Can I retire at age 51 with 2,200,000?

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 $2,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$181,674$180,056$178,477$176,936$175,431$172,952
2 years$89,938$88,263$86,639$85,065$83,539$81,046
3 years$59,363$57,681$56,061$54,502$53,000$50,571
4 years$44,078$42,401$40,798$39,266$37,800$35,454
5 years$34,910$33,243$31,661$30,160$28,735$26,478
6 years$28,800$27,146$25,587$24,119$22,737$20,572
7 years$24,437$22,797$21,263$19,830$18,491$16,419
8 years$21,167$19,541$18,033$16,635$15,340$13,360
9 years$18,624$17,014$15,531$14,169$12,919$11,030
10 years$16,592$14,997$13,541$12,214$11,007$9,209
11 years$14,930$13,351$11,921$10,630$9,467$7,757
12 years$13,546$11,983$10,580$9,324$8,204$6,580
13 years$12,375$10,829$9,452$8,231$7,154$5,614
14 years$11,373$9,843$8,493$7,307$6,271$4,813
15 years$10,505$8,992$7,668$6,516$5,521$4,142
16 years$9,747$8,250$6,952$5,835$4,880$3,577
17 years$9,078$7,598$6,326$5,243$4,327$3,098
18 years$8,485$7,021$5,775$4,725$3,847$2,690
19 years$7,954$6,507$5,287$4,269$3,429$2,340
20 years$7,477$6,047$4,852$3,866$3,063$2,039
21 years$7,046$5,632$4,463$3,509$2,741$1,779
22 years$6,655$5,257$4,113$3,191$2,457$1,555
23 years$6,298$4,917$3,798$2,906$2,205$1,361
24 years$5,972$4,607$3,512$2,650$1,982$1,191
25 years$5,672$4,323$3,253$2,420$1,784$1,044
26 years$5,396$4,063$3,017$2,213$1,607$916
27 years$5,140$3,824$2,802$2,026$1,449$804
28 years$4,903$3,603$2,604$1,856$1,307$706
29 years$4,683$3,399$2,424$1,702$1,180$620
30 years$4,478$3,210$2,258$1,562$1,066$545
31 years$4,287$3,035$2,105$1,434$964$480
32 years$4,108$2,872$1,964$1,318$872$422
33 years$3,940$2,719$1,833$1,212$789$371
34 years$3,782$2,577$1,713$1,115$715$327
35 years$3,634$2,445$1,602$1,027$647$288
36 years$3,494$2,320$1,498$946$586$253
37 years$3,362$2,204$1,402$871$532$223
38 years$3,238$2,094$1,313$803$482$197
39 years$3,120$1,992$1,230$740$437$173
40 years$3,008$1,895$1,153$683$396$153
41 years$2,902$1,804$1,081$630$360$134
42 years$2,801$1,718$1,014$582$326$118
43 years$2,705$1,637$952$537$296$104
44 years$2,614$1,560$893$496$269$92
45 years$2,527$1,488$839$458$244$81
46 years$2,444$1,419$788$423$222$71
47 years$2,365$1,354$740$391$201$63
48 years$2,289$1,293$696$361$183$56
49 years$2,217$1,235$654$334$166$49
50 years$2,148$1,179$615$308$151$43

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,200,000, adding $3,835 every year, while hoping to spend $57,752 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: 52/27/21 Blend
50$2,200,000$2,200,000$2,200,000$2,200,000
51$2,428,356$2,311,756$2,277,656$2,540,345
52$2,614,600$2,363,584$2,292,510$2,669,768
53$2,817,906$2,416,016$2,305,925$2,804,174
54$3,039,953$2,469,021$2,317,794$2,949,151
55$3,282,589$2,522,564$2,328,001$3,105,722
56$3,547,849$2,576,606$2,336,425$3,275,017
57$3,837,975$2,631,105$2,342,940$3,458,281
58$4,155,433$2,686,014$2,347,414$3,656,886
59$4,502,941$2,741,282$2,349,705$3,872,343
60$4,883,489$2,796,853$2,349,669$4,106,321
61$5,300,373$2,852,667$2,347,151$4,360,655
62$5,757,220$2,908,656$2,341,989$4,637,372
63$6,258,026$2,964,750$2,334,015$4,938,704
64$6,807,191$3,020,870$2,323,052$5,267,113
65$7,409,563$3,076,931$2,308,913$5,625,311
66$8,070,480$3,132,842$2,291,403$6,016,291
67$8,795,823$3,188,505$2,270,319$6,443,350
68$9,592,069$3,243,814$2,245,446$6,910,123
69$10,466,352$3,298,653$2,216,561$7,420,619
70$11,426,533$3,352,900$2,183,429$7,979,255
71$12,481,270$3,406,422$2,145,804$8,590,902
72$13,640,101$3,459,078$2,103,429$9,260,931
73$14,913,533$3,510,715$2,056,036$9,995,262
74$16,313,142$3,561,169$2,003,343$10,800,420
75$17,851,683$3,610,267$1,945,055$11,683,602
76$19,543,204$3,657,819$1,880,864$12,652,737
77$21,403,186$3,703,628$1,810,448$13,716,572
78$23,448,684$3,747,478$1,733,470$14,884,745
79$25,698,487$3,789,142$1,649,579$16,167,882
80$28,173,298$3,828,375$1,558,405$17,577,700
81$30,895,927$3,864,918$1,459,564$19,127,112
82$33,891,506$3,898,493$1,352,654$20,830,353
83$37,187,726$3,928,806$1,237,255$22,703,119
84$40,815,099$3,955,542$1,112,927$24,762,709
85$44,807,241$3,978,366$979,213$27,028,192
86$49,201,195$3,996,922$835,632$29,520,592
87$54,037,777$4,010,831$681,686$32,263,082
88$59,361,959$4,019,690$516,851$35,281,206
89$65,223,296$4,023,072$340,582$38,603,121
90$71,676,391$4,020,522$152,311$42,259,866
91$78,781,413$4,011,557$0$46,285,654
92$86,604,658$3,995,664$0$50,729,088
93$95,219,182$3,972,300$0$55,657,976
94$104,705,484$3,940,889$0$61,084,117
95$115,152,268$3,900,817$0$67,058,170
96$126,657,279$3,851,437$0$73,635,959
97$139,328,224$3,792,060$0$80,879,012
98$153,283,792$3,721,959$0$88,855,132
99$168,654,765$3,640,363$0$97,639,046
100$185,585,263$3,546,452$0$107,313,105