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%11.4%
1 years$216,357$214,430$212,550$210,714$208,922$207,693
2 years$107,108$105,113$103,179$101,305$99,487$98,246
3 years$70,696$68,692$66,764$64,907$63,119$61,906
4 years$52,493$50,496$48,587$46,762$45,017$43,841
5 years$41,575$39,590$37,706$35,918$34,221$33,085
6 years$34,298$32,328$30,472$28,724$27,078$25,984
7 years$29,103$27,149$25,322$23,615$22,022$20,970
8 years$25,208$23,272$21,475$19,810$18,269$17,260
9 years$22,180$20,262$18,497$16,874$15,385$14,418
10 years$19,759$17,860$16,126$14,546$13,109$12,183
11 years$17,780$15,900$14,197$12,659$11,274$10,389
12 years$16,132$14,271$12,599$11,104$9,770$8,925
13 years$14,738$12,897$11,257$9,803$8,520$7,714
14 years$13,544$11,723$10,114$8,702$7,468$6,702
15 years$12,511$10,709$9,132$7,761$6,576$5,846
16 years$11,608$9,825$8,279$6,949$5,812$5,119
17 years$10,811$9,049$7,534$6,243$5,153$4,495
18 years$10,104$8,361$6,877$5,627$4,582$3,959
19 years$9,472$7,749$6,296$5,084$4,084$3,494
20 years$8,905$7,201$5,778$4,605$3,648$3,089
21 years$8,391$6,707$5,315$4,179$3,264$2,737
22 years$7,925$6,261$4,898$3,800$2,926$2,428
23 years$7,501$5,856$4,523$3,460$2,627$2,157
24 years$7,112$5,487$4,183$3,156$2,361$1,918
25 years$6,755$5,149$3,874$2,882$2,124$1,708
26 years$6,426$4,839$3,593$2,635$1,914$1,522
27 years$6,121$4,554$3,336$2,412$1,725$1,357
28 years$5,839$4,291$3,102$2,210$1,557$1,211
29 years$5,577$4,048$2,886$2,027$1,406$1,082
30 years$5,333$3,823$2,689$1,860$1,270$966
31 years$5,105$3,614$2,506$1,708$1,148$864
32 years$4,892$3,420$2,339$1,570$1,039$773
33 years$4,692$3,239$2,184$1,444$940$691
34 years$4,504$3,070$2,040$1,328$851$619
35 years$4,328$2,911$1,907$1,223$771$554
36 years$4,161$2,763$1,784$1,126$698$496
37 years$4,004$2,625$1,670$1,038$633$444
38 years$3,856$2,494$1,564$956$574$398
39 years$3,715$2,372$1,465$882$520$357
40 years$3,582$2,257$1,373$813$472$320
41 years$3,456$2,148$1,288$750$428$287
42 years$3,336$2,046$1,208$693$389$257
43 years$3,222$1,949$1,134$639$353$230
44 years$3,113$1,858$1,064$590$320$207
45 years$3,009$1,772$999$545$291$185
46 years$2,911$1,690$938$504$264$166
47 years$2,817$1,613$882$465$240$149
48 years$2,726$1,540$828$430$218$134
49 years$2,640$1,470$779$397$198$120
50 years$2,558$1,405$732$367$180$108

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 $5,646 every year, while hoping to spend $52,886 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: 39/49/12 Blend
50$2,620,000$2,620,000$2,620,000$2,620,000
51$2,893,064$2,754,204$2,713,594$2,995,214
52$3,131,886$2,832,890$2,748,229$3,146,807
53$3,393,296$2,913,658$2,782,252$3,305,011
54$3,679,541$2,996,556$2,815,586$3,474,902
55$3,993,097$3,081,631$2,848,151$3,657,557
56$4,336,690$3,168,928$2,879,862$3,854,163
57$4,713,323$3,258,496$2,910,628$4,066,024
58$5,126,303$3,350,384$2,940,355$4,294,572
59$5,579,273$3,444,639$2,968,943$4,541,388
60$6,076,242$3,541,310$2,996,286$4,808,206
61$6,621,631$3,640,446$3,022,274$5,096,937
62$7,220,306$3,742,097$3,046,789$5,409,684
63$7,877,629$3,846,311$3,069,709$5,748,762
64$8,599,506$3,953,139$3,090,902$6,116,719
65$9,392,443$4,062,630$3,110,235$6,516,358
66$10,263,606$4,174,833$3,127,562$6,950,769
67$11,220,892$4,289,798$3,142,733$7,423,352
68$12,272,998$4,407,574$3,155,590$7,937,850
69$13,429,508$4,528,209$3,165,967$8,498,387
70$14,700,979$4,651,752$3,173,688$9,109,503
71$16,099,043$4,778,252$3,178,570$9,776,200
72$17,636,513$4,907,754$3,180,420$10,503,986
73$19,327,510$5,040,306$3,179,036$11,298,928
74$21,187,588$5,175,954$3,174,206$12,167,708
75$23,233,888$5,314,742$3,165,708$13,117,689
76$25,485,293$5,456,712$3,153,308$14,156,979
77$27,962,610$5,601,908$3,136,761$15,294,514
78$30,688,765$5,750,370$3,115,811$16,540,134
79$33,689,017$5,902,137$3,090,189$17,904,684
80$36,991,201$6,057,245$3,059,614$19,400,109
81$40,625,982$6,215,730$3,023,790$21,039,572
82$44,627,155$6,377,623$2,982,409$22,837,574
83$49,031,953$6,542,954$2,935,148$24,810,093
84$53,881,404$6,711,751$2,881,667$26,974,735
85$59,220,717$6,884,037$2,821,613$29,350,898
86$65,099,708$7,059,832$2,754,615$31,959,957
87$71,573,268$7,239,153$2,680,284$34,825,463
88$78,701,882$7,422,013$2,598,215$37,973,368
89$86,552,202$7,608,419$2,507,983$41,432,270
90$95,197,670$7,798,376$2,409,144$45,233,679
91$104,719,216$7,991,880$2,301,234$49,412,320
92$115,206,018$8,188,924$2,183,767$54,006,455
93$126,756,346$8,389,495$2,056,237$59,058,250
94$139,478,485$8,593,572$1,918,113$64,614,167
95$153,491,762$8,801,129$1,768,842$70,725,409
96$168,927,667$9,012,129$1,607,843$77,448,398
97$185,931,096$9,226,531$1,434,513$84,845,310
98$204,661,719$9,444,281$1,248,220$92,984,664
99$225,295,483$9,665,320$1,048,304$101,941,966
100$248,026,276$9,889,574$834,076$111,800,423