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%16.5%
1 years$203,970$202,153$200,381$198,651$196,961$191,733
2 years$100,975$99,095$97,272$95,505$93,791$88,560
3 years$66,648$64,760$62,942$61,191$59,505$54,435
4 years$49,488$47,605$45,805$44,085$42,439$37,570
5 years$39,195$37,323$35,547$33,861$32,262$27,606
6 years$32,335$30,477$28,727$27,079$25,528$21,089
7 years$27,436$25,595$23,872$22,263$20,761$16,541
8 years$23,765$21,939$20,246$18,676$17,223$13,219
9 years$20,910$19,102$17,438$15,908$14,504$10,713
10 years$18,628$16,838$15,202$13,713$12,358$8,775
11 years$16,762$14,989$13,384$11,934$10,629$7,247
12 years$15,208$13,454$11,878$10,468$9,211$6,025
13 years$13,894$12,158$10,612$9,242$8,032$5,036
14 years$12,769$11,052$9,535$8,204$7,041$4,228
15 years$11,795$10,096$8,609$7,316$6,199$3,561
16 years$10,943$9,263$7,805$6,551$5,479$3,009
17 years$10,192$8,531$7,102$5,886$4,858$2,549
18 years$9,526$7,883$6,484$5,304$4,319$2,163
19 years$8,930$7,306$5,935$4,793$3,850$1,839
20 years$8,395$6,789$5,447$4,341$3,439$1,565
21 years$7,911$6,323$5,010$3,940$3,077$1,334
22 years$7,472$5,903$4,618$3,582$2,758$1,139
23 years$7,071$5,521$4,264$3,262$2,476$972
24 years$6,705$5,172$3,943$2,975$2,226$831
25 years$6,368$4,854$3,652$2,717$2,003$711
26 years$6,058$4,562$3,387$2,485$1,804$608
27 years$5,771$4,293$3,145$2,274$1,626$521
28 years$5,505$4,046$2,924$2,084$1,468$446
29 years$5,258$3,817$2,721$1,911$1,325$382
30 years$5,028$3,604$2,535$1,754$1,197$327
31 years$4,813$3,407$2,363$1,611$1,083$280
32 years$4,612$3,224$2,205$1,480$979$240
33 years$4,423$3,053$2,058$1,361$886$206
34 years$4,246$2,894$1,923$1,252$802$177
35 years$4,080$2,745$1,798$1,153$727$152
36 years$3,923$2,605$1,682$1,062$658$130
37 years$3,775$2,474$1,574$978$597$112
38 years$3,635$2,351$1,474$902$541$96
39 years$3,502$2,236$1,381$831$491$82
40 years$3,377$2,127$1,295$767$445$70
41 years$3,258$2,025$1,214$707$404$60
42 years$3,145$1,929$1,139$653$366$52
43 years$3,037$1,838$1,069$603$332$45
44 years$2,935$1,752$1,003$557$302$38
45 years$2,837$1,670$942$514$274$33
46 years$2,744$1,593$885$475$249$28
47 years$2,655$1,521$831$439$226$24
48 years$2,570$1,452$781$405$205$21
49 years$2,489$1,386$734$375$186$18
50 years$2,412$1,324$690$346$169$15

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 $5,265 every year, while hoping to spend $30,410 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: 30/49/21 Blend
50$2,470,000$2,470,000$2,470,000$2,470,000
51$2,727,371$2,596,461$2,558,176$2,791,155
52$2,973,207$2,691,331$2,611,519$2,935,099
53$3,243,099$2,789,831$2,665,629$3,086,762
54$3,539,468$2,892,107$2,720,501$3,249,286
55$3,864,983$2,998,309$2,776,127$3,423,630
56$4,222,581$3,108,596$2,832,498$3,610,844
57$4,615,501$3,223,134$2,889,603$3,812,082
58$5,047,309$3,342,094$2,947,431$4,028,609
59$5,521,933$3,465,656$3,005,969$4,261,812
60$6,043,703$3,594,005$3,065,201$4,513,215
61$6,617,387$3,727,338$3,125,112$4,784,492
62$7,248,239$3,865,856$3,185,682$5,077,481
63$7,942,048$4,009,772$3,246,891$5,394,199
64$8,705,193$4,159,306$3,308,718$5,736,863
65$9,544,699$4,314,689$3,371,136$6,107,910
66$10,468,310$4,476,160$3,434,121$6,510,018
67$11,484,555$4,643,970$3,497,642$6,946,127
68$12,602,835$4,818,379$3,561,668$7,419,475
69$13,833,505$4,999,661$3,626,164$7,933,616
70$15,187,976$5,188,098$3,691,095$8,492,462
71$16,678,823$5,383,988$3,756,419$9,100,312
72$18,319,898$5,587,639$3,822,095$9,761,898
73$20,126,468$5,799,374$3,888,076$10,482,421
74$22,115,354$6,019,528$3,954,312$11,267,604
75$24,305,089$6,248,454$4,020,750$12,123,744
76$26,716,097$6,486,518$4,087,335$13,057,770
77$29,370,883$6,734,101$4,154,004$14,077,304
78$32,294,243$6,991,602$4,220,694$15,190,736
79$35,513,504$7,259,439$4,287,335$16,407,298
80$39,058,774$7,538,044$4,353,854$17,737,153
81$42,963,233$7,827,872$4,420,172$19,191,485
82$47,263,442$8,129,397$4,486,206$20,782,607
83$51,999,688$8,443,112$4,551,869$22,524,072
84$57,216,365$8,769,533$4,617,065$24,430,804
85$62,962,393$9,109,200$4,681,696$26,519,229
86$69,291,680$9,462,673$4,745,656$28,807,437
87$76,263,628$9,830,542$4,808,833$31,315,343
88$83,943,698$10,213,418$4,871,108$34,064,878
89$92,404,022$10,611,942$4,932,357$37,080,191
90$101,724,088$11,026,782$4,992,446$40,387,877
91$111,991,488$11,458,638$5,051,237$44,017,222
92$123,302,747$11,908,239$5,108,581$48,000,479
93$135,764,231$12,376,346$5,164,321$52,373,172
94$149,493,151$12,863,755$5,218,294$57,174,425
95$164,618,671$13,371,298$5,270,326$62,447,328
96$181,283,127$13,899,843$5,320,233$68,239,344
97$199,643,367$14,450,297$5,367,823$74,602,753
98$219,872,237$15,023,608$5,412,891$81,595,140
99$242,160,207$15,620,767$5,455,225$89,279,938
100$266,717,172$16,242,808$5,494,599$97,727,021