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%12.6%
1 years$204,796$202,972$201,192$199,455$197,759$195,612
2 years$101,384$99,496$97,666$95,892$94,171$92,009
3 years$66,918$65,022$63,196$61,439$59,746$57,637
4 years$49,688$47,798$45,991$44,263$42,611$40,571
5 years$39,353$37,474$35,691$33,998$32,392$30,426
6 years$32,465$30,600$28,843$27,189$25,631$23,742
7 years$27,548$25,698$23,969$22,353$20,845$19,034
8 years$23,861$22,028$20,328$18,752$17,293$15,559
9 years$20,995$19,179$17,508$15,972$14,563$12,906
10 years$18,703$16,906$15,264$13,768$12,408$10,828
11 years$16,830$15,050$13,438$11,983$10,672$9,166
12 years$15,270$13,508$11,926$10,510$9,248$7,815
13 years$13,950$12,207$10,655$9,279$8,064$6,702
14 years$12,821$11,096$9,574$8,237$7,069$5,777
15 years$11,842$10,137$8,644$7,346$6,224$4,999
16 years$10,987$9,300$7,837$6,577$5,501$4,341
17 years$10,234$8,565$7,131$5,910$4,878$3,781
18 years$9,564$7,915$6,510$5,326$4,337$3,301
19 years$8,966$7,335$5,959$4,812$3,866$2,888
20 years$8,429$6,816$5,469$4,359$3,453$2,532
21 years$7,943$6,349$5,031$3,956$3,090$2,223
22 years$7,502$5,927$4,637$3,597$2,770$1,955
23 years$7,100$5,543$4,281$3,275$2,486$1,721
24 years$6,732$5,193$3,959$2,987$2,235$1,516
25 years$6,394$4,874$3,667$2,728$2,011$1,337
26 years$6,082$4,581$3,401$2,495$1,811$1,181
27 years$5,794$4,311$3,158$2,283$1,633$1,043
28 years$5,527$4,062$2,936$2,092$1,474$922
29 years$5,279$3,832$2,732$1,918$1,331$815
30 years$5,048$3,619$2,545$1,761$1,202$721
31 years$4,832$3,421$2,373$1,617$1,087$639
32 years$4,631$3,237$2,214$1,486$983$565
33 years$4,441$3,066$2,067$1,367$890$501
34 years$4,264$2,905$1,931$1,257$806$444
35 years$4,096$2,756$1,805$1,157$730$393
36 years$3,939$2,616$1,689$1,066$661$349
37 years$3,790$2,484$1,581$982$599$309
38 years$3,650$2,361$1,480$905$543$274
39 years$3,517$2,245$1,387$835$493$243
40 years$3,391$2,136$1,300$770$447$216
41 years$3,271$2,033$1,219$710$405$191
42 years$3,157$1,936$1,143$656$368$170
43 years$3,049$1,845$1,073$605$334$151
44 years$2,947$1,759$1,007$559$303$134
45 years$2,849$1,677$946$516$275$119
46 years$2,755$1,600$888$477$250$105
47 years$2,666$1,527$834$440$227$94
48 years$2,581$1,457$784$407$206$83
49 years$2,499$1,392$737$376$187$74
50 years$2,421$1,330$693$348$170$65

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 $3,693 every year, while hoping to spend $22,418 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: 36/44/20 Blend
50$2,480,000$2,480,000$2,480,000$2,480,000
51$2,736,769$2,605,329$2,566,889$2,818,575
52$2,992,067$2,709,138$2,629,028$2,982,413
53$3,272,654$2,817,282$2,692,496$3,156,810
54$3,581,086$2,929,950$2,757,316$3,344,622
55$3,920,178$3,047,339$2,823,507$3,547,063
56$4,293,033$3,169,655$2,891,092$3,765,462
57$4,703,069$3,297,115$2,960,090$4,001,278
58$5,154,051$3,429,942$3,030,522$4,256,115
59$5,650,129$3,568,374$3,102,408$4,531,731
60$6,195,872$3,712,654$3,175,769$4,830,057
61$6,796,319$3,863,042$3,250,625$5,153,214
62$7,457,017$4,019,805$3,326,995$5,503,533
63$8,184,083$4,183,225$3,404,899$5,883,572
64$8,984,252$4,353,596$3,484,356$6,296,143
65$9,864,948$4,531,225$3,565,385$6,744,339
66$10,834,351$4,716,433$3,648,004$7,231,556
67$11,901,473$4,909,557$3,732,230$7,761,528
68$13,076,246$5,110,947$3,818,082$8,338,360
69$14,369,611$5,320,971$3,905,575$8,966,568
70$15,793,626$5,540,014$3,994,727$9,651,115
71$17,361,577$5,768,476$4,085,552$10,397,460
72$19,088,105$6,006,779$4,178,065$11,211,610
73$20,989,342$6,255,361$4,272,281$12,100,170
74$23,083,064$6,514,683$4,368,211$13,070,406
75$25,388,860$6,785,225$4,465,869$14,130,315
76$27,928,312$7,067,490$4,565,265$15,288,694
77$30,725,208$7,362,005$4,666,409$16,555,224
78$33,805,755$7,669,319$4,769,309$17,940,558
79$37,198,836$7,990,009$4,873,974$19,456,422
80$40,936,274$8,324,677$4,980,410$21,115,721
81$45,053,141$8,673,953$5,088,621$22,932,660
82$49,588,081$9,038,497$5,198,609$24,922,875
83$54,583,680$9,418,998$5,310,378$27,103,579
84$60,086,865$9,816,178$5,423,925$29,493,723
85$66,149,348$10,230,794$5,539,249$32,114,171
86$72,828,114$10,663,634$5,656,346$34,987,892
87$80,185,956$11,115,527$5,775,208$38,140,180
88$88,292,074$11,587,339$5,895,828$41,598,885
89$97,222,721$12,079,974$6,018,194$45,394,674
90$107,061,927$12,594,381$6,142,292$49,561,319
91$117,902,291$13,131,552$6,268,105$54,136,009
92$129,845,853$13,692,527$6,395,615$59,159,702
93$143,005,060$14,278,391$6,524,799$64,677,506
94$157,503,827$14,890,283$6,655,631$70,739,098
95$173,478,704$15,529,394$6,788,081$77,399,196
96$191,080,168$16,196,970$6,922,117$84,718,066
97$210,474,039$16,894,316$7,057,703$92,762,086
98$231,843,052$17,622,798$7,194,797$101,604,374
99$255,388,575$18,383,847$7,333,354$111,325,467
100$281,332,514$19,178,960$7,473,325$122,014,080