Can I retire at age 51 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$205,622$203,790$202,003$200,259$198,556$192,741
2 years$101,793$99,897$98,060$96,278$94,551$88,739
3 years$67,188$65,284$63,451$61,687$59,987$54,361
4 years$49,889$47,991$46,176$44,442$42,783$37,386
5 years$39,512$37,625$35,835$34,135$32,523$27,370
6 years$32,596$30,724$28,960$27,298$25,734$20,829
7 years$27,659$25,802$24,066$22,444$20,929$16,272
8 years$23,957$22,117$20,410$18,827$17,363$12,951
9 years$21,079$19,257$17,579$16,037$14,622$10,451
10 years$18,779$16,974$15,326$13,824$12,458$8,523
11 years$16,898$15,111$13,492$12,031$10,715$7,008
12 years$15,331$13,563$11,974$10,553$9,285$5,799
13 years$14,007$12,257$10,698$9,316$8,097$4,824
14 years$12,872$11,141$9,612$8,270$7,098$4,030
15 years$11,890$10,178$8,679$7,375$6,249$3,379
16 years$11,032$9,338$7,868$6,604$5,523$2,840
17 years$10,275$8,600$7,160$5,934$4,897$2,393
18 years$9,603$7,946$6,536$5,347$4,354$2,021
19 years$9,002$7,365$5,984$4,832$3,881$1,709
20 years$8,463$6,844$5,491$4,376$3,467$1,447
21 years$7,975$6,375$5,051$3,972$3,102$1,227
22 years$7,532$5,950$4,655$3,611$2,781$1,041
23 years$7,129$5,565$4,298$3,289$2,496$884
24 years$6,759$5,214$3,975$2,999$2,244$752
25 years$6,420$4,893$3,682$2,739$2,019$639
26 years$6,107$4,599$3,415$2,505$1,819$544
27 years$5,818$4,328$3,171$2,293$1,640$463
28 years$5,550$4,078$2,948$2,100$1,479$394
29 years$5,301$3,848$2,743$1,926$1,336$336
30 years$5,069$3,634$2,555$1,768$1,207$286
31 years$4,852$3,435$2,382$1,624$1,091$244
32 years$4,649$3,250$2,223$1,492$987$208
33 years$4,459$3,078$2,075$1,372$893$177
34 years$4,281$2,917$1,939$1,262$809$151
35 years$4,113$2,767$1,813$1,162$733$129
36 years$3,955$2,626$1,696$1,070$664$110
37 years$3,805$2,494$1,587$986$602$94
38 years$3,664$2,370$1,486$909$545$80
39 years$3,531$2,254$1,393$838$495$68
40 years$3,404$2,145$1,305$773$449$58
41 years$3,284$2,041$1,224$713$407$50
42 years$3,170$1,944$1,148$658$369$42
43 years$3,062$1,852$1,077$608$335$36
44 years$2,958$1,766$1,011$561$304$31
45 years$2,860$1,684$950$518$276$26
46 years$2,766$1,606$892$479$251$22
47 years$2,677$1,533$838$442$228$19
48 years$2,591$1,463$787$409$207$16
49 years$2,509$1,397$740$378$188$14
50 years$2,431$1,335$696$349$171$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,490,000, adding $6,711 every year, while hoping to spend $49,044 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: 67/8/25 Blend
50$2,490,000$2,490,000$2,490,000$2,490,000
51$2,750,902$2,618,932$2,580,337$2,917,019
52$2,979,312$2,695,078$2,614,596$3,105,670
53$3,229,376$2,773,310$2,648,359$3,305,723
54$3,503,250$2,853,681$2,681,557$3,523,395
55$3,803,311$2,936,240$2,714,119$3,760,425
56$4,132,174$3,021,042$2,745,967$4,018,728
57$4,492,720$3,108,137$2,777,022$4,300,417
58$4,888,123$3,197,581$2,807,197$4,607,815
59$5,321,877$3,289,427$2,836,403$4,943,487
60$5,797,831$3,383,732$2,864,545$5,310,253
61$6,320,226$3,480,551$2,891,524$5,711,223
62$6,893,732$3,579,941$2,917,233$6,149,824
63$7,523,494$3,681,960$2,941,562$6,629,831
64$8,215,180$3,786,666$2,964,394$7,155,403
65$8,975,033$3,894,117$2,985,606$7,731,124
66$9,809,932$4,004,374$3,005,069$8,362,042
67$10,727,452$4,117,495$3,022,646$9,053,723
68$11,735,942$4,233,543$3,038,194$9,812,299
69$12,844,598$4,352,576$3,051,564$10,644,525
70$14,063,552$4,474,658$3,062,596$11,557,848
71$15,403,967$4,599,848$3,071,126$12,560,471
72$16,878,141$4,728,210$3,076,978$13,661,436
73$18,499,624$4,859,805$3,079,969$14,870,705
74$20,283,346$4,994,696$3,079,908$16,199,257
75$22,245,755$5,132,944$3,076,593$17,659,189
76$24,404,976$5,274,612$3,069,813$19,263,836
77$26,780,977$5,419,761$3,059,345$21,027,888
78$29,395,761$5,568,454$3,044,957$22,967,536
79$32,273,571$5,720,751$3,026,406$25,100,623
80$35,441,121$5,876,713$3,003,436$27,446,811
81$38,927,843$6,036,400$2,975,779$30,027,768
82$42,766,170$6,199,870$2,943,155$32,867,374
83$46,991,839$6,367,184$2,905,270$35,991,943
84$51,644,227$6,538,396$2,861,817$39,430,474
85$56,766,724$6,713,563$2,812,474$43,214,927
86$62,407,141$6,892,739$2,756,903$47,380,520
87$68,618,163$7,075,977$2,694,752$51,966,066
88$75,457,842$7,263,326$2,625,653$57,014,336
89$82,990,148$7,454,835$2,549,218$62,572,466
90$91,285,570$7,650,550$2,465,045$68,692,402
91$100,421,785$7,850,513$2,372,710$75,431,389
92$110,484,383$8,054,764$2,271,772$82,852,513
93$121,567,683$8,263,340$2,161,769$91,025,296
94$133,775,617$8,476,275$2,042,219$100,026,356
95$147,222,714$8,693,596$1,912,617$109,940,124
96$162,035,177$8,915,328$1,772,435$120,859,650
97$178,352,077$9,141,491$1,621,124$132,887,473
98$196,326,664$9,372,099$1,458,107$146,136,598
99$216,127,813$9,607,162$1,282,783$160,731,558
100$237,941,618$9,846,681$1,094,525$176,809,591