Can I retire at age 51 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$182,500$180,874$179,288$177,740$176,229$170,247
2 years$90,346$88,664$87,033$85,452$83,918$77,952
3 years$59,633$57,943$56,316$54,750$53,241$47,477
4 years$44,279$42,594$40,984$39,444$37,972$32,455
5 years$35,069$33,394$31,805$30,297$28,866$23,610
6 years$28,931$27,269$25,703$24,229$22,841$17,850
7 years$24,548$22,900$21,359$19,920$18,575$13,850
8 years$21,263$19,630$18,115$16,710$15,410$10,945
9 years$18,709$17,091$15,602$14,233$12,978$8,768
10 years$16,667$15,065$13,602$12,269$11,058$7,097
11 years$14,997$13,412$11,975$10,678$9,510$5,790
12 years$13,607$12,038$10,628$9,366$8,241$4,754
13 years$12,432$10,878$9,495$8,269$7,186$3,922
14 years$11,425$9,888$8,531$7,340$6,300$3,250
15 years$10,553$9,033$7,703$6,546$5,547$2,701
16 years$9,791$8,288$6,984$5,861$4,902$2,251
17 years$9,119$7,633$6,355$5,266$4,347$1,880
18 years$8,523$7,053$5,801$4,746$3,865$1,573
19 years$7,990$6,537$5,311$4,288$3,445$1,319
20 years$7,511$6,074$4,874$3,884$3,077$1,106
21 years$7,078$5,658$4,483$3,525$2,753$929
22 years$6,685$5,281$4,132$3,205$2,468$781
23 years$6,327$4,940$3,815$2,919$2,216$657
24 years$5,999$4,628$3,528$2,662$1,991$553
25 years$5,698$4,343$3,268$2,431$1,792$466
26 years$5,420$4,082$3,031$2,223$1,614$393
27 years$5,163$3,842$2,814$2,035$1,455$331
28 years$4,926$3,620$2,616$1,864$1,313$279
29 years$4,705$3,415$2,435$1,710$1,186$235
30 years$4,499$3,225$2,268$1,569$1,071$199
31 years$4,306$3,049$2,114$1,441$969$168
32 years$4,126$2,885$1,973$1,324$876$141
33 years$3,958$2,732$1,842$1,218$793$119
34 years$3,799$2,589$1,721$1,120$718$101
35 years$3,650$2,456$1,609$1,031$650$85
36 years$3,510$2,331$1,505$950$589$72
37 years$3,377$2,214$1,409$875$534$61
38 years$3,252$2,104$1,319$807$484$51
39 years$3,134$2,001$1,236$744$439$43
40 years$3,021$1,903$1,158$686$398$37
41 years$2,915$1,812$1,086$633$361$31
42 years$2,814$1,726$1,019$584$328$26
43 years$2,717$1,644$956$539$297$22
44 years$2,626$1,567$898$498$270$19
45 years$2,539$1,494$843$460$245$16
46 years$2,455$1,426$792$425$223$13
47 years$2,376$1,361$744$392$202$11
48 years$2,300$1,299$699$363$184$9
49 years$2,227$1,240$657$335$167$8
50 years$2,158$1,185$618$310$151$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,210,000, adding $4,220 every year, while hoping to spend $21,958 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: 58/32/10 Blend
50$2,210,000$2,210,000$2,210,000$2,210,000
51$2,439,773$2,322,643$2,288,388$2,575,235
52$2,665,267$2,413,089$2,341,686$2,757,398
53$2,913,025$2,507,232$2,396,033$2,953,031
54$3,185,295$2,605,228$2,451,442$3,165,736
55$3,484,554$2,707,243$2,507,924$3,397,154
56$3,813,529$2,813,449$2,565,491$3,649,085
57$4,175,227$2,924,026$2,624,153$3,923,515
58$4,572,959$3,039,161$2,683,920$4,222,622
59$5,010,373$3,159,052$2,744,804$4,548,806
60$5,491,489$3,283,904$2,806,812$4,904,706
61$6,020,735$3,413,929$2,869,955$5,293,226
62$6,602,992$3,549,354$2,934,240$5,717,560
63$7,243,635$3,690,410$2,999,675$6,181,225
64$7,948,589$3,837,343$3,066,267$6,688,088
65$8,724,380$3,990,408$3,134,022$7,242,410
66$9,578,201$4,149,872$3,202,946$7,848,876
67$10,517,975$4,316,013$3,273,042$8,512,646
68$11,552,434$4,489,124$3,344,315$9,239,398
69$12,691,199$4,669,508$3,416,767$10,035,385
70$13,944,872$4,857,484$3,490,399$10,907,490
71$15,325,133$5,053,385$3,565,211$11,863,290
72$16,844,854$5,257,558$3,641,203$12,911,129
73$18,518,218$5,470,367$3,718,372$14,060,194
74$20,360,853$5,692,192$3,796,715$15,320,603
75$22,389,982$5,923,431$3,876,226$16,703,494
76$24,624,580$6,164,499$3,956,899$18,221,136
77$27,085,557$6,415,830$4,038,726$19,887,039
78$29,795,956$6,677,878$4,121,696$21,716,082
79$32,781,168$6,951,118$4,205,796$23,724,652
80$36,069,171$7,236,046$4,291,014$25,930,797
81$39,690,796$7,533,183$4,377,333$28,354,396
82$43,680,018$7,843,069$4,464,735$31,017,344
83$48,074,275$8,166,275$4,553,198$33,943,759
84$52,914,821$8,503,392$4,642,701$37,160,207
85$58,247,117$8,855,043$4,733,216$40,695,950
86$64,121,260$9,221,877$4,824,715$44,583,222
87$70,592,453$9,604,573$4,917,167$48,857,533
88$77,721,528$10,003,842$5,010,538$53,558,000
89$85,575,521$10,420,428$5,104,788$58,727,714
90$94,228,303$10,855,108$5,199,877$64,414,149
91$103,761,278$11,308,696$5,295,761$70,669,601
92$114,264,149$11,782,042$5,392,389$77,551,689
93$125,835,768$12,276,038$5,489,711$85,123,887
94$138,585,068$12,791,616$5,587,667$93,456,127
95$152,632,089$13,329,749$5,686,198$102,625,457
96$168,109,113$13,891,458$5,785,237$112,716,760
97$185,161,913$14,477,810$5,884,713$123,823,560
98$203,951,128$15,089,922$5,984,550$136,048,899
99$224,653,777$15,728,963$6,084,667$149,506,304
100$247,464,935$16,396,155$6,184,976$164,320,861