Can I retire at age 51 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$209,751$207,882$206,060$204,280$202,543$201,520
2 years$103,837$101,903$100,029$98,212$96,449$95,417
3 years$68,537$66,595$64,725$62,925$61,191$60,181
4 years$50,891$48,954$47,103$45,334$43,642$42,663
5 years$40,305$38,381$36,554$34,821$33,176$32,230
6 years$33,251$31,341$29,541$27,847$26,251$25,339
7 years$28,214$26,320$24,549$22,894$21,349$20,472
8 years$24,438$22,561$20,819$19,205$17,711$16,869
9 years$21,503$19,643$17,932$16,359$14,915$14,108
10 years$19,156$17,315$15,633$14,101$12,709$11,936
11 years$17,237$15,414$13,763$12,272$10,930$10,191
12 years$15,639$13,835$12,215$10,765$9,472$8,766
13 years$14,288$12,503$10,913$9,503$8,259$7,586
14 years$13,131$11,365$9,805$8,436$7,240$6,599
15 years$12,129$10,382$8,853$7,524$6,375$5,764
16 years$11,253$9,525$8,026$6,737$5,634$5,054
17 years$10,481$8,772$7,304$6,053$4,996$4,444
18 years$9,796$8,106$6,667$5,455$4,442$3,919
19 years$9,183$7,513$6,104$4,929$3,959$3,464
20 years$8,633$6,981$5,602$4,464$3,536$3,067
21 years$8,135$6,503$5,152$4,051$3,165$2,721
22 years$7,683$6,070$4,749$3,684$2,837$2,418
23 years$7,272$5,677$4,385$3,355$2,546$2,151
24 years$6,895$5,319$4,055$3,060$2,289$1,916
25 years$6,549$4,992$3,756$2,794$2,059$1,708
26 years$6,229$4,691$3,483$2,555$1,855$1,525
27 years$5,934$4,415$3,235$2,339$1,673$1,362
28 years$5,661$4,160$3,007$2,143$1,509$1,217
29 years$5,407$3,925$2,798$1,965$1,363$1,089
30 years$5,170$3,707$2,606$1,803$1,231$974
31 years$4,949$3,504$2,430$1,656$1,113$872
32 years$4,743$3,315$2,267$1,522$1,007$782
33 years$4,549$3,140$2,117$1,400$911$700
34 years$4,367$2,976$1,978$1,288$825$628
35 years$4,195$2,822$1,849$1,185$747$563
36 years$4,034$2,679$1,730$1,092$677$505
37 years$3,882$2,544$1,619$1,006$614$453
38 years$3,738$2,418$1,516$927$556$407
39 years$3,602$2,299$1,421$855$505$365
40 years$3,473$2,188$1,331$789$458$328
41 years$3,350$2,082$1,248$728$415$294
42 years$3,234$1,983$1,171$671$377$264
43 years$3,123$1,890$1,099$620$342$237
44 years$3,018$1,801$1,032$572$310$213
45 years$2,918$1,718$969$529$282$192
46 years$2,822$1,639$910$488$256$172
47 years$2,731$1,564$855$451$232$155
48 years$2,643$1,493$803$417$211$139
49 years$2,560$1,425$755$385$192$125
50 years$2,480$1,362$710$356$174$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,540,000, adding $3,720 every year, while hoping to spend $28,708 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: 55/39/6 Blend
50$2,540,000$2,540,000$2,540,000$2,540,000
51$2,802,917$2,668,297$2,628,927$2,953,199
52$3,058,270$2,768,499$2,686,451$3,155,183
53$3,338,706$2,872,648$2,744,940$3,371,465
54$3,646,754$2,980,908$2,804,396$3,606,227
55$3,985,200$3,093,449$2,864,820$3,861,226
56$4,357,110$3,210,448$2,926,212$4,138,396
57$4,765,867$3,332,092$2,988,571$4,439,860
58$5,215,193$3,458,572$3,051,896$4,767,954
59$5,709,192$3,590,091$3,116,183$5,125,248
60$6,252,382$3,726,858$3,181,428$5,514,567
61$6,849,746$3,869,095$3,247,626$5,939,020
62$7,506,768$4,017,028$3,314,770$6,402,024
63$8,229,494$4,170,899$3,382,851$6,907,341
64$9,024,586$4,330,956$3,451,859$7,459,111
65$9,899,380$4,497,459$3,521,784$8,061,886
66$10,861,964$4,670,682$3,592,610$8,720,678
67$11,921,246$4,850,907$3,664,324$9,441,002
68$13,087,042$5,038,431$3,736,908$10,228,928
69$14,370,170$5,233,563$3,810,344$11,091,138
70$15,782,546$5,436,626$3,884,609$12,034,986
71$17,337,303$5,647,958$3,959,681$13,068,567
72$19,048,911$5,867,911$4,035,533$14,200,795
73$20,933,313$6,096,853$4,112,137$15,441,482
74$23,008,080$6,335,167$4,189,462$16,801,432
75$25,292,568$6,583,255$4,267,474$18,292,541
76$27,808,112$6,841,535$4,346,136$19,927,906
77$30,578,215$7,110,446$4,425,407$21,721,952
78$33,628,779$7,390,445$4,505,245$23,690,561
79$36,988,346$7,682,008$4,585,602$25,851,225
80$40,688,366$7,985,635$4,666,428$28,223,208
81$44,763,495$8,301,847$4,747,669$30,827,724
82$49,251,922$8,631,188$4,829,267$33,688,139
83$54,195,729$8,974,227$4,911,158$36,830,187
84$59,641,288$9,331,559$4,993,276$40,282,215
85$65,639,698$9,703,804$5,075,550$44,075,443
86$72,247,268$10,091,611$5,157,902$48,244,260
87$79,526,049$10,495,659$5,240,250$52,826,549
88$87,544,416$10,916,657$5,322,509$57,864,036
89$96,377,718$11,355,344$5,404,585$63,402,689
90$106,108,986$11,812,497$5,486,379$69,493,142
91$116,829,716$12,288,923$5,567,786$76,191,177
92$128,640,736$12,785,469$5,648,696$83,558,244
93$141,653,153$13,303,019$5,728,989$91,662,041
94$155,989,404$13,842,497$5,808,540$100,577,147
95$171,784,414$14,404,870$5,887,217$110,385,727
96$189,186,864$14,991,148$5,964,879$121,178,301
97$208,360,598$15,602,388$6,041,375$133,054,600
98$229,486,167$16,239,693$6,116,550$146,124,497
99$252,762,538$16,904,220$6,190,236$160,509,049
100$278,408,964$17,597,174$6,262,257$176,341,628