Can I retire at age 51 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$174,242$172,690$171,176$169,698$168,254$163,921
2 years$86,258$84,652$83,095$81,585$80,121$75,784
3 years$56,934$55,321$53,768$52,273$50,832$46,627
4 years$42,275$40,667$39,129$37,659$36,254$32,213
5 years$33,482$31,883$30,366$28,926$27,560$23,695
6 years$27,622$26,035$24,540$23,132$21,807$18,121
7 years$23,438$21,864$20,393$19,018$17,735$14,229
8 years$20,301$18,742$17,295$15,954$14,713$11,385
9 years$17,862$16,318$14,896$13,589$12,390$9,238
10 years$15,913$14,383$12,987$11,714$10,557$7,576
11 years$14,319$12,805$11,433$10,195$9,080$6,265
12 years$12,991$11,493$10,147$8,942$7,868$5,216
13 years$11,869$10,386$9,065$7,895$6,861$4,365
14 years$10,908$9,441$8,145$7,008$6,014$3,669
15 years$10,076$8,624$7,354$6,250$5,296$3,096
16 years$9,348$7,913$6,668$5,596$4,680$2,619
17 years$8,707$7,287$6,067$5,028$4,150$2,222
18 years$8,137$6,734$5,539$4,531$3,690$1,888
19 years$7,629$6,241$5,070$4,094$3,289$1,608
20 years$7,171$5,799$4,653$3,708$2,938$1,371
21 years$6,758$5,402$4,280$3,365$2,629$1,170
22 years$6,383$5,042$3,945$3,060$2,356$1,000
23 years$6,041$4,716$3,642$2,787$2,115$855
24 years$5,728$4,419$3,369$2,542$1,901$732
25 years$5,440$4,147$3,120$2,321$1,711$627
26 years$5,175$3,897$2,894$2,122$1,541$538
27 years$4,930$3,668$2,687$1,943$1,389$461
28 years$4,703$3,456$2,498$1,780$1,254$395
29 years$4,492$3,260$2,324$1,632$1,132$339
30 years$4,295$3,079$2,165$1,498$1,023$291
31 years$4,111$2,911$2,019$1,376$925$250
32 years$3,940$2,754$1,883$1,264$837$215
33 years$3,779$2,608$1,758$1,163$757$184
34 years$3,627$2,472$1,643$1,070$685$158
35 years$3,485$2,345$1,536$985$621$136
36 years$3,351$2,225$1,437$907$562$117
37 years$3,225$2,114$1,345$836$510$100
38 years$3,105$2,009$1,260$770$462$86
39 years$2,992$1,910$1,180$710$419$74
40 years$2,885$1,817$1,106$655$380$64
41 years$2,783$1,730$1,037$604$345$55
42 years$2,686$1,647$973$558$313$47
43 years$2,594$1,570$913$515$284$41
44 years$2,507$1,496$857$475$258$35
45 years$2,424$1,427$805$439$234$30
46 years$2,344$1,361$756$406$212$26
47 years$2,268$1,299$710$375$193$22
48 years$2,196$1,240$667$346$175$19
49 years$2,126$1,184$627$320$159$16
50 years$2,060$1,131$590$296$145$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,110,000, adding $2,531 every year, while hoping to spend $50,340 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: 47/27/26 Blend
50$2,110,000$2,110,000$2,110,000$2,110,000
51$2,327,831$2,216,001$2,183,296$2,419,805
52$2,511,708$2,271,023$2,202,875$2,539,813
53$2,712,654$2,327,055$2,221,423$2,664,863
54$2,932,356$2,384,092$2,238,851$2,799,615
55$3,172,672$2,442,128$2,255,069$2,945,005
56$3,435,649$2,501,157$2,269,978$3,102,065
57$3,723,539$2,561,168$2,283,476$3,271,933
58$4,038,824$2,622,149$2,295,457$3,455,860
59$4,384,236$2,684,086$2,305,806$3,655,228
60$4,762,783$2,746,962$2,314,407$3,871,559
61$5,177,781$2,810,756$2,321,132$4,106,530
62$5,632,877$2,875,446$2,325,853$4,361,989
63$6,132,093$2,941,005$2,328,431$4,639,974
64$6,679,855$3,007,403$2,328,723$4,942,733
65$7,281,041$3,074,607$2,326,576$5,272,739
66$7,941,024$3,142,579$2,321,833$5,632,724
67$8,665,720$3,211,277$2,314,325$6,025,695
68$9,461,648$3,280,655$2,303,880$6,454,969
69$10,335,990$3,350,660$2,290,314$6,924,202
70$11,296,656$3,421,238$2,273,435$7,437,423
71$12,352,362$3,492,325$2,253,042$7,999,076
72$13,512,708$3,563,855$2,228,924$8,614,056
73$14,788,272$3,635,752$2,200,861$9,287,764
74$16,190,708$3,707,935$2,168,622$10,026,149
75$17,732,854$3,780,318$2,131,964$10,835,773
76$19,428,856$3,852,805$2,090,636$11,723,866
77$21,294,299$3,925,291$2,044,372$12,698,400
78$23,346,353$3,997,666$1,992,894$13,768,163
79$25,603,938$4,069,809$1,935,913$14,942,842
80$28,087,899$4,141,589$1,873,125$16,233,116
81$30,821,203$4,212,865$1,804,213$17,650,754
82$33,829,157$4,283,486$1,728,845$19,208,733
83$37,139,644$4,353,290$1,646,674$20,921,356
84$40,783,388$4,422,101$1,557,338$22,804,390
85$44,794,242$4,489,733$1,460,457$24,875,212
86$49,209,508$4,555,983$1,355,636$27,152,980
87$54,070,288$4,620,637$1,242,460$29,658,812
88$59,421,872$4,683,463$1,120,498$32,415,982
89$65,314,165$4,744,214$989,296$35,450,147
90$71,802,156$4,802,627$848,384$38,789,589
91$78,946,440$4,858,420$697,269$42,465,479
92$86,813,785$4,911,291$535,436$46,512,175
93$95,477,766$4,960,919$362,348$50,967,551
94$105,019,456$5,006,962$177,444$55,873,350
95$115,528,192$5,049,054$0$61,275,582
96$127,102,416$5,086,806$0$67,230,476
97$139,850,607$5,119,804$0$73,841,307
98$153,892,301$5,147,607$0$81,120,583
99$169,359,222$5,169,746$0$89,136,393
100$186,396,520$5,185,721$0$97,963,775