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%18.6%
1 years$209,751$207,882$206,060$204,280$202,543$195,512
2 years$103,837$101,903$100,029$98,212$96,449$89,438
3 years$68,537$66,595$64,725$62,925$61,191$54,421
4 years$50,891$48,954$47,103$45,334$43,642$37,164
5 years$40,305$38,381$36,554$34,821$33,176$27,007
6 years$33,251$31,341$29,541$27,847$26,251$20,396
7 years$28,214$26,320$24,549$22,894$21,349$15,807
8 years$24,438$22,561$20,819$19,205$17,711$12,477
9 years$21,503$19,643$17,932$16,359$14,915$9,983
10 years$19,156$17,315$15,633$14,101$12,709$8,070
11 years$17,237$15,414$13,763$12,272$10,930$6,576
12 years$15,639$13,835$12,215$10,765$9,472$5,392
13 years$14,288$12,503$10,913$9,503$8,259$4,443
14 years$13,131$11,365$9,805$8,436$7,240$3,676
15 years$12,129$10,382$8,853$7,524$6,375$3,051
16 years$11,253$9,525$8,026$6,737$5,634$2,539
17 years$10,481$8,772$7,304$6,053$4,996$2,118
18 years$9,796$8,106$6,667$5,455$4,442$1,769
19 years$9,183$7,513$6,104$4,929$3,959$1,481
20 years$8,633$6,981$5,602$4,464$3,536$1,240
21 years$8,135$6,503$5,152$4,051$3,165$1,040
22 years$7,683$6,070$4,749$3,684$2,837$873
23 years$7,272$5,677$4,385$3,355$2,546$734
24 years$6,895$5,319$4,055$3,060$2,289$617
25 years$6,549$4,992$3,756$2,794$2,059$518
26 years$6,229$4,691$3,483$2,555$1,855$436
27 years$5,934$4,415$3,235$2,339$1,673$367
28 years$5,661$4,160$3,007$2,143$1,509$309
29 years$5,407$3,925$2,798$1,965$1,363$260
30 years$5,170$3,707$2,606$1,803$1,231$219
31 years$4,949$3,504$2,430$1,656$1,113$185
32 years$4,743$3,315$2,267$1,522$1,007$156
33 years$4,549$3,140$2,117$1,400$911$131
34 years$4,367$2,976$1,978$1,288$825$110
35 years$4,195$2,822$1,849$1,185$747$93
36 years$4,034$2,679$1,730$1,092$677$78
37 years$3,882$2,544$1,619$1,006$614$66
38 years$3,738$2,418$1,516$927$556$56
39 years$3,602$2,299$1,421$855$505$47
40 years$3,473$2,188$1,331$789$458$40
41 years$3,350$2,082$1,248$728$415$33
42 years$3,234$1,983$1,171$671$377$28
43 years$3,123$1,890$1,099$620$342$24
44 years$3,018$1,801$1,032$572$310$20
45 years$2,918$1,718$969$529$282$17
46 years$2,822$1,639$910$488$256$14
47 years$2,731$1,564$855$451$232$12
48 years$2,643$1,493$803$417$211$10
49 years$2,560$1,425$755$385$192$9
50 years$2,480$1,362$710$356$174$7

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 $6,977 every year, while hoping to spend $33,384 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: 50/34/16 Blend
50$2,540,000$2,540,000$2,540,000$2,540,000
51$2,806,277$2,671,657$2,632,287$2,933,881
52$3,056,997$2,767,048$2,684,948$3,117,877
53$3,332,171$2,865,994$2,738,255$3,313,685
54$3,634,259$2,968,634$2,792,193$3,525,747
55$3,965,970$3,075,113$2,846,747$3,755,604
56$4,330,287$3,185,582$2,901,902$4,004,953
57$4,730,498$3,300,197$2,957,637$4,275,656
58$5,170,223$3,419,122$3,013,933$4,569,765
59$5,653,453$3,542,526$3,070,767$4,889,535
60$6,184,583$3,670,587$3,128,114$5,237,446
61$6,768,453$3,803,488$3,185,949$5,616,227
62$7,410,399$3,941,423$3,244,242$6,028,883
63$8,116,298$4,084,591$3,302,963$6,478,717
64$8,892,625$4,233,201$3,362,076$6,969,366
65$9,746,514$4,387,468$3,421,547$7,504,832
66$10,685,825$4,547,621$3,481,335$8,089,521
67$11,719,218$4,713,893$3,541,399$8,728,282
68$12,856,236$4,886,532$3,601,693$9,426,453
69$14,107,392$5,065,792$3,662,170$10,189,909
70$15,484,270$5,251,939$3,722,777$11,025,120
71$16,999,634$5,445,253$3,783,459$11,939,211
72$18,667,548$5,646,022$3,844,156$12,940,022
73$20,503,509$5,854,549$3,904,807$14,036,191
74$22,524,592$6,071,147$3,965,343$15,237,226
75$24,749,612$6,296,144$4,025,693$16,553,601
76$27,199,301$6,529,884$4,085,782$17,996,848
77$29,896,502$6,772,721$4,145,528$19,579,668
78$32,866,389$7,025,027$4,204,847$21,316,049
79$36,136,698$7,287,191$4,263,647$23,221,399
80$39,737,993$7,559,615$4,321,831$25,312,686
81$43,703,955$7,842,722$4,379,298$27,608,601
82$48,071,693$8,136,951$4,435,940$30,129,732
83$52,882,104$8,442,760$4,491,643$32,898,756
84$58,180,251$8,760,628$4,546,285$35,940,655
85$64,015,790$9,091,052$4,599,739$39,282,946
86$70,443,441$9,434,553$4,651,870$42,955,942
87$77,523,500$9,791,674$4,702,535$46,993,038
88$85,322,412$10,162,981$4,751,585$51,431,022
89$93,913,396$10,549,065$4,798,861$56,310,421
90$103,377,135$10,950,543$4,844,196$61,675,887
91$113,802,540$11,368,056$4,887,414$67,576,607
92$125,287,585$11,802,277$4,928,329$74,066,776
93$137,940,237$12,253,907$4,966,745$81,206,100
94$151,879,468$12,723,676$5,002,459$89,060,361
95$167,236,385$13,212,347$5,035,252$97,702,035
96$184,155,462$13,720,717$5,064,899$107,210,974
97$202,795,905$14,249,618$5,091,158$117,675,158
98$223,333,155$14,799,918$5,113,780$129,191,524
99$245,960,545$15,372,522$5,132,500$141,866,877
100$270,891,123$15,968,377$5,147,041$155,818,898