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%13.9%
1 years$201,493$199,698$197,947$196,238$194,569$191,424
2 years$99,749$97,891$96,091$94,345$92,652$89,493
3 years$65,839$63,973$62,177$60,448$58,782$55,706
4 years$48,887$47,027$45,249$43,549$41,924$38,955
5 years$38,719$36,870$35,115$33,450$31,870$29,017
6 years$31,942$30,107$28,378$26,750$25,218$22,484
7 years$27,103$25,284$23,582$21,993$20,509$17,894
8 years$23,476$21,673$20,000$18,449$17,014$14,519
9 years$20,656$18,870$17,226$15,715$14,328$11,951
10 years$18,402$16,633$15,018$13,546$12,208$9,948
11 years$16,558$14,807$13,221$11,789$10,500$8,353
12 years$15,023$13,290$11,734$10,341$9,099$7,063
13 years$13,725$12,011$10,483$9,129$7,934$6,006
14 years$12,614$10,917$9,419$8,104$6,955$5,132
15 years$11,651$9,973$8,504$7,227$6,124$4,402
16 years$10,810$9,150$7,710$6,471$5,412$3,788
17 years$10,069$8,427$7,016$5,814$4,799$3,269
18 years$9,410$7,787$6,405$5,240$4,267$2,828
19 years$8,822$7,217$5,863$4,735$3,803$2,451
20 years$8,293$6,706$5,381$4,288$3,397$2,128
21 years$7,815$6,247$4,950$3,892$3,040$1,850
22 years$7,381$5,831$4,562$3,539$2,725$1,611
23 years$6,985$5,454$4,212$3,223$2,446$1,404
24 years$6,623$5,110$3,895$2,939$2,199$1,225
25 years$6,291$4,795$3,608$2,684$1,978$1,069
26 years$5,984$4,507$3,346$2,454$1,782$934
27 years$5,701$4,241$3,107$2,247$1,607$817
28 years$5,438$3,997$2,889$2,058$1,450$714
29 years$5,194$3,770$2,688$1,888$1,309$625
30 years$4,967$3,561$2,504$1,732$1,183$547
31 years$4,754$3,366$2,334$1,591$1,069$479
32 years$4,556$3,185$2,178$1,462$967$420
33 years$4,370$3,016$2,033$1,345$875$368
34 years$4,195$2,859$1,900$1,237$793$322
35 years$4,030$2,711$1,776$1,139$718$283
36 years$3,875$2,573$1,662$1,049$650$248
37 years$3,729$2,444$1,555$966$590$217
38 years$3,591$2,323$1,457$891$534$191
39 years$3,460$2,209$1,365$821$485$167
40 years$3,336$2,102$1,279$758$440$147
41 years$3,218$2,000$1,199$699$399$129
42 years$3,106$1,905$1,125$645$362$113
43 years$3,000$1,815$1,056$595$328$99
44 years$2,899$1,730$991$550$298$87
45 years$2,803$1,650$930$508$271$76
46 years$2,711$1,574$874$469$246$67
47 years$2,623$1,502$821$433$223$59
48 years$2,539$1,434$772$400$203$52
49 years$2,459$1,369$725$370$184$45
50 years$2,382$1,308$682$342$167$40

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 $4,098 every year, while hoping to spend $52,662 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: 42/47/11 Blend
50$2,440,000$2,440,000$2,440,000$2,440,000
51$2,693,107$2,563,787$2,525,967$2,797,372
52$2,911,772$2,633,381$2,554,555$2,940,332
53$3,150,976$2,704,619$2,582,336$3,089,449
54$3,412,758$2,777,528$2,609,226$3,249,742
55$3,699,364$2,852,132$2,635,140$3,422,253
56$4,013,266$2,928,453$2,659,984$3,608,128
57$4,357,188$3,006,517$2,683,663$3,808,627
58$4,734,130$3,086,344$2,706,074$4,025,139
59$5,147,393$3,167,957$2,727,110$4,259,191
60$5,600,617$3,251,376$2,746,657$4,512,464
61$6,097,807$3,336,621$2,764,597$4,786,808
62$6,643,377$3,423,709$2,780,805$5,084,262
63$7,242,188$3,512,658$2,795,149$5,407,069
64$7,899,596$3,603,483$2,807,491$5,757,698
65$8,621,498$3,696,197$2,817,686$6,138,872
66$9,414,393$3,790,813$2,825,581$6,553,585
67$10,285,439$3,887,341$2,831,015$7,005,138
68$11,242,521$3,985,787$2,833,821$7,497,165
69$12,294,326$4,086,159$2,833,822$8,033,671
70$13,450,425$4,188,458$2,830,833$8,619,064
71$14,721,361$4,292,686$2,824,659$9,258,204
72$16,118,751$4,398,839$2,815,096$9,956,443
73$17,655,393$4,506,911$2,801,931$10,719,677
74$19,345,388$4,616,894$2,784,940$11,554,403
75$21,204,269$4,728,774$2,763,887$12,467,777
76$23,249,155$4,842,534$2,738,528$13,467,687
77$25,498,903$4,958,153$2,708,603$14,562,820
78$27,974,294$5,075,604$2,673,844$15,762,752
79$30,698,221$5,194,858$2,633,967$17,078,032
80$33,695,911$5,315,878$2,588,676$18,520,284
81$36,995,159$5,438,621$2,537,662$20,102,317
82$40,626,592$5,563,040$2,480,600$21,838,246
83$44,623,955$5,689,080$2,417,151$23,743,626
84$49,024,434$5,816,680$2,346,961$25,835,595
85$53,868,999$5,945,771$2,269,657$28,133,042
86$59,202,799$6,076,275$2,184,853$30,656,781
87$65,075,580$6,208,108$2,092,140$33,429,749
88$71,542,158$6,341,174$1,991,096$36,477,222
89$78,662,937$6,475,370$1,881,277$39,827,056
90$86,504,474$6,610,582$1,762,217$43,509,948
91$95,140,113$6,746,683$1,633,434$47,559,728
92$104,650,671$6,883,536$1,494,421$52,013,675
93$115,125,203$7,020,993$1,344,648$56,912,875
94$126,661,843$7,158,891$1,183,562$62,302,606
95$139,368,727$7,297,052$1,010,587$68,232,765
96$153,365,015$7,435,286$825,120$74,758,341
97$168,782,016$7,573,384$626,531$81,939,937
98$185,764,425$7,711,123$414,163$89,844,337
99$204,471,689$7,848,261$187,330$98,545,143
100$225,079,511$7,984,536$0$108,123,470