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%17.1%
1 years$180,022$178,419$176,854$175,327$173,836$168,813
2 years$89,120$87,460$85,852$84,292$82,779$77,758
3 years$58,823$57,156$55,552$54,007$52,519$47,657
4 years$43,678$42,016$40,427$38,909$37,457$32,792
5 years$34,593$32,941$31,373$29,886$28,474$24,019
6 years$28,538$26,899$25,354$23,900$22,530$18,289
7 years$24,215$22,590$21,070$19,649$18,323$14,296
8 years$20,974$19,363$17,869$16,483$15,201$11,385
9 years$18,455$16,859$15,390$14,040$12,801$9,193
10 years$16,441$14,861$13,418$12,103$10,907$7,502
11 years$14,794$13,230$11,813$10,533$9,381$6,172
12 years$13,422$11,874$10,483$9,239$8,129$5,111
13 years$12,263$10,731$9,366$8,157$7,089$4,255
14 years$11,270$9,754$8,416$7,240$6,214$3,557
15 years$10,410$8,910$7,598$6,457$5,471$2,984
16 years$9,658$8,175$6,889$5,782$4,836$2,510
17 years$8,996$7,529$6,269$5,195$4,288$2,117
18 years$8,407$6,957$5,722$4,682$3,812$1,788
19 years$7,882$6,448$5,239$4,230$3,398$1,514
20 years$7,409$5,992$4,808$3,831$3,035$1,283
21 years$6,982$5,581$4,422$3,477$2,716$1,088
22 years$6,594$5,210$4,076$3,162$2,435$924
23 years$6,241$4,872$3,763$2,879$2,185$786
24 years$5,918$4,565$3,480$2,626$1,964$668
25 years$5,620$4,284$3,223$2,398$1,768$569
26 years$5,347$4,026$2,990$2,193$1,592$484
27 years$5,093$3,789$2,776$2,007$1,435$413
28 years$4,859$3,571$2,581$1,839$1,295$352
29 years$4,641$3,369$2,402$1,686$1,170$300
30 years$4,438$3,181$2,237$1,548$1,057$256
31 years$4,248$3,007$2,086$1,421$955$218
32 years$4,070$2,846$1,946$1,306$864$186
33 years$3,904$2,695$1,817$1,201$782$159
34 years$3,748$2,554$1,698$1,105$708$135
35 years$3,601$2,422$1,587$1,017$641$116
36 years$3,462$2,299$1,485$937$581$99
37 years$3,332$2,184$1,390$863$527$84
38 years$3,208$2,075$1,301$796$478$72
39 years$3,091$1,973$1,219$734$433$61
40 years$2,980$1,878$1,143$677$393$52
41 years$2,875$1,787$1,072$624$356$45
42 years$2,775$1,702$1,005$576$323$38
43 years$2,681$1,622$943$532$293$33
44 years$2,590$1,546$885$491$266$28
45 years$2,504$1,474$831$454$242$24
46 years$2,422$1,406$781$419$220$20
47 years$2,344$1,342$734$387$199$17
48 years$2,269$1,281$689$358$181$15
49 years$2,197$1,223$648$331$164$13
50 years$2,128$1,169$609$306$149$11

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 $3,332 every year, while hoping to spend $51,360 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: 63/9/28 Blend
50$2,180,000$2,180,000$2,180,000$2,180,000
51$2,405,797$2,290,257$2,256,467$2,539,180
52$2,596,542$2,347,833$2,277,412$2,687,637
53$2,805,021$2,406,509$2,297,337$2,843,815
54$3,032,989$2,466,284$2,316,154$3,013,312
55$3,282,379$2,527,157$2,333,770$3,197,441
56$3,555,317$2,589,123$2,350,087$3,397,651
57$3,854,147$2,652,177$2,365,002$3,615,537
58$4,181,447$2,716,311$2,378,407$3,852,859
59$4,540,058$2,781,513$2,390,187$4,111,555
60$4,933,108$2,847,772$2,400,223$4,393,760
61$5,364,044$2,915,071$2,408,389$4,701,831
62$5,836,659$2,983,393$2,414,553$5,038,360
63$6,355,134$3,052,715$2,418,576$5,406,209
64$6,924,072$3,123,012$2,420,312$5,808,528
65$7,548,544$3,194,257$2,419,610$6,248,792
66$8,234,136$3,266,416$2,416,307$6,730,829
67$8,987,002$3,339,454$2,410,237$7,258,860
68$9,813,918$3,413,329$2,401,223$7,837,535
69$10,722,353$3,487,998$2,389,079$8,471,980
70$11,720,532$3,563,408$2,373,611$9,167,847
71$12,817,516$3,639,505$2,354,618$9,931,362
72$14,023,290$3,716,228$2,331,885$10,769,390
73$15,348,852$3,793,510$2,305,189$11,689,496
74$16,806,320$3,871,277$2,274,298$12,700,018
75$18,409,044$3,949,449$2,238,966$13,810,146
76$20,171,732$4,027,938$2,198,938$15,030,012
77$22,110,592$4,106,650$2,153,945$16,370,778
78$24,243,477$4,185,481$2,103,707$17,844,751
79$26,590,062$4,264,319$2,047,931$19,465,495
80$29,172,021$4,343,043$1,986,309$21,247,956
81$32,013,237$4,421,523$1,918,521$23,208,612
82$35,140,027$4,499,617$1,844,231$25,365,622
83$38,581,384$4,577,172$1,763,087$27,739,000
84$42,369,257$4,654,026$1,674,723$30,350,805
85$46,538,850$4,730,002$1,578,754$33,225,351
86$51,128,951$4,804,910$1,474,781$36,389,432
87$56,182,301$4,878,548$1,362,383$39,872,583
88$61,745,996$4,950,697$1,241,123$43,707,353
89$67,871,930$5,021,124$1,110,543$47,929,616
90$74,617,287$5,089,578$970,167$52,578,912
91$82,045,076$5,155,794$819,493$57,698,815
92$90,224,730$5,219,484$658,002$63,337,352
93$99,232,757$5,280,343$485,150$69,547,455
94$109,153,464$5,338,045$300,368$76,387,460
95$120,079,749$5,392,242$103,063$83,921,658
96$132,113,984$5,442,562$0$92,220,907
97$145,368,974$5,488,611$0$101,395,416
98$159,969,021$5,529,965$0$111,534,081
99$176,051,105$5,566,177$0$122,701,132
100$193,766,167$5,596,769$0$135,001,316