Can I retire at age 51 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$203,145$201,335$199,570$197,846$196,164$192,835
2 years$100,567$98,694$96,878$95,118$93,411$90,068
3 years$66,378$64,497$62,687$60,943$59,264$56,010
4 years$49,288$47,412$45,620$43,906$42,268$39,128
5 years$39,036$37,172$35,403$33,724$32,131$29,115
6 years$32,204$30,354$28,611$26,970$25,424$22,535
7 years$27,325$25,491$23,776$22,173$20,677$17,915
8 years$23,668$21,850$20,164$18,600$17,153$14,519
9 years$20,825$19,025$17,367$15,843$14,446$11,937
10 years$18,552$16,769$15,141$13,657$12,308$9,924
11 years$16,694$14,929$13,330$11,886$10,586$8,322
12 years$15,146$13,399$11,830$10,426$9,173$7,028
13 years$13,838$12,109$10,569$9,204$7,999$5,969
14 years$12,717$11,007$9,496$8,170$7,012$5,093
15 years$11,747$10,055$8,574$7,287$6,174$4,363
16 years$10,899$9,225$7,774$6,524$5,457$3,749
17 years$10,151$8,496$7,074$5,862$4,838$3,231
18 years$9,487$7,851$6,457$5,283$4,302$2,791
19 years$8,894$7,276$5,911$4,774$3,834$2,415
20 years$8,361$6,761$5,425$4,323$3,425$2,094
21 years$7,879$6,298$4,990$3,924$3,065$1,818
22 years$7,441$5,879$4,599$3,568$2,747$1,580
23 years$7,043$5,498$4,247$3,249$2,466$1,375
24 years$6,678$5,152$3,927$2,963$2,217$1,197
25 years$6,342$4,834$3,637$2,706$1,995$1,044
26 years$6,033$4,544$3,374$2,474$1,797$911
27 years$5,748$4,276$3,133$2,265$1,620$795
28 years$5,483$4,029$2,912$2,075$1,462$694
29 years$5,237$3,801$2,710$1,903$1,320$606
30 years$5,007$3,590$2,524$1,746$1,193$530
31 years$4,793$3,394$2,353$1,604$1,078$463
32 years$4,593$3,211$2,196$1,474$975$405
33 years$4,405$3,041$2,050$1,356$883$354
34 years$4,229$2,882$1,916$1,247$799$310
35 years$4,063$2,734$1,791$1,148$724$271
36 years$3,907$2,595$1,675$1,057$656$238
37 years$3,760$2,464$1,568$974$594$208
38 years$3,620$2,342$1,468$898$539$182
39 years$3,488$2,227$1,376$828$489$160
40 years$3,363$2,119$1,290$764$443$140
41 years$3,245$2,017$1,209$705$402$122
42 years$3,132$1,921$1,134$650$365$107
43 years$3,025$1,830$1,064$600$331$94
44 years$2,923$1,744$999$554$301$82
45 years$2,826$1,664$938$512$273$72
46 years$2,733$1,587$881$473$248$63
47 years$2,645$1,514$828$437$225$55
48 years$2,560$1,446$778$404$204$48
49 years$2,479$1,381$731$373$186$42
50 years$2,402$1,319$687$345$169$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,460,000, adding $3,869 every year, while hoping to spend $43,314 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: 45/25/30 Blend
50$2,460,000$2,460,000$2,460,000$2,460,000
51$2,714,911$2,584,531$2,546,401$2,813,357
52$2,945,746$2,665,087$2,585,620$2,964,529
53$3,198,675$2,748,139$2,624,700$3,123,953
54$3,475,905$2,833,763$2,663,593$3,296,047
55$3,779,867$2,922,038$2,702,244$3,482,021
56$4,113,241$3,013,045$2,740,596$3,683,207
57$4,478,975$3,106,868$2,778,590$3,901,072
58$4,880,320$3,203,593$2,816,161$4,137,229
59$5,320,852$3,303,309$2,853,243$4,393,456
60$5,804,515$3,406,107$2,889,763$4,671,710
61$6,335,652$3,512,083$2,925,646$4,974,145
62$6,919,045$3,621,331$2,960,811$5,303,134
63$7,559,965$3,733,954$2,995,176$5,661,291
64$8,264,216$3,850,053$3,028,649$6,051,494
65$9,038,195$3,969,734$3,061,138$6,476,913
66$9,888,948$4,093,107$3,092,542$6,941,041
67$10,824,236$4,220,285$3,122,758$7,447,724
68$11,852,611$4,351,383$3,151,674$8,001,199
69$12,983,497$4,486,520$3,179,174$8,606,134
70$14,227,273$4,625,819$3,205,137$9,267,671
71$15,595,378$4,769,407$3,229,431$9,991,476
72$17,100,412$4,917,414$3,251,923$10,783,789
73$18,756,261$5,069,973$3,272,469$11,651,488
74$20,578,222$5,227,224$3,290,919$12,602,147
75$22,583,150$5,389,308$3,307,114$13,644,115
76$24,789,619$5,556,371$3,320,890$14,786,589
77$27,218,091$5,728,565$3,332,071$16,039,701
78$29,891,116$5,906,044$3,340,475$17,414,618
79$32,833,538$6,088,968$3,345,909$18,923,644
80$36,072,732$6,277,502$3,348,171$20,580,333
81$39,638,866$6,471,814$3,347,049$22,399,625
82$43,565,176$6,672,078$3,342,321$24,397,979
83$47,888,289$6,878,475$3,333,754$26,593,533
84$52,648,562$7,091,189$3,321,103$29,006,274
85$57,890,468$7,310,409$3,304,112$31,658,224
86$63,663,007$7,536,331$3,282,511$34,573,653
87$70,020,179$7,769,156$3,256,020$37,779,303
88$77,021,484$8,009,091$3,224,343$41,304,645
89$84,732,488$8,256,349$3,187,172$45,182,153
90$93,225,441$8,511,150$3,144,181$49,447,612
91$102,579,958$8,773,718$3,095,033$54,140,459
92$112,883,769$9,044,286$3,039,373$59,304,150
93$124,233,550$9,323,093$2,976,828$64,986,574
94$136,735,832$9,610,383$2,907,011$71,240,503
95$150,508,005$9,906,411$2,829,515$78,124,094
96$165,679,431$10,211,434$2,743,913$85,701,432
97$182,392,661$10,525,722$2,649,762$94,043,140
98$200,804,778$10,849,549$2,546,595$103,227,045
99$221,088,886$11,183,197$2,433,926$113,338,913
100$243,435,736$11,526,958$2,311,247$124,473,256