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

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$178,371$176,782$175,232$173,719$172,241$169,948
2 years$88,302$86,658$85,064$83,519$82,020$79,713
3 years$58,283$56,632$55,042$53,511$52,037$49,788
4 years$43,277$41,630$40,057$38,552$37,113$34,940
5 years$34,275$32,639$31,085$29,611$28,213$26,122
6 years$28,276$26,652$25,122$23,681$22,324$20,317
7 years$23,993$22,382$20,876$19,469$18,155$16,233
8 years$20,782$19,186$17,705$16,332$15,061$13,225
9 years$18,286$16,705$15,249$13,911$12,684$10,931
10 years$16,290$14,724$13,294$11,992$10,807$9,137
11 years$14,658$13,108$11,704$10,436$9,295$7,706
12 years$13,299$11,765$10,387$9,154$8,055$6,545
13 years$12,150$10,632$9,280$8,082$7,024$5,592
14 years$11,166$9,664$8,338$7,174$6,157$4,800
15 years$10,314$8,829$7,528$6,398$5,421$4,137
16 years$9,570$8,100$6,826$5,729$4,791$3,578
17 years$8,913$7,460$6,211$5,147$4,248$3,103
18 years$8,330$6,893$5,670$4,639$3,777$2,698
19 years$7,809$6,389$5,191$4,191$3,367$2,350
20 years$7,341$5,937$4,764$3,796$3,007$2,051
21 years$6,918$5,530$4,382$3,445$2,691$1,793
22 years$6,534$5,162$4,038$3,133$2,412$1,569
23 years$6,184$4,828$3,729$2,853$2,165$1,375
24 years$5,863$4,523$3,448$2,602$1,946$1,206
25 years$5,569$4,245$3,194$2,376$1,751$1,059
26 years$5,297$3,990$2,962$2,173$1,578$930
27 years$5,047$3,755$2,751$1,989$1,422$818
28 years$4,814$3,538$2,557$1,822$1,283$719
29 years$4,598$3,338$2,380$1,671$1,159$633
30 years$4,397$3,152$2,216$1,533$1,047$557
31 years$4,209$2,980$2,066$1,408$947$491
32 years$4,033$2,819$1,928$1,294$856$433
33 years$3,868$2,670$1,800$1,190$775$381
34 years$3,713$2,531$1,682$1,095$702$336
35 years$3,568$2,400$1,573$1,008$636$296
36 years$3,431$2,278$1,471$928$576$261
37 years$3,301$2,164$1,377$855$522$231
38 years$3,179$2,056$1,289$788$473$204
39 years$3,063$1,955$1,208$727$429$180
40 years$2,953$1,860$1,132$671$389$159
41 years$2,849$1,771$1,062$619$353$140
42 years$2,750$1,687$996$571$320$124
43 years$2,656$1,607$935$527$291$109
44 years$2,566$1,532$877$487$264$96
45 years$2,481$1,461$824$449$240$85
46 years$2,400$1,393$774$415$218$75
47 years$2,322$1,330$727$384$198$66
48 years$2,248$1,269$683$354$179$59
49 years$2,177$1,212$642$328$163$52
50 years$2,109$1,158$604$303$148$46

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 $4,380 every year, while hoping to spend $37,836 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: 36/36/28 Blend
50$2,160,000$2,160,000$2,160,000$2,160,000
51$2,384,838$2,270,358$2,236,878$2,450,511
52$2,587,834$2,341,348$2,271,556$2,570,741
53$2,810,268$2,414,549$2,306,128$2,696,714
54$3,054,082$2,490,029$2,340,550$2,831,988
55$3,321,416$2,567,857$2,374,776$2,977,427
56$3,614,626$2,648,108$2,408,756$3,133,977
57$3,936,308$2,730,855$2,442,440$3,302,682
58$4,289,320$2,816,177$2,475,771$3,484,689
59$4,676,813$2,904,151$2,508,691$3,681,262
60$5,102,254$2,994,861$2,541,138$3,893,788
61$5,569,465$3,088,390$2,573,047$4,123,798
62$6,082,655$3,184,825$2,604,349$4,372,974
63$6,646,461$3,284,257$2,634,970$4,643,168
64$7,265,992$3,386,778$2,664,833$4,936,419
65$7,946,875$3,492,481$2,693,857$5,254,973
66$8,695,310$3,601,467$2,721,955$5,601,302
67$9,518,128$3,713,835$2,749,037$5,978,127
68$10,422,854$3,829,691$2,775,007$6,388,445
69$11,417,779$3,949,140$2,799,764$6,835,558
70$12,512,039$4,072,293$2,823,202$7,323,099
71$13,715,696$4,199,265$2,845,209$7,855,074
72$15,039,841$4,330,173$2,865,667$8,435,890
73$16,496,691$4,465,137$2,884,453$9,070,406
74$18,099,707$4,604,283$2,901,435$9,763,971
75$19,863,721$4,747,737$2,916,478$10,522,478
76$21,805,078$4,895,633$2,929,437$11,352,419
77$23,941,783$5,048,106$2,940,160$12,260,946
78$26,293,678$5,205,297$2,948,489$13,255,938
79$28,882,627$5,367,350$2,954,257$14,346,073
80$31,732,719$5,534,414$2,957,289$15,540,916
81$34,870,498$5,706,643$2,957,400$16,851,001
82$38,325,214$5,884,193$2,954,398$18,287,935
83$42,129,095$6,067,227$2,948,079$19,864,509
84$46,317,655$6,255,914$2,938,233$21,594,812
85$50,930,028$6,450,426$2,924,635$23,494,371
86$56,009,333$6,650,939$2,907,053$25,580,292
87$61,603,088$6,857,638$2,885,242$27,871,424
88$67,763,651$7,070,710$2,858,945$30,388,537
89$74,548,718$7,290,350$2,827,895$33,154,515
90$82,021,867$7,516,757$2,791,809$36,194,575
91$90,253,156$7,750,137$2,750,394$39,536,504
92$99,319,787$7,990,702$2,703,340$43,210,919
93$109,306,829$8,238,670$2,650,326$47,251,560
94$120,308,027$8,494,266$2,591,013$51,695,602
95$132,426,682$8,757,721$2,525,048$56,584,015
96$145,776,627$9,029,274$2,452,062$61,961,940
97$160,483,304$9,309,169$2,371,666$67,879,124
98$176,684,941$9,597,658$2,283,457$74,390,383
99$194,533,864$9,895,003$2,187,012$81,556,124
100$214,197,930$10,201,469$2,081,889$89,442,913