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 $5,202 every year, while hoping to spend $31,823 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: 44/29/27 Blend
50$2,440,000$2,440,000$2,440,000$2,440,000
51$2,694,246$2,564,926$2,527,106$2,791,473
52$2,935,200$2,656,748$2,577,904$2,953,087
53$3,199,664$2,752,002$2,629,338$3,124,723
54$3,490,003$2,850,824$2,681,395$3,310,167
55$3,808,823$2,953,354$2,734,061$3,510,720
56$4,158,991$3,059,737$2,787,320$3,727,814
57$4,543,669$3,170,125$2,841,156$3,963,022
58$4,966,339$3,284,676$2,895,551$4,218,078
59$5,430,836$3,403,556$2,950,482$4,494,884
60$5,941,387$3,526,936$3,005,929$4,795,535
61$6,502,648$3,654,995$3,061,867$5,122,338
62$7,119,746$3,787,918$3,118,268$5,477,828
63$7,798,335$3,925,900$3,175,104$5,864,797
64$8,544,639$4,069,144$3,232,344$6,286,315
65$9,365,519$4,217,858$3,289,954$6,745,765
66$10,268,532$4,372,264$3,347,898$7,246,868
67$11,262,006$4,532,589$3,406,137$7,793,720
68$12,355,117$4,699,071$3,464,628$8,390,830
69$13,557,972$4,871,959$3,523,327$9,043,164
70$14,881,712$5,051,512$3,582,185$9,756,188
71$16,338,610$5,237,999$3,641,151$10,535,920
72$17,942,188$5,431,701$3,700,169$11,388,989
73$19,707,348$5,632,911$3,759,182$12,322,693
74$21,650,508$5,841,935$3,818,126$13,345,067
75$23,789,761$6,059,091$3,876,934$14,464,963
76$26,145,041$6,284,711$3,935,535$15,692,127
77$28,738,315$6,519,141$3,993,855$17,037,296
78$31,593,786$6,762,742$4,051,813$18,512,294
79$34,738,127$7,015,890$4,109,323$20,130,143
80$38,200,726$7,278,979$4,166,295$21,905,188
81$42,013,968$7,552,418$4,222,635$23,853,230
82$46,213,540$7,836,633$4,278,240$25,991,675
83$50,838,764$8,132,071$4,333,003$28,339,694
84$55,932,970$8,439,195$4,386,812$30,918,408
85$61,543,909$8,758,491$4,439,545$33,751,084
86$67,724,195$9,090,464$4,491,077$36,863,353
87$74,531,808$9,435,643$4,541,274$40,283,451
88$82,030,640$9,794,577$4,589,995$44,042,486
89$90,291,096$10,167,842$4,637,090$48,174,730
90$99,390,758$10,556,036$4,682,402$52,717,940
91$109,415,120$10,959,786$4,725,767$57,713,714
92$120,458,391$11,379,745$4,767,010$63,207,884
93$132,624,388$11,816,594$4,805,946$69,250,942
94$146,027,513$12,271,044$4,842,382$75,898,525
95$160,793,833$12,743,839$4,876,116$83,211,927
96$177,062,271$13,235,754$4,906,932$91,258,688
97$194,985,914$13,747,597$4,934,606$100,113,218
98$214,733,463$14,280,215$4,958,901$109,857,510
99$236,490,819$14,834,489$4,979,567$120,581,902
100$260,462,844$15,411,340$4,996,344$132,385,936