Can I retire at age 51 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$180,022$178,419$176,854$175,327$173,836$168,204
2 years$89,120$87,460$85,852$84,292$82,779$77,158
3 years$58,823$57,156$55,552$54,007$52,519$47,084
4 years$43,678$42,016$40,427$38,909$37,457$32,251
5 years$34,593$32,941$31,373$29,886$28,474$23,511
6 years$28,538$26,899$25,354$23,900$22,530$17,815
7 years$24,215$22,590$21,070$19,649$18,323$13,854
8 years$20,974$19,363$17,869$16,483$15,201$10,974
9 years$18,455$16,859$15,390$14,040$12,801$8,813
10 years$16,441$14,861$13,418$12,103$10,907$7,151
11 years$14,794$13,230$11,813$10,533$9,381$5,850
12 years$13,422$11,874$10,483$9,239$8,129$4,815
13 years$12,263$10,731$9,366$8,157$7,089$3,984
14 years$11,270$9,754$8,416$7,240$6,214$3,310
15 years$10,410$8,910$7,598$6,457$5,471$2,759
16 years$9,658$8,175$6,889$5,782$4,836$2,306
17 years$8,996$7,529$6,269$5,195$4,288$1,932
18 years$8,407$6,957$5,722$4,682$3,812$1,621
19 years$7,882$6,448$5,239$4,230$3,398$1,363
20 years$7,409$5,992$4,808$3,831$3,035$1,147
21 years$6,982$5,581$4,422$3,477$2,716$967
22 years$6,594$5,210$4,076$3,162$2,435$815
23 years$6,241$4,872$3,763$2,879$2,185$688
24 years$5,918$4,565$3,480$2,626$1,964$581
25 years$5,620$4,284$3,223$2,398$1,768$491
26 years$5,347$4,026$2,990$2,193$1,592$415
27 years$5,093$3,789$2,776$2,007$1,435$351
28 years$4,859$3,571$2,581$1,839$1,295$297
29 years$4,641$3,369$2,402$1,686$1,170$251
30 years$4,438$3,181$2,237$1,548$1,057$213
31 years$4,248$3,007$2,086$1,421$955$180
32 years$4,070$2,846$1,946$1,306$864$152
33 years$3,904$2,695$1,817$1,201$782$129
34 years$3,748$2,554$1,698$1,105$708$109
35 years$3,601$2,422$1,587$1,017$641$93
36 years$3,462$2,299$1,485$937$581$78
37 years$3,332$2,184$1,390$863$527$66
38 years$3,208$2,075$1,301$796$478$56
39 years$3,091$1,973$1,219$734$433$48
40 years$2,980$1,878$1,143$677$393$40
41 years$2,875$1,787$1,072$624$356$34
42 years$2,775$1,702$1,005$576$323$29
43 years$2,681$1,622$943$532$293$25
44 years$2,590$1,546$885$491$266$21
45 years$2,504$1,474$831$454$242$18
46 years$2,422$1,406$781$419$220$15
47 years$2,344$1,342$734$387$199$13
48 years$2,269$1,281$689$358$181$11
49 years$2,197$1,223$648$331$164$9
50 years$2,128$1,169$609$306$149$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,180,000, adding $5,211 every year, while hoping to spend $56,272 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: 63/8/29 Blend
50$2,180,000$2,180,000$2,180,000$2,180,000
51$2,407,735$2,292,195$2,258,405$2,540,414
52$2,593,451$2,344,640$2,274,189$2,683,564
53$2,796,224$2,397,768$2,288,615$2,833,270
54$3,017,735$2,451,554$2,301,579$2,995,607
55$3,259,833$2,505,969$2,312,971$3,171,823
56$3,524,555$2,560,981$2,322,675$3,363,295
57$3,814,143$2,616,553$2,330,568$3,571,540
58$4,131,067$2,672,646$2,336,524$3,798,232
59$4,478,046$2,729,215$2,340,407$4,045,214
60$4,858,073$2,786,213$2,342,077$4,314,518
61$5,274,446$2,843,587$2,341,387$4,608,385
62$5,730,796$2,901,279$2,338,179$4,929,285
63$6,231,121$2,959,226$2,332,293$5,279,940
64$6,779,827$3,017,360$2,323,556$5,663,351
65$7,381,765$3,075,606$2,311,791$6,082,827
66$8,042,278$3,133,883$2,296,808$6,542,015
67$8,767,251$3,192,105$2,278,413$7,044,934
68$9,563,169$3,250,176$2,256,398$7,596,017
69$10,437,173$3,307,995$2,230,547$8,200,149
70$11,397,129$3,365,452$2,200,636$8,862,714
71$12,451,706$3,422,428$2,166,426$9,589,649
72$13,610,449$3,478,796$2,127,670$10,387,498
73$14,883,877$3,534,419$2,084,109$11,263,473
74$16,283,577$3,589,151$2,035,472$12,225,526
75$17,822,316$3,642,833$1,981,474$13,282,422
76$19,514,156$3,695,296$1,921,818$14,443,823
77$21,374,595$3,746,360$1,856,193$15,720,376
78$23,420,703$3,795,831$1,784,275$17,123,823
79$25,671,290$3,843,502$1,705,723$18,667,102
80$28,147,079$3,889,152$1,620,183$20,364,476
81$30,870,905$3,932,544$1,527,283$22,231,667
82$33,867,925$3,973,426$1,426,634$24,286,004
83$37,165,858$4,011,529$1,317,832$26,546,588
84$40,795,248$4,046,566$1,200,452$29,034,472
85$44,789,748$4,078,233$1,074,051$31,772,864
86$49,186,438$4,106,202$938,168$34,787,340
87$54,026,177$4,130,128$792,319$38,106,093
88$59,353,986$4,149,643$636,000$41,760,199
89$65,219,470$4,164,353$468,684$45,783,906
90$71,677,293$4,173,843$289,821$50,214,965
91$78,787,684$4,177,669$98,838$55,094,984
92$86,617,014$4,175,361$0$60,469,820
93$95,238,414$4,166,418$0$66,422,501
94$104,732,471$4,150,311$0$73,011,001
95$115,187,983$4,126,477$0$80,266,305
96$126,702,801$4,094,317$0$88,256,297
97$139,384,748$4,053,200$0$97,055,777
98$153,352,638$4,002,454$0$106,747,177
99$168,737,399$3,941,366$0$117,421,332
100$185,683,304$3,869,182$0$129,178,341