Can I retire at age 51 with 2,120,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$175,068$173,508$171,987$170,502$169,052$164,101
2 years$86,667$85,053$83,489$81,972$80,501$75,553
3 years$57,204$55,583$54,023$52,520$51,073$46,283
4 years$42,476$40,859$39,315$37,838$36,426$31,831
5 years$33,641$32,034$30,510$29,063$27,690$23,303
6 years$27,753$26,158$24,656$23,242$21,910$17,734
7 years$23,549$21,968$20,490$19,109$17,819$13,854
8 years$20,397$18,830$17,377$16,030$14,783$11,027
9 years$17,947$16,395$14,967$13,654$12,449$8,898
10 years$15,988$14,452$13,048$11,770$10,607$7,257
11 years$14,387$12,865$11,488$10,243$9,123$5,966
12 years$13,053$11,547$10,195$8,985$7,905$4,938
13 years$11,925$10,435$9,108$7,932$6,894$4,108
14 years$10,960$9,486$8,184$7,041$6,043$3,431
15 years$10,123$8,665$7,389$6,280$5,321$2,877
16 years$9,392$7,950$6,699$5,623$4,702$2,418
17 years$8,748$7,322$6,096$5,052$4,170$2,038
18 years$8,176$6,766$5,565$4,553$3,707$1,720
19 years$7,665$6,270$5,094$4,114$3,304$1,455
20 years$7,205$5,827$4,675$3,726$2,952$1,232
21 years$6,790$5,427$4,300$3,381$2,641$1,045
22 years$6,413$5,066$3,964$3,075$2,368$886
23 years$6,069$4,738$3,660$2,800$2,125$753
24 years$5,755$4,440$3,385$2,554$1,910$640
25 years$5,466$4,166$3,135$2,332$1,719$544
26 years$5,199$3,916$2,907$2,132$1,548$463
27 years$4,953$3,685$2,700$1,952$1,396$394
28 years$4,725$3,472$2,510$1,788$1,260$336
29 years$4,513$3,276$2,336$1,640$1,137$286
30 years$4,315$3,094$2,175$1,505$1,028$244
31 years$4,131$2,925$2,028$1,382$929$208
32 years$3,958$2,767$1,892$1,270$840$177
33 years$3,797$2,621$1,767$1,168$761$151
34 years$3,645$2,484$1,651$1,075$689$129
35 years$3,502$2,356$1,543$989$624$110
36 years$3,367$2,236$1,444$911$565$93
37 years$3,240$2,124$1,351$840$512$80
38 years$3,120$2,018$1,266$774$464$68
39 years$3,006$1,919$1,186$714$421$58
40 years$2,898$1,826$1,111$658$382$49
41 years$2,796$1,738$1,042$607$347$42
42 years$2,699$1,655$977$560$314$36
43 years$2,607$1,577$917$517$285$31
44 years$2,519$1,503$861$478$259$26
45 years$2,435$1,434$808$441$235$22
46 years$2,355$1,368$759$407$214$19
47 years$2,279$1,305$713$376$194$16
48 years$2,206$1,246$670$348$176$14
49 years$2,137$1,190$630$321$160$12
50 years$2,070$1,137$592$297$145$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,120,000, adding $2,213 every year, while hoping to spend $45,712 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: 40/36/24 Blend
50$2,120,000$2,120,000$2,120,000$2,120,000
51$2,338,523$2,226,163$2,193,303$2,415,384
52$2,528,415$2,286,607$2,218,141$2,531,461
53$2,736,144$2,348,482$2,242,280$2,652,483
54$2,963,481$2,411,808$2,265,646$2,782,509
55$3,212,376$2,476,607$2,288,166$2,922,387
56$3,484,977$2,542,899$2,309,758$3,073,051
57$3,783,649$2,610,706$2,330,339$3,235,533
58$4,110,997$2,680,046$2,349,821$3,410,964
59$4,469,889$2,750,938$2,368,110$3,600,594
60$4,863,484$2,823,400$2,385,108$3,805,799
61$5,295,262$2,897,450$2,400,712$4,028,091
62$5,769,056$2,973,102$2,414,813$4,269,142
63$6,289,088$3,050,372$2,427,298$4,530,788
64$6,860,008$3,129,274$2,438,046$4,815,055
65$7,486,940$3,209,819$2,446,931$5,124,175
66$8,175,525$3,292,018$2,453,821$5,460,606
67$8,931,981$3,375,879$2,458,576$5,827,058
68$9,763,156$3,461,410$2,461,051$6,226,516
69$10,676,595$3,548,616$2,461,093$6,662,270
70$11,680,608$3,637,499$2,458,540$7,137,944
71$12,784,354$3,728,059$2,453,225$7,657,534
72$13,997,919$3,820,296$2,444,969$8,225,442
73$15,332,420$3,914,203$2,433,589$8,846,519
74$16,800,101$4,009,773$2,418,888$9,526,113
75$18,414,454$4,106,995$2,400,664$10,270,116
76$20,190,345$4,205,854$2,378,702$11,085,022
77$22,144,151$4,306,332$2,352,780$11,977,990
78$24,293,919$4,408,407$2,322,663$12,956,906
79$26,659,532$4,512,053$2,288,106$14,030,465
80$29,262,898$4,617,237$2,248,851$15,208,249
81$32,128,156$4,723,924$2,204,630$16,500,818
82$35,281,905$4,832,073$2,155,161$17,919,812
83$38,753,451$4,941,636$2,100,151$19,478,059
84$42,575,088$5,052,561$2,039,291$21,189,697
85$46,782,398$5,164,788$1,972,259$23,070,309
86$51,414,591$5,278,251$1,898,718$25,137,070
87$56,514,869$5,392,876$1,818,315$27,408,909
88$62,130,840$5,508,581$1,730,682$29,906,688
89$68,314,960$5,625,276$1,635,435$32,653,403
90$75,125,034$5,742,862$1,532,170$35,674,397
91$82,624,757$5,861,232$1,420,468$38,997,600
92$90,884,317$5,980,267$1,299,887$42,653,798
93$99,981,054$6,099,837$1,169,970$46,676,922
94$110,000,194$6,219,801$1,030,237$51,104,367
95$121,035,651$6,340,008$880,187$55,977,347
96$133,190,910$6,460,291$719,296$61,341,288
97$146,580,009$6,580,472$547,018$67,246,254
98$161,328,610$6,700,355$362,783$73,747,424
99$177,575,187$6,819,732$165,996$80,905,610
100$195,472,334$6,938,377$0$88,787,836