Can I retire at age 51 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$208,925$207,064$205,248$203,476$201,746$194,976
2 years$103,428$101,502$99,635$97,825$96,069$89,315
3 years$68,267$66,333$64,471$62,677$60,950$54,425
4 years$50,690$48,762$46,918$45,156$43,470$37,223
5 years$40,147$38,230$36,410$34,684$33,045$27,093
6 years$33,120$31,217$29,425$27,737$26,148$20,494
7 years$28,103$26,216$24,452$22,804$21,265$15,910
8 years$24,342$22,472$20,737$19,130$17,641$12,581
9 years$21,418$19,566$17,861$16,294$14,857$10,085
10 years$19,080$17,247$15,572$14,046$12,659$8,168
11 years$17,169$15,354$13,709$12,224$10,887$6,668
12 years$15,577$13,781$12,167$10,722$9,434$5,478
13 years$14,232$12,454$10,870$9,466$8,227$4,523
14 years$13,079$11,320$9,767$8,403$7,212$3,750
15 years$12,081$10,341$8,818$7,494$6,350$3,119
16 years$11,209$9,488$7,995$6,710$5,612$2,602
17 years$10,440$8,738$7,275$6,029$4,976$2,175
18 years$9,757$8,074$6,641$5,433$4,424$1,821
19 years$9,147$7,483$6,080$4,909$3,943$1,527
20 years$8,599$6,954$5,580$4,446$3,522$1,283
21 years$8,103$6,477$5,132$4,035$3,152$1,078
22 years$7,653$6,046$4,730$3,669$2,825$907
23 years$7,243$5,655$4,367$3,342$2,536$764
24 years$6,868$5,298$4,039$3,048$2,280$644
25 years$6,523$4,972$3,741$2,783$2,051$542
26 years$6,205$4,673$3,470$2,545$1,848$457
27 years$5,911$4,398$3,222$2,329$1,666$386
28 years$5,639$4,144$2,995$2,134$1,503$326
29 years$5,386$3,909$2,787$1,957$1,357$275
30 years$5,150$3,692$2,596$1,796$1,226$232
31 years$4,930$3,490$2,420$1,650$1,109$196
32 years$4,724$3,302$2,258$1,516$1,003$166
33 years$4,531$3,127$2,109$1,394$908$140
34 years$4,350$2,964$1,970$1,283$822$118
35 years$4,179$2,811$1,842$1,181$744$100
36 years$4,018$2,668$1,723$1,088$674$84
37 years$3,867$2,534$1,613$1,002$611$71
38 years$3,723$2,409$1,510$924$554$60
39 years$3,587$2,290$1,415$852$503$51
40 years$3,459$2,179$1,326$785$456$43
41 years$3,337$2,074$1,244$725$414$36
42 years$3,221$1,975$1,167$669$375$31
43 years$3,111$1,882$1,095$617$341$26
44 years$3,006$1,794$1,027$570$309$22
45 years$2,906$1,711$965$526$281$19
46 years$2,811$1,632$906$486$255$16
47 years$2,720$1,558$851$449$231$13
48 years$2,633$1,487$800$415$210$11
49 years$2,550$1,420$752$384$191$9
50 years$2,470$1,356$707$355$173$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,530,000, adding $6,441 every year, while hoping to spend $40,931 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: 64/31/5 Blend
50$2,530,000$2,530,000$2,530,000$2,530,000
51$2,794,704$2,660,614$2,621,399$2,971,169
52$3,036,213$2,747,434$2,665,665$3,176,144
53$3,300,985$2,837,136$2,710,043$3,394,459
54$3,591,348$2,929,818$2,754,492$3,631,799
55$3,909,869$3,025,583$2,798,971$3,890,005
56$4,259,373$3,124,534$2,843,434$4,171,103
57$4,642,974$3,226,781$2,887,834$4,477,320
58$5,064,100$3,332,436$2,932,119$4,811,110
59$5,526,529$3,441,615$2,976,235$5,175,171
60$6,034,420$3,554,440$3,020,125$5,572,474
61$6,592,359$3,671,035$3,063,727$6,006,290
62$7,205,394$3,791,530$3,106,976$6,480,219
63$7,879,087$3,916,059$3,149,803$6,998,224
64$8,619,568$4,044,759$3,192,135$7,564,668
65$9,433,588$4,177,776$3,233,895$8,184,357
66$10,328,584$4,315,258$3,275,001$8,862,581
67$11,312,752$4,457,358$3,315,367$9,605,164
68$12,395,121$4,604,237$3,354,900$10,418,523
69$13,585,639$4,756,060$3,393,504$11,309,723
70$14,895,265$4,912,997$3,431,077$12,286,543
71$16,336,075$5,075,228$3,467,512$13,357,553
72$17,921,375$5,242,934$3,502,694$14,532,191
73$19,665,825$5,416,307$3,536,504$15,820,853
74$21,585,578$5,595,545$3,568,815$17,234,988
75$23,698,431$5,780,851$3,599,494$18,787,209
76$26,023,996$5,972,437$3,628,402$20,491,409
77$28,583,880$6,170,524$3,655,390$22,362,892
78$31,401,894$6,375,337$3,680,304$24,418,516
79$34,504,273$6,587,115$3,702,980$26,676,854
80$37,919,925$6,806,099$3,723,246$29,158,364
81$41,680,704$7,032,545$3,740,922$31,885,587
82$45,821,711$7,266,715$3,755,818$34,883,352
83$50,381,622$7,508,881$3,767,734$38,179,018
84$55,403,056$7,759,324$3,776,462$41,802,722
85$60,932,975$8,018,339$3,781,781$45,787,671
86$67,023,129$8,286,227$3,783,461$50,170,450
87$73,730,540$8,563,305$3,781,259$54,991,365
88$81,118,046$8,849,897$3,774,921$60,294,828
89$89,254,887$9,146,342$3,764,182$66,129,770
90$98,217,364$9,452,992$3,748,760$72,550,103
91$108,089,556$9,770,209$3,728,365$79,615,231
92$118,964,113$10,098,372$3,702,687$87,390,605
93$130,943,132$10,437,872$3,671,407$95,948,342
94$144,139,118$10,789,114$3,634,186$105,367,907
95$158,676,048$11,152,521$3,590,671$115,736,855
96$174,690,540$11,528,528$3,540,492$127,151,664
97$192,333,139$11,917,591$3,483,264$139,718,639
98$211,769,745$12,320,179$3,418,579$153,554,919
99$233,183,172$12,736,780$3,346,014$168,789,574
100$256,774,875$13,167,901$3,265,124$185,564,831