Can I retire at age 51 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$205,622$203,790$202,003$200,259$198,556$194,468
2 years$101,793$99,897$98,060$96,278$94,551$90,450
3 years$67,188$65,284$63,451$61,687$59,987$56,002
4 years$49,889$47,991$46,176$44,442$42,783$38,945
5 years$39,512$37,625$35,835$34,135$32,523$28,843
6 years$32,596$30,724$28,960$27,298$25,734$22,215
7 years$27,659$25,802$24,066$22,444$20,929$17,572
8 years$23,957$22,117$20,410$18,827$17,363$14,167
9 years$21,079$19,257$17,579$16,037$14,622$11,585
10 years$18,779$16,974$15,326$13,824$12,458$9,578
11 years$16,898$15,111$13,492$12,031$10,715$7,987
12 years$15,331$13,563$11,974$10,553$9,285$6,705
13 years$14,007$12,257$10,698$9,316$8,097$5,661
14 years$12,872$11,141$9,612$8,270$7,098$4,801
15 years$11,890$10,178$8,679$7,375$6,249$4,087
16 years$11,032$9,338$7,868$6,604$5,523$3,490
17 years$10,275$8,600$7,160$5,934$4,897$2,988
18 years$9,603$7,946$6,536$5,347$4,354$2,564
19 years$9,002$7,365$5,984$4,832$3,881$2,205
20 years$8,463$6,844$5,491$4,376$3,467$1,898
21 years$7,975$6,375$5,051$3,972$3,102$1,637
22 years$7,532$5,950$4,655$3,611$2,781$1,413
23 years$7,129$5,565$4,298$3,289$2,496$1,221
24 years$6,759$5,214$3,975$2,999$2,244$1,056
25 years$6,420$4,893$3,682$2,739$2,019$914
26 years$6,107$4,599$3,415$2,505$1,819$791
27 years$5,818$4,328$3,171$2,293$1,640$686
28 years$5,550$4,078$2,948$2,100$1,479$595
29 years$5,301$3,848$2,743$1,926$1,336$516
30 years$5,069$3,634$2,555$1,768$1,207$447
31 years$4,852$3,435$2,382$1,624$1,091$388
32 years$4,649$3,250$2,223$1,492$987$337
33 years$4,459$3,078$2,075$1,372$893$293
34 years$4,281$2,917$1,939$1,262$809$254
35 years$4,113$2,767$1,813$1,162$733$221
36 years$3,955$2,626$1,696$1,070$664$192
37 years$3,805$2,494$1,587$986$602$167
38 years$3,664$2,370$1,486$909$545$145
39 years$3,531$2,254$1,393$838$495$126
40 years$3,404$2,145$1,305$773$449$109
41 years$3,284$2,041$1,224$713$407$95
42 years$3,170$1,944$1,148$658$369$83
43 years$3,062$1,852$1,077$608$335$72
44 years$2,958$1,766$1,011$561$304$62
45 years$2,860$1,684$950$518$276$54
46 years$2,766$1,606$892$479$251$47
47 years$2,677$1,533$838$442$228$41
48 years$2,591$1,463$787$409$207$36
49 years$2,509$1,397$740$378$188$31
50 years$2,431$1,335$696$349$171$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,490,000, adding $3,772 every year, while hoping to spend $23,533 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: 39/40/21 Blend
50$2,490,000$2,490,000$2,490,000$2,490,000
51$2,747,871$2,615,901$2,577,306$2,837,719
52$3,003,115$2,719,041$2,638,607$3,005,921
53$3,283,605$2,826,446$2,701,172$3,185,169
54$3,591,891$2,938,301$2,765,020$3,378,510
55$3,930,784$3,054,797$2,830,168$3,587,236
56$4,303,378$3,176,136$2,896,633$3,812,766
57$4,713,083$3,302,528$2,964,431$4,056,657
58$5,163,658$3,434,192$3,033,579$4,320,620
59$5,659,241$3,571,357$3,104,094$4,606,533
60$6,204,393$3,714,264$3,175,991$4,916,462
61$6,804,140$3,863,162$3,249,286$5,252,674
62$7,464,019$4,018,313$3,323,994$5,617,661
63$8,190,130$4,179,992$3,400,129$6,014,165
64$8,989,195$4,348,483$3,477,705$6,445,196
65$9,868,620$4,524,086$3,556,735$6,914,067
66$10,836,566$4,707,113$3,637,232$7,424,418
67$11,902,025$4,897,891$3,719,209$7,980,254
68$13,074,905$5,096,761$3,802,676$8,585,979
69$14,366,124$5,304,080$3,887,643$9,246,437
70$15,787,710$5,520,221$3,974,121$9,966,956
71$17,352,919$5,745,575$4,062,117$10,753,400
72$19,076,358$5,980,550$4,151,639$11,612,219
73$20,974,122$6,225,571$4,242,694$12,550,510
74$23,063,944$6,481,086$4,335,286$13,576,085
75$25,365,368$6,747,561$4,429,420$14,697,537
76$27,899,927$7,025,484$4,525,097$15,924,329
77$30,691,351$7,315,364$4,622,320$17,266,872
78$33,765,788$7,617,736$4,721,086$18,736,628
79$37,152,051$7,933,157$4,821,395$20,346,215
80$40,881,891$8,262,212$4,923,242$22,109,522
81$44,990,294$8,605,511$5,026,621$24,041,842
82$49,515,816$8,963,693$5,131,525$26,160,010
83$54,500,941$9,337,426$5,237,943$28,482,565
84$59,992,486$9,727,409$5,345,863$31,029,917
85$66,042,041$10,134,373$5,455,271$33,824,544
86$72,706,455$10,559,084$5,566,149$36,891,195
87$80,048,376$11,002,341$5,678,477$40,257,126
88$88,136,838$11,464,983$5,792,233$43,952,353
89$97,047,913$11,947,885$5,907,391$48,009,934
90$106,865,434$12,451,965$6,023,922$52,466,276
91$117,681,778$12,978,181$6,141,794$57,361,478
92$129,598,746$13,527,539$6,260,970$62,739,704
93$142,728,517$14,101,088$6,381,412$68,649,599
94$157,194,713$14,699,927$6,503,076$75,144,746
95$173,133,558$15,325,209$6,625,914$82,284,164
96$190,695,173$15,978,136$6,749,874$90,132,865
97$210,044,985$16,659,969$6,874,899$98,762,465
98$231,365,294$17,372,028$7,000,928$108,251,851
99$254,856,989$18,115,692$7,127,895$118,687,928
100$280,741,449$18,892,408$7,255,726$130,166,430