Can I retire at age 51 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$217,183$215,248$213,361$211,519$209,720$205,318
2 years$107,516$105,514$103,573$101,692$99,867$95,452
3 years$70,966$68,955$67,019$65,155$63,359$59,071
4 years$52,694$50,689$48,773$46,940$45,189$41,058
5 years$41,734$39,741$37,849$36,055$34,352$30,392
6 years$34,429$32,451$30,588$28,833$27,181$23,396
7 years$29,214$27,253$25,419$23,705$22,106$18,495
8 years$25,304$23,360$21,557$19,886$18,339$14,903
9 years$22,265$20,339$18,567$16,938$15,444$12,180
10 years$19,835$17,928$16,187$14,601$13,159$10,063
11 years$17,848$15,960$14,251$12,707$11,317$8,386
12 years$16,193$14,325$12,647$11,146$9,807$7,036
13 years$14,794$12,946$11,300$9,840$8,552$5,936
14 years$13,596$11,767$10,153$8,735$7,497$5,031
15 years$12,559$10,750$9,167$7,790$6,601$4,280
16 years$11,652$9,863$8,311$6,975$5,834$3,652
17 years$10,853$9,083$7,563$6,267$5,173$3,125
18 years$10,143$8,393$6,904$5,648$4,599$2,679
19 years$9,509$7,779$6,320$5,103$4,099$2,302
20 years$8,939$7,228$5,800$4,622$3,662$1,981
21 years$8,423$6,733$5,335$4,195$3,277$1,706
22 years$7,956$6,285$4,917$3,814$2,937$1,472
23 years$7,529$5,878$4,540$3,474$2,637$1,271
24 years$7,139$5,508$4,199$3,168$2,370$1,098
25 years$6,781$5,169$3,889$2,893$2,132$950
26 years$6,450$4,858$3,607$2,645$1,921$822
27 years$6,145$4,572$3,349$2,421$1,732$712
28 years$5,862$4,308$3,113$2,219$1,563$616
29 years$5,599$4,064$2,897$2,035$1,411$534
30 years$5,354$3,838$2,699$1,867$1,275$463
31 years$5,125$3,628$2,516$1,715$1,153$401
32 years$4,911$3,433$2,347$1,576$1,043$348
33 years$4,710$3,251$2,192$1,449$944$302
34 years$4,521$3,081$2,048$1,333$854$262
35 years$4,344$2,922$1,915$1,227$774$227
36 years$4,177$2,774$1,791$1,130$701$197
37 years$4,019$2,635$1,676$1,042$635$171
38 years$3,870$2,504$1,570$960$576$149
39 years$3,729$2,381$1,471$885$522$129
40 years$3,596$2,265$1,379$816$474$112
41 years$3,469$2,156$1,293$753$430$97
42 years$3,348$2,054$1,213$695$390$85
43 years$3,234$1,957$1,138$642$354$73
44 years$3,125$1,865$1,068$593$321$64
45 years$3,021$1,778$1,003$547$292$55
46 years$2,922$1,697$942$506$265$48
47 years$2,827$1,619$885$467$241$42
48 years$2,737$1,546$832$432$218$36
49 years$2,650$1,476$782$399$198$32
50 years$2,568$1,410$735$369$180$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,630,000, adding $6,046 every year, while hoping to spend $22,005 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: 55/26/19 Blend
50$2,630,000$2,630,000$2,630,000$2,630,000
51$2,904,496$2,765,106$2,724,341$3,049,067
52$3,177,342$2,877,184$2,792,194$3,260,560
53$3,477,280$2,994,015$2,861,582$3,487,898
54$3,807,051$3,115,810$2,932,533$3,734,980
55$4,169,674$3,242,789$3,005,077$4,003,702
56$4,568,476$3,375,180$3,079,241$4,296,148
57$5,007,120$3,513,223$3,155,056$4,614,610
58$5,489,644$3,657,169$3,232,548$4,961,610
59$6,020,498$3,807,281$3,311,749$5,339,921
60$6,604,582$3,963,831$3,392,686$5,752,594
61$7,247,298$4,127,107$3,475,389$6,202,987
62$7,954,596$4,297,409$3,559,888$6,694,794
63$8,733,032$4,475,050$3,646,212$7,232,081
64$9,589,832$4,660,357$3,734,391$7,819,321
65$10,532,955$4,853,675$3,824,453$8,461,440
66$11,571,173$5,055,362$3,916,429$9,163,855
67$12,714,151$5,265,793$4,010,347$9,932,535
68$13,972,538$5,485,360$4,106,237$10,774,046
69$15,358,070$5,714,475$4,204,129$11,695,619
70$16,883,675$5,953,567$4,304,050$12,705,214
71$18,563,604$6,203,086$4,406,029$13,811,594
72$20,413,556$6,463,502$4,510,096$15,024,411
73$22,450,832$6,735,306$4,616,277$16,354,289
74$24,694,495$7,019,015$4,724,601$17,812,930
75$27,165,553$7,315,166$4,835,094$19,413,217
76$29,887,154$7,624,323$4,947,784$21,169,340
77$32,884,805$7,947,077$5,062,697$23,096,926
78$36,186,616$8,284,044$5,179,857$25,213,184
79$39,823,559$8,635,871$5,299,291$27,537,070
80$43,829,767$9,003,233$5,421,022$30,089,459
81$48,242,850$9,386,838$5,545,073$32,893,344
82$53,104,255$9,787,428$5,671,467$35,974,054
83$58,459,653$10,205,776$5,800,226$39,359,486
84$64,359,373$10,642,694$5,931,368$43,080,368
85$70,858,874$11,099,031$6,064,915$47,170,551
86$78,019,273$11,575,677$6,200,882$51,667,322
87$85,907,915$12,073,561$6,339,288$56,611,758
88$94,599,014$12,593,658$6,480,147$62,049,109
89$104,174,354$13,136,987$6,623,471$68,029,223
90$114,724,054$13,704,616$6,769,274$74,607,017
91$126,347,428$14,297,662$6,917,565$81,842,990
92$139,153,913$14,917,295$7,068,351$89,803,795
93$153,264,110$15,564,740$7,221,638$98,562,861
94$168,810,916$16,241,280$7,377,431$108,201,090
95$185,940,784$16,948,257$7,535,729$118,807,612
96$204,815,100$17,687,077$7,696,531$130,480,627
97$225,611,709$18,459,213$7,859,834$143,328,328
98$248,526,594$19,266,205$8,025,629$157,469,919
99$273,775,726$20,109,669$8,193,907$173,036,739
100$301,597,101$20,991,294$8,364,654$190,173,496