Can I retire at age 51 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$203,970$202,153$200,381$198,651$196,961$192,748
2 years$100,975$99,095$97,272$95,505$93,791$89,567
3 years$66,648$64,760$62,942$61,191$59,505$55,402
4 years$49,488$47,605$45,805$44,085$42,439$38,489
5 years$39,195$37,323$35,547$33,861$32,262$28,475
6 years$32,335$30,477$28,727$27,079$25,528$21,908
7 years$27,436$25,595$23,872$22,263$20,761$17,310
8 years$23,765$21,939$20,246$18,676$17,223$13,939
9 years$20,910$19,102$17,438$15,908$14,504$11,385
10 years$18,628$16,838$15,202$13,713$12,358$9,401
11 years$16,762$14,989$13,384$11,934$10,629$7,829
12 years$15,208$13,454$11,878$10,468$9,211$6,565
13 years$13,894$12,158$10,612$9,242$8,032$5,535
14 years$12,769$11,052$9,535$8,204$7,041$4,688
15 years$11,795$10,096$8,609$7,316$6,199$3,985
16 years$10,943$9,263$7,805$6,551$5,479$3,398
17 years$10,192$8,531$7,102$5,886$4,858$2,905
18 years$9,526$7,883$6,484$5,304$4,319$2,489
19 years$8,930$7,306$5,935$4,793$3,850$2,137
20 years$8,395$6,789$5,447$4,341$3,439$1,837
21 years$7,911$6,323$5,010$3,940$3,077$1,582
22 years$7,472$5,903$4,618$3,582$2,758$1,363
23 years$7,071$5,521$4,264$3,262$2,476$1,176
24 years$6,705$5,172$3,943$2,975$2,226$1,016
25 years$6,368$4,854$3,652$2,717$2,003$878
26 years$6,058$4,562$3,387$2,485$1,804$759
27 years$5,771$4,293$3,145$2,274$1,626$657
28 years$5,505$4,046$2,924$2,084$1,468$568
29 years$5,258$3,817$2,721$1,911$1,325$492
30 years$5,028$3,604$2,535$1,754$1,197$426
31 years$4,813$3,407$2,363$1,611$1,083$369
32 years$4,612$3,224$2,205$1,480$979$320
33 years$4,423$3,053$2,058$1,361$886$277
34 years$4,246$2,894$1,923$1,252$802$240
35 years$4,080$2,745$1,798$1,153$727$208
36 years$3,923$2,605$1,682$1,062$658$181
37 years$3,775$2,474$1,574$978$597$157
38 years$3,635$2,351$1,474$902$541$136
39 years$3,502$2,236$1,381$831$491$118
40 years$3,377$2,127$1,295$767$445$102
41 years$3,258$2,025$1,214$707$404$89
42 years$3,145$1,929$1,139$653$366$77
43 years$3,037$1,838$1,069$603$332$67
44 years$2,935$1,752$1,003$557$302$58
45 years$2,837$1,670$942$514$274$50
46 years$2,744$1,593$885$475$249$44
47 years$2,655$1,521$831$439$226$38
48 years$2,570$1,452$781$405$205$33
49 years$2,489$1,386$734$375$186$29
50 years$2,412$1,324$690$346$169$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,470,000, adding $4,060 every year, while hoping to spend $38,383 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: 66/24/10 Blend
50$2,470,000$2,470,000$2,470,000$2,470,000
51$2,726,128$2,595,218$2,556,933$2,900,053
52$2,963,354$2,681,544$2,601,751$3,102,669
53$3,223,490$2,770,814$2,646,784$3,319,107
54$3,508,834$2,863,132$2,691,999$3,554,667
55$3,821,913$2,958,604$2,737,359$3,811,213
56$4,165,515$3,057,342$2,782,827$4,090,795
57$4,542,708$3,159,462$2,828,363$4,395,671
58$4,956,872$3,265,084$2,873,921$4,728,325
59$5,411,732$3,374,332$2,919,456$5,091,491
60$5,911,389$3,487,334$2,964,918$5,488,181
61$6,460,362$3,604,225$3,010,254$5,921,711
62$7,063,630$3,725,143$3,055,409$6,395,729
63$7,726,677$3,850,232$3,100,322$6,914,255
64$8,455,546$3,979,641$3,144,930$7,481,715
65$9,256,892$4,113,524$3,189,166$8,102,982
66$10,138,051$4,252,042$3,232,959$8,783,424
67$11,107,102$4,395,362$3,276,232$9,528,953
68$12,172,947$4,543,656$3,318,907$10,346,077
69$13,345,396$4,697,104$3,360,899$11,241,969
70$14,635,255$4,855,890$3,402,118$12,224,525
71$16,054,432$5,020,209$3,442,469$13,302,445
72$17,616,045$5,190,261$3,481,853$14,485,311
73$19,334,551$5,366,253$3,520,165$15,783,680
74$21,225,878$5,548,402$3,557,293$17,209,177
75$23,307,574$5,736,931$3,593,119$18,774,613
76$25,598,978$5,932,072$3,627,520$20,494,098
77$28,121,398$6,134,067$3,660,365$22,383,176
78$30,898,310$6,343,166$3,691,518$24,458,973
79$33,955,587$6,559,630$3,720,833$26,740,356
80$37,321,734$6,783,729$3,748,157$29,248,110
81$41,028,162$7,015,743$3,773,332$32,005,135
82$45,109,483$7,255,964$3,796,187$35,036,663
83$49,603,838$7,504,693$3,816,547$38,370,490
84$54,553,252$7,762,245$3,834,224$42,037,243
85$60,004,036$8,028,947$3,849,022$46,070,667
86$66,007,219$8,305,138$3,860,736$50,507,942
87$72,619,035$8,591,169$3,869,150$55,390,033
88$79,901,447$8,887,407$3,874,037$60,762,077
89$87,922,736$9,194,231$3,875,159$66,673,807
90$96,758,143$9,512,037$3,872,265$73,180,021
91$106,490,582$9,841,235$3,865,094$80,341,101
92$117,211,418$10,182,251$3,853,371$88,223,577
93$129,021,330$10,535,530$3,836,807$96,900,759
94$142,031,266$10,901,531$3,815,101$106,453,425
95$156,363,483$11,280,734$3,787,934$116,970,583
96$172,152,704$11,673,635$3,754,976$128,550,313
97$189,547,391$12,080,754$3,715,878$141,300,687
98$208,711,141$12,502,628$3,670,276$155,340,792
99$229,824,236$12,939,815$3,617,790$170,801,852
100$253,085,341$13,392,899$3,558,018$187,828,465