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%15.7%
1 years$175,893$174,327$172,798$171,306$169,849$165,878
2 years$87,076$85,454$83,883$82,359$80,881$76,902
3 years$57,474$55,845$54,278$52,768$51,314$47,453
4 years$42,676$41,052$39,500$38,016$36,598$32,883
5 years$33,799$32,185$30,654$29,200$27,821$24,264
6 years$27,884$26,282$24,773$23,352$22,014$18,618
7 years$23,660$22,071$20,586$19,199$17,903$14,668
8 years$20,493$18,919$17,459$16,105$14,852$11,778
9 years$18,032$16,473$15,037$13,718$12,508$9,591
10 years$16,064$14,520$13,110$11,825$10,657$7,895
11 years$14,455$12,926$11,542$10,291$9,166$6,554
12 years$13,115$11,602$10,243$9,027$7,943$5,478
13 years$11,982$10,485$9,151$7,969$6,926$4,603
14 years$11,011$9,530$8,223$7,074$6,071$3,885
15 years$10,171$8,706$7,424$6,309$5,346$3,291
16 years$9,437$7,988$6,731$5,649$4,725$2,797
17 years$8,789$7,356$6,125$5,076$4,189$2,383
18 years$8,215$6,798$5,591$4,574$3,725$2,034
19 years$7,701$6,300$5,118$4,133$3,320$1,740
20 years$7,239$5,854$4,697$3,743$2,966$1,490
21 years$6,822$5,453$4,321$3,397$2,654$1,278
22 years$6,443$5,090$3,982$3,089$2,379$1,097
23 years$6,098$4,761$3,677$2,813$2,135$943
24 years$5,782$4,460$3,400$2,566$1,919$811
25 years$5,491$4,186$3,150$2,343$1,727$698
26 years$5,224$3,934$2,921$2,143$1,556$601
27 years$4,977$3,702$2,712$1,961$1,403$518
28 years$4,747$3,489$2,522$1,797$1,266$446
29 years$4,534$3,291$2,347$1,648$1,143$385
30 years$4,336$3,108$2,186$1,512$1,033$332
31 years$4,150$2,938$2,038$1,389$934$286
32 years$3,977$2,780$1,901$1,276$844$247
33 years$3,815$2,633$1,775$1,174$764$213
34 years$3,662$2,495$1,659$1,080$692$184
35 years$3,518$2,367$1,551$994$627$159
36 years$3,383$2,247$1,451$916$568$137
37 years$3,255$2,134$1,358$844$515$119
38 years$3,135$2,028$1,271$778$467$103
39 years$3,020$1,928$1,191$717$423$89
40 years$2,912$1,835$1,117$661$384$76
41 years$2,809$1,746$1,047$610$348$66
42 years$2,712$1,663$982$563$316$57
43 years$2,619$1,585$922$520$287$49
44 years$2,531$1,510$865$480$260$43
45 years$2,447$1,440$812$443$236$37
46 years$2,366$1,374$763$409$215$32
47 years$2,290$1,311$717$378$195$28
48 years$2,217$1,252$674$350$177$24
49 years$2,147$1,195$633$323$161$21
50 years$2,080$1,142$595$299$146$18

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 $2,299 every year, while hoping to spend $39,583 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: 44/46/10 Blend
50$2,130,000$2,130,000$2,130,000$2,130,000
51$2,349,631$2,236,741$2,203,726$2,446,194
52$2,547,178$2,304,226$2,235,435$2,580,969
53$2,763,547$2,373,690$2,266,880$2,722,746
54$3,000,618$2,445,190$2,298,009$2,875,512
55$3,260,458$2,518,782$2,328,770$3,040,293
56$3,545,346$2,594,523$2,359,105$3,218,217
57$3,857,791$2,672,474$2,388,954$3,410,520
58$4,200,556$2,752,696$2,418,255$3,618,568
59$4,576,685$2,835,250$2,446,938$3,843,859
60$4,989,531$2,920,201$2,474,935$4,088,042
61$5,442,787$3,007,615$2,502,169$4,352,932
62$5,940,521$3,097,558$2,528,561$4,640,527
63$6,487,215$3,190,099$2,554,029$4,953,023
64$7,087,806$3,285,309$2,578,484$5,292,839
65$7,747,732$3,383,259$2,601,833$5,662,638
66$8,472,986$3,484,023$2,623,979$6,065,351
67$9,270,167$3,587,677$2,644,819$6,504,204
68$10,146,548$3,694,297$2,664,244$6,982,749
69$11,110,141$3,803,963$2,682,142$7,504,898
70$12,169,772$3,916,754$2,698,391$8,074,957
71$13,335,168$4,032,754$2,712,866$8,697,669
72$14,617,043$4,152,047$2,725,434$9,378,256
73$16,027,201$4,274,717$2,735,957$10,122,469
74$17,578,652$4,400,854$2,744,287$10,936,644
75$19,285,726$4,530,548$2,750,272$11,827,756
76$21,164,214$4,663,888$2,753,750$12,803,491
77$23,231,515$4,800,970$2,754,552$13,872,312
78$25,506,800$4,941,888$2,752,500$15,043,542
79$28,011,192$5,086,740$2,747,408$16,327,453
80$30,767,968$5,235,624$2,739,080$17,735,357
81$33,802,774$5,388,643$2,727,312$19,279,719
82$37,143,868$5,545,898$2,711,889$20,974,267
83$40,822,390$5,707,494$2,692,585$22,834,129
84$44,872,652$5,873,540$2,669,164$24,875,969
85$49,332,462$6,044,142$2,641,380$27,118,145
86$54,243,480$6,219,412$2,608,973$29,580,886
87$59,651,614$6,399,462$2,571,673$32,286,478
88$65,607,449$6,584,406$2,529,195$35,259,475
89$72,166,728$6,774,361$2,481,242$38,526,929
90$79,390,873$6,969,445$2,427,503$42,118,651
91$87,347,571$7,169,776$2,367,653$46,067,481
92$96,111,405$7,375,476$2,301,350$50,409,610
93$105,764,563$7,586,669$2,228,240$55,184,911
94$116,397,611$7,803,479$2,147,949$60,437,320
95$128,110,350$8,026,032$2,060,088$66,215,248
96$141,012,754$8,254,456$1,964,249$72,572,041
97$155,226,010$8,488,880$1,860,007$79,566,478
98$170,883,663$8,729,434$1,746,917$87,263,328
99$188,132,870$8,976,250$1,624,512$95,733,963
100$207,135,798$9,229,461$1,492,308$105,057,027