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%17.1%
1 years$204,796$202,972$201,192$199,455$197,759$192,044
2 years$101,384$99,496$97,666$95,892$94,171$88,459
3 years$66,918$65,022$63,196$61,439$59,746$54,215
4 years$49,688$47,798$45,991$44,263$42,611$37,305
5 years$39,353$37,474$35,691$33,998$32,392$27,325
6 years$32,465$30,600$28,843$27,189$25,631$20,806
7 years$27,548$25,698$23,969$22,353$20,845$16,263
8 years$23,861$22,028$20,328$18,752$17,293$12,952
9 years$20,995$19,179$17,508$15,972$14,563$10,458
10 years$18,703$16,906$15,264$13,768$12,408$8,534
11 years$16,830$15,050$13,438$11,983$10,672$7,021
12 years$15,270$13,508$11,926$10,510$9,248$5,814
13 years$13,950$12,207$10,655$9,279$8,064$4,840
14 years$12,821$11,096$9,574$8,237$7,069$4,046
15 years$11,842$10,137$8,644$7,346$6,224$3,394
16 years$10,987$9,300$7,837$6,577$5,501$2,856
17 years$10,234$8,565$7,131$5,910$4,878$2,408
18 years$9,564$7,915$6,510$5,326$4,337$2,035
19 years$8,966$7,335$5,959$4,812$3,866$1,722
20 years$8,429$6,816$5,469$4,359$3,453$1,459
21 years$7,943$6,349$5,031$3,956$3,090$1,238
22 years$7,502$5,927$4,637$3,597$2,770$1,052
23 years$7,100$5,543$4,281$3,275$2,486$894
24 years$6,732$5,193$3,959$2,987$2,235$760
25 years$6,394$4,874$3,667$2,728$2,011$647
26 years$6,082$4,581$3,401$2,495$1,811$551
27 years$5,794$4,311$3,158$2,283$1,633$469
28 years$5,527$4,062$2,936$2,092$1,474$400
29 years$5,279$3,832$2,732$1,918$1,331$341
30 years$5,048$3,619$2,545$1,761$1,202$291
31 years$4,832$3,421$2,373$1,617$1,087$248
32 years$4,631$3,237$2,214$1,486$983$212
33 years$4,441$3,066$2,067$1,367$890$180
34 years$4,264$2,905$1,931$1,257$806$154
35 years$4,096$2,756$1,805$1,157$730$131
36 years$3,939$2,616$1,689$1,066$661$112
37 years$3,790$2,484$1,581$982$599$96
38 years$3,650$2,361$1,480$905$543$82
39 years$3,517$2,245$1,387$835$493$70
40 years$3,391$2,136$1,300$770$447$60
41 years$3,271$2,033$1,219$710$405$51
42 years$3,157$1,936$1,143$656$368$43
43 years$3,049$1,845$1,073$605$334$37
44 years$2,947$1,759$1,007$559$303$32
45 years$2,849$1,677$946$516$275$27
46 years$2,755$1,600$888$477$250$23
47 years$2,666$1,527$834$440$227$20
48 years$2,581$1,457$784$407$206$17
49 years$2,499$1,392$737$376$187$14
50 years$2,421$1,330$693$348$170$12

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 $2,859 every year, while hoping to spend $34,642 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: 38/38/24 Blend
50$2,480,000$2,480,000$2,480,000$2,480,000
51$2,735,909$2,604,469$2,566,029$2,820,168
52$2,978,113$2,695,229$2,615,132$2,972,556
53$3,243,861$2,789,276$2,664,719$3,133,704
54$3,535,517$2,886,733$2,714,770$3,307,180
55$3,855,687$2,987,730$2,765,262$3,494,118
56$4,207,240$3,092,401$2,816,171$3,695,770
57$4,593,337$3,200,887$2,867,471$3,913,507
58$5,017,460$3,313,334$2,919,134$4,148,839
59$5,483,445$3,429,891$2,971,129$4,403,425
60$5,995,518$3,550,717$3,023,424$4,679,090
61$6,558,334$3,675,976$3,075,982$4,977,840
62$7,177,023$3,805,838$3,128,766$5,301,880
63$7,857,235$3,940,479$3,181,735$5,653,639
64$8,605,195$4,080,085$3,234,846$6,035,784
65$9,427,763$4,224,847$3,288,051$6,451,255
66$10,332,495$4,374,965$3,341,301$6,903,282
67$11,327,717$4,530,646$3,394,542$7,395,423
68$12,422,603$4,692,106$3,447,718$7,931,589
69$13,627,261$4,859,572$3,500,769$8,516,090
70$14,952,826$5,033,276$3,553,630$9,153,666
71$16,411,570$5,213,462$3,606,232$9,849,536
72$18,017,013$5,400,384$3,658,504$10,609,445
73$19,784,052$5,594,307$3,710,368$11,439,717
74$21,729,103$5,795,505$3,761,742$12,347,316
75$23,870,251$6,004,265$3,812,540$13,339,910
76$26,227,427$6,220,884$3,862,671$14,425,939
77$28,822,591$6,445,674$3,912,037$15,614,700
78$31,679,941$6,678,958$3,960,535$16,916,430
79$34,826,140$6,921,071$4,008,058$18,342,401
80$38,290,569$7,172,366$4,054,490$19,905,029
81$42,105,602$7,433,208$4,099,712$21,617,987
82$46,306,915$7,703,977$4,143,593$23,496,334
83$50,933,818$7,985,069$4,186,001$25,556,656
84$56,029,629$8,276,899$4,226,793$27,817,224
85$61,642,079$8,579,895$4,265,820$30,298,159
86$67,823,769$8,894,508$4,302,922$33,021,629
87$74,632,659$9,221,204$4,337,935$36,012,049
88$82,132,617$9,560,470$4,370,683$39,296,318
89$90,394,025$9,912,814$4,400,982$42,904,064
90$99,494,439$10,278,765$4,428,638$46,867,928
91$109,519,322$10,658,875$4,453,448$51,223,868
92$120,562,851$11,053,718$4,475,197$56,011,498
93$132,728,806$11,463,895$4,493,660$61,274,460
94$146,131,548$11,890,029$4,508,601$67,060,834
95$160,897,098$12,332,772$4,519,771$73,423,592
96$177,164,328$12,792,804$4,526,910$80,421,094
97$195,086,271$13,270,833$4,529,743$88,117,639
98$214,831,564$13,767,597$4,527,983$96,584,069
99$236,586,042$14,283,868$4,521,329$105,898,435
100$260,554,489$14,820,448$4,509,464$116,146,737