Can I retire at age 51 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$213,880$211,975$210,116$208,302$206,530$202,443
2 years$105,881$103,909$101,998$100,145$98,348$94,247
3 years$69,886$67,906$65,999$64,164$62,396$58,410
4 years$51,892$49,918$48,031$46,226$44,501$40,661
5 years$41,099$39,136$37,274$35,506$33,829$30,145
6 years$33,905$31,958$30,123$28,395$26,768$23,244
7 years$28,769$26,838$25,032$23,345$21,769$18,406
8 years$24,919$23,005$21,229$19,583$18,060$14,857
9 years$21,926$20,030$18,285$16,681$15,209$12,164
10 years$19,533$17,656$15,941$14,379$12,959$10,069
11 years$17,576$15,718$14,034$12,514$11,145$8,406
12 years$15,947$14,107$12,455$10,976$9,658$7,067
13 years$14,569$12,749$11,128$9,691$8,422$5,974
14 years$13,389$11,588$9,998$8,602$7,383$5,074
15 years$12,368$10,586$9,027$7,672$6,500$4,325
16 years$11,475$9,713$8,184$6,869$5,745$3,699
17 years$10,688$8,945$7,448$6,172$5,094$3,171
18 years$9,989$8,266$6,799$5,562$4,529$2,725
19 years$9,364$7,660$6,224$5,026$4,037$2,346
20 years$8,803$7,118$5,712$4,552$3,606$2,024
21 years$8,295$6,631$5,254$4,131$3,227$1,747
22 years$7,835$6,189$4,842$3,756$2,892$1,511
23 years$7,415$5,789$4,471$3,421$2,596$1,308
24 years$7,030$5,424$4,135$3,120$2,334$1,133
25 years$6,677$5,090$3,830$2,849$2,100$982
26 years$6,352$4,784$3,552$2,605$1,892$852
27 years$6,051$4,502$3,298$2,385$1,705$739
28 years$5,773$4,242$3,066$2,185$1,539$642
29 years$5,513$4,002$2,853$2,004$1,390$558
30 years$5,272$3,780$2,658$1,839$1,256$484
31 years$5,047$3,573$2,478$1,689$1,135$421
32 years$4,836$3,381$2,312$1,552$1,027$366
33 years$4,638$3,202$2,159$1,427$929$318
34 years$4,453$3,034$2,017$1,313$841$277
35 years$4,278$2,878$1,886$1,209$762$241
36 years$4,114$2,732$1,764$1,113$690$210
37 years$3,958$2,594$1,651$1,026$626$183
38 years$3,811$2,466$1,546$945$567$159
39 years$3,673$2,345$1,448$872$514$138
40 years$3,541$2,231$1,358$804$467$120
41 years$3,416$2,123$1,273$742$423$105
42 years$3,297$2,022$1,194$685$384$91
43 years$3,185$1,927$1,121$632$349$79
44 years$3,077$1,837$1,052$584$316$69
45 years$2,975$1,751$988$539$287$60
46 years$2,877$1,671$928$498$261$52
47 years$2,784$1,594$871$460$237$46
48 years$2,695$1,522$819$425$215$40
49 years$2,610$1,454$770$393$195$35
50 years$2,529$1,388$724$363$177$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,590,000, adding $5,239 every year, while hoping to spend $55,217 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: 51/27/22 Blend
50$2,590,000$2,590,000$2,590,000$2,590,000
51$2,859,584$2,722,314$2,682,169$2,987,637
52$3,092,511$2,796,957$2,713,271$3,151,418
53$3,347,346$2,873,407$2,743,565$3,323,316
54$3,626,265$2,951,694$2,772,964$3,509,070
55$3,931,665$3,031,848$2,801,379$3,710,017
56$4,266,185$3,113,898$2,828,715$3,927,626
57$4,632,731$3,197,874$2,854,872$4,163,515
58$5,034,503$3,283,803$2,879,744$4,419,469
59$5,475,027$3,371,714$2,903,220$4,697,451
60$5,958,185$3,461,633$2,925,183$4,999,624
61$6,488,253$3,553,587$2,945,510$5,328,371
62$7,069,942$3,647,599$2,964,071$5,686,317
63$7,708,439$3,743,695$2,980,731$6,076,353
64$8,409,460$3,841,896$2,995,346$6,501,667
65$9,179,300$3,942,224$3,007,765$6,965,767
66$10,024,894$4,044,699$3,017,831$7,472,522
67$10,953,882$4,149,338$3,025,377$8,026,192
68$11,974,680$4,256,157$3,030,229$8,631,472
69$13,096,560$4,365,171$3,032,204$9,293,536
70$14,329,735$4,476,391$3,031,109$10,018,086
71$15,685,461$4,589,827$3,026,744$10,811,401
72$17,176,134$4,705,485$3,018,896$11,680,405
73$18,815,415$4,823,369$3,007,345$12,632,726
74$20,618,353$4,943,480$2,991,856$13,676,768
75$22,601,530$5,065,814$2,972,188$14,821,796
76$24,783,213$5,190,367$2,948,084$16,078,016
77$27,183,533$5,317,127$2,919,276$17,456,679
78$29,824,667$5,446,079$2,885,486$18,970,181
79$32,731,051$5,577,206$2,846,418$20,632,184
80$35,929,612$5,710,482$2,801,766$22,457,745
81$39,450,015$5,845,878$2,751,208$24,463,455
82$43,324,950$5,983,360$2,694,407$26,667,601
83$47,590,436$6,122,886$2,631,011$29,090,333
84$52,286,161$6,264,408$2,560,651$31,753,862
85$57,455,858$6,407,872$2,482,941$34,682,662
86$63,147,714$6,553,216$2,397,477$37,903,707
87$69,414,827$6,700,370$2,303,839$41,446,723
88$76,315,706$6,849,255$2,201,584$45,344,472
89$83,914,822$6,999,782$2,090,251$49,633,058
90$92,283,218$7,151,856$1,969,359$54,352,272
91$101,499,176$7,305,367$1,838,402$59,545,965
92$111,648,959$7,460,197$1,696,856$65,262,465
93$122,827,621$7,616,215$1,544,169$71,555,034
94$135,139,907$7,773,277$1,379,767$78,482,369
95$148,701,237$7,931,228$1,203,049$86,109,158
96$163,638,800$8,089,895$1,013,388$94,506,694
97$180,092,751$8,249,094$810,130$103,753,544
98$198,217,534$8,408,621$592,591$113,936,298
99$218,183,336$8,568,257$360,056$125,150,380
100$240,177,700$8,727,765$111,782$137,500,958