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

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$207,273$205,427$203,626$201,868$200,151$194,289
2 years$102,611$100,700$98,848$97,052$95,310$89,452
3 years$67,728$65,808$63,961$62,182$60,469$54,797
4 years$50,289$48,376$46,547$44,799$43,127$37,686
5 years$39,829$37,927$36,122$34,410$32,784$27,589
6 years$32,858$30,971$29,192$27,518$25,941$20,996
7 years$27,881$26,009$24,259$22,624$21,097$16,403
8 years$24,149$22,295$20,574$18,979$17,502$13,055
9 years$21,249$19,411$17,720$16,166$14,739$10,535
10 years$18,930$17,110$15,449$13,935$12,559$8,591
11 years$17,033$15,232$13,601$12,127$10,801$7,064
12 years$15,454$13,672$12,070$10,637$9,360$5,846
13 years$14,119$12,355$10,784$9,391$8,162$4,863
14 years$12,976$11,230$9,690$8,337$7,155$4,063
15 years$11,986$10,259$8,748$7,435$6,300$3,406
16 years$11,120$9,413$7,932$6,657$5,568$2,863
17 years$10,357$8,669$7,217$5,981$4,937$2,413
18 years$9,680$8,010$6,589$5,390$4,389$2,037
19 years$9,075$7,424$6,032$4,871$3,912$1,723
20 years$8,531$6,899$5,535$4,411$3,495$1,459
21 years$8,039$6,426$5,092$4,003$3,127$1,237
22 years$7,593$5,998$4,693$3,640$2,803$1,050
23 years$7,186$5,610$4,333$3,315$2,516$891
24 years$6,813$5,256$4,007$3,024$2,262$758
25 years$6,471$4,933$3,711$2,761$2,035$644
26 years$6,156$4,636$3,442$2,525$1,833$548
27 years$5,864$4,363$3,196$2,311$1,653$467
28 years$5,594$4,111$2,971$2,117$1,491$397
29 years$5,343$3,878$2,765$1,942$1,347$338
30 years$5,109$3,663$2,576$1,782$1,217$288
31 years$4,891$3,463$2,401$1,637$1,100$246
32 years$4,687$3,276$2,240$1,504$995$209
33 years$4,495$3,103$2,092$1,383$901$179
34 years$4,315$2,941$1,954$1,273$815$152
35 years$4,146$2,789$1,827$1,171$738$130
36 years$3,986$2,647$1,709$1,079$669$111
37 years$3,836$2,514$1,600$994$606$94
38 years$3,694$2,390$1,498$916$550$80
39 years$3,559$2,272$1,404$845$499$69
40 years$3,432$2,162$1,316$779$452$59
41 years$3,311$2,058$1,234$719$410$50
42 years$3,196$1,960$1,157$664$372$43
43 years$3,086$1,867$1,086$612$338$36
44 years$2,982$1,780$1,019$566$307$31
45 years$2,883$1,697$957$522$278$26
46 years$2,789$1,619$899$482$253$23
47 years$2,698$1,545$845$446$230$19
48 years$2,612$1,475$794$412$208$16
49 years$2,530$1,409$746$381$189$14
50 years$2,451$1,346$701$352$172$12

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 $5,896 every year, while hoping to spend $38,569 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: 79/12/9 Blend
50$2,510,000$2,510,000$2,510,000$2,510,000
51$2,772,102$2,639,072$2,600,167$2,986,853
52$3,013,819$2,727,349$2,646,235$3,216,901
53$3,278,899$2,818,659$2,692,554$3,463,592
54$3,569,683$2,913,111$2,739,092$3,733,081
55$3,888,752$3,010,814$2,785,813$4,027,624
56$4,238,948$3,111,887$2,832,680$4,349,706
57$4,623,400$3,216,449$2,879,654$4,702,065
58$5,045,556$3,324,625$2,926,692$5,087,713
59$5,509,216$3,436,544$2,973,749$5,509,971
60$6,018,563$3,552,341$3,020,777$5,972,492
61$6,578,206$3,672,156$3,067,723$6,479,304
62$7,193,224$3,796,133$3,114,533$7,034,839
63$7,869,211$3,924,422$3,161,148$7,643,983
64$8,612,331$4,057,179$3,207,506$8,312,114
65$9,429,373$4,194,565$3,253,542$9,045,159
66$10,327,820$4,336,749$3,299,186$9,849,645
67$11,315,912$4,483,904$3,344,364$10,732,763
68$12,402,731$4,636,211$3,388,996$11,702,434
69$13,598,282$4,793,859$3,433,000$12,767,385
70$14,913,590$4,957,041$3,476,289$13,937,229
71$16,360,800$5,125,959$3,518,768$15,222,558
72$17,953,295$5,300,825$3,560,340$16,635,040
73$19,705,821$5,481,855$3,600,901$18,187,530
74$21,634,625$5,669,277$3,640,342$19,894,192
75$23,757,610$5,863,324$3,678,547$21,770,629
76$26,094,501$6,064,242$3,715,393$23,834,034
77$28,667,035$6,272,284$3,750,752$26,103,351
78$31,499,159$6,487,713$3,784,490$28,599,449
79$34,617,265$6,710,802$3,816,462$31,345,326
80$38,050,431$6,941,837$3,846,519$34,366,317
81$41,830,700$7,181,112$3,874,502$37,690,342
82$45,993,379$7,428,933$3,900,245$41,348,161
83$50,577,373$7,685,621$3,923,572$45,373,670
84$55,625,553$7,951,505$3,944,301$49,804,215
85$61,185,161$8,226,930$3,962,236$54,680,949
86$67,308,252$8,512,253$3,977,175$60,049,217
87$74,052,187$8,807,847$3,988,904$65,958,984
88$81,480,176$9,114,097$3,997,198$72,465,307
89$89,661,871$9,431,406$4,001,822$79,628,854
90$98,674,028$9,760,190$4,002,528$87,516,475
91$108,601,223$10,100,884$3,999,058$96,201,832
92$119,536,660$10,453,940$3,991,138$105,766,098
93$131,583,042$10,819,825$3,978,484$116,298,718
94$144,853,544$11,199,029$3,960,795$127,898,253
95$159,472,882$11,592,058$3,937,758$140,673,314
96$175,578,487$11,999,440$3,909,044$154,743,581
97$193,321,805$12,421,724$3,874,309$170,240,937
98$212,869,721$12,859,481$3,833,191$187,310,709
99$234,406,141$13,313,304$3,785,311$206,113,042
100$258,133,723$13,783,811$3,730,275$226,824,405