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

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$208,925$207,064$205,248$203,476$201,746$198,895
2 years$103,428$101,502$99,635$97,825$96,069$93,203
3 years$68,267$66,333$64,471$62,677$60,950$58,157
4 years$50,690$48,762$46,918$45,156$43,470$40,772
5 years$40,147$38,230$36,410$34,684$33,045$30,450
6 years$33,120$31,217$29,425$27,737$26,148$23,658
7 years$28,103$26,216$24,452$22,804$21,265$18,882
8 years$24,342$22,472$20,737$19,130$17,641$15,364
9 years$21,418$19,566$17,861$16,294$14,857$12,685
10 years$19,080$17,247$15,572$14,046$12,659$10,590
11 years$17,169$15,354$13,709$12,224$10,887$8,920
12 years$15,577$13,781$12,167$10,722$9,434$7,567
13 years$14,232$12,454$10,870$9,466$8,227$6,456
14 years$13,079$11,320$9,767$8,403$7,212$5,535
15 years$12,081$10,341$8,818$7,494$6,350$4,764
16 years$11,209$9,488$7,995$6,710$5,612$4,114
17 years$10,440$8,738$7,275$6,029$4,976$3,563
18 years$9,757$8,074$6,641$5,433$4,424$3,093
19 years$9,147$7,483$6,080$4,909$3,943$2,691
20 years$8,599$6,954$5,580$4,446$3,522$2,345
21 years$8,103$6,477$5,132$4,035$3,152$2,046
22 years$7,653$6,046$4,730$3,669$2,825$1,788
23 years$7,243$5,655$4,367$3,342$2,536$1,565
24 years$6,868$5,298$4,039$3,048$2,280$1,370
25 years$6,523$4,972$3,741$2,783$2,051$1,201
26 years$6,205$4,673$3,470$2,545$1,848$1,053
27 years$5,911$4,398$3,222$2,329$1,666$925
28 years$5,639$4,144$2,995$2,134$1,503$812
29 years$5,386$3,909$2,787$1,957$1,357$714
30 years$5,150$3,692$2,596$1,796$1,226$627
31 years$4,930$3,490$2,420$1,650$1,109$552
32 years$4,724$3,302$2,258$1,516$1,003$485
33 years$4,531$3,127$2,109$1,394$908$427
34 years$4,350$2,964$1,970$1,283$822$376
35 years$4,179$2,811$1,842$1,181$744$331
36 years$4,018$2,668$1,723$1,088$674$291
37 years$3,867$2,534$1,613$1,002$611$257
38 years$3,723$2,409$1,510$924$554$226
39 years$3,587$2,290$1,415$852$503$199
40 years$3,459$2,179$1,326$785$456$175
41 years$3,337$2,074$1,244$725$414$155
42 years$3,221$1,975$1,167$669$375$136
43 years$3,111$1,882$1,095$617$341$120
44 years$3,006$1,794$1,027$570$309$106
45 years$2,906$1,711$965$526$281$93
46 years$2,811$1,632$906$486$255$82
47 years$2,720$1,558$851$449$231$72
48 years$2,633$1,487$800$415$210$64
49 years$2,550$1,420$752$384$191$56
50 years$2,470$1,356$707$355$173$50

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 $4,031 every year, while hoping to spend $43,182 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: 58/22/20 Blend
50$2,530,000$2,530,000$2,530,000$2,530,000
51$2,792,218$2,658,128$2,618,913$2,939,127
52$3,031,079$2,742,431$2,660,701$3,123,731
53$3,292,856$2,829,417$2,702,442$3,319,862
54$3,579,842$2,919,173$2,744,089$3,532,728
55$3,894,561$3,011,788$2,785,590$3,763,954
56$4,239,792$3,107,351$2,826,894$4,015,325
57$4,618,599$3,205,959$2,867,942$4,288,811
58$5,034,354$3,307,709$2,908,676$4,586,575
59$5,490,772$3,412,702$2,949,031$4,911,005
60$5,991,947$3,521,040$2,988,940$5,264,726
61$6,542,388$3,632,833$3,028,331$5,650,629
62$7,147,059$3,748,190$3,067,129$6,071,899
63$7,811,434$3,867,226$3,105,252$6,532,043
64$8,541,539$3,990,059$3,142,617$7,034,924
65$9,344,015$4,116,811$3,179,134$7,584,795
66$10,226,178$4,247,608$3,214,708$8,186,343
67$11,196,087$4,382,579$3,249,240$8,844,728
68$12,262,623$4,521,860$3,282,624$9,565,635
69$13,435,567$4,665,589$3,314,749$10,355,326
70$14,725,700$4,813,908$3,345,498$11,220,700
71$16,144,898$4,966,965$3,374,748$12,169,357
72$17,706,244$5,124,913$3,402,369$13,209,668
73$19,424,157$5,287,910$3,428,224$14,350,856
74$21,314,521$5,456,117$3,452,170$15,603,082
75$23,394,839$5,629,704$3,474,054$16,977,541
76$25,684,395$5,808,842$3,493,718$18,486,566
77$28,204,440$5,993,712$3,510,994$20,143,747
78$30,978,387$6,184,497$3,525,706$21,964,054
79$34,032,034$6,381,390$3,537,669$23,963,984
80$37,393,810$6,584,587$3,546,690$26,161,711
81$41,095,039$6,794,291$3,552,564$28,577,262
82$45,170,235$7,010,714$3,555,077$31,232,703
83$49,657,431$7,234,071$3,554,004$34,152,345
84$54,598,536$7,464,588$3,549,110$37,362,979
85$60,039,730$7,702,495$3,540,148$40,894,123
86$66,031,897$7,948,032$3,526,858$44,778,304
87$72,631,111$8,201,447$3,508,969$49,051,361
88$79,899,160$8,462,993$3,486,195$53,752,788
89$87,904,130$8,732,935$3,458,237$58,926,101
90$96,721,047$9,011,545$3,424,784$64,619,254
91$106,432,586$9,299,103$3,385,507$70,885,086
92$117,129,852$9,595,901$3,340,063$77,781,824
93$128,913,234$9,902,237$3,288,093$85,373,628
94$141,893,360$10,218,423$3,229,219$93,731,201
95$156,192,134$10,544,777$3,163,050$102,932,452
96$171,943,891$10,881,630$3,089,172$113,063,235
97$189,296,662$11,229,325$3,007,153$124,218,154
98$208,413,573$11,588,213$2,916,544$136,501,462
99$229,474,381$11,958,659$2,816,872$150,028,039
100$252,677,174$12,341,039$2,707,643$164,924,481