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%19%
1 years$175,893$174,327$172,798$171,306$169,849$163,693
2 years$87,076$85,454$83,883$82,359$80,881$74,745
3 years$57,474$55,845$54,278$52,768$51,314$45,393
4 years$42,676$41,052$39,500$38,016$36,598$30,936
5 years$33,799$32,185$30,654$29,200$27,821$22,434
6 years$27,884$26,282$24,773$23,352$22,014$16,905
7 years$23,660$22,071$20,586$19,199$17,903$13,072
8 years$20,493$18,919$17,459$16,105$14,852$10,294
9 years$18,032$16,473$15,037$13,718$12,508$8,216
10 years$16,064$14,520$13,110$11,825$10,657$6,625
11 years$14,455$12,926$11,542$10,291$9,166$5,384
12 years$13,115$11,602$10,243$9,027$7,943$4,403
13 years$11,982$10,485$9,151$7,969$6,926$3,618
14 years$11,011$9,530$8,223$7,074$6,071$2,985
15 years$10,171$8,706$7,424$6,309$5,346$2,470
16 years$9,437$7,988$6,731$5,649$4,725$2,050
17 years$8,789$7,356$6,125$5,076$4,189$1,705
18 years$8,215$6,798$5,591$4,574$3,725$1,420
19 years$7,701$6,300$5,118$4,133$3,320$1,185
20 years$7,239$5,854$4,697$3,743$2,966$990
21 years$6,822$5,453$4,321$3,397$2,654$827
22 years$6,443$5,090$3,982$3,089$2,379$692
23 years$6,098$4,761$3,677$2,813$2,135$580
24 years$5,782$4,460$3,400$2,566$1,919$486
25 years$5,491$4,186$3,150$2,343$1,727$407
26 years$5,224$3,934$2,921$2,143$1,556$341
27 years$4,977$3,702$2,712$1,961$1,403$286
28 years$4,747$3,489$2,522$1,797$1,266$240
29 years$4,534$3,291$2,347$1,648$1,143$202
30 years$4,336$3,108$2,186$1,512$1,033$169
31 years$4,150$2,938$2,038$1,389$934$142
32 years$3,977$2,780$1,901$1,276$844$119
33 years$3,815$2,633$1,775$1,174$764$100
34 years$3,662$2,495$1,659$1,080$692$84
35 years$3,518$2,367$1,551$994$627$71
36 years$3,383$2,247$1,451$916$568$59
37 years$3,255$2,134$1,358$844$515$50
38 years$3,135$2,028$1,271$778$467$42
39 years$3,020$1,928$1,191$717$423$35
40 years$2,912$1,835$1,117$661$384$30
41 years$2,809$1,746$1,047$610$348$25
42 years$2,712$1,663$982$563$316$21
43 years$2,619$1,585$922$520$287$18
44 years$2,531$1,510$865$480$260$15
45 years$2,447$1,440$812$443$236$12
46 years$2,366$1,374$763$409$215$10
47 years$2,290$1,311$717$378$195$9
48 years$2,217$1,252$674$350$177$7
49 years$2,147$1,195$633$323$161$6
50 years$2,080$1,142$595$299$146$5

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 $3,580 every year, while hoping to spend $22,891 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: 45/25/30 Blend
50$2,130,000$2,130,000$2,130,000$2,130,000
51$2,350,953$2,238,063$2,205,048$2,436,193
52$2,566,394$2,323,372$2,254,561$2,582,667
53$2,803,043$2,412,094$2,304,966$2,738,969
54$3,063,039$2,504,372$2,356,268$2,908,061
55$3,348,738$2,600,356$2,408,472$3,091,152
56$3,662,737$2,700,201$2,461,583$3,289,573
57$4,007,895$2,804,069$2,515,605$3,504,785
58$4,387,363$2,912,131$2,570,540$3,738,397
59$4,804,613$3,024,564$2,626,392$3,992,176
60$5,263,469$3,141,553$2,683,162$4,268,070
61$5,768,145$3,263,292$2,740,850$4,568,218
62$6,323,283$3,389,981$2,799,456$4,894,975
63$6,934,000$3,521,832$2,858,980$5,250,934
64$7,605,931$3,659,064$2,919,418$5,638,946
65$8,345,285$3,801,908$2,980,768$6,062,150
66$9,158,906$3,950,603$3,043,025$6,524,001
67$10,054,331$4,105,399$3,106,184$7,028,301
68$11,039,868$4,266,559$3,170,236$7,579,236
69$12,124,670$4,434,356$3,235,174$8,181,414
70$13,318,821$4,609,074$3,300,988$8,839,907
71$14,633,436$4,791,014$3,367,665$9,560,303
72$16,080,758$4,980,485$3,435,194$10,348,750
73$17,674,280$5,177,814$3,503,558$11,212,021
74$19,428,870$5,383,340$3,572,740$12,157,572
75$21,360,910$5,597,419$3,642,722$13,193,614
76$23,488,453$5,820,422$3,713,484$14,329,192
77$25,831,390$6,052,738$3,785,000$15,574,263
78$28,411,640$6,294,771$3,857,246$16,939,796
79$31,253,358$6,546,945$3,930,195$18,437,871
80$34,383,159$6,809,704$4,003,814$20,081,794
81$37,830,371$7,083,509$4,078,072$21,886,220
82$41,627,312$7,368,845$4,152,931$23,867,292
83$45,809,597$7,666,217$4,228,353$26,042,790
84$50,416,468$7,976,153$4,304,295$28,432,300
85$55,491,169$8,299,207$4,380,711$31,057,400
86$61,081,356$8,635,955$4,457,552$33,941,856
87$67,239,539$8,987,002$4,534,764$37,111,851
88$74,023,585$9,352,978$4,612,292$40,596,229
89$81,497,261$9,734,544$4,690,074$44,426,766
90$89,730,835$10,132,390$4,768,045$48,638,470
91$98,801,740$10,547,237$4,846,134$53,269,907
92$108,795,306$10,979,840$4,924,268$58,363,568
93$119,805,562$11,430,987$5,002,367$63,966,263
94$131,936,129$11,901,505$5,080,345$70,129,568
95$145,301,191$12,392,256$5,158,114$76,910,306
96$160,026,579$12,904,142$5,235,576$84,371,084
97$176,250,952$13,438,108$5,312,631$92,580,879
98$194,127,114$13,995,140$5,389,169$101,615,691
99$213,823,450$14,576,272$5,465,076$111,559,258
100$235,525,515$15,182,583$5,540,230$122,503,844