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%19.9%
1 years$207,273$205,427$203,626$201,868$200,151$192,210
2 years$102,611$100,700$98,848$97,052$95,310$87,408
3 years$67,728$65,808$63,961$62,182$60,469$52,854
4 years$50,289$48,376$46,547$44,799$43,127$35,858
5 years$39,829$37,927$36,122$34,410$32,784$25,880
6 years$32,858$30,971$29,192$27,518$25,941$19,405
7 years$27,881$26,009$24,259$22,624$21,097$14,928
8 years$24,149$22,295$20,574$18,979$17,502$11,693
9 years$21,249$19,411$17,720$16,166$14,739$9,281
10 years$18,930$17,110$15,449$13,935$12,559$7,441
11 years$17,033$15,232$13,601$12,127$10,801$6,012
12 years$15,454$13,672$12,070$10,637$9,360$4,887
13 years$14,119$12,355$10,784$9,391$8,162$3,991
14 years$12,976$11,230$9,690$8,337$7,155$3,272
15 years$11,986$10,259$8,748$7,435$6,300$2,691
16 years$11,120$9,413$7,932$6,657$5,568$2,218
17 years$10,357$8,669$7,217$5,981$4,937$1,832
18 years$9,680$8,010$6,589$5,390$4,389$1,516
19 years$9,075$7,424$6,032$4,871$3,912$1,256
20 years$8,531$6,899$5,535$4,411$3,495$1,042
21 years$8,039$6,426$5,092$4,003$3,127$865
22 years$7,593$5,998$4,693$3,640$2,803$719
23 years$7,186$5,610$4,333$3,315$2,516$598
24 years$6,813$5,256$4,007$3,024$2,262$497
25 years$6,471$4,933$3,711$2,761$2,035$414
26 years$6,156$4,636$3,442$2,525$1,833$345
27 years$5,864$4,363$3,196$2,311$1,653$287
28 years$5,594$4,111$2,971$2,117$1,491$239
29 years$5,343$3,878$2,765$1,942$1,347$199
30 years$5,109$3,663$2,576$1,782$1,217$166
31 years$4,891$3,463$2,401$1,637$1,100$138
32 years$4,687$3,276$2,240$1,504$995$115
33 years$4,495$3,103$2,092$1,383$901$96
34 years$4,315$2,941$1,954$1,273$815$80
35 years$4,146$2,789$1,827$1,171$738$67
36 years$3,986$2,647$1,709$1,079$669$56
37 years$3,836$2,514$1,600$994$606$46
38 years$3,694$2,390$1,498$916$550$39
39 years$3,559$2,272$1,404$845$499$32
40 years$3,432$2,162$1,316$779$452$27
41 years$3,311$2,058$1,234$719$410$22
42 years$3,196$1,960$1,157$664$372$19
43 years$3,086$1,867$1,086$612$338$16
44 years$2,982$1,780$1,019$566$307$13
45 years$2,883$1,697$957$522$278$11
46 years$2,789$1,619$899$482$253$9
47 years$2,698$1,545$845$446$230$8
48 years$2,612$1,475$794$412$208$6
49 years$2,530$1,409$746$381$189$5
50 years$2,451$1,346$701$352$172$4

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 $5,470 every year, while hoping to spend $26,941 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: 46/26/28 Blend
50$2,510,000$2,510,000$2,510,000$2,510,000
51$2,771,662$2,638,632$2,599,727$2,876,591
52$3,025,707$2,739,260$2,658,153$3,052,093
53$3,304,761$2,843,916$2,717,633$3,239,369
54$3,611,347$2,952,769$2,778,175$3,442,056
55$3,948,245$3,065,994$2,839,783$3,661,612
56$4,318,514$3,183,777$2,902,465$3,899,640
57$4,725,530$3,306,309$2,966,224$4,157,905
58$5,173,006$3,433,790$3,031,065$4,438,346
59$5,665,037$3,566,430$3,096,991$4,743,095
60$6,206,134$3,704,448$3,164,003$5,074,500
61$6,801,265$3,848,072$3,232,102$5,435,142
62$7,455,906$3,997,539$3,301,290$5,827,863
63$8,176,089$4,153,099$3,371,563$6,255,786
64$8,968,461$4,315,012$3,442,921$6,722,352
65$9,840,344$4,483,548$3,515,360$7,231,347
66$10,799,809$4,658,991$3,588,873$7,786,935
67$11,855,744$4,841,637$3,663,456$8,393,704
68$13,017,948$5,031,794$3,739,099$9,056,701
69$14,297,213$5,229,787$3,815,793$9,781,482
70$15,705,433$5,435,951$3,893,527$10,574,167
71$17,255,714$5,650,639$3,972,287$11,441,489
72$18,962,495$5,874,219$4,052,057$12,390,867
73$20,841,690$6,107,076$4,132,821$13,430,465
74$22,910,830$6,349,610$4,214,558$14,569,275
75$25,189,236$6,602,243$4,297,248$15,817,199
76$27,698,197$6,865,411$4,380,864$17,185,143
77$30,461,171$7,139,575$4,465,381$18,685,114
78$33,504,008$7,425,211$4,550,769$20,330,338
79$36,855,192$7,722,822$4,636,995$22,135,382
80$40,546,110$8,032,929$4,724,023$24,116,289
81$44,611,351$8,356,080$4,811,815$26,290,731
82$49,089,026$8,692,845$4,900,329$28,678,171
83$54,021,135$9,043,823$4,989,518$31,300,049
84$59,453,957$9,409,636$5,079,333$34,179,981
85$65,438,492$9,790,939$5,169,721$37,343,982
86$72,030,935$10,188,413$5,260,625$40,820,710
87$79,293,217$10,602,771$5,351,981$44,641,733
88$87,293,577$11,034,759$5,443,725$48,841,830
89$96,107,217$11,485,157$5,535,784$53,459,312
90$105,817,003$11,954,780$5,628,083$58,536,387
91$116,514,253$12,444,479$5,720,540$64,119,556
92$128,299,596$12,955,148$5,813,067$70,260,046
93$141,283,921$13,487,717$5,905,572$77,014,298
94$155,589,428$14,043,162$5,997,955$84,444,494
95$171,350,775$14,622,502$6,090,112$92,619,142
96$188,716,352$15,226,803$6,181,929$101,613,725
97$207,849,685$15,857,181$6,273,288$111,511,404
98$228,930,971$16,514,801$6,364,062$122,403,809
99$252,158,788$17,200,885$6,454,116$134,391,896
100$277,751,964$17,916,707$6,543,308$147,586,900