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

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$175,068$173,508$171,987$170,502$169,052$167,078
2 years$86,667$85,053$83,489$81,972$80,501$78,514
3 years$57,204$55,583$54,023$52,520$51,073$49,135
4 years$42,476$40,859$39,315$37,838$36,426$34,551
5 years$33,641$32,034$30,510$29,063$27,690$25,885
6 years$27,753$26,158$24,656$23,242$21,910$20,177
7 years$23,549$21,968$20,490$19,109$17,819$16,157
8 years$20,397$18,830$17,377$16,030$14,783$13,193
9 years$17,947$16,395$14,967$13,654$12,449$10,931
10 years$15,988$14,452$13,048$11,770$10,607$9,159
11 years$14,387$12,865$11,488$10,243$9,123$7,743
12 years$13,053$11,547$10,195$8,985$7,905$6,594
13 years$11,925$10,435$9,108$7,932$6,894$5,648
14 years$10,960$9,486$8,184$7,041$6,043$4,861
15 years$10,123$8,665$7,389$6,280$5,321$4,201
16 years$9,392$7,950$6,699$5,623$4,702$3,643
17 years$8,748$7,322$6,096$5,052$4,170$3,169
18 years$8,176$6,766$5,565$4,553$3,707$2,763
19 years$7,665$6,270$5,094$4,114$3,304$2,414
20 years$7,205$5,827$4,675$3,726$2,952$2,113
21 years$6,790$5,427$4,300$3,381$2,641$1,852
22 years$6,413$5,066$3,964$3,075$2,368$1,626
23 years$6,069$4,738$3,660$2,800$2,125$1,429
24 years$5,755$4,440$3,385$2,554$1,910$1,258
25 years$5,466$4,166$3,135$2,332$1,719$1,107
26 years$5,199$3,916$2,907$2,132$1,548$976
27 years$4,953$3,685$2,700$1,952$1,396$861
28 years$4,725$3,472$2,510$1,788$1,260$760
29 years$4,513$3,276$2,336$1,640$1,137$671
30 years$4,315$3,094$2,175$1,505$1,028$593
31 years$4,131$2,925$2,028$1,382$929$524
32 years$3,958$2,767$1,892$1,270$840$463
33 years$3,797$2,621$1,767$1,168$761$409
34 years$3,645$2,484$1,651$1,075$689$362
35 years$3,502$2,356$1,543$989$624$320
36 years$3,367$2,236$1,444$911$565$284
37 years$3,240$2,124$1,351$840$512$251
38 years$3,120$2,018$1,266$774$464$222
39 years$3,006$1,919$1,186$714$421$197
40 years$2,898$1,826$1,111$658$382$174
41 years$2,796$1,738$1,042$607$347$154
42 years$2,699$1,655$977$560$314$137
43 years$2,607$1,577$917$517$285$121
44 years$2,519$1,503$861$478$259$107
45 years$2,435$1,434$808$441$235$95
46 years$2,355$1,368$759$407$214$84
47 years$2,279$1,305$713$376$194$75
48 years$2,206$1,246$670$348$176$66
49 years$2,137$1,190$630$321$160$59
50 years$2,070$1,137$592$297$145$52

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 $5,093 every year, while hoping to spend $33,217 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: 35/46/19 Blend
50$2,120,000$2,120,000$2,120,000$2,120,000
51$2,341,493$2,229,133$2,196,273$2,409,692
52$2,544,983$2,303,018$2,234,506$2,533,961
53$2,768,115$2,379,410$2,272,906$2,664,497
54$3,012,859$2,458,397$2,311,444$2,804,651
55$3,281,382$2,540,070$2,350,089$2,955,295
56$3,576,072$2,624,523$2,388,806$3,117,391
57$3,899,560$2,711,853$2,427,560$3,291,992
58$4,254,745$2,802,163$2,466,312$3,480,258
59$4,644,816$2,895,557$2,505,022$3,683,463
60$5,073,292$2,992,144$2,543,645$3,903,007
61$5,544,046$3,092,037$2,582,135$4,140,429
62$6,061,345$3,195,353$2,620,442$4,397,423
63$6,629,890$3,302,213$2,658,515$4,675,850
64$7,254,861$3,412,744$2,696,298$4,977,757
65$7,941,964$3,527,075$2,733,730$5,305,397
66$8,697,485$3,645,343$2,770,751$5,661,247
67$9,528,351$3,767,687$2,807,294$6,048,035
68$10,442,192$3,894,253$2,843,287$6,468,759
69$11,447,417$4,025,192$2,878,658$6,926,721
70$12,553,288$4,160,661$2,913,328$7,425,554
71$13,770,012$4,300,822$2,947,213$7,969,258
72$15,108,836$4,445,845$2,980,227$8,562,234
73$16,582,149$4,595,903$3,012,277$9,209,327
74$18,203,605$4,751,179$3,043,265$9,915,872
75$19,988,246$4,911,861$3,073,088$10,687,743
76$21,952,650$5,078,144$3,101,639$11,531,405
77$24,115,079$5,250,232$3,128,802$12,453,978
78$26,495,658$5,428,335$3,154,459$13,463,303
79$29,116,563$5,612,671$3,178,481$14,568,014
80$32,002,228$5,803,467$3,200,735$15,777,618
81$35,179,578$6,000,960$3,221,083$17,102,587
82$38,678,280$6,205,393$3,239,375$18,554,452
83$42,531,028$6,417,020$3,255,457$20,145,916
84$46,773,845$6,636,106$3,269,166$21,890,968
85$51,446,425$6,862,923$3,280,331$23,805,017
86$56,592,510$7,097,756$3,288,772$25,905,036
87$62,260,300$7,340,900$3,294,300$28,209,722
88$68,502,908$7,592,662$3,296,717$30,739,668
89$75,378,863$7,853,360$3,295,815$33,517,564
90$82,952,657$8,123,325$3,291,375$36,568,400
91$91,295,360$8,402,901$3,283,169$39,919,709
92$100,485,288$8,692,444$3,270,956$43,601,823
93$110,608,739$8,992,325$3,254,484$47,648,157
94$121,760,812$9,302,930$3,233,491$52,095,525
95$134,046,300$9,624,659$3,207,698$56,984,485
96$147,580,683$9,957,928$3,176,817$62,359,721
97$162,491,216$10,303,170$3,140,543$68,270,465
98$178,918,128$10,660,833$3,098,560$74,770,959
99$197,015,949$11,031,386$3,050,533$81,920,963
100$216,954,965$11,415,313$2,996,115$89,786,325