Can I retire at age 51 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$178,371$176,782$175,232$173,719$172,241$166,329
2 years$88,302$86,658$85,064$83,519$82,020$76,123
3 years$58,283$56,632$55,042$53,511$52,037$46,341
4 years$43,277$41,630$40,057$38,552$37,113$31,662
5 years$34,275$32,639$31,085$29,611$28,213$23,021
6 years$28,276$26,652$25,122$23,681$22,324$17,395
7 years$23,993$22,382$20,876$19,469$18,155$13,489
8 years$20,782$19,186$17,705$16,332$15,061$10,654
9 years$18,286$16,705$15,249$13,911$12,684$8,530
10 years$16,290$14,724$13,294$11,992$10,807$6,899
11 years$14,658$13,108$11,704$10,436$9,295$5,625
12 years$13,299$11,765$10,387$9,154$8,055$4,615
13 years$12,150$10,632$9,280$8,082$7,024$3,806
14 years$11,166$9,664$8,338$7,174$6,157$3,151
15 years$10,314$8,829$7,528$6,398$5,421$2,617
16 years$9,570$8,100$6,826$5,729$4,791$2,180
17 years$8,913$7,460$6,211$5,147$4,248$1,819
18 years$8,330$6,893$5,670$4,639$3,777$1,521
19 years$7,809$6,389$5,191$4,191$3,367$1,274
20 years$7,341$5,937$4,764$3,796$3,007$1,068
21 years$6,918$5,530$4,382$3,445$2,691$896
22 years$6,534$5,162$4,038$3,133$2,412$753
23 years$6,184$4,828$3,729$2,853$2,165$633
24 years$5,863$4,523$3,448$2,602$1,946$533
25 years$5,569$4,245$3,194$2,376$1,751$448
26 years$5,297$3,990$2,962$2,173$1,578$377
27 years$5,047$3,755$2,751$1,989$1,422$318
28 years$4,814$3,538$2,557$1,822$1,283$268
29 years$4,598$3,338$2,380$1,671$1,159$226
30 years$4,397$3,152$2,216$1,533$1,047$190
31 years$4,209$2,980$2,066$1,408$947$160
32 years$4,033$2,819$1,928$1,294$856$135
33 years$3,868$2,670$1,800$1,190$775$114
34 years$3,713$2,531$1,682$1,095$702$96
35 years$3,568$2,400$1,573$1,008$636$81
36 years$3,431$2,278$1,471$928$576$68
37 years$3,301$2,164$1,377$855$522$58
38 years$3,179$2,056$1,289$788$473$49
39 years$3,063$1,955$1,208$727$429$41
40 years$2,953$1,860$1,132$671$389$35
41 years$2,849$1,771$1,062$619$353$29
42 years$2,750$1,687$996$571$320$25
43 years$2,656$1,607$935$527$291$21
44 years$2,566$1,532$877$487$264$18
45 years$2,481$1,461$824$449$240$15
46 years$2,400$1,393$774$415$218$13
47 years$2,322$1,330$727$384$198$11
48 years$2,248$1,269$683$354$179$9
49 years$2,177$1,212$642$328$163$8
50 years$2,109$1,158$604$303$148$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,160,000, adding $6,299 every year, while hoping to spend $50,691 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: 33/48/19 Blend
50$2,160,000$2,160,000$2,160,000$2,160,000
51$2,386,817$2,272,337$2,238,857$2,451,378
52$2,576,338$2,329,747$2,259,924$2,557,183
53$2,783,491$2,388,271$2,279,998$2,666,033
54$3,010,020$2,447,910$2,298,992$2,782,284
55$3,257,849$2,508,664$2,316,814$2,906,614
56$3,529,091$2,570,530$2,333,369$3,039,774
57$3,826,076$2,633,504$2,348,555$3,182,589
58$4,151,370$2,697,580$2,362,266$3,335,967
59$4,507,798$2,762,749$2,374,389$3,500,910
60$4,898,470$2,829,000$2,384,808$3,678,521
61$5,326,813$2,896,321$2,393,399$3,870,015
62$5,796,602$2,964,694$2,400,031$4,076,731
63$6,311,992$3,034,101$2,404,569$4,300,144
64$6,877,562$3,104,519$2,406,869$4,541,879
65$7,498,356$3,175,923$2,406,782$4,803,730
66$8,179,928$3,248,283$2,404,148$5,087,669
67$8,928,397$3,321,565$2,398,804$5,395,874
68$9,750,505$3,395,734$2,390,576$5,730,743
69$10,653,678$3,470,746$2,379,281$6,094,921
70$11,646,096$3,546,555$2,364,730$6,491,320
71$12,736,771$3,623,109$2,346,721$6,923,154
72$13,935,633$3,700,353$2,325,048$7,393,965
73$15,253,619$3,778,222$2,299,488$7,907,654
74$16,702,781$3,856,648$2,269,814$8,468,525
75$18,296,397$3,935,555$2,235,785$9,081,323
76$20,049,094$4,014,862$2,197,148$9,751,274
77$21,976,990$4,094,479$2,153,641$10,484,146
78$24,097,842$4,174,308$2,104,988$11,286,291
79$26,431,216$4,254,243$2,050,899$12,164,715
80$28,998,669$4,334,170$1,991,073$13,127,142
81$31,823,953$4,413,964$1,925,194$14,182,084
82$34,933,241$4,493,493$1,852,932$15,338,927
83$38,355,367$4,572,610$1,773,942$16,608,017
84$42,122,108$4,651,161$1,687,861$18,000,761
85$46,268,472$4,728,977$1,594,314$19,529,732
86$50,833,037$4,805,878$1,492,905$21,208,790
87$55,858,312$4,881,670$1,383,222$23,053,216
88$61,391,134$4,956,146$1,264,834$25,079,855
89$67,483,114$5,029,083$1,137,291$27,307,275
90$74,191,125$5,100,241$1,000,123$29,755,944
91$81,577,832$5,169,365$852,840$32,448,429
92$89,712,288$5,236,181$694,927$35,409,602
93$98,670,585$5,300,397$525,850$38,666,883
94$108,536,568$5,361,700$345,050$42,250,496
95$119,402,632$5,419,757$151,943$46,193,759
96$131,370,587$5,474,212$0$50,533,399
97$144,552,623$5,524,685$0$55,320,873
98$159,072,368$5,570,772$0$60,623,418
99$175,066,051$5,612,041$0$66,459,521
100$192,683,791$5,648,034$0$72,883,542