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

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$202,319$200,517$198,758$197,042$195,366$193,892
2 years$100,158$98,292$96,485$94,732$93,032$91,545
3 years$66,109$64,235$62,432$60,696$59,023$57,570
4 years$49,087$47,220$45,434$43,728$42,096$40,688
5 years$38,877$37,021$35,259$33,587$32,001$30,642
6 years$32,073$30,230$28,495$26,860$25,321$24,013
7 years$27,214$25,387$23,679$22,083$20,593$19,337
8 years$23,572$21,762$20,082$18,525$17,084$15,879
9 years$20,741$18,947$17,296$15,779$14,387$13,234
10 years$18,477$16,701$15,079$13,602$12,258$11,156
11 years$16,626$14,868$13,276$11,838$10,543$9,490
12 years$15,085$13,345$11,782$10,383$9,136$8,132
13 years$13,782$12,060$10,526$9,167$7,967$7,011
14 years$12,666$10,962$9,458$8,137$6,984$6,075
15 years$11,699$10,014$8,539$7,257$6,149$5,285
16 years$10,854$9,188$7,742$6,498$5,434$4,615
17 years$10,110$8,462$7,045$5,838$4,819$4,042
18 years$9,449$7,819$6,431$5,261$4,284$3,549
19 years$8,858$7,246$5,887$4,754$3,819$3,123
20 years$8,327$6,734$5,403$4,306$3,411$2,754
21 years$7,847$6,272$4,970$3,908$3,052$2,432
22 years$7,411$5,855$4,580$3,553$2,736$2,152
23 years$7,014$5,476$4,229$3,236$2,456$1,906
24 years$6,650$5,131$3,911$2,951$2,208$1,690
25 years$6,316$4,815$3,623$2,695$1,987$1,500
26 years$6,009$4,525$3,360$2,464$1,789$1,332
27 years$5,724$4,259$3,120$2,256$1,613$1,184
28 years$5,461$4,013$2,900$2,067$1,456$1,053
29 years$5,215$3,786$2,699$1,895$1,314$938
30 years$4,987$3,575$2,514$1,739$1,188$835
31 years$4,774$3,380$2,344$1,597$1,074$744
32 years$4,575$3,198$2,187$1,468$971$663
33 years$4,388$3,029$2,042$1,350$879$591
34 years$4,212$2,870$1,908$1,242$796$528
35 years$4,047$2,722$1,784$1,143$721$471
36 years$3,891$2,584$1,669$1,053$653$420
37 years$3,744$2,454$1,562$970$592$375
38 years$3,605$2,332$1,462$894$537$335
39 years$3,474$2,218$1,370$825$487$299
40 years$3,350$2,110$1,284$761$441$267
41 years$3,231$2,009$1,204$702$400$239
42 years$3,119$1,913$1,130$648$363$213
43 years$3,013$1,823$1,060$598$330$191
44 years$2,911$1,737$995$552$299$170
45 years$2,814$1,657$934$510$272$152
46 years$2,722$1,580$877$471$247$136
47 years$2,634$1,508$824$435$224$122
48 years$2,550$1,440$775$402$203$109
49 years$2,469$1,375$728$372$185$97
50 years$2,392$1,313$685$343$168$87

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 $5,126 every year, while hoping to spend $38,006 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: 66/13/21 Blend
50$2,450,000$2,450,000$2,450,000$2,450,000
51$2,705,187$2,575,337$2,537,362$2,869,005
52$2,940,679$2,661,091$2,581,926$3,065,340
53$3,198,916$2,749,772$2,626,709$3,275,077
54$3,482,179$2,841,486$2,671,678$3,503,473
55$3,792,981$2,936,337$2,716,798$3,752,362
56$4,134,085$3,034,439$2,762,031$4,023,762
57$4,508,541$3,135,905$2,807,338$4,319,898
58$4,919,704$3,240,856$2,852,675$4,643,217
59$5,371,270$3,349,415$2,897,997$4,996,415
60$5,867,314$3,461,710$2,943,254$5,382,461
61$6,412,322$3,577,876$2,988,395$5,804,627
62$7,011,237$3,698,050$3,033,364$6,266,514
63$7,669,504$3,822,375$3,078,103$6,772,089
64$8,393,123$3,951,001$3,122,549$7,325,723
65$9,188,703$4,084,081$3,166,635$7,932,229
66$10,063,525$4,221,776$3,210,292$8,596,912
67$11,025,613$4,364,251$3,253,446$9,325,611
68$12,083,806$4,511,680$3,296,016$10,124,764
69$13,247,842$4,664,240$3,337,920$11,001,459
70$14,528,451$4,822,117$3,379,070$11,963,507
71$15,937,457$4,985,505$3,419,373$13,019,513
72$17,487,885$5,154,602$3,458,729$14,178,957
73$19,194,088$5,329,616$3,497,036$15,452,284
74$21,071,881$5,510,763$3,534,182$16,851,002
75$23,138,688$5,698,266$3,570,052$18,387,791
76$25,413,710$5,892,357$3,604,525$20,076,620
77$27,918,103$6,093,277$3,637,471$21,932,882
78$30,675,178$6,301,276$3,668,755$23,973,535
79$33,710,622$6,516,614$3,698,234$26,217,268
80$37,052,738$6,739,561$3,725,758$28,684,671
81$40,732,715$6,970,397$3,751,168$31,398,430
82$44,784,918$7,209,412$3,774,298$34,383,546
83$49,247,216$7,456,910$3,794,974$37,667,564
84$54,161,337$7,713,203$3,813,010$41,280,836
85$59,573,261$7,978,618$3,828,214$45,256,809
86$65,533,657$8,253,494$3,840,383$49,632,336
87$72,098,357$8,538,182$3,849,302$54,448,028
88$79,328,885$8,833,049$3,854,749$59,748,633
89$87,293,036$9,138,473$3,856,489$65,583,462
90$96,065,518$9,454,850$3,854,273$72,006,851
91$105,728,654$9,782,591$3,847,844$79,078,675
92$116,373,159$10,122,121$3,836,930$86,864,915
93$128,099,001$10,473,883$3,821,246$95,438,275
94$141,016,334$10,838,339$3,800,493$104,878,874
95$155,246,550$11,215,968$3,774,359$115,274,998
96$170,923,414$11,607,266$3,742,517$126,723,935
97$188,194,333$12,012,752$3,704,621$139,332,894
98$207,221,742$12,432,964$3,660,313$153,220,012
99$228,184,642$12,868,462$3,609,216$168,515,475
100$251,280,285$13,319,826$3,550,934$185,362,744