Can I retire at age 51 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$201,493$199,698$197,947$196,238$194,569$190,174
2 years$99,749$97,891$96,091$94,345$92,652$88,248
3 years$65,839$63,973$62,177$60,448$58,782$54,506
4 years$48,887$47,027$45,249$43,549$41,924$37,809
5 years$38,719$36,870$35,115$33,450$31,870$27,928
6 years$31,942$30,107$28,378$26,750$25,218$21,452
7 years$27,103$25,284$23,582$21,993$20,509$16,921
8 years$23,476$21,673$20,000$18,449$17,014$13,602
9 years$20,656$18,870$17,226$15,715$14,328$11,090
10 years$18,402$16,633$15,018$13,546$12,208$9,140
11 years$16,558$14,807$13,221$11,789$10,500$7,598
12 years$15,023$13,290$11,734$10,341$9,099$6,358
13 years$13,725$12,011$10,483$9,129$7,934$5,350
14 years$12,614$10,917$9,419$8,104$6,955$4,522
15 years$11,651$9,973$8,504$7,227$6,124$3,836
16 years$10,810$9,150$7,710$6,471$5,412$3,264
17 years$10,069$8,427$7,016$5,814$4,799$2,785
18 years$9,410$7,787$6,405$5,240$4,267$2,381
19 years$8,822$7,217$5,863$4,735$3,803$2,039
20 years$8,293$6,706$5,381$4,288$3,397$1,749
21 years$7,815$6,247$4,950$3,892$3,040$1,503
22 years$7,381$5,831$4,562$3,539$2,725$1,292
23 years$6,985$5,454$4,212$3,223$2,446$1,112
24 years$6,623$5,110$3,895$2,939$2,199$958
25 years$6,291$4,795$3,608$2,684$1,978$826
26 years$5,984$4,507$3,346$2,454$1,782$712
27 years$5,701$4,241$3,107$2,247$1,607$615
28 years$5,438$3,997$2,889$2,058$1,450$531
29 years$5,194$3,770$2,688$1,888$1,309$458
30 years$4,967$3,561$2,504$1,732$1,183$396
31 years$4,754$3,366$2,334$1,591$1,069$342
32 years$4,556$3,185$2,178$1,462$967$296
33 years$4,370$3,016$2,033$1,345$875$256
34 years$4,195$2,859$1,900$1,237$793$221
35 years$4,030$2,711$1,776$1,139$718$191
36 years$3,875$2,573$1,662$1,049$650$166
37 years$3,729$2,444$1,555$966$590$143
38 years$3,591$2,323$1,457$891$534$124
39 years$3,460$2,209$1,365$821$485$107
40 years$3,336$2,102$1,279$758$440$93
41 years$3,218$2,000$1,199$699$399$80
42 years$3,106$1,905$1,125$645$362$70
43 years$3,000$1,815$1,056$595$328$60
44 years$2,899$1,730$991$550$298$52
45 years$2,803$1,650$930$508$271$45
46 years$2,711$1,574$874$469$246$39
47 years$2,623$1,502$821$433$223$34
48 years$2,539$1,434$772$400$203$29
49 years$2,459$1,369$725$370$184$25
50 years$2,382$1,308$682$342$167$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,440,000, adding $2,442 every year, while hoping to spend $22,203 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: 70/6/24 Blend
50$2,440,000$2,440,000$2,440,000$2,440,000
51$2,691,399$2,562,079$2,524,259$2,863,312
52$2,942,298$2,663,997$2,585,198$3,080,539
53$3,218,044$2,770,165$2,647,434$3,315,430
54$3,521,149$2,880,767$2,710,987$3,572,034
55$3,854,379$2,995,998$2,775,878$3,852,501
56$4,220,782$3,116,057$2,842,126$4,159,200
57$4,623,715$3,241,158$2,909,751$4,494,739
58$5,066,878$3,371,519$2,978,772$4,861,992
59$5,554,348$3,507,372$3,049,209$5,264,122
60$6,090,615$3,648,957$3,121,081$5,704,613
61$6,680,628$3,796,525$3,194,407$6,187,303
62$7,329,838$3,950,341$3,269,206$6,716,419
63$8,044,253$4,110,679$3,345,496$7,296,617
64$8,830,492$4,277,827$3,423,295$7,933,025
65$9,695,847$4,452,086$3,502,620$8,631,293
66$10,648,355$4,633,770$3,583,489$9,397,643
67$11,696,869$4,823,207$3,665,919$10,238,931
68$12,851,148$5,020,742$3,749,925$11,162,709
69$14,121,940$5,226,733$3,835,523$12,177,296
70$15,521,093$5,441,558$3,922,727$13,291,857
71$17,061,658$5,665,609$4,011,553$14,516,490
72$18,758,020$5,899,296$4,102,012$15,862,320
73$20,626,027$6,143,050$4,194,119$17,341,603
74$22,683,144$6,397,322$4,287,884$18,967,841
75$24,948,614$6,662,580$4,383,317$20,755,913
76$27,443,643$6,939,317$4,480,429$22,722,209
77$30,191,599$7,228,048$4,579,228$24,884,790
78$33,218,230$7,529,311$4,679,720$27,263,554
79$36,551,912$7,843,669$4,781,913$29,880,427
80$40,223,909$8,171,711$4,885,809$32,759,565
81$44,268,677$8,514,054$4,991,413$35,927,586
82$48,724,182$8,871,343$5,098,725$39,413,819
83$53,632,262$9,244,251$5,207,746$43,250,579
84$59,039,019$9,633,487$5,318,472$47,473,475
85$64,995,259$10,039,787$5,430,900$52,121,743
86$71,556,963$10,463,925$5,545,024$57,238,615
87$78,785,826$10,906,709$5,660,834$62,871,730
88$86,749,829$11,368,987$5,778,321$69,073,581
89$95,523,888$11,851,644$5,897,471$75,902,009
90$105,190,556$12,355,606$6,018,268$83,420,752
91$115,840,807$12,881,844$6,140,694$91,700,043
92$127,574,888$13,431,374$6,264,727$100,817,271
93$140,503,273$14,005,258$6,390,341$110,857,717
94$154,747,700$14,604,608$6,517,510$121,915,352
95$170,442,320$15,230,588$6,646,201$134,093,728
96$187,734,967$15,884,418$6,776,380$147,506,950
97$206,788,552$16,567,373$6,908,007$162,280,759
98$227,782,598$17,280,788$7,041,039$178,553,713
99$250,914,938$18,026,061$7,175,428$196,478,497
100$276,403,579$18,804,655$7,311,123$216,223,361