Can I retire at age 51 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$200,667$198,880$197,136$195,434$193,772$187,870
2 years$99,340$97,490$95,697$93,958$92,272$86,377
3 years$65,569$63,711$61,922$60,200$58,541$52,837
4 years$48,687$46,834$45,064$43,371$41,752$36,283
5 years$38,560$36,719$34,971$33,313$31,739$26,520
6 years$31,811$29,983$28,262$26,641$25,114$20,150
7 years$26,992$25,180$23,486$21,903$20,425$15,714
8 years$23,380$21,584$19,918$18,374$16,944$12,485
9 years$20,571$18,793$17,155$15,650$14,269$10,057
10 years$18,326$16,565$14,956$13,491$12,158$8,186
11 years$16,490$14,747$13,167$11,741$10,457$6,718
12 years$14,962$13,236$11,686$10,298$9,061$5,548
13 years$13,669$11,961$10,440$9,092$7,902$4,606
14 years$12,562$10,873$9,381$8,071$6,927$3,840
15 years$11,604$9,932$8,469$7,198$6,099$3,212
16 years$10,766$9,113$7,679$6,445$5,390$2,695
17 years$10,027$8,392$6,987$5,791$4,779$2,266
18 years$9,372$7,755$6,379$5,218$4,249$1,909
19 years$8,786$7,187$5,839$4,715$3,788$1,610
20 years$8,259$6,679$5,359$4,271$3,383$1,361
21 years$7,783$6,221$4,929$3,876$3,028$1,151
22 years$7,351$5,807$4,543$3,524$2,714$974
23 years$6,957$5,431$4,195$3,209$2,436$826
24 years$6,596$5,089$3,879$2,927$2,190$700
25 years$6,265$4,775$3,593$2,673$1,970$594
26 years$5,960$4,488$3,332$2,444$1,775$504
27 years$5,677$4,224$3,094$2,237$1,600$428
28 years$5,416$3,980$2,877$2,050$1,444$364
29 years$5,173$3,755$2,677$1,880$1,304$309
30 years$4,946$3,546$2,494$1,725$1,178$263
31 years$4,735$3,352$2,325$1,584$1,065$223
32 years$4,537$3,172$2,169$1,456$963$190
33 years$4,352$3,004$2,025$1,339$872$161
34 years$4,178$2,847$1,892$1,232$789$137
35 years$4,014$2,700$1,769$1,134$715$117
36 years$3,859$2,563$1,655$1,045$648$99
37 years$3,714$2,434$1,549$962$587$84
38 years$3,576$2,313$1,451$887$532$72
39 years$3,446$2,200$1,359$818$483$61
40 years$3,322$2,093$1,274$754$438$52
41 years$3,205$1,992$1,194$696$397$44
42 years$3,094$1,897$1,120$642$360$38
43 years$2,988$1,808$1,051$593$327$32
44 years$2,887$1,723$987$548$297$27
45 years$2,791$1,643$927$506$270$23
46 years$2,700$1,568$870$467$245$20
47 years$2,612$1,496$818$432$222$17
48 years$2,529$1,428$768$399$202$14
49 years$2,449$1,364$722$369$183$12
50 years$2,373$1,303$679$341$166$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,430,000, adding $3,624 every year, while hoping to spend $31,623 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: 46/42/12 Blend
50$2,430,000$2,430,000$2,430,000$2,430,000
51$2,681,598$2,552,808$2,515,143$2,795,733
52$2,921,475$2,644,249$2,565,754$2,966,568
53$3,184,758$2,739,111$2,617,000$3,148,258
54$3,473,804$2,837,528$2,668,870$3,344,652
55$3,791,205$2,939,639$2,721,350$3,557,126
56$4,139,817$3,045,591$2,774,424$3,787,191
57$4,522,788$3,155,534$2,828,077$4,036,505
58$4,943,584$3,269,627$2,882,289$4,306,894
59$5,406,025$3,388,034$2,937,041$4,600,364
60$5,914,317$3,510,926$2,992,310$4,919,120
61$6,473,098$3,638,481$3,048,073$5,265,588
62$7,087,473$3,770,886$3,104,302$5,642,435
63$7,763,069$3,908,333$3,160,970$6,052,596
64$8,506,084$4,051,024$3,218,045$6,499,298
65$9,323,350$4,199,169$3,275,495$6,986,091
66$10,222,391$4,352,988$3,333,283$7,516,882
67$11,211,497$4,512,707$3,391,371$8,095,970
68$12,299,805$4,678,565$3,449,717$8,728,086
69$13,497,380$4,850,808$3,508,276$9,418,434
70$14,815,311$5,029,697$3,567,002$10,172,746
71$16,265,819$5,215,498$3,625,843$10,997,328
72$17,862,368$5,408,493$3,684,745$11,899,122
73$19,619,795$5,608,974$3,743,649$12,885,771
74$21,554,446$5,817,246$3,802,493$13,965,688
75$23,684,335$6,033,627$3,861,212$15,148,137
76$26,029,309$6,258,447$3,919,735$16,443,315
77$28,611,240$6,492,052$3,977,987$17,862,453
78$31,454,227$6,734,802$4,035,889$19,417,917
79$34,584,824$6,987,074$4,093,358$21,123,322
80$38,032,293$7,249,258$4,150,303$22,993,663
81$41,828,879$7,521,763$4,206,629$25,045,455
82$46,010,111$7,805,016$4,262,238$27,296,884
83$50,615,141$8,099,460$4,317,022$29,767,978
84$55,687,113$8,405,561$4,370,869$32,480,800
85$61,273,566$8,723,801$4,423,661$35,459,647
86$67,426,887$9,054,685$4,475,272$38,731,282
87$74,204,806$9,398,741$4,525,569$42,325,184
88$81,670,934$9,756,517$4,574,413$46,273,824
89$89,895,370$10,128,587$4,621,657$50,612,972
90$98,955,359$10,515,549$4,667,144$55,382,030
91$108,936,023$10,918,029$4,710,711$60,624,402
92$119,931,162$11,336,677$4,752,184$66,387,904
93$132,044,141$11,772,174$4,791,383$72,725,210
94$145,388,864$12,225,231$4,828,115$79,694,351
95$160,090,849$12,696,589$4,862,178$87,359,255
96$176,288,415$13,187,021$4,893,360$95,790,355
97$194,133,985$13,697,336$4,921,438$105,065,244
98$213,795,523$14,228,377$4,946,178$115,269,412
99$235,458,123$14,781,025$4,967,333$126,497,042
100$259,325,757$15,356,200$4,984,643$138,851,906