Can I retire at age 51 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$213,054$211,156$209,305$207,497$205,733$201,992
2 years$105,472$103,508$101,604$99,758$97,968$94,213
3 years$69,616$67,644$65,745$63,916$62,155$58,502
4 years$51,692$49,725$47,845$46,048$44,329$40,807
5 years$40,940$38,985$37,130$35,369$33,699$30,317
6 years$33,775$31,834$30,006$28,285$26,664$23,427
7 years$28,658$26,734$24,936$23,255$21,685$18,593
8 years$24,823$22,916$21,147$19,508$17,990$15,042
9 years$21,841$19,953$18,214$16,616$15,150$12,345
10 years$19,457$17,587$15,880$14,323$12,909$10,244
11 years$17,508$15,657$13,980$12,466$11,102$8,575
12 years$15,885$14,053$12,407$10,934$9,621$7,227
13 years$14,513$12,700$11,085$9,653$8,389$6,126
14 years$13,338$11,544$9,960$8,569$7,354$5,216
15 years$12,320$10,545$8,992$7,642$6,475$4,459
16 years$11,430$9,675$8,153$6,843$5,723$3,824
17 years$10,646$8,910$7,419$6,148$5,074$3,288
18 years$9,950$8,234$6,772$5,541$4,512$2,834
19 years$9,328$7,631$6,200$5,006$4,021$2,447
20 years$8,769$7,091$5,690$4,534$3,592$2,117
21 years$8,263$6,605$5,234$4,115$3,214$1,834
22 years$7,804$6,166$4,824$3,742$2,881$1,590
23 years$7,386$5,766$4,454$3,408$2,586$1,381
24 years$7,003$5,403$4,119$3,108$2,325$1,200
25 years$6,652$5,070$3,815$2,838$2,092$1,043
26 years$6,328$4,765$3,538$2,595$1,884$908
27 years$6,028$4,485$3,285$2,375$1,699$790
28 years$5,750$4,226$3,054$2,176$1,533$689
29 years$5,492$3,987$2,842$1,996$1,384$600
30 years$5,252$3,765$2,647$1,832$1,251$523
31 years$5,027$3,559$2,468$1,682$1,131$456
32 years$4,817$3,368$2,303$1,546$1,023$398
33 years$4,620$3,189$2,150$1,422$926$347
34 years$4,436$3,023$2,009$1,308$838$303
35 years$4,262$2,867$1,878$1,204$759$265
36 years$4,098$2,721$1,757$1,109$688$231
37 years$3,943$2,584$1,645$1,022$623$202
38 years$3,797$2,456$1,540$942$565$176
39 years$3,658$2,336$1,443$868$512$154
40 years$3,527$2,222$1,352$801$465$134
41 years$3,403$2,115$1,268$739$422$117
42 years$3,285$2,014$1,190$682$383$103
43 years$3,172$1,919$1,116$630$347$90
44 years$3,065$1,830$1,048$581$315$78
45 years$2,963$1,745$984$537$286$68
46 years$2,866$1,664$924$496$260$60
47 years$2,774$1,588$868$458$236$52
48 years$2,685$1,516$816$423$214$46
49 years$2,600$1,448$767$391$195$40
50 years$2,519$1,383$721$362$177$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,580,000, adding $5,715 every year, while hoping to spend $51,128 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: 60/25/15 Blend
50$2,580,000$2,580,000$2,580,000$2,580,000
51$2,849,055$2,712,315$2,672,325$3,008,914
52$3,085,259$2,790,819$2,707,448$3,195,857
53$3,343,842$2,871,455$2,742,034$3,393,475
54$3,627,033$2,954,276$2,776,011$3,607,846
55$3,937,286$3,039,331$2,809,304$3,840,596
56$4,277,304$3,126,673$2,841,830$4,093,511
57$4,650,064$3,216,356$2,873,507$4,368,562
58$5,058,845$3,308,431$2,904,244$4,667,917
59$5,507,257$3,402,954$2,933,946$4,993,962
60$5,999,279$3,499,980$2,962,514$5,349,328
61$6,539,290$3,599,564$2,989,843$5,736,908
62$7,132,117$3,701,762$3,015,822$6,159,892
63$7,783,076$3,806,631$3,040,335$6,621,791
64$8,498,022$3,914,229$3,063,259$7,126,474
65$9,283,407$4,024,612$3,084,464$7,678,201
66$10,146,336$4,137,840$3,103,816$8,281,665
67$11,094,639$4,253,971$3,121,170$8,942,036
68$12,136,940$4,373,063$3,136,377$9,665,009
69$13,282,741$4,495,177$3,149,279$10,456,858
70$14,542,510$4,620,370$3,159,710$11,324,495
71$15,927,782$4,748,704$3,167,496$12,275,533
72$17,451,262$4,880,236$3,172,453$13,318,364
73$19,126,950$5,015,028$3,174,390$14,462,229
74$20,970,272$5,153,138$3,173,105$15,717,311
75$22,998,223$5,294,624$3,168,387$17,094,832
76$25,229,528$5,439,547$3,160,014$18,607,153
77$27,684,819$5,587,963$3,147,753$20,267,895
78$30,386,828$5,739,931$3,131,361$22,092,068
79$33,360,604$5,895,508$3,110,582$24,096,209
80$36,633,747$6,054,749$3,085,147$26,298,540
81$40,236,666$6,217,709$3,054,777$28,719,139
82$44,202,871$6,384,442$3,019,177$31,380,131
83$48,569,284$6,554,999$2,978,039$34,305,895
84$53,376,590$6,729,433$2,931,042$37,523,297
85$58,669,617$6,907,790$2,877,847$41,061,937
86$64,497,765$7,090,119$2,818,102$44,954,436
87$70,915,465$7,276,462$2,751,436$49,236,739
88$77,982,696$7,466,863$2,677,463$53,948,456
89$85,765,552$7,661,360$2,595,779$59,133,234
90$94,336,860$7,859,989$2,505,960$64,839,173
91$103,776,873$8,062,782$2,407,563$71,119,275
92$114,174,024$8,269,768$2,300,126$78,031,949
93$125,625,759$8,480,971$2,183,165$85,641,557
94$138,239,460$8,696,412$2,056,174$94,019,028
95$152,133,454$8,916,105$1,918,625$103,242,523
96$167,438,134$9,140,061$1,769,966$113,398,174
97$184,297,182$9,368,284$1,609,619$124,580,897
98$202,868,936$9,600,770$1,436,982$136,895,290
99$223,327,871$9,837,512$1,251,425$150,456,617
100$245,866,257$10,078,493$1,052,290$165,391,902