Can I retire at age 51 with 2,550,000?

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 $2,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$210,577$208,701$206,871$205,085$203,341$199,317
2 years$104,246$102,304$100,423$98,598$96,829$92,792
3 years$68,807$66,857$64,980$63,173$61,432$57,508
4 years$51,091$49,147$47,289$45,513$43,814$40,033
5 years$40,464$38,532$36,698$34,958$33,307$29,679
6 years$33,382$31,464$29,658$27,956$26,354$22,885
7 years$28,325$26,424$24,646$22,984$21,433$18,122
8 years$24,534$22,650$20,901$19,281$17,781$14,627
9 years$21,587$19,721$18,002$16,423$14,974$11,976
10 years$19,231$17,383$15,695$14,157$12,759$9,913
11 years$17,305$15,475$13,818$12,321$10,973$8,277
12 years$15,701$13,889$12,263$10,807$9,509$6,958
13 years$14,344$12,552$10,956$9,541$8,292$5,882
14 years$13,183$11,409$9,844$8,469$7,269$4,995
15 years$12,177$10,423$8,888$7,553$6,400$4,258
16 years$11,297$9,563$8,058$6,763$5,656$3,642
17 years$10,522$8,807$7,332$6,077$5,015$3,122
18 years$9,834$8,138$6,694$5,476$4,459$2,683
19 years$9,219$7,542$6,128$4,948$3,975$2,310
20 years$8,667$7,009$5,624$4,482$3,550$1,992
21 years$8,167$6,528$5,173$4,067$3,177$1,720
22 years$7,714$6,094$4,767$3,698$2,848$1,487
23 years$7,300$5,699$4,402$3,368$2,556$1,287
24 years$6,922$5,340$4,071$3,072$2,298$1,115
25 years$6,574$5,011$3,771$2,805$2,068$967
26 years$6,254$4,710$3,497$2,565$1,862$838
27 years$5,958$4,433$3,247$2,348$1,679$728
28 years$5,683$4,177$3,019$2,151$1,515$632
29 years$5,428$3,940$2,809$1,973$1,368$549
30 years$5,191$3,721$2,617$1,810$1,236$477
31 years$4,969$3,518$2,439$1,663$1,118$415
32 years$4,761$3,328$2,276$1,528$1,011$361
33 years$4,567$3,152$2,125$1,405$915$314
34 years$4,384$2,988$1,986$1,293$828$273
35 years$4,212$2,834$1,856$1,190$750$237
36 years$4,050$2,690$1,737$1,096$680$207
37 years$3,897$2,554$1,625$1,010$616$180
38 years$3,753$2,428$1,522$931$559$156
39 years$3,616$2,308$1,426$858$507$136
40 years$3,486$2,196$1,337$792$459$119
41 years$3,363$2,091$1,253$730$417$103
42 years$3,247$1,991$1,176$674$378$90
43 years$3,135$1,897$1,103$622$343$78
44 years$3,030$1,808$1,036$575$312$68
45 years$2,929$1,724$972$531$283$59
46 years$2,833$1,645$913$490$257$52
47 years$2,741$1,570$858$453$233$45
48 years$2,654$1,499$806$418$212$39
49 years$2,570$1,431$758$387$192$34
50 years$2,490$1,367$713$357$175$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,550,000, adding $2,339 every year, while hoping to spend $38,350 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: 33/41/26 Blend
50$2,550,000$2,550,000$2,550,000$2,550,000
51$2,812,513$2,677,363$2,637,838$2,882,968
52$3,058,585$2,767,749$2,685,401$3,026,809
53$3,328,471$2,861,280$2,733,273$3,178,126
54$3,624,560$2,958,067$2,781,422$3,340,450
55$3,949,482$3,058,230$2,829,817$3,514,780
56$4,306,136$3,161,889$2,878,422$3,702,212
57$4,697,713$3,269,173$2,927,201$3,903,953
58$5,127,730$3,380,213$2,976,112$4,121,327
59$5,600,061$3,495,146$3,025,115$4,355,791
60$6,118,973$3,614,113$3,074,161$4,608,944
61$6,689,166$3,737,263$3,123,204$4,882,547
62$7,315,820$3,864,748$3,172,190$5,178,535
63$8,004,639$3,996,727$3,221,064$5,499,036
64$8,761,911$4,133,364$3,269,768$5,846,392
65$9,594,559$4,274,833$3,318,239$6,223,178
66$10,510,214$4,421,309$3,366,410$6,632,228
67$11,517,281$4,572,979$3,414,210$7,076,658
68$12,625,023$4,730,034$3,461,565$7,559,899
69$13,843,643$4,892,673$3,508,395$8,085,728
70$15,184,385$5,061,104$3,554,616$8,658,299
71$16,659,636$5,235,542$3,600,140$9,282,185
72$18,283,045$5,416,211$3,644,871$9,962,423
73$20,069,653$5,603,342$3,688,711$10,704,553
74$22,036,029$5,797,177$3,731,554$11,514,678
75$24,200,432$5,997,967$3,773,290$12,399,517
76$26,582,982$6,205,973$3,813,801$13,366,466
77$29,205,846$6,421,465$3,852,963$14,423,670
78$32,093,451$6,644,726$3,890,646$15,580,099
79$35,272,713$6,876,048$3,926,713$16,845,629
80$38,773,291$7,115,735$3,961,018$18,231,140
81$42,627,864$7,364,103$3,993,410$19,748,610
82$46,872,444$7,621,482$4,023,727$21,411,234
83$51,546,712$7,888,214$4,051,801$23,233,545
84$56,694,394$8,164,654$4,077,454$25,231,548
85$62,363,672$8,451,171$4,100,498$27,422,874
86$68,607,639$8,748,152$4,120,737$29,826,946
87$75,484,802$9,055,994$4,137,965$32,465,155
88$83,059,629$9,375,116$4,151,965$35,361,067
89$91,403,164$9,705,948$4,162,508$38,540,642
90$100,593,689$10,048,942$4,169,354$42,032,480
91$110,717,471$10,404,566$4,172,254$45,868,085
92$121,869,571$10,773,308$4,170,942$50,082,166
93$134,154,740$11,155,673$4,165,142$54,712,961
94$147,688,413$11,552,191$4,154,563$59,802,598
95$162,597,792$11,963,409$4,138,902$65,397,491
96$179,023,050$12,389,899$4,117,838$71,548,774
97$197,118,654$12,832,257$4,091,038$78,312,788
98$217,054,819$13,291,100$4,058,151$85,751,605
99$239,019,121$13,767,074$4,018,809$93,933,617
100$263,218,259$14,260,848$3,972,627$102,934,178