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%12.3%
1 years$213,054$211,156$209,305$207,497$205,733$203,754
2 years$105,472$103,508$101,604$99,758$97,968$95,975
3 years$69,616$67,644$65,745$63,916$62,155$60,209
4 years$51,692$49,725$47,845$46,048$44,329$42,445
5 years$40,940$38,985$37,130$35,369$33,699$31,882
6 years$33,775$31,834$30,006$28,285$26,664$24,918
7 years$28,658$26,734$24,936$23,255$21,685$20,010
8 years$24,823$22,916$21,147$19,508$17,990$16,385
9 years$21,841$19,953$18,214$16,616$15,150$13,616
10 years$19,457$17,587$15,880$14,323$12,909$11,443
11 years$17,508$15,657$13,980$12,466$11,102$9,705
12 years$15,885$14,053$12,407$10,934$9,621$8,290
13 years$14,513$12,700$11,085$9,653$8,389$7,124
14 years$13,338$11,544$9,960$8,569$7,354$6,152
15 years$12,320$10,545$8,992$7,642$6,475$5,335
16 years$11,430$9,675$8,153$6,843$5,723$4,642
17 years$10,646$8,910$7,419$6,148$5,074$4,052
18 years$9,950$8,234$6,772$5,541$4,512$3,545
19 years$9,328$7,631$6,200$5,006$4,021$3,109
20 years$8,769$7,091$5,690$4,534$3,592$2,731
21 years$8,263$6,605$5,234$4,115$3,214$2,403
22 years$7,804$6,166$4,824$3,742$2,881$2,118
23 years$7,386$5,766$4,454$3,408$2,586$1,869
24 years$7,003$5,403$4,119$3,108$2,325$1,650
25 years$6,652$5,070$3,815$2,838$2,092$1,459
26 years$6,328$4,765$3,538$2,595$1,884$1,291
27 years$6,028$4,485$3,285$2,375$1,699$1,143
28 years$5,750$4,226$3,054$2,176$1,533$1,013
29 years$5,492$3,987$2,842$1,996$1,384$898
30 years$5,252$3,765$2,647$1,832$1,251$797
31 years$5,027$3,559$2,468$1,682$1,131$707
32 years$4,817$3,368$2,303$1,546$1,023$627
33 years$4,620$3,189$2,150$1,422$926$557
34 years$4,436$3,023$2,009$1,308$838$495
35 years$4,262$2,867$1,878$1,204$759$440
36 years$4,098$2,721$1,757$1,109$688$391
37 years$3,943$2,584$1,645$1,022$623$347
38 years$3,797$2,456$1,540$942$565$309
39 years$3,658$2,336$1,443$868$512$275
40 years$3,527$2,222$1,352$801$465$244
41 years$3,403$2,115$1,268$739$422$217
42 years$3,285$2,014$1,190$682$383$193
43 years$3,172$1,919$1,116$630$347$172
44 years$3,065$1,830$1,048$581$315$153
45 years$2,963$1,745$984$537$286$136
46 years$2,866$1,664$924$496$260$121
47 years$2,774$1,588$868$458$236$108
48 years$2,685$1,516$816$423$214$96
49 years$2,600$1,448$767$391$195$85
50 years$2,519$1,383$721$362$177$76

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 $6,680 every year, while hoping to spend $27,337 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: 46/27/27 Blend
50$2,580,000$2,580,000$2,580,000$2,580,000
51$2,850,050$2,713,310$2,673,320$2,958,738
52$3,111,669$2,817,176$2,733,790$3,140,139
53$3,399,057$2,925,215$2,795,370$3,333,669
54$3,714,813$3,037,603$2,858,067$3,543,124
55$4,061,801$3,154,523$2,921,890$3,770,012
56$4,443,177$3,276,167$2,986,845$4,015,987
57$4,862,416$3,402,734$3,052,939$4,282,870
58$5,323,347$3,534,432$3,120,177$4,572,663
59$5,830,190$3,671,481$3,188,564$4,887,567
60$6,387,592$3,814,106$3,258,104$5,230,004
61$7,000,675$3,962,546$3,328,799$5,602,639
62$7,675,081$4,117,048$3,400,651$6,008,403
63$8,417,027$4,277,871$3,473,661$6,450,520
64$9,233,363$4,445,286$3,547,828$6,932,539
65$10,131,636$4,619,575$3,623,150$7,458,365
66$11,120,162$4,801,033$3,699,624$8,032,298
67$12,208,103$4,989,968$3,777,246$8,659,067
68$13,405,555$5,186,702$3,856,009$9,343,879
69$14,723,642$5,391,571$3,935,906$10,092,468
70$16,174,621$5,604,926$4,016,927$10,911,143
71$17,772,000$5,827,135$4,099,061$11,806,852
72$19,530,659$6,058,580$4,182,295$12,787,244
73$21,466,998$6,299,662$4,266,614$13,860,741
74$23,599,086$6,550,799$4,351,999$15,036,617
75$25,946,835$6,812,430$4,438,433$16,325,084
76$28,532,184$7,085,011$4,525,893$17,737,387
77$31,379,310$7,369,020$4,614,353$19,285,909
78$34,514,853$7,664,956$4,703,788$20,984,291
79$37,968,170$7,973,340$4,794,166$22,847,552
80$41,771,608$8,294,719$4,885,456$24,892,235
81$45,960,813$8,629,661$4,977,620$27,136,562
82$50,575,065$8,978,764$5,070,620$29,600,602
83$55,657,648$9,342,650$5,164,411$32,306,461
84$61,256,258$9,721,969$5,258,949$35,278,489
85$67,423,455$10,117,404$5,354,182$38,543,508
86$74,217,155$10,529,665$5,450,055$42,131,065
87$81,701,183$10,959,497$5,546,510$46,073,707
88$89,945,870$11,407,678$5,643,484$50,407,290
89$99,028,715$11,875,021$5,740,908$55,171,311
90$109,035,125$12,362,378$5,838,709$60,409,285
91$120,059,211$12,870,638$5,936,809$66,169,149
92$132,204,683$13,400,731$6,035,125$72,503,717
93$145,585,825$13,953,632$6,133,566$79,471,172
94$160,328,576$14,530,356$6,232,037$87,135,617
95$176,571,717$15,131,970$6,330,436$95,567,677
96$194,468,182$15,759,586$6,428,655$104,845,160
97$214,186,499$16,414,369$6,526,578$115,053,797
98$235,912,386$17,097,536$6,624,082$126,288,041
99$259,850,497$17,810,364$6,721,037$138,651,961
100$286,226,360$18,554,183$6,817,304$152,260,221