Can I retire at age 51 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$175,893$174,327$172,798$171,306$169,849$166,898
2 years$87,076$85,454$83,883$82,359$80,881$77,917
3 years$57,474$55,845$54,278$52,768$51,314$48,430
4 years$42,676$41,052$39,500$38,016$36,598$33,816
5 years$33,799$32,185$30,654$29,200$27,821$25,149
6 years$27,884$26,282$24,773$23,352$22,014$19,455
7 years$23,660$22,071$20,586$19,199$17,903$15,458
8 years$20,493$18,919$17,459$16,105$14,852$12,520
9 years$18,032$16,473$15,037$13,718$12,508$10,288
10 years$16,064$14,520$13,110$11,825$10,657$8,547
11 years$14,455$12,926$11,542$10,291$9,166$7,163
12 years$13,115$11,602$10,243$9,027$7,943$6,045
13 years$11,982$10,485$9,151$7,969$6,926$5,131
14 years$11,011$9,530$8,223$7,074$6,071$4,375
15 years$10,171$8,706$7,424$6,309$5,346$3,745
16 years$9,437$7,988$6,731$5,649$4,725$3,216
17 years$8,789$7,356$6,125$5,076$4,189$2,770
18 years$8,215$6,798$5,591$4,574$3,725$2,390
19 years$7,701$6,300$5,118$4,133$3,320$2,067
20 years$7,239$5,854$4,697$3,743$2,966$1,791
21 years$6,822$5,453$4,321$3,397$2,654$1,554
22 years$6,443$5,090$3,982$3,089$2,379$1,349
23 years$6,098$4,761$3,677$2,813$2,135$1,173
24 years$5,782$4,460$3,400$2,566$1,919$1,021
25 years$5,491$4,186$3,150$2,343$1,727$889
26 years$5,224$3,934$2,921$2,143$1,556$775
27 years$4,977$3,702$2,712$1,961$1,403$676
28 years$4,747$3,489$2,522$1,797$1,266$590
29 years$4,534$3,291$2,347$1,648$1,143$515
30 years$4,336$3,108$2,186$1,512$1,033$450
31 years$4,150$2,938$2,038$1,389$934$393
32 years$3,977$2,780$1,901$1,276$844$343
33 years$3,815$2,633$1,775$1,174$764$300
34 years$3,662$2,495$1,659$1,080$692$262
35 years$3,518$2,367$1,551$994$627$229
36 years$3,383$2,247$1,451$916$568$201
37 years$3,255$2,134$1,358$844$515$176
38 years$3,135$2,028$1,271$778$467$154
39 years$3,020$1,928$1,191$717$423$134
40 years$2,912$1,835$1,117$661$384$118
41 years$2,809$1,746$1,047$610$348$103
42 years$2,712$1,663$982$563$316$90
43 years$2,619$1,585$922$520$287$79
44 years$2,531$1,510$865$480$260$69
45 years$2,447$1,440$812$443$236$60
46 years$2,366$1,374$763$409$215$53
47 years$2,290$1,311$717$378$195$46
48 years$2,217$1,252$674$350$177$41
49 years$2,147$1,195$633$323$161$35
50 years$2,080$1,142$595$299$146$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,130,000, adding $4,315 every year, while hoping to spend $37,514 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: 35/35/30 Blend
50$2,130,000$2,130,000$2,130,000$2,130,000
51$2,351,711$2,238,821$2,205,806$2,412,668
52$2,551,671$2,308,609$2,239,786$2,528,741
53$2,770,769$2,380,558$2,273,647$2,650,242
54$3,010,919$2,454,737$2,307,345$2,780,632
55$3,274,226$2,531,212$2,340,835$2,920,735
56$3,563,011$2,610,055$2,374,066$3,071,456
57$3,879,828$2,691,338$2,406,987$3,233,793
58$4,227,492$2,775,136$2,439,543$3,408,839
59$4,609,104$2,861,525$2,471,675$3,597,803
60$5,028,078$2,950,585$2,503,322$3,802,009
61$5,488,176$3,042,397$2,534,417$4,022,921
62$5,993,541$3,137,047$2,564,892$4,262,144
63$6,548,740$3,234,619$2,594,673$4,521,449
64$7,158,800$3,335,204$2,623,683$4,802,785
65$7,829,262$3,438,894$2,651,841$5,108,297
66$8,566,230$3,545,783$2,679,061$5,440,348
67$9,376,427$3,655,968$2,705,251$5,801,538
68$10,267,263$3,769,550$2,730,317$6,194,732
69$11,246,898$3,886,633$2,754,158$6,623,086
70$12,324,327$4,007,323$2,776,666$7,090,074
71$13,509,455$4,131,729$2,797,732$7,599,524
72$14,813,200$4,259,964$2,817,237$8,155,650
73$16,247,590$4,392,145$2,835,057$8,763,096
74$17,825,875$4,528,392$2,851,063$9,426,978
75$19,562,658$4,668,827$2,865,117$10,152,930
76$21,474,027$4,813,577$2,877,077$10,947,160
77$23,577,709$4,962,774$2,886,790$11,816,505
78$25,893,237$5,116,551$2,894,099$12,768,501
79$28,442,132$5,275,047$2,898,836$13,811,448
80$31,248,110$5,438,404$2,900,827$14,954,491
81$34,337,301$5,606,770$2,899,889$16,207,705
82$37,738,499$5,780,295$2,895,829$17,582,192
83$41,483,432$5,959,135$2,888,444$19,090,185
84$45,607,059$6,143,450$2,877,524$20,745,160
85$50,147,904$6,333,404$2,862,846$22,561,968
86$55,148,416$6,529,167$2,844,178$24,556,972
87$60,655,371$6,730,913$2,821,275$26,748,201
88$66,720,313$6,938,822$2,793,882$29,155,524
89$73,400,039$7,153,078$2,761,731$31,800,832
90$80,757,137$7,373,873$2,724,542$34,708,248
91$88,860,572$7,601,400$2,682,022$37,904,353
92$97,786,343$7,835,861$2,633,862$41,418,439
93$107,618,196$8,077,464$2,579,743$45,282,783
94$118,448,414$8,326,422$2,519,326$49,532,952
95$130,378,688$8,582,953$2,452,259$54,208,141
96$143,521,080$8,847,282$2,378,175$59,351,540
97$157,999,074$9,119,643$2,296,687$65,010,744
98$173,948,746$9,400,273$2,207,394$71,238,200
99$191,520,049$9,689,417$2,109,872$78,091,704
100$210,878,224$9,987,328$2,003,683$85,634,945