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%18.1%
1 years$218,009$216,067$214,172$212,323$210,517$203,616
2 years$107,925$105,915$103,967$102,078$100,246$93,359
3 years$71,235$69,217$67,274$65,403$63,600$56,943
4 years$52,894$50,882$48,958$47,119$45,360$38,985
5 years$41,892$39,892$37,993$36,192$34,482$28,405
6 years$34,560$32,575$30,704$28,943$27,285$21,511
7 years$29,325$27,356$25,515$23,796$22,190$16,718
8 years$25,400$23,449$21,639$19,961$18,408$13,236
9 years$22,349$20,417$18,638$17,003$15,503$10,623
10 years$19,910$17,996$16,249$14,657$13,209$8,614
11 years$17,916$16,021$14,305$12,756$11,360$7,042
12 years$16,255$14,380$12,695$11,188$9,844$5,793
13 years$14,850$12,995$11,343$9,878$8,585$4,790
14 years$13,648$11,812$10,191$8,768$7,525$3,976
15 years$12,606$10,791$9,201$7,820$6,626$3,312
16 years$11,696$9,900$8,342$7,002$5,856$2,766
17 years$10,894$9,118$7,591$6,291$5,192$2,316
18 years$10,181$8,425$6,930$5,669$4,617$1,942
19 years$9,545$7,808$6,344$5,123$4,115$1,631
20 years$8,973$7,256$5,822$4,640$3,676$1,372
21 years$8,455$6,759$5,355$4,211$3,289$1,155
22 years$7,986$6,309$4,936$3,829$2,948$973
23 years$7,558$5,901$4,557$3,487$2,647$821
24 years$7,166$5,528$4,215$3,180$2,379$693
25 years$6,806$5,188$3,904$2,904$2,141$585
26 years$6,475$4,876$3,620$2,656$1,928$494
27 years$6,168$4,589$3,362$2,431$1,738$417
28 years$5,884$4,324$3,125$2,227$1,569$353
29 years$5,620$4,079$2,908$2,042$1,416$298
30 years$5,374$3,852$2,709$1,874$1,280$252
31 years$5,144$3,642$2,526$1,721$1,157$213
32 years$4,929$3,446$2,356$1,582$1,047$181
33 years$4,728$3,263$2,200$1,455$947$153
34 years$4,539$3,093$2,056$1,339$858$129
35 years$4,361$2,934$1,922$1,232$777$109
36 years$4,193$2,784$1,798$1,135$704$93
37 years$4,035$2,645$1,683$1,046$638$78
38 years$3,885$2,513$1,576$964$578$66
39 years$3,743$2,390$1,476$889$524$56
40 years$3,609$2,274$1,384$820$476$48
41 years$3,482$2,164$1,298$756$432$40
42 years$3,361$2,061$1,217$698$392$34
43 years$3,246$1,964$1,142$644$355$29
44 years$3,137$1,872$1,072$595$323$24
45 years$3,032$1,785$1,007$549$293$21
46 years$2,933$1,703$946$507$266$18
47 years$2,838$1,625$888$469$241$15
48 years$2,747$1,551$835$433$219$13
49 years$2,661$1,482$785$400$199$11
50 years$2,578$1,415$738$370$181$9

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 $5,856 every year, while hoping to spend $58,919 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: 62/27/11 Blend
50$2,640,000$2,640,000$2,640,000$2,640,000
51$2,915,320$2,775,400$2,734,480$3,088,325
52$3,149,994$2,848,706$2,763,396$3,278,222
53$3,406,629$2,923,628$2,791,306$3,478,117
54$3,687,404$3,000,185$2,818,114$3,694,848
55$3,994,717$3,078,392$2,843,718$3,930,047
56$4,331,209$3,158,264$2,868,014$4,185,509
57$4,699,788$3,239,814$2,890,887$4,463,214
58$5,103,655$3,323,054$2,912,221$4,765,338
59$5,546,339$3,407,994$2,931,891$5,094,282
60$6,031,722$3,494,643$2,949,766$5,452,686
61$6,564,084$3,583,007$2,965,710$5,843,459
62$7,148,137$3,673,090$2,979,577$6,269,807
63$7,789,069$3,764,894$2,991,216$6,735,259
64$8,492,600$3,858,419$3,000,467$7,243,703
65$9,265,025$3,953,662$3,007,163$7,799,421
66$10,113,283$4,050,617$3,011,128$8,407,133
67$11,045,015$4,149,274$3,012,177$9,072,035
68$12,068,638$4,249,620$3,010,117$9,799,855
69$13,193,428$4,351,640$3,004,745$10,596,901
70$14,429,601$4,455,314$2,995,847$11,470,123
71$15,788,412$4,560,616$2,983,200$12,427,181
72$17,282,262$4,667,519$2,966,569$13,476,512
73$18,924,813$4,775,987$2,945,710$14,627,413
74$20,731,117$4,885,983$2,920,364$15,890,128
75$22,717,757$4,997,463$2,890,262$17,275,946
76$24,903,004$5,110,374$2,855,122$18,797,302
77$27,306,990$5,224,662$2,814,647$20,467,903
78$29,951,894$5,340,262$2,768,529$22,302,849
79$32,862,156$5,457,103$2,716,444$24,318,782
80$36,064,702$5,575,107$2,658,051$26,534,040
81$39,589,202$5,694,188$2,592,996$28,968,828
82$43,468,347$5,814,249$2,520,907$31,645,413
83$47,738,157$5,935,187$2,441,397$34,588,334
84$52,438,324$6,056,885$2,354,058$37,824,629
85$57,612,580$6,179,220$2,258,466$41,384,096
86$63,309,115$6,302,053$2,154,177$45,299,571
87$69,581,028$6,425,237$2,040,725$49,607,239
88$76,486,829$6,548,610$1,917,626$54,346,976
89$84,090,991$6,671,997$1,784,371$59,562,725
90$92,464,556$6,795,209$1,640,432$65,302,912
91$101,685,808$6,918,042$1,485,254$71,620,903
92$111,841,008$7,040,274$1,318,258$78,575,507
93$123,025,212$7,161,667$1,138,840$86,231,535
94$135,343,161$7,281,967$946,368$94,660,406
95$148,910,276$7,400,896$740,184$103,940,829
96$163,853,744$7,518,159$519,600$114,159,539
97$180,313,716$7,633,439$283,897$125,412,125
98$198,444,632$7,746,395$32,324$137,803,923
99$218,416,677$7,856,661$0$151,451,021
100$240,417,388$7,963,847$0$166,509,062