Can I retire at age 51 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$203,145$201,335$199,570$197,846$196,164$192,046
2 years$100,567$98,694$96,878$95,118$93,411$89,282
3 years$66,378$64,497$62,687$60,943$59,264$55,252
4 years$49,288$47,412$45,620$43,906$42,268$38,404
5 years$39,036$37,172$35,403$33,724$32,131$28,427
6 years$32,204$30,354$28,611$26,970$25,424$21,883
7 years$27,325$25,491$23,776$22,173$20,677$17,300
8 years$23,668$21,850$20,164$18,600$17,153$13,939
9 years$20,825$19,025$17,367$15,843$14,446$11,392
10 years$18,552$16,769$15,141$13,657$12,308$9,413
11 years$16,694$14,929$13,330$11,886$10,586$7,844
12 years$15,146$13,399$11,830$10,426$9,173$6,581
13 years$13,838$12,109$10,569$9,204$7,999$5,552
14 years$12,717$11,007$9,496$8,170$7,012$4,706
15 years$11,747$10,055$8,574$7,287$6,174$4,003
16 years$10,899$9,225$7,774$6,524$5,457$3,416
17 years$10,151$8,496$7,074$5,862$4,838$2,923
18 years$9,487$7,851$6,457$5,283$4,302$2,506
19 years$8,894$7,276$5,911$4,774$3,834$2,153
20 years$8,361$6,761$5,425$4,323$3,425$1,853
21 years$7,879$6,298$4,990$3,924$3,065$1,596
22 years$7,441$5,879$4,599$3,568$2,747$1,377
23 years$7,043$5,498$4,247$3,249$2,466$1,189
24 years$6,678$5,152$3,927$2,963$2,217$1,027
25 years$6,342$4,834$3,637$2,706$1,995$888
26 years$6,033$4,544$3,374$2,474$1,797$769
27 years$5,748$4,276$3,133$2,265$1,620$666
28 years$5,483$4,029$2,912$2,075$1,462$577
29 years$5,237$3,801$2,710$1,903$1,320$500
30 years$5,007$3,590$2,524$1,746$1,193$433
31 years$4,793$3,394$2,353$1,604$1,078$376
32 years$4,593$3,211$2,196$1,474$975$326
33 years$4,405$3,041$2,050$1,356$883$283
34 years$4,229$2,882$1,916$1,247$799$245
35 years$4,063$2,734$1,791$1,148$724$213
36 years$3,907$2,595$1,675$1,057$656$185
37 years$3,760$2,464$1,568$974$594$160
38 years$3,620$2,342$1,468$898$539$139
39 years$3,488$2,227$1,376$828$489$121
40 years$3,363$2,119$1,290$764$443$105
41 years$3,245$2,017$1,209$705$402$91
42 years$3,132$1,921$1,134$650$365$79
43 years$3,025$1,830$1,064$600$331$69
44 years$2,923$1,744$999$554$301$60
45 years$2,826$1,664$938$512$273$52
46 years$2,733$1,587$881$473$248$45
47 years$2,645$1,514$828$437$225$39
48 years$2,560$1,446$778$404$204$34
49 years$2,479$1,381$731$373$186$30
50 years$2,402$1,319$687$345$169$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,460,000, adding $4,223 every year, while hoping to spend $22,469 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: 58/32/10 Blend
50$2,460,000$2,460,000$2,460,000$2,460,000
51$2,715,276$2,584,896$2,546,766$2,866,061
52$2,968,327$2,687,649$2,608,176$3,070,850
53$3,246,437$2,794,684$2,670,890$3,291,077
54$3,552,137$2,906,187$2,734,928$3,530,576
55$3,888,217$3,022,352$2,800,310$3,791,199
56$4,257,750$3,143,383$2,867,056$4,074,981
57$4,664,124$3,269,492$2,935,185$4,384,159
58$5,111,068$3,400,900$3,004,718$4,721,194
59$5,602,694$3,537,841$3,075,672$5,088,793
60$6,143,529$3,680,556$3,148,068$5,489,936
61$6,738,565$3,829,299$3,221,924$5,927,897
62$7,393,299$3,984,335$3,297,259$6,406,283
63$8,113,789$4,145,941$3,374,091$6,929,060
64$8,906,709$4,314,406$3,452,437$7,500,594
65$9,779,415$4,490,033$3,532,315$8,125,688
66$10,740,010$4,673,139$3,613,742$8,809,630
67$11,797,423$4,864,055$3,696,734$9,558,241
68$12,961,493$5,063,127$3,781,308$10,377,927
69$14,243,061$5,270,716$3,867,477$11,275,740
70$15,654,073$5,487,201$3,955,258$12,259,444
71$17,207,693$5,712,978$4,044,663$13,337,587
72$18,918,424$5,948,460$4,135,705$14,519,580
73$20,802,249$6,194,081$4,228,398$15,815,785
74$22,876,780$6,450,292$4,322,751$17,237,611
75$25,161,424$6,717,568$4,418,775$18,797,624
76$27,677,564$6,996,404$4,516,479$20,509,658
77$30,448,765$7,287,318$4,615,870$22,388,949
78$33,500,994$7,590,851$4,716,957$24,452,276
79$36,862,863$7,907,571$4,819,743$26,718,120
80$40,565,903$8,238,070$4,924,232$29,206,832
81$44,644,859$8,582,969$5,030,427$31,940,828
82$49,138,017$8,942,916$5,138,329$34,944,799
83$54,087,567$9,318,592$5,247,936$38,245,938
84$59,540,002$9,710,707$5,359,245$41,874,199
85$65,546,554$10,120,003$5,472,251$45,862,577
86$72,163,679$10,547,259$5,586,948$50,247,418
87$79,453,588$10,993,289$5,703,325$55,068,756
88$87,484,839$11,458,945$5,821,371$60,370,696
89$96,332,977$11,945,118$5,941,071$66,201,821
90$106,081,253$12,452,740$6,062,409$72,615,654
91$116,821,406$12,982,790$6,185,365$79,671,156
92$128,654,530$13,536,287$6,309,916$87,433,283
93$141,692,029$14,114,302$6,436,035$95,973,597
94$156,056,667$14,717,954$6,563,693$105,370,936
95$171,883,728$15,348,415$6,692,858$115,712,159
96$189,322,291$16,006,910$6,823,491$127,092,960
97$208,536,640$16,694,724$6,955,554$139,618,768
98$229,707,812$17,413,201$7,089,000$153,405,742
99$253,035,308$18,163,746$7,223,780$168,581,862
100$278,738,973$18,947,833$7,359,840$185,288,133