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

Use the below retirement simulation to view the chances of a successful retirement.
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 $5,453 every year, while hoping to spend $27,271 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: 57/37/6 Blend
50$2,400,000$2,400,000$2,400,000$2,400,000
51$2,650,425$2,523,225$2,486,025$2,797,895
52$2,891,752$2,617,847$2,540,290$2,992,285
53$3,156,781$2,716,191$2,595,460$3,200,423
54$3,447,899$2,818,411$2,651,535$3,426,512
55$3,767,739$2,924,668$2,708,516$3,672,267
56$4,119,200$3,035,128$2,766,403$3,939,575
57$4,505,475$3,149,966$2,825,194$4,230,508
58$4,930,083$3,269,364$2,884,887$4,547,349
59$5,396,900$3,393,511$2,945,479$4,892,604
60$5,910,197$3,522,606$3,006,966$5,269,033
61$6,474,678$3,656,855$3,069,341$5,679,672
62$7,095,529$3,796,474$3,132,597$6,127,861
63$7,778,459$3,941,688$3,196,725$6,617,273
64$8,529,763$4,092,732$3,261,717$7,151,952
65$9,356,374$4,249,851$3,327,559$7,736,349
66$10,265,932$4,413,301$3,394,240$8,375,360
67$11,266,853$4,583,349$3,461,743$9,074,376
68$12,368,413$4,760,274$3,530,052$9,839,329
69$13,580,830$4,944,367$3,599,148$10,676,751
70$14,915,366$5,135,931$3,669,011$11,593,832
71$16,384,427$5,335,286$3,739,616$12,598,486
72$18,001,684$5,542,761$3,810,939$13,699,429
73$19,782,202$5,758,702$3,882,952$14,906,256
74$21,742,580$5,983,472$3,955,624$16,229,531
75$23,901,108$6,217,447$4,028,923$17,680,889
76$26,277,941$6,461,022$4,102,811$19,273,139
77$28,895,287$6,714,607$4,177,251$21,020,389
78$31,777,617$6,978,634$4,252,200$22,938,176
79$34,951,898$7,253,551$4,327,613$25,043,609
80$38,447,844$7,539,827$4,403,440$27,355,532
81$42,298,198$7,837,953$4,479,629$29,894,700
82$46,539,041$8,148,440$4,556,124$32,683,972
83$51,210,133$8,471,823$4,632,864$35,748,527
84$56,355,286$8,808,662$4,709,784$39,116,097
85$62,022,779$9,159,540$4,786,815$42,817,232
86$68,265,812$9,525,067$4,863,884$46,885,581
87$75,143,011$9,905,882$4,940,910$51,358,212
88$82,718,978$10,302,650$5,017,811$56,275,958
89$91,064,902$10,716,068$5,094,496$61,683,801
90$100,259,231$11,146,865$5,170,870$67,631,293
91$110,388,412$11,595,800$5,246,833$74,173,025
92$121,547,705$12,063,669$5,322,277$81,369,135
93$133,842,086$12,551,304$5,397,088$89,285,879
94$147,387,234$13,059,573$5,471,146$97,996,251
95$162,310,624$13,589,384$5,544,322$107,580,666
96$178,752,732$14,141,688$5,616,481$118,127,723
97$196,868,357$14,717,478$5,687,479$129,735,036
98$216,828,086$15,317,790$5,757,166$142,510,149
99$238,819,900$15,943,712$5,825,381$156,571,554
100$263,050,953$16,596,377$5,891,954$172,049,802