Can I retire at age 51 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$177,545$175,964$174,421$172,915$171,444$164,968
2 years$87,894$86,257$84,670$83,132$81,640$75,190
3 years$58,014$56,370$54,787$53,263$51,796$45,576
4 years$43,077$41,438$39,871$38,373$36,941$30,998
5 years$34,117$32,488$30,942$29,474$28,082$22,432
6 years$28,145$26,529$25,005$23,571$22,220$16,866
7 years$23,882$22,279$20,780$19,379$18,071$13,012
8 years$20,686$19,097$17,623$16,257$14,992$10,222
9 years$18,201$16,627$15,178$13,847$12,625$8,139
10 years$16,215$14,656$13,233$11,936$10,757$6,546
11 years$14,590$13,048$11,650$10,388$9,252$5,306
12 years$13,238$11,711$10,339$9,112$8,017$4,327
13 years$12,094$10,583$9,237$8,044$6,991$3,546
14 years$11,115$9,620$8,300$7,141$6,128$2,918
15 years$10,267$8,788$7,494$6,368$5,396$2,408
16 years$9,525$8,063$6,794$5,702$4,769$1,992
17 years$8,872$7,425$6,182$5,123$4,229$1,652
18 years$8,292$6,861$5,644$4,617$3,760$1,372
19 years$7,773$6,359$5,166$4,172$3,351$1,141
20 years$7,307$5,909$4,742$3,779$2,993$950
21 years$6,886$5,504$4,361$3,429$2,679$792
22 years$6,504$5,138$4,020$3,118$2,401$661
23 years$6,155$4,805$3,711$2,840$2,155$551
24 years$5,836$4,502$3,432$2,590$1,937$461
25 years$5,543$4,225$3,179$2,365$1,743$385
26 years$5,273$3,971$2,948$2,163$1,570$322
27 years$5,023$3,737$2,738$1,980$1,416$269
28 years$4,792$3,522$2,545$1,814$1,277$225
29 years$4,577$3,322$2,369$1,663$1,153$188
30 years$4,376$3,137$2,206$1,526$1,042$157
31 years$4,189$2,966$2,057$1,402$942$132
32 years$4,014$2,806$1,919$1,288$852$110
33 years$3,850$2,658$1,792$1,185$771$92
34 years$3,696$2,519$1,674$1,090$698$77
35 years$3,551$2,389$1,565$1,003$633$65
36 years$3,415$2,268$1,464$924$573$54
37 years$3,286$2,154$1,370$852$519$45
38 years$3,164$2,047$1,283$785$471$38
39 years$3,049$1,946$1,202$724$427$32
40 years$2,939$1,852$1,127$667$387$27
41 years$2,836$1,763$1,057$616$351$22
42 years$2,737$1,679$991$568$319$19
43 years$2,644$1,599$930$525$289$16
44 years$2,555$1,525$873$484$263$13
45 years$2,470$1,454$820$447$238$11
46 years$2,389$1,387$770$413$217$9
47 years$2,311$1,324$723$382$197$8
48 years$2,237$1,264$680$353$179$6
49 years$2,167$1,207$639$326$162$5
50 years$2,099$1,153$601$301$147$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,150,000, adding $6,024 every year, while hoping to spend $29,358 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: 50/36/14 Blend
50$2,150,000$2,150,000$2,150,000$2,150,000
51$2,375,514$2,261,564$2,228,239$2,484,913
52$2,586,579$2,341,144$2,271,648$2,640,290
53$2,818,190$2,423,639$2,315,528$2,805,482
54$3,072,410$2,509,162$2,359,862$2,984,343
55$3,351,513$2,597,828$2,404,635$3,178,168
56$3,658,005$2,689,759$2,449,828$3,388,380
57$3,994,645$2,785,081$2,495,421$3,616,545
58$4,364,474$2,883,925$2,541,392$3,864,383
59$4,770,839$2,986,427$2,587,718$4,133,790
60$5,217,432$3,092,729$2,634,374$4,426,846
61$5,708,316$3,202,978$2,681,331$4,745,845
62$6,247,969$3,317,329$2,728,561$5,093,306
63$6,841,325$3,435,942$2,776,031$5,472,005
64$7,493,820$3,558,982$2,823,708$5,884,995
65$8,211,441$3,686,624$2,871,554$6,335,634
66$9,000,788$3,819,048$2,919,530$6,827,622
67$9,869,128$3,956,442$2,967,594$7,365,029
68$10,824,473$4,099,001$3,015,702$7,952,336
69$11,875,646$4,246,929$3,063,806$8,594,474
70$13,032,373$4,400,439$3,111,853$9,296,876
71$14,305,365$4,559,751$3,159,791$10,065,520
72$15,706,430$4,725,096$3,207,561$10,906,989
73$17,248,573$4,896,713$3,255,102$11,828,532
74$18,946,127$5,074,852$3,302,348$12,838,132
75$20,814,885$5,259,773$3,349,230$13,944,577
76$22,872,249$5,451,747$3,395,674$15,157,549
77$25,137,393$5,651,057$3,441,603$16,487,708
78$27,631,444$5,857,996$3,486,934$17,946,794
79$30,377,685$6,072,872$3,531,581$19,547,740
80$33,401,770$6,296,003$3,575,449$21,304,788
81$36,731,966$6,527,723$3,618,442$23,233,625
82$40,399,423$6,768,378$3,660,457$25,351,532
83$44,438,467$7,018,331$3,701,384$27,677,542
84$48,886,919$7,277,958$3,741,109$30,232,621
85$53,786,458$7,547,651$3,779,510$33,039,865
86$59,183,013$7,827,822$3,816,460$36,124,718
87$65,127,192$8,118,897$3,851,823$39,515,205
88$71,674,763$8,421,321$3,885,457$43,242,205
89$78,887,182$8,735,559$3,917,212$47,339,731
90$86,832,168$9,062,094$3,946,932$51,845,259
91$95,584,344$9,401,432$3,974,450$56,800,072
92$105,225,945$9,754,100$3,999,591$62,249,655
93$115,847,587$10,120,646$4,022,173$68,244,118
94$127,549,127$10,501,644$4,042,002$74,838,673
95$140,440,604$10,897,690$4,058,875$82,094,147
96$154,643,278$11,309,410$4,072,580$90,077,559
97$170,290,773$11,737,452$4,082,893$98,862,749
98$187,530,340$12,182,495$4,089,578$108,531,076
99$206,524,245$12,645,248$4,092,389$119,172,179
100$227,451,302$13,126,449$4,091,067$130,884,826