Can I retire at age 51 with 2,640,000?

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 $2,640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$218,009$216,067$214,172$212,323$210,517$205,930
2 years$107,925$105,915$103,967$102,078$100,246$95,648
3 years$71,235$69,217$67,274$65,403$63,600$59,134
4 years$52,894$50,882$48,958$47,119$45,360$41,061
5 years$41,892$39,892$37,993$36,192$34,482$30,362
6 years$34,560$32,575$30,704$28,943$27,285$23,347
7 years$29,325$27,356$25,515$23,796$22,190$18,436
8 years$25,400$23,449$21,639$19,961$18,408$14,838
9 years$22,349$20,417$18,638$17,003$15,503$12,112
10 years$19,910$17,996$16,249$14,657$13,209$9,995
11 years$17,916$16,021$14,305$12,756$11,360$8,318
12 years$16,255$14,380$12,695$11,188$9,844$6,970
13 years$14,850$12,995$11,343$9,878$8,585$5,873
14 years$13,648$11,812$10,191$8,768$7,525$4,971
15 years$12,606$10,791$9,201$7,820$6,626$4,223
16 years$11,696$9,900$8,342$7,002$5,856$3,598
17 years$10,894$9,118$7,591$6,291$5,192$3,074
18 years$10,181$8,425$6,930$5,669$4,617$2,632
19 years$9,545$7,808$6,344$5,123$4,115$2,258
20 years$8,973$7,256$5,822$4,640$3,676$1,940
21 years$8,455$6,759$5,355$4,211$3,289$1,669
22 years$7,986$6,309$4,936$3,829$2,948$1,437
23 years$7,558$5,901$4,557$3,487$2,647$1,239
24 years$7,166$5,528$4,215$3,180$2,379$1,069
25 years$6,806$5,188$3,904$2,904$2,141$923
26 years$6,475$4,876$3,620$2,656$1,928$797
27 years$6,168$4,589$3,362$2,431$1,738$689
28 years$5,884$4,324$3,125$2,227$1,569$596
29 years$5,620$4,079$2,908$2,042$1,416$516
30 years$5,374$3,852$2,709$1,874$1,280$446
31 years$5,144$3,642$2,526$1,721$1,157$386
32 years$4,929$3,446$2,356$1,582$1,047$335
33 years$4,728$3,263$2,200$1,455$947$290
34 years$4,539$3,093$2,056$1,339$858$251
35 years$4,361$2,934$1,922$1,232$777$217
36 years$4,193$2,784$1,798$1,135$704$188
37 years$4,035$2,645$1,683$1,046$638$163
38 years$3,885$2,513$1,576$964$578$142
39 years$3,743$2,390$1,476$889$524$123
40 years$3,609$2,274$1,384$820$476$106
41 years$3,482$2,164$1,298$756$432$92
42 years$3,361$2,061$1,217$698$392$80
43 years$3,246$1,964$1,142$644$355$69
44 years$3,137$1,872$1,072$595$323$60
45 years$3,032$1,785$1,007$549$293$52
46 years$2,933$1,703$946$507$266$45
47 years$2,838$1,625$888$469$241$39
48 years$2,747$1,551$835$433$219$34
49 years$2,661$1,482$785$400$199$29
50 years$2,578$1,415$738$370$181$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,640,000, adding $4,671 every year, while hoping to spend $55,732 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: 69/14/17 Blend
50$2,640,000$2,640,000$2,640,000$2,640,000
51$2,914,098$2,774,178$2,733,258$3,103,058
52$3,152,038$2,850,814$2,765,524$3,306,224
53$3,412,379$2,929,338$2,797,003$3,521,400
54$3,697,349$3,009,783$2,827,609$3,755,436
55$4,009,398$3,092,181$2,857,254$4,010,186
56$4,351,226$3,176,568$2,885,841$4,287,691
57$4,725,806$3,262,974$2,913,272$4,590,199
58$5,136,412$3,351,434$2,939,440$4,920,185
59$5,586,650$3,441,978$2,964,235$5,280,377
60$6,080,491$3,534,638$2,987,540$5,673,779
61$6,622,310$3,629,444$3,009,231$6,103,700
62$7,216,925$3,726,426$3,029,180$6,573,786
63$7,869,644$3,825,614$3,047,250$7,088,054
64$8,586,313$3,927,034$3,063,298$7,650,926
65$9,373,372$4,030,714$3,077,174$8,267,279
66$10,237,916$4,136,679$3,088,719$8,942,483
67$11,187,759$4,244,952$3,097,767$9,682,455
68$12,231,513$4,355,557$3,104,144$10,493,715
69$13,378,661$4,468,513$3,107,667$11,383,445
70$14,639,653$4,583,839$3,108,143$12,359,562
71$16,026,002$4,701,552$3,105,370$13,430,785
72$17,550,392$4,821,665$3,099,138$14,606,725
73$19,226,796$4,944,191$3,089,223$15,897,969
74$21,070,611$5,069,138$3,075,394$17,316,186
75$23,098,800$5,196,512$3,057,405$18,874,232
76$25,330,051$5,326,315$3,035,003$20,586,274
77$27,784,959$5,458,547$3,007,917$22,467,924
78$30,486,211$5,593,202$2,975,869$24,536,383
79$33,458,807$5,730,271$2,938,563$26,810,608
80$36,730,292$5,869,741$2,895,692$29,311,488
81$40,331,018$6,011,595$2,846,933$32,062,043
82$44,294,426$6,155,807$2,791,950$35,087,639
83$48,657,365$6,302,350$2,730,388$38,416,229
84$53,460,439$6,451,187$2,661,879$42,078,617
85$58,748,388$6,602,279$2,586,035$46,108,749
86$64,570,508$6,755,576$2,502,453$50,544,032
87$70,981,124$6,911,023$2,410,709$55,425,691
88$78,040,091$7,068,556$2,310,360$60,799,152
89$85,813,369$7,228,103$2,200,945$66,714,477
90$94,373,636$7,389,583$2,081,980$73,226,834
91$103,800,980$7,552,907$1,952,960$80,397,019
92$114,183,653$7,717,971$1,813,357$88,292,029
93$125,618,899$7,884,666$1,662,618$96,985,694
94$138,213,879$8,052,867$1,500,168$106,559,378
95$152,086,675$8,222,438$1,325,404$117,102,742
96$167,367,409$8,393,230$1,137,698$128,714,598
97$184,199,465$8,565,079$936,392$141,503,832
98$202,740,850$8,737,807$720,800$155,590,445
99$223,165,677$8,911,220$490,207$171,106,673
100$245,665,812$9,085,105$243,865$188,198,247