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%18.3%
1 years$199,016$197,243$195,513$193,825$192,177$185,728
2 years$98,523$96,688$94,909$93,185$91,513$85,079
3 years$65,029$63,186$61,413$59,705$58,059$51,843
4 years$48,286$46,449$44,693$43,014$41,408$35,457
5 years$38,243$36,416$34,683$33,039$31,478$25,808
6 years$31,549$29,737$28,029$26,421$24,908$19,522
7 years$26,770$24,973$23,292$21,722$20,256$15,156
8 years$23,187$21,406$19,754$18,222$16,805$11,985
9 years$20,402$18,638$17,014$15,521$14,152$9,607
10 years$18,175$16,429$14,833$13,380$12,058$7,780
11 years$16,355$14,625$13,059$11,644$10,370$6,352
12 years$14,839$13,127$11,589$10,214$8,987$5,218
13 years$13,557$11,863$10,354$9,017$7,837$4,309
14 years$12,459$10,783$9,303$8,004$6,870$3,572
15 years$11,508$9,851$8,400$7,138$6,049$2,971
16 years$10,677$9,038$7,616$6,392$5,346$2,478
17 years$9,945$8,323$6,930$5,743$4,740$2,071
18 years$9,294$7,691$6,326$5,176$4,214$1,735
19 years$8,713$7,128$5,791$4,677$3,756$1,455
20 years$8,191$6,624$5,315$4,236$3,355$1,222
21 years$7,719$6,170$4,889$3,844$3,003$1,027
22 years$7,290$5,759$4,506$3,495$2,691$864
23 years$6,899$5,387$4,160$3,183$2,416$728
24 years$6,542$5,047$3,848$2,903$2,172$613
25 years$6,213$4,736$3,564$2,651$1,954$517
26 years$5,911$4,451$3,305$2,424$1,760$436
27 years$5,631$4,189$3,069$2,219$1,587$368
28 years$5,371$3,947$2,853$2,033$1,432$310
29 years$5,130$3,724$2,655$1,864$1,293$262
30 years$4,906$3,517$2,473$1,711$1,168$221
31 years$4,696$3,325$2,306$1,571$1,056$187
32 years$4,500$3,146$2,151$1,444$955$158
33 years$4,316$2,979$2,008$1,328$865$133
34 years$4,143$2,823$1,877$1,222$783$113
35 years$3,981$2,678$1,755$1,125$709$95
36 years$3,828$2,542$1,641$1,036$642$80
37 years$3,683$2,414$1,536$954$582$68
38 years$3,547$2,294$1,439$880$528$57
39 years$3,417$2,182$1,348$811$479$48
40 years$3,295$2,076$1,263$748$434$41
41 years$3,179$1,976$1,185$690$394$35
42 years$3,068$1,882$1,111$637$357$29
43 years$2,963$1,793$1,043$588$324$25
44 years$2,863$1,709$979$543$294$21
45 years$2,768$1,630$919$501$267$18
46 years$2,677$1,555$863$463$243$15
47 years$2,591$1,484$811$428$220$13
48 years$2,508$1,416$762$395$200$11
49 years$2,429$1,353$716$365$182$9
50 years$2,353$1,292$673$338$165$8

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 $4,601 every year, while hoping to spend $39,129 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: 27/45/28 Blend
50$2,410,000$2,410,000$2,410,000$2,410,000
51$2,660,566$2,532,836$2,495,481$2,709,112
52$2,890,311$2,615,312$2,537,447$2,831,282
53$3,142,178$2,700,518$2,579,507$2,958,693
54$3,418,383$2,788,546$2,621,623$3,094,696
55$3,721,366$2,879,492$2,663,755$3,240,051
56$4,053,813$2,973,456$2,705,859$3,395,592
57$4,418,686$3,070,538$2,747,889$3,562,234
58$4,819,244$3,170,847$2,789,795$3,740,984
59$5,259,079$3,274,491$2,831,526$3,932,947
60$5,742,148$3,381,584$2,873,025$4,139,338
61$6,272,809$3,492,244$2,914,233$4,361,492
62$6,855,865$3,606,593$2,955,089$4,600,877
63$7,496,603$3,724,756$2,995,525$4,859,108
64$8,200,852$3,846,865$3,035,470$5,137,960
65$8,975,032$3,973,054$3,074,852$5,439,386
66$9,826,216$4,103,464$3,113,589$5,765,533
67$10,762,195$4,238,239$3,151,600$6,118,764
68$11,791,557$4,377,531$3,188,797$6,501,680
69$12,923,759$4,521,493$3,225,085$6,917,141
70$14,169,224$4,670,288$3,260,367$7,368,296
71$15,539,435$4,824,081$3,294,538$7,858,610
72$17,047,042$4,983,047$3,327,491$8,391,899
73$18,705,988$5,147,363$3,359,109$8,972,360
74$20,531,630$5,317,216$3,389,271$9,604,617
75$22,540,894$5,492,797$3,417,849$10,293,759
76$24,752,425$5,674,304$3,444,707$11,045,389
77$27,186,773$5,861,945$3,469,705$11,865,678
78$29,866,576$6,055,933$3,492,693$12,761,418
79$32,816,782$6,256,489$3,513,513$13,740,093
80$36,064,879$6,463,842$3,532,001$14,809,942
81$39,641,157$6,678,231$3,547,983$15,980,039
82$43,578,992$6,899,900$3,561,277$17,260,379
83$47,915,160$7,129,107$3,571,691$18,661,969
84$52,690,187$7,366,114$3,579,024$20,196,934
85$57,948,730$7,611,197$3,583,064$21,878,630
86$63,739,994$7,864,639$3,583,590$23,721,767
87$70,118,202$8,126,735$3,580,370$25,742,552
88$77,143,105$8,397,792$3,573,158$27,958,836
89$84,880,542$8,678,124$3,561,700$30,390,284
90$93,403,067$8,968,062$3,545,726$33,058,562
91$102,790,627$9,267,944$3,524,956$35,987,537
92$113,131,323$9,578,125$3,499,093$39,203,504
93$124,522,235$9,898,971$3,467,830$42,735,432
94$137,070,344$10,230,860$3,430,843$46,615,237
95$150,893,534$10,574,188$3,387,792$50,878,083
96$166,121,714$10,929,362$3,338,322$55,562,714
97$182,898,035$11,296,807$3,282,061$60,711,814
98$201,380,245$11,676,961$3,218,621$66,372,417
99$221,742,179$12,070,282$3,147,594$72,596,342
100$244,175,397$12,477,241$3,068,554$79,440,686