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%18.5%
1 years$181,674$180,056$178,477$176,936$175,431$169,409
2 years$89,938$88,263$86,639$85,065$83,539$77,533
3 years$59,363$57,681$56,061$54,502$53,000$47,199
4 years$44,078$42,401$40,798$39,266$37,800$32,249
5 years$34,910$33,243$31,661$30,160$28,735$23,447
6 years$28,800$27,146$25,587$24,119$22,737$17,717
7 years$24,437$22,797$21,263$19,830$18,491$13,739
8 years$21,167$19,541$18,033$16,635$15,340$10,851
9 years$18,624$17,014$15,531$14,169$12,919$8,688
10 years$16,592$14,997$13,541$12,214$11,007$7,027
11 years$14,930$13,351$11,921$10,630$9,467$5,730
12 years$13,546$11,983$10,580$9,324$8,204$4,701
13 years$12,375$10,829$9,452$8,231$7,154$3,876
14 years$11,373$9,843$8,493$7,307$6,271$3,209
15 years$10,505$8,992$7,668$6,516$5,521$2,666
16 years$9,747$8,250$6,952$5,835$4,880$2,220
17 years$9,078$7,598$6,326$5,243$4,327$1,853
18 years$8,485$7,021$5,775$4,725$3,847$1,549
19 years$7,954$6,507$5,287$4,269$3,429$1,297
20 years$7,477$6,047$4,852$3,866$3,063$1,088
21 years$7,046$5,632$4,463$3,509$2,741$913
22 years$6,655$5,257$4,113$3,191$2,457$767
23 years$6,298$4,917$3,798$2,906$2,205$645
24 years$5,972$4,607$3,512$2,650$1,982$542
25 years$5,672$4,323$3,253$2,420$1,784$456
26 years$5,396$4,063$3,017$2,213$1,607$384
27 years$5,140$3,824$2,802$2,026$1,449$324
28 years$4,903$3,603$2,604$1,856$1,307$273
29 years$4,683$3,399$2,424$1,702$1,180$230
30 years$4,478$3,210$2,258$1,562$1,066$194
31 years$4,287$3,035$2,105$1,434$964$163
32 years$4,108$2,872$1,964$1,318$872$138
33 years$3,940$2,719$1,833$1,212$789$116
34 years$3,782$2,577$1,713$1,115$715$98
35 years$3,634$2,445$1,602$1,027$647$83
36 years$3,494$2,320$1,498$946$586$70
37 years$3,362$2,204$1,402$871$532$59
38 years$3,238$2,094$1,313$803$482$50
39 years$3,120$1,992$1,230$740$437$42
40 years$3,008$1,895$1,153$683$396$35
41 years$2,902$1,804$1,081$630$360$30
42 years$2,801$1,718$1,014$582$326$25
43 years$2,705$1,637$952$537$296$21
44 years$2,614$1,560$893$496$269$18
45 years$2,527$1,488$839$458$244$15
46 years$2,444$1,419$788$423$222$13
47 years$2,365$1,354$740$391$201$11
48 years$2,289$1,293$696$361$183$9
49 years$2,217$1,235$654$334$166$8
50 years$2,148$1,179$615$308$151$6

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 $4,100 every year, while hoping to spend $27,309 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: 70/15/15 Blend
50$2,200,000$2,200,000$2,200,000$2,200,000
51$2,428,629$2,312,029$2,277,929$2,590,024
52$2,647,293$2,396,262$2,325,183$2,782,069
53$2,887,345$2,483,707$2,373,105$2,988,511
54$3,150,938$2,574,493$2,421,688$3,213,742
55$3,440,444$2,668,753$2,470,925$3,459,613
56$3,758,475$2,766,628$2,520,806$3,728,160
57$4,107,909$2,868,262$2,571,323$4,021,624
58$4,491,916$2,973,807$2,622,463$4,342,472
59$4,913,990$3,083,422$2,674,214$4,693,423
60$5,377,978$3,197,271$2,726,561$5,077,467
61$5,888,119$3,315,525$2,779,489$5,497,901
62$6,449,085$3,438,364$2,832,979$5,958,353
63$7,066,022$3,565,973$2,887,014$6,462,819
64$7,744,599$3,698,549$2,941,572$7,015,699
65$8,491,062$3,836,292$2,996,629$7,621,841
66$9,312,295$3,979,415$3,052,160$8,286,585
67$10,215,881$4,128,138$3,108,140$9,015,809
68$11,210,176$4,282,691$3,164,537$9,815,991
69$12,304,385$4,443,314$3,221,320$10,694,267
70$13,508,652$4,610,257$3,278,454$11,658,494
71$14,834,155$4,783,780$3,335,903$12,717,332
72$16,293,210$4,964,156$3,393,627$13,880,315
73$17,899,386$5,151,668$3,451,582$15,157,952
74$19,667,637$5,346,614$3,509,723$16,561,815
75$21,614,438$5,549,300$3,568,001$18,104,657
76$23,757,945$5,760,050$3,626,364$19,800,524
77$26,118,164$5,979,201$3,684,755$21,664,893
78$28,717,137$6,207,102$3,743,115$23,714,815
79$31,579,155$6,444,120$3,801,380$25,969,075
80$34,730,985$6,690,638$3,859,482$28,448,371
81$38,202,120$6,947,054$3,917,349$31,175,505
82$42,025,061$7,213,785$3,974,905$34,175,603
83$46,235,622$7,491,264$4,032,068$37,476,347
84$50,873,265$7,779,946$4,088,753$41,108,237
85$55,981,479$8,080,305$4,144,867$45,104,881
86$61,608,184$8,392,833$4,200,314$49,503,307
87$67,806,185$8,718,049$4,254,991$54,344,314
88$74,633,673$9,056,490$4,308,790$59,672,858
89$82,154,768$9,408,719$4,361,595$65,538,475
90$90,440,132$9,775,324$4,413,286$71,995,745
91$99,567,629$10,156,918$4,463,735$79,104,810
92$109,623,063$10,554,142$4,512,805$86,931,939
93$120,700,986$10,967,666$4,560,355$95,550,153
94$132,905,592$11,398,187$4,606,233$105,039,915
95$146,351,702$11,846,438$4,650,281$115,489,887
96$161,165,842$12,313,179$4,692,331$126,997,766
97$177,487,441$12,799,208$4,732,208$139,671,206
98$195,470,148$13,305,357$4,769,724$153,628,834
99$215,283,279$13,832,496$4,804,686$169,001,368
100$237,113,417$14,381,532$4,836,887$185,932,849