Can I retire at age 51 with 2,670,000?

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 $2,670,000?

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$220,486$218,522$216,606$214,736$212,910$206,177
2 years$109,152$107,119$105,149$103,238$101,385$94,663
3 years$72,045$70,003$68,038$66,146$64,323$57,822
4 years$53,495$51,460$49,514$47,654$45,876$39,647
5 years$42,368$40,345$38,425$36,603$34,874$28,933
6 years$34,953$32,945$31,053$29,272$27,595$21,947
7 years$29,658$27,667$25,805$24,066$22,442$17,086
8 years$25,689$23,716$21,885$20,188$18,618$13,551
9 years$22,603$20,649$18,850$17,196$15,679$10,896
10 years$20,136$18,201$16,433$14,823$13,359$8,852
11 years$18,119$16,203$14,468$12,901$11,489$7,250
12 years$16,439$14,543$12,840$11,316$9,956$5,976
13 years$15,019$13,143$11,471$9,990$8,682$4,951
14 years$13,803$11,946$10,307$8,868$7,611$4,119
15 years$12,750$10,913$9,306$7,909$6,701$3,439
16 years$11,829$10,013$8,437$7,081$5,922$2,878
17 years$11,018$9,221$7,678$6,362$5,251$2,415
18 years$10,297$8,521$7,009$5,734$4,669$2,030
19 years$9,653$7,897$6,416$5,181$4,162$1,709
20 years$9,074$7,338$5,888$4,692$3,717$1,440
21 years$8,552$6,835$5,416$4,259$3,327$1,216
22 years$8,077$6,381$4,992$3,872$2,982$1,027
23 years$7,644$5,968$4,609$3,526$2,677$868
24 years$7,248$5,591$4,263$3,216$2,406$734
25 years$6,884$5,247$3,948$2,937$2,165$621
26 years$6,548$4,931$3,662$2,686$1,950$526
27 years$6,238$4,641$3,400$2,458$1,758$446
28 years$5,951$4,373$3,161$2,252$1,586$378
29 years$5,684$4,126$2,941$2,065$1,432$320
30 years$5,435$3,896$2,740$1,896$1,294$271
31 years$5,203$3,683$2,554$1,741$1,170$230
32 years$4,985$3,485$2,383$1,600$1,059$195
33 years$4,782$3,300$2,225$1,471$958$166
34 years$4,590$3,128$2,079$1,354$867$140
35 years$4,410$2,967$1,944$1,246$786$119
36 years$4,241$2,816$1,818$1,148$712$101
37 years$4,080$2,675$1,702$1,057$645$86
38 years$3,929$2,542$1,594$975$585$73
39 years$3,786$2,417$1,493$899$530$62
40 years$3,650$2,300$1,400$829$481$52
41 years$3,522$2,189$1,312$765$436$44
42 years$3,399$2,085$1,231$706$396$38
43 years$3,283$1,986$1,155$652$359$32
44 years$3,172$1,893$1,084$602$326$27
45 years$3,067$1,806$1,018$556$296$23
46 years$2,966$1,722$956$513$269$20
47 years$2,870$1,644$898$474$244$17
48 years$2,779$1,569$844$438$222$14
49 years$2,691$1,498$794$405$201$12
50 years$2,607$1,431$746$374$183$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,670,000, adding $4,292 every year, while hoping to spend $37,376 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: 28/49/23 Blend
50$2,670,000$2,670,000$2,670,000$2,670,000
51$2,946,767$2,805,257$2,763,872$3,007,904
52$3,207,570$2,902,947$2,816,694$3,153,811
53$3,493,721$3,004,171$2,870,033$3,306,890
54$3,807,768$3,109,063$2,923,866$3,470,582
55$4,152,515$3,217,761$2,978,171$3,645,818
56$4,531,051$3,330,411$3,032,919$3,833,620
57$4,946,780$3,447,163$3,088,083$4,035,107
58$5,403,451$3,568,173$3,143,633$4,251,510
59$5,905,193$3,693,603$3,199,534$4,484,179
60$6,456,556$3,823,623$3,255,752$4,734,596
61$7,062,552$3,958,409$3,312,248$5,004,390
62$7,728,705$4,098,143$3,368,980$5,295,348
63$8,461,096$4,243,016$3,425,905$5,609,435
64$9,266,430$4,393,225$3,482,975$5,948,810
65$10,152,090$4,548,978$3,540,139$6,315,845
66$11,126,213$4,710,487$3,597,343$6,713,148
67$12,197,762$4,877,977$3,654,530$7,143,587
68$13,376,615$5,051,679$3,711,637$7,610,314
69$14,673,654$5,231,835$3,768,601$8,116,794
70$16,100,867$5,418,696$3,825,350$8,666,841
71$17,671,468$5,612,524$3,881,811$9,264,648
72$19,400,011$5,813,591$3,937,906$9,914,828
73$21,302,537$6,022,182$3,993,550$10,622,457
74$23,396,718$6,238,590$4,048,656$11,393,117
75$25,702,026$6,463,125$4,103,129$12,232,954
76$28,239,920$6,696,105$4,156,871$13,148,729
77$31,034,042$6,937,864$4,209,776$14,147,885
78$34,110,444$7,188,749$4,261,734$15,238,612
79$37,497,834$7,449,122$4,312,626$16,429,926
80$41,227,843$7,719,359$4,362,329$17,731,751
81$45,335,328$7,999,853$4,410,713$19,155,014
82$49,858,697$8,291,012$4,457,637$20,711,743
83$54,840,274$8,593,261$4,502,957$22,415,181
84$60,326,695$8,907,043$4,546,520$24,279,911
85$66,369,351$9,232,822$4,588,161$26,321,989
86$73,024,873$9,571,078$4,627,712$28,559,095
87$80,355,661$9,922,313$4,664,993$31,010,700
88$88,430,482$10,287,049$4,699,813$33,698,245
89$97,325,107$10,665,831$4,731,973$36,645,344
90$107,123,039$11,059,227$4,761,265$39,878,004
91$117,916,288$11,467,829$4,787,467$43,424,868
92$129,806,250$11,892,253$4,810,347$47,317,485
93$142,904,657$12,333,143$4,829,663$51,590,604
94$157,334,634$12,791,168$4,845,159$56,282,500
95$173,231,860$13,267,029$4,856,565$61,435,334
96$190,745,850$13,761,453$4,863,600$67,095,548
97$210,041,363$14,275,201$4,865,967$73,314,302
98$231,299,961$14,809,065$4,863,356$80,147,950
99$254,721,719$15,363,871$4,855,440$87,658,576
100$280,527,114$15,940,481$4,841,877$95,914,573