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%19.1%
1 years$203,145$201,335$199,570$197,846$196,164$188,978
2 years$100,567$98,694$96,878$95,118$93,411$86,252
3 years$66,378$64,497$62,687$60,943$59,264$52,356
4 years$49,288$47,412$45,620$43,906$42,268$35,664
5 years$39,036$37,172$35,403$33,724$32,131$25,849
6 years$32,204$30,354$28,611$26,970$25,424$19,467
7 years$27,325$25,491$23,776$22,173$20,677$15,044
8 years$23,668$21,850$20,164$18,600$17,153$11,840
9 years$20,825$19,025$17,367$15,843$14,446$9,445
10 years$18,552$16,769$15,141$13,657$12,308$7,611
11 years$16,694$14,929$13,330$11,886$10,586$6,181
12 years$15,146$13,399$11,830$10,426$9,173$5,051
13 years$13,838$12,109$10,569$9,204$7,999$4,148
14 years$12,717$11,007$9,496$8,170$7,012$3,420
15 years$11,747$10,055$8,574$7,287$6,174$2,828
16 years$10,899$9,225$7,774$6,524$5,457$2,345
17 years$10,151$8,496$7,074$5,862$4,838$1,949
18 years$9,487$7,851$6,457$5,283$4,302$1,622
19 years$8,894$7,276$5,911$4,774$3,834$1,352
20 years$8,361$6,761$5,425$4,323$3,425$1,129
21 years$7,879$6,298$4,990$3,924$3,065$943
22 years$7,441$5,879$4,599$3,568$2,747$788
23 years$7,043$5,498$4,247$3,249$2,466$660
24 years$6,678$5,152$3,927$2,963$2,217$552
25 years$6,342$4,834$3,637$2,706$1,995$463
26 years$6,033$4,544$3,374$2,474$1,797$388
27 years$5,748$4,276$3,133$2,265$1,620$325
28 years$5,483$4,029$2,912$2,075$1,462$272
29 years$5,237$3,801$2,710$1,903$1,320$228
30 years$5,007$3,590$2,524$1,746$1,193$192
31 years$4,793$3,394$2,353$1,604$1,078$161
32 years$4,593$3,211$2,196$1,474$975$135
33 years$4,405$3,041$2,050$1,356$883$113
34 years$4,229$2,882$1,916$1,247$799$95
35 years$4,063$2,734$1,791$1,148$724$80
36 years$3,907$2,595$1,675$1,057$656$67
37 years$3,760$2,464$1,568$974$594$56
38 years$3,620$2,342$1,468$898$539$47
39 years$3,488$2,227$1,376$828$489$40
40 years$3,363$2,119$1,290$764$443$33
41 years$3,245$2,017$1,209$705$402$28
42 years$3,132$1,921$1,134$650$365$23
43 years$3,025$1,830$1,064$600$331$20
44 years$2,923$1,744$999$554$301$17
45 years$2,826$1,664$938$512$273$14
46 years$2,733$1,587$881$473$248$12
47 years$2,645$1,514$828$437$225$10
48 years$2,560$1,446$778$404$204$8
49 years$2,479$1,381$731$373$186$7
50 years$2,402$1,319$687$345$169$6

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 $5,551 every year, while hoping to spend $57,663 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: 44/31/25 Blend
50$2,460,000$2,460,000$2,460,000$2,460,000
51$2,716,646$2,586,266$2,548,136$2,816,258
52$2,932,391$2,651,640$2,572,145$2,952,922
53$3,168,209$2,718,285$2,595,027$3,094,982
54$3,426,087$2,786,201$2,616,681$3,247,839
55$3,708,213$2,855,390$2,637,004$3,412,527
56$4,016,994$2,925,848$2,655,888$3,590,185
57$4,355,083$2,997,570$2,673,215$3,782,068
58$4,725,400$3,070,550$2,688,867$3,989,558
59$5,131,162$3,144,778$2,702,715$4,214,180
60$5,575,910$3,220,241$2,714,626$4,457,611
61$6,063,546$3,296,926$2,724,459$4,721,703
62$6,598,366$3,374,814$2,732,066$5,008,495
63$7,185,102$3,453,882$2,737,293$5,320,235
64$7,828,967$3,534,107$2,739,977$5,659,400
65$8,535,702$3,615,458$2,739,946$6,028,720
66$9,311,631$3,697,904$2,737,022$6,431,206
67$10,163,722$3,781,406$2,731,017$6,870,174
68$11,099,649$3,865,922$2,721,734$7,349,282
69$12,127,866$3,951,405$2,708,964$7,872,560
70$13,257,687$4,037,802$2,692,493$8,444,452
71$14,499,372$4,125,055$2,672,093$9,069,854
72$15,864,225$4,213,100$2,647,525$9,754,166
73$17,364,700$4,301,866$2,618,541$10,503,339
74$19,014,516$4,391,274$2,584,879$11,323,933
75$20,828,790$4,481,239$2,546,265$12,223,179
76$22,824,175$4,571,669$2,502,414$13,209,048
77$25,019,022$4,662,462$2,453,026$14,290,328
78$27,433,547$4,753,507$2,397,787$15,476,705
79$30,090,025$4,844,685$2,336,369$16,778,855
80$33,012,998$4,935,865$2,268,428$18,208,549
81$36,229,509$5,026,908$2,193,606$19,778,760
82$39,769,354$5,117,661$2,111,526$21,503,790
83$43,665,362$5,207,961$2,021,797$23,399,403
84$47,953,709$5,297,631$1,924,007$25,482,975
85$52,674,253$5,386,481$1,817,727$27,773,663
86$57,870,915$5,474,306$1,702,508$30,292,578
87$63,592,088$5,560,887$1,577,882$33,062,996
88$69,891,099$5,645,989$1,443,359$36,110,569
89$76,826,707$5,729,357$1,298,427$39,463,574
90$84,463,658$5,810,723$1,142,552$43,153,180
91$92,873,298$5,889,795$975,174$47,213,743
92$102,134,243$5,966,263$795,711$51,683,132
93$112,333,122$6,039,797$603,553$56,603,085
94$123,565,394$6,110,041$398,066$62,019,611
95$135,936,248$6,176,617$178,586$67,983,419
96$149,561,596$6,239,121$0$74,550,403
97$164,569,165$6,297,124$0$81,797,010
98$181,099,702$6,350,166$0$89,828,103
99$199,308,305$6,397,758$0$98,671,039
100$219,365,884$6,439,379$0$108,408,516