Can I retire at age 51 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$198,190$196,424$194,702$193,021$191,379$190,014
2 years$98,114$96,286$94,516$92,799$91,133$89,756
3 years$64,759$62,924$61,158$59,457$57,819$56,473
4 years$48,086$46,256$44,507$42,835$41,237$39,933
5 years$38,084$36,265$34,539$32,902$31,347$30,089
6 years$31,418$29,613$27,913$26,312$24,804$23,593
7 years$26,659$24,869$23,196$21,632$20,172$19,009
8 years$23,091$21,318$19,672$18,147$16,735$15,619
9 years$20,318$18,561$16,943$15,457$14,093$13,024
10 years$18,100$16,360$14,772$13,324$12,008$10,986
11 years$16,287$14,565$13,005$11,596$10,327$9,351
12 years$14,777$13,072$11,541$10,171$8,950$8,018
13 years$13,500$11,814$10,311$8,980$7,804$6,917
14 years$12,407$10,738$9,265$7,971$6,841$5,997
15 years$11,460$9,810$8,365$7,109$6,023$5,221
16 years$10,633$9,000$7,584$6,365$5,324$4,562
17 years$9,904$8,289$6,901$5,719$4,720$3,998
18 years$9,256$7,659$6,300$5,154$4,197$3,513
19 years$8,677$7,099$5,767$4,657$3,741$3,094
20 years$8,157$6,596$5,293$4,218$3,341$2,730
21 years$7,687$6,144$4,868$3,828$2,990$2,413
22 years$7,260$5,735$4,487$3,481$2,680$2,136
23 years$6,871$5,364$4,143$3,170$2,406$1,893
24 years$6,515$5,026$3,832$2,891$2,163$1,680
25 years$6,188$4,717$3,549$2,640$1,946$1,492
26 years$5,886$4,433$3,291$2,414$1,753$1,327
27 years$5,607$4,172$3,056$2,210$1,580$1,180
28 years$5,349$3,931$2,841$2,025$1,426$1,051
29 years$5,109$3,708$2,644$1,857$1,288$936
30 years$4,885$3,502$2,463$1,704$1,163$834
31 years$4,677$3,311$2,296$1,565$1,052$744
32 years$4,481$3,133$2,142$1,438$951$664
33 years$4,298$2,967$2,000$1,323$861$592
34 years$4,126$2,812$1,869$1,217$780$529
35 years$3,964$2,667$1,747$1,120$706$472
36 years$3,812$2,531$1,634$1,032$640$422
37 years$3,668$2,404$1,530$951$580$377
38 years$3,532$2,285$1,433$876$526$337
39 years$3,403$2,173$1,342$808$477$301
40 years$3,281$2,067$1,258$745$432$269
41 years$3,165$1,968$1,180$687$392$241
42 years$3,056$1,874$1,107$634$356$215
43 years$2,951$1,785$1,038$586$323$192
44 years$2,852$1,702$975$541$293$172
45 years$2,757$1,623$915$499$266$154
46 years$2,666$1,548$860$461$242$138
47 years$2,580$1,477$808$426$219$123
48 years$2,498$1,410$759$394$199$110
49 years$2,419$1,347$713$364$181$99
50 years$2,343$1,287$671$336$164$88

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,400,000, adding $5,419 every year, while hoping to spend $32,848 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: 86/5/9 Blend
50$2,400,000$2,400,000$2,400,000$2,400,000
51$2,650,390$2,523,190$2,485,990$2,874,882
52$2,885,779$2,611,876$2,534,320$3,110,890
53$3,144,078$2,703,807$2,583,169$3,365,153
54$3,427,587$2,799,107$2,632,519$3,643,535
55$3,738,843$2,897,905$2,682,350$3,948,445
56$4,080,639$3,000,336$2,732,643$4,282,535
57$4,456,052$3,106,540$2,783,374$4,648,726
58$4,868,471$3,216,663$2,834,519$5,050,237
59$5,321,631$3,330,855$2,886,051$5,490,612
60$5,819,645$3,449,275$2,937,941$5,973,755
61$6,367,046$3,572,086$2,990,159$6,503,968
62$6,968,826$3,699,460$3,042,671$7,085,988
63$7,630,487$3,831,574$3,095,441$7,725,034
64$8,358,088$3,968,613$3,148,430$8,426,858
65$9,158,308$4,110,769$3,201,597$9,197,792
66$10,038,502$4,258,244$3,254,897$10,044,816
67$11,006,777$4,411,245$3,308,284$10,975,618
68$12,072,062$4,569,990$3,361,706$11,998,669
69$13,244,198$4,734,706$3,415,109$13,123,301
70$14,534,027$4,905,627$3,468,436$14,359,797
71$15,953,495$5,083,000$3,521,625$15,719,484
72$17,515,764$5,267,079$3,574,612$17,214,846
73$19,235,336$5,458,131$3,627,326$18,859,634
74$21,128,194$5,656,433$3,679,695$20,669,002
75$23,211,945$5,862,273$3,731,640$22,659,646
76$25,505,992$6,075,953$3,783,079$24,849,962
77$28,031,715$6,297,786$3,833,923$27,260,220
78$30,812,670$6,528,098$3,884,080$29,912,755
79$33,874,817$6,767,230$3,933,452$32,832,177
80$37,246,760$7,015,536$3,981,934$36,045,605
81$40,960,017$7,273,385$4,029,416$39,582,919
82$45,049,321$7,541,162$4,075,783$43,477,043
83$49,552,941$7,819,269$4,120,912$47,764,259
84$54,513,052$8,108,124$4,164,673$52,484,544
85$59,976,124$8,408,162$4,206,930$57,681,951
86$65,993,365$8,719,839$4,247,539$63,405,021
87$72,621,205$9,043,628$4,286,348$69,707,245
88$79,921,825$9,380,022$4,323,198$76,647,563
89$87,963,746$9,729,538$4,357,919$84,290,927
90$96,822,474$10,092,712$4,390,336$92,708,908
91$106,581,215$10,470,103$4,420,261$101,980,373
92$117,331,657$10,862,296$4,447,498$112,192,230
93$129,174,838$11,269,901$4,471,841$123,440,247
94$142,222,097$11,693,551$4,493,073$135,829,957
95$156,596,126$12,133,911$4,510,966$149,477,650
96$172,432,129$12,591,670$4,525,281$164,511,477
97$189,879,094$13,067,550$4,535,766$181,072,652
98$209,101,205$13,562,303$4,542,158$199,316,789
99$230,279,386$14,076,715$4,544,178$219,415,371
100$253,613,012$14,611,602$4,541,537$241,557,366