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

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$180,022$178,419$176,854$175,327$173,836$170,466
2 years$89,120$87,460$85,852$84,292$82,779$79,397
3 years$58,823$57,156$55,552$54,007$52,519$49,230
4 years$43,678$42,016$40,427$38,909$37,457$34,288
5 years$34,593$32,941$31,373$29,886$28,474$25,433
6 years$28,538$26,899$25,354$23,900$22,530$19,622
7 years$24,215$22,590$21,070$19,649$18,323$15,547
8 years$20,974$19,363$17,869$16,483$15,201$12,556
9 years$18,455$16,859$15,390$14,040$12,801$10,286
10 years$16,441$14,861$13,418$12,103$10,907$8,520
11 years$14,794$13,230$11,813$10,533$9,381$7,118
12 years$13,422$11,874$10,483$9,239$8,129$5,987
13 years$12,263$10,731$9,366$8,157$7,089$5,065
14 years$11,270$9,754$8,416$7,240$6,214$4,304
15 years$10,410$8,910$7,598$6,457$5,471$3,672
16 years$9,658$8,175$6,889$5,782$4,836$3,142
17 years$8,996$7,529$6,269$5,195$4,288$2,696
18 years$8,407$6,957$5,722$4,682$3,812$2,319
19 years$7,882$6,448$5,239$4,230$3,398$1,998
20 years$7,409$5,992$4,808$3,831$3,035$1,724
21 years$6,982$5,581$4,422$3,477$2,716$1,490
22 years$6,594$5,210$4,076$3,162$2,435$1,289
23 years$6,241$4,872$3,763$2,879$2,185$1,117
24 years$5,918$4,565$3,480$2,626$1,964$968
25 years$5,620$4,284$3,223$2,398$1,768$840
26 years$5,347$4,026$2,990$2,193$1,592$729
27 years$5,093$3,789$2,776$2,007$1,435$633
28 years$4,859$3,571$2,581$1,839$1,295$550
29 years$4,641$3,369$2,402$1,686$1,170$478
30 years$4,438$3,181$2,237$1,548$1,057$416
31 years$4,248$3,007$2,086$1,421$955$362
32 years$4,070$2,846$1,946$1,306$864$315
33 years$3,904$2,695$1,817$1,201$782$274
34 years$3,748$2,554$1,698$1,105$708$239
35 years$3,601$2,422$1,587$1,017$641$208
36 years$3,462$2,299$1,485$937$581$181
37 years$3,332$2,184$1,390$863$527$158
38 years$3,208$2,075$1,301$796$478$137
39 years$3,091$1,973$1,219$734$433$120
40 years$2,980$1,878$1,143$677$393$104
41 years$2,875$1,787$1,072$624$356$91
42 years$2,775$1,702$1,005$576$323$79
43 years$2,681$1,622$943$532$293$69
44 years$2,590$1,546$885$491$266$60
45 years$2,504$1,474$831$454$242$52
46 years$2,422$1,406$781$419$220$46
47 years$2,344$1,342$734$387$199$40
48 years$2,269$1,281$689$358$181$35
49 years$2,197$1,223$648$331$164$30
50 years$2,128$1,169$609$306$149$26

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 $5,751 every year, while hoping to spend $54,611 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: 43/39/18 Blend
50$2,180,000$2,180,000$2,180,000$2,180,000
51$2,408,292$2,292,752$2,258,962$2,499,007
52$2,595,832$2,346,991$2,276,532$2,617,751
53$2,800,671$2,402,058$2,292,860$2,740,508
54$3,024,516$2,457,935$2,307,846$2,872,357
55$3,269,245$2,514,602$2,321,388$3,014,161
56$3,536,927$2,572,037$2,333,374$3,166,871
57$3,829,842$2,630,215$2,343,690$3,331,534
58$4,150,496$2,689,106$2,352,214$3,509,306
59$4,501,652$2,748,678$2,358,818$3,701,457
60$4,886,352$2,808,894$2,363,370$3,909,390
61$5,307,946$2,869,716$2,365,729$4,134,649
62$5,770,123$2,931,098$2,365,747$4,378,939
63$6,276,945$2,992,992$2,363,270$4,644,135
64$6,832,889$3,055,344$2,358,135$4,932,306
65$7,442,884$3,118,097$2,350,173$5,245,733
66$8,112,360$3,181,184$2,339,205$5,586,928
67$8,847,296$3,244,538$2,325,043$5,958,664
68$9,654,281$3,308,081$2,307,493$6,363,995
69$10,540,572$3,371,731$2,286,349$6,806,287
70$11,514,164$3,435,400$2,261,395$7,289,252
71$12,583,863$3,498,989$2,232,407$7,816,983
72$13,759,373$3,562,395$2,199,148$8,393,990
73$15,051,381$3,625,504$2,161,371$9,025,247
74$16,471,663$3,688,195$2,118,818$9,716,236
75$18,033,193$3,750,337$2,071,219$10,473,000
76$19,750,263$3,811,789$2,018,289$11,302,203
77$21,638,622$3,872,398$1,959,734$12,211,189
78$23,715,619$3,932,003$1,895,243$13,208,057
79$26,000,370$3,990,430$1,824,492$14,301,733
80$28,513,938$4,047,490$1,747,142$15,502,058
81$31,279,527$4,102,985$1,662,839$16,819,882
82$34,322,707$4,156,700$1,571,212$18,267,164
83$37,671,651$4,208,406$1,471,875$19,857,088
84$41,357,400$4,257,858$1,364,424$21,604,190
85$45,414,157$4,304,796$1,248,434$23,524,491
86$49,879,610$4,348,940$1,123,466$25,635,654
87$54,795,286$4,389,993$989,057$27,957,149
88$60,206,940$4,427,638$844,726$30,510,441
89$66,164,994$4,461,538$689,970$33,319,190
90$72,725,003$4,491,333$524,264$36,409,476
91$79,948,184$4,516,640$347,058$39,810,051
92$87,901,996$4,537,051$157,781$43,552,607
93$96,660,767$4,552,135$0$47,672,078
94$106,306,405$4,561,429$0$52,215,463
95$116,929,165$4,564,446$0$57,249,610
96$128,628,501$4,560,665$0$62,791,098
97$141,514,005$4,549,534$0$68,891,631
98$155,706,440$4,530,468$0$75,608,193
99$171,338,881$4,502,845$0$83,003,588
100$188,557,968$4,466,005$0$91,147,033