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%12.3%
1 years$218,009$216,067$214,172$212,323$210,517$208,492
2 years$107,925$105,915$103,967$102,078$100,246$98,206
3 years$71,235$69,217$67,274$65,403$63,600$61,609
4 years$52,894$50,882$48,958$47,119$45,360$43,433
5 years$41,892$39,892$37,993$36,192$34,482$32,624
6 years$34,560$32,575$30,704$28,943$27,285$25,498
7 years$29,325$27,356$25,515$23,796$22,190$20,475
8 years$25,400$23,449$21,639$19,961$18,408$16,766
9 years$22,349$20,417$18,638$17,003$15,503$13,932
10 years$19,910$17,996$16,249$14,657$13,209$11,710
11 years$17,916$16,021$14,305$12,756$11,360$9,930
12 years$16,255$14,380$12,695$11,188$9,844$8,483
13 years$14,850$12,995$11,343$9,878$8,585$7,290
14 years$13,648$11,812$10,191$8,768$7,525$6,295
15 years$12,606$10,791$9,201$7,820$6,626$5,459
16 years$11,696$9,900$8,342$7,002$5,856$4,750
17 years$10,894$9,118$7,591$6,291$5,192$4,146
18 years$10,181$8,425$6,930$5,669$4,617$3,628
19 years$9,545$7,808$6,344$5,123$4,115$3,181
20 years$8,973$7,256$5,822$4,640$3,676$2,795
21 years$8,455$6,759$5,355$4,211$3,289$2,459
22 years$7,986$6,309$4,936$3,829$2,948$2,167
23 years$7,558$5,901$4,557$3,487$2,647$1,912
24 years$7,166$5,528$4,215$3,180$2,379$1,689
25 years$6,806$5,188$3,904$2,904$2,141$1,493
26 years$6,475$4,876$3,620$2,656$1,928$1,321
27 years$6,168$4,589$3,362$2,431$1,738$1,170
28 years$5,884$4,324$3,125$2,227$1,569$1,037
29 years$5,620$4,079$2,908$2,042$1,416$919
30 years$5,374$3,852$2,709$1,874$1,280$815
31 years$5,144$3,642$2,526$1,721$1,157$723
32 years$4,929$3,446$2,356$1,582$1,047$642
33 years$4,728$3,263$2,200$1,455$947$570
34 years$4,539$3,093$2,056$1,339$858$506
35 years$4,361$2,934$1,922$1,232$777$450
36 years$4,193$2,784$1,798$1,135$704$400
37 years$4,035$2,645$1,683$1,046$638$356
38 years$3,885$2,513$1,576$964$578$316
39 years$3,743$2,390$1,476$889$524$281
40 years$3,609$2,274$1,384$820$476$250
41 years$3,482$2,164$1,298$756$432$222
42 years$3,361$2,061$1,217$698$392$198
43 years$3,246$1,964$1,142$644$355$176
44 years$3,137$1,872$1,072$595$323$157
45 years$3,032$1,785$1,007$549$293$139
46 years$2,933$1,703$946$507$266$124
47 years$2,838$1,625$888$469$241$110
48 years$2,747$1,551$835$433$219$98
49 years$2,661$1,482$785$400$199$87
50 years$2,578$1,415$738$370$181$78

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 $3,039 every year, while hoping to spend $40,600 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: 68/7/25 Blend
50$2,640,000$2,640,000$2,640,000$2,640,000
51$2,912,415$2,772,495$2,731,575$3,091,548
52$3,166,283$2,865,149$2,779,884$3,304,832
53$3,444,685$2,960,982$2,828,452$3,533,152
54$3,750,080$3,060,108$2,877,242$3,782,002
55$4,085,178$3,162,643$2,926,220$4,053,412
56$4,452,963$3,268,709$2,975,344$4,349,617
57$4,856,721$3,378,432$3,024,574$4,673,079
58$5,300,073$3,491,942$3,073,865$5,026,509
59$5,787,009$3,609,375$3,123,167$5,412,894
60$6,321,921$3,730,871$3,172,430$5,835,523
61$6,909,650$3,856,577$3,221,600$6,298,020
62$7,555,529$3,986,644$3,270,618$6,804,377
63$8,265,431$4,121,228$3,319,422$7,358,993
64$9,045,830$4,260,493$3,367,948$7,966,712
65$9,903,855$4,404,608$3,416,125$8,632,872
66$10,847,363$4,553,748$3,463,879$9,363,354
67$11,885,007$4,708,095$3,511,132$10,164,636
68$13,026,325$4,867,838$3,557,802$11,043,858
69$14,281,822$5,033,174$3,603,800$12,008,884
70$15,663,074$5,204,306$3,649,034$13,068,380
71$17,182,836$5,381,445$3,693,405$14,231,893
72$18,855,160$5,564,811$3,736,809$15,509,945
73$20,695,532$5,754,632$3,779,137$16,914,126
74$22,721,011$5,951,144$3,820,273$18,457,209
75$24,950,397$6,154,593$3,860,095$20,153,269
76$27,404,404$6,365,234$3,898,475$22,017,812
77$30,105,855$6,583,333$3,935,275$24,067,927
78$33,079,899$6,809,163$3,970,354$26,322,443
79$36,354,248$7,043,011$4,003,560$28,802,108
80$39,959,437$7,285,174$4,034,735$31,529,784
81$43,929,112$7,535,960$4,063,711$34,530,665
82$48,300,349$7,795,690$4,090,313$37,832,512
83$53,114,002$8,064,697$4,114,357$41,465,917
84$58,415,089$8,343,326$4,135,646$45,464,588
85$64,253,216$8,631,936$4,153,978$49,865,674
86$70,683,045$8,930,902$4,169,137$54,710,108
87$77,764,811$9,240,611$4,180,898$60,042,997
88$85,564,887$9,561,467$4,189,024$65,914,050
89$94,156,416$9,893,889$4,193,267$72,378,041
90$103,619,993$10,238,313$4,193,364$79,495,332
91$114,044,434$10,595,192$4,189,043$87,332,439
92$125,527,606$10,964,996$4,180,017$95,962,661
93$138,177,358$11,348,216$4,165,982$105,466,775
94$152,112,530$11,745,361$4,146,625$115,933,790
95$167,464,085$12,156,960$4,121,613$127,461,799
96$184,376,334$12,583,564$4,090,600$140,158,894
97$203,008,307$13,025,745$4,053,222$154,144,193
98$223,535,247$13,484,099$4,009,097$169,548,963
99$246,150,267$13,959,246$3,957,828$186,517,858
100$271,066,174$14,451,829$3,898,995$205,210,286