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%14.9%
1 years$198,190$196,424$194,702$193,021$191,379$187,515
2 years$98,114$96,286$94,516$92,799$91,133$87,257
3 years$64,759$62,924$61,158$59,457$57,819$54,051
4 years$48,086$46,256$44,507$42,835$41,237$37,608
5 years$38,084$36,265$34,539$32,902$31,347$27,867
6 years$31,418$29,613$27,913$26,312$24,804$21,475
7 years$26,659$24,869$23,196$21,632$20,172$16,996
8 years$23,091$21,318$19,672$18,147$16,735$13,711
9 years$20,318$18,561$16,943$15,457$14,093$11,219
10 years$18,100$16,360$14,772$13,324$12,008$9,281
11 years$16,287$14,565$13,005$11,596$10,327$7,744
12 years$14,777$13,072$11,541$10,171$8,950$6,506
13 years$13,500$11,814$10,311$8,980$7,804$5,496
14 years$12,407$10,738$9,265$7,971$6,841$4,664
15 years$11,460$9,810$8,365$7,109$6,023$3,973
16 years$10,633$9,000$7,584$6,365$5,324$3,396
17 years$9,904$8,289$6,901$5,719$4,720$2,909
18 years$9,256$7,659$6,300$5,154$4,197$2,498
19 years$8,677$7,099$5,767$4,657$3,741$2,149
20 years$8,157$6,596$5,293$4,218$3,341$1,852
21 years$7,687$6,144$4,868$3,828$2,990$1,598
22 years$7,260$5,735$4,487$3,481$2,680$1,381
23 years$6,871$5,364$4,143$3,170$2,406$1,194
24 years$6,515$5,026$3,832$2,891$2,163$1,034
25 years$6,188$4,717$3,549$2,640$1,946$895
26 years$5,886$4,433$3,291$2,414$1,753$776
27 years$5,607$4,172$3,056$2,210$1,580$673
28 years$5,349$3,931$2,841$2,025$1,426$584
29 years$5,109$3,708$2,644$1,857$1,288$507
30 years$4,885$3,502$2,463$1,704$1,163$440
31 years$4,677$3,311$2,296$1,565$1,052$382
32 years$4,481$3,133$2,142$1,438$951$332
33 years$4,298$2,967$2,000$1,323$861$288
34 years$4,126$2,812$1,869$1,217$780$251
35 years$3,964$2,667$1,747$1,120$706$218
36 years$3,812$2,531$1,634$1,032$640$190
37 years$3,668$2,404$1,530$951$580$165
38 years$3,532$2,285$1,433$876$526$143
39 years$3,403$2,173$1,342$808$477$125
40 years$3,281$2,067$1,258$745$432$108
41 years$3,165$1,968$1,180$687$392$94
42 years$3,056$1,874$1,107$634$356$82
43 years$2,951$1,785$1,038$586$323$71
44 years$2,852$1,702$975$541$293$62
45 years$2,757$1,623$915$499$266$54
46 years$2,666$1,548$860$461$242$47
47 years$2,580$1,477$808$426$219$41
48 years$2,498$1,410$759$394$199$36
49 years$2,419$1,347$713$364$181$31
50 years$2,343$1,287$671$336$164$27

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 $3,751 every year, while hoping to spend $48,636 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: 53/25/22 Blend
50$2,400,000$2,400,000$2,400,000$2,400,000
51$2,648,669$2,521,469$2,484,269$2,772,800
52$2,867,085$2,593,273$2,515,744$2,930,453
53$3,106,149$2,666,965$2,546,643$3,096,552
54$3,367,917$2,742,586$2,576,896$3,276,274
55$3,654,650$2,820,179$2,606,427$3,470,935
56$3,968,841$2,899,784$2,635,159$3,681,982
57$4,313,234$2,981,445$2,663,009$3,911,012
58$4,690,852$3,065,204$2,689,887$4,159,781
59$5,105,024$3,151,103$2,715,703$4,430,224
60$5,559,415$3,239,186$2,740,358$4,724,470
61$6,058,065$3,329,497$2,763,750$5,044,869
62$6,605,423$3,422,077$2,785,771$5,394,003
63$7,206,389$3,516,971$2,806,307$5,774,722
64$7,866,360$3,614,222$2,825,238$6,190,162
65$8,591,283$3,713,874$2,842,437$6,643,779
66$9,387,709$3,815,968$2,857,774$7,139,381
67$10,262,854$3,920,549$2,871,108$7,681,162
68$11,224,668$4,027,659$2,882,293$8,273,743
69$12,281,909$4,137,340$2,891,175$8,922,216
70$13,444,228$4,249,634$2,897,594$9,632,191
71$14,722,254$4,364,581$2,901,378$10,409,851
72$16,127,701$4,482,222$2,902,351$11,262,005
73$17,673,472$4,602,596$2,900,325$12,196,159
74$19,373,785$4,725,742$2,895,105$13,220,582
75$21,244,305$4,851,697$2,886,485$14,344,387
76$23,302,291$4,980,498$2,874,249$15,577,616
77$25,566,761$5,112,178$2,858,173$16,931,333
78$28,058,667$5,246,772$2,838,018$18,417,731
79$30,801,097$5,384,309$2,813,537$20,050,246
80$33,819,488$5,524,820$2,784,470$21,843,686
81$37,141,871$5,668,331$2,750,545$23,814,365
82$40,799,130$5,814,867$2,711,477$25,980,265
83$44,825,296$5,964,451$2,666,966$28,361,200
84$49,257,868$6,117,101$2,616,701$30,979,006
85$54,138,164$6,272,832$2,560,354$33,857,745
86$59,511,715$6,431,659$2,497,584$37,023,935
87$65,428,688$6,593,589$2,428,031$40,506,799
88$71,944,367$6,758,627$2,351,323$44,338,542
89$79,119,666$6,926,773$2,267,065$48,554,653
90$87,021,710$7,098,023$2,174,850$53,194,242
91$95,724,466$7,272,367$2,074,249$58,300,412
92$105,309,438$7,449,791$1,964,814$63,920,661
93$115,866,442$7,630,272$1,846,076$70,107,334
94$127,494,447$7,813,782$1,717,547$76,918,116
95$140,302,511$8,000,289$1,578,716$84,416,582
96$154,410,813$8,189,748$1,429,048$92,672,788
97$169,951,780$8,382,110$1,267,986$101,763,942
98$187,071,345$8,577,317$1,094,947$111,775,129
99$205,930,317$8,775,300$909,322$122,800,115
100$226,705,901$8,975,982$710,476$134,942,236