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%19.6%
1 years$208,099$206,246$204,437$202,672$200,948$193,204
2 years$103,019$101,101$99,241$97,438$95,690$87,980
3 years$67,997$66,070$64,216$62,430$60,709$53,277
4 years$50,490$48,569$46,733$44,977$43,299$36,200
5 years$39,988$38,079$36,266$34,547$32,915$26,168
6 years$32,989$31,094$29,309$27,627$26,044$19,654
7 years$27,992$26,113$24,356$22,714$21,181$15,145
8 years$24,246$22,383$20,655$19,054$17,572$11,884
9 years$21,333$19,489$17,791$16,230$14,798$9,450
10 years$19,005$17,178$15,510$13,990$12,609$7,591
11 years$17,101$15,293$13,655$12,176$10,844$6,145
12 years$15,516$13,726$12,118$10,680$9,397$5,005
13 years$14,175$12,404$10,827$9,429$8,194$4,096
14 years$13,027$11,275$9,728$8,370$7,183$3,365
15 years$12,033$10,300$8,783$7,464$6,325$2,773
16 years$11,165$9,450$7,963$6,683$5,590$2,291
17 years$10,399$8,703$7,246$6,005$4,956$1,897
18 years$9,719$8,042$6,615$5,412$4,407$1,573
19 years$9,111$7,453$6,056$4,890$3,928$1,307
20 years$8,565$6,926$5,558$4,429$3,508$1,086
21 years$8,071$6,451$5,112$4,019$3,140$904
22 years$7,623$6,022$4,711$3,655$2,814$753
23 years$7,214$5,632$4,350$3,328$2,526$627
24 years$6,840$5,277$4,023$3,036$2,271$523
25 years$6,497$4,952$3,726$2,772$2,043$436
26 years$6,180$4,654$3,456$2,535$1,840$364
27 years$5,888$4,380$3,209$2,320$1,659$304
28 years$5,617$4,128$2,983$2,126$1,497$254
29 years$5,364$3,894$2,776$1,949$1,352$212
30 years$5,130$3,677$2,586$1,789$1,222$177
31 years$4,910$3,476$2,411$1,643$1,104$148
32 years$4,705$3,289$2,249$1,510$999$124
33 years$4,513$3,115$2,100$1,389$904$103
34 years$4,332$2,952$1,962$1,278$819$86
35 years$4,162$2,800$1,835$1,176$741$72
36 years$4,002$2,658$1,716$1,083$672$60
37 years$3,851$2,524$1,606$998$609$50
38 years$3,708$2,399$1,504$920$552$42
39 years$3,573$2,281$1,409$848$501$35
40 years$3,445$2,170$1,321$782$454$29
41 years$3,324$2,066$1,239$722$412$25
42 years$3,208$1,968$1,162$666$374$21
43 years$3,099$1,875$1,090$615$339$17
44 years$2,994$1,787$1,023$568$308$14
45 years$2,895$1,704$961$524$280$12
46 years$2,800$1,626$903$484$254$10
47 years$2,709$1,551$848$447$230$8
48 years$2,622$1,481$797$414$209$7
49 years$2,540$1,414$749$382$190$6
50 years$2,460$1,351$704$353$173$5

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 $3,065 every year, while hoping to spend $35,743 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: 74/10/16 Blend
50$2,520,000$2,520,000$2,520,000$2,520,000
51$2,780,202$2,646,642$2,607,582$2,975,750
52$3,025,752$2,738,297$2,656,905$3,197,294
53$3,295,150$2,833,245$2,706,683$3,435,277
54$3,590,792$2,931,610$2,756,893$3,695,094
55$3,915,314$3,033,520$2,807,511$3,978,905
56$4,271,623$3,139,110$2,858,509$4,289,090
57$4,662,919$3,248,517$2,909,860$4,628,268
58$5,092,728$3,361,886$2,961,532$4,999,326
59$5,564,935$3,479,367$3,013,492$5,405,441
60$6,083,819$3,601,116$3,065,704$5,850,113
61$6,654,093$3,727,295$3,118,130$6,337,198
62$7,280,952$3,858,074$3,170,728$6,870,941
63$7,970,117$3,993,628$3,223,455$7,456,019
64$8,727,891$4,134,138$3,276,264$8,097,586
65$9,561,221$4,279,795$3,329,103$8,801,315
66$10,477,757$4,430,797$3,381,920$9,573,460
67$11,485,931$4,587,349$3,434,657$10,420,907
68$12,595,031$4,749,664$3,487,253$11,351,243
69$13,815,291$4,917,965$3,539,643$12,372,828
70$15,157,988$5,092,482$3,591,759$13,494,870
71$16,635,547$5,273,458$3,643,527$14,727,513
72$18,261,658$5,461,142$3,694,870$16,081,937
73$20,051,404$5,655,795$3,745,705$17,570,456
74$22,021,406$5,857,689$3,795,945$19,206,637
75$24,189,979$6,067,105$3,845,499$21,005,429
76$26,577,301$6,284,337$3,894,268$22,983,305
77$29,205,609$6,509,693$3,942,148$25,158,411
78$32,099,403$6,743,489$3,989,032$27,550,742
79$35,285,680$6,986,059$4,034,803$30,182,332
80$38,794,190$7,237,746$4,079,340$33,077,456
81$42,657,714$7,498,912$4,122,514$36,262,863
82$46,912,372$7,769,930$4,164,189$39,768,025
83$51,597,968$8,051,190$4,204,223$43,625,419
84$56,758,361$8,343,099$4,242,465$47,870,830
85$62,441,883$8,646,080$4,278,756$52,543,689
86$68,701,790$8,960,572$4,312,930$57,687,445
87$75,596,768$9,287,037$4,344,809$63,349,975
88$83,191,488$9,625,951$4,374,210$69,584,035
89$91,557,210$9,977,813$4,400,936$76,447,758
90$100,772,462$10,343,142$4,424,784$84,005,202
91$110,923,777$10,722,480$4,445,538$92,326,954
92$122,106,511$11,116,390$4,462,972$101,490,798
93$134,425,741$11,525,459$4,476,848$111,582,445
94$147,997,260$11,950,300$4,486,916$122,696,344
95$162,948,668$12,391,552$4,492,914$134,936,575
96$179,420,572$12,849,879$4,494,567$148,417,825
97$197,567,923$13,325,974$4,491,587$163,266,478
98$217,561,466$13,820,562$4,483,670$179,621,801
99$239,589,361$14,334,395$4,470,499$197,637,260
100$263,858,955$14,868,260$4,451,740$217,481,970