Can I retire at age 51 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$212,228$210,338$208,493$206,693$204,935$196,882
2 years$105,063$103,107$101,210$99,372$97,588$89,573
3 years$69,347$67,381$65,490$63,668$61,914$54,190
4 years$51,492$49,532$47,660$45,870$44,158$36,783
5 years$40,781$38,834$36,986$35,232$33,568$26,561
6 years$33,644$31,711$29,890$28,175$26,561$19,927
7 years$28,547$26,631$24,839$23,165$21,601$15,338
8 years$24,727$22,828$21,065$19,432$17,920$12,021
9 years$21,757$19,875$18,144$16,552$15,092$9,548
10 years$19,382$17,519$15,818$14,268$12,859$7,660
11 years$17,440$15,596$13,926$12,417$11,059$6,193
12 years$15,824$13,998$12,359$10,892$9,583$5,037
13 years$14,457$12,650$11,042$9,616$8,357$4,117
14 years$13,286$11,499$9,921$8,536$7,326$3,377
15 years$12,272$10,505$8,957$7,612$6,450$2,779
16 years$11,386$9,638$8,121$6,816$5,701$2,293
17 years$10,605$8,876$7,390$6,124$5,055$1,896
18 years$9,912$8,202$6,746$5,519$4,494$1,570
19 years$9,292$7,601$6,176$4,987$4,006$1,302
20 years$8,735$7,064$5,668$4,517$3,578$1,080
21 years$8,231$6,579$5,213$4,099$3,202$898
22 years$7,774$6,142$4,805$3,727$2,870$747
23 years$7,358$5,744$4,436$3,394$2,576$621
24 years$6,976$5,382$4,103$3,096$2,316$517
25 years$6,626$5,051$3,800$2,827$2,084$431
26 years$6,303$4,747$3,524$2,585$1,877$359
27 years$6,005$4,467$3,273$2,366$1,692$299
28 years$5,728$4,209$3,042$2,168$1,527$249
29 years$5,471$3,971$2,831$1,988$1,379$208
30 years$5,231$3,750$2,637$1,825$1,246$173
31 years$5,008$3,545$2,459$1,676$1,126$145
32 years$4,799$3,355$2,294$1,540$1,019$121
33 years$4,602$3,177$2,142$1,416$922$101
34 years$4,418$3,011$2,001$1,303$835$84
35 years$4,245$2,856$1,871$1,199$756$70
36 years$4,082$2,711$1,750$1,105$685$58
37 years$3,928$2,574$1,638$1,018$621$49
38 years$3,782$2,447$1,534$938$563$41
39 years$3,644$2,327$1,437$865$510$34
40 years$3,514$2,213$1,347$798$463$28
41 years$3,390$2,107$1,263$736$420$24
42 years$3,272$2,007$1,185$679$381$20
43 years$3,160$1,912$1,112$627$346$16
44 years$3,054$1,822$1,044$579$314$14
45 years$2,952$1,738$980$535$285$11
46 years$2,855$1,658$920$494$259$10
47 years$2,763$1,582$865$456$235$8
48 years$2,674$1,510$813$422$213$7
49 years$2,590$1,442$764$390$194$6
50 years$2,509$1,378$718$360$176$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,570,000, adding $4,731 every year, while hoping to spend $28,585 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: 58/31/11 Blend
50$2,570,000$2,570,000$2,570,000$2,570,000
51$2,837,020$2,700,810$2,660,975$2,993,718
52$3,095,982$2,802,735$2,719,703$3,201,812
53$3,380,400$2,908,697$2,779,441$3,424,924
54$3,692,840$3,018,863$2,840,192$3,667,432
55$4,036,130$3,133,407$2,901,959$3,931,199
56$4,413,384$3,252,513$2,964,743$4,218,277
57$4,828,033$3,376,370$3,028,546$4,530,919
58$5,283,858$3,505,178$3,093,368$4,871,608
59$5,785,023$3,639,143$3,159,207$5,243,071
60$6,336,116$3,778,482$3,226,061$5,648,313
61$6,942,193$3,923,421$3,293,927$6,090,637
62$7,608,823$4,074,195$3,362,801$6,573,679
63$8,342,143$4,231,051$3,432,675$7,101,442
64$9,148,915$4,394,245$3,503,542$7,678,329
65$10,036,587$4,564,046$3,575,393$8,309,187
66$11,013,368$4,740,733$3,648,218$8,999,354
67$12,088,301$4,924,599$3,722,003$9,754,704
68$13,271,352$5,115,948$3,796,735$10,581,703
69$14,573,501$5,315,100$3,872,396$11,487,471
70$16,006,845$5,522,388$3,948,969$12,479,847
71$17,584,717$5,738,158$4,026,433$13,567,463
72$19,321,804$5,962,774$4,104,764$14,759,822
73$21,234,293$6,196,615$4,183,939$16,067,391
74$23,340,018$6,440,076$4,263,928$17,501,695
75$25,658,632$6,693,572$4,344,701$19,075,425
76$28,211,789$6,957,534$4,426,226$20,802,559
77$31,023,352$7,232,413$4,508,464$22,698,492
78$34,119,613$7,518,681$4,591,377$24,780,178
79$37,529,547$7,816,830$4,674,922$27,066,292
80$41,285,082$8,127,375$4,759,053$29,577,403
81$45,421,398$8,450,854$4,843,718$32,336,166
82$49,977,263$8,787,828$4,928,865$35,367,537
83$54,995,396$9,138,885$5,014,436$38,699,005
84$60,522,874$9,504,638$5,100,367$42,360,852
85$66,611,570$9,885,728$5,186,592$46,386,433
86$73,318,647$10,282,825$5,273,039$50,812,497
87$80,707,096$10,696,630$5,359,633$55,679,522
88$88,846,330$11,127,875$5,446,290$61,032,104
89$97,812,839$11,577,325$5,532,925$66,919,372
90$107,690,915$12,045,780$5,619,444$73,395,451
91$118,573,440$12,534,075$5,705,748$80,519,969
92$130,562,772$13,043,086$5,791,731$88,358,622
93$143,771,704$13,573,726$5,877,283$96,983,786
94$158,324,529$14,126,950$5,962,284$106,475,203
95$174,358,219$14,703,758$6,046,607$116,920,729
96$192,023,709$15,305,194$6,130,121$128,417,162
97$211,487,329$15,932,350$6,212,681$141,071,153
98$232,932,370$16,586,369$6,294,140$155,000,209
99$256,560,815$17,268,445$6,374,337$170,333,799
100$282,595,246$17,979,827$6,453,105$187,214,576