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%11.2%
1 years$213,880$211,975$210,116$208,302$206,530$205,487
2 years$105,881$103,909$101,998$100,145$98,348$97,295
3 years$69,886$67,906$65,999$64,164$62,396$61,366
4 years$51,892$49,918$48,031$46,226$44,501$43,502
5 years$41,099$39,136$37,274$35,506$33,829$32,864
6 years$33,905$31,958$30,123$28,395$26,768$25,838
7 years$28,769$26,838$25,032$23,345$21,769$20,875
8 years$24,919$23,005$21,229$19,583$18,060$17,201
9 years$21,926$20,030$18,285$16,681$15,209$14,386
10 years$19,533$17,656$15,941$14,379$12,959$12,171
11 years$17,576$15,718$14,034$12,514$11,145$10,391
12 years$15,947$14,107$12,455$10,976$9,658$8,938
13 years$14,569$12,749$11,128$9,691$8,422$7,735
14 years$13,389$11,588$9,998$8,602$7,383$6,729
15 years$12,368$10,586$9,027$7,672$6,500$5,878
16 years$11,475$9,713$8,184$6,869$5,745$5,153
17 years$10,688$8,945$7,448$6,172$5,094$4,532
18 years$9,989$8,266$6,799$5,562$4,529$3,996
19 years$9,364$7,660$6,224$5,026$4,037$3,532
20 years$8,803$7,118$5,712$4,552$3,606$3,128
21 years$8,295$6,631$5,254$4,131$3,227$2,775
22 years$7,835$6,189$4,842$3,756$2,892$2,465
23 years$7,415$5,789$4,471$3,421$2,596$2,193
24 years$7,030$5,424$4,135$3,120$2,334$1,954
25 years$6,677$5,090$3,830$2,849$2,100$1,742
26 years$6,352$4,784$3,552$2,605$1,892$1,555
27 years$6,051$4,502$3,298$2,385$1,705$1,389
28 years$5,773$4,242$3,066$2,185$1,539$1,241
29 years$5,513$4,002$2,853$2,004$1,390$1,110
30 years$5,272$3,780$2,658$1,839$1,256$994
31 years$5,047$3,573$2,478$1,689$1,135$890
32 years$4,836$3,381$2,312$1,552$1,027$797
33 years$4,638$3,202$2,159$1,427$929$714
34 years$4,453$3,034$2,017$1,313$841$640
35 years$4,278$2,878$1,886$1,209$762$574
36 years$4,114$2,732$1,764$1,113$690$515
37 years$3,958$2,594$1,651$1,026$626$462
38 years$3,811$2,466$1,546$945$567$415
39 years$3,673$2,345$1,448$872$514$372
40 years$3,541$2,231$1,358$804$467$334
41 years$3,416$2,123$1,273$742$423$300
42 years$3,297$2,022$1,194$685$384$270
43 years$3,185$1,927$1,121$632$349$242
44 years$3,077$1,837$1,052$584$316$218
45 years$2,975$1,751$988$539$287$195
46 years$2,877$1,671$928$498$261$176
47 years$2,784$1,594$871$460$237$158
48 years$2,695$1,522$819$425$215$142
49 years$2,610$1,454$770$393$195$127
50 years$2,529$1,388$724$363$177$115

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 $3,952 every year, while hoping to spend $45,415 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: 47/28/25 Blend
50$2,590,000$2,590,000$2,590,000$2,590,000
51$2,858,256$2,720,986$2,680,841$2,971,990
52$3,101,477$2,805,994$2,722,328$3,137,321
53$3,367,985$2,893,644$2,763,683$3,311,893
54$3,660,106$2,984,019$2,804,853$3,500,486
55$3,980,404$3,077,203$2,845,783$3,704,440
56$4,331,701$3,173,283$2,886,413$3,925,226
57$4,717,108$3,272,347$2,926,681$4,164,466
58$5,140,049$3,374,488$2,966,521$4,423,943
59$5,604,297$3,479,800$3,005,862$4,705,621
60$6,114,007$3,588,382$3,044,630$5,011,662
61$6,673,756$3,700,333$3,082,745$5,344,445
62$7,288,587$3,815,758$3,120,126$5,706,593
63$7,964,056$3,934,763$3,156,683$6,100,990
64$8,706,282$4,057,458$3,192,324$6,530,815
65$9,522,006$4,183,957$3,226,950$6,999,567
66$10,418,656$4,314,376$3,260,458$7,511,102
67$11,404,415$4,448,836$3,292,739$8,069,665
68$12,488,297$4,587,461$3,323,678$8,679,931
69$13,680,235$4,730,379$3,353,153$9,347,052
70$14,991,172$4,877,721$3,381,037$10,076,701
71$16,433,165$5,029,622$3,407,194$10,875,128
72$18,019,497$5,186,222$3,431,485$11,749,218
73$19,764,804$5,347,666$3,453,758$12,706,555
74$21,685,213$5,514,101$3,473,858$13,755,495
75$23,798,493$5,685,680$3,491,621$14,905,243
76$26,124,221$5,862,560$3,506,871$16,165,942
77$28,683,969$6,044,903$3,519,429$17,548,764
78$31,501,506$6,232,876$3,529,102$19,066,022
79$34,603,023$6,426,650$3,535,691$20,731,278
80$38,017,378$6,626,402$3,538,983$22,559,477
81$41,776,370$6,832,315$3,538,758$24,567,086
82$45,915,038$7,044,577$3,534,785$26,772,249
83$50,471,990$7,263,379$3,526,818$29,194,955
84$55,489,770$7,488,922$3,514,604$31,857,234
85$61,015,258$7,721,410$3,497,874$34,783,356
86$67,100,109$7,961,055$3,476,348$38,000,067
87$73,801,246$8,208,072$3,449,732$41,536,837
88$81,181,392$8,462,687$3,417,717$45,426,139
89$89,309,665$8,725,129$3,379,981$49,703,757
90$98,262,226$8,995,635$3,336,185$54,409,119
91$108,123,002$9,274,450$3,285,976$59,585,677
92$118,984,474$9,561,825$3,228,983$65,281,307
93$130,948,555$9,858,018$3,164,818$71,548,771
94$144,127,542$10,163,296$3,093,074$78,446,206
95$158,645,188$10,477,933$3,013,328$86,037,678
96$174,637,856$10,802,212$2,925,134$94,393,785
97$192,255,820$11,136,422$2,828,028$103,592,325
98$211,664,669$11,480,863$2,721,523$113,719,026
99$233,046,883$11,835,842$2,605,111$124,868,360
100$256,603,543$12,201,677$2,478,261$137,144,432