Can I retire at age 51 with 2,510,000?

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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$207,273$205,427$203,626$201,868$200,151$195,312
2 years$102,611$100,700$98,848$97,052$95,310$90,464
3 years$67,728$65,808$63,961$62,182$60,469$55,767
4 years$50,289$48,376$46,547$44,799$43,127$38,606
5 years$39,829$37,927$36,122$34,410$32,784$28,456
6 years$32,858$30,971$29,192$27,518$25,941$21,811
7 years$27,881$26,009$24,259$22,624$21,097$17,165
8 years$24,149$22,295$20,574$18,979$17,502$13,766
9 years$21,249$19,411$17,720$16,166$14,739$11,197
10 years$18,930$17,110$15,449$13,935$12,559$9,205
11 years$17,033$15,232$13,601$12,127$10,801$7,632
12 years$15,454$13,672$12,070$10,637$9,360$6,370
13 years$14,119$12,355$10,784$9,391$8,162$5,346
14 years$12,976$11,230$9,690$8,337$7,155$4,506
15 years$11,986$10,259$8,748$7,435$6,300$3,812
16 years$11,120$9,413$7,932$6,657$5,568$3,235
17 years$10,357$8,669$7,217$5,981$4,937$2,752
18 years$9,680$8,010$6,589$5,390$4,389$2,346
19 years$9,075$7,424$6,032$4,871$3,912$2,003
20 years$8,531$6,899$5,535$4,411$3,495$1,713
21 years$8,039$6,426$5,092$4,003$3,127$1,467
22 years$7,593$5,998$4,693$3,640$2,803$1,258
23 years$7,186$5,610$4,333$3,315$2,516$1,079
24 years$6,813$5,256$4,007$3,024$2,262$927
25 years$6,471$4,933$3,711$2,761$2,035$796
26 years$6,156$4,636$3,442$2,525$1,833$685
27 years$5,864$4,363$3,196$2,311$1,653$589
28 years$5,594$4,111$2,971$2,117$1,491$507
29 years$5,343$3,878$2,765$1,942$1,347$436
30 years$5,109$3,663$2,576$1,782$1,217$376
31 years$4,891$3,463$2,401$1,637$1,100$324
32 years$4,687$3,276$2,240$1,504$995$279
33 years$4,495$3,103$2,092$1,383$901$240
34 years$4,315$2,941$1,954$1,273$815$207
35 years$4,146$2,789$1,827$1,171$738$179
36 years$3,986$2,647$1,709$1,079$669$154
37 years$3,836$2,514$1,600$994$606$133
38 years$3,694$2,390$1,498$916$550$114
39 years$3,559$2,272$1,404$845$499$99
40 years$3,432$2,162$1,316$779$452$85
41 years$3,311$2,058$1,234$719$410$73
42 years$3,196$1,960$1,157$664$372$63
43 years$3,086$1,867$1,086$612$338$55
44 years$2,982$1,780$1,019$566$307$47
45 years$2,883$1,697$957$522$278$41
46 years$2,789$1,619$899$482$253$35
47 years$2,698$1,545$845$446$230$30
48 years$2,612$1,475$794$412$208$26
49 years$2,530$1,409$746$381$189$23
50 years$2,451$1,346$701$352$172$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,510,000, adding $6,425 every year, while hoping to spend $24,754 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: 70/24/6 Blend
50$2,510,000$2,510,000$2,510,000$2,510,000
51$2,772,647$2,639,617$2,600,712$2,964,076
52$3,029,119$2,742,621$2,661,498$3,194,428
53$3,310,922$2,849,841$2,723,491$3,442,719
54$3,620,612$2,961,460$2,786,704$3,713,708
55$3,961,009$3,077,665$2,851,152$4,009,617
56$4,335,215$3,198,654$2,916,849$4,332,891
57$4,746,651$3,324,632$2,983,808$4,686,221
58$5,199,084$3,455,814$3,052,040$5,072,568
59$5,696,666$3,592,425$3,121,560$5,495,192
60$6,243,972$3,734,699$3,192,377$5,957,682
61$6,846,038$3,882,881$3,264,503$6,463,985
62$7,508,419$4,037,227$3,337,949$7,018,452
63$8,237,232$4,198,005$3,412,724$7,625,868
64$9,039,216$4,365,494$3,488,837$8,291,505
65$9,921,799$4,539,986$3,566,296$9,021,166
66$10,893,164$4,721,787$3,645,108$9,821,240
67$11,962,327$4,911,215$3,725,280$10,698,763
68$13,139,224$5,108,604$3,806,816$11,661,485
69$14,434,802$5,314,302$3,889,722$12,717,937
70$15,861,123$5,528,674$3,973,998$13,877,517
71$17,431,478$5,752,100$4,059,649$15,150,574
72$19,160,515$5,984,979$4,146,672$16,548,506
73$21,064,370$6,227,726$4,235,069$18,083,867
74$23,160,828$6,480,776$4,324,835$19,770,484
75$25,469,482$6,744,584$4,415,968$21,623,587
76$28,011,927$7,019,626$4,508,460$23,659,953
77$30,811,954$7,306,399$4,602,304$25,898,060
78$33,895,783$7,605,421$4,697,490$28,358,263
79$37,292,303$7,917,238$4,794,007$31,062,986
80$41,033,353$8,242,417$4,891,841$34,036,928
81$45,154,012$8,581,553$4,990,975$37,307,301
82$49,692,939$8,935,267$5,091,390$40,904,081
83$54,692,733$9,304,209$5,193,066$44,860,291
84$60,200,336$9,689,059$5,295,978$49,212,312
85$66,267,476$10,090,529$5,400,099$54,000,225
86$72,951,156$10,509,362$5,505,400$59,268,187
87$80,314,189$10,946,337$5,611,846$65,064,848
88$88,425,796$11,402,267$5,719,402$71,443,805
89$97,362,252$11,878,003$5,828,028$78,464,110
90$107,207,614$12,374,437$5,937,678$86,190,826
91$118,054,506$12,892,500$6,048,306$94,695,636
92$130,005,000$13,433,167$6,159,859$104,057,520
93$143,171,576$13,997,458$6,272,280$114,363,498
94$157,678,184$14,586,441$6,385,509$125,709,451
95$173,661,414$15,201,231$6,499,479$138,201,022
96$191,271,785$15,842,999$6,614,118$151,954,610
97$210,675,166$16,512,965$6,729,350$167,098,471
98$232,054,343$17,212,410$6,845,093$183,773,923
99$255,610,740$17,942,672$6,961,258$202,136,677
100$281,566,326$18,705,153$7,077,750$222,358,305