Can I retire at age 51 with 2,420,000?

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$199,841$198,061$196,325$194,629$192,974$190,090
2 years$98,931$97,089$95,303$93,572$91,892$88,994
3 years$65,299$63,449$61,667$59,952$58,300$55,477
4 years$48,486$46,641$44,878$43,192$41,580$38,853
5 years$38,401$36,567$34,827$33,176$31,609$28,987
6 years$31,680$29,860$28,146$26,531$25,011$22,497
7 years$26,881$25,076$23,389$21,813$20,341$17,935
8 years$23,283$21,495$19,836$18,298$16,874$14,577
9 years$20,487$18,715$17,085$15,586$14,211$12,020
10 years$18,251$16,497$14,895$13,435$12,108$10,023
11 years$16,423$14,686$13,113$11,693$10,413$8,432
12 years$14,900$13,181$11,638$10,256$9,024$7,144
13 years$13,613$11,912$10,397$9,055$7,869$6,087
14 years$12,510$10,828$9,342$8,038$6,898$5,211
15 years$11,556$9,891$8,435$7,168$6,074$4,479
16 years$10,722$9,075$7,647$6,418$5,368$3,863
17 years$9,986$8,358$6,959$5,767$4,760$3,341
18 years$9,333$7,723$6,352$5,197$4,232$2,896
19 years$8,749$7,158$5,815$4,696$3,772$2,516
20 years$8,225$6,651$5,337$4,253$3,369$2,189
21 years$7,751$6,195$4,909$3,860$3,015$1,908
22 years$7,320$5,783$4,524$3,510$2,703$1,664
23 years$6,928$5,409$4,177$3,196$2,426$1,454
24 years$6,569$5,068$3,863$2,915$2,181$1,271
25 years$6,239$4,756$3,578$2,662$1,962$1,113
26 years$5,935$4,470$3,319$2,434$1,767$974
27 years$5,654$4,207$3,082$2,228$1,594$854
28 years$5,394$3,964$2,865$2,041$1,438$749
29 years$5,152$3,739$2,666$1,872$1,298$657
30 years$4,926$3,531$2,483$1,718$1,173$576
31 years$4,716$3,338$2,315$1,578$1,061$506
32 years$4,519$3,159$2,160$1,450$959$444
33 years$4,334$2,991$2,017$1,334$868$390
34 years$4,160$2,835$1,884$1,227$786$343
35 years$3,997$2,689$1,762$1,129$712$302
36 years$3,844$2,552$1,648$1,040$645$265
37 years$3,698$2,424$1,543$958$585$233
38 years$3,561$2,304$1,445$883$530$205
39 years$3,432$2,191$1,353$815$481$180
40 years$3,309$2,084$1,269$751$436$158
41 years$3,192$1,984$1,190$693$396$139
42 years$3,081$1,890$1,116$640$359$123
43 years$2,976$1,800$1,047$591$326$108
44 years$2,875$1,716$983$545$296$95
45 years$2,780$1,636$923$504$268$84
46 years$2,689$1,561$867$465$244$74
47 years$2,602$1,490$814$430$221$65
48 years$2,518$1,422$765$397$201$57
49 years$2,439$1,358$719$367$183$50
50 years$2,363$1,297$676$339$166$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,420,000, adding $3,577 every year, while hoping to spend $57,843 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: 31/49/20 Blend
50$2,420,000$2,420,000$2,420,000$2,420,000
51$2,670,530$2,542,270$2,504,760$2,736,562
52$2,881,379$2,605,296$2,527,125$2,849,678
53$3,111,797$2,669,473$2,548,300$2,965,878
54$3,363,717$2,734,794$2,568,185$3,089,750
55$3,639,271$2,801,253$2,586,674$3,221,996
56$3,940,803$2,868,842$2,603,654$3,363,388
57$4,270,897$2,937,547$2,619,009$3,514,781
58$4,632,397$3,007,355$2,632,614$3,677,112
59$5,028,434$3,078,248$2,644,339$3,851,415
60$5,462,459$3,150,207$2,654,049$4,038,831
61$5,938,269$3,223,206$2,661,599$4,240,616
62$6,460,050$3,297,220$2,666,840$4,458,153
63$7,032,408$3,372,218$2,669,612$4,692,969
64$7,660,420$3,448,163$2,669,751$4,946,746
65$8,349,677$3,525,016$2,667,081$5,221,337
66$9,106,336$3,602,735$2,661,421$5,518,786
67$9,937,182$3,681,268$2,652,578$5,841,345
68$10,849,687$3,760,563$2,640,352$6,191,498
69$11,852,083$3,840,559$2,624,532$6,571,984
70$12,953,440$3,921,190$2,604,898$6,985,821
71$14,163,746$4,002,384$2,581,217$7,436,337
72$15,494,009$4,084,062$2,553,249$7,927,202
73$16,956,355$4,166,137$2,520,739$8,462,461
74$18,564,141$4,248,516$2,483,422$9,046,574
75$20,332,085$4,331,095$2,441,019$9,684,460
76$22,276,404$4,413,765$2,393,239$10,381,542
77$24,414,962$4,496,405$2,339,777$11,143,798
78$26,767,444$4,578,884$2,280,316$11,977,819
79$29,355,536$4,661,063$2,214,520$12,890,875
80$32,203,136$4,742,789$2,142,041$13,890,978
81$35,336,570$4,823,901$2,062,513$14,986,963
82$38,784,849$4,904,221$1,975,557$16,188,573
83$42,579,938$4,983,561$1,880,771$17,506,547
84$46,757,054$5,061,719$1,777,740$18,952,727
85$51,355,007$5,138,476$1,666,028$20,540,168
86$56,416,555$5,213,599$1,545,177$22,283,265
87$61,988,817$5,286,839$1,414,714$24,197,887
88$68,123,710$5,357,927$1,274,140$26,301,530
89$74,878,440$5,426,577$1,122,936$28,613,483
90$82,316,045$5,492,484$960,559$31,155,012
91$90,505,987$5,555,320$786,442$33,949,561
92$99,524,804$5,614,738$599,994$37,022,977
93$109,456,837$5,670,363$400,597$40,403,753
94$120,395,024$5,721,800$187,607$44,123,301
95$132,441,774$5,768,626$0$48,216,251
96$145,709,935$5,810,389$0$52,729,248
97$160,323,861$5,846,610$0$57,739,180
98$176,420,580$5,876,779$0$63,252,518
99$194,151,090$5,900,353$0$69,320,566
100$213,681,784$5,916,753$0$75,999,869