Can I retire at age 51 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$202,319$200,517$198,758$197,042$195,366$191,500
2 years$100,158$98,292$96,485$94,732$93,032$89,153
3 years$66,109$64,235$62,432$60,696$59,023$55,253
4 years$49,087$47,220$45,434$43,728$42,096$38,463
5 years$38,877$37,021$35,259$33,587$32,001$28,515
6 years$32,073$30,230$28,495$26,860$25,321$21,987
7 years$27,214$25,387$23,679$22,083$20,593$17,411
8 years$23,572$21,762$20,082$18,525$17,084$14,054
9 years$20,741$18,947$17,296$15,779$14,387$11,506
10 years$18,477$16,701$15,079$13,602$12,258$9,524
11 years$16,626$14,868$13,276$11,838$10,543$7,952
12 years$15,085$13,345$11,782$10,383$9,136$6,685
13 years$13,782$12,060$10,526$9,167$7,967$5,651
14 years$12,666$10,962$9,458$8,137$6,984$4,799
15 years$11,699$10,014$8,539$7,257$6,149$4,091
16 years$10,854$9,188$7,742$6,498$5,434$3,499
17 years$10,110$8,462$7,045$5,838$4,819$3,000
18 years$9,449$7,819$6,431$5,261$4,284$2,578
19 years$8,858$7,246$5,887$4,754$3,819$2,220
20 years$8,327$6,734$5,403$4,306$3,411$1,914
21 years$7,847$6,272$4,970$3,908$3,052$1,653
22 years$7,411$5,855$4,580$3,553$2,736$1,429
23 years$7,014$5,476$4,229$3,236$2,456$1,237
24 years$6,650$5,131$3,911$2,951$2,208$1,071
25 years$6,316$4,815$3,623$2,695$1,987$929
26 years$6,009$4,525$3,360$2,464$1,789$806
27 years$5,724$4,259$3,120$2,256$1,613$699
28 years$5,461$4,013$2,900$2,067$1,456$607
29 years$5,215$3,786$2,699$1,895$1,314$527
30 years$4,987$3,575$2,514$1,739$1,188$458
31 years$4,774$3,380$2,344$1,597$1,074$398
32 years$4,575$3,198$2,187$1,468$971$346
33 years$4,388$3,029$2,042$1,350$879$301
34 years$4,212$2,870$1,908$1,242$796$262
35 years$4,047$2,722$1,784$1,143$721$228
36 years$3,891$2,584$1,669$1,053$653$198
37 years$3,744$2,454$1,562$970$592$173
38 years$3,605$2,332$1,462$894$537$150
39 years$3,474$2,218$1,370$825$487$131
40 years$3,350$2,110$1,284$761$441$114
41 years$3,231$2,009$1,204$702$400$99
42 years$3,119$1,913$1,130$648$363$86
43 years$3,013$1,823$1,060$598$330$75
44 years$2,911$1,737$995$552$299$65
45 years$2,814$1,657$934$510$272$57
46 years$2,722$1,580$877$471$247$50
47 years$2,634$1,508$824$435$224$43
48 years$2,550$1,440$775$402$203$38
49 years$2,469$1,375$728$372$185$33
50 years$2,392$1,313$685$343$168$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,450,000, adding $5,094 every year, while hoping to spend $40,680 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: 61/32/7 Blend
50$2,450,000$2,450,000$2,450,000$2,450,000
51$2,705,154$2,575,304$2,537,329$2,866,079
52$2,937,797$2,658,211$2,579,047$3,057,209
53$3,192,806$2,743,817$2,620,798$3,260,497
54$3,472,419$2,832,211$2,662,542$3,481,263
55$3,779,102$2,923,486$2,704,233$3,721,193
56$4,115,570$3,017,736$2,745,825$3,982,141
57$4,484,815$3,115,062$2,787,267$4,266,147
58$4,890,130$3,215,564$2,828,505$4,575,456
59$5,335,146$3,319,349$2,869,482$4,912,539
60$5,823,859$3,426,525$2,910,137$5,280,116
61$6,360,673$3,537,206$2,950,408$5,681,180
62$6,950,440$3,651,507$2,990,225$6,119,027
63$7,598,504$3,769,550$3,029,516$6,597,285
64$8,310,753$3,891,459$3,068,206$7,119,948
65$9,093,673$4,017,364$3,106,215$7,691,415
66$9,954,410$4,147,398$3,143,455$8,316,527
67$10,900,838$4,281,698$3,179,839$9,000,618
68$11,941,630$4,420,408$3,215,271$9,749,559
69$13,086,344$4,563,676$3,249,650$10,569,817
70$14,345,509$4,711,653$3,282,871$11,468,515
71$15,730,725$4,864,499$3,314,822$12,453,495
72$17,254,776$5,022,377$3,345,385$13,533,398
73$18,931,746$5,185,455$3,374,437$14,717,737
74$20,777,150$5,353,909$3,401,848$16,016,994
75$22,808,089$5,527,920$3,427,479$17,442,715
76$25,043,401$5,707,675$3,451,186$19,007,615
77$27,503,845$5,893,368$3,472,818$20,725,703
78$30,212,293$6,085,199$3,492,214$22,612,411
79$33,193,949$6,283,376$3,509,205$24,684,738
80$36,476,585$6,488,114$3,523,617$26,961,413
81$40,090,800$6,699,636$3,535,261$29,463,068
82$44,070,314$6,918,170$3,543,945$32,212,431
83$48,452,281$7,143,955$3,549,462$35,234,545
84$53,277,643$7,377,238$3,551,598$38,556,999
85$58,591,513$7,618,273$3,550,127$42,210,188
86$64,443,604$7,867,325$3,544,813$46,227,603
87$70,888,694$8,124,667$3,535,407$50,646,139
88$77,987,147$8,390,582$3,521,649$55,506,452
89$85,805,478$8,665,362$3,503,266$60,853,333
90$94,416,983$8,949,312$3,479,972$66,736,135
91$103,902,432$9,242,744$3,451,467$73,209,236
92$114,350,826$9,545,984$3,417,437$80,332,552
93$125,860,242$9,859,369$3,377,553$88,172,101
94$138,538,756$10,183,248$3,331,471$96,800,628
95$152,505,462$10,517,980$3,278,828$106,298,284
96$167,891,599$10,863,941$3,219,249$116,753,390
97$184,841,785$11,221,517$3,152,336$128,263,262
98$203,515,385$11,591,109$3,077,678$140,935,135
99$224,088,014$11,973,133$2,994,840$154,887,168
100$246,753,194$12,368,019$2,903,369$170,249,564