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%15.7%
1 years$203,145$201,335$199,570$197,846$196,164$191,577
2 years$100,567$98,694$96,878$95,118$93,411$88,817
3 years$66,378$64,497$62,687$60,943$59,264$54,804
4 years$49,288$47,412$45,620$43,906$42,268$37,978
5 years$39,036$37,172$35,403$33,724$32,131$28,023
6 years$32,204$30,354$28,611$26,970$25,424$21,502
7 years$27,325$25,491$23,776$22,173$20,677$16,941
8 years$23,668$21,850$20,164$18,600$17,153$13,602
9 years$20,825$19,025$17,367$15,843$14,446$11,077
10 years$18,552$16,769$15,141$13,657$12,308$9,118
11 years$16,694$14,929$13,330$11,886$10,586$7,569
12 years$15,146$13,399$11,830$10,426$9,173$6,326
13 years$13,838$12,109$10,569$9,204$7,999$5,316
14 years$12,717$11,007$9,496$8,170$7,012$4,487
15 years$11,747$10,055$8,574$7,287$6,174$3,801
16 years$10,899$9,225$7,774$6,524$5,457$3,230
17 years$10,151$8,496$7,074$5,862$4,838$2,752
18 years$9,487$7,851$6,457$5,283$4,302$2,349
19 years$8,894$7,276$5,911$4,774$3,834$2,009
20 years$8,361$6,761$5,425$4,323$3,425$1,721
21 years$7,879$6,298$4,990$3,924$3,065$1,476
22 years$7,441$5,879$4,599$3,568$2,747$1,267
23 years$7,043$5,498$4,247$3,249$2,466$1,089
24 years$6,678$5,152$3,927$2,963$2,217$937
25 years$6,342$4,834$3,637$2,706$1,995$806
26 years$6,033$4,544$3,374$2,474$1,797$694
27 years$5,748$4,276$3,133$2,265$1,620$598
28 years$5,483$4,029$2,912$2,075$1,462$516
29 years$5,237$3,801$2,710$1,903$1,320$445
30 years$5,007$3,590$2,524$1,746$1,193$383
31 years$4,793$3,394$2,353$1,604$1,078$331
32 years$4,593$3,211$2,196$1,474$975$286
33 years$4,405$3,041$2,050$1,356$883$246
34 years$4,229$2,882$1,916$1,247$799$213
35 years$4,063$2,734$1,791$1,148$724$184
36 years$3,907$2,595$1,675$1,057$656$159
37 years$3,760$2,464$1,568$974$594$137
38 years$3,620$2,342$1,468$898$539$118
39 years$3,488$2,227$1,376$828$489$102
40 years$3,363$2,119$1,290$764$443$88
41 years$3,245$2,017$1,209$705$402$76
42 years$3,132$1,921$1,134$650$365$66
43 years$3,025$1,830$1,064$600$331$57
44 years$2,923$1,744$999$554$301$49
45 years$2,826$1,664$938$512$273$43
46 years$2,733$1,587$881$473$248$37
47 years$2,645$1,514$828$437$225$32
48 years$2,560$1,446$778$404$204$27
49 years$2,479$1,381$731$373$186$24
50 years$2,402$1,319$687$345$169$21

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 $6,751 every year, while hoping to spend $26,956 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: 29/43/28 Blend
50$2,460,000$2,460,000$2,460,000$2,460,000
51$2,717,884$2,587,504$2,549,374$2,773,046
52$2,966,427$2,685,610$2,606,097$2,915,283
53$3,239,418$2,787,621$2,663,817$3,065,296
54$3,539,322$2,893,698$2,722,538$3,226,037
55$3,868,855$3,004,012$2,782,265$3,398,450
56$4,231,010$3,118,739$2,843,002$3,583,573
57$4,629,081$3,238,065$2,904,751$3,782,543
58$5,066,700$3,362,184$2,967,513$3,996,609
59$5,547,868$3,491,295$3,031,290$4,227,140
60$6,076,993$3,625,611$3,096,080$4,475,640
61$6,658,931$3,765,351$3,161,883$4,743,760
62$7,299,032$3,910,743$3,228,697$5,033,311
63$8,003,191$4,062,028$3,296,516$5,346,286
64$8,777,904$4,219,454$3,365,337$5,684,871
65$9,630,327$4,383,284$3,435,152$6,051,469
66$10,568,345$4,553,790$3,505,954$6,448,721
67$11,600,646$4,731,255$3,577,734$6,879,528
68$12,736,803$4,915,978$3,650,479$7,347,081
69$13,987,365$5,108,268$3,724,177$7,854,888
70$15,363,952$5,308,450$3,798,814$8,406,804
71$16,879,373$5,516,862$3,874,372$9,007,070
72$18,547,739$5,733,857$3,950,833$9,660,351
73$20,384,597$5,959,805$4,028,175$10,371,774
74$22,407,082$6,195,092$4,106,375$11,146,985
75$24,634,074$6,440,121$4,185,407$11,992,189
76$27,086,375$6,695,312$4,265,244$12,914,218
77$29,786,908$6,961,105$4,345,853$13,920,587
78$32,760,935$7,237,961$4,427,201$15,019,566
79$36,036,288$7,526,360$4,509,250$16,220,257
80$39,643,640$7,826,802$4,591,961$17,532,675
81$43,616,790$8,139,814$4,675,290$18,967,847
82$47,992,980$8,465,942$4,759,189$20,537,908
83$52,813,250$8,805,759$4,843,608$22,256,219
84$58,122,825$9,159,865$4,928,493$24,137,485
85$63,971,539$9,528,884$5,013,783$26,197,898
86$70,414,308$9,913,471$5,099,417$28,455,285
87$77,511,646$10,314,310$5,185,326$30,929,275
88$85,330,237$10,732,115$5,271,438$33,641,479
89$93,943,566$11,167,633$5,357,675$36,615,697
90$103,432,608$11,621,645$5,443,956$39,878,135
91$113,886,596$12,094,968$5,530,190$43,457,653
92$125,403,863$12,588,455$5,616,286$47,386,035
93$138,092,767$13,103,000$5,702,141$51,698,283
94$152,072,717$13,639,535$5,787,651$56,432,948
95$167,475,299$14,199,036$5,872,702$61,632,491
96$184,445,515$14,782,525$5,957,174$67,343,677
97$203,143,157$15,391,069$6,040,939$73,618,018
98$223,744,312$16,025,783$6,123,862$80,512,251
99$246,443,021$16,687,836$6,205,801$88,088,874
100$271,453,117$17,378,448$6,286,604$96,416,731