Can I retire at age 51 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$213,054$211,156$209,305$207,497$205,733$202,826
2 years$105,472$103,508$101,604$99,758$97,968$95,045
3 years$69,616$67,644$65,745$63,916$62,155$59,307
4 years$51,692$49,725$47,845$46,048$44,329$41,578
5 years$40,940$38,985$37,130$35,369$33,699$31,052
6 years$33,775$31,834$30,006$28,285$26,664$24,125
7 years$28,658$26,734$24,936$23,255$21,685$19,255
8 years$24,823$22,916$21,147$19,508$17,990$15,668
9 years$21,841$19,953$18,214$16,616$15,150$12,935
10 years$19,457$17,587$15,880$14,323$12,909$10,799
11 years$17,508$15,657$13,980$12,466$11,102$9,096
12 years$15,885$14,053$12,407$10,934$9,621$7,716
13 years$14,513$12,700$11,085$9,653$8,389$6,584
14 years$13,338$11,544$9,960$8,569$7,354$5,644
15 years$12,320$10,545$8,992$7,642$6,475$4,858
16 years$11,430$9,675$8,153$6,843$5,723$4,195
17 years$10,646$8,910$7,419$6,148$5,074$3,633
18 years$9,950$8,234$6,772$5,541$4,512$3,154
19 years$9,328$7,631$6,200$5,006$4,021$2,744
20 years$8,769$7,091$5,690$4,534$3,592$2,391
21 years$8,263$6,605$5,234$4,115$3,214$2,087
22 years$7,804$6,166$4,824$3,742$2,881$1,824
23 years$7,386$5,766$4,454$3,408$2,586$1,596
24 years$7,003$5,403$4,119$3,108$2,325$1,397
25 years$6,652$5,070$3,815$2,838$2,092$1,225
26 years$6,328$4,765$3,538$2,595$1,884$1,074
27 years$6,028$4,485$3,285$2,375$1,699$943
28 years$5,750$4,226$3,054$2,176$1,533$828
29 years$5,492$3,987$2,842$1,996$1,384$728
30 years$5,252$3,765$2,647$1,832$1,251$640
31 years$5,027$3,559$2,468$1,682$1,131$562
32 years$4,817$3,368$2,303$1,546$1,023$495
33 years$4,620$3,189$2,150$1,422$926$435
34 years$4,436$3,023$2,009$1,308$838$383
35 years$4,262$2,867$1,878$1,204$759$337
36 years$4,098$2,721$1,757$1,109$688$297
37 years$3,943$2,584$1,645$1,022$623$262
38 years$3,797$2,456$1,540$942$565$230
39 years$3,658$2,336$1,443$868$512$203
40 years$3,527$2,222$1,352$801$465$179
41 years$3,403$2,115$1,268$739$422$158
42 years$3,285$2,014$1,190$682$383$139
43 years$3,172$1,919$1,116$630$347$122
44 years$3,065$1,830$1,048$581$315$108
45 years$2,963$1,745$984$537$286$95
46 years$2,866$1,664$924$496$260$84
47 years$2,774$1,588$868$458$236$74
48 years$2,685$1,516$816$423$214$65
49 years$2,600$1,448$767$391$195$57
50 years$2,519$1,383$721$362$177$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,580,000, adding $4,507 every year, while hoping to spend $39,204 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: 37/41/22 Blend
50$2,580,000$2,580,000$2,580,000$2,580,000
51$2,847,809$2,711,069$2,671,079$2,934,189
52$3,096,573$2,802,199$2,718,847$3,088,698
53$3,369,396$2,896,480$2,766,902$3,251,500
54$3,668,693$2,994,025$2,815,211$3,426,561
55$3,997,119$3,094,952$2,863,741$3,615,007
56$4,357,603$3,199,383$2,912,454$3,818,075
57$4,753,369$3,307,443$2,961,311$4,037,126
58$5,187,969$3,419,264$3,010,271$4,273,655
59$5,665,315$3,534,981$3,059,289$4,529,305
60$6,189,718$3,654,736$3,108,316$4,805,884
61$6,765,926$3,778,674$3,157,301$5,105,380
62$7,399,170$3,906,949$3,206,190$5,429,978
63$8,095,214$4,039,718$3,254,926$5,782,083
64$8,860,406$4,177,144$3,303,446$6,164,340
65$9,701,740$4,319,398$3,351,685$6,579,660
66$10,626,925$4,466,655$3,399,573$7,031,246
67$11,644,450$4,619,100$3,447,038$7,522,620
68$12,763,670$4,776,922$3,494,000$8,057,663
69$13,994,893$4,940,320$3,540,377$8,640,643
70$15,349,474$5,109,497$3,586,082$9,276,259
71$16,839,927$5,284,669$3,631,021$9,969,683
72$18,480,036$5,466,055$3,675,098$10,726,609
73$20,284,994$5,653,885$3,718,208$11,553,308
74$22,271,537$5,848,399$3,760,241$12,456,681
75$24,458,108$6,049,845$3,801,084$13,444,329
76$26,865,028$6,258,480$3,840,613$14,524,621
77$29,514,687$6,474,573$3,878,700$15,706,773
78$32,431,759$6,698,400$3,915,210$17,000,933
79$35,643,430$6,930,253$3,950,001$18,418,279
80$39,179,655$7,170,430$3,982,921$19,971,121
81$43,073,443$7,419,246$4,013,813$21,673,015
82$47,361,169$7,677,023$4,042,509$23,538,895
83$52,082,910$7,944,099$4,068,836$25,585,208
84$57,282,833$8,220,826$4,092,608$27,830,071
85$63,009,603$8,507,567$4,113,631$30,293,440
86$69,316,847$8,804,703$4,131,702$32,997,298
87$76,263,658$9,112,626$4,146,607$35,965,860
88$83,915,154$9,431,747$4,158,121$39,225,803
89$92,343,089$9,762,492$4,166,008$42,806,514
90$101,626,534$10,105,304$4,170,019$46,740,368
91$111,852,621$10,460,644$4,169,894$51,063,031
92$123,117,364$10,828,992$4,165,362$55,813,797
93$135,526,568$11,210,845$4,156,134$61,035,955
94$149,196,824$11,606,723$4,141,911$66,777,200
95$164,256,613$12,017,165$4,122,378$73,090,079
96$180,847,514$12,442,733$4,097,204$80,032,487
97$199,125,544$12,884,011$4,066,044$87,668,211
98$219,262,628$13,341,606$4,028,535$96,067,530
99$241,448,223$13,816,151$3,984,298$105,307,880
100$265,891,103$14,308,304$3,932,933$115,474,579