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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.4%
1 years$201,493$199,698$197,947$196,238$194,569$192,617
2 years$99,749$97,891$96,091$94,345$92,652$90,686
3 years$65,839$63,973$62,177$60,448$58,782$56,863
4 years$48,887$47,027$45,249$43,549$41,924$40,067
5 years$38,719$36,870$35,115$33,450$31,870$30,080
6 years$31,942$30,107$28,378$26,750$25,218$23,497
7 years$27,103$25,284$23,582$21,993$20,509$18,858
8 years$23,476$21,673$20,000$18,449$17,014$15,433
9 years$20,656$18,870$17,226$15,715$14,328$12,817
10 years$18,402$16,633$15,018$13,546$12,208$10,766
11 years$16,558$14,807$13,221$11,789$10,500$9,124
12 years$15,023$13,290$11,734$10,341$9,099$7,789
13 years$13,725$12,011$10,483$9,129$7,934$6,689
14 years$12,614$10,917$9,419$8,104$6,955$5,773
15 years$11,651$9,973$8,504$7,227$6,124$5,003
16 years$10,810$9,150$7,710$6,471$5,412$4,350
17 years$10,069$8,427$7,016$5,814$4,799$3,794
18 years$9,410$7,787$6,405$5,240$4,267$3,317
19 years$8,822$7,217$5,863$4,735$3,803$2,907
20 years$8,293$6,706$5,381$4,288$3,397$2,552
21 years$7,815$6,247$4,950$3,892$3,040$2,244
22 years$7,381$5,831$4,562$3,539$2,725$1,976
23 years$6,985$5,454$4,212$3,223$2,446$1,742
24 years$6,623$5,110$3,895$2,939$2,199$1,538
25 years$6,291$4,795$3,608$2,684$1,978$1,358
26 years$5,984$4,507$3,346$2,454$1,782$1,201
27 years$5,701$4,241$3,107$2,247$1,607$1,062
28 years$5,438$3,997$2,889$2,058$1,450$941
29 years$5,194$3,770$2,688$1,888$1,309$833
30 years$4,967$3,561$2,504$1,732$1,183$739
31 years$4,754$3,366$2,334$1,591$1,069$655
32 years$4,556$3,185$2,178$1,462$967$581
33 years$4,370$3,016$2,033$1,345$875$515
34 years$4,195$2,859$1,900$1,237$793$457
35 years$4,030$2,711$1,776$1,139$718$406
36 years$3,875$2,573$1,662$1,049$650$361
37 years$3,729$2,444$1,555$966$590$320
38 years$3,591$2,323$1,457$891$534$285
39 years$3,460$2,209$1,365$821$485$253
40 years$3,336$2,102$1,279$758$440$225
41 years$3,218$2,000$1,199$699$399$200
42 years$3,106$1,905$1,125$645$362$177
43 years$3,000$1,815$1,056$595$328$158
44 years$2,899$1,730$991$550$298$140
45 years$2,803$1,650$930$508$271$125
46 years$2,711$1,574$874$469$246$111
47 years$2,623$1,502$821$433$223$99
48 years$2,539$1,434$772$400$203$88
49 years$2,459$1,369$725$370$184$78
50 years$2,382$1,308$682$342$167$69

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 $4,749 every year, while hoping to spend $29,112 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: 48/31/21 Blend
50$2,440,000$2,440,000$2,440,000$2,440,000
51$2,693,779$2,564,459$2,526,639$2,806,858
52$2,937,569$2,659,142$2,580,306$2,980,805
53$3,205,250$2,757,489$2,634,796$3,166,275
54$3,499,229$2,859,649$2,690,104$3,367,074
55$3,822,155$2,965,777$2,746,227$3,584,656
56$4,176,949$3,076,034$2,803,160$3,820,614
57$4,566,827$3,190,589$2,860,895$4,076,705
58$4,995,333$3,309,618$2,919,425$4,354,859
59$5,466,372$3,433,304$2,978,740$4,657,199
60$5,984,244$3,561,838$3,038,831$4,986,058
61$6,553,689$3,695,420$3,099,683$5,344,008
62$7,179,927$3,834,257$3,161,285$5,733,873
63$7,868,711$3,978,568$3,223,619$6,158,764
64$8,626,379$4,128,577$3,286,670$6,622,103
65$9,459,913$4,284,520$3,350,417$7,127,656
66$10,377,008$4,446,645$3,414,839$7,679,570
67$11,386,139$4,615,208$3,479,913$8,282,406
68$12,496,649$4,790,476$3,545,614$8,941,186
69$13,718,828$4,972,730$3,611,913$9,661,441
70$15,064,016$5,162,262$3,678,779$10,449,255
71$16,544,708$5,359,375$3,746,181$11,311,331
72$18,174,672$5,564,388$3,814,082$12,255,047
73$19,969,078$5,777,633$3,882,443$13,288,527
74$21,944,642$5,999,455$3,951,222$14,420,716
75$24,119,783$6,230,215$4,020,376$15,661,466
76$26,514,797$6,470,292$4,089,855$17,021,625
77$29,152,049$6,720,079$4,159,607$18,513,138
78$32,056,182$6,979,987$4,229,578$20,149,165
79$35,254,351$7,250,444$4,299,707$21,944,194
80$38,776,479$7,531,900$4,369,932$23,914,187
81$42,655,538$7,824,823$4,440,183$26,076,723
82$46,927,864$8,129,699$4,510,390$28,451,163
83$51,633,493$8,447,041$4,580,475$31,058,836
84$56,816,544$8,777,381$4,650,356$33,923,234
85$62,525,634$9,121,275$4,719,945$37,070,236
86$68,814,335$9,479,305$4,789,150$40,528,348
87$75,741,684$9,852,077$4,857,873$44,328,975
88$83,372,733$10,240,226$4,926,009$48,506,711
89$91,779,169$10,644,415$4,993,448$53,099,666
90$101,039,988$11,065,335$5,060,072$58,149,826
91$111,242,240$11,503,709$5,125,758$63,703,446
92$122,481,851$11,960,293$5,190,373$69,811,484
93$134,864,528$12,435,877$5,253,779$76,530,082
94$148,506,759$12,931,284$5,315,830$83,921,092
95$163,536,908$13,447,376$5,376,370$92,052,663
96$180,096,430$13,985,054$5,435,235$100,999,874
97$198,341,204$14,545,260$5,492,253$110,845,450
98$218,443,005$15,128,976$5,547,242$121,680,532
99$240,591,126$15,737,231$5,600,009$133,605,542
100$264,994,164$16,371,098$5,650,353$146,731,126