Can I retire at age 51 with 2,520,000?

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 $2,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$208,099$206,246$204,437$202,672$200,948$193,357
2 years$103,019$101,101$99,241$97,438$95,690$88,130
3 years$67,997$66,070$64,216$62,430$60,709$53,419
4 years$50,490$48,569$46,733$44,977$43,299$36,333
5 years$39,988$38,079$36,266$34,547$32,915$26,292
6 years$32,989$31,094$29,309$27,627$26,044$19,769
7 years$27,992$26,113$24,356$22,714$21,181$15,251
8 years$24,246$22,383$20,655$19,054$17,572$11,981
9 years$21,333$19,489$17,791$16,230$14,798$9,540
10 years$19,005$17,178$15,510$13,990$12,609$7,673
11 years$17,101$15,293$13,655$12,176$10,844$6,219
12 years$15,516$13,726$12,118$10,680$9,397$5,072
13 years$14,175$12,404$10,827$9,429$8,194$4,157
14 years$13,027$11,275$9,728$8,370$7,183$3,420
15 years$12,033$10,300$8,783$7,464$6,325$2,822
16 years$11,165$9,450$7,963$6,683$5,590$2,335
17 years$10,399$8,703$7,246$6,005$4,956$1,936
18 years$9,719$8,042$6,615$5,412$4,407$1,608
19 years$9,111$7,453$6,056$4,890$3,928$1,338
20 years$8,565$6,926$5,558$4,429$3,508$1,114
21 years$8,071$6,451$5,112$4,019$3,140$928
22 years$7,623$6,022$4,711$3,655$2,814$774
23 years$7,214$5,632$4,350$3,328$2,526$646
24 years$6,840$5,277$4,023$3,036$2,271$540
25 years$6,497$4,952$3,726$2,772$2,043$451
26 years$6,180$4,654$3,456$2,535$1,840$377
27 years$5,888$4,380$3,209$2,320$1,659$315
28 years$5,617$4,128$2,983$2,126$1,497$264
29 years$5,364$3,894$2,776$1,949$1,352$221
30 years$5,130$3,677$2,586$1,789$1,222$185
31 years$4,910$3,476$2,411$1,643$1,104$154
32 years$4,705$3,289$2,249$1,510$999$129
33 years$4,513$3,115$2,100$1,389$904$108
34 years$4,332$2,952$1,962$1,278$819$91
35 years$4,162$2,800$1,835$1,176$741$76
36 years$4,002$2,658$1,716$1,083$672$63
37 years$3,851$2,524$1,606$998$609$53
38 years$3,708$2,399$1,504$920$552$45
39 years$3,573$2,281$1,409$848$501$37
40 years$3,445$2,170$1,321$782$454$31
41 years$3,324$2,066$1,239$722$412$26
42 years$3,208$1,968$1,162$666$374$22
43 years$3,099$1,875$1,090$615$339$18
44 years$2,994$1,787$1,023$568$308$15
45 years$2,895$1,704$961$524$280$13
46 years$2,800$1,626$903$484$254$11
47 years$2,709$1,551$848$447$230$9
48 years$2,622$1,481$797$414$209$8
49 years$2,540$1,414$749$382$190$6
50 years$2,460$1,351$704$353$173$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,520,000, adding $4,827 every year, while hoping to spend $51,345 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: 42/29/29 Blend
50$2,520,000$2,520,000$2,520,000$2,520,000
51$2,782,019$2,648,459$2,609,399$2,875,061
52$3,011,154$2,723,603$2,642,183$3,017,779
53$3,261,941$2,800,708$2,674,345$3,167,063
54$3,536,532$2,879,816$2,705,809$3,327,769
55$3,837,300$2,960,969$2,736,496$3,500,984
56$4,166,859$3,044,211$2,766,322$3,687,906
57$4,528,084$3,129,582$2,795,199$3,889,851
58$4,924,145$3,217,128$2,823,035$4,108,273
59$5,358,531$3,306,890$2,849,730$4,344,770
60$5,835,086$3,398,913$2,875,181$4,601,104
61$6,358,044$3,493,240$2,899,279$4,879,215
62$6,932,069$3,589,913$2,921,909$5,181,240
63$7,562,298$3,688,977$2,942,951$5,509,535
64$8,254,391$3,790,474$2,962,278$5,866,693
65$9,014,579$3,894,448$2,979,755$6,255,574
66$9,849,732$4,000,942$2,995,242$6,679,326
67$10,767,413$4,109,997$3,008,591$7,141,419
68$11,775,958$4,221,655$3,019,648$7,645,679
69$12,884,548$4,335,958$3,028,248$8,196,317
70$14,103,298$4,452,947$3,034,221$8,797,977
71$15,443,353$4,572,660$3,037,387$9,455,776
72$16,916,992$4,695,137$3,037,556$10,175,352
73$18,537,743$4,820,416$3,034,531$10,962,918
74$20,320,509$4,948,533$3,028,104$11,825,322
75$22,281,713$5,079,523$3,018,058$12,770,110
76$24,439,447$5,213,420$3,004,162$13,805,599
77$26,813,648$5,350,255$2,986,179$14,940,952
78$29,426,281$5,490,058$2,963,857$16,186,272
79$32,301,548$5,632,857$2,936,933$17,552,690
80$35,466,117$5,778,678$2,905,131$19,052,473
81$38,949,371$5,927,543$2,868,162$20,699,142
82$42,783,686$6,079,472$2,825,726$22,507,598
83$47,004,738$6,234,482$2,777,504$24,494,264
84$51,651,837$6,392,588$2,723,165$26,677,239
85$56,768,297$6,553,797$2,662,364$29,076,470
86$62,401,848$6,718,117$2,594,737$31,713,941
87$68,605,080$6,885,549$2,519,905$34,613,881
88$75,435,947$7,056,090$2,437,471$37,802,993
89$82,958,307$7,229,731$2,347,019$41,310,707
90$91,242,526$7,406,460$2,248,116$45,169,457
91$100,366,143$7,586,256$2,140,308$49,414,989
92$110,414,601$7,769,094$2,023,120$54,086,701
93$121,482,052$7,954,941$1,896,055$59,228,010
94$133,672,245$8,143,757$1,758,597$64,886,770
95$147,099,508$8,335,494$1,610,203$71,115,720
96$161,889,820$8,530,097$1,450,308$77,972,981
97$178,182,009$8,727,498$1,278,321$85,522,612
98$196,129,053$8,927,625$1,093,623$93,835,210
99$215,899,529$9,130,391$895,572$102,988,579
100$237,679,200$9,335,699$683,493$113,068,470