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%18.3%
1 years$210,577$208,701$206,871$205,085$203,341$196,517
2 years$104,246$102,304$100,423$98,598$96,829$90,022
3 years$68,807$66,857$64,980$63,173$61,432$54,855
4 years$51,091$49,147$47,289$45,513$43,814$37,517
5 years$40,464$38,532$36,698$34,958$33,307$27,307
6 years$33,382$31,464$29,658$27,956$26,354$20,656
7 years$28,325$26,424$24,646$22,984$21,433$16,036
8 years$24,534$22,650$20,901$19,281$17,781$12,681
9 years$21,587$19,721$18,002$16,423$14,974$10,165
10 years$19,231$17,383$15,695$14,157$12,759$8,232
11 years$17,305$15,475$13,818$12,321$10,973$6,721
12 years$15,701$13,889$12,263$10,807$9,509$5,522
13 years$14,344$12,552$10,956$9,541$8,292$4,559
14 years$13,183$11,409$9,844$8,469$7,269$3,780
15 years$12,177$10,423$8,888$7,553$6,400$3,144
16 years$11,297$9,563$8,058$6,763$5,656$2,622
17 years$10,522$8,807$7,332$6,077$5,015$2,192
18 years$9,834$8,138$6,694$5,476$4,459$1,835
19 years$9,219$7,542$6,128$4,948$3,975$1,539
20 years$8,667$7,009$5,624$4,482$3,550$1,293
21 years$8,167$6,528$5,173$4,067$3,177$1,087
22 years$7,714$6,094$4,767$3,698$2,848$914
23 years$7,300$5,699$4,402$3,368$2,556$770
24 years$6,922$5,340$4,071$3,072$2,298$649
25 years$6,574$5,011$3,771$2,805$2,068$547
26 years$6,254$4,710$3,497$2,565$1,862$461
27 years$5,958$4,433$3,247$2,348$1,679$389
28 years$5,683$4,177$3,019$2,151$1,515$328
29 years$5,428$3,940$2,809$1,973$1,368$277
30 years$5,191$3,721$2,617$1,810$1,236$234
31 years$4,969$3,518$2,439$1,663$1,118$198
32 years$4,761$3,328$2,276$1,528$1,011$167
33 years$4,567$3,152$2,125$1,405$915$141
34 years$4,384$2,988$1,986$1,293$828$119
35 years$4,212$2,834$1,856$1,190$750$101
36 years$4,050$2,690$1,737$1,096$680$85
37 years$3,897$2,554$1,625$1,010$616$72
38 years$3,753$2,428$1,522$931$559$61
39 years$3,616$2,308$1,426$858$507$51
40 years$3,486$2,196$1,337$792$459$43
41 years$3,363$2,091$1,253$730$417$37
42 years$3,247$1,991$1,176$674$378$31
43 years$3,135$1,897$1,103$622$343$26
44 years$3,030$1,808$1,036$575$312$22
45 years$2,929$1,724$972$531$283$19
46 years$2,833$1,645$913$490$257$16
47 years$2,741$1,570$858$453$233$13
48 years$2,654$1,499$806$418$212$11
49 years$2,570$1,431$758$387$192$10
50 years$2,490$1,367$713$357$175$8

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 $3,681 every year, while hoping to spend $38,158 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: 77/13/10 Blend
50$2,550,000$2,550,000$2,550,000$2,550,000
51$2,813,897$2,678,747$2,639,222$3,025,433
52$3,060,315$2,769,406$2,687,036$3,255,752
53$3,330,588$2,863,228$2,735,173$3,502,972
54$3,627,110$2,960,328$2,783,603$3,772,946
55$3,952,517$3,060,826$2,832,296$4,067,924
56$4,309,711$3,164,844$2,881,215$4,390,382
57$4,701,892$3,272,511$2,930,326$4,743,049
58$5,132,581$3,383,961$2,979,588$5,128,928
59$5,605,661$3,499,331$3,028,961$5,551,326
60$6,125,405$3,618,765$3,078,398$6,013,887
61$6,696,524$3,742,413$3,127,852$6,520,622
62$7,324,207$3,870,429$3,177,273$7,075,951
63$8,014,170$4,002,973$3,226,605$7,684,739
64$8,772,710$4,140,213$3,275,791$8,352,348
65$9,606,766$4,282,323$3,324,769$9,084,683
66$10,523,981$4,429,482$3,373,474$9,888,247
67$11,532,778$4,581,877$3,421,836$10,770,206
68$12,642,435$4,739,704$3,469,782$11,738,453
69$13,863,178$4,903,163$3,517,234$12,801,682
70$15,206,269$5,072,465$3,564,108$13,969,472
71$16,684,120$5,247,828$3,610,318$15,252,376
72$18,310,407$5,429,478$3,655,770$16,662,018
73$20,100,197$5,617,651$3,700,367$18,211,207
74$22,070,093$5,812,592$3,744,005$19,914,052
75$24,238,388$6,014,554$3,786,575$21,786,102
76$26,625,239$6,223,803$3,827,960$23,844,483
77$29,252,857$6,440,613$3,868,040$26,108,068
78$32,145,715$6,665,269$3,906,686$28,597,650
79$35,330,780$6,898,070$3,943,762$31,336,136
80$38,837,767$7,139,322$3,979,126$34,348,770
81$42,699,419$7,389,349$4,012,626$37,663,364
82$46,951,816$7,648,483$4,044,105$41,310,561
83$51,634,714$7,917,072$4,073,396$45,324,129
84$56,791,923$8,195,477$4,100,323$49,741,272
85$62,471,718$8,484,073$4,124,702$54,602,984
86$68,727,292$8,783,252$4,146,339$59,954,439
87$75,617,264$9,093,420$4,165,029$65,845,409
88$83,206,227$9,414,999$4,180,559$72,330,740
89$91,565,357$9,748,429$4,192,703$79,470,866
90$100,773,090$10,094,169$4,201,226$87,332,381
91$110,915,856$10,452,694$4,205,877$95,988,663
92$122,088,897$10,824,499$4,206,398$105,520,571
93$134,397,167$11,210,102$4,202,514$116,017,203
94$147,956,319$11,610,038$4,193,939$127,576,742
95$162,893,799$12,024,866$4,180,372$140,307,374
96$179,350,050$12,455,167$4,161,498$154,328,319
97$197,479,832$12,901,547$4,136,985$169,770,946
98$217,453,688$13,364,637$4,106,488$186,780,017
99$239,459,552$13,845,091$4,069,643$205,515,054
100$263,704,520$14,343,594$4,026,069$226,151,842