Can I retire at age 51 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$218,009$216,067$214,172$212,323$210,517$204,270
2 years$107,925$105,915$103,967$102,078$100,246$94,003
3 years$71,235$69,217$67,274$65,403$63,600$57,558
4 years$52,894$50,882$48,958$47,119$45,360$39,565
5 years$41,892$39,892$37,993$36,192$34,482$28,949
6 years$34,560$32,575$30,704$28,943$27,285$22,019
7 years$29,325$27,356$25,515$23,796$22,190$17,192
8 years$25,400$23,449$21,639$19,961$18,408$13,675
9 years$22,349$20,417$18,638$17,003$15,503$11,029
10 years$19,910$17,996$16,249$14,657$13,209$8,989
11 years$17,916$16,021$14,305$12,756$11,360$7,386
12 years$16,255$14,380$12,695$11,188$9,844$6,108
13 years$14,850$12,995$11,343$9,878$8,585$5,078
14 years$13,648$11,812$10,191$8,768$7,525$4,239
15 years$12,606$10,791$9,201$7,820$6,626$3,551
16 years$11,696$9,900$8,342$7,002$5,856$2,983
17 years$10,894$9,118$7,591$6,291$5,192$2,512
18 years$10,181$8,425$6,930$5,669$4,617$2,119
19 years$9,545$7,808$6,344$5,123$4,115$1,791
20 years$8,973$7,256$5,822$4,640$3,676$1,515
21 years$8,455$6,759$5,355$4,211$3,289$1,284
22 years$7,986$6,309$4,936$3,829$2,948$1,089
23 years$7,558$5,901$4,557$3,487$2,647$924
24 years$7,166$5,528$4,215$3,180$2,379$785
25 years$6,806$5,188$3,904$2,904$2,141$667
26 years$6,475$4,876$3,620$2,656$1,928$567
27 years$6,168$4,589$3,362$2,431$1,738$482
28 years$5,884$4,324$3,125$2,227$1,569$410
29 years$5,620$4,079$2,908$2,042$1,416$349
30 years$5,374$3,852$2,709$1,874$1,280$297
31 years$5,144$3,642$2,526$1,721$1,157$253
32 years$4,929$3,446$2,356$1,582$1,047$215
33 years$4,728$3,263$2,200$1,455$947$184
34 years$4,539$3,093$2,056$1,339$858$156
35 years$4,361$2,934$1,922$1,232$777$133
36 years$4,193$2,784$1,798$1,135$704$113
37 years$4,035$2,645$1,683$1,046$638$97
38 years$3,885$2,513$1,576$964$578$82
39 years$3,743$2,390$1,476$889$524$70
40 years$3,609$2,274$1,384$820$476$60
41 years$3,482$2,164$1,298$756$432$51
42 years$3,361$2,061$1,217$698$392$43
43 years$3,246$1,964$1,142$644$355$37
44 years$3,137$1,872$1,072$595$323$32
45 years$3,032$1,785$1,007$549$293$27
46 years$2,933$1,703$946$507$266$23
47 years$2,838$1,625$888$469$241$20
48 years$2,747$1,551$835$433$219$17
49 years$2,661$1,482$785$400$199$14
50 years$2,578$1,415$738$370$181$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,640,000, adding $2,078 every year, while hoping to spend $59,287 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: 68/9/23 Blend
50$2,640,000$2,640,000$2,640,000$2,640,000
51$2,911,423$2,771,503$2,730,583$3,092,261
52$3,145,308$2,844,226$2,758,977$3,286,453
53$3,401,061$2,918,525$2,786,335$3,491,784
54$3,680,852$2,994,415$2,812,559$3,715,014
55$3,987,067$3,071,910$2,837,548$3,957,908
56$4,322,335$3,151,021$2,861,194$4,222,411
57$4,689,551$3,231,759$2,883,382$4,510,668
58$5,091,903$3,314,133$2,903,992$4,825,040
59$5,532,901$3,398,149$2,922,900$5,168,128
60$6,016,412$3,483,814$2,939,973$5,542,799
61$6,546,695$3,571,129$2,955,070$5,952,211
62$7,128,440$3,660,097$2,968,047$6,399,845
63$7,766,813$3,750,714$2,978,749$6,889,536
64$8,467,505$3,842,976$2,987,014$7,425,510
65$9,236,785$3,936,876$2,992,674$8,012,423
66$10,081,558$4,032,403$2,995,549$8,655,406
67$11,009,430$4,129,544$2,995,453$9,360,114
68$12,028,780$4,228,281$2,992,190$10,132,779
69$13,148,841$4,328,592$2,985,553$10,980,267
70$14,379,782$4,430,452$2,975,328$11,910,145
71$15,732,806$4,533,830$2,961,288$12,930,752
72$17,220,256$4,638,692$2,943,195$14,051,279
73$18,855,732$4,744,997$2,920,801$15,281,853
74$20,654,214$4,852,700$2,893,846$16,633,636
75$22,632,211$4,961,750$2,862,057$18,118,926
76$24,807,909$5,072,087$2,825,148$19,751,281
77$27,201,344$5,183,648$2,782,819$21,545,637
78$29,834,596$5,296,361$2,734,758$23,518,459
79$32,731,988$5,410,147$2,680,636$25,687,889
80$35,920,324$5,524,917$2,620,111$28,073,923
81$39,429,135$5,640,576$2,552,822$30,698,596
82$43,290,961$5,757,018$2,478,395$33,586,193
83$47,541,654$5,874,127$2,396,437$36,763,477
84$52,220,720$5,991,777$2,306,535$40,259,943
85$57,371,691$6,109,832$2,208,262$44,108,097
86$63,042,532$6,228,141$2,101,166$48,343,761
87$69,286,094$6,346,544$1,984,779$53,006,414
88$76,160,616$6,464,865$1,858,610$58,139,565
89$83,730,271$6,582,916$1,722,145$63,791,162
90$92,065,770$6,700,490$1,574,849$70,014,050
91$101,245,033$6,817,369$1,416,161$76,866,462
92$111,353,921$6,933,314$1,245,497$84,412,579
93$122,487,045$7,048,071$1,062,245$92,723,131
94$134,748,660$7,161,363$865,767$101,876,065
95$148,253,651$7,272,897$655,397$111,957,284
96$163,128,610$7,382,356$430,440$123,061,458
97$179,513,037$7,489,400$190,169$135,292,919
98$197,560,654$7,593,667$0$148,766,644
99$217,440,851$7,694,768$0$163,625,603
100$239,340,293$7,792,286$0$180,044,041