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%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 $5,976 every year, while hoping to spend $56,758 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: 43/50/7 Blend
50$2,450,000$2,450,000$2,450,000$2,450,000
51$2,706,064$2,576,214$2,538,239$2,816,713
52$2,921,693$2,642,059$2,562,880$2,959,915
53$3,157,413$2,709,227$2,586,444$3,108,682
54$3,415,215$2,777,725$2,608,836$3,268,530
55$3,697,288$2,847,555$2,629,953$3,440,489
56$4,006,045$2,918,718$2,649,690$3,625,698
57$4,344,142$2,991,216$2,667,935$3,825,405
58$4,714,503$3,065,044$2,684,569$4,040,988
59$5,120,349$3,140,199$2,699,470$4,273,961
60$5,565,229$3,216,672$2,712,506$4,525,992
61$6,053,048$3,294,455$2,723,541$4,798,918
62$6,588,110$3,373,534$2,732,430$5,094,761
63$7,175,154$3,453,895$2,739,024$5,415,747
64$7,819,401$3,535,517$2,743,163$5,764,329
65$8,526,602$3,618,379$2,744,680$6,143,209
66$9,303,090$3,702,454$2,743,401$6,555,362
67$10,155,843$3,787,712$2,739,143$7,004,065
68$11,092,547$3,874,118$2,731,713$7,492,929
69$12,121,672$3,961,634$2,720,910$8,025,931
70$13,252,543$4,050,216$2,706,522$8,607,454
71$14,495,440$4,139,813$2,688,327$9,242,325
72$15,861,682$4,230,372$2,666,093$9,935,865
73$17,363,744$4,321,830$2,639,578$10,693,934
74$19,015,368$4,414,122$2,608,526$11,522,991
75$20,831,694$4,507,172$2,572,669$12,430,152
76$22,829,402$4,600,900$2,531,730$13,423,259
77$25,026,873$4,695,215$2,485,415$14,510,953
78$27,444,355$4,790,022$2,433,417$15,702,758
79$30,104,160$4,885,214$2,375,417$17,009,166
80$33,030,870$4,980,675$2,311,079$18,441,743
81$36,251,571$5,076,280$2,240,053$20,013,231
82$39,796,108$5,171,894$2,161,971$21,737,677
83$43,697,364$5,267,370$2,076,450$23,630,557
84$47,991,573$5,362,549$1,983,088$25,708,929
85$52,718,658$5,457,259$1,881,467$27,991,593
86$57,922,613$5,551,317$1,771,148$30,499,265
87$63,651,911$5,644,522$1,651,673$33,254,780
88$69,959,965$5,736,663$1,522,563$36,283,299
89$76,905,630$5,827,508$1,383,318$39,612,558
90$84,553,761$5,916,812$1,233,415$43,273,120
91$92,975,818$6,004,310$1,072,309$47,298,671
92$102,250,550$6,089,719$899,429$51,726,336
93$112,464,727$6,172,736$714,180$56,597,031
94$123,713,965$6,253,036$515,942$61,955,851
95$136,103,627$6,330,273$304,064$67,852,494
96$149,749,817$6,404,076$77,869$74,341,733
97$164,780,471$6,474,049$0$81,483,935
98$181,336,572$6,539,771$0$89,357,845
99$199,573,473$6,600,790$0$98,031,575
100$219,662,366$6,656,627$0$107,580,171