Can I retire at age 51 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$216,357$214,430$212,550$210,714$208,922$203,213
2 years$107,108$105,113$103,179$101,305$99,487$93,776
3 years$70,696$68,692$66,764$64,907$63,119$57,585
4 years$52,493$50,496$48,587$46,762$45,017$39,704
5 years$41,575$39,590$37,706$35,918$34,221$29,143
6 years$34,298$32,328$30,472$28,724$27,078$22,240
7 years$29,103$27,149$25,322$23,615$22,022$17,423
8 years$25,208$23,272$21,475$19,810$18,269$13,908
9 years$22,180$20,262$18,497$16,874$15,385$11,258
10 years$19,759$17,860$16,126$14,546$13,109$9,209
11 years$17,780$15,900$14,197$12,659$11,274$7,597
12 years$16,132$14,271$12,599$11,104$9,770$6,307
13 years$14,738$12,897$11,257$9,803$8,520$5,265
14 years$13,544$11,723$10,114$8,702$7,468$4,413
15 years$12,511$10,709$9,132$7,761$6,576$3,713
16 years$11,608$9,825$8,279$6,949$5,812$3,132
17 years$10,811$9,049$7,534$6,243$5,153$2,649
18 years$10,104$8,361$6,877$5,627$4,582$2,245
19 years$9,472$7,749$6,296$5,084$4,084$1,906
20 years$8,905$7,201$5,778$4,605$3,648$1,620
21 years$8,391$6,707$5,315$4,179$3,264$1,379
22 years$7,925$6,261$4,898$3,800$2,926$1,175
23 years$7,501$5,856$4,523$3,460$2,627$1,002
24 years$7,112$5,487$4,183$3,156$2,361$855
25 years$6,755$5,149$3,874$2,882$2,124$730
26 years$6,426$4,839$3,593$2,635$1,914$623
27 years$6,121$4,554$3,336$2,412$1,725$533
28 years$5,839$4,291$3,102$2,210$1,557$455
29 years$5,577$4,048$2,886$2,027$1,406$390
30 years$5,333$3,823$2,689$1,860$1,270$333
31 years$5,105$3,614$2,506$1,708$1,148$285
32 years$4,892$3,420$2,339$1,570$1,039$244
33 years$4,692$3,239$2,184$1,444$940$209
34 years$4,504$3,070$2,040$1,328$851$179
35 years$4,328$2,911$1,907$1,223$771$153
36 years$4,161$2,763$1,784$1,126$698$131
37 years$4,004$2,625$1,670$1,038$633$112
38 years$3,856$2,494$1,564$956$574$96
39 years$3,715$2,372$1,465$882$520$82
40 years$3,582$2,257$1,373$813$472$71
41 years$3,456$2,148$1,288$750$428$60
42 years$3,336$2,046$1,208$693$389$52
43 years$3,222$1,949$1,134$639$353$44
44 years$3,113$1,858$1,064$590$320$38
45 years$3,009$1,772$999$545$291$33
46 years$2,911$1,690$938$504$264$28
47 years$2,817$1,613$882$465$240$24
48 years$2,726$1,540$828$430$218$20
49 years$2,640$1,470$779$397$198$18
50 years$2,558$1,405$732$367$180$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,620,000, adding $5,946 every year, while hoping to spend $42,958 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: 48/45/7 Blend
50$2,620,000$2,620,000$2,620,000$2,620,000
51$2,893,373$2,754,513$2,713,903$3,026,634
52$3,142,790$2,843,777$2,759,112$3,207,776
53$3,416,208$2,935,976$2,804,396$3,399,307
54$3,716,030$3,031,207$2,849,711$3,606,242
55$4,044,901$3,129,572$2,895,013$3,830,025
56$4,405,737$3,231,177$2,940,251$4,072,244
57$4,801,748$3,336,131$2,985,376$4,334,646
58$5,236,471$3,444,546$3,030,331$4,619,150
59$5,713,802$3,556,540$3,075,058$4,927,868
60$6,238,032$3,672,232$3,119,494$5,263,123
61$6,813,887$3,791,748$3,163,573$5,627,469
62$7,446,577$3,915,217$3,207,226$6,023,718
63$8,141,838$4,042,772$3,250,378$6,454,962
64$8,905,990$4,174,553$3,292,951$6,924,603
65$9,745,997$4,310,702$3,334,861$7,436,387
66$10,669,530$4,451,367$3,376,019$7,994,436
67$11,685,040$4,596,703$3,416,335$8,603,286
68$12,801,840$4,746,867$3,455,708$9,267,930
69$14,030,189$4,902,024$3,494,035$9,993,866
70$15,381,390$5,062,345$3,531,207$10,787,145
71$16,867,897$5,228,006$3,567,108$11,654,429
72$18,503,433$5,399,188$3,601,616$12,603,056
73$20,303,116$5,576,081$3,634,603$13,641,102
74$22,283,605$5,758,881$3,665,934$14,777,461
75$24,463,256$5,947,789$3,695,465$16,021,928
76$26,862,292$6,143,015$3,723,048$17,385,290
77$29,503,000$6,344,777$3,748,524$18,879,426
78$32,409,934$6,553,299$3,771,728$20,517,419
79$35,610,150$6,768,813$3,792,483$22,313,677
80$39,133,462$6,991,562$3,810,608$24,284,071
81$43,012,721$7,221,794$3,825,909$26,446,084
82$47,284,125$7,459,768$3,838,184$28,818,969
83$51,987,561$7,705,753$3,847,218$31,423,937
84$57,166,983$7,960,025$3,852,790$34,284,352
85$62,870,821$8,222,872$3,854,665$37,425,952
86$69,152,443$8,494,592$3,852,595$40,877,089
87$76,070,659$8,775,493$3,846,323$44,668,997
88$83,690,270$9,065,896$3,835,579$48,836,086
89$92,082,683$9,366,131$3,820,077$53,416,264
90$101,326,587$9,676,541$3,799,520$58,451,295
91$111,508,691$9,997,483$3,773,595$63,987,188
92$122,724,543$10,329,326$3,741,976$70,074,638
93$135,079,434$10,672,450$3,704,320$76,769,494
94$148,689,388$11,027,253$3,660,267$84,133,290
95$163,682,262$11,394,144$3,609,442$92,233,823
96$180,198,945$11,773,549$3,551,450$101,145,791
97$198,394,694$12,165,910$3,485,881$110,951,499
98$218,440,597$12,571,683$3,412,302$121,741,628
99$240,525,185$12,991,343$3,330,261$133,616,097
100$264,856,217$13,425,382$3,239,287$146,684,999