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

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$208,099$206,246$204,437$202,672$200,948$197,864
2 years$103,019$101,101$99,241$97,438$95,690$92,589
3 years$67,997$66,070$64,216$62,430$60,709$57,690
4 years$50,490$48,569$46,733$44,977$43,299$40,383
5 years$39,988$38,079$36,266$34,547$32,915$30,112
6 years$32,989$31,094$29,309$27,627$26,044$23,357
7 years$27,992$26,113$24,356$22,714$21,181$18,611
8 years$24,246$22,383$20,655$19,054$17,572$15,118
9 years$21,333$19,489$17,791$16,230$14,798$12,459
10 years$19,005$17,178$15,510$13,990$12,609$10,383
11 years$17,101$15,293$13,655$12,176$10,844$8,729
12 years$15,516$13,726$12,118$10,680$9,397$7,390
13 years$14,175$12,404$10,827$9,429$8,194$6,293
14 years$13,027$11,275$9,728$8,370$7,183$5,384
15 years$12,033$10,300$8,783$7,464$6,325$4,625
16 years$11,165$9,450$7,963$6,683$5,590$3,986
17 years$10,399$8,703$7,246$6,005$4,956$3,444
18 years$9,719$8,042$6,615$5,412$4,407$2,984
19 years$9,111$7,453$6,056$4,890$3,928$2,590
20 years$8,565$6,926$5,558$4,429$3,508$2,252
21 years$8,071$6,451$5,112$4,019$3,140$1,961
22 years$7,623$6,022$4,711$3,655$2,814$1,710
23 years$7,214$5,632$4,350$3,328$2,526$1,492
24 years$6,840$5,277$4,023$3,036$2,271$1,304
25 years$6,497$4,952$3,726$2,772$2,043$1,140
26 years$6,180$4,654$3,456$2,535$1,840$998
27 years$5,888$4,380$3,209$2,320$1,659$874
28 years$5,617$4,128$2,983$2,126$1,497$765
29 years$5,364$3,894$2,776$1,949$1,352$671
30 years$5,130$3,677$2,586$1,789$1,222$588
31 years$4,910$3,476$2,411$1,643$1,104$516
32 years$4,705$3,289$2,249$1,510$999$453
33 years$4,513$3,115$2,100$1,389$904$397
34 years$4,332$2,952$1,962$1,278$819$349
35 years$4,162$2,800$1,835$1,176$741$306
36 years$4,002$2,658$1,716$1,083$672$269
37 years$3,851$2,524$1,606$998$609$236
38 years$3,708$2,399$1,504$920$552$208
39 years$3,573$2,281$1,409$848$501$183
40 years$3,445$2,170$1,321$782$454$160
41 years$3,324$2,066$1,239$722$412$141
42 years$3,208$1,968$1,162$666$374$124
43 years$3,099$1,875$1,090$615$339$109
44 years$2,994$1,787$1,023$568$308$96
45 years$2,895$1,704$961$524$280$84
46 years$2,800$1,626$903$484$254$74
47 years$2,709$1,551$848$447$230$65
48 years$2,622$1,481$797$414$209$57
49 years$2,540$1,414$749$382$190$50
50 years$2,460$1,351$704$353$173$44

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 $6,652 every year, while hoping to spend $50,173 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: 66/29/5 Blend
50$2,520,000$2,520,000$2,520,000$2,520,000
51$2,783,902$2,650,342$2,611,282$2,965,415
52$3,014,476$2,726,825$2,645,376$3,163,157
53$3,266,887$2,805,374$2,678,931$3,372,510
54$3,543,310$2,886,037$2,711,875$3,599,944
55$3,846,138$2,968,864$2,744,134$3,847,209
56$4,178,010$3,053,904$2,775,628$4,116,237
57$4,541,829$3,141,207$2,806,273$4,409,150
58$4,940,793$3,230,824$2,835,981$4,728,286
59$5,378,427$3,322,807$2,864,659$5,076,218
60$5,858,609$3,417,208$2,892,208$5,455,780
61$6,385,616$3,514,079$2,918,526$5,870,091
62$6,964,154$3,613,474$2,943,501$6,322,585
63$7,599,409$3,715,446$2,967,021$6,817,047
64$8,297,096$3,820,050$2,988,963$7,357,640
65$9,063,507$3,927,340$3,009,200$7,948,954
66$9,905,575$4,037,370$3,027,599$8,596,039
67$10,830,938$4,150,195$3,044,018$9,304,461
68$11,848,011$4,265,872$3,058,309$10,080,350
69$12,966,062$4,384,454$3,070,317$10,930,455
70$14,195,307$4,505,998$3,079,879$11,862,215
71$15,546,995$4,630,559$3,086,821$12,883,821
72$17,033,524$4,758,192$3,090,966$14,004,297
73$18,668,552$4,888,952$3,092,122$15,233,584
74$20,467,128$5,022,895$3,090,091$16,582,635
75$22,445,832$5,160,073$3,084,666$18,063,513
76$24,622,932$5,300,542$3,075,627$19,689,512
77$27,018,556$5,444,353$3,062,746$21,475,275
78$29,654,882$5,591,560$3,045,782$23,436,937
79$32,556,347$5,742,214$3,024,483$25,592,274
80$35,749,877$5,896,365$2,998,585$27,960,871
81$39,265,140$6,054,062$2,967,813$30,564,308
82$43,134,826$6,215,353$2,931,876$33,426,361
83$47,394,956$6,380,283$2,890,472$36,573,227
84$52,085,221$6,548,896$2,843,282$40,033,772
85$57,249,356$6,721,235$2,789,975$43,839,801
86$62,935,554$6,897,339$2,730,203$48,026,360
87$69,196,917$7,077,245$2,663,601$52,632,064
88$76,091,960$7,260,987$2,589,789$57,699,463
89$83,685,162$7,448,597$2,508,369$63,275,443
90$92,047,572$7,640,103$2,418,923$69,411,668
91$101,257,484$7,835,527$2,321,017$76,165,066
92$111,401,170$8,034,891$2,214,194$83,598,369
93$122,573,698$8,238,209$2,097,978$91,780,702
94$134,879,827$8,445,493$1,971,872$100,788,236
95$148,434,994$8,656,747$1,835,354$110,704,906
96$163,366,408$8,871,972$1,687,883$121,623,206
97$179,814,243$9,091,160$1,528,889$133,645,057
98$197,932,969$9,314,300$1,357,779$146,882,772
99$217,892,801$9,541,370$1,173,934$161,460,116
100$239,881,312$9,772,342$976,706$177,513,474