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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.3%
1 years$177,545$175,964$174,421$172,915$171,444$169,795
2 years$87,894$86,257$84,670$83,132$81,640$79,979
3 years$58,014$56,370$54,787$53,263$51,796$50,174
4 years$43,077$41,438$39,871$38,373$36,941$35,371
5 years$34,117$32,488$30,942$29,474$28,082$26,569
6 years$28,145$26,529$25,005$23,571$22,220$20,765
7 years$23,882$22,279$20,780$19,379$18,071$16,675
8 years$20,686$19,097$17,623$16,257$14,992$13,654
9 years$18,201$16,627$15,178$13,847$12,625$11,346
10 years$16,215$14,656$13,233$11,936$10,757$9,536
11 years$14,590$13,048$11,650$10,388$9,252$8,087
12 years$13,238$11,711$10,339$9,112$8,017$6,908
13 years$12,094$10,583$9,237$8,044$6,991$5,937
14 years$11,115$9,620$8,300$7,141$6,128$5,127
15 years$10,267$8,788$7,494$6,368$5,396$4,446
16 years$9,525$8,063$6,794$5,702$4,769$3,869
17 years$8,872$7,425$6,182$5,123$4,229$3,376
18 years$8,292$6,861$5,644$4,617$3,760$2,954
19 years$7,773$6,359$5,166$4,172$3,351$2,591
20 years$7,307$5,909$4,742$3,779$2,993$2,276
21 years$6,886$5,504$4,361$3,429$2,679$2,003
22 years$6,504$5,138$4,020$3,118$2,401$1,765
23 years$6,155$4,805$3,711$2,840$2,155$1,557
24 years$5,836$4,502$3,432$2,590$1,937$1,375
25 years$5,543$4,225$3,179$2,365$1,743$1,216
26 years$5,273$3,971$2,948$2,163$1,570$1,076
27 years$5,023$3,737$2,738$1,980$1,416$953
28 years$4,792$3,522$2,545$1,814$1,277$844
29 years$4,577$3,322$2,369$1,663$1,153$748
30 years$4,376$3,137$2,206$1,526$1,042$664
31 years$4,189$2,966$2,057$1,402$942$589
32 years$4,014$2,806$1,919$1,288$852$523
33 years$3,850$2,658$1,792$1,185$771$464
34 years$3,696$2,519$1,674$1,090$698$412
35 years$3,551$2,389$1,565$1,003$633$367
36 years$3,415$2,268$1,464$924$573$326
37 years$3,286$2,154$1,370$852$519$290
38 years$3,164$2,047$1,283$785$471$257
39 years$3,049$1,946$1,202$724$427$229
40 years$2,939$1,852$1,127$667$387$204
41 years$2,836$1,763$1,057$616$351$181
42 years$2,737$1,679$991$568$319$161
43 years$2,644$1,599$930$525$289$143
44 years$2,555$1,525$873$484$263$128
45 years$2,470$1,454$820$447$238$114
46 years$2,389$1,387$770$413$217$101
47 years$2,311$1,324$723$382$197$90
48 years$2,237$1,264$680$353$179$80
49 years$2,167$1,207$639$326$162$71
50 years$2,099$1,153$601$301$147$63

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 $6,408 every year, while hoping to spend $59,741 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: 37/42/21 Blend
50$2,150,000$2,150,000$2,150,000$2,150,000
51$2,375,910$2,261,960$2,228,635$2,448,588
52$2,554,689$2,309,232$2,239,730$2,549,304
53$2,749,701$2,356,818$2,249,195$2,651,969
54$2,962,539$2,404,671$2,256,911$2,761,644
55$3,194,956$2,452,737$2,262,756$2,878,995
56$3,448,882$2,500,962$2,266,599$3,004,755
57$3,726,441$2,549,283$2,268,304$3,139,735
58$4,029,974$2,597,634$2,267,728$3,284,827
59$4,362,055$2,645,942$2,264,720$3,441,018
60$4,725,521$2,694,129$2,259,125$3,609,397
61$5,123,494$2,742,111$2,250,775$3,791,162
62$5,559,414$2,789,798$2,239,499$3,987,639
63$6,037,067$2,837,091$2,225,116$4,200,290
64$6,560,624$2,883,885$2,207,433$4,430,728
65$7,134,679$2,930,067$2,186,254$4,680,734
66$7,764,292$2,975,515$2,161,368$4,952,270
67$8,455,033$3,020,099$2,132,558$5,247,505
68$9,213,042$3,063,679$2,099,594$5,568,830
69$10,045,079$3,106,106$2,062,238$5,918,885
70$10,958,592$3,147,220$2,020,237$6,300,581
71$11,961,784$3,186,849$1,973,330$6,717,130
72$13,063,692$3,224,811$1,921,243$7,172,078
73$14,274,271$3,260,910$1,863,687$7,669,336
74$15,604,489$3,294,937$1,800,363$8,213,218
75$17,066,428$3,326,670$1,730,957$8,808,486
76$18,673,399$3,355,871$1,655,139$9,460,389
77$20,440,066$3,382,289$1,572,566$10,174,723
78$22,382,585$3,405,654$1,482,879$10,957,879
79$24,518,756$3,425,679$1,385,704$11,816,907
80$26,868,192$3,442,059$1,280,647$12,759,584
81$29,452,498$3,454,470$1,167,299$13,794,488
82$32,295,481$3,462,568$1,045,232$14,931,083
83$35,423,372$3,465,986$913,999$16,179,804
84$38,865,071$3,464,334$773,133$17,552,164
85$42,652,421$3,457,199$622,146$19,060,859
86$46,820,509$3,444,143$460,529$20,719,890
87$51,407,995$3,424,700$287,750$22,544,702
88$56,457,475$3,398,375$103,255$24,552,325
89$62,015,888$3,364,646$0$26,761,541
90$68,134,951$3,322,956$0$29,214,042
91$74,871,651$3,272,716$0$31,937,743
92$82,288,784$3,213,303$0$34,934,810
93$90,455,541$3,144,056$0$38,233,165
94$99,448,166$3,064,275$0$41,863,584
95$109,350,673$2,973,218$0$45,859,998
96$120,255,637$2,870,102$0$50,259,805
97$132,265,071$2,754,096$0$55,104,232
98$145,491,383$2,624,321$0$60,438,726
99$160,058,440$2,479,849$0$66,313,382
100$176,102,735$2,319,695$0$72,783,418