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%11.1%
1 years$174,242$172,690$171,176$169,698$168,254$167,475
2 years$86,258$84,652$83,095$81,585$80,121$79,334
3 years$56,934$55,321$53,768$52,273$50,832$50,062
4 years$42,275$40,667$39,129$37,659$36,254$35,507
5 years$33,482$31,883$30,366$28,926$27,560$26,838
6 years$27,622$26,035$24,540$23,132$21,807$21,112
7 years$23,438$21,864$20,393$19,018$17,735$17,066
8 years$20,301$18,742$17,295$15,954$14,713$14,070
9 years$17,862$16,318$14,896$13,589$12,390$11,774
10 years$15,913$14,383$12,987$11,714$10,557$9,967
11 years$14,319$12,805$11,433$10,195$9,080$8,515
12 years$12,991$11,493$10,147$8,942$7,868$7,329
13 years$11,869$10,386$9,065$7,895$6,861$6,347
14 years$10,908$9,441$8,145$7,008$6,014$5,524
15 years$10,076$8,624$7,354$6,250$5,296$4,829
16 years$9,348$7,913$6,668$5,596$4,680$4,237
17 years$8,707$7,287$6,067$5,028$4,150$3,728
18 years$8,137$6,734$5,539$4,531$3,690$3,290
19 years$7,629$6,241$5,070$4,094$3,289$2,910
20 years$7,171$5,799$4,653$3,708$2,938$2,579
21 years$6,758$5,402$4,280$3,365$2,629$2,289
22 years$6,383$5,042$3,945$3,060$2,356$2,036
23 years$6,041$4,716$3,642$2,787$2,115$1,812
24 years$5,728$4,419$3,369$2,542$1,901$1,616
25 years$5,440$4,147$3,120$2,321$1,711$1,442
26 years$5,175$3,897$2,894$2,122$1,541$1,288
27 years$4,930$3,668$2,687$1,943$1,389$1,151
28 years$4,703$3,456$2,498$1,780$1,254$1,030
29 years$4,492$3,260$2,324$1,632$1,132$922
30 years$4,295$3,079$2,165$1,498$1,023$826
31 years$4,111$2,911$2,019$1,376$925$740
32 years$3,940$2,754$1,883$1,264$837$663
33 years$3,779$2,608$1,758$1,163$757$595
34 years$3,627$2,472$1,643$1,070$685$534
35 years$3,485$2,345$1,536$985$621$479
36 years$3,351$2,225$1,437$907$562$430
37 years$3,225$2,114$1,345$836$510$386
38 years$3,105$2,009$1,260$770$462$347
39 years$2,992$1,910$1,180$710$419$312
40 years$2,885$1,817$1,106$655$380$280
41 years$2,783$1,730$1,037$604$345$252
42 years$2,686$1,647$973$558$313$226
43 years$2,594$1,570$913$515$284$203
44 years$2,507$1,496$857$475$258$183
45 years$2,424$1,427$805$439$234$164
46 years$2,344$1,361$756$406$212$148
47 years$2,268$1,299$710$375$193$133
48 years$2,196$1,240$667$346$175$120
49 years$2,126$1,184$627$320$159$108
50 years$2,060$1,131$590$296$145$97

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 $4,067 every year, while hoping to spend $55,047 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: 23/48/29 Blend
50$2,110,000$2,110,000$2,110,000$2,110,000
51$2,329,415$2,217,585$2,184,880$2,361,616
52$2,508,446$2,267,677$2,199,504$2,440,156
53$2,703,893$2,318,379$2,212,773$2,519,305
54$2,917,372$2,369,662$2,224,583$2,602,883
55$3,150,664$2,421,495$2,234,826$2,691,294
56$3,405,726$2,473,843$2,243,387$2,784,981
57$3,684,716$2,526,667$2,250,147$2,884,436
58$3,990,009$2,579,925$2,254,978$2,990,202
59$4,324,219$2,633,571$2,257,749$3,102,879
60$4,690,226$2,687,552$2,258,321$3,223,129
61$5,091,202$2,741,815$2,256,547$3,351,685
62$5,530,638$2,796,298$2,252,275$3,489,356
63$6,012,380$2,850,934$2,245,344$3,637,034
64$6,540,666$2,905,652$2,235,586$3,795,708
65$7,120,160$2,960,375$2,222,824$3,966,467
66$7,756,001$3,015,018$2,206,873$4,150,517
67$8,453,850$3,069,491$2,187,540$4,349,189
68$9,219,941$3,123,695$2,164,622$4,563,953
69$10,061,144$3,177,525$2,137,905$4,796,433
70$10,985,023$3,230,866$2,107,168$5,048,423
71$11,999,914$3,283,597$2,072,176$5,321,904
72$13,114,998$3,335,586$2,032,687$5,619,063
73$14,340,391$3,386,692$1,988,444$5,942,318
74$15,687,234$3,436,764$1,939,181$6,294,337
75$17,167,805$3,485,639$1,884,617$6,678,065
76$18,795,630$3,533,143$1,824,460$7,096,757
77$20,585,609$3,579,092$1,758,404$7,554,003
78$22,554,159$3,623,286$1,686,129$8,053,770
79$24,719,370$3,665,513$1,607,301$8,600,435
80$27,101,170$3,705,548$1,521,569$9,198,830
81$29,721,516$3,743,147$1,428,569$9,854,291
82$32,604,603$3,778,053$1,327,919$10,572,705
83$35,777,087$3,809,992$1,219,218$11,360,571
84$39,268,339$3,838,671$1,102,051$12,225,060
85$43,110,721$3,863,777$975,981$13,174,089
86$47,339,892$3,884,980$840,554$14,216,392
87$51,995,143$3,901,925$695,294$15,361,608
88$57,119,766$3,914,238$539,705$16,620,373
89$62,761,466$3,921,520$373,270$18,004,421
90$68,972,808$3,923,347$195,446$19,526,700
91$75,811,711$3,919,267$5,670$21,201,495
92$83,341,997$3,908,804$0$23,044,566
93$91,633,995$3,891,448$0$25,134,211
94$100,765,195$3,866,663$0$27,434,526
95$110,820,992$3,833,875$0$29,965,109
96$121,895,478$3,792,481$0$32,749,504
97$134,092,340$3,741,836$0$35,813,665
98$147,525,834$3,681,261$0$39,186,207
99$162,321,860$3,610,033$0$42,898,677
100$178,619,155$3,527,390$0$46,985,851