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%16.1%
1 years$177,545$175,964$174,421$172,915$171,444$167,164
2 years$87,894$86,257$84,670$83,132$81,640$77,355
3 years$58,014$56,370$54,787$53,263$51,796$47,640
4 years$43,077$41,438$39,871$38,373$36,941$32,946
5 years$34,117$32,488$30,942$29,474$28,082$24,259
6 years$28,145$26,529$25,005$23,571$22,220$18,573
7 years$23,882$22,279$20,780$19,379$18,071$14,600
8 years$20,686$19,097$17,623$16,257$14,992$11,696
9 years$18,201$16,627$15,178$13,847$12,625$9,501
10 years$16,215$14,656$13,233$11,936$10,757$7,802
11 years$14,590$13,048$11,650$10,388$9,252$6,460
12 years$13,238$11,711$10,339$9,112$8,017$5,385
13 years$12,094$10,583$9,237$8,044$6,991$4,513
14 years$11,115$9,620$8,300$7,141$6,128$3,799
15 years$10,267$8,788$7,494$6,368$5,396$3,209
16 years$9,525$8,063$6,794$5,702$4,769$2,719
17 years$8,872$7,425$6,182$5,123$4,229$2,310
18 years$8,292$6,861$5,644$4,617$3,760$1,966
19 years$7,773$6,359$5,166$4,172$3,351$1,676
20 years$7,307$5,909$4,742$3,779$2,993$1,432
21 years$6,886$5,504$4,361$3,429$2,679$1,224
22 years$6,504$5,138$4,020$3,118$2,401$1,048
23 years$6,155$4,805$3,711$2,840$2,155$898
24 years$5,836$4,502$3,432$2,590$1,937$770
25 years$5,543$4,225$3,179$2,365$1,743$660
26 years$5,273$3,971$2,948$2,163$1,570$567
27 years$5,023$3,737$2,738$1,980$1,416$487
28 years$4,792$3,522$2,545$1,814$1,277$418
29 years$4,577$3,322$2,369$1,663$1,153$359
30 years$4,376$3,137$2,206$1,526$1,042$309
31 years$4,189$2,966$2,057$1,402$942$266
32 years$4,014$2,806$1,919$1,288$852$229
33 years$3,850$2,658$1,792$1,185$771$197
34 years$3,696$2,519$1,674$1,090$698$169
35 years$3,551$2,389$1,565$1,003$633$146
36 years$3,415$2,268$1,464$924$573$125
37 years$3,286$2,154$1,370$852$519$108
38 years$3,164$2,047$1,283$785$471$93
39 years$3,049$1,946$1,202$724$427$80
40 years$2,939$1,852$1,127$667$387$69
41 years$2,836$1,763$1,057$616$351$59
42 years$2,737$1,679$991$568$319$51
43 years$2,644$1,599$930$525$289$44
44 years$2,555$1,525$873$484$263$38
45 years$2,470$1,454$820$447$238$33
46 years$2,389$1,387$770$413$217$28
47 years$2,311$1,324$723$382$197$24
48 years$2,237$1,264$680$353$179$21
49 years$2,167$1,207$639$326$162$18
50 years$2,099$1,153$601$301$147$15

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 $6,482 every year, while hoping to spend $21,831 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: 61/23/16 Blend
50$2,150,000$2,150,000$2,150,000$2,150,000
51$2,375,986$2,262,036$2,228,711$2,510,959
52$2,595,109$2,349,648$2,280,145$2,690,260
53$2,835,850$2,440,821$2,332,570$2,882,815
54$3,100,392$2,535,707$2,385,997$3,092,433
55$3,391,140$2,634,463$2,440,435$3,320,769
56$3,710,740$2,737,256$2,495,893$3,569,646
57$4,062,111$2,844,258$2,552,382$3,841,067
58$4,448,468$2,955,647$2,609,908$4,137,238
59$4,873,351$3,071,614$2,668,480$4,460,588
60$5,340,664$3,192,354$2,728,104$4,813,787
61$5,854,705$3,318,073$2,788,789$5,199,777
62$6,420,211$3,448,984$2,850,539$5,621,793
63$7,042,400$3,585,312$2,913,361$6,083,400
64$7,727,024$3,727,292$2,977,257$6,588,520
65$8,480,418$3,875,166$3,042,233$7,141,473
66$9,309,563$4,029,192$3,108,290$7,747,012
67$10,222,151$4,189,635$3,175,431$8,410,374
68$11,226,659$4,356,775$3,243,655$9,137,323
69$12,332,424$4,530,903$3,312,964$9,934,208
70$13,549,737$4,712,324$3,383,354$10,808,019
71$14,889,938$4,901,355$3,454,824$11,766,456
72$16,365,520$5,098,330$3,527,370$12,817,996
73$17,990,252$5,303,597$3,600,985$13,971,977
74$19,779,302$5,517,518$3,675,662$15,238,685
75$21,749,388$5,740,473$3,751,394$16,629,446
76$23,918,930$5,972,860$3,828,170$18,156,736
77$26,308,224$6,215,094$3,905,977$19,834,299
78$28,939,638$6,467,609$3,984,802$21,677,273
79$31,837,817$6,730,858$4,064,630$23,702,330
80$35,029,920$7,005,316$4,145,440$25,927,840
81$38,545,874$7,291,478$4,227,215$28,374,037
82$42,418,657$7,589,864$4,309,930$31,063,210
83$46,684,609$7,901,016$4,393,561$34,019,915
84$51,383,773$8,225,500$4,478,080$37,271,203
85$56,560,279$8,563,911$4,563,456$40,846,875
86$62,262,752$8,916,867$4,649,657$44,779,764
87$68,544,777$9,285,017$4,736,644$49,106,041
88$75,465,402$9,669,041$4,824,380$53,865,555
89$83,089,696$10,069,647$4,912,820$59,102,213
90$91,489,363$10,487,578$5,001,917$64,864,386
91$100,743,419$10,923,610$5,091,622$71,205,370
92$110,938,935$11,378,554$5,181,879$78,183,883
93$122,171,864$11,853,262$5,272,630$85,864,621
94$134,547,943$12,348,620$5,363,812$94,318,868
95$148,183,690$12,865,559$5,455,356$103,625,161
96$163,207,507$13,405,052$5,547,191$113,870,039
97$179,760,889$13,968,115$5,639,238$125,148,851
98$197,999,761$14,555,815$5,731,414$137,566,655
99$218,095,952$15,169,265$5,823,632$151,239,213
100$240,238,810$15,809,631$5,915,795$166,294,074