Can I retire at age 51 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$217,183$215,248$213,361$211,519$209,720$204,071
2 years$107,516$105,514$103,573$101,692$99,867$94,215
3 years$70,966$68,955$67,019$65,155$63,359$57,883
4 years$52,694$50,689$48,773$46,940$45,189$39,929
5 years$41,734$39,741$37,849$36,055$34,352$29,324
6 years$34,429$32,451$30,588$28,833$27,181$22,390
7 years$29,214$27,253$25,419$23,705$22,106$17,551
8 years$25,304$23,360$21,557$19,886$18,339$14,018
9 years$22,265$20,339$18,567$16,938$15,444$11,354
10 years$19,835$17,928$16,187$14,601$13,159$9,294
11 years$17,848$15,960$14,251$12,707$11,317$7,671
12 years$16,193$14,325$12,647$11,146$9,807$6,373
13 years$14,794$12,946$11,300$9,840$8,552$5,323
14 years$13,596$11,767$10,153$8,735$7,497$4,466
15 years$12,559$10,750$9,167$7,790$6,601$3,759
16 years$11,652$9,863$8,311$6,975$5,834$3,174
17 years$10,853$9,083$7,563$6,267$5,173$2,686
18 years$10,143$8,393$6,904$5,648$4,599$2,278
19 years$9,509$7,779$6,320$5,103$4,099$1,935
20 years$8,939$7,228$5,800$4,622$3,662$1,646
21 years$8,423$6,733$5,335$4,195$3,277$1,402
22 years$7,956$6,285$4,917$3,814$2,937$1,196
23 years$7,529$5,878$4,540$3,474$2,637$1,020
24 years$7,139$5,508$4,199$3,168$2,370$871
25 years$6,781$5,169$3,889$2,893$2,132$745
26 years$6,450$4,858$3,607$2,645$1,921$637
27 years$6,145$4,572$3,349$2,421$1,732$544
28 years$5,862$4,308$3,113$2,219$1,563$466
29 years$5,599$4,064$2,897$2,035$1,411$399
30 years$5,354$3,838$2,699$1,867$1,275$341
31 years$5,125$3,628$2,516$1,715$1,153$292
32 years$4,911$3,433$2,347$1,576$1,043$250
33 years$4,710$3,251$2,192$1,449$944$215
34 years$4,521$3,081$2,048$1,333$854$184
35 years$4,344$2,922$1,915$1,227$774$158
36 years$4,177$2,774$1,791$1,130$701$135
37 years$4,019$2,635$1,676$1,042$635$116
38 years$3,870$2,504$1,570$960$576$99
39 years$3,729$2,381$1,471$885$522$85
40 years$3,596$2,265$1,379$816$474$73
41 years$3,469$2,156$1,293$753$430$63
42 years$3,348$2,054$1,213$695$390$54
43 years$3,234$1,957$1,138$642$354$46
44 years$3,125$1,865$1,068$593$321$39
45 years$3,021$1,778$1,003$547$292$34
46 years$2,922$1,697$942$506$265$29
47 years$2,827$1,619$885$467$241$25
48 years$2,737$1,546$832$432$218$21
49 years$2,650$1,476$782$399$198$18
50 years$2,568$1,410$735$369$180$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,630,000, adding $5,341 every year, while hoping to spend $20,828 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: 33/47/20 Blend
50$2,630,000$2,630,000$2,630,000$2,630,000
51$2,903,769$2,764,379$2,723,614$2,981,528
52$3,177,793$2,877,673$2,792,694$3,153,070
53$3,479,069$2,995,820$2,863,391$3,335,539
54$3,810,355$3,119,036$2,935,735$3,531,763
55$4,174,689$3,247,547$3,009,761$3,742,965
56$4,575,420$3,381,589$3,085,500$3,970,485
57$5,016,235$3,521,409$3,162,986$4,215,794
58$5,501,197$3,667,265$3,242,253$4,480,503
59$6,034,785$3,819,427$3,323,334$4,766,381
60$6,621,932$3,978,177$3,406,265$5,075,368
61$7,268,073$4,143,812$3,491,079$5,409,594
62$7,979,198$4,316,640$3,577,811$5,771,397
63$8,761,905$4,496,985$3,666,497$6,163,343
64$9,623,467$4,685,184$3,757,172$6,588,252
65$10,571,895$4,881,593$3,849,871$7,049,218
66$11,616,018$5,086,581$3,944,632$7,549,642
67$12,765,564$5,300,535$4,041,489$8,093,261
68$14,031,252$5,523,862$4,140,480$8,684,179
69$15,424,894$5,756,985$4,241,640$9,326,911
70$16,959,505$6,000,349$4,345,006$10,026,413
71$18,649,425$6,254,418$4,450,615$10,788,140
72$20,510,460$6,519,677$4,558,504$11,618,085
73$22,560,022$6,796,636$4,668,709$12,522,840
74$24,817,300$7,085,827$4,781,267$13,509,652
75$27,303,440$7,387,808$4,896,214$14,586,494
76$30,041,741$7,703,161$5,013,588$15,762,135
77$33,057,880$8,032,497$5,133,424$17,046,220
78$36,380,149$8,376,454$5,255,759$18,449,360
79$40,039,725$8,735,702$5,380,629$19,983,231
80$44,070,966$9,110,941$5,508,069$21,660,680
81$48,511,730$9,502,902$5,638,115$23,495,843
82$53,403,736$9,912,354$5,770,801$25,504,277
83$58,792,957$10,340,099$5,906,162$27,703,104
84$64,730,052$10,786,978$6,044,232$30,111,167
85$71,270,848$11,253,870$6,185,045$32,749,210
86$78,476,863$11,741,697$6,328,631$35,640,065
87$86,415,887$12,251,425$6,475,025$38,808,868
88$95,162,624$12,784,062$6,624,255$42,283,290
89$104,799,397$13,340,666$6,776,353$46,093,795
90$115,416,922$13,922,345$6,931,347$50,273,926
91$127,115,165$14,530,257$7,089,264$54,860,613
92$140,004,290$15,165,617$7,250,132$59,894,524
93$154,205,692$15,829,697$7,413,976$65,420,436
94$169,853,147$16,523,826$7,580,819$71,487,660
95$187,094,074$17,249,400$7,750,682$78,150,499
96$206,090,927$18,007,878$7,923,588$85,468,755
97$227,022,726$18,800,789$8,099,553$93,508,287
98$250,086,751$19,629,734$8,278,595$102,341,632
99$275,500,399$20,496,391$8,460,727$112,048,678
100$303,503,240$21,402,514$8,645,962$122,717,415