Can I retire at age 51 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$173,416$171,871$170,364$168,893$167,457$163,012
2 years$85,850$84,251$82,701$81,199$79,741$75,294
3 years$56,665$55,059$53,513$52,025$50,591$46,281
4 years$42,075$40,474$38,944$37,481$36,082$31,942
5 years$33,323$31,732$30,222$28,789$27,429$23,470
6 years$27,491$25,912$24,424$23,023$21,704$17,930
7 years$23,327$21,761$20,296$18,928$17,651$14,063
8 years$20,205$18,653$17,213$15,878$14,643$11,239
9 years$17,778$16,241$14,825$13,525$12,332$9,108
10 years$15,837$14,315$12,925$11,659$10,507$7,460
11 years$14,251$12,744$11,379$10,146$9,037$6,162
12 years$12,930$11,438$10,099$8,900$7,831$5,123
13 years$11,813$10,337$9,023$7,857$6,829$4,282
14 years$10,856$9,396$8,107$6,975$5,986$3,594
15 years$10,028$8,583$7,319$6,220$5,271$3,028
16 years$9,304$7,875$6,636$5,570$4,658$2,558
17 years$8,666$7,253$6,039$5,004$4,130$2,167
18 years$8,099$6,702$5,512$4,510$3,672$1,839
19 years$7,592$6,211$5,046$4,075$3,273$1,563
20 years$7,137$5,772$4,631$3,691$2,924$1,331
21 years$6,726$5,376$4,260$3,350$2,616$1,134
22 years$6,352$5,018$3,926$3,045$2,345$968
23 years$6,012$4,694$3,625$2,774$2,105$827
24 years$5,700$4,398$3,353$2,530$1,892$707
25 years$5,414$4,127$3,105$2,310$1,703$604
26 years$5,150$3,879$2,880$2,112$1,534$517
27 years$4,906$3,650$2,674$1,934$1,383$443
28 years$4,680$3,440$2,486$1,772$1,248$379
29 years$4,470$3,245$2,313$1,625$1,127$325
30 years$4,275$3,064$2,155$1,491$1,018$278
31 years$4,092$2,897$2,009$1,369$920$238
32 years$3,921$2,741$1,874$1,258$833$204
33 years$3,761$2,596$1,750$1,157$753$175
34 years$3,610$2,460$1,635$1,065$682$150
35 years$3,469$2,334$1,529$980$618$129
36 years$3,335$2,215$1,430$903$560$111
37 years$3,209$2,104$1,339$832$507$95
38 years$3,090$1,999$1,254$767$460$81
39 years$2,978$1,901$1,174$707$417$70
40 years$2,871$1,809$1,101$652$378$60
41 years$2,770$1,722$1,032$602$343$51
42 years$2,674$1,640$968$555$311$44
43 years$2,582$1,562$909$512$283$38
44 years$2,495$1,489$853$473$257$33
45 years$2,412$1,420$801$437$233$28
46 years$2,333$1,355$752$404$211$24
47 years$2,258$1,293$707$373$192$21
48 years$2,185$1,234$664$345$174$18
49 years$2,116$1,179$624$318$158$15
50 years$2,050$1,126$587$294$144$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,100,000, adding $3,327 every year, while hoping to spend $34,765 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: 58/26/16 Blend
50$2,100,000$2,100,000$2,100,000$2,100,000
51$2,317,632$2,206,332$2,173,782$2,442,284
52$2,517,041$2,277,452$2,209,614$2,598,184
53$2,735,624$2,350,893$2,245,481$2,763,944
54$2,975,301$2,426,730$2,281,348$2,943,844
55$3,238,185$2,505,043$2,317,177$3,139,248
56$3,526,604$2,585,915$2,352,927$3,351,662
57$3,843,124$2,669,430$2,388,555$3,582,740
58$4,190,567$2,755,677$2,424,017$3,834,304
59$4,572,047$2,844,747$2,459,263$4,108,360
60$4,990,990$2,936,734$2,494,242$4,407,116
61$5,451,171$3,031,734$2,528,900$4,733,003
62$5,956,751$3,129,849$2,563,178$5,088,696
63$6,512,311$3,231,183$2,597,016$5,477,144
64$7,122,899$3,335,844$2,630,349$5,901,591
65$7,794,077$3,443,942$2,663,107$6,365,611
66$8,531,971$3,555,593$2,695,220$6,873,140
67$9,343,331$3,670,917$2,726,609$7,428,512
68$10,235,595$3,790,036$2,757,195$8,036,501
69$11,216,956$3,913,078$2,786,891$8,702,365
70$12,296,442$4,040,175$2,815,608$9,431,894
71$13,483,998$4,171,464$2,843,251$10,231,469
72$14,790,586$4,307,085$2,869,719$11,108,116
73$16,228,278$4,447,185$2,894,908$12,069,575
74$17,810,381$4,591,915$2,918,705$13,124,373
75$19,551,553$4,741,432$2,940,995$14,281,903
76$21,467,946$4,895,897$2,961,653$15,552,514
77$23,577,359$5,055,478$2,980,551$16,947,605
78$25,899,402$5,220,349$2,997,551$18,479,735
79$28,455,683$5,390,688$3,012,512$20,162,742
80$31,270,013$5,566,683$3,025,281$22,011,870
81$34,368,629$5,748,524$3,035,702$24,043,914
82$37,780,439$5,936,412$3,043,608$26,277,379
83$41,537,299$6,130,551$3,048,824$28,732,654
84$45,674,311$6,331,156$3,051,168$31,432,203
85$50,230,155$6,538,447$3,050,446$34,400,777
86$55,247,453$6,752,653$3,046,458$37,665,646
87$60,773,171$6,974,010$3,038,992$41,256,861
88$66,859,062$7,202,764$3,027,826$45,207,529
89$73,562,155$7,439,169$3,012,727$49,554,133
90$80,945,292$7,683,486$2,993,451$54,336,871
91$89,077,724$7,935,988$2,969,743$59,600,036
92$98,035,758$8,196,958$2,941,336$65,392,434
93$107,903,483$8,466,686$2,907,948$71,767,845
94$118,773,560$8,745,476$2,869,286$78,785,528
95$130,748,098$9,033,639$2,825,043$86,510,783
96$143,939,618$9,331,501$2,774,895$95,015,563
97$158,472,112$9,639,398$2,718,507$104,379,156
98$174,482,216$9,957,677$2,655,526$114,688,930
99$192,120,498$10,286,700$2,585,582$126,041,161
100$211,552,880$10,626,838$2,508,290$138,541,937