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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$203,970$202,153$200,381$198,651$196,961$195,638
2 years$100,975$99,095$97,272$95,505$93,791$92,457
3 years$66,648$64,760$62,942$61,191$59,505$58,200
4 years$49,488$47,605$45,805$44,085$42,439$41,175
5 years$39,195$37,323$35,547$33,861$32,262$31,041
6 years$32,335$30,477$28,727$27,079$25,528$24,352
7 years$27,436$25,595$23,872$22,263$20,761$19,631
8 years$23,765$21,939$20,246$18,676$17,223$16,140
9 years$20,910$19,102$17,438$15,908$14,504$13,467
10 years$18,628$16,838$15,202$13,713$12,358$11,366
11 years$16,762$14,989$13,384$11,934$10,629$9,680
12 years$15,208$13,454$11,878$10,468$9,211$8,306
13 years$13,894$12,158$10,612$9,242$8,032$7,170
14 years$12,769$11,052$9,535$8,204$7,041$6,220
15 years$11,795$10,096$8,609$7,316$6,199$5,419
16 years$10,943$9,263$7,805$6,551$5,479$4,738
17 years$10,192$8,531$7,102$5,886$4,858$4,156
18 years$9,526$7,883$6,484$5,304$4,319$3,654
19 years$8,930$7,306$5,935$4,793$3,850$3,220
20 years$8,395$6,789$5,447$4,341$3,439$2,844
21 years$7,911$6,323$5,010$3,940$3,077$2,515
22 years$7,472$5,903$4,618$3,582$2,758$2,228
23 years$7,071$5,521$4,264$3,262$2,476$1,977
24 years$6,705$5,172$3,943$2,975$2,226$1,755
25 years$6,368$4,854$3,652$2,717$2,003$1,560
26 years$6,058$4,562$3,387$2,485$1,804$1,388
27 years$5,771$4,293$3,145$2,274$1,626$1,236
28 years$5,505$4,046$2,924$2,084$1,468$1,101
29 years$5,258$3,817$2,721$1,911$1,325$982
30 years$5,028$3,604$2,535$1,754$1,197$876
31 years$4,813$3,407$2,363$1,611$1,083$782
32 years$4,612$3,224$2,205$1,480$979$698
33 years$4,423$3,053$2,058$1,361$886$623
34 years$4,246$2,894$1,923$1,252$802$557
35 years$4,080$2,745$1,798$1,153$727$498
36 years$3,923$2,605$1,682$1,062$658$445
37 years$3,775$2,474$1,574$978$597$398
38 years$3,635$2,351$1,474$902$541$356
39 years$3,502$2,236$1,381$831$491$318
40 years$3,377$2,127$1,295$767$445$285
41 years$3,258$2,025$1,214$707$404$255
42 years$3,145$1,929$1,139$653$366$228
43 years$3,037$1,838$1,069$603$332$204
44 years$2,935$1,752$1,003$557$302$183
45 years$2,837$1,670$942$514$274$164
46 years$2,744$1,593$885$475$249$147
47 years$2,655$1,521$831$439$226$131
48 years$2,570$1,452$781$405$205$118
49 years$2,489$1,386$734$375$186$105
50 years$2,412$1,324$690$346$169$94

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 $6,947 every year, while hoping to spend $25,808 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: 82/13/5 Blend
50$2,470,000$2,470,000$2,470,000$2,470,000
51$2,729,106$2,598,196$2,559,911$2,952,072
52$2,980,015$2,698,048$2,618,208$3,198,607
53$3,255,652$2,801,928$2,677,594$3,464,998
54$3,558,512$2,910,006$2,738,077$3,756,620
55$3,891,343$3,022,459$2,799,665$4,075,982
56$4,257,174$3,139,473$2,862,367$4,425,845
57$4,659,340$3,261,241$2,926,191$4,809,252
58$5,101,517$3,387,967$2,991,143$5,229,552
59$5,587,754$3,519,860$3,057,229$5,690,432
60$6,122,513$3,657,140$3,124,454$6,195,955
61$6,710,708$3,800,040$3,192,822$6,750,593
62$7,357,757$3,948,797$3,262,337$7,359,275
63$8,069,624$4,103,665$3,333,002$8,027,426
64$8,852,885$4,264,904$3,404,817$8,761,023
65$9,714,784$4,432,789$3,477,783$9,566,649
66$10,663,302$4,607,605$3,551,899$10,451,556
67$11,707,234$4,789,653$3,627,162$11,423,732
68$12,856,269$4,979,243$3,703,570$12,491,976
69$14,121,086$5,176,703$3,781,116$13,665,979
70$15,513,448$5,382,373$3,859,795$14,956,421
71$17,046,319$5,596,609$3,939,598$16,375,062
72$18,733,984$5,819,783$4,020,515$17,934,862
73$20,592,182$6,052,284$4,102,534$19,650,097
74$22,638,258$6,294,519$4,185,642$21,536,493
75$24,891,322$6,546,912$4,269,822$23,611,377
76$27,372,433$6,809,908$4,355,058$25,893,840
77$30,104,797$7,083,969$4,441,328$28,404,912
78$33,113,983$7,369,581$4,528,610$31,167,764
79$36,428,170$7,667,250$4,616,879$34,207,928
80$40,078,405$7,977,507$4,706,106$37,553,530
81$44,098,903$8,300,906$4,796,261$41,235,563
82$48,527,365$8,638,024$4,887,310$45,288,171
83$53,405,338$8,989,469$4,979,216$49,748,979
84$58,778,601$9,355,871$5,071,938$54,659,439
85$64,697,603$9,737,894$5,165,434$60,065,229
86$71,217,937$10,136,229$5,259,654$66,016,673
87$78,400,862$10,551,600$5,354,547$72,569,227
88$86,313,884$10,984,762$5,450,059$79,783,991
89$95,031,392$11,436,508$5,546,128$87,728,291
90$104,635,362$11,907,664$5,642,691$96,476,314
91$115,216,125$12,399,096$5,739,678$106,109,801
92$126,873,227$12,911,709$5,837,014$116,718,825
93$139,716,363$13,446,450$5,934,620$128,402,637
94$153,866,413$14,004,307$6,032,412$141,270,600
95$169,456,587$14,586,318$6,130,297$155,443,223
96$186,633,676$15,193,564$6,228,179$171,053,297
97$205,559,442$15,827,181$6,325,955$188,247,146
98$226,412,144$16,488,352$6,423,513$207,186,007
99$249,388,220$17,178,317$6,520,738$228,047,553
100$274,704,139$17,898,376$6,617,503$251,027,565