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%18.4%
1 years$199,016$197,243$195,513$193,825$192,177$185,654
2 years$98,523$96,688$94,909$93,185$91,513$85,006
3 years$65,029$63,186$61,413$59,705$58,059$51,774
4 years$48,286$46,449$44,693$43,014$41,408$35,392
5 years$38,243$36,416$34,683$33,039$31,478$25,746
6 years$31,549$29,737$28,029$26,421$24,908$19,465
7 years$26,770$24,973$23,292$21,722$20,256$15,103
8 years$23,187$21,406$19,754$18,222$16,805$11,936
9 years$20,402$18,638$17,014$15,521$14,152$9,562
10 years$18,175$16,429$14,833$13,380$12,058$7,739
11 years$16,355$14,625$13,059$11,644$10,370$6,314
12 years$14,839$13,127$11,589$10,214$8,987$5,184
13 years$13,557$11,863$10,354$9,017$7,837$4,277
14 years$12,459$10,783$9,303$8,004$6,870$3,544
15 years$11,508$9,851$8,400$7,138$6,049$2,946
16 years$10,677$9,038$7,616$6,392$5,346$2,455
17 years$9,945$8,323$6,930$5,743$4,740$2,050
18 years$9,294$7,691$6,326$5,176$4,214$1,716
19 years$8,713$7,128$5,791$4,677$3,756$1,438
20 years$8,191$6,624$5,315$4,236$3,355$1,207
21 years$7,719$6,170$4,889$3,844$3,003$1,014
22 years$7,290$5,759$4,506$3,495$2,691$852
23 years$6,899$5,387$4,160$3,183$2,416$717
24 years$6,542$5,047$3,848$2,903$2,172$604
25 years$6,213$4,736$3,564$2,651$1,954$508
26 years$5,911$4,451$3,305$2,424$1,760$428
27 years$5,631$4,189$3,069$2,219$1,587$361
28 years$5,371$3,947$2,853$2,033$1,432$304
29 years$5,130$3,724$2,655$1,864$1,293$257
30 years$4,906$3,517$2,473$1,711$1,168$217
31 years$4,696$3,325$2,306$1,571$1,056$183
32 years$4,500$3,146$2,151$1,444$955$154
33 years$4,316$2,979$2,008$1,328$865$130
34 years$4,143$2,823$1,877$1,222$783$110
35 years$3,981$2,678$1,755$1,125$709$93
36 years$3,828$2,542$1,641$1,036$642$78
37 years$3,683$2,414$1,536$954$582$66
38 years$3,547$2,294$1,439$880$528$56
39 years$3,417$2,182$1,348$811$479$47
40 years$3,295$2,076$1,263$748$434$40
41 years$3,179$1,976$1,185$690$394$34
42 years$3,068$1,882$1,111$637$357$28
43 years$2,963$1,793$1,043$588$324$24
44 years$2,863$1,709$979$543$294$20
45 years$2,768$1,630$919$501$267$17
46 years$2,677$1,555$863$463$243$14
47 years$2,591$1,484$811$428$220$12
48 years$2,508$1,416$762$395$200$10
49 years$2,429$1,353$716$365$182$9
50 years$2,353$1,292$673$338$165$7

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 $4,511 every year, while hoping to spend $38,463 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: 32/44/24 Blend
50$2,410,000$2,410,000$2,410,000$2,410,000
51$2,660,473$2,532,743$2,495,388$2,725,869
52$2,890,917$2,615,923$2,538,059$2,858,946
53$3,143,577$2,701,890$2,580,871$2,998,422
54$3,420,679$2,790,739$2,623,787$3,147,876
55$3,724,673$2,882,571$2,666,769$3,308,209
56$4,058,260$2,977,487$2,709,776$3,480,410
57$4,424,414$3,075,595$2,752,765$3,665,567
58$4,826,410$3,177,005$2,795,688$3,864,874
59$5,267,856$3,281,831$2,838,496$4,079,644
60$5,752,729$3,390,192$2,881,137$4,311,321
61$6,285,406$3,502,210$2,923,554$4,561,492
62$6,870,713$3,618,014$2,965,688$4,831,901
63$7,513,963$3,737,733$3,007,476$5,124,469
64$8,221,011$3,861,506$3,048,850$5,441,306
65$8,998,307$3,989,473$3,089,740$5,784,735
66$9,852,959$4,121,782$3,130,070$6,157,312
67$10,792,794$4,258,583$3,169,762$6,561,846
68$11,826,441$4,400,035$3,208,730$7,001,434
69$12,963,402$4,546,301$3,246,887$7,479,478
70$14,214,149$4,697,550$3,284,138$7,999,727
71$15,590,219$4,853,957$3,320,383$8,566,307
72$17,104,325$5,015,704$3,355,519$9,183,757
73$18,770,472$5,182,979$3,389,435$9,857,076
74$20,604,094$5,355,979$3,422,015$10,591,769
75$22,622,195$5,534,905$3,453,136$11,393,895
76$24,843,511$5,719,968$3,482,668$12,270,127
77$27,288,688$5,911,385$3,510,476$13,227,811
78$29,980,473$6,109,383$3,536,417$14,275,039
79$32,943,934$6,314,195$3,560,339$15,420,720
80$36,206,689$6,526,064$3,582,085$16,674,667
81$39,799,174$6,745,243$3,601,486$18,047,689
82$43,754,922$6,971,993$3,618,369$19,551,688
83$48,110,889$7,206,586$3,632,549$21,199,775
84$52,907,793$7,449,301$3,643,833$23,006,391
85$58,190,503$7,700,432$3,652,016$24,987,444
86$64,008,462$7,960,281$3,656,886$27,160,457
87$70,416,152$8,229,162$3,658,219$29,544,730
88$77,473,610$8,507,401$3,655,780$32,161,529
89$85,246,991$8,795,337$3,649,322$35,034,277
90$93,809,196$9,093,321$3,638,586$38,188,780
91$103,240,557$9,401,716$3,623,302$41,653,468
92$113,629,596$9,720,902$3,603,184$45,459,661
93$125,073,859$10,051,271$3,577,935$49,641,866
94$137,680,840$10,393,230$3,547,243$54,238,099
95$151,568,990$10,747,203$3,510,780$59,290,247
96$166,868,840$11,113,629$3,468,204$64,844,458
97$183,724,228$11,492,964$3,419,156$70,951,576
98$202,293,662$11,885,681$3,363,260$77,667,623
99$222,751,808$12,292,273$3,300,122$85,054,324
100$245,291,148$12,713,249$3,229,332$93,179,688