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%13.5%
1 years$179,197$177,600$176,043$174,523$173,039$170,523
2 years$88,711$87,059$85,458$83,905$82,399$79,870
3 years$58,553$56,894$55,297$53,759$52,278$49,814
4 years$43,477$41,823$40,242$38,730$37,285$34,905
5 years$34,434$32,790$31,229$29,749$28,343$26,054
6 years$28,407$26,775$25,238$23,790$22,427$20,232
7 years$24,104$22,486$20,973$19,559$18,239$16,138
8 years$20,878$19,275$17,787$16,408$15,131$13,125
9 years$18,370$16,782$15,320$13,976$12,743$10,829
10 years$16,365$14,793$13,356$12,047$10,857$9,036
11 years$14,726$13,169$11,758$10,485$9,338$7,606
12 years$13,361$11,820$10,435$9,196$8,092$6,448
13 years$12,207$10,682$9,323$8,119$7,056$5,498
14 years$11,218$9,709$8,377$7,207$6,185$4,710
15 years$10,362$8,870$7,563$6,428$5,446$4,051
16 years$9,614$8,138$6,857$5,755$4,813$3,496
17 years$8,954$7,494$6,240$5,171$4,268$3,026
18 years$8,369$6,925$5,696$4,660$3,795$2,625
19 years$7,846$6,418$5,215$4,211$3,382$2,282
20 years$7,375$5,964$4,786$3,814$3,021$1,987
21 years$6,950$5,555$4,402$3,461$2,704$1,733
22 years$6,564$5,186$4,057$3,147$2,423$1,513
23 years$6,212$4,850$3,746$2,866$2,175$1,323
24 years$5,890$4,544$3,464$2,614$1,955$1,158
25 years$5,595$4,265$3,209$2,387$1,759$1,014
26 years$5,322$4,008$2,976$2,183$1,585$889
27 years$5,070$3,772$2,763$1,998$1,429$779
28 years$4,836$3,554$2,569$1,831$1,289$684
29 years$4,619$3,353$2,391$1,679$1,164$600
30 years$4,417$3,167$2,227$1,541$1,052$527
31 years$4,228$2,994$2,076$1,415$951$463
32 years$4,052$2,832$1,937$1,300$860$407
33 years$3,886$2,682$1,808$1,196$779$358
34 years$3,731$2,542$1,690$1,100$705$315
35 years$3,584$2,411$1,580$1,013$638$277
36 years$3,446$2,289$1,478$933$578$244
37 years$3,316$2,174$1,383$859$524$214
38 years$3,193$2,066$1,295$792$475$189
39 years$3,077$1,964$1,214$730$431$166
40 years$2,967$1,869$1,138$674$391$146
41 years$2,862$1,779$1,067$622$355$129
42 years$2,763$1,694$1,001$574$322$113
43 years$2,668$1,614$939$530$292$100
44 years$2,578$1,539$881$489$265$88
45 years$2,493$1,467$827$452$241$77
46 years$2,411$1,400$777$417$219$68
47 years$2,333$1,336$730$385$198$60
48 years$2,258$1,275$686$356$180$53
49 years$2,187$1,218$645$329$164$47
50 years$2,119$1,163$606$304$149$41

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 $4,435 every year, while hoping to spend $55,002 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: 74/6/20 Blend
50$2,170,000$2,170,000$2,170,000$2,170,000
51$2,395,915$2,280,905$2,247,270$2,561,502
52$2,581,776$2,334,147$2,264,032$2,725,255
53$2,784,752$2,388,155$2,279,511$2,897,534
54$3,006,530$2,442,908$2,293,608$3,084,911
55$3,248,969$2,498,383$2,306,216$3,288,879
56$3,514,112$2,554,552$2,317,223$3,511,081
57$3,804,213$2,611,387$2,326,512$3,753,328
58$4,121,752$2,668,855$2,333,960$4,017,614
59$4,469,460$2,726,917$2,339,436$4,306,138
60$4,850,343$2,785,534$2,342,805$4,621,321
61$5,267,714$2,844,661$2,343,925$4,965,833
62$5,725,220$2,904,249$2,342,646$5,342,613
63$6,226,877$2,964,242$2,338,809$5,754,902
64$6,777,111$3,024,582$2,332,252$6,206,269
65$7,380,794$3,085,204$2,322,800$6,700,650
66$8,043,293$3,146,038$2,310,272$7,242,379
67$8,770,522$3,207,007$2,294,479$7,836,235
68$9,568,993$3,268,028$2,275,222$8,487,482
69$10,445,880$3,329,011$2,252,291$9,201,922
70$11,409,086$3,389,859$2,225,470$9,985,949
71$12,467,318$3,450,467$2,194,528$10,846,609
72$13,630,166$3,510,721$2,159,226$11,791,667
73$14,908,197$3,570,501$2,119,314$12,829,681
74$16,313,051$3,629,673$2,074,530$13,970,079
75$17,857,554$3,688,099$2,024,598$15,223,257
76$19,555,833$3,745,625$1,969,231$16,600,667
77$21,423,457$3,802,089$1,908,129$18,114,931
78$23,477,576$3,857,317$1,840,977$19,779,960
79$25,737,085$3,911,123$1,767,446$21,611,084
80$28,222,806$3,963,306$1,687,194$23,625,198
81$30,957,678$4,013,653$1,599,860$25,840,922
82$33,966,974$4,061,935$1,505,069$28,278,775
83$37,278,545$4,107,910$1,402,428$30,961,370
84$40,923,075$4,151,315$1,291,528$33,913,631
85$44,934,373$4,191,875$1,171,939$37,163,021
86$49,349,694$4,229,291$1,043,214$40,739,811
87$54,210,086$4,263,250$904,885$44,677,359
88$59,560,780$4,293,414$756,463$49,012,428
89$65,451,615$4,319,427$597,440$53,785,532
90$71,937,507$4,340,906$427,282$59,041,321
91$79,078,970$4,357,447$245,433$64,829,004
92$86,942,683$4,368,620$51,312$71,202,809
93$95,602,120$4,373,967$0$78,222,501
94$105,138,246$4,373,001$0$85,987,199
95$115,640,275$4,365,206$0$94,550,078
96$127,206,516$4,350,033$0$103,980,311
97$139,945,298$4,326,902$0$114,366,199
98$153,975,992$4,295,194$0$125,805,049
99$169,430,140$4,254,256$0$138,404,088
100$186,452,692$4,203,392$0$152,281,474