Can I retire at age 51 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$211,402$209,519$207,682$205,889$204,138$199,609
2 years$104,655$102,706$100,817$98,985$97,209$92,669
3 years$69,077$67,119$65,235$63,421$61,673$57,265
4 years$51,291$49,340$47,474$45,691$43,986$39,743
5 years$40,623$38,683$36,842$35,095$33,437$29,372
6 years$33,513$31,588$29,774$28,066$26,458$22,574
7 years$28,436$26,527$24,742$23,074$21,517$17,815
8 years$24,630$22,739$20,983$19,357$17,851$14,330
9 years$21,672$19,798$18,073$16,488$15,033$11,690
10 years$19,307$17,451$15,756$14,212$12,809$9,641
11 years$17,373$15,536$13,872$12,369$11,016$8,019
12 years$15,762$13,944$12,311$10,849$9,546$6,715
13 years$14,400$12,601$10,999$9,578$8,324$5,654
14 years$13,234$11,454$9,883$8,503$7,297$4,782
15 years$12,224$10,464$8,923$7,583$6,425$4,060
16 years$11,342$9,600$8,090$6,790$5,678$3,457
17 years$10,564$8,841$7,361$6,100$5,035$2,951
18 years$9,873$8,170$6,720$5,498$4,477$2,525
19 years$9,256$7,572$6,152$4,968$3,990$2,164
20 years$8,701$7,036$5,646$4,499$3,564$1,858
21 years$8,199$6,554$5,193$4,083$3,190$1,597
22 years$7,744$6,118$4,786$3,713$2,859$1,375
23 years$7,329$5,722$4,419$3,381$2,566$1,184
24 years$6,949$5,361$4,087$3,084$2,307$1,021
25 years$6,600$5,031$3,785$2,816$2,076$881
26 years$6,278$4,728$3,511$2,575$1,870$760
27 years$5,981$4,450$3,260$2,357$1,686$657
28 years$5,706$4,193$3,031$2,160$1,521$567
29 years$5,450$3,956$2,820$1,980$1,373$490
30 years$5,211$3,736$2,627$1,817$1,241$424
31 years$4,988$3,532$2,449$1,669$1,122$367
32 years$4,780$3,342$2,285$1,534$1,015$317
33 years$4,585$3,164$2,134$1,411$918$275
34 years$4,401$2,999$1,993$1,298$832$238
35 years$4,229$2,845$1,864$1,195$753$206
36 years$4,066$2,700$1,743$1,100$682$178
37 years$3,912$2,564$1,632$1,014$619$154
38 years$3,767$2,437$1,528$935$561$134
39 years$3,630$2,317$1,432$862$509$116
40 years$3,500$2,205$1,342$795$461$100
41 years$3,376$2,099$1,258$733$418$87
42 years$3,259$1,999$1,180$677$380$75
43 years$3,148$1,905$1,108$625$345$65
44 years$3,042$1,815$1,040$577$313$56
45 years$2,941$1,731$976$533$284$49
46 years$2,844$1,651$917$492$258$42
47 years$2,752$1,576$861$455$234$37
48 years$2,664$1,504$809$420$213$32
49 years$2,580$1,437$761$388$193$28
50 years$2,499$1,372$715$359$175$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,560,000, adding $4,816 every year, while hoping to spend $26,587 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: 77/14/9 Blend
50$2,560,000$2,560,000$2,560,000$2,560,000
51$2,826,088$2,690,408$2,650,728$3,039,280
52$3,086,060$2,793,949$2,711,239$3,283,652
53$3,371,659$2,901,673$2,772,886$3,547,627
54$3,685,470$3,013,757$2,835,679$3,836,291
55$4,030,341$3,130,384$2,899,627$4,152,087
56$4,409,411$3,251,748$2,964,740$4,497,710
57$4,826,137$3,378,051$3,031,026$4,876,123
58$5,284,329$3,509,501$3,098,491$5,290,589
59$5,788,184$3,646,319$3,167,143$5,744,703
60$6,342,324$3,788,734$3,236,988$6,242,423
61$6,951,844$3,936,986$3,308,030$6,788,107
62$7,622,358$4,091,324$3,380,275$7,386,554
63$8,360,049$4,252,009$3,453,725$8,043,052
64$9,171,731$4,419,314$3,528,381$8,763,422
65$10,064,912$4,593,525$3,604,246$9,554,077
66$11,047,863$4,774,938$3,681,319$10,422,080
67$12,129,701$4,963,865$3,759,599$11,375,211
68$13,320,466$5,160,631$3,839,081$12,422,039
69$14,631,226$5,365,574$3,919,763$13,572,003
70$16,074,174$5,579,050$4,001,638$14,835,502
71$17,662,745$5,801,429$4,084,698$16,223,991
72$19,411,744$6,033,098$4,168,935$17,750,087
73$21,337,485$6,274,463$4,254,336$19,427,691
74$23,457,941$6,525,944$4,340,890$21,272,118
75$25,792,921$6,787,986$4,428,580$23,300,238
76$28,364,251$7,061,049$4,517,389$25,530,637
77$31,195,981$7,345,616$4,607,297$27,983,793
78$34,314,612$7,642,192$4,698,283$30,682,266
79$37,749,347$7,951,305$4,790,321$33,650,910
80$41,532,367$8,273,506$4,883,383$36,917,110
81$45,699,132$8,609,371$4,977,439$40,511,038
82$50,288,716$8,959,502$5,072,456$44,465,936
83$55,344,178$9,324,531$5,168,397$48,818,430
84$60,912,967$9,705,116$5,265,221$53,608,875
85$67,047,369$10,101,945$5,362,884$58,881,735
86$73,804,999$10,515,739$5,461,340$64,686,001
87$81,249,350$10,947,252$5,560,536$71,075,656
88$89,450,386$11,397,270$5,660,416$78,110,176
89$98,485,207$11,866,617$5,760,921$85,855,101
90$108,438,772$12,356,155$5,861,986$94,382,641
91$119,404,705$12,866,785$5,963,541$103,772,367
92$131,486,177$13,399,449$6,065,511$114,111,955
93$144,796,877$13,955,133$6,167,816$125,498,012
94$159,462,091$14,534,867$6,270,370$138,036,993
95$175,619,878$15,139,729$6,373,082$151,846,195
96$193,422,379$15,770,849$6,475,853$167,054,874
97$213,037,246$16,429,405$6,578,579$183,805,452
98$234,649,233$17,116,634$6,681,149$202,254,872
99$258,461,931$17,833,825$6,783,443$222,576,069
100$284,699,696$18,582,330$6,885,337$244,959,603