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%18.9%
1 years$205,622$203,790$202,003$200,259$198,556$191,435
2 years$101,793$99,897$98,060$96,278$94,551$87,453
3 years$67,188$65,284$63,451$61,687$59,987$53,136
4 years$49,889$47,991$46,176$44,442$42,783$36,232
5 years$39,512$37,625$35,835$34,135$32,523$26,288
6 years$32,596$30,724$28,960$27,298$25,734$19,820
7 years$27,659$25,802$24,066$22,444$20,929$15,334
8 years$23,957$22,117$20,410$18,827$17,363$12,083
9 years$21,079$19,257$17,579$16,037$14,622$9,650
10 years$18,779$16,974$15,326$13,824$12,458$7,786
11 years$16,898$15,111$13,492$12,031$10,715$6,332
12 years$15,331$13,563$11,974$10,553$9,285$5,181
13 years$14,007$12,257$10,698$9,316$8,097$4,261
14 years$12,872$11,141$9,612$8,270$7,098$3,517
15 years$11,890$10,178$8,679$7,375$6,249$2,913
16 years$11,032$9,338$7,868$6,604$5,523$2,419
17 years$10,275$8,600$7,160$5,934$4,897$2,013
18 years$9,603$7,946$6,536$5,347$4,354$1,678
19 years$9,002$7,365$5,984$4,832$3,881$1,401
20 years$8,463$6,844$5,491$4,376$3,467$1,171
21 years$7,975$6,375$5,051$3,972$3,102$980
22 years$7,532$5,950$4,655$3,611$2,781$821
23 years$7,129$5,565$4,298$3,289$2,496$688
24 years$6,759$5,214$3,975$2,999$2,244$577
25 years$6,420$4,893$3,682$2,739$2,019$484
26 years$6,107$4,599$3,415$2,505$1,819$406
27 years$5,818$4,328$3,171$2,293$1,640$341
28 years$5,550$4,078$2,948$2,100$1,479$286
29 years$5,301$3,848$2,743$1,926$1,336$240
30 years$5,069$3,634$2,555$1,768$1,207$202
31 years$4,852$3,435$2,382$1,624$1,091$170
32 years$4,649$3,250$2,223$1,492$987$143
33 years$4,459$3,078$2,075$1,372$893$120
34 years$4,281$2,917$1,939$1,262$809$101
35 years$4,113$2,767$1,813$1,162$733$85
36 years$3,955$2,626$1,696$1,070$664$71
37 years$3,805$2,494$1,587$986$602$60
38 years$3,664$2,370$1,486$909$545$50
39 years$3,531$2,254$1,393$838$495$42
40 years$3,404$2,145$1,305$773$449$36
41 years$3,284$2,041$1,224$713$407$30
42 years$3,170$1,944$1,148$658$369$25
43 years$3,062$1,852$1,077$608$335$21
44 years$2,958$1,766$1,011$561$304$18
45 years$2,860$1,684$950$518$276$15
46 years$2,766$1,606$892$479$251$13
47 years$2,677$1,533$838$442$228$11
48 years$2,591$1,463$787$409$207$9
49 years$2,509$1,397$740$378$188$7
50 years$2,431$1,335$696$349$171$6

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 $3,140 every year, while hoping to spend $39,973 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: 80/7/13 Blend
50$2,490,000$2,490,000$2,490,000$2,490,000
51$2,747,219$2,615,249$2,576,654$2,959,883
52$2,984,904$2,700,865$2,620,441$3,185,687
53$3,245,494$2,789,337$2,664,355$3,427,939
54$3,531,282$2,880,762$2,708,358$3,692,639
55$3,844,794$2,975,241$2,752,410$3,982,015
56$4,188,815$3,072,879$2,796,467$4,298,524
57$4,566,409$3,173,785$2,840,484$4,644,870
58$4,980,953$3,278,071$2,884,411$5,024,031
59$5,436,167$3,385,853$2,928,195$5,439,289
60$5,936,148$3,497,252$2,971,782$5,894,257
61$6,485,410$3,612,393$3,015,112$6,392,917
62$7,088,926$3,731,404$3,058,122$6,939,652
63$7,752,174$3,854,420$3,100,746$7,539,295
64$8,481,188$3,981,580$3,142,914$8,197,165
65$9,282,619$4,113,026$3,184,551$8,919,126
66$10,163,790$4,248,908$3,225,577$9,711,635
67$11,132,772$4,389,381$3,265,910$10,581,809
68$12,198,457$4,534,603$3,305,460$11,537,485
69$13,370,642$4,684,740$3,344,135$12,587,301
70$14,660,120$4,839,965$3,381,836$13,740,770
71$16,078,783$5,000,454$3,418,458$15,008,378
72$17,639,734$5,166,392$3,453,892$16,401,675
73$19,357,412$5,337,970$3,488,022$17,933,386
74$21,247,723$5,515,385$3,520,726$19,617,536
75$23,328,195$5,698,844$3,551,875$21,469,573
76$25,618,141$5,888,557$3,581,333$23,506,523
77$28,138,842$6,084,747$3,608,958$25,747,142
78$30,913,745$6,287,641$3,634,599$28,212,100
79$33,968,687$6,497,476$3,658,099$30,924,171
80$37,332,139$6,714,497$3,679,290$33,908,450
81$41,035,470$6,938,960$3,697,999$37,192,588
82$45,113,247$7,171,129$3,714,042$40,807,054
83$49,603,561$7,411,277$3,727,225$44,785,423
84$54,548,382$7,659,688$3,737,345$49,164,692
85$59,993,962$7,916,656$3,744,190$53,985,627
86$65,991,262$8,182,488$3,747,536$59,293,149
87$72,596,440$8,457,501$3,747,149$65,136,761
88$79,871,381$8,742,022$3,742,782$71,571,008
89$87,884,273$9,036,392$3,734,177$78,656,000
90$96,710,260$9,340,967$3,721,063$86,457,970
91$106,432,145$9,656,112$3,703,156$95,049,907
92$117,141,170$9,982,208$3,680,159$104,512,241
93$128,937,884$10,319,651$3,651,759$114,933,601
94$141,933,085$10,668,850$3,617,629$126,411,653
95$156,248,867$11,030,232$3,577,428$139,054,023
96$172,019,776$11,404,237$3,530,796$152,979,308
97$189,394,073$11,791,325$3,477,357$168,318,201
98$208,535,139$12,191,971$3,416,720$185,214,721
99$229,623,015$12,606,668$3,348,471$203,827,573
100$252,856,099$13,035,931$3,272,181$224,331,645