Can I retire at age 51 with 2,420,000?

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 $2,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$199,841$198,061$196,325$194,629$192,974$188,004
2 years$98,931$97,089$95,303$93,572$91,892$86,918
3 years$65,299$63,449$61,667$59,952$58,300$53,478
4 years$48,486$46,641$44,878$43,192$41,580$36,946
5 years$38,401$36,567$34,827$33,176$31,609$27,176
6 years$31,680$29,860$28,146$26,531$25,011$20,784
7 years$26,881$25,076$23,389$21,813$20,341$16,320
8 years$23,283$21,495$19,836$18,298$16,874$13,058
9 years$20,487$18,715$17,085$15,586$14,211$10,595
10 years$18,251$16,497$14,895$13,435$12,108$8,689
11 years$16,423$14,686$13,113$11,693$10,413$7,186
12 years$14,900$13,181$11,638$10,256$9,024$5,982
13 years$13,613$11,912$10,397$9,055$7,869$5,007
14 years$12,510$10,828$9,342$8,038$6,898$4,208
15 years$11,556$9,891$8,435$7,168$6,074$3,550
16 years$10,722$9,075$7,647$6,418$5,368$3,004
17 years$9,986$8,358$6,959$5,767$4,760$2,548
18 years$9,333$7,723$6,352$5,197$4,232$2,166
19 years$8,749$7,158$5,815$4,696$3,772$1,844
20 years$8,225$6,651$5,337$4,253$3,369$1,572
21 years$7,751$6,195$4,909$3,860$3,015$1,342
22 years$7,320$5,783$4,524$3,510$2,703$1,147
23 years$6,928$5,409$4,177$3,196$2,426$981
24 years$6,569$5,068$3,863$2,915$2,181$840
25 years$6,239$4,756$3,578$2,662$1,962$719
26 years$5,935$4,470$3,319$2,434$1,767$616
27 years$5,654$4,207$3,082$2,228$1,594$529
28 years$5,394$3,964$2,865$2,041$1,438$453
29 years$5,152$3,739$2,666$1,872$1,298$389
30 years$4,926$3,531$2,483$1,718$1,173$334
31 years$4,716$3,338$2,315$1,578$1,061$287
32 years$4,519$3,159$2,160$1,450$959$246
33 years$4,334$2,991$2,017$1,334$868$211
34 years$4,160$2,835$1,884$1,227$786$182
35 years$3,997$2,689$1,762$1,129$712$156
36 years$3,844$2,552$1,648$1,040$645$134
37 years$3,698$2,424$1,543$958$585$115
38 years$3,561$2,304$1,445$883$530$99
39 years$3,432$2,191$1,353$815$481$85
40 years$3,309$2,084$1,269$751$436$73
41 years$3,192$1,984$1,190$693$396$63
42 years$3,081$1,890$1,116$640$359$54
43 years$2,976$1,800$1,047$591$326$46
44 years$2,875$1,716$983$545$296$40
45 years$2,780$1,636$923$504$268$34
46 years$2,689$1,561$867$465$244$30
47 years$2,602$1,490$814$430$221$25
48 years$2,518$1,422$765$397$201$22
49 years$2,439$1,358$719$367$183$19
50 years$2,363$1,297$676$339$166$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,420,000, adding $2,282 every year, while hoping to spend $57,085 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: 70/18/12 Blend
50$2,420,000$2,420,000$2,420,000$2,420,000
51$2,669,194$2,540,934$2,503,424$2,849,072
52$2,880,714$2,604,702$2,526,551$3,032,462
53$3,111,895$2,669,681$2,548,539$3,225,953
54$3,364,684$2,735,870$2,569,290$3,436,191
55$3,641,221$2,803,268$2,588,701$3,664,817
56$3,943,865$2,871,867$2,606,662$3,913,634
57$4,275,213$2,941,663$2,623,059$4,184,631
58$4,638,125$3,012,644$2,637,771$4,479,996
59$5,035,749$3,084,799$2,650,672$4,802,142
60$5,471,553$3,158,112$2,661,627$5,153,723
61$5,949,357$3,232,565$2,670,497$5,537,666
62$6,473,368$3,308,137$2,677,136$5,957,194
63$7,048,220$3,384,804$2,681,388$6,415,858
64$7,679,015$3,462,536$2,683,091$6,917,568
65$8,371,375$3,541,301$2,682,075$7,466,635
66$9,131,493$3,621,062$2,678,162$8,067,806
67$9,966,189$3,701,778$2,671,164$8,726,313
68$10,882,977$3,783,402$2,660,885$9,447,918
69$11,890,136$3,865,884$2,647,120$10,238,971
70$12,996,783$3,949,165$2,629,652$11,106,471
71$14,212,964$4,033,184$2,608,255$12,058,126
72$15,549,747$4,117,871$2,582,692$13,102,431
73$17,019,325$4,203,149$2,552,715$14,248,747
74$18,635,129$4,288,937$2,518,064$15,507,389
75$20,411,960$4,375,143$2,478,468$16,889,722
76$22,366,124$4,461,669$2,433,640$18,408,271
77$24,515,585$4,548,407$2,383,283$20,076,837
78$26,880,137$4,635,241$2,327,085$21,910,629
79$29,481,587$4,722,044$2,264,719$23,926,404
80$32,343,966$4,808,681$2,195,844$26,142,632
81$35,493,747$4,895,004$2,120,102$28,579,664
82$38,960,104$4,980,853$2,037,119$31,259,926
83$42,775,177$5,066,057$1,946,506$34,208,132
84$46,974,384$5,150,433$1,847,853$37,451,519
85$51,596,749$5,233,782$1,740,733$41,020,099
86$56,685,270$5,315,890$1,624,701$44,946,946
87$62,287,329$5,396,530$1,499,289$49,268,509
88$68,455,132$5,475,456$1,364,011$54,024,956
89$75,246,209$5,552,406$1,218,359$59,260,551
90$82,723,947$5,627,099$1,061,799$65,024,073
91$90,958,198$5,699,235$893,777$71,369,280
92$100,025,929$5,768,493$713,714$78,355,414
93$110,011,954$5,834,529$521,003$86,047,760
94$121,009,729$5,896,977$315,013$94,518,263
95$133,122,239$5,955,446$95,084$103,846,211
96$146,462,965$6,009,521$0$114,118,979
97$161,156,956$6,058,756$0$125,450,735
98$177,342,010$6,102,679$0$137,943,872
99$195,169,971$6,140,786$0$151,703,239
100$214,808,164$6,172,541$0$166,857,811