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%18.3%
1 years$180,022$178,419$176,854$175,327$173,836$168,003
2 years$89,120$87,460$85,852$84,292$82,779$76,960
3 years$58,823$57,156$55,552$54,007$52,519$46,896
4 years$43,678$42,016$40,427$38,909$37,457$32,073
5 years$34,593$32,941$31,373$29,886$28,474$23,345
6 years$28,538$26,899$25,354$23,900$22,530$17,659
7 years$24,215$22,590$21,070$19,649$18,323$13,709
8 years$20,974$19,363$17,869$16,483$15,201$10,841
9 years$18,455$16,859$15,390$14,040$12,801$8,690
10 years$16,441$14,861$13,418$12,103$10,907$7,038
11 years$14,794$13,230$11,813$10,533$9,381$5,746
12 years$13,422$11,874$10,483$9,239$8,129$4,720
13 years$12,263$10,731$9,366$8,157$7,089$3,898
14 years$11,270$9,754$8,416$7,240$6,214$3,231
15 years$10,410$8,910$7,598$6,457$5,471$2,688
16 years$9,658$8,175$6,889$5,782$4,836$2,242
17 years$8,996$7,529$6,269$5,195$4,288$1,874
18 years$8,407$6,957$5,722$4,682$3,812$1,569
19 years$7,882$6,448$5,239$4,230$3,398$1,316
20 years$7,409$5,992$4,808$3,831$3,035$1,105
21 years$6,982$5,581$4,422$3,477$2,716$929
22 years$6,594$5,210$4,076$3,162$2,435$782
23 years$6,241$4,872$3,763$2,879$2,185$658
24 years$5,918$4,565$3,480$2,626$1,964$554
25 years$5,620$4,284$3,223$2,398$1,768$467
26 years$5,347$4,026$2,990$2,193$1,592$394
27 years$5,093$3,789$2,776$2,007$1,435$333
28 years$4,859$3,571$2,581$1,839$1,295$281
29 years$4,641$3,369$2,402$1,686$1,170$237
30 years$4,438$3,181$2,237$1,548$1,057$200
31 years$4,248$3,007$2,086$1,421$955$169
32 years$4,070$2,846$1,946$1,306$864$143
33 years$3,904$2,695$1,817$1,201$782$120
34 years$3,748$2,554$1,698$1,105$708$102
35 years$3,601$2,422$1,587$1,017$641$86
36 years$3,462$2,299$1,485$937$581$73
37 years$3,332$2,184$1,390$863$527$61
38 years$3,208$2,075$1,301$796$478$52
39 years$3,091$1,973$1,219$734$433$44
40 years$2,980$1,878$1,143$677$393$37
41 years$2,875$1,787$1,072$624$356$31
42 years$2,775$1,702$1,005$576$323$26
43 years$2,681$1,622$943$532$293$22
44 years$2,590$1,546$885$491$266$19
45 years$2,504$1,474$831$454$242$16
46 years$2,422$1,406$781$419$220$14
47 years$2,344$1,342$734$387$199$11
48 years$2,269$1,281$689$358$181$10
49 years$2,197$1,223$648$331$164$8
50 years$2,128$1,169$609$306$149$7

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 $2,591 every year, while hoping to spend $29,920 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: 57/23/20 Blend
50$2,180,000$2,180,000$2,180,000$2,180,000
51$2,405,033$2,289,493$2,255,703$2,529,133
52$2,618,511$2,369,843$2,299,434$2,694,280
53$2,852,762$2,453,128$2,343,628$2,870,727
54$3,109,872$2,539,459$2,388,267$3,062,363
55$3,392,140$2,628,954$2,433,335$3,270,656
56$3,702,099$2,721,734$2,478,813$3,497,223
57$4,042,539$2,817,924$2,524,679$3,743,841
58$4,416,532$2,917,657$2,570,910$4,012,469
59$4,827,465$3,021,068$2,617,482$4,305,261
60$5,279,067$3,128,301$2,664,368$4,624,588
61$5,775,447$3,239,503$2,711,540$4,973,062
62$6,321,132$3,354,829$2,758,966$5,353,558
63$6,921,110$3,474,438$2,806,614$5,769,239
64$7,580,875$3,598,497$2,854,447$6,223,590
65$8,306,481$3,727,180$2,902,428$6,720,448
66$9,104,598$3,860,668$2,950,515$7,264,038
67$9,982,575$3,999,149$2,998,666$7,859,012
68$10,948,509$4,142,819$3,046,832$8,510,494
69$12,011,322$4,291,881$3,094,965$9,224,128
70$13,180,842$4,446,548$3,143,012$10,006,128
71$14,467,900$4,607,042$3,190,916$10,863,338
72$15,884,431$4,773,592$3,238,616$11,803,298
73$17,443,583$4,946,439$3,286,050$12,834,314
74$19,159,846$5,125,831$3,333,150$13,965,531
75$21,049,183$5,312,030$3,379,844$15,207,026
76$23,129,187$5,505,306$3,426,055$16,569,898
77$25,419,239$5,705,942$3,471,704$18,066,376
78$27,940,700$5,914,231$3,516,704$19,709,927
79$30,717,104$6,130,481$3,560,966$21,515,392
80$33,774,384$6,355,010$3,604,394$23,499,117
81$37,141,117$6,588,151$3,646,887$25,679,112
82$40,848,791$6,830,251$3,688,338$28,075,217
83$44,932,106$7,081,671$3,728,635$30,709,294
84$49,429,296$7,342,789$3,767,660$33,605,425
85$54,382,495$7,613,995$3,805,287$36,790,144
86$59,838,128$7,895,701$3,841,383$40,292,687
87$65,847,358$8,188,331$3,875,810$44,145,262
88$72,466,561$8,492,331$3,908,422$48,383,361
89$79,757,859$8,808,164$3,939,063$53,046,085
90$87,789,711$9,136,314$3,967,572$58,176,518
91$96,637,552$9,477,285$3,993,777$63,822,132
92$106,384,512$9,831,601$4,017,498$70,035,232
93$117,122,195$10,199,813$4,038,547$76,873,454
94$128,951,546$10,582,490$4,056,724$84,400,300
95$141,983,801$10,980,229$4,071,822$92,685,744
96$156,341,540$11,393,652$4,083,620$101,806,890
97$172,159,844$11,823,408$4,091,888$111,848,694
98$189,587,566$12,270,173$4,096,384$122,904,772
99$208,788,739$12,734,653$4,096,854$135,078,277
100$229,944,124$13,217,584$4,093,033$148,482,875