Can I retire at age 51 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$208,099$206,246$204,437$202,672$200,948$199,098
2 years$103,019$101,101$99,241$97,438$95,690$93,826
3 years$67,997$66,070$64,216$62,430$60,709$58,889
4 years$50,490$48,569$46,733$44,977$43,299$41,536
5 years$39,988$38,079$36,266$34,547$32,915$31,216
6 years$32,989$31,094$29,309$27,627$26,044$24,410
7 years$27,992$26,113$24,356$22,714$21,181$19,613
8 years$24,246$22,383$20,655$19,054$17,572$16,070
9 years$21,333$19,489$17,791$16,230$14,798$13,361
10 years$19,005$17,178$15,510$13,990$12,609$11,236
11 years$17,101$15,293$13,655$12,176$10,844$9,535
12 years$15,516$13,726$12,118$10,680$9,397$8,150
13 years$14,175$12,404$10,827$9,429$8,194$7,008
14 years$13,027$11,275$9,728$8,370$7,183$6,056
15 years$12,033$10,300$8,783$7,464$6,325$5,255
16 years$11,165$9,450$7,963$6,683$5,590$4,576
17 years$10,399$8,703$7,246$6,005$4,956$3,997
18 years$9,719$8,042$6,615$5,412$4,407$3,500
19 years$9,111$7,453$6,056$4,890$3,928$3,071
20 years$8,565$6,926$5,558$4,429$3,508$2,700
21 years$8,071$6,451$5,112$4,019$3,140$2,378
22 years$7,623$6,022$4,711$3,655$2,814$2,097
23 years$7,214$5,632$4,350$3,328$2,526$1,851
24 years$6,840$5,277$4,023$3,036$2,271$1,636
25 years$6,497$4,952$3,726$2,772$2,043$1,448
26 years$6,180$4,654$3,456$2,535$1,840$1,282
27 years$5,888$4,380$3,209$2,320$1,659$1,136
28 years$5,617$4,128$2,983$2,126$1,497$1,008
29 years$5,364$3,894$2,776$1,949$1,352$894
30 years$5,130$3,677$2,586$1,789$1,222$794
31 years$4,910$3,476$2,411$1,643$1,104$705
32 years$4,705$3,289$2,249$1,510$999$626
33 years$4,513$3,115$2,100$1,389$904$557
34 years$4,332$2,952$1,962$1,278$819$495
35 years$4,162$2,800$1,835$1,176$741$440
36 years$4,002$2,658$1,716$1,083$672$391
37 years$3,851$2,524$1,606$998$609$348
38 years$3,708$2,399$1,504$920$552$310
39 years$3,573$2,281$1,409$848$501$276
40 years$3,445$2,170$1,321$782$454$246
41 years$3,324$2,066$1,239$722$412$219
42 years$3,208$1,968$1,162$666$374$195
43 years$3,099$1,875$1,090$615$339$173
44 years$2,994$1,787$1,023$568$308$154
45 years$2,895$1,704$961$524$280$137
46 years$2,800$1,626$903$484$254$122
47 years$2,709$1,551$848$447$230$109
48 years$2,622$1,481$797$414$209$97
49 years$2,540$1,414$749$382$190$87
50 years$2,460$1,351$704$353$173$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,520,000, adding $6,265 every year, while hoping to spend $36,833 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: 53/25/22 Blend
50$2,520,000$2,520,000$2,520,000$2,520,000
51$2,783,502$2,649,942$2,610,882$2,913,840
52$3,028,230$2,740,599$2,659,157$3,094,890
53$3,296,684$2,834,464$2,707,814$3,287,454
54$3,591,248$2,931,655$2,756,828$3,496,223
55$3,914,544$3,032,295$2,806,170$3,722,756
56$4,269,462$3,136,511$2,855,811$3,968,766
57$4,659,183$3,244,436$2,905,717$4,236,141
58$5,087,214$3,356,209$2,955,853$4,526,954
59$5,557,418$3,471,970$3,006,182$4,843,493
60$6,074,048$3,591,871$3,056,663$5,188,271
61$6,641,793$3,716,064$3,107,253$5,564,057
62$7,265,816$3,844,711$3,157,906$5,973,898
63$7,951,806$3,977,979$3,208,572$6,421,151
64$8,706,030$4,116,040$3,259,199$6,909,509
65$9,535,394$4,259,075$3,309,731$7,443,039
66$10,447,505$4,407,271$3,360,109$8,026,222
67$11,450,747$4,560,823$3,410,268$8,663,990
68$12,554,353$4,719,933$3,460,142$9,361,773
69$13,768,499$4,884,812$3,509,659$10,125,555
70$15,104,397$5,055,679$3,558,744$10,961,924
71$16,574,399$5,232,761$3,607,315$11,878,135
72$18,192,116$5,416,294$3,655,288$12,882,182
73$19,972,544$5,606,525$3,702,573$13,982,868
74$21,932,209$5,803,710$3,749,074$15,189,888
75$24,089,317$6,008,114$3,794,690$16,513,926
76$26,463,930$6,220,015$3,839,316$17,966,745
77$29,078,155$6,439,700$3,882,837$19,561,309
78$31,956,351$6,667,469$3,925,136$21,311,896
79$35,125,358$6,903,634$3,966,088$23,234,235
80$38,614,752$7,148,519$4,005,559$25,345,656
81$42,457,122$7,402,462$4,043,410$27,665,250
82$46,688,379$7,665,813$4,079,495$30,214,050
83$51,348,094$7,938,939$4,113,658$33,015,229
84$56,479,871$8,222,218$4,145,738$36,094,317
85$62,131,759$8,516,048$4,175,561$39,479,442
86$68,356,705$8,820,841$4,202,949$43,201,595
87$75,213,051$9,137,024$4,227,710$47,294,923
88$82,765,090$9,465,046$4,249,645$51,797,047
89$91,083,666$9,805,370$4,268,545$56,749,420
90$100,246,847$10,158,481$4,284,189$62,197,715
91$110,340,662$10,524,883$4,296,346$68,192,257
92$121,459,908$10,905,100$4,304,772$74,788,496
93$133,709,048$11,299,680$4,309,212$82,047,532
94$147,203,198$11,709,192$4,309,397$90,036,686
95$162,069,210$12,134,228$4,305,048$98,830,140
96$178,446,871$12,575,406$4,295,868$108,509,634
97$196,490,221$13,033,370$4,281,549$119,165,234
98$216,369,009$13,508,790$4,261,766$130,896,187
99$238,270,291$14,002,365$4,236,179$143,811,851
100$262,400,201$14,514,821$4,204,431$158,032,730