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

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$209,751$207,882$206,060$204,280$202,543$197,247
2 years$103,837$101,903$100,029$98,212$96,449$91,149
3 years$68,537$66,595$64,725$62,925$61,191$56,054
4 years$50,891$48,954$47,103$45,334$43,642$38,706
5 years$40,305$38,381$36,554$34,821$33,176$28,456
6 years$33,251$31,341$29,541$27,847$26,251$21,751
7 years$28,214$26,320$24,549$22,894$21,349$17,069
8 years$24,438$22,561$20,819$19,205$17,711$13,649
9 years$21,503$19,643$17,932$16,359$14,915$11,068
10 years$19,156$17,315$15,633$14,101$12,709$9,072
11 years$17,237$15,414$13,763$12,272$10,930$7,497
12 years$15,639$13,835$12,215$10,765$9,472$6,237
13 years$14,288$12,503$10,913$9,503$8,259$5,217
14 years$13,131$11,365$9,805$8,436$7,240$4,382
15 years$12,129$10,382$8,853$7,524$6,375$3,694
16 years$11,253$9,525$8,026$6,737$5,634$3,123
17 years$10,481$8,772$7,304$6,053$4,996$2,647
18 years$9,796$8,106$6,667$5,455$4,442$2,248
19 years$9,183$7,513$6,104$4,929$3,959$1,913
20 years$8,633$6,981$5,602$4,464$3,536$1,630
21 years$8,135$6,503$5,152$4,051$3,165$1,390
22 years$7,683$6,070$4,749$3,684$2,837$1,187
23 years$7,272$5,677$4,385$3,355$2,546$1,015
24 years$6,895$5,319$4,055$3,060$2,289$868
25 years$6,549$4,992$3,756$2,794$2,059$743
26 years$6,229$4,691$3,483$2,555$1,855$636
27 years$5,934$4,415$3,235$2,339$1,673$545
28 years$5,661$4,160$3,007$2,143$1,509$467
29 years$5,407$3,925$2,798$1,965$1,363$400
30 years$5,170$3,707$2,606$1,803$1,231$343
31 years$4,949$3,504$2,430$1,656$1,113$295
32 years$4,743$3,315$2,267$1,522$1,007$253
33 years$4,549$3,140$2,117$1,400$911$217
34 years$4,367$2,976$1,978$1,288$825$186
35 years$4,195$2,822$1,849$1,185$747$160
36 years$4,034$2,679$1,730$1,092$677$137
37 years$3,882$2,544$1,619$1,006$614$118
38 years$3,738$2,418$1,516$927$556$101
39 years$3,602$2,299$1,421$855$505$87
40 years$3,473$2,188$1,331$789$458$75
41 years$3,350$2,082$1,248$728$415$64
42 years$3,234$1,983$1,171$671$377$55
43 years$3,123$1,890$1,099$620$342$47
44 years$3,018$1,801$1,032$572$310$41
45 years$2,918$1,718$969$529$282$35
46 years$2,822$1,639$910$488$256$30
47 years$2,731$1,564$855$451$232$26
48 years$2,643$1,493$803$417$211$22
49 years$2,560$1,425$755$385$192$19
50 years$2,480$1,362$710$356$174$16

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 $4,039 every year, while hoping to spend $23,224 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: 88/5/7 Blend
50$2,540,000$2,540,000$2,540,000$2,540,000
51$2,803,246$2,668,626$2,629,256$3,048,265
52$3,064,467$2,774,679$2,692,626$3,314,464
53$3,351,554$2,885,149$2,757,341$3,603,419
54$3,667,121$3,000,230$2,823,420$3,920,336
55$4,014,048$3,120,122$2,890,885$4,268,019
56$4,395,507$3,245,034$2,959,756$4,649,558
57$4,814,994$3,375,186$3,030,053$5,068,355
58$5,276,359$3,510,806$3,101,795$5,528,158
59$5,783,847$3,652,134$3,175,004$6,033,096
60$6,342,130$3,799,420$3,249,698$6,587,718
61$6,956,361$3,952,925$3,325,897$7,197,033
62$7,632,215$4,112,923$3,403,619$7,866,561
63$8,375,944$4,279,700$3,482,884$8,602,382
64$9,194,439$4,453,554$3,563,709$9,411,195
65$10,095,291$4,634,797$3,646,112$10,300,380
66$11,086,865$4,823,757$3,730,112$11,278,066
67$12,178,379$5,020,774$3,815,723$12,353,213
68$13,379,986$5,226,205$3,902,963$13,535,688
69$14,702,880$5,440,424$3,991,847$14,836,364
70$16,159,390$5,663,821$4,082,390$16,267,221
71$17,763,103$5,896,804$4,174,606$17,841,458
72$19,528,993$6,139,800$4,268,508$19,573,618
73$21,473,555$6,393,255$4,364,109$21,479,724
74$23,614,970$6,657,637$4,461,419$23,577,431
75$25,973,270$6,933,434$4,560,449$25,886,190
76$28,570,527$7,221,156$4,661,208$28,427,438
77$31,431,066$7,521,338$4,763,704$31,224,789
78$34,581,691$7,834,539$4,867,943$34,304,266
79$38,051,935$8,161,344$4,973,931$37,694,544
80$41,874,346$8,502,363$5,081,672$41,427,216
81$46,084,788$8,858,238$5,191,166$45,537,097
82$50,722,782$9,229,637$5,302,416$50,062,547
83$55,831,878$9,617,261$5,415,419$55,045,837
84$61,460,065$10,021,843$5,530,171$60,533,542
85$67,660,228$10,444,150$5,646,668$66,576,989
86$74,490,642$10,884,983$5,764,902$73,232,731
87$82,015,523$11,345,183$5,884,862$80,563,087
88$90,305,637$11,825,628$6,006,536$88,636,728
89$99,438,966$12,327,238$6,129,909$97,529,324
90$109,501,442$12,850,974$6,254,962$107,324,260
91$120,587,762$13,397,844$6,381,676$118,113,419
92$132,802,277$13,968,902$6,510,025$129,998,051
93$146,259,981$14,565,250$6,639,983$143,089,729
94$161,087,595$15,188,043$6,771,518$157,511,400
95$177,424,762$15,838,490$6,904,597$173,398,546
96$195,425,367$16,517,854$7,039,179$190,900,460
97$215,258,986$17,227,461$7,175,224$210,181,660
98$237,112,492$17,968,696$7,312,683$231,423,435
99$261,191,814$18,743,010$7,451,506$254,825,561
100$287,723,883$19,551,922$7,591,635$280,608,182