$31,812,130$8,141,681$5,293,284$23,279,265
77$35,004,840$8,488,496$5,418,481$25,423,611
78$38,521,564$8,850,663$5,546,231$27,778,994
79$42,395,300$9,228,882$5,676,567$30,366,666
80$46,662,411$9,623,887$5,809,521$33,210,038
81$51,362,964$10,036,445$5,945,128$36,334,895
82$56,541,116$10,467,360$6,083,419$39,769,645
83$62,245,521$10,917,472$6,224,424$43,545,577
84$68,529,797$11,387,661$6,368,176$47,697,164
85$75,453,030$11,878,850$6,514,703$52,262,379
86$83,080,328$12,392,003$6,664,035$57,283,056
87$91,483,439$12,928,129$6,816,198$62,805,283
88$100,741,429$13,488,286$6,971,220$68,879,833
89$110,941,425$14,073,582$7,129,125$75,562,645
90$122,179,437$14,685,175$7,289,938$82,915,345
91$134,561,269$15,324,278$7,453,681$91,005,830
92$148,203,514$15,992,162$7,620,374$99,908,908
93$163,234,652$16,690,159$7,790,037$109,706,995
94$179,796,270$17,419,660$7,962,686$120,490,897
95$198,044,391$18,182,124$8,138,337$132,360,665
96$218,150,951$18,979,080$8,317,003$145,426,531
97$240,305,419$19,812,127$8,498,695$159,809,953
98$264,716,590$20,682,939$8,683,419$175,644,754
99$291,614,552$21,593,272$8,871,183$193,078,384
100$321,252,856$22,544,963$9,061,988$212,273,311