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

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$205,622$203,790$202,003$200,259$198,556$195,186
2 years$101,793$99,897$98,060$96,278$94,551$91,166
3 years$67,188$65,284$63,451$61,687$59,987$56,693
4 years$49,889$47,991$46,176$44,442$42,783$39,605
5 years$39,512$37,625$35,835$34,135$32,523$29,470
6 years$32,596$30,724$28,960$27,298$25,734$22,810
7 years$27,659$25,802$24,066$22,444$20,929$18,134
8 years$23,957$22,117$20,410$18,827$17,363$14,696
9 years$21,079$19,257$17,579$16,037$14,622$12,083
10 years$18,779$16,974$15,326$13,824$12,458$10,045
11 years$16,898$15,111$13,492$12,031$10,715$8,424
12 years$15,331$13,563$11,974$10,553$9,285$7,114
13 years$14,007$12,257$10,698$9,316$8,097$6,041
14 years$12,872$11,141$9,612$8,270$7,098$5,155
15 years$11,890$10,178$8,679$7,375$6,249$4,416
16 years$11,032$9,338$7,868$6,604$5,523$3,795
17 years$10,275$8,600$7,160$5,934$4,897$3,270
18 years$9,603$7,946$6,536$5,347$4,354$2,825
19 years$9,002$7,365$5,984$4,832$3,881$2,445
20 years$8,463$6,844$5,491$4,376$3,467$2,119
21 years$7,975$6,375$5,051$3,972$3,102$1,840
22 years$7,532$5,950$4,655$3,611$2,781$1,599
23 years$7,129$5,565$4,298$3,289$2,496$1,392
24 years$6,759$5,214$3,975$2,999$2,244$1,212
25 years$6,420$4,893$3,682$2,739$2,019$1,057
26 years$6,107$4,599$3,415$2,505$1,819$922
27 years$5,818$4,328$3,171$2,293$1,640$804
28 years$5,550$4,078$2,948$2,100$1,479$702
29 years$5,301$3,848$2,743$1,926$1,336$614
30 years$5,069$3,634$2,555$1,768$1,207$536
31 years$4,852$3,435$2,382$1,624$1,091$469
32 years$4,649$3,250$2,223$1,492$987$410
33 years$4,459$3,078$2,075$1,372$893$359
34 years$4,281$2,917$1,939$1,262$809$314
35 years$4,113$2,767$1,813$1,162$733$275
36 years$3,955$2,626$1,696$1,070$664$241
37 years$3,805$2,494$1,587$986$602$211
38 years$3,664$2,370$1,486$909$545$184
39 years$3,531$2,254$1,393$838$495$161
40 years$3,404$2,145$1,305$773$449$141
41 years$3,284$2,041$1,224$713$407$124
42 years$3,170$1,944$1,148$658$369$108
43 years$3,062$1,852$1,077$608$335$95
44 years$2,958$1,766$1,011$561$304$83
45 years$2,860$1,684$950$518$276$73
46 years$2,766$1,606$892$479$251$64
47 years$2,677$1,533$838$442$228$56
48 years$2,591$1,463$787$409$207$49
49 years$2,509$1,397$740$378$188$43
50 years$2,431$1,335$696$349$171$38

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 $3,652 every year, while hoping to spend $25,748 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$2,747,747$2,615,777$2,577,182$2,837,595
52$3,000,622$2,716,554$2,636,122$3,003,424
53$3,278,426$2,821,407$2,696,173$3,179,905
54$3,583,677$2,930,507$2,757,346$3,370,210
55$3,919,145$3,044,035$2,819,651$3,575,607
56$4,287,884$3,162,179$2,883,095$3,797,489
57$4,693,257$3,285,134$2,947,687$4,037,386
58$5,138,970$3,413,107$3,013,436$4,296,979
59$5,629,107$3,546,311$3,080,348$4,578,114
60$6,168,166$3,684,970$3,148,429$4,882,819
61$6,761,102$3,829,317$3,217,685$5,213,324
62$7,413,378$3,979,597$3,288,121$5,572,078
63$8,131,008$4,136,063$3,359,739$5,961,777
64$8,920,623$4,298,982$3,432,542$6,385,380
65$9,789,527$4,468,633$3,506,533$6,846,144
66$10,745,767$4,645,304$3,581,710$7,347,651
67$11,798,212$4,829,301$3,658,074$7,893,837
68$12,956,632$5,020,939$3,735,622$8,489,036
69$14,231,793$5,220,550$3,814,350$9,138,013
70$15,635,559$5,428,479$3,894,254$9,846,010
71$17,181,001$5,645,090$3,975,326$10,618,795
72$18,882,522$5,870,758$4,057,558$11,462,716
73$20,755,994$6,105,880$4,140,941$12,384,757
74$22,818,905$6,350,867$4,225,462$13,392,606
75$25,090,525$6,606,152$4,311,107$14,494,721
76$27,592,089$6,872,184$4,397,860$15,700,416
77$30,346,997$7,149,435$4,485,702$17,019,940
78$33,381,031$7,438,398$4,574,614$18,464,578
79$36,722,604$7,739,587$4,664,571$20,046,750
80$40,403,023$8,053,541$4,755,548$21,780,133
81$44,456,789$8,380,822$4,847,516$23,679,785
82$48,921,917$8,722,018$4,940,444$25,762,283
83$53,840,301$9,077,745$5,034,297$28,045,884
84$59,258,103$9,448,646$5,129,037$30,550,688
85$65,226,192$9,835,392$5,224,623$33,298,833
86$71,800,625$10,238,688$5,321,009$36,314,694
87$79,043,173$10,659,268$5,418,147$39,625,118
88$87,021,906$11,097,901$5,515,984$43,259,672
89$95,811,834$11,555,391$5,614,463$47,250,919
90$105,495,616$12,032,581$5,713,522$51,634,723
91$116,164,339$12,530,348$5,813,096$56,450,587
92$127,918,379$13,049,612$5,913,113$61,742,022
93$140,868,348$13,591,338$6,013,496$67,556,952
94$155,136,136$14,156,530$6,114,164$73,948,170
95$170,856,064$14,746,241$6,215,031$80,973,826
96$188,176,149$15,361,574$6,316,001$88,697,977
97$207,259,506$16,003,681$6,416,977$97,191,190
98$228,285,880$16,673,766$6,517,850$106,531,197
99$251,453,351$17,373,091$6,618,509$116,803,635
100$276,980,197$18,102,977$6,718,833$128,102,843