Can I retire at age 51 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$230,396$228,343$226,341$224,387$222,479$213,651
2 years$114,057$111,933$109,874$107,878$105,942$97,158
3 years$75,283$73,149$71,096$69,119$67,214$58,750
4 years$55,899$53,773$51,740$49,796$47,938$39,858
5 years$44,272$42,158$40,152$38,248$36,441$28,767
6 years$36,524$34,425$32,449$30,587$28,835$21,570
7 years$30,991$28,910$26,965$25,148$23,450$16,593
8 years$26,843$24,782$22,869$21,096$19,454$12,997
9 years$23,619$21,577$19,697$17,969$16,383$10,317
10 years$21,041$19,019$17,172$15,489$13,960$8,271
11 years$18,933$16,931$15,118$13,480$12,006$6,683
12 years$17,178$15,197$13,417$11,824$10,404$5,432
13 years$15,694$13,733$11,987$10,439$9,072$4,436
14 years$14,423$12,483$10,770$9,266$7,953$3,637
15 years$13,323$11,404$9,724$8,264$7,002$2,991
16 years$12,361$10,463$8,816$7,400$6,189$2,466
17 years$11,513$9,636$8,023$6,648$5,487$2,037
18 years$10,760$8,904$7,324$5,992$4,879$1,685
19 years$10,087$8,252$6,704$5,414$4,349$1,396
20 years$9,482$7,668$6,153$4,903$3,884$1,158
21 years$8,936$7,143$5,660$4,450$3,476$962
22 years$8,440$6,667$5,216$4,046$3,116$799
23 years$7,987$6,236$4,816$3,685$2,797$664
24 years$7,573$5,843$4,454$3,361$2,514$553
25 years$7,193$5,483$4,125$3,069$2,262$460
26 years$6,843$5,153$3,826$2,806$2,038$383
27 years$6,519$4,850$3,553$2,569$1,837$319
28 years$6,218$4,570$3,303$2,354$1,658$266
29 years$5,939$4,311$3,074$2,158$1,497$221
30 years$5,679$4,071$2,863$1,981$1,353$184
31 years$5,436$3,849$2,669$1,819$1,223$154
32 years$5,209$3,642$2,490$1,672$1,106$128
33 years$4,996$3,449$2,325$1,537$1,001$107
34 years$4,797$3,269$2,173$1,415$906$89
35 years$4,608$3,100$2,031$1,302$821$74
36 years$4,431$2,943$1,900$1,199$744$62
37 years$4,264$2,795$1,778$1,105$674$52
38 years$4,106$2,656$1,665$1,018$611$43
39 years$3,956$2,526$1,560$939$554$36
40 years$3,814$2,403$1,463$866$503$30
41 years$3,680$2,287$1,371$799$456$25
42 years$3,552$2,178$1,286$738$414$21
43 years$3,431$2,076$1,207$681$376$17
44 years$3,315$1,978$1,133$629$341$14
45 years$3,205$1,887$1,064$581$309$12
46 years$3,100$1,800$999$536$281$10
47 years$2,999$1,718$939$495$255$8
48 years$2,903$1,640$882$458$232$7
49 years$2,812$1,566$829$423$210$6
50 years$2,724$1,496$780$391$191$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,790,000, adding $4,836 every year, while hoping to spend $33,715 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: 35/45/20 Blend
50$2,790,000$2,790,000$2,790,000$2,790,000
51$3,079,568$2,931,698$2,888,453$3,168,420
52$3,357,812$3,039,479$2,949,344$3,341,835
53$3,663,306$3,151,411$3,011,145$3,525,349
54$3,998,795$3,267,662$3,073,850$3,722,660
55$4,367,302$3,388,407$3,137,453$3,935,015
56$4,772,156$3,513,829$3,201,948$4,163,783
57$5,217,027$3,644,116$3,267,323$4,410,468
58$5,705,954$3,779,469$3,333,569$4,676,718
59$6,243,391$3,920,093$3,400,673$4,964,347
60$6,834,242$4,066,203$3,468,622$5,275,345
61$7,483,913$4,218,024$3,537,398$5,611,900
62$8,198,355$4,375,791$3,606,984$5,976,414
63$8,984,130$4,539,748$3,677,361$6,371,529
64$9,848,465$4,710,149$3,748,506$6,800,149
65$10,799,322$4,887,260$3,820,395$7,265,465
66$11,845,476$5,071,358$3,893,001$7,770,987
67$12,996,593$5,262,733$3,966,295$8,320,574
68$14,263,325$5,461,686$4,040,245$8,918,470
69$15,657,407$5,668,532$4,114,816$9,569,342
70$17,191,771$5,883,599$4,189,971$10,278,326
71$18,880,666$6,107,229$4,265,669$11,051,072
72$20,739,790$6,339,780$4,341,866$11,893,793
73$22,786,445$6,581,625$4,418,514$12,813,329
74$25,039,691$6,833,153$4,495,563$13,817,205
75$27,520,532$7,094,770$4,572,957$14,913,704
76$30,252,113$7,366,901$4,650,638$16,111,939
77$33,259,936$7,649,987$4,728,542$17,421,944
78$36,572,104$7,944,491$4,806,603$18,854,761
79$40,219,583$8,250,894$4,884,748$20,422,546
80$44,236,493$8,569,701$4,962,900$22,138,684
81$48,660,435$8,901,437$5,040,977$24,017,906
82$53,532,842$9,246,650$5,118,892$26,076,435
83$58,899,369$9,605,913$5,196,552$28,332,132
84$64,810,327$9,979,824$5,273,859$30,804,663
85$71,321,154$10,369,009$5,350,706$33,515,685
86$78,492,940$10,774,119$5,426,984$36,489,044
87$86,393,006$11,195,837$5,502,573$39,751,004
88$95,095,532$11,634,872$5,577,349$43,330,487
89$104,682,264$12,091,969$5,651,178$47,259,345
90$115,243,284$12,567,904$5,723,921$51,572,661
91$126,877,855$13,063,488$5,795,429$56,309,073
92$139,695,365$13,579,568$5,865,545$61,511,139
93$153,816,354$14,117,028$5,934,102$67,225,736
94$169,373,654$14,676,794$6,000,927$73,504,496
95$186,513,641$15,259,832$6,065,832$80,404,296
96$205,397,620$15,867,151$6,128,625$87,987,787
97$226,203,341$16,499,805$6,189,097$96,323,983
98$249,126,683$17,158,897$6,247,034$105,488,909
99$274,383,500$17,845,578$6,302,205$115,566,319
100$302,211,658$18,561,053$6,354,370$126,648,475