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%17.7%
1 years$210,577$208,701$206,871$205,085$203,341$196,989
2 years$104,246$102,304$100,423$98,598$96,829$90,487
3 years$68,807$66,857$64,980$63,173$61,432$55,298
4 years$51,091$49,147$47,289$45,513$43,814$37,935
5 years$40,464$38,532$36,698$34,958$33,307$27,698
6 years$33,382$31,464$29,658$27,956$26,354$21,022
7 years$28,325$26,424$24,646$22,984$21,433$16,376
8 years$24,534$22,650$20,901$19,281$17,781$12,995
9 years$21,587$19,721$18,002$16,423$14,974$10,455
10 years$19,231$17,383$15,695$14,157$12,759$8,499
11 years$17,305$15,475$13,818$12,321$10,973$6,966
12 years$15,701$13,889$12,263$10,807$9,509$5,746
13 years$14,344$12,552$10,956$9,541$8,292$4,764
14 years$13,183$11,409$9,844$8,469$7,269$3,966
15 years$12,177$10,423$8,888$7,553$6,400$3,313
16 years$11,297$9,563$8,058$6,763$5,656$2,775
17 years$10,522$8,807$7,332$6,077$5,015$2,330
18 years$9,834$8,138$6,694$5,476$4,459$1,960
19 years$9,219$7,542$6,128$4,948$3,975$1,651
20 years$8,667$7,009$5,624$4,482$3,550$1,393
21 years$8,167$6,528$5,173$4,067$3,177$1,176
22 years$7,714$6,094$4,767$3,698$2,848$994
23 years$7,300$5,699$4,402$3,368$2,556$841
24 years$6,922$5,340$4,071$3,072$2,298$712
25 years$6,574$5,011$3,771$2,805$2,068$603
26 years$6,254$4,710$3,497$2,565$1,862$511
27 years$5,958$4,433$3,247$2,348$1,679$433
28 years$5,683$4,177$3,019$2,151$1,515$367
29 years$5,428$3,940$2,809$1,973$1,368$312
30 years$5,191$3,721$2,617$1,810$1,236$264
31 years$4,969$3,518$2,439$1,663$1,118$224
32 years$4,761$3,328$2,276$1,528$1,011$191
33 years$4,567$3,152$2,125$1,405$915$162
34 years$4,384$2,988$1,986$1,293$828$137
35 years$4,212$2,834$1,856$1,190$750$117
36 years$4,050$2,690$1,737$1,096$680$99
37 years$3,897$2,554$1,625$1,010$616$84
38 years$3,753$2,428$1,522$931$559$71
39 years$3,616$2,308$1,426$858$507$61
40 years$3,486$2,196$1,337$792$459$52
41 years$3,363$2,091$1,253$730$417$44
42 years$3,247$1,991$1,176$674$378$37
43 years$3,135$1,897$1,103$622$343$32
44 years$3,030$1,808$1,036$575$312$27
45 years$2,929$1,724$972$531$283$23
46 years$2,833$1,645$913$490$257$19
47 years$2,741$1,570$858$453$233$16
48 years$2,654$1,499$806$418$212$14
49 years$2,570$1,431$758$387$192$12
50 years$2,490$1,367$713$357$175$10

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 $6,118 every year, while hoping to spend $22,246 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: 64/20/16 Blend
50$2,550,000$2,550,000$2,550,000$2,550,000
51$2,816,411$2,681,261$2,641,736$2,985,216
52$3,080,015$2,788,973$2,706,564$3,206,861
53$3,369,761$2,901,217$2,772,819$3,445,778
54$3,688,293$3,018,193$2,840,524$3,706,231
55$4,038,521$3,140,107$2,909,704$3,990,321
56$4,423,654$3,267,176$2,980,384$4,300,360
57$4,847,227$3,399,628$3,052,586$4,638,893
58$5,313,134$3,537,699$3,126,338$5,008,721
59$5,825,665$3,681,638$3,201,661$5,412,925
60$6,389,548$3,831,703$3,278,582$5,854,898
61$7,009,991$3,988,166$3,357,124$6,338,375
62$7,692,734$4,151,310$3,437,311$6,867,466
63$8,444,100$4,321,431$3,519,168$7,446,699
64$9,271,056$4,498,839$3,602,719$8,081,055
65$10,181,281$4,683,859$3,687,986$8,776,022
66$11,183,232$4,876,829$3,774,995$9,537,641
67$12,286,232$5,078,103$3,863,767$10,372,564
68$13,500,550$5,288,053$3,954,325$11,288,116
69$14,837,504$5,507,065$4,046,693$12,292,364
70$16,309,564$5,735,546$4,140,892$13,394,192
71$17,930,471$5,973,920$4,236,944$14,603,384
72$19,715,367$6,222,629$4,334,869$15,930,716
73$21,680,935$6,482,139$4,434,688$17,388,055
74$23,845,562$6,752,935$4,536,421$18,988,473
75$26,229,505$7,035,525$4,640,087$20,746,369
76$28,855,089$7,330,440$4,745,705$22,677,601
77$31,746,913$7,638,237$4,853,291$24,799,639
78$34,932,084$7,959,497$4,962,862$27,131,726
79$38,440,473$8,294,828$5,074,434$29,695,059
80$42,304,995$8,644,868$5,188,021$32,512,988
81$46,561,921$9,010,283$5,303,637$35,611,238
82$51,251,221$9,391,771$5,421,292$39,018,147
83$56,416,938$9,790,061$5,540,999$42,764,933
84$62,107,610$10,205,918$5,662,766$46,885,988
85$68,376,718$10,640,140$5,786,601$51,419,203
86$75,283,200$11,093,564$5,912,509$56,406,323
87$82,892,003$11,567,065$6,040,495$61,893,336
88$91,274,697$12,061,561$6,170,561$67,930,913
89$100,510,148$12,578,009$6,302,706$74,574,877
90$110,685,266$13,117,415$6,436,930$81,886,736
91$121,895,824$13,680,828$6,573,228$89,934,255
92$134,247,359$14,269,350$6,711,592$98,792,099
93$147,856,173$14,884,132$6,852,014$108,542,532
94$162,850,426$15,526,378$6,994,480$119,276,194
95$179,371,351$16,197,352$7,138,976$131,092,957
96$197,574,581$16,898,374$7,285,484$144,102,859
97$217,631,621$17,630,828$7,433,981$158,427,148
98$239,731,470$18,396,161$7,584,443$174,199,419
99$264,082,398$19,195,891$7,736,839$191,566,874
100$290,913,917$20,031,605$7,891,138$210,691,714