Can I retire at age 51 with 2,480,000?

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 $2,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$204,796$202,972$201,192$199,455$197,759$191,275
2 years$101,384$99,496$97,666$95,892$94,171$87,701
3 years$66,918$65,022$63,196$61,439$59,746$53,492
4 years$49,688$47,798$45,991$44,263$42,611$36,622
5 years$39,353$37,474$35,691$33,998$32,392$26,683
6 years$32,465$30,600$28,843$27,189$25,631$20,207
7 years$27,548$25,698$23,969$22,353$20,845$15,705
8 years$23,861$22,028$20,328$18,752$17,293$12,434
9 years$20,995$19,179$17,508$15,972$14,563$9,979
10 years$18,703$16,906$15,264$13,768$12,408$8,092
11 years$16,830$15,050$13,438$11,983$10,672$6,615
12 years$15,270$13,508$11,926$10,510$9,248$5,442
13 years$13,950$12,207$10,655$9,279$8,064$4,499
14 years$12,821$11,096$9,574$8,237$7,069$3,735
15 years$11,842$10,137$8,644$7,346$6,224$3,111
16 years$10,987$9,300$7,837$6,577$5,501$2,599
17 years$10,234$8,565$7,131$5,910$4,878$2,175
18 years$9,564$7,915$6,510$5,326$4,337$1,824
19 years$8,966$7,335$5,959$4,812$3,866$1,532
20 years$8,429$6,816$5,469$4,359$3,453$1,289
21 years$7,943$6,349$5,031$3,956$3,090$1,085
22 years$7,502$5,927$4,637$3,597$2,770$914
23 years$7,100$5,543$4,281$3,275$2,486$771
24 years$6,732$5,193$3,959$2,987$2,235$651
25 years$6,394$4,874$3,667$2,728$2,011$549
26 years$6,082$4,581$3,401$2,495$1,811$464
27 years$5,794$4,311$3,158$2,283$1,633$392
28 years$5,527$4,062$2,936$2,092$1,474$331
29 years$5,279$3,832$2,732$1,918$1,331$280
30 years$5,048$3,619$2,545$1,761$1,202$237
31 years$4,832$3,421$2,373$1,617$1,087$200
32 years$4,631$3,237$2,214$1,486$983$170
33 years$4,441$3,066$2,067$1,367$890$144
34 years$4,264$2,905$1,931$1,257$806$121
35 years$4,096$2,756$1,805$1,157$730$103
36 years$3,939$2,616$1,689$1,066$661$87
37 years$3,790$2,484$1,581$982$599$74
38 years$3,650$2,361$1,480$905$543$62
39 years$3,517$2,245$1,387$835$493$53
40 years$3,391$2,136$1,300$770$447$45
41 years$3,271$2,033$1,219$710$405$38
42 years$3,157$1,936$1,143$656$368$32
43 years$3,049$1,845$1,073$605$334$27
44 years$2,947$1,759$1,007$559$303$23
45 years$2,849$1,677$946$516$275$19
46 years$2,755$1,600$888$477$250$16
47 years$2,666$1,527$834$440$227$14
48 years$2,581$1,457$784$407$206$12
49 years$2,499$1,392$737$376$187$10
50 years$2,421$1,330$693$348$170$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,480,000, adding $2,980 every year, while hoping to spend $24,048 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: 53/34/13 Blend
50$2,480,000$2,480,000$2,480,000$2,480,000
51$2,736,034$2,604,594$2,566,154$2,871,507
52$2,989,522$2,706,632$2,626,533$3,066,217
53$3,268,061$2,812,864$2,688,129$3,275,125
54$3,574,179$2,923,470$2,750,957$3,501,869
55$3,910,663$3,038,639$2,815,032$3,748,145
56$4,280,585$3,158,565$2,880,370$4,015,819
57$4,687,325$3,283,456$2,946,983$4,306,942
58$5,134,612$3,413,526$3,014,887$4,623,769
59$5,626,552$3,548,998$3,084,095$4,968,780
60$6,167,668$3,690,106$3,154,620$5,344,702
61$6,762,945$3,837,096$3,226,474$5,754,537
62$7,417,875$3,990,223$3,299,671$6,201,584
63$8,138,508$4,149,754$3,374,220$6,689,474
64$8,931,513$4,315,969$3,450,133$7,222,202
65$9,804,234$4,489,159$3,527,419$7,804,166
66$10,764,767$4,669,628$3,606,089$8,440,201
67$11,822,030$4,857,697$3,686,150$9,135,632
68$12,985,850$5,053,697$3,767,609$9,896,320
69$14,267,056$5,257,978$3,850,473$10,728,712
70$15,677,580$5,470,903$3,934,748$11,639,910
71$17,230,569$5,692,852$4,020,438$12,637,727
72$18,940,509$5,924,224$4,107,545$13,730,769
73$20,823,365$6,165,435$4,196,071$14,928,506
74$22,896,726$6,416,919$4,286,017$16,241,369
75$25,179,975$6,679,132$4,377,382$17,680,839
76$27,694,471$6,952,548$4,470,163$19,259,561
77$30,463,749$7,237,664$4,564,355$20,991,458
78$33,513,743$7,535,001$4,659,953$22,891,861
79$36,873,031$7,845,103$4,756,948$24,977,655
80$40,573,105$8,168,538$4,855,330$27,267,434
81$44,648,665$8,505,900$4,955,087$29,781,676
82$49,137,952$8,857,811$5,056,205$32,542,936
83$54,083,102$9,224,923$5,158,667$35,576,054
84$59,530,549$9,607,915$5,262,453$38,908,390
85$65,531,461$10,007,499$5,367,541$42,570,081
86$72,142,224$10,424,420$5,473,908$46,594,321
87$79,424,970$10,859,456$5,581,523$51,017,675
88$87,448,171$11,313,423$5,690,358$55,880,419
89$96,287,276$11,787,173$5,800,377$61,226,921
90$106,025,431$12,281,597$5,911,542$67,106,055
91$116,754,258$12,797,629$6,023,812$73,571,662
92$128,574,724$13,336,244$6,137,142$80,683,056
93$141,598,091$13,898,465$6,251,481$88,505,577
94$155,946,967$14,485,361$6,366,776$97,111,210
95$171,756,464$15,098,049$6,482,969$106,579,259
96$189,175,470$15,737,700$6,599,995$116,997,095
97$208,368,060$16,405,540$6,717,788$128,460,973
98$229,515,040$17,102,850$6,836,272$141,076,944
99$252,815,656$17,830,971$6,955,368$154,961,846
100$278,489,472$18,591,307$7,074,992$170,244,409