Can I retire at age 51 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$203,970$202,153$200,381$198,651$196,961$189,596
2 years$100,975$99,095$97,272$95,505$93,791$86,455
3 years$66,648$64,760$62,942$61,191$59,505$52,429
4 years$49,488$47,605$45,805$44,085$42,439$35,677
5 years$39,195$37,323$35,547$33,861$32,262$25,831
6 years$32,335$30,477$28,727$27,079$25,528$19,433
7 years$27,436$25,595$23,872$22,263$20,761$15,000
8 years$23,765$21,939$20,246$18,676$17,223$11,792
9 years$20,910$19,102$17,438$15,908$14,504$9,394
10 years$18,628$16,838$15,202$13,713$12,358$7,561
11 years$16,762$14,989$13,384$11,934$10,629$6,132
12 years$15,208$13,454$11,878$10,468$9,211$5,005
13 years$13,894$12,158$10,612$9,242$8,032$4,104
14 years$12,769$11,052$9,535$8,204$7,041$3,379
15 years$11,795$10,096$8,609$7,316$6,199$2,791
16 years$10,943$9,263$7,805$6,551$5,479$2,311
17 years$10,192$8,531$7,102$5,886$4,858$1,917
18 years$9,526$7,883$6,484$5,304$4,319$1,594
19 years$8,930$7,306$5,935$4,793$3,850$1,326
20 years$8,395$6,789$5,447$4,341$3,439$1,105
21 years$7,911$6,323$5,010$3,940$3,077$922
22 years$7,472$5,903$4,618$3,582$2,758$770
23 years$7,071$5,521$4,264$3,262$2,476$643
24 years$6,705$5,172$3,943$2,975$2,226$537
25 years$6,368$4,854$3,652$2,717$2,003$449
26 years$6,058$4,562$3,387$2,485$1,804$376
27 years$5,771$4,293$3,145$2,274$1,626$315
28 years$5,505$4,046$2,924$2,084$1,468$263
29 years$5,258$3,817$2,721$1,911$1,325$221
30 years$5,028$3,604$2,535$1,754$1,197$185
31 years$4,813$3,407$2,363$1,611$1,083$155
32 years$4,612$3,224$2,205$1,480$979$130
33 years$4,423$3,053$2,058$1,361$886$109
34 years$4,246$2,894$1,923$1,252$802$91
35 years$4,080$2,745$1,798$1,153$727$76
36 years$3,923$2,605$1,682$1,062$658$64
37 years$3,775$2,474$1,574$978$597$53
38 years$3,635$2,351$1,474$902$541$45
39 years$3,502$2,236$1,381$831$491$38
40 years$3,377$2,127$1,295$767$445$31
41 years$3,258$2,025$1,214$707$404$26
42 years$3,145$1,929$1,139$653$366$22
43 years$3,037$1,838$1,069$603$332$19
44 years$2,935$1,752$1,003$557$302$16
45 years$2,837$1,670$942$514$274$13
46 years$2,744$1,593$885$475$249$11
47 years$2,655$1,521$831$439$226$9
48 years$2,570$1,452$781$405$205$8
49 years$2,489$1,386$734$375$186$6
50 years$2,412$1,324$690$346$169$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,470,000, adding $6,822 every year, while hoping to spend $22,701 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: 69/19/12 Blend
50$2,470,000$2,470,000$2,470,000$2,470,000
51$2,728,977$2,598,067$2,559,782$2,909,755
52$2,983,179$2,701,218$2,621,381$3,133,855
53$3,262,549$2,808,664$2,684,283$3,375,562
54$3,569,629$2,920,589$2,748,507$3,639,398
55$3,907,222$3,037,189$2,814,073$3,927,536
56$4,278,415$3,158,667$2,881,000$4,242,366
57$4,686,608$3,285,237$2,949,309$4,586,518
58$5,135,549$3,417,120$3,019,017$4,962,889
59$5,629,365$3,554,548$3,090,144$5,374,665
60$6,172,604$3,697,766$3,162,708$5,825,357
61$6,770,279$3,847,026$3,236,728$6,318,828
62$7,427,912$4,002,594$3,312,222$6,859,331
63$8,151,585$4,164,747$3,389,208$7,451,551
64$8,948,002$4,333,775$3,467,702$8,100,645
65$9,824,551$4,509,982$3,547,722$8,812,291
66$10,789,368$4,693,685$3,629,285$9,592,743
67$11,851,423$4,885,214$3,712,404$10,448,889
68$13,020,595$5,084,917$3,797,097$11,388,312
69$14,307,773$5,293,156$3,883,378$12,419,366
70$15,724,955$5,510,309$3,971,260$13,551,250
71$17,285,359$5,736,773$4,060,756$14,794,097
72$19,003,553$5,972,962$4,151,878$16,159,069
73$20,895,588$6,219,310$4,244,639$17,658,456
74$22,979,152$6,476,270$4,339,048$19,305,802
75$25,273,733$6,744,315$4,435,114$21,116,020
76$27,800,809$7,023,942$4,532,846$23,105,541
77$30,584,046$7,315,669$4,632,250$25,292,465
78$33,649,520$7,620,038$4,733,332$27,696,728
79$37,025,969$7,937,618$4,836,096$30,340,297
80$40,745,057$8,269,001$4,940,545$33,247,366
81$44,841,680$8,614,809$5,046,680$36,444,594
82$49,354,288$8,975,691$5,154,500$39,961,346
83$54,325,252$9,352,327$5,264,003$43,829,978
84$59,801,265$9,745,428$5,375,185$48,086,133
85$65,833,779$10,155,739$5,488,038$52,769,082
86$72,479,492$10,584,037$5,602,555$57,922,093
87$79,800,884$11,031,139$5,718,724$63,592,835
88$87,866,805$11,497,895$5,836,532$69,833,828
89$96,753,126$11,985,199$5,955,963$76,702,940
90$106,543,454$12,493,984$6,076,997$84,263,927
91$117,329,924$13,025,227$6,199,614$92,587,039
92$129,214,064$13,579,950$6,323,789$101,749,677
93$142,307,755$14,159,224$6,449,492$111,837,123
94$156,734,289$14,764,169$6,576,693$122,943,345
95$172,629,531$15,395,958$6,705,356$135,171,882
96$190,143,200$16,055,816$6,835,443$148,636,817
97$209,440,285$16,745,030$6,966,909$163,463,856
98$230,702,601$17,464,944$7,099,707$179,791,508
99$254,130,505$18,216,964$7,233,786$197,772,396
100$279,944,786$19,002,565$7,369,087$217,574,691