Can I retire at age 51 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$219,660$217,704$215,795$213,932$212,112$209,984
2 years$108,743$106,717$104,755$102,852$101,006$98,863
3 years$71,775$69,741$67,783$65,898$64,082$61,990
4 years$53,295$51,267$49,329$47,476$45,704$43,679
5 years$42,210$40,194$38,281$36,466$34,743$32,792
6 years$34,822$32,821$30,937$29,162$27,491$25,615
7 years$29,547$27,563$25,709$23,976$22,358$20,558
8 years$25,593$23,627$21,803$20,113$18,548$16,825
9 years$22,519$20,571$18,779$17,132$15,620$13,973
10 years$20,061$18,133$16,372$14,768$13,309$11,736
11 years$18,051$16,143$14,414$12,852$11,446$9,947
12 years$16,378$14,489$12,792$11,273$9,919$8,492
13 years$14,963$13,094$11,429$9,952$8,650$7,293
14 years$13,751$11,902$10,269$8,835$7,582$6,294
15 years$12,702$10,872$9,271$7,879$6,676$5,454
16 years$11,785$9,975$8,406$7,055$5,900$4,743
17 years$10,976$9,187$7,649$6,339$5,232$4,136
18 years$10,259$8,489$6,982$5,712$4,652$3,617
19 years$9,617$7,868$6,392$5,162$4,146$3,169
20 years$9,040$7,311$5,866$4,675$3,703$2,782
21 years$8,519$6,810$5,396$4,243$3,314$2,446
22 years$8,046$6,357$4,973$3,858$2,971$2,154
23 years$7,615$5,945$4,592$3,513$2,667$1,899
24 years$7,220$5,570$4,247$3,204$2,397$1,676
25 years$6,858$5,227$3,933$2,926$2,157$1,481
26 years$6,524$4,913$3,648$2,676$1,943$1,309
27 years$6,215$4,624$3,387$2,449$1,752$1,158
28 years$5,929$4,357$3,149$2,244$1,580$1,025
29 years$5,662$4,110$2,930$2,058$1,427$908
30 years$5,415$3,882$2,730$1,888$1,289$805
31 years$5,183$3,669$2,545$1,734$1,166$714
32 years$4,967$3,472$2,374$1,594$1,055$633
33 years$4,764$3,288$2,217$1,466$954$562
34 years$4,573$3,116$2,071$1,349$864$499
35 years$4,394$2,956$1,937$1,242$783$443
36 years$4,225$2,806$1,812$1,143$709$393
37 years$4,065$2,665$1,696$1,053$643$349
38 years$3,914$2,532$1,588$971$583$310
39 years$3,772$2,408$1,488$895$528$276
40 years$3,637$2,291$1,394$826$479$245
41 years$3,508$2,181$1,307$762$435$218
42 years$3,387$2,077$1,226$703$395$193
43 years$3,271$1,979$1,151$649$358$172
44 years$3,160$1,886$1,080$599$325$153
45 years$3,055$1,799$1,014$554$295$136
46 years$2,955$1,716$953$511$268$121
47 years$2,860$1,638$895$472$243$107
48 years$2,768$1,563$841$436$221$96
49 years$2,681$1,493$791$403$201$85
50 years$2,597$1,426$743$373$182$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,660,000, adding $6,301 every year, while hoping to spend $50,686 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: 60/29/11 Blend
50$2,660,000$2,660,000$2,660,000$2,660,000
51$2,937,819$2,796,839$2,755,609$3,106,070
52$3,183,548$2,879,955$2,793,993$3,302,973
53$3,452,641$2,965,445$2,831,963$3,511,356
54$3,747,430$3,053,371$2,869,454$3,737,419
55$4,070,480$3,143,798$2,906,392$3,982,871
56$4,424,616$3,236,792$2,942,704$4,249,591
57$4,812,951$3,332,419$2,978,309$4,539,649
58$5,238,913$3,430,748$3,013,123$4,855,322
59$5,706,277$3,531,849$3,047,057$5,199,118
60$6,219,200$3,635,793$3,080,017$5,573,798
61$6,782,265$3,742,654$3,111,904$5,982,402
62$7,400,517$3,852,504$3,142,614$6,428,277
63$8,079,514$3,965,421$3,172,035$6,915,108
64$8,825,380$4,081,482$3,200,054$7,446,956
65$9,644,859$4,200,765$3,226,545$8,028,289
66$10,545,382$4,323,350$3,251,383$8,664,031
67$11,535,136$4,449,320$3,274,429$9,359,605
68$12,623,141$4,578,756$3,295,543$10,120,984
69$13,819,331$4,711,746$3,314,574$10,954,746
70$15,134,655$4,848,373$3,331,364$11,868,138
71$16,581,173$4,988,726$3,345,747$12,869,142
72$18,172,173$5,132,895$3,357,551$13,966,553
73$19,922,296$5,280,968$3,366,591$15,170,058
74$21,847,674$5,433,040$3,372,675$16,490,329
75$23,966,080$5,589,201$3,375,602$17,939,123
76$26,297,096$5,749,548$3,375,161$19,529,394
77$28,862,299$5,914,176$3,371,129$21,275,413
78$31,685,465$6,083,182$3,363,273$23,192,902
79$34,792,789$6,256,664$3,351,349$25,299,185
80$38,213,135$6,434,722$3,335,101$27,613,348
81$41,978,308$6,617,457$3,314,260$30,156,421
82$46,123,353$6,804,970$3,288,545$32,951,575
83$50,686,886$6,997,363$3,257,662$36,024,340
84$55,711,455$7,194,741$3,221,300$39,402,848
85$61,243,948$7,397,208$3,179,138$43,118,093
86$67,336,027$7,604,867$3,130,836$47,204,231
87$74,044,622$7,817,826$3,076,039$51,698,894
88$81,432,464$8,036,190$3,014,377$56,643,552
89$89,568,677$8,260,066$2,945,460$62,083,897
90$98,529,432$8,489,559$2,868,884$68,070,280
91$108,398,664$8,724,777$2,784,221$74,658,184
92$119,268,864$8,965,827$2,691,028$81,908,745
93$131,241,950$9,212,815$2,588,840$89,889,333
94$144,430,232$9,465,846$2,477,169$98,674,184
95$158,957,470$9,725,026$2,355,508$108,345,102
96$174,960,039$9,990,460$2,223,325$118,992,231
97$192,588,222$10,262,251$2,080,065$130,714,906
98$212,007,620$10,540,501$1,925,146$143,622,589
99$233,400,721$10,825,309$1,757,963$157,835,903
100$256,968,621$11,116,776$1,577,881$173,487,770