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%19.3%
1 years$200,667$198,880$197,136$195,434$193,772$186,526
2 years$99,340$97,490$95,697$93,958$92,272$85,055
3 years$65,569$63,711$61,922$60,200$58,541$51,580
4 years$48,687$46,834$45,064$43,371$41,752$35,100
5 years$38,560$36,719$34,971$33,313$31,739$25,413
6 years$31,811$29,983$28,262$26,641$25,114$19,118
7 years$26,992$25,180$23,486$21,903$20,425$14,757
8 years$23,380$21,584$19,918$18,374$16,944$11,601
9 years$20,571$18,793$17,155$15,650$14,269$9,242
10 years$18,326$16,565$14,956$13,491$12,158$7,438
11 years$16,490$14,747$13,167$11,741$10,457$6,033
12 years$14,962$13,236$11,686$10,298$9,061$4,924
13 years$13,669$11,961$10,440$9,092$7,902$4,038
14 years$12,562$10,873$9,381$8,071$6,927$3,324
15 years$11,604$9,932$8,469$7,198$6,099$2,745
16 years$10,766$9,113$7,679$6,445$5,390$2,273
17 years$10,027$8,392$6,987$5,791$4,779$1,886
18 years$9,372$7,755$6,379$5,218$4,249$1,568
19 years$8,786$7,187$5,839$4,715$3,788$1,305
20 years$8,259$6,679$5,359$4,271$3,383$1,087
21 years$7,783$6,221$4,929$3,876$3,028$907
22 years$7,351$5,807$4,543$3,524$2,714$757
23 years$6,957$5,431$4,195$3,209$2,436$633
24 years$6,596$5,089$3,879$2,927$2,190$529
25 years$6,265$4,775$3,593$2,673$1,970$442
26 years$5,960$4,488$3,332$2,444$1,775$370
27 years$5,677$4,224$3,094$2,237$1,600$310
28 years$5,416$3,980$2,877$2,050$1,444$259
29 years$5,173$3,755$2,677$1,880$1,304$217
30 years$4,946$3,546$2,494$1,725$1,178$182
31 years$4,735$3,352$2,325$1,584$1,065$152
32 years$4,537$3,172$2,169$1,456$963$127
33 years$4,352$3,004$2,025$1,339$872$107
34 years$4,178$2,847$1,892$1,232$789$89
35 years$4,014$2,700$1,769$1,134$715$75
36 years$3,859$2,563$1,655$1,045$648$63
37 years$3,714$2,434$1,549$962$587$53
38 years$3,576$2,313$1,451$887$532$44
39 years$3,446$2,200$1,359$818$483$37
40 years$3,322$2,093$1,274$754$438$31
41 years$3,205$1,992$1,194$696$397$26
42 years$3,094$1,897$1,120$642$360$22
43 years$2,988$1,808$1,051$593$327$18
44 years$2,887$1,723$987$548$297$15
45 years$2,791$1,643$927$506$270$13
46 years$2,700$1,568$870$467$245$11
47 years$2,612$1,496$818$432$222$9
48 years$2,529$1,428$768$399$202$8
49 years$2,449$1,364$722$369$183$6
50 years$2,373$1,303$679$341$166$5

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 $3,670 every year, while hoping to spend $43,606 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: 58/23/19 Blend
50$2,430,000$2,430,000$2,430,000$2,430,000
51$2,681,646$2,552,856$2,515,191$2,823,533
52$2,908,777$2,631,549$2,553,053$2,998,981
53$3,157,614$2,712,637$2,590,722$3,185,101
54$3,430,326$2,796,191$2,628,146$3,387,031
55$3,729,298$2,882,284$2,665,269$3,606,303
56$4,057,162$2,970,991$2,702,031$3,844,605
57$4,416,814$3,062,391$2,738,370$4,103,794
58$4,811,443$3,156,562$2,774,219$4,385,917
59$5,244,564$3,253,588$2,809,510$4,693,225
60$5,720,048$3,353,552$2,844,166$5,028,198
61$6,242,158$3,456,541$2,878,111$5,393,568
62$6,815,591$3,562,644$2,911,261$5,792,341
63$7,445,522$3,671,954$2,943,528$6,227,829
64$8,137,649$3,784,564$2,974,821$6,703,682
65$8,898,253$3,900,572$3,005,041$7,223,916
66$9,734,252$4,020,077$3,034,087$7,792,957
67$10,653,266$4,143,181$3,061,849$8,415,681
68$11,663,693$4,269,990$3,088,215$9,097,456
69$12,774,783$4,400,613$3,113,063$9,844,199
70$13,996,727$4,535,160$3,136,267$10,662,426
71$15,340,756$4,673,745$3,157,695$11,559,316
72$16,819,241$4,816,487$3,177,206$12,542,777
73$18,445,814$4,963,505$3,194,653$13,621,524
74$20,235,495$5,114,924$3,209,881$14,805,154
75$22,204,831$5,270,871$3,222,728$16,104,245
76$24,372,057$5,431,477$3,233,023$17,530,450
77$26,757,264$5,596,877$3,240,586$19,096,606
78$29,382,588$5,767,207$3,245,229$20,816,859
79$32,272,423$5,942,610$3,246,754$22,706,796
80$35,453,643$6,123,232$3,244,954$24,783,589
81$38,955,866$6,309,221$3,239,611$27,066,161
82$42,811,722$6,500,731$3,230,496$29,575,362
83$47,057,170$6,697,919$3,217,370$32,334,166
84$51,731,832$6,900,947$3,199,982$35,367,886
85$56,879,366$7,109,981$3,178,068$38,704,417
86$62,547,881$7,325,190$3,151,354$42,374,495
87$68,790,390$7,546,749$3,119,549$46,411,990
88$75,665,307$7,774,838$3,082,352$50,854,221
89$83,237,003$8,009,639$3,039,444$55,742,313
90$91,576,407$8,251,341$2,990,496$61,121,584
91$100,761,681$8,500,137$2,935,158$67,041,969
92$110,878,954$8,756,225$2,873,067$73,558,496
93$122,023,135$9,019,809$2,803,843$80,731,801
94$134,298,811$9,291,096$2,727,088$88,628,703
95$147,821,230$9,570,299$2,642,385$97,322,836
96$162,717,389$9,857,637$2,549,299$106,895,338
97$179,127,236$10,153,335$2,447,374$117,435,623
98$197,204,986$10,457,620$2,336,133$129,042,223
99$217,120,580$10,770,729$2,215,079$141,823,714
100$239,061,287$11,092,902$2,083,691$155,899,749