Can I retire at age 51 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$179,197$177,600$176,043$174,523$173,039$166,767
2 years$88,711$87,059$85,458$83,905$82,399$76,149
3 years$58,553$56,894$55,297$53,759$52,278$46,246
4 years$43,477$41,823$40,242$38,730$37,285$31,517
5 years$34,434$32,790$31,229$29,749$28,343$22,855
6 years$28,407$26,775$25,238$23,790$22,427$17,223
7 years$24,104$22,486$20,973$19,559$18,239$13,317
8 years$20,878$19,275$17,787$16,408$15,131$10,487
9 years$18,370$16,782$15,320$13,976$12,743$8,370
10 years$16,365$14,793$13,356$12,047$10,857$6,749
11 years$14,726$13,169$11,758$10,485$9,338$5,485
12 years$13,361$11,820$10,435$9,196$8,092$4,485
13 years$12,207$10,682$9,323$8,119$7,056$3,686
14 years$11,218$9,709$8,377$7,207$6,185$3,041
15 years$10,362$8,870$7,563$6,428$5,446$2,517
16 years$9,614$8,138$6,857$5,755$4,813$2,088
17 years$8,954$7,494$6,240$5,171$4,268$1,737
18 years$8,369$6,925$5,696$4,660$3,795$1,447
19 years$7,846$6,418$5,215$4,211$3,382$1,207
20 years$7,375$5,964$4,786$3,814$3,021$1,008
21 years$6,950$5,555$4,402$3,461$2,704$843
22 years$6,564$5,186$4,057$3,147$2,423$705
23 years$6,212$4,850$3,746$2,866$2,175$591
24 years$5,890$4,544$3,464$2,614$1,955$495
25 years$5,595$4,265$3,209$2,387$1,759$415
26 years$5,322$4,008$2,976$2,183$1,585$348
27 years$5,070$3,772$2,763$1,998$1,429$292
28 years$4,836$3,554$2,569$1,831$1,289$245
29 years$4,619$3,353$2,391$1,679$1,164$205
30 years$4,417$3,167$2,227$1,541$1,052$173
31 years$4,228$2,994$2,076$1,415$951$145
32 years$4,052$2,832$1,937$1,300$860$122
33 years$3,886$2,682$1,808$1,196$779$102
34 years$3,731$2,542$1,690$1,100$705$86
35 years$3,584$2,411$1,580$1,013$638$72
36 years$3,446$2,289$1,478$933$578$61
37 years$3,316$2,174$1,383$859$524$51
38 years$3,193$2,066$1,295$792$475$43
39 years$3,077$1,964$1,214$730$431$36
40 years$2,967$1,869$1,138$674$391$30
41 years$2,862$1,779$1,067$622$355$25
42 years$2,763$1,694$1,001$574$322$21
43 years$2,668$1,614$939$530$292$18
44 years$2,578$1,539$881$489$265$15
45 years$2,493$1,467$827$452$241$13
46 years$2,411$1,400$777$417$219$11
47 years$2,333$1,336$730$385$198$9
48 years$2,258$1,275$686$356$180$7
49 years$2,187$1,218$645$329$164$6
50 years$2,119$1,163$606$304$149$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,170,000, adding $2,244 every year, while hoping to spend $49,138 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: 75/17/8 Blend
50$2,170,000$2,170,000$2,170,000$2,170,000
51$2,393,655$2,278,645$2,245,010$2,570,121
52$2,585,525$2,338,016$2,267,935$2,745,963
53$2,795,319$2,398,649$2,289,982$2,932,137
54$3,024,814$2,460,555$2,311,068$3,134,746
55$3,275,964$2,523,742$2,331,108$3,355,401
56$3,550,925$2,588,217$2,350,012$3,595,875
57$3,852,067$2,653,988$2,367,685$3,858,122
58$4,182,002$2,721,057$2,384,027$4,144,293
59$4,543,607$2,789,430$2,398,933$4,456,759
60$4,940,050$2,859,107$2,412,292$4,798,127
61$5,374,819$2,930,087$2,423,988$5,171,274
62$5,851,757$3,002,368$2,433,898$5,579,363
63$6,375,097$3,075,945$2,441,895$6,025,882
64$6,949,502$3,150,811$2,447,843$6,514,673
65$7,580,106$3,226,956$2,451,601$7,049,966
66$8,272,567$3,304,367$2,453,020$7,636,423
67$9,033,117$3,383,029$2,451,944$8,279,179
68$9,868,620$3,462,923$2,448,210$8,983,891
69$10,786,640$3,544,027$2,441,645$9,756,791
70$11,795,508$3,626,314$2,432,071$10,604,747
71$12,904,402$3,709,756$2,419,297$11,535,324
72$14,123,434$3,794,317$2,403,127$12,556,857
73$15,463,746$3,879,960$2,383,353$13,678,530
74$16,937,610$3,966,640$2,359,757$14,910,462
75$18,558,550$4,054,310$2,332,113$16,263,803
76$20,341,465$4,142,914$2,300,182$17,750,837
77$22,302,771$4,232,393$2,263,714$19,385,101
78$24,460,554$4,322,680$2,222,449$21,181,511
79$26,834,742$4,413,703$2,176,113$23,156,501
80$29,447,292$4,505,382$2,124,419$25,328,182
81$32,322,398$4,597,627$2,067,069$27,716,509
82$35,486,717$4,690,345$2,003,750$30,343,471
83$38,969,620$4,783,430$1,934,134$33,233,300
84$42,803,471$4,876,768$1,857,878$36,412,696
85$47,023,933$4,970,237$1,774,624$39,911,081
86$51,670,299$5,063,704$1,683,998$43,760,878
87$56,785,866$5,157,022$1,585,609$47,997,815
88$62,418,345$5,250,037$1,479,048$52,661,263
89$68,620,308$5,342,580$1,363,887$57,794,606
90$75,449,682$5,434,469$1,239,680$63,445,655
91$82,970,300$5,525,509$1,105,960$69,667,094
92$91,252,501$5,615,489$962,240$76,516,979
93$100,373,792$5,704,184$808,012$84,059,290
94$110,419,582$5,791,352$642,743$92,364,529
95$121,483,983$5,876,732$465,878$101,510,390
96$133,670,704$5,960,046$276,840$111,582,489
97$147,094,024$6,040,997$75,022$122,675,177
98$161,879,873$6,119,264$0$134,892,426
99$178,167,020$6,194,508$0$148,360,794
100$196,108,381$6,266,364$0$163,202,177