Can I retire at age 51 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$199,016$197,243$195,513$193,825$192,177$188,838
2 years$98,523$96,688$94,909$93,185$91,513$88,160
3 years$65,029$63,186$61,413$59,705$58,059$54,796
4 years$48,286$46,449$44,693$43,014$41,408$38,261
5 years$38,243$36,416$34,683$33,039$31,478$28,455
6 years$31,549$29,737$28,029$26,421$24,908$22,012
7 years$26,770$24,973$23,292$21,722$20,256$17,490
8 years$23,187$21,406$19,754$18,222$16,805$14,166
9 years$20,402$18,638$17,014$15,521$14,152$11,640
10 years$18,175$16,429$14,833$13,380$12,058$9,671
11 years$16,355$14,625$13,059$11,644$10,370$8,105
12 years$14,839$13,127$11,589$10,214$8,987$6,840
13 years$13,557$11,863$10,354$9,017$7,837$5,805
14 years$12,459$10,783$9,303$8,004$6,870$4,950
15 years$11,508$9,851$8,400$7,138$6,049$4,237
16 years$10,677$9,038$7,616$6,392$5,346$3,639
17 years$9,945$8,323$6,930$5,743$4,740$3,134
18 years$9,294$7,691$6,326$5,176$4,214$2,705
19 years$8,713$7,128$5,791$4,677$3,756$2,339
20 years$8,191$6,624$5,315$4,236$3,355$2,026
21 years$7,719$6,170$4,889$3,844$3,003$1,758
22 years$7,290$5,759$4,506$3,495$2,691$1,527
23 years$6,899$5,387$4,160$3,183$2,416$1,328
24 years$6,542$5,047$3,848$2,903$2,172$1,155
25 years$6,213$4,736$3,564$2,651$1,954$1,006
26 years$5,911$4,451$3,305$2,424$1,760$877
27 years$5,631$4,189$3,069$2,219$1,587$765
28 years$5,371$3,947$2,853$2,033$1,432$667
29 years$5,130$3,724$2,655$1,864$1,293$583
30 years$4,906$3,517$2,473$1,711$1,168$509
31 years$4,696$3,325$2,306$1,571$1,056$444
32 years$4,500$3,146$2,151$1,444$955$388
33 years$4,316$2,979$2,008$1,328$865$340
34 years$4,143$2,823$1,877$1,222$783$297
35 years$3,981$2,678$1,755$1,125$709$260
36 years$3,828$2,542$1,641$1,036$642$227
37 years$3,683$2,414$1,536$954$582$199
38 years$3,547$2,294$1,439$880$528$174
39 years$3,417$2,182$1,348$811$479$152
40 years$3,295$2,076$1,263$748$434$133
41 years$3,179$1,976$1,185$690$394$116
42 years$3,068$1,882$1,111$637$357$102
43 years$2,963$1,793$1,043$588$324$89
44 years$2,863$1,709$979$543$294$78
45 years$2,768$1,630$919$501$267$68
46 years$2,677$1,555$863$463$243$60
47 years$2,591$1,484$811$428$220$52
48 years$2,508$1,416$762$395$200$46
49 years$2,429$1,353$716$365$182$40
50 years$2,353$1,292$673$338$165$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,410,000, adding $4,901 every year, while hoping to spend $22,528 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: 48/24/28 Blend
50$2,410,000$2,410,000$2,410,000$2,410,000
51$2,660,875$2,533,145$2,495,790$2,767,119
52$2,908,315$2,633,300$2,555,430$2,942,512
53$3,180,239$2,737,607$2,616,312$3,130,280
54$3,479,119$2,846,246$2,678,455$3,333,765
55$3,807,683$2,959,405$2,741,876$3,554,460
56$4,168,931$3,077,281$2,806,594$3,794,008
57$4,566,171$3,200,077$2,872,624$4,054,216
58$5,003,049$3,328,009$2,939,985$4,337,069
59$5,483,579$3,461,300$3,008,693$4,644,754
60$6,012,184$3,600,184$3,078,765$4,979,674
61$6,593,740$3,744,906$3,150,216$5,344,473
62$7,233,616$3,895,721$3,223,063$5,742,061
63$7,937,729$4,052,896$3,297,321$6,175,641
64$8,712,601$4,216,711$3,373,004$6,648,734
65$9,565,414$4,387,458$3,450,127$7,165,220
66$10,504,083$4,565,441$3,528,704$7,729,366
67$11,537,332$4,750,979$3,608,748$8,345,869
68$12,674,770$4,944,407$3,690,270$9,019,900
69$13,926,986$5,146,072$3,773,284$9,757,153
70$15,305,648$5,356,340$3,857,799$10,563,894
71$16,823,615$5,575,592$3,943,826$11,447,024
72$18,495,054$5,804,225$4,031,374$12,414,139
73$20,335,575$6,042,658$4,120,451$13,473,604
74$22,362,381$6,291,326$4,211,064$14,634,631
75$24,594,428$6,550,685$4,303,218$15,907,363
76$27,052,602$6,821,211$4,396,919$17,302,970
77$29,759,921$7,103,404$4,492,169$18,833,753
78$32,741,747$7,397,785$4,588,971$20,513,260
79$36,026,028$7,704,899$4,687,324$22,356,413
80$39,643,561$8,025,317$4,787,228$24,379,644
81$43,628,284$8,359,637$4,888,679$26,601,056
82$48,017,592$8,708,483$4,991,673$29,040,584
83$52,852,695$9,072,507$5,096,203$31,720,190
84$58,179,004$9,452,394$5,202,260$34,664,063
85$64,046,559$9,848,858$5,309,832$37,898,851
86$70,510,504$10,262,648$5,418,907$41,453,907
87$77,631,604$10,694,546$5,529,469$45,361,565
88$85,476,820$11,145,371$5,641,499$49,657,446
89$94,119,943$11,615,981$5,754,976$54,380,793
90$103,642,285$12,107,273$5,869,876$59,574,835
91$114,133,453$12,620,184$5,986,172$65,287,199
92$125,692,188$13,155,696$6,103,832$71,570,355
93$138,427,305$13,714,839$6,222,823$78,482,108
94$152,458,710$14,298,686$6,343,108$86,086,147
95$167,918,541$14,908,364$6,464,645$94,452,636
96$184,952,410$15,545,051$6,587,388$103,658,884
97$203,720,778$16,209,981$6,711,288$113,790,064
98$224,400,470$16,904,444$6,836,289$124,940,019
99$247,186,347$17,629,790$6,962,334$137,212,145
100$272,293,140$18,387,435$7,089,357$150,720,364