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%16.1%
1 years$198,190$196,424$194,702$193,021$191,379$186,601
2 years$98,114$96,286$94,516$92,799$91,133$86,350
3 years$64,759$62,924$61,158$59,457$57,819$53,179
4 years$48,086$46,256$44,507$42,835$41,237$36,777
5 years$38,084$36,265$34,539$32,902$31,347$27,080
6 years$31,418$29,613$27,913$26,312$24,804$20,733
7 years$26,659$24,869$23,196$21,632$20,172$16,298
8 years$23,091$21,318$19,672$18,147$16,735$13,056
9 years$20,318$18,561$16,943$15,457$14,093$10,606
10 years$18,100$16,360$14,772$13,324$12,008$8,709
11 years$16,287$14,565$13,005$11,596$10,327$7,211
12 years$14,777$13,072$11,541$10,171$8,950$6,011
13 years$13,500$11,814$10,311$8,980$7,804$5,038
14 years$12,407$10,738$9,265$7,971$6,841$4,241
15 years$11,460$9,810$8,365$7,109$6,023$3,582
16 years$10,633$9,000$7,584$6,365$5,324$3,035
17 years$9,904$8,289$6,901$5,719$4,720$2,578
18 years$9,256$7,659$6,300$5,154$4,197$2,195
19 years$8,677$7,099$5,767$4,657$3,741$1,871
20 years$8,157$6,596$5,293$4,218$3,341$1,598
21 years$7,687$6,144$4,868$3,828$2,990$1,366
22 years$7,260$5,735$4,487$3,481$2,680$1,170
23 years$6,871$5,364$4,143$3,170$2,406$1,002
24 years$6,515$5,026$3,832$2,891$2,163$859
25 years$6,188$4,717$3,549$2,640$1,946$737
26 years$5,886$4,433$3,291$2,414$1,753$633
27 years$5,607$4,172$3,056$2,210$1,580$543
28 years$5,349$3,931$2,841$2,025$1,426$467
29 years$5,109$3,708$2,644$1,857$1,288$401
30 years$4,885$3,502$2,463$1,704$1,163$345
31 years$4,677$3,311$2,296$1,565$1,052$297
32 years$4,481$3,133$2,142$1,438$951$255
33 years$4,298$2,967$2,000$1,323$861$220
34 years$4,126$2,812$1,869$1,217$780$189
35 years$3,964$2,667$1,747$1,120$706$163
36 years$3,812$2,531$1,634$1,032$640$140
37 years$3,668$2,404$1,530$951$580$120
38 years$3,532$2,285$1,433$876$526$104
39 years$3,403$2,173$1,342$808$477$89
40 years$3,281$2,067$1,258$745$432$77
41 years$3,165$1,968$1,180$687$392$66
42 years$3,056$1,874$1,107$634$356$57
43 years$2,951$1,785$1,038$586$323$49
44 years$2,852$1,702$975$541$293$42
45 years$2,757$1,623$915$499$266$36
46 years$2,666$1,548$860$461$242$31
47 years$2,580$1,477$808$426$219$27
48 years$2,498$1,410$759$394$199$23
49 years$2,419$1,347$713$364$181$20
50 years$2,343$1,287$671$336$164$17

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 $6,539 every year, while hoping to spend $32,207 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: 52/40/8 Blend
50$2,400,000$2,400,000$2,400,000$2,400,000
51$2,651,545$2,524,345$2,487,145$2,783,786
52$2,887,735$2,613,770$2,536,196$2,963,799
53$3,146,936$2,706,497$2,585,811$3,155,424
54$3,431,463$2,802,655$2,635,975$3,363,048
55$3,743,862$2,902,375$2,686,671$3,588,186
56$4,086,942$3,005,798$2,737,880$3,832,504
57$4,463,794$3,113,066$2,789,583$4,097,832
58$4,877,825$3,224,329$2,841,758$4,386,183
59$5,332,786$3,339,744$2,894,380$4,699,771
60$5,832,812$3,459,474$2,947,423$5,041,031
61$6,382,458$3,583,687$3,000,861$5,412,642
62$6,986,740$3,712,559$3,054,661$5,817,550
63$7,651,187$3,846,274$3,108,792$6,258,998
64$8,381,889$3,985,023$3,163,218$6,740,553
65$9,185,557$4,129,004$3,217,901$7,266,141
66$10,069,584$4,278,425$3,272,800$7,840,081
67$11,042,115$4,433,501$3,327,872$8,467,129
68$12,112,125$4,594,457$3,383,071$9,152,518
69$13,289,503$4,761,527$3,438,345$9,902,009
70$14,585,145$4,934,955$3,493,642$10,721,944
71$16,011,056$5,114,994$3,548,905$11,619,303
72$17,580,464$5,301,909$3,604,074$12,601,774
73$19,307,945$5,495,975$3,659,084$13,677,820
74$21,209,558$5,697,481$3,713,866$14,856,757
75$23,303,000$5,906,725$3,768,348$16,148,847
76$25,607,770$6,124,019$3,822,452$17,565,388
77$28,145,355$6,349,687$3,876,096$19,118,823
78$30,939,429$6,584,070$3,929,193$20,822,853
79$34,016,082$6,827,520$3,981,651$22,692,569
80$37,404,058$7,080,405$4,033,373$24,744,590
81$41,135,037$7,343,109$4,084,256$26,997,221
82$45,243,921$7,616,033$4,134,189$29,470,623
83$49,769,175$7,899,592$4,183,058$32,187,003
84$54,753,181$8,194,223$4,230,741$35,170,820
85$60,242,644$8,500,378$4,277,110$38,449,018
86$66,289,029$8,818,531$4,322,027$42,051,275
87$72,949,046$9,149,175$4,365,351$46,010,284
88$80,285,188$9,492,825$4,406,930$50,362,061
89$88,366,321$9,850,016$4,446,606$55,146,280
90$97,268,328$10,221,309$4,484,209$60,406,646
91$107,074,832$10,607,288$4,519,565$66,191,309
92$117,877,981$11,008,562$4,552,487$72,553,315
93$129,779,319$11,425,766$4,582,780$79,551,102
94$142,890,744$11,859,563$4,610,237$87,249,054
95$157,335,564$12,310,644$4,634,643$95,718,105
96$173,249,658$12,779,733$4,655,771$105,036,402
97$190,782,766$13,267,582$4,673,381$115,290,050
98$210,099,892$13,774,977$4,687,224$126,573,911
99$231,382,869$14,302,740$4,697,034$138,992,507
100$254,832,072$14,851,725$4,702,535$152,660,997