Can I retire at age 51 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$211,402$209,519$207,682$205,889$204,138$202,937
2 years$104,655$102,706$100,817$98,985$97,209$95,996
3 years$69,077$67,119$65,235$63,421$61,673$60,488
4 years$51,291$49,340$47,474$45,691$43,986$42,837
5 years$40,623$38,683$36,842$35,095$33,437$32,327
6 years$33,513$31,588$29,774$28,066$26,458$25,389
7 years$28,436$26,527$24,742$23,074$21,517$20,490
8 years$24,630$22,739$20,983$19,357$17,851$16,864
9 years$21,672$19,798$18,073$16,488$15,033$14,088
10 years$19,307$17,451$15,756$14,212$12,809$11,904
11 years$17,373$15,536$13,872$12,369$11,016$10,151
12 years$15,762$13,944$12,311$10,849$9,546$8,721
13 years$14,400$12,601$10,999$9,578$8,324$7,538
14 years$13,234$11,454$9,883$8,503$7,297$6,548
15 years$12,224$10,464$8,923$7,583$6,425$5,713
16 years$11,342$9,600$8,090$6,790$5,678$5,002
17 years$10,564$8,841$7,361$6,100$5,035$4,393
18 years$9,873$8,170$6,720$5,498$4,477$3,868
19 years$9,256$7,572$6,152$4,968$3,990$3,414
20 years$8,701$7,036$5,646$4,499$3,564$3,019
21 years$8,199$6,554$5,193$4,083$3,190$2,674
22 years$7,744$6,118$4,786$3,713$2,859$2,372
23 years$7,329$5,722$4,419$3,381$2,566$2,108
24 years$6,949$5,361$4,087$3,084$2,307$1,874
25 years$6,600$5,031$3,785$2,816$2,076$1,669
26 years$6,278$4,728$3,511$2,575$1,870$1,487
27 years$5,981$4,450$3,260$2,357$1,686$1,326
28 years$5,706$4,193$3,031$2,160$1,521$1,183
29 years$5,450$3,956$2,820$1,980$1,373$1,057
30 years$5,211$3,736$2,627$1,817$1,241$944
31 years$4,988$3,532$2,449$1,669$1,122$844
32 years$4,780$3,342$2,285$1,534$1,015$755
33 years$4,585$3,164$2,134$1,411$918$675
34 years$4,401$2,999$1,993$1,298$832$604
35 years$4,229$2,845$1,864$1,195$753$541
36 years$4,066$2,700$1,743$1,100$682$485
37 years$3,912$2,564$1,632$1,014$619$434
38 years$3,767$2,437$1,528$935$561$389
39 years$3,630$2,317$1,432$862$509$349
40 years$3,500$2,205$1,342$795$461$312
41 years$3,376$2,099$1,258$733$418$280
42 years$3,259$1,999$1,180$677$380$251
43 years$3,148$1,905$1,108$625$345$225
44 years$3,042$1,815$1,040$577$313$202
45 years$2,941$1,731$976$533$284$181
46 years$2,844$1,651$917$492$258$162
47 years$2,752$1,576$861$455$234$146
48 years$2,664$1,504$809$420$213$131
49 years$2,580$1,437$761$388$193$117
50 years$2,499$1,372$715$359$175$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,560,000, adding $6,222 every year, while hoping to spend $52,710 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: 55/24/21 Blend
50$2,560,000$2,560,000$2,560,000$2,560,000
51$2,827,538$2,691,858$2,652,178$2,966,608
52$3,059,864$2,767,676$2,684,943$3,138,301
53$3,314,120$2,845,442$2,717,039$3,319,082
54$3,592,489$2,925,197$2,748,388$3,514,821
55$3,897,371$3,006,980$2,778,907$3,726,964
56$4,231,412$3,090,832$2,808,510$3,957,107
57$4,597,526$3,176,792$2,837,105$4,207,006
58$4,998,920$3,264,902$2,864,594$4,478,594
59$5,439,129$3,355,201$2,890,877$4,774,002
60$5,922,044$3,447,729$2,915,845$5,095,575
61$6,451,952$3,542,528$2,939,386$5,445,897
62$7,033,575$3,639,636$2,961,379$5,827,815
63$7,672,115$3,739,093$2,981,701$6,244,465
64$8,373,301$3,840,939$3,000,218$6,699,299
65$9,143,445$3,945,212$3,016,793$7,196,125
66$9,989,500$4,051,951$3,031,279$7,739,133
67$10,919,125$4,161,193$3,043,523$8,332,943
68$11,940,759$4,272,975$3,053,364$8,982,644
69$13,063,698$4,387,332$3,060,633$9,693,843
70$14,298,184$4,504,299$3,065,153$10,472,717
71$15,655,499$4,623,911$3,066,736$11,326,075
72$17,148,077$4,746,199$3,065,188$12,261,416
73$18,789,612$4,871,194$3,060,303$13,287,005
74$20,595,195$4,998,926$3,051,867$14,411,949
75$22,581,453$5,129,421$3,039,652$15,646,284
76$24,766,704$5,262,705$3,023,423$17,001,068
77$27,171,132$5,398,802$3,002,932$18,488,487
78$29,816,975$5,537,731$2,977,918$20,121,968
79$32,728,737$5,679,511$2,948,109$21,916,308
80$35,933,418$5,824,156$2,913,220$23,887,815
81$39,460,767$5,971,680$2,872,953$26,054,457
82$43,343,562$6,122,089$2,826,994$28,436,037
83$47,617,923$6,275,389$2,775,016$31,054,376
84$52,323,648$6,431,581$2,716,676$33,933,524
85$57,504,592$6,590,659$2,651,616$37,099,980
86$63,209,075$6,752,617$2,579,460$40,582,949
87$69,490,345$6,917,439$2,499,816$44,414,617
88$76,407,073$7,085,106$2,412,273$48,630,450
89$84,023,912$7,255,594$2,316,402$53,269,534
90$92,412,103$7,428,871$2,211,754$58,374,946
91$101,650,149$7,604,897$2,097,859$63,994,152
92$111,824,554$7,783,626$1,974,227$70,179,467
93$123,030,640$7,965,006$1,840,345$76,988,541
94$135,373,447$8,148,972$1,695,677$84,484,905
95$148,968,720$8,335,453$1,539,665$92,738,575
96$163,944,008$8,524,369$1,371,722$101,826,711
97$180,439,860$8,715,626$1,191,237$111,834,344
98$198,611,156$8,909,122$997,574$122,855,184
99$218,628,567$9,104,742$790,066$134,992,501
100$240,680,164$9,302,359$568,017$148,360,102