Can I retire at age 51 with 2,190,000?

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 $2,190,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$180,848$179,237$177,666$176,132$174,634$173,898
2 years$89,529$87,861$86,245$84,679$83,159$82,416
3 years$59,093$57,418$55,807$54,254$52,759$52,033
4 years$43,878$42,209$40,613$39,087$37,628$36,923
5 years$34,751$33,092$31,517$30,023$28,605$27,923
6 years$28,669$27,022$25,471$24,009$22,634$21,977
7 years$24,326$22,693$21,166$19,739$18,407$17,775
8 years$21,071$19,452$17,951$16,559$15,271$14,663
9 years$18,540$16,937$15,461$14,105$12,860$12,277
10 years$16,516$14,929$13,479$12,158$10,957$10,399
11 years$14,862$13,290$11,867$10,581$9,424$8,890
12 years$13,484$11,929$10,531$9,281$8,166$7,656
13 years$12,319$10,780$9,409$8,194$7,121$6,634
14 years$11,321$9,799$8,454$7,274$6,242$5,778
15 years$10,458$8,951$7,633$6,487$5,496$5,054
16 years$9,703$8,213$6,920$5,808$4,858$4,437
17 years$9,037$7,564$6,297$5,219$4,307$3,908
18 years$8,446$6,989$5,749$4,703$3,830$3,451
19 years$7,918$6,477$5,263$4,250$3,414$3,054
20 years$7,443$6,019$4,830$3,849$3,049$2,709
21 years$7,014$5,607$4,442$3,493$2,729$2,406
22 years$6,625$5,234$4,094$3,176$2,446$2,141
23 years$6,270$4,895$3,780$2,892$2,195$1,908
24 years$5,945$4,586$3,496$2,638$1,973$1,702
25 years$5,646$4,304$3,238$2,409$1,776$1,520
26 years$5,371$4,045$3,003$2,203$1,599$1,359
27 years$5,117$3,807$2,789$2,016$1,442$1,215
28 years$4,881$3,587$2,593$1,847$1,301$1,088
29 years$4,662$3,384$2,413$1,694$1,175$975
30 years$4,458$3,196$2,247$1,555$1,062$874
31 years$4,267$3,021$2,095$1,428$960$784
32 years$4,089$2,859$1,955$1,312$868$703
33 years$3,922$2,707$1,825$1,207$786$631
34 years$3,765$2,566$1,705$1,110$711$567
35 years$3,617$2,434$1,594$1,022$644$509
36 years$3,478$2,310$1,491$941$584$457
37 years$3,347$2,194$1,396$867$529$411
38 years$3,223$2,085$1,307$799$480$370
39 years$3,105$1,983$1,225$737$435$332
40 years$2,994$1,886$1,148$680$395$299
41 years$2,888$1,795$1,076$627$358$269
42 years$2,788$1,710$1,010$579$325$242
43 years$2,693$1,629$948$534$295$218
44 years$2,602$1,553$889$493$268$196
45 years$2,516$1,481$835$456$243$176
46 years$2,433$1,413$784$421$221$159
47 years$2,354$1,348$737$389$200$143
48 years$2,279$1,287$692$359$182$129
49 years$2,207$1,229$651$332$165$116
50 years$2,138$1,174$612$307$150$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,190,000, adding $5,156 every year, while hoping to spend $48,915 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: 39/35/26 Blend
50$2,190,000$2,190,000$2,190,000$2,190,000
51$2,418,698$2,302,628$2,268,683$2,494,187
52$2,613,360$2,363,412$2,292,639$2,610,368
53$2,826,239$2,425,535$2,315,758$2,730,987
54$3,059,139$2,489,010$2,337,960$2,860,465
55$3,314,052$2,553,852$2,359,162$2,999,639
56$3,593,165$2,620,071$2,379,274$3,149,432
57$3,898,893$2,687,679$2,398,205$3,310,859
58$4,233,891$2,756,686$2,415,855$3,485,038
59$4,601,083$2,827,099$2,432,122$3,673,203
60$5,003,692$2,898,926$2,446,897$3,876,711
61$5,445,266$2,972,171$2,460,065$4,097,059
62$5,929,714$3,046,837$2,471,508$4,335,896
63$6,461,339$3,122,927$2,481,098$4,595,038
64$7,044,885$3,200,439$2,488,704$4,876,488
65$7,685,573$3,279,371$2,494,185$5,182,452
66$8,389,159$3,359,717$2,497,397$5,515,362
67$9,161,979$3,441,469$2,498,186$5,877,898
68$10,011,016$3,524,616$2,496,391$6,273,014
69$10,943,962$3,609,145$2,491,842$6,703,964
70$11,969,291$3,695,038$2,484,364$7,174,339
71$13,096,338$3,782,275$2,473,770$7,688,092
72$14,335,390$3,870,831$2,459,866$8,249,582
73$15,697,775$3,960,678$2,442,447$8,863,615
74$17,195,980$4,051,783$2,421,301$9,535,487
75$18,843,758$4,144,108$2,396,203$10,271,035
76$20,656,264$4,237,612$2,366,918$11,076,694
77$22,650,195$4,332,246$2,333,201$11,959,557
78$24,843,946$4,427,958$2,294,795$12,927,442
79$27,257,788$4,524,688$2,251,431$13,988,966
80$29,914,055$4,622,370$2,202,826$15,153,628
81$32,837,354$4,720,931$2,148,686$16,431,899
82$36,054,799$4,820,292$2,088,702$17,835,319
83$39,596,268$4,920,365$2,022,552$19,376,611
84$43,494,678$5,021,054$1,949,898$21,069,796
85$47,786,302$5,122,253$1,870,388$22,930,331
86$52,511,111$5,223,849$1,783,651$24,975,253
87$57,713,144$5,325,717$1,689,303$27,223,340
88$63,440,930$5,427,723$1,586,940$29,695,292
89$69,747,943$5,529,720$1,476,141$32,413,924
90$76,693,107$5,631,550$1,356,466$35,404,384
91$84,341,350$5,733,042$1,227,454$38,694,392
92$92,764,219$5,834,012$1,088,624$42,314,499
93$102,040,551$5,934,261$939,475$46,298,382
94$112,257,223$6,033,575$779,483$50,683,159
95$123,509,964$6,131,724$608,100$55,509,741
96$135,904,264$6,228,462$424,755$60,823,222
97$149,556,365$6,323,523$228,850$66,673,304
98$164,594,361$6,416,623$19,764$73,114,766
99$181,159,405$6,507,456$0$80,207,988
100$199,407,041$6,595,698$0$88,075,936