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

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$179,197$177,600$176,043$174,523$173,039$170,102
2 years$88,711$87,059$85,458$83,905$82,399$79,450
3 years$58,553$56,894$55,297$53,759$52,278$49,407
4 years$43,477$41,823$40,242$38,730$37,285$34,515
5 years$34,434$32,790$31,229$29,749$28,343$25,683
6 years$28,407$26,775$25,238$23,790$22,427$19,878
7 years$24,104$22,486$20,973$19,559$18,239$15,803
8 years$20,878$19,275$17,787$16,408$15,131$12,808
9 years$18,370$16,782$15,320$13,976$12,743$10,530
10 years$16,365$14,793$13,356$12,047$10,857$8,754
11 years$14,726$13,169$11,758$10,485$9,338$7,341
12 years$13,361$11,820$10,435$9,196$8,092$6,199
13 years$12,207$10,682$9,323$8,119$7,056$5,265
14 years$11,218$9,709$8,377$7,207$6,185$4,493
15 years$10,362$8,870$7,563$6,428$5,446$3,848
16 years$9,614$8,138$6,857$5,755$4,813$3,307
17 years$8,954$7,494$6,240$5,171$4,268$2,850
18 years$8,369$6,925$5,696$4,660$3,795$2,462
19 years$7,846$6,418$5,215$4,211$3,382$2,130
20 years$7,375$5,964$4,786$3,814$3,021$1,847
21 years$6,950$5,555$4,402$3,461$2,704$1,603
22 years$6,564$5,186$4,057$3,147$2,423$1,394
23 years$6,212$4,850$3,746$2,866$2,175$1,213
24 years$5,890$4,544$3,464$2,614$1,955$1,056
25 years$5,595$4,265$3,209$2,387$1,759$921
26 years$5,322$4,008$2,976$2,183$1,585$803
27 years$5,070$3,772$2,763$1,998$1,429$701
28 years$4,836$3,554$2,569$1,831$1,289$612
29 years$4,619$3,353$2,391$1,679$1,164$535
30 years$4,417$3,167$2,227$1,541$1,052$467
31 years$4,228$2,994$2,076$1,415$951$409
32 years$4,052$2,832$1,937$1,300$860$357
33 years$3,886$2,682$1,808$1,196$779$313
34 years$3,731$2,542$1,690$1,100$705$274
35 years$3,584$2,411$1,580$1,013$638$239
36 years$3,446$2,289$1,478$933$578$210
37 years$3,316$2,174$1,383$859$524$184
38 years$3,193$2,066$1,295$792$475$161
39 years$3,077$1,964$1,214$730$431$141
40 years$2,967$1,869$1,138$674$391$123
41 years$2,862$1,779$1,067$622$355$108
42 years$2,763$1,694$1,001$574$322$95
43 years$2,668$1,614$939$530$292$83
44 years$2,578$1,539$881$489$265$73
45 years$2,493$1,467$827$452$241$64
46 years$2,411$1,400$777$417$219$56
47 years$2,333$1,336$730$385$198$49
48 years$2,258$1,275$686$356$180$43
49 years$2,187$1,218$645$329$164$37
50 years$2,119$1,163$606$304$149$33

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 $4,914 every year, while hoping to spend $47,144 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: 49/28/23 Blend
50$2,170,000$2,170,000$2,170,000$2,170,000
51$2,396,409$2,281,399$2,247,764$2,498,048
52$2,590,682$2,343,026$2,272,903$2,630,972
53$2,803,190$2,406,094$2,297,304$2,770,160
54$3,035,745$2,470,622$2,320,893$2,920,411
55$3,290,339$2,536,630$2,343,591$3,082,791
56$3,569,167$2,604,139$2,365,316$3,258,469
57$3,874,648$2,673,167$2,385,979$3,448,736
58$4,209,442$2,743,732$2,405,489$3,655,015
59$4,576,482$2,815,852$2,423,750$3,878,868
60$4,978,996$2,889,542$2,440,659$4,122,022
61$5,420,543$2,964,819$2,456,110$4,386,376
62$5,905,038$3,041,695$2,469,989$4,674,022
63$6,436,797$3,120,183$2,482,179$4,987,266
64$7,020,573$3,200,294$2,492,555$5,328,649
65$7,661,602$3,282,039$2,500,986$5,700,969
66$8,365,651$3,365,425$2,507,334$6,107,312
67$9,139,074$3,450,457$2,511,456$6,551,074
68$9,988,869$3,537,140$2,513,201$7,036,002
69$10,922,749$3,625,475$2,512,408$7,566,221
70$11,949,208$3,715,461$2,508,912$8,146,279
71$13,077,603$3,807,095$2,502,537$8,781,187
72$14,318,247$3,900,371$2,493,100$9,476,467
73$15,682,499$3,995,280$2,480,409$10,238,205
74$17,182,874$4,091,808$2,464,263$11,073,108
75$18,833,160$4,189,940$2,444,449$11,988,566
76$20,648,552$4,289,656$2,420,747$12,992,726
77$22,645,787$4,390,933$2,392,925$14,094,564
78$24,843,309$4,493,740$2,360,741$15,303,974
79$27,261,440$4,598,047$2,323,939$16,631,858
80$29,922,570$4,703,814$2,282,253$18,090,232
81$32,851,369$4,810,998$2,235,406$19,692,340
82$36,075,022$4,919,550$2,183,105$21,452,778
83$39,623,481$5,029,415$2,125,046$23,387,629
84$43,529,751$5,140,531$2,060,910$25,514,623
85$47,830,197$5,252,828$1,990,362$27,853,297
86$52,564,891$5,366,231$1,913,053$30,425,183
87$57,777,989$5,480,656$1,828,619$33,254,014
88$63,518,144$5,596,008$1,736,679$36,365,944
89$69,838,970$5,712,187$1,636,832$39,789,798
90$76,799,542$5,829,081$1,528,663$43,557,344
91$84,464,957$5,946,569$1,411,736$47,703,596
92$92,906,949$6,064,517$1,285,595$52,267,141
93$102,204,561$6,182,781$1,149,765$57,290,504
94$112,444,894$6,301,205$1,003,750$62,820,556
95$123,723,928$6,419,619$847,030$68,908,952
96$136,147,427$6,537,839$679,065$75,612,619
97$149,831,939$6,655,667$499,287$82,994,297
98$164,905,891$6,772,890$307,108$91,123,134
99$181,510,806$6,889,275$101,910$100,075,335
100$199,802,635$7,004,576$0$109,934,883