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

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$211,402$209,519$207,682$205,889$204,138$202,682
2 years$104,655$102,706$100,817$98,985$97,209$95,740
3 years$69,077$67,119$65,235$63,421$61,673$60,238
4 years$51,291$49,340$47,474$45,691$43,986$42,595
5 years$40,623$38,683$36,842$35,095$33,437$32,095
6 years$33,513$31,588$29,774$28,066$26,458$25,165
7 years$28,436$26,527$24,742$23,074$21,517$20,276
8 years$24,630$22,739$20,983$19,357$17,851$16,660
9 years$21,672$19,798$18,073$16,488$15,033$13,893
10 years$19,307$17,451$15,756$14,212$12,809$11,718
11 years$17,373$15,536$13,872$12,369$11,016$9,975
12 years$15,762$13,944$12,311$10,849$9,546$8,553
13 years$14,400$12,601$10,999$9,578$8,324$7,378
14 years$13,234$11,454$9,883$8,503$7,297$6,397
15 years$12,224$10,464$8,923$7,583$6,425$5,570
16 years$11,342$9,600$8,090$6,790$5,678$4,866
17 years$10,564$8,841$7,361$6,100$5,035$4,265
18 years$9,873$8,170$6,720$5,498$4,477$3,748
19 years$9,256$7,572$6,152$4,968$3,990$3,301
20 years$8,701$7,036$5,646$4,499$3,564$2,912
21 years$8,199$6,554$5,193$4,083$3,190$2,574
22 years$7,744$6,118$4,786$3,713$2,859$2,279
23 years$7,329$5,722$4,419$3,381$2,566$2,020
24 years$6,949$5,361$4,087$3,084$2,307$1,792
25 years$6,600$5,031$3,785$2,816$2,076$1,592
26 years$6,278$4,728$3,511$2,575$1,870$1,415
27 years$5,981$4,450$3,260$2,357$1,686$1,259
28 years$5,706$4,193$3,031$2,160$1,521$1,121
29 years$5,450$3,956$2,820$1,980$1,373$999
30 years$5,211$3,736$2,627$1,817$1,241$890
31 years$4,988$3,532$2,449$1,669$1,122$794
32 years$4,780$3,342$2,285$1,534$1,015$708
33 years$4,585$3,164$2,134$1,411$918$632
34 years$4,401$2,999$1,993$1,298$832$564
35 years$4,229$2,845$1,864$1,195$753$504
36 years$4,066$2,700$1,743$1,100$682$450
37 years$3,912$2,564$1,632$1,014$619$402
38 years$3,767$2,437$1,528$935$561$359
39 years$3,630$2,317$1,432$862$509$321
40 years$3,500$2,205$1,342$795$461$287
41 years$3,376$2,099$1,258$733$418$257
42 years$3,259$1,999$1,180$677$380$230
43 years$3,148$1,905$1,108$625$345$205
44 years$3,042$1,815$1,040$577$313$184
45 years$2,941$1,731$976$533$284$164
46 years$2,844$1,651$917$492$258$147
47 years$2,752$1,576$861$455$234$131
48 years$2,664$1,504$809$420$213$118
49 years$2,580$1,437$761$388$193$105
50 years$2,499$1,372$715$359$175$94

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 $5,994 every year, while hoping to spend $43,119 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: 44/39/17 Blend
50$2,560,000$2,560,000$2,560,000$2,560,000
51$2,827,303$2,691,623$2,651,943$2,937,575
52$3,069,809$2,777,634$2,694,905$3,101,525
53$3,335,607$2,866,415$2,737,860$3,274,374
54$3,627,024$2,958,055$2,780,765$3,460,809
55$3,946,629$3,052,648$2,823,568$3,662,106
56$4,297,247$3,150,290$2,866,220$3,879,664
57$4,681,993$3,251,080$2,908,665$4,115,025
58$5,104,294$3,355,121$2,950,843$4,369,883
59$5,567,930$3,462,520$2,992,694$4,646,103
60$6,077,061$3,573,386$3,034,152$4,945,736
61$6,636,272$3,687,832$3,075,146$5,271,038
62$7,250,611$3,805,975$3,115,603$5,624,494
63$7,925,642$3,927,937$3,155,445$6,008,836
64$8,667,494$4,053,842$3,194,588$6,427,073
65$9,482,918$4,183,820$3,232,947$6,882,517
66$10,379,352$4,318,004$3,270,427$7,378,812
67$11,364,992$4,456,531$3,306,932$7,919,971
68$12,448,865$4,599,546$3,342,359$8,510,413
69$13,640,920$4,747,195$3,376,599$9,155,002
70$14,952,116$4,899,629$3,409,537$9,859,095
71$16,394,529$5,057,008$3,441,053$10,628,591
72$17,981,463$5,219,493$3,471,020$11,469,984
73$19,727,576$5,387,253$3,499,304$12,390,428
74$21,649,021$5,560,460$3,525,763$13,397,802
75$23,763,595$5,739,296$3,550,249$14,500,781
76$26,090,906$5,923,946$3,572,607$15,708,923
77$28,652,560$6,114,601$3,592,671$17,032,754
78$31,472,365$6,311,461$3,610,269$18,483,869
79$34,576,554$6,514,730$3,625,221$20,075,040
80$37,994,031$6,724,620$3,637,334$21,820,335
81$41,756,646$6,941,351$3,646,409$23,735,253
82$45,899,496$7,165,149$3,652,236$25,836,868
83$50,461,253$7,396,249$3,654,593$28,143,987
84$55,484,528$7,634,893$3,653,250$30,677,332
85$61,016,279$7,881,332$3,647,963$33,459,731
86$67,108,247$8,135,825$3,638,478$36,516,333
87$73,817,448$8,398,639$3,624,526$39,874,848
88$81,206,708$8,670,053$3,605,828$43,565,804
89$89,345,258$8,950,352$3,582,089$47,622,834
90$98,309,388$9,239,833$3,553,003$52,082,998
91$108,183,163$9,538,802$3,518,246$56,987,126
92$119,059,219$9,847,576$3,477,480$62,380,206
93$131,039,636$10,166,484$3,430,352$68,311,807
94$144,236,901$10,495,864$3,376,492$74,836,546
95$158,774,971$10,836,067$3,315,510$82,014,602
96$174,790,440$11,187,457$3,247,001$89,912,285
97$192,433,830$11,550,407$3,170,541$98,602,659
98$211,871,011$11,925,307$3,085,685$108,166,232
99$233,284,765$12,312,559$2,991,967$118,691,716
100$256,876,515$12,712,578$2,888,901$130,276,859