Can I retire at age 51 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$198,190$196,424$194,702$193,021$191,379$188,910
2 years$98,114$96,286$94,516$92,799$91,133$88,648
3 years$64,759$62,924$61,158$59,457$57,819$55,396
4 years$48,086$46,256$44,507$42,835$41,237$38,895
5 years$38,084$36,265$34,539$32,902$31,347$29,094
6 years$31,418$29,613$27,913$26,312$24,804$22,641
7 years$26,659$24,869$23,196$21,632$20,172$18,100
8 years$23,091$21,318$19,672$18,147$16,735$14,754
9 years$20,318$18,561$16,943$15,457$14,093$12,202
10 years$18,100$16,360$14,772$13,324$12,008$10,206
11 years$16,287$14,565$13,005$11,596$10,327$8,613
12 years$14,777$13,072$11,541$10,171$8,950$7,320
13 years$13,500$11,814$10,311$8,980$7,804$6,258
14 years$12,407$10,738$9,265$7,971$6,841$5,375
15 years$11,460$9,810$8,365$7,109$6,023$4,636
16 years$10,633$9,000$7,584$6,365$5,324$4,012
17 years$9,904$8,289$6,901$5,719$4,720$3,482
18 years$9,256$7,659$6,300$5,154$4,197$3,029
19 years$8,677$7,099$5,767$4,657$3,741$2,641
20 years$8,157$6,596$5,293$4,218$3,341$2,307
21 years$7,687$6,144$4,868$3,828$2,990$2,018
22 years$7,260$5,735$4,487$3,481$2,680$1,767
23 years$6,871$5,364$4,143$3,170$2,406$1,550
24 years$6,515$5,026$3,832$2,891$2,163$1,360
25 years$6,188$4,717$3,549$2,640$1,946$1,195
26 years$5,886$4,433$3,291$2,414$1,753$1,051
27 years$5,607$4,172$3,056$2,210$1,580$925
28 years$5,349$3,931$2,841$2,025$1,426$814
29 years$5,109$3,708$2,644$1,857$1,288$717
30 years$4,885$3,502$2,463$1,704$1,163$632
31 years$4,677$3,311$2,296$1,565$1,052$557
32 years$4,481$3,133$2,142$1,438$951$491
33 years$4,298$2,967$2,000$1,323$861$433
34 years$4,126$2,812$1,869$1,217$780$382
35 years$3,964$2,667$1,747$1,120$706$337
36 years$3,812$2,531$1,634$1,032$640$298
37 years$3,668$2,404$1,530$951$580$263
38 years$3,532$2,285$1,433$876$526$232
39 years$3,403$2,173$1,342$808$477$205
40 years$3,281$2,067$1,258$745$432$181
41 years$3,165$1,968$1,180$687$392$160
42 years$3,056$1,874$1,107$634$356$141
43 years$2,951$1,785$1,038$586$323$125
44 years$2,852$1,702$975$541$293$110
45 years$2,757$1,623$915$499$266$98
46 years$2,666$1,548$860$461$242$86
47 years$2,580$1,477$808$426$219$76
48 years$2,498$1,410$759$394$199$67
49 years$2,419$1,347$713$364$181$60
50 years$2,343$1,287$671$336$164$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,400,000, adding $2,811 every year, while hoping to spend $41,071 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: 52/32/16 Blend
50$2,400,000$2,400,000$2,400,000$2,400,000
51$2,647,700$2,520,500$2,483,300$2,773,743
52$2,874,066$2,600,305$2,522,791$2,940,231
53$3,122,145$2,682,644$2,562,229$3,116,653
54$3,394,108$2,767,598$2,601,568$3,307,626
55$3,692,346$2,855,250$2,640,760$3,514,541
56$4,019,495$2,945,686$2,679,754$3,738,928
57$4,378,454$3,038,995$2,718,497$3,982,470
58$4,772,419$3,135,270$2,756,930$4,247,020
59$5,204,911$3,234,603$2,794,992$4,534,616
60$5,679,807$3,337,093$2,832,619$4,847,503
61$6,201,378$3,442,842$2,869,743$5,188,151
62$6,774,330$3,551,952$2,906,290$5,559,280
63$7,403,846$3,664,531$2,942,185$5,963,883
64$8,095,636$3,780,691$2,977,346$6,405,256
65$8,855,991$3,900,546$3,011,687$6,887,030
66$9,691,843$4,024,213$3,045,119$7,413,200
67$10,610,826$4,151,815$3,077,546$7,988,167
68$11,621,354$4,283,478$3,108,868$8,616,778
69$12,732,695$4,419,331$3,138,978$9,304,370
70$13,955,060$4,559,508$3,167,764$10,056,822
71$15,299,701$4,704,149$3,195,109$10,880,608
72$16,779,014$4,853,396$3,220,888$11,782,860
73$18,406,658$5,007,396$3,244,972$12,771,432
74$20,197,680$5,166,302$3,267,222$13,854,976
75$22,168,664$5,330,271$3,287,494$15,043,023
76$24,337,879$5,499,466$3,305,637$16,346,073
77$26,725,456$5,674,053$3,321,489$17,775,692
78$29,353,577$5,854,206$3,334,883$19,344,621
79$32,246,683$6,040,104$3,345,643$21,066,896
80$35,431,706$6,231,930$3,353,584$22,957,983
81$38,938,321$6,429,876$3,358,510$25,034,917
82$42,799,227$6,634,137$3,360,217$27,316,470
83$47,050,456$6,844,916$3,358,491$29,823,321
84$51,731,709$7,062,424$3,353,107$32,578,256
85$56,886,736$7,286,876$3,343,829$35,606,378
86$62,563,745$7,518,495$3,330,410$38,935,346
87$68,815,859$7,757,513$3,312,590$42,595,636
88$75,701,612$8,004,166$3,290,097$46,620,828
89$83,285,507$8,258,701$3,262,647$51,047,918
90$91,638,624$8,521,372$3,229,940$55,917,674
91$100,839,285$8,792,441$3,191,665$61,275,015
92$110,973,799$9,072,178$3,147,493$67,169,437
93$122,137,275$9,360,863$3,097,082$73,655,478
94$134,434,516$9,658,784$3,040,073$80,793,231
95$147,981,011$9,966,239$2,976,090$88,648,916
96$162,904,025$10,283,536$2,904,740$97,295,499
97$179,343,799$10,610,993$2,825,612$106,813,382
98$197,454,872$10,948,937$2,738,276$117,291,162
99$217,407,542$11,297,707$2,642,280$128,826,466
100$239,389,470$11,657,654$2,537,156$141,526,872