Can I retire at age 51 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$228,744$226,706$224,719$222,778$220,884$219,860
2 years$113,240$111,131$109,087$107,105$105,183$104,150
3 years$74,743$72,625$70,586$68,623$66,732$65,722
4 years$55,499$53,387$51,369$49,439$47,594$46,614
5 years$43,955$41,856$39,864$37,974$36,180$35,233
6 years$36,262$34,179$32,216$30,368$28,628$27,715
7 years$30,769$28,703$26,772$24,967$23,282$22,404
8 years$26,651$24,604$22,705$20,944$19,315$18,471
9 years$23,450$21,422$19,556$17,840$16,266$15,457
10 years$20,890$18,883$17,049$15,378$13,859$13,085
11 years$18,798$16,810$15,010$13,384$11,920$11,179
12 years$17,055$15,088$13,321$11,739$10,329$9,621
13 years$15,582$13,635$11,901$10,364$9,007$8,332
14 years$14,320$12,394$10,693$9,200$7,896$7,252
15 years$13,227$11,322$9,655$8,205$6,952$6,339
16 years$12,272$10,388$8,753$7,347$6,144$5,562
17 years$11,430$9,567$7,965$6,601$5,448$4,895
18 years$10,683$8,840$7,271$5,949$4,844$4,319
19 years$10,015$8,193$6,656$5,375$4,318$3,820
20 years$9,414$7,613$6,109$4,868$3,857$3,385
21 years$8,872$7,091$5,619$4,418$3,451$3,005
22 years$8,379$6,620$5,179$4,017$3,093$2,672
23 years$7,930$6,191$4,782$3,659$2,777$2,379
24 years$7,519$5,801$4,422$3,337$2,496$2,121
25 years$7,141$5,444$4,096$3,047$2,246$1,893
26 years$6,794$5,116$3,799$2,786$2,023$1,690
27 years$6,472$4,815$3,527$2,550$1,824$1,511
28 years$6,174$4,537$3,279$2,337$1,646$1,352
29 years$5,897$4,280$3,052$2,143$1,486$1,210
30 years$5,639$4,042$2,842$1,967$1,343$1,084
31 years$5,398$3,821$2,650$1,806$1,214$971
32 years$5,172$3,616$2,472$1,660$1,098$871
33 years$4,961$3,424$2,309$1,526$994$781
34 years$4,762$3,245$2,157$1,404$900$701
35 years$4,575$3,078$2,017$1,293$815$629
36 years$4,399$2,922$1,886$1,191$738$565
37 years$4,233$2,775$1,766$1,097$669$507
38 years$4,076$2,637$1,654$1,011$607$455
39 years$3,928$2,508$1,549$932$550$409
40 years$3,787$2,386$1,452$860$499$368
41 years$3,653$2,271$1,362$793$453$330
42 years$3,527$2,163$1,277$732$411$297
43 years$3,406$2,061$1,198$676$373$267
44 years$3,291$1,964$1,125$624$338$240
45 years$3,182$1,873$1,056$576$307$216
46 years$3,077$1,787$992$532$279$194
47 years$2,978$1,705$932$492$253$175
48 years$2,883$1,628$876$455$230$157
49 years$2,792$1,555$823$420$209$141
50 years$2,704$1,485$774$388$190$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,770,000, adding $3,446 every year, while hoping to spend $36,680 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: 32/49/19 Blend
50$2,770,000$2,770,000$2,770,000$2,770,000
51$3,056,095$2,909,285$2,866,350$3,135,729
52$3,328,789$3,012,812$2,923,345$3,298,982
53$3,628,069$3,120,183$2,981,020$3,471,113
54$3,956,607$3,231,548$3,039,360$3,655,746
55$4,317,348$3,347,061$3,098,346$3,853,998
56$4,713,536$3,466,885$3,157,959$4,067,092
57$5,148,743$3,591,189$3,218,176$4,296,369
58$5,626,906$3,720,148$3,278,976$4,543,304
59$6,152,360$3,853,945$3,340,332$4,809,514
60$6,729,883$3,992,771$3,402,215$5,096,778
61$7,364,738$4,136,823$3,464,597$5,407,047
62$8,062,723$4,286,310$3,527,442$5,742,465
63$8,830,227$4,441,444$3,590,717$6,105,388
64$9,674,286$4,602,451$3,654,382$6,498,407
65$10,602,656$4,769,564$3,718,397$6,924,368
66$11,623,879$4,943,025$3,782,716$7,386,399
67$12,747,370$5,123,089$3,847,292$7,887,941
68$13,983,499$5,310,017$3,912,074$8,432,777
69$15,343,694$5,504,086$3,977,006$9,025,067
70$16,840,546$5,705,582$4,042,031$9,669,388
71$18,487,929$5,914,802$4,107,086$10,370,772
72$20,301,129$6,132,059$4,172,105$11,134,758
73$22,296,989$6,357,674$4,237,015$11,967,437
74$24,494,068$6,591,987$4,301,742$12,875,513
75$26,912,818$6,835,349$4,366,205$13,866,363
76$29,575,771$7,088,127$4,430,319$14,948,105
77$32,507,758$7,350,704$4,493,992$16,129,674
78$35,736,138$7,623,477$4,557,130$17,420,904
79$39,291,059$7,906,862$4,619,629$18,832,621
80$43,205,742$8,201,293$4,681,381$20,376,740
81$47,516,794$8,507,222$4,742,273$22,066,381
82$52,264,550$8,825,119$4,802,182$23,915,987
83$57,493,460$9,155,477$4,860,982$25,941,459
84$63,252,504$9,498,806$4,918,536$28,160,307
85$69,595,654$9,855,642$4,974,701$30,591,811
86$76,582,384$10,226,541$5,029,327$33,257,200
87$84,278,231$10,612,086$5,082,254$36,179,853
88$92,755,415$11,012,883$5,133,313$39,385,516
89$102,093,518$11,429,564$5,182,329$42,902,544
90$112,380,233$11,862,790$5,229,114$46,762,165
91$123,712,199$12,313,248$5,273,471$50,998,771
92$136,195,904$12,781,658$5,315,194$55,650,245
93$149,948,697$13,268,770$5,354,063$60,758,311
94$165,099,890$13,775,366$5,389,850$66,368,926
95$181,791,983$14,302,262$5,422,314$72,532,716
96$200,182,003$14,850,312$5,451,200$79,305,442
97$220,442,994$15,420,404$5,476,242$86,748,531
98$242,765,642$16,013,466$5,497,159$94,929,650
99$267,360,081$16,630,469$5,513,656$103,923,340
100$294,457,871$17,272,424$5,525,426$113,811,720