Can I retire at age 51 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$226,267$224,251$222,285$220,366$218,491$212,263
2 years$112,013$109,927$107,905$105,945$104,044$97,817
3 years$73,934$71,839$69,822$67,880$66,010$59,980
4 years$54,898$52,809$50,812$48,904$47,079$41,292
5 years$43,479$41,403$39,433$37,563$35,788$30,261
6 years$35,869$33,809$31,867$30,039$28,318$23,055
7 years$30,436$28,392$26,482$24,697$23,030$18,031
8 years$26,362$24,337$22,459$20,718$19,106$14,368
9 years$23,196$21,190$19,344$17,647$16,090$11,609
10 years$20,664$18,678$16,864$15,212$13,709$9,479
11 years$18,594$16,628$14,847$13,239$11,790$7,804
12 years$16,870$14,924$13,176$11,612$10,217$6,467
13 years$15,413$13,487$11,772$10,252$8,910$5,387
14 years$14,165$12,260$10,577$9,100$7,810$4,506
15 years$13,084$11,199$9,550$8,116$6,877$3,783
16 years$12,139$10,275$8,658$7,267$6,078$3,185
17 years$11,307$9,463$7,879$6,529$5,389$2,688
18 years$10,567$8,744$7,192$5,884$4,792$2,272
19 years$9,906$8,104$6,584$5,317$4,271$1,925
20 years$9,312$7,531$6,043$4,815$3,815$1,632
21 years$8,776$7,015$5,558$4,370$3,414$1,386
22 years$8,288$6,548$5,123$3,974$3,060$1,178
23 years$7,844$6,124$4,730$3,619$2,747$1,002
24 years$7,438$5,738$4,374$3,301$2,469$853
25 years$7,064$5,385$4,052$3,014$2,222$727
26 years$6,720$5,061$3,758$2,756$2,001$619
27 years$6,402$4,763$3,489$2,523$1,804$528
28 years$6,107$4,488$3,244$2,311$1,628$450
29 years$5,833$4,234$3,019$2,120$1,470$384
30 years$5,577$3,998$2,812$1,945$1,328$328
31 years$5,339$3,780$2,621$1,787$1,201$280
32 years$5,116$3,576$2,446$1,642$1,086$239
33 years$4,907$3,387$2,284$1,510$983$204
34 years$4,711$3,210$2,134$1,389$890$174
35 years$4,526$3,045$1,995$1,279$806$149
36 years$4,352$2,890$1,866$1,178$730$127
37 years$4,187$2,745$1,747$1,085$662$109
38 years$4,032$2,608$1,636$1,000$600$93
39 years$3,885$2,480$1,532$922$544$79
40 years$3,746$2,360$1,436$851$494$68
41 years$3,614$2,246$1,347$785$448$58
42 years$3,488$2,139$1,263$724$406$49
43 years$3,369$2,038$1,185$669$369$42
44 years$3,256$1,943$1,113$617$335$36
45 years$3,147$1,853$1,045$570$304$31
46 years$3,044$1,768$981$527$276$26
47 years$2,946$1,687$922$487$251$23
48 years$2,851$1,610$866$450$228$19
49 years$2,761$1,538$814$416$207$16
50 years$2,675$1,469$766$384$188$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,740,000, adding $6,004 every year, while hoping to spend $44,471 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: 60/14/26 Blend
50$2,740,000$2,740,000$2,740,000$2,740,000
51$3,025,673$2,880,453$2,837,983$3,185,717
52$3,286,975$2,974,279$2,885,739$3,389,210
53$3,573,439$3,071,211$2,933,604$3,605,832
54$3,887,585$3,171,356$2,981,535$3,841,250
55$4,232,188$3,274,821$3,029,486$4,097,303
56$4,610,305$3,381,721$3,077,407$4,376,016
57$5,025,303$3,492,172$3,125,246$4,679,617
58$5,480,889$3,606,294$3,172,948$5,010,563
59$5,981,150$3,724,213$3,220,452$5,371,556
60$6,530,586$3,846,058$3,267,696$5,765,574
61$7,134,155$3,971,963$3,314,612$6,195,897
62$7,797,316$4,102,067$3,361,130$6,666,138
63$8,526,088$4,236,514$3,407,173$7,180,275
64$9,327,098$4,375,453$3,452,662$7,742,692
65$10,207,649$4,519,036$3,497,513$8,358,216
66$11,175,785$4,667,425$3,541,636$9,032,168
67$12,240,370$4,820,784$3,584,936$9,770,406
68$13,411,170$4,979,284$3,627,313$10,579,385
69$14,698,943$5,143,103$3,668,662$11,466,218
70$16,115,543$5,312,423$3,708,870$12,438,738
71$17,674,032$5,487,436$3,747,821$13,505,580
72$19,388,800$5,668,337$3,785,390$14,676,253
73$21,275,703$5,855,330$3,821,445$15,961,237
74$23,352,212$6,048,628$3,855,850$17,372,076
75$25,637,575$6,248,449$3,888,459$18,921,493
76$28,153,003$6,455,019$3,919,118$20,623,503
77$30,921,868$6,668,573$3,947,667$22,493,551
78$33,969,921$6,889,355$3,973,936$24,548,655
79$37,325,537$7,117,617$3,997,747$26,807,565
80$41,019,982$7,353,621$4,018,912$29,290,943
81$45,087,708$7,597,637$4,037,234$32,021,556
82$49,566,679$7,849,945$4,052,505$35,024,490
83$54,498,726$8,110,838$4,064,510$38,327,390
84$59,929,943$8,380,616$4,073,018$41,960,716
85$65,911,123$8,659,592$4,077,790$45,958,034
86$72,498,236$8,948,091$4,078,574$50,356,331
87$79,752,955$9,246,447$4,075,106$55,196,365
88$87,743,244$9,555,010$4,067,109$60,523,049
89$96,543,989$9,874,140$4,054,292$66,385,874
90$106,237,715$10,204,211$4,036,350$72,839,379
91$116,915,357$10,545,613$4,012,963$79,943,662
92$128,677,123$10,898,748$3,983,797$87,764,950
93$141,633,436$11,264,033$3,948,500$96,376,220
94$155,905,977$11,641,901$3,906,705$105,857,895
95$171,628,834$12,032,801$3,858,027$116,298,597
96$188,949,766$12,437,199$3,802,062$127,795,983
97$208,031,599$12,855,579$3,738,388$140,457,672
98$229,053,762$13,288,442$3,666,563$154,402,258
99$252,213,977$13,736,307$3,586,125$169,760,428
100$277,730,132$14,199,715$3,496,589$186,676,198