Can I retire at age 51 with 2,540,000?

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 $2,540,000?

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$209,751$207,882$206,060$204,280$202,543$199,106
2 years$103,837$101,903$100,029$98,212$96,449$92,997
3 years$68,537$66,595$64,725$62,925$61,191$57,831
4 years$50,891$48,954$47,103$45,334$43,642$40,400
5 years$40,305$38,381$36,554$34,821$33,176$30,062
6 years$33,251$31,341$29,541$27,847$26,251$23,268
7 years$28,214$26,320$24,549$22,894$21,349$18,498
8 years$24,438$22,561$20,819$19,205$17,711$14,991
9 years$21,503$19,643$17,932$16,359$14,915$12,325
10 years$19,156$17,315$15,633$14,101$12,709$10,246
11 years$17,237$15,414$13,763$12,272$10,930$8,593
12 years$15,639$13,835$12,215$10,765$9,472$7,256
13 years$14,288$12,503$10,913$9,503$8,259$6,163
14 years$13,131$11,365$9,805$8,436$7,240$5,259
15 years$12,129$10,382$8,853$7,524$6,375$4,504
16 years$11,253$9,525$8,026$6,737$5,634$3,871
17 years$10,481$8,772$7,304$6,053$4,996$3,336
18 years$9,796$8,106$6,667$5,455$4,442$2,881
19 years$9,183$7,513$6,104$4,929$3,959$2,494
20 years$8,633$6,981$5,602$4,464$3,536$2,162
21 years$8,135$6,503$5,152$4,051$3,165$1,877
22 years$7,683$6,070$4,749$3,684$2,837$1,631
23 years$7,272$5,677$4,385$3,355$2,546$1,420
24 years$6,895$5,319$4,055$3,060$2,289$1,236
25 years$6,549$4,992$3,756$2,794$2,059$1,078
26 years$6,229$4,691$3,483$2,555$1,855$940
27 years$5,934$4,415$3,235$2,339$1,673$821
28 years$5,661$4,160$3,007$2,143$1,509$717
29 years$5,407$3,925$2,798$1,965$1,363$626
30 years$5,170$3,707$2,606$1,803$1,231$547
31 years$4,949$3,504$2,430$1,656$1,113$478
32 years$4,743$3,315$2,267$1,522$1,007$418
33 years$4,549$3,140$2,117$1,400$911$366
34 years$4,367$2,976$1,978$1,288$825$320
35 years$4,195$2,822$1,849$1,185$747$280
36 years$4,034$2,679$1,730$1,092$677$245
37 years$3,882$2,544$1,619$1,006$614$215
38 years$3,738$2,418$1,516$927$556$188
39 years$3,602$2,299$1,421$855$505$165
40 years$3,473$2,188$1,331$789$458$144
41 years$3,350$2,082$1,248$728$415$126
42 years$3,234$1,983$1,171$671$377$111
43 years$3,123$1,890$1,099$620$342$97
44 years$3,018$1,801$1,032$572$310$85
45 years$2,918$1,718$969$529$282$74
46 years$2,822$1,639$910$488$256$65
47 years$2,731$1,564$855$451$232$57
48 years$2,643$1,493$803$417$211$50
49 years$2,560$1,425$755$385$192$44
50 years$2,480$1,362$710$356$174$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,540,000, adding $5,349 every year, while hoping to spend $28,222 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: 77/13/10 Blend
50$2,540,000$2,540,000$2,540,000$2,540,000
51$2,804,597$2,669,977$2,630,607$3,015,304
52$3,060,638$2,770,778$2,688,705$3,255,453
53$3,341,850$2,875,573$2,747,803$3,514,554
54$3,650,769$2,984,526$2,807,904$3,797,840
55$3,990,191$3,097,812$2,869,013$4,107,707
56$4,363,197$3,215,611$2,931,131$4,446,793
57$4,773,178$3,338,111$2,994,259$4,818,002
58$5,223,873$3,465,509$3,058,397$5,224,534
59$5,719,399$3,598,010$3,123,545$5,669,911
60$6,264,294$3,735,828$3,189,700$6,158,011
61$6,863,555$3,879,188$3,256,858$6,693,106
62$7,522,691$4,028,321$3,325,017$7,279,901
63$8,247,769$4,183,473$3,394,168$7,923,577
64$9,045,475$4,344,896$3,464,306$8,629,842
65$9,923,174$4,512,856$3,535,421$9,404,980
66$10,888,983$4,687,631$3,607,502$10,255,916
67$11,951,844$4,869,510$3,680,539$11,190,277
68$13,121,611$5,058,795$3,754,516$12,216,462
69$14,409,140$5,255,801$3,829,417$13,343,726
70$15,826,395$5,460,858$3,905,225$14,582,263
71$17,386,557$5,674,310$3,981,920$15,943,304
72$19,104,150$5,896,515$4,059,478$17,439,219
73$20,995,179$6,127,850$4,137,876$19,083,637
74$23,077,279$6,368,706$4,217,087$20,891,574
75$25,369,881$6,619,493$4,297,079$22,879,571
76$27,894,399$6,880,638$4,377,821$25,065,852
77$30,674,426$7,152,587$4,459,277$27,470,497
78$33,735,962$7,435,809$4,541,407$30,115,625
79$37,107,657$7,730,790$4,624,170$33,025,610
80$40,821,079$8,038,039$4,707,521$36,227,304
81$44,911,015$8,358,090$4,791,410$39,750,293
82$49,415,801$8,691,498$4,875,784$43,627,175
83$54,377,676$9,038,845$4,960,586$47,893,868
84$59,843,188$9,400,738$5,045,755$52,589,946
85$65,863,631$9,777,812$5,131,225$57,759,013
86$72,495,526$10,170,730$5,216,927$63,449,113
87$79,801,160$10,580,186$5,302,784$69,713,186
88$87,849,168$11,006,905$5,388,717$76,609,563
89$96,715,184$11,451,644$5,474,640$84,202,516
90$106,482,554$11,915,195$5,560,461$92,562,867
91$117,243,121$12,398,387$5,646,083$101,768,653
92$129,098,096$12,902,084$5,731,404$111,905,860
93$142,159,008$13,427,192$5,816,312$123,069,239
94$156,548,760$13,974,657$5,900,691$135,363,195
95$172,402,786$14,545,468$5,984,417$148,902,772
96$189,870,334$15,140,660$6,067,358$163,814,740
97$209,115,869$15,761,313$6,149,376$180,238,789
98$230,320,630$16,408,560$6,230,322$198,328,844
99$253,684,337$17,083,582$6,310,041$218,254,524
100$279,427,079$17,787,617$6,388,367$240,202,733