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%11.6%
1 years$199,841$198,061$196,325$194,629$192,974$191,678
2 years$98,931$97,089$95,303$93,572$91,892$90,585
3 years$65,299$63,449$61,667$59,952$58,300$57,022
4 years$48,486$46,641$44,878$43,192$41,580$40,341
5 years$38,401$36,567$34,827$33,176$31,609$30,413
6 years$31,680$29,860$28,146$26,531$25,011$23,859
7 years$26,881$25,076$23,389$21,813$20,341$19,234
8 years$23,283$21,495$19,836$18,298$16,874$15,813
9 years$20,487$18,715$17,085$15,586$14,211$13,194
10 years$18,251$16,497$14,895$13,435$12,108$11,136
11 years$16,423$14,686$13,113$11,693$10,413$9,485
12 years$14,900$13,181$11,638$10,256$9,024$8,138
13 years$13,613$11,912$10,397$9,055$7,869$7,025
14 years$12,510$10,828$9,342$8,038$6,898$6,094
15 years$11,556$9,891$8,435$7,168$6,074$5,310
16 years$10,722$9,075$7,647$6,418$5,368$4,643
17 years$9,986$8,358$6,959$5,767$4,760$4,072
18 years$9,333$7,723$6,352$5,197$4,232$3,580
19 years$8,749$7,158$5,815$4,696$3,772$3,155
20 years$8,225$6,651$5,337$4,253$3,369$2,786
21 years$7,751$6,195$4,909$3,860$3,015$2,465
22 years$7,320$5,783$4,524$3,510$2,703$2,183
23 years$6,928$5,409$4,177$3,196$2,426$1,937
24 years$6,569$5,068$3,863$2,915$2,181$1,720
25 years$6,239$4,756$3,578$2,662$1,962$1,529
26 years$5,935$4,470$3,319$2,434$1,767$1,360
27 years$5,654$4,207$3,082$2,228$1,594$1,211
28 years$5,394$3,964$2,865$2,041$1,438$1,079
29 years$5,152$3,739$2,666$1,872$1,298$962
30 years$4,926$3,531$2,483$1,718$1,173$858
31 years$4,716$3,338$2,315$1,578$1,061$766
32 years$4,519$3,159$2,160$1,450$959$684
33 years$4,334$2,991$2,017$1,334$868$611
34 years$4,160$2,835$1,884$1,227$786$546
35 years$3,997$2,689$1,762$1,129$712$488
36 years$3,844$2,552$1,648$1,040$645$436
37 years$3,698$2,424$1,543$958$585$390
38 years$3,561$2,304$1,445$883$530$349
39 years$3,432$2,191$1,353$815$481$312
40 years$3,309$2,084$1,269$751$436$279
41 years$3,192$1,984$1,190$693$396$250
42 years$3,081$1,890$1,116$640$359$224
43 years$2,976$1,800$1,047$591$326$200
44 years$2,875$1,716$983$545$296$179
45 years$2,780$1,636$923$504$268$160
46 years$2,689$1,561$867$465$244$144
47 years$2,602$1,490$814$430$221$129
48 years$2,518$1,422$765$397$201$115
49 years$2,439$1,358$719$367$183$103
50 years$2,363$1,297$676$339$166$92

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 $6,214 every year, while hoping to spend $54,640 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: 33/39/28 Blend
50$2,420,000$2,420,000$2,420,000$2,420,000
51$2,673,250$2,544,990$2,507,480$2,738,551
52$2,887,785$2,611,558$2,533,344$2,855,298
53$3,122,371$2,679,556$2,558,243$2,975,746
54$3,378,996$2,748,998$2,582,087$3,104,497
55$3,659,848$2,819,893$2,604,782$3,242,324
56$3,967,337$2,892,253$2,626,227$3,390,079
57$4,304,118$2,966,085$2,646,317$3,548,701
58$4,673,111$3,041,396$2,664,942$3,719,222
59$5,077,535$3,118,192$2,681,985$3,902,782
60$5,520,936$3,196,475$2,697,323$4,100,636
61$6,007,216$3,276,247$2,710,829$4,314,166
62$6,540,676$3,357,508$2,722,365$4,544,897
63$7,126,052$3,440,252$2,731,791$4,794,510
64$7,768,561$3,524,476$2,738,957$5,064,855
65$8,473,948$3,610,169$2,743,707$5,357,973
66$9,248,544$3,697,321$2,745,874$5,676,115
67$10,099,322$3,785,916$2,745,287$6,021,760
68$11,033,963$3,875,936$2,741,764$6,397,641
69$12,060,929$3,967,359$2,735,116$6,806,773
70$13,189,543$4,060,159$2,725,142$7,252,477
71$14,430,076$4,154,306$2,711,633$7,738,415
72$15,793,842$4,249,765$2,694,371$8,268,626
73$17,293,306$4,346,496$2,673,125$8,847,558
74$18,942,204$4,444,455$2,647,655$9,480,120
75$20,755,666$4,543,590$2,617,709$10,171,720
76$22,750,364$4,643,846$2,583,022$10,928,322
77$24,944,666$4,745,160$2,543,318$11,756,500
78$27,358,810$4,847,461$2,498,308$12,663,503
79$30,015,096$4,950,674$2,447,688$13,657,319
80$32,938,092$5,054,713$2,391,142$14,746,759
81$36,154,869$5,159,485$2,328,337$15,941,532
82$39,695,256$5,264,890$2,258,926$17,252,346
83$43,592,119$5,370,817$2,182,547$18,691,000
84$47,881,672$5,477,144$2,098,820$20,270,508
85$52,603,819$5,583,741$2,007,347$22,005,210
86$57,802,529$5,690,465$1,907,713$23,910,919
87$63,526,251$5,797,161$1,799,486$26,005,066
88$69,828,370$5,903,664$1,682,210$28,306,866
89$76,767,712$6,009,791$1,555,412$30,837,500
90$84,409,098$6,115,350$1,418,598$33,620,319
91$92,823,954$6,220,131$1,271,249$36,681,062
92$102,090,987$6,323,907$1,112,825$40,048,104
93$112,296,925$6,426,436$942,763$43,752,722
94$123,537,338$6,527,458$760,472$47,829,394
95$135,917,536$6,626,693$565,337$52,316,126
96$149,553,565$6,723,841$356,716$57,254,810
97$164,573,301$6,818,581$133,938$62,691,624
98$181,117,656$6,910,570$0$68,677,470
99$199,341,909$6,999,439$0$75,299,469
100$219,417,168$7,084,796$0$82,633,170