Can I retire at age 51 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$224,615$222,614$220,662$218,757$216,897$214,810
2 years$111,196$109,125$107,118$105,172$103,284$101,182
3 years$73,394$71,314$69,312$67,384$65,528$63,476
4 years$54,497$52,423$50,442$48,547$46,735$44,749
5 years$43,162$41,101$39,145$37,289$35,527$33,612
6 years$35,607$33,562$31,635$29,820$28,111$26,270
7 years$30,213$28,185$26,289$24,517$22,862$21,096
8 years$26,170$24,160$22,295$20,566$18,966$17,274
9 years$23,027$21,035$19,203$17,518$15,972$14,355
10 years$20,513$18,542$16,741$15,101$13,609$12,064
11 years$18,458$16,507$14,739$13,142$11,704$10,231
12 years$16,747$14,815$13,080$11,527$10,143$8,740
13 years$15,300$13,389$11,686$10,177$8,845$7,511
14 years$14,061$12,170$10,500$9,034$7,753$6,486
15 years$12,988$11,118$9,480$8,057$6,827$5,624
16 years$12,051$10,200$8,595$7,214$6,033$4,894
17 years$11,224$9,394$7,821$6,482$5,350$4,272
18 years$10,490$8,680$7,140$5,841$4,757$3,738
19 years$9,834$8,045$6,536$5,278$4,240$3,277
20 years$9,244$7,476$5,999$4,780$3,787$2,879
21 years$8,712$6,963$5,518$4,338$3,389$2,534
22 years$8,228$6,500$5,085$3,945$3,038$2,233
23 years$7,787$6,079$4,695$3,592$2,727$1,970
24 years$7,383$5,696$4,342$3,277$2,451$1,740
25 years$7,013$5,345$4,022$2,992$2,205$1,538
26 years$6,671$5,024$3,730$2,736$1,987$1,361
27 years$6,355$4,728$3,464$2,504$1,791$1,205
28 years$6,062$4,455$3,220$2,295$1,616$1,068
29 years$5,790$4,203$2,997$2,104$1,459$947
30 years$5,537$3,969$2,791$1,931$1,319$840
31 years$5,300$3,752$2,602$1,774$1,192$745
32 years$5,079$3,550$2,428$1,630$1,078$662
33 years$4,871$3,362$2,267$1,499$976$587
34 years$4,676$3,187$2,118$1,379$884$522
35 years$4,493$3,023$1,980$1,270$800$464
36 years$4,320$2,869$1,852$1,169$725$412
37 years$4,157$2,725$1,734$1,077$657$366
38 years$4,003$2,589$1,624$993$596$326
39 years$3,857$2,462$1,521$916$540$290
40 years$3,719$2,343$1,426$844$490$258
41 years$3,588$2,230$1,337$779$445$229
42 years$3,463$2,124$1,254$719$403$204
43 years$3,345$2,024$1,177$664$366$181
44 years$3,232$1,929$1,105$613$332$161
45 years$3,124$1,839$1,037$566$302$144
46 years$3,022$1,755$974$523$274$128
47 years$2,924$1,674$915$483$249$114
48 years$2,831$1,599$860$446$226$101
49 years$2,741$1,526$808$412$205$90
50 years$2,656$1,458$760$381$186$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,720,000, adding $4,675 every year, while hoping to spend $41,640 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: 64/7/29 Blend
50$2,720,000$2,720,000$2,720,000$2,720,000
51$3,002,262$2,858,102$2,815,942$3,170,908
52$3,264,188$2,953,845$2,865,972$3,381,517
53$3,551,435$3,052,883$2,916,282$3,606,567
54$3,866,542$3,155,334$2,966,837$3,851,593
55$4,212,305$3,261,321$3,017,601$4,118,567
56$4,591,803$3,370,969$3,068,535$4,409,657
57$5,008,431$3,484,410$3,119,594$4,727,253
58$5,465,925$3,601,781$3,170,735$5,073,988
59$5,968,402$3,723,221$3,221,907$5,452,762
60$6,520,398$3,848,878$3,273,060$5,866,768
61$7,126,909$3,978,903$3,324,138$6,319,525
62$7,793,439$4,113,455$3,375,082$6,814,909
63$8,526,053$4,252,696$3,425,830$7,357,190
64$9,331,429$4,396,798$3,476,315$7,951,072
65$10,216,930$4,545,936$3,526,466$8,601,739
66$11,190,662$4,700,292$3,576,208$9,314,900
67$12,261,562$4,860,058$3,625,463$10,096,847
68$13,439,470$5,025,430$3,674,145$10,954,510
69$14,735,233$5,196,613$3,722,166$11,895,528
70$16,160,799$5,373,820$3,769,431$12,928,315
71$17,729,334$5,557,271$3,815,840$14,062,143
72$19,455,344$5,747,195$3,861,289$15,307,229
73$21,354,812$5,943,830$3,905,665$16,674,828
74$23,445,349$6,147,423$3,948,850$18,177,345
75$25,746,359$6,358,232$3,990,721$19,828,447
76$28,279,224$6,576,522$4,031,147$21,643,195
77$31,067,504$6,802,570$4,069,990$23,638,183
78$34,137,158$7,036,665$4,107,103$25,831,700
79$37,516,791$7,279,104$4,142,334$28,243,894
80$41,237,922$7,530,199$4,175,520$30,896,970
81$45,335,283$7,790,271$4,206,493$33,815,398
82$49,847,144$8,059,657$4,235,073$37,026,139
83$54,815,676$8,338,704$4,261,071$40,558,905
84$60,287,348$8,627,773$4,284,290$44,446,438
85$66,313,366$8,927,243$4,304,522$48,724,817
86$72,950,154$9,237,502$4,321,548$53,433,801
87$80,259,888$9,558,958$4,335,139$58,617,202
88$88,311,083$9,892,034$4,345,052$64,323,302
89$97,179,238$10,237,167$4,351,036$70,605,305
90$106,947,547$10,594,816$4,352,823$77,521,841
91$117,707,689$10,965,454$4,350,135$85,137,520
92$129,560,688$11,349,575$4,342,678$93,523,541
93$142,617,867$11,747,693$4,330,147$102,758,364
94$157,001,901$12,160,342$4,312,218$112,928,453
95$172,847,972$12,588,076$4,288,555$124,129,089
96$190,305,047$13,031,473$4,258,803$136,465,272
97$209,537,280$13,491,134$4,222,592$150,052,710
98$230,725,567$13,967,684$4,179,533$165,018,914
99$254,069,247$14,461,772$4,129,219$181,504,402
100$279,787,986$14,974,076$4,071,224$199,664,021