Can I retire at age 51 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$207,273$205,427$203,626$201,868$200,151$195,154
2 years$102,611$100,700$98,848$97,052$95,310$90,307
3 years$67,728$65,808$63,961$62,182$60,469$55,617
4 years$50,289$48,376$46,547$44,799$43,127$38,463
5 years$39,829$37,927$36,122$34,410$32,784$28,321
6 years$32,858$30,971$29,192$27,518$25,941$21,683
7 years$27,881$26,009$24,259$22,624$21,097$17,045
8 years$24,149$22,295$20,574$18,979$17,502$13,654
9 years$21,249$19,411$17,720$16,166$14,739$11,092
10 years$18,930$17,110$15,449$13,935$12,559$9,108
11 years$17,033$15,232$13,601$12,127$10,801$7,542
12 years$15,454$13,672$12,070$10,637$9,360$6,287
13 years$14,119$12,355$10,784$9,391$8,162$5,269
14 years$12,976$11,230$9,690$8,337$7,155$4,435
15 years$11,986$10,259$8,748$7,435$6,300$3,747
16 years$11,120$9,413$7,932$6,657$5,568$3,175
17 years$10,357$8,669$7,217$5,981$4,937$2,697
18 years$9,680$8,010$6,589$5,390$4,389$2,295
19 years$9,075$7,424$6,032$4,871$3,912$1,957
20 years$8,531$6,899$5,535$4,411$3,495$1,671
21 years$8,039$6,426$5,092$4,003$3,127$1,429
22 years$7,593$5,998$4,693$3,640$2,803$1,223
23 years$7,186$5,610$4,333$3,315$2,516$1,048
24 years$6,813$5,256$4,007$3,024$2,262$898
25 years$6,471$4,933$3,711$2,761$2,035$771
26 years$6,156$4,636$3,442$2,525$1,833$662
27 years$5,864$4,363$3,196$2,311$1,653$568
28 years$5,594$4,111$2,971$2,117$1,491$488
29 years$5,343$3,878$2,765$1,942$1,347$420
30 years$5,109$3,663$2,576$1,782$1,217$361
31 years$4,891$3,463$2,401$1,637$1,100$310
32 years$4,687$3,276$2,240$1,504$995$267
33 years$4,495$3,103$2,092$1,383$901$230
34 years$4,315$2,941$1,954$1,273$815$198
35 years$4,146$2,789$1,827$1,171$738$170
36 years$3,986$2,647$1,709$1,079$669$146
37 years$3,836$2,514$1,600$994$606$126
38 years$3,694$2,390$1,498$916$550$108
39 years$3,559$2,272$1,404$845$499$93
40 years$3,432$2,162$1,316$779$452$80
41 years$3,311$2,058$1,234$719$410$69
42 years$3,196$1,960$1,157$664$372$60
43 years$3,086$1,867$1,086$612$338$51
44 years$2,982$1,780$1,019$566$307$44
45 years$2,883$1,697$957$522$278$38
46 years$2,789$1,619$899$482$253$33
47 years$2,698$1,545$845$446$230$28
48 years$2,612$1,475$794$412$208$24
49 years$2,530$1,409$746$381$189$21
50 years$2,451$1,346$701$352$172$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,510,000, adding $4,314 every year, while hoping to spend $58,833 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: 70/11/19 Blend
50$2,510,000$2,510,000$2,510,000$2,510,000
51$2,770,470$2,637,440$2,598,535$2,951,366
52$2,990,460$2,704,077$2,622,988$3,139,133
53$3,230,917$2,772,007$2,646,288$3,337,199
54$3,493,867$2,841,231$2,668,335$3,552,525
55$3,781,540$2,911,750$2,689,023$3,786,810
56$4,096,391$2,983,560$2,708,239$4,041,925
57$4,441,125$3,056,656$2,725,867$4,319,935
58$4,818,719$3,131,032$2,741,783$4,623,110
59$5,232,453$3,206,677$2,755,857$4,953,954
60$5,685,937$3,283,578$2,767,953$5,315,225
61$6,183,150$3,361,721$2,777,927$5,709,960
62$6,728,472$3,441,086$2,785,628$6,141,508
63$7,326,728$3,521,651$2,790,898$6,613,558
64$7,983,232$3,603,390$2,793,571$7,130,173
65$8,703,839$3,686,273$2,793,473$7,695,831
66$9,494,997$3,770,267$2,790,421$8,315,469
67$10,363,809$3,855,332$2,784,222$8,994,522
68$11,318,100$3,941,426$2,774,676$9,738,983
69$12,366,490$4,028,499$2,761,571$10,555,454
70$13,518,475$4,116,499$2,744,687$11,451,212
71$14,784,517$4,205,364$2,723,791$12,434,274
72$16,176,140$4,295,029$2,698,640$13,513,475
73$17,706,042$4,385,422$2,668,981$14,698,553
74$19,388,212$4,476,461$2,634,545$16,000,236
75$21,238,062$4,568,061$2,595,055$17,430,351
76$23,272,573$4,660,124$2,550,218$19,001,926
77$25,510,454$4,752,548$2,499,728$20,729,322
78$27,972,316$4,845,219$2,443,266$22,628,365
79$30,680,872$4,938,015$2,380,495$24,716,494
80$33,661,145$5,030,802$2,311,066$27,012,929
81$36,940,708$5,123,437$2,234,612$29,538,850
82$40,549,938$5,215,763$2,150,750$32,317,600
83$44,522,310$5,307,614$2,059,078$35,374,901
84$48,894,707$5,398,808$1,959,179$38,739,103
85$53,707,769$5,489,152$1,850,613$42,441,447
86$59,006,276$5,578,435$1,732,923$46,516,364
87$64,839,570$5,666,432$1,605,630$51,001,796
88$71,262,022$5,752,903$1,468,234$55,939,559
89$78,333,542$5,837,589$1,320,214$61,375,736
90$86,120,145$5,920,212$1,161,022$67,361,113
91$94,694,574$6,000,477$990,091$73,951,656
92$104,136,984$6,078,064$806,823$81,209,047
93$114,535,704$6,152,636$610,598$89,201,259
94$125,988,059$6,223,830$400,767$98,003,203
95$138,601,302$6,291,257$176,653$107,697,433
96$152,493,612$6,354,507$0$118,374,931
97$167,795,220$6,413,137$0$130,148,632
98$184,649,631$6,466,679$0$143,155,401
99$203,214,979$6,514,632$0$157,481,314
100$223,665,522$6,556,464$0$173,260,731