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%16.1%
1 years$213,054$211,156$209,305$207,497$205,733$200,596
2 years$105,472$103,508$101,604$99,758$97,968$92,826
3 years$69,616$67,644$65,745$63,916$62,155$57,168
4 years$51,692$49,725$47,845$46,048$44,329$39,535
5 years$40,940$38,985$37,130$35,369$33,699$29,111
6 years$33,775$31,834$30,006$28,285$26,664$22,288
7 years$28,658$26,734$24,936$23,255$21,685$17,521
8 years$24,823$22,916$21,147$19,508$17,990$14,035
9 years$21,841$19,953$18,214$16,616$15,150$11,402
10 years$19,457$17,587$15,880$14,323$12,909$9,362
11 years$17,508$15,657$13,980$12,466$11,102$7,752
12 years$15,885$14,053$12,407$10,934$9,621$6,462
13 years$14,513$12,700$11,085$9,653$8,389$5,416
14 years$13,338$11,544$9,960$8,569$7,354$4,559
15 years$12,320$10,545$8,992$7,642$6,475$3,851
16 years$11,430$9,675$8,153$6,843$5,723$3,263
17 years$10,646$8,910$7,419$6,148$5,074$2,772
18 years$9,950$8,234$6,772$5,541$4,512$2,359
19 years$9,328$7,631$6,200$5,006$4,021$2,012
20 years$8,769$7,091$5,690$4,534$3,592$1,718
21 years$8,263$6,605$5,234$4,115$3,214$1,469
22 years$7,804$6,166$4,824$3,742$2,881$1,257
23 years$7,386$5,766$4,454$3,408$2,586$1,077
24 years$7,003$5,403$4,119$3,108$2,325$923
25 years$6,652$5,070$3,815$2,838$2,092$792
26 years$6,328$4,765$3,538$2,595$1,884$680
27 years$6,028$4,485$3,285$2,375$1,699$584
28 years$5,750$4,226$3,054$2,176$1,533$502
29 years$5,492$3,987$2,842$1,996$1,384$431
30 years$5,252$3,765$2,647$1,832$1,251$371
31 years$5,027$3,559$2,468$1,682$1,131$319
32 years$4,817$3,368$2,303$1,546$1,023$274
33 years$4,620$3,189$2,150$1,422$926$236
34 years$4,436$3,023$2,009$1,308$838$203
35 years$4,262$2,867$1,878$1,204$759$175
36 years$4,098$2,721$1,757$1,109$688$150
37 years$3,943$2,584$1,645$1,022$623$129
38 years$3,797$2,456$1,540$942$565$111
39 years$3,658$2,336$1,443$868$512$96
40 years$3,527$2,222$1,352$801$465$83
41 years$3,403$2,115$1,268$739$422$71
42 years$3,285$2,014$1,190$682$383$61
43 years$3,172$1,919$1,116$630$347$53
44 years$3,065$1,830$1,048$581$315$45
45 years$2,963$1,745$984$537$286$39
46 years$2,866$1,664$924$496$260$34
47 years$2,774$1,588$868$458$236$29
48 years$2,685$1,516$816$423$214$25
49 years$2,600$1,448$767$391$195$22
50 years$2,519$1,383$721$362$177$19

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 $4,945 every year, while hoping to spend $32,979 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: 40/38/22 Blend
50$2,580,000$2,580,000$2,580,000$2,580,000
51$2,848,261$2,711,521$2,671,531$2,943,465
52$3,103,694$2,809,296$2,725,938$3,110,090
53$3,384,076$2,910,757$2,781,062$3,286,734
54$3,691,917$3,016,049$2,836,893$3,477,172
55$4,029,982$3,125,324$2,893,418$3,682,681
56$4,401,316$3,238,741$2,950,623$3,904,663
57$4,809,275$3,356,464$3,008,494$4,144,660
58$5,257,555$3,478,665$3,067,012$4,404,365
59$5,750,228$3,605,522$3,126,160$4,685,640
60$6,291,780$3,737,222$3,185,915$4,990,533
61$6,887,155$3,873,959$3,246,256$5,321,295
62$7,541,796$4,015,934$3,307,157$5,680,399
63$8,261,703$4,163,359$3,368,591$6,070,570
64$9,053,487$4,316,453$3,430,529$6,494,801
65$9,924,428$4,475,446$3,492,937$6,956,387
66$10,882,552$4,640,574$3,555,782$7,458,950
67$11,936,697$4,812,088$3,619,027$8,006,480
68$13,096,606$4,990,245$3,682,629$8,603,364
69$14,373,009$5,175,317$3,746,547$9,254,430
70$15,777,733$5,367,585$3,810,734$9,964,994
71$17,323,808$5,567,342$3,875,139$10,740,903
72$19,025,589$5,774,895$3,939,709$11,588,598
73$20,898,897$5,990,562$4,004,387$12,515,164
74$22,961,162$6,214,678$4,069,112$13,528,406
75$25,231,591$6,447,588$4,133,818$14,636,912
76$27,731,349$6,689,655$4,198,436$15,850,141
77$30,483,755$6,941,256$4,262,892$17,178,505
78$33,514,506$7,202,786$4,327,107$18,633,473
79$36,851,919$7,474,655$4,390,998$20,227,669
80$40,527,194$7,757,293$4,454,476$21,974,998
81$44,574,713$8,051,145$4,517,446$23,890,773
82$49,032,362$8,356,679$4,579,808$25,991,858
83$53,941,888$8,674,382$4,641,457$28,296,824
84$59,349,295$9,004,761$4,702,281$30,826,127
85$65,305,276$9,348,347$4,762,160$33,602,298
86$71,865,691$9,705,693$4,820,969$36,650,151
87$79,092,095$10,077,376$4,878,575$39,997,020
88$87,052,320$10,463,999$4,934,839$43,673,014
89$95,821,112$10,866,190$4,989,611$47,711,298
90$105,480,838$11,284,607$5,042,736$52,148,406
91$116,122,265$11,719,934$5,094,049$57,024,584
92$127,845,413$12,172,887$5,143,376$62,384,167
93$140,760,500$12,644,213$5,190,534$68,275,995
94$154,988,983$13,134,692$5,235,330$74,753,874
95$170,664,706$13,645,138$5,277,560$81,877,080
96$187,935,158$14,176,402$5,317,010$89,710,917
97$206,962,870$14,729,372$5,353,455$98,327,333
98$227,926,945$15,304,974$5,386,659$107,805,591
99$251,024,753$15,904,177$5,416,372$118,233,023
100$276,473,789$16,527,993$5,442,331$129,705,843