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%12.8%
1 years$182,500$180,874$179,288$177,740$176,229$174,171
2 years$90,346$88,664$87,033$85,452$83,918$81,847
3 years$59,633$57,943$56,316$54,750$53,241$51,221
4 years$44,279$42,594$40,984$39,444$37,972$36,018
5 years$35,069$33,394$31,805$30,297$28,866$26,984
6 years$28,931$27,269$25,703$24,229$22,841$21,033
7 years$24,548$22,900$21,359$19,920$18,575$16,843
8 years$21,263$19,630$18,115$16,710$15,410$13,753
9 years$18,709$17,091$15,602$14,233$12,978$11,395
10 years$16,667$15,065$13,602$12,269$11,058$9,548
11 years$14,997$13,412$11,975$10,678$9,510$8,072
12 years$13,607$12,038$10,628$9,366$8,241$6,874
13 years$12,432$10,878$9,495$8,269$7,186$5,888
14 years$11,425$9,888$8,531$7,340$6,300$5,068
15 years$10,553$9,033$7,703$6,546$5,547$4,380
16 years$9,791$8,288$6,984$5,861$4,902$3,798
17 years$9,119$7,633$6,355$5,266$4,347$3,303
18 years$8,523$7,053$5,801$4,746$3,865$2,880
19 years$7,990$6,537$5,311$4,288$3,445$2,516
20 years$7,511$6,074$4,874$3,884$3,077$2,203
21 years$7,078$5,658$4,483$3,525$2,753$1,931
22 years$6,685$5,281$4,132$3,205$2,468$1,695
23 years$6,327$4,940$3,815$2,919$2,216$1,490
24 years$5,999$4,628$3,528$2,662$1,991$1,311
25 years$5,698$4,343$3,268$2,431$1,792$1,154
26 years$5,420$4,082$3,031$2,223$1,614$1,017
27 years$5,163$3,842$2,814$2,035$1,455$897
28 years$4,926$3,620$2,616$1,864$1,313$792
29 years$4,705$3,415$2,435$1,710$1,186$699
30 years$4,499$3,225$2,268$1,569$1,071$618
31 years$4,306$3,049$2,114$1,441$969$546
32 years$4,126$2,885$1,973$1,324$876$483
33 years$3,958$2,732$1,842$1,218$793$427
34 years$3,799$2,589$1,721$1,120$718$378
35 years$3,650$2,456$1,609$1,031$650$334
36 years$3,510$2,331$1,505$950$589$296
37 years$3,377$2,214$1,409$875$534$262
38 years$3,252$2,104$1,319$807$484$232
39 years$3,134$2,001$1,236$744$439$205
40 years$3,021$1,903$1,158$686$398$182
41 years$2,915$1,812$1,086$633$361$161
42 years$2,814$1,726$1,019$584$328$143
43 years$2,717$1,644$956$539$297$126
44 years$2,626$1,567$898$498$270$112
45 years$2,539$1,494$843$460$245$99
46 years$2,455$1,426$792$425$223$88
47 years$2,376$1,361$744$392$202$78
48 years$2,300$1,299$699$363$184$69
49 years$2,227$1,240$657$335$167$61
50 years$2,158$1,185$618$310$151$54

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 $3,919 every year, while hoping to spend $28,566 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: 51/20/29 Blend
50$2,210,000$2,210,000$2,210,000$2,210,000
51$2,439,462$2,322,332$2,288,077$2,543,734
52$2,657,894$2,405,733$2,334,334$2,700,321
53$2,897,647$2,492,262$2,381,183$2,867,331
54$3,160,868$2,582,044$2,428,613$3,048,389
55$3,449,919$2,675,207$2,476,614$3,244,847
56$3,767,403$2,771,883$2,525,173$3,458,190
57$4,116,185$2,872,213$2,574,273$3,690,056
58$4,499,426$2,976,341$2,623,901$3,942,245
59$4,920,604$3,084,419$2,674,039$4,216,740
60$5,383,553$3,196,602$2,724,666$4,515,721
61$5,892,495$3,313,055$2,775,762$4,841,591
62$6,452,083$3,433,949$2,827,304$5,196,993
63$7,067,445$3,559,462$2,879,268$5,584,838
64$7,744,226$3,689,777$2,931,625$6,008,332
65$8,488,650$3,825,089$2,984,347$6,471,002
66$9,307,572$3,965,599$3,037,403$6,976,736
67$10,208,547$4,111,515$3,090,758$7,529,812
68$11,199,896$4,263,057$3,144,376$8,134,943
69$12,290,791$4,420,452$3,198,218$8,797,319
70$13,491,334$4,583,937$3,252,241$9,522,655
71$14,812,660$4,753,760$3,306,401$10,317,247
72$16,267,035$4,930,178$3,360,649$11,188,030
73$17,867,977$5,113,460$3,414,935$12,142,641
74$19,630,377$5,303,887$3,469,202$13,189,494
75$21,570,649$5,501,750$3,523,393$14,337,854
76$23,706,874$5,707,355$3,577,446$15,597,932
77$26,058,979$5,921,020$3,631,295$16,980,972
78$28,648,920$6,143,074$3,684,868$18,499,363
79$31,500,891$6,373,866$3,738,092$20,166,753
80$34,641,550$6,613,754$3,790,886$21,998,177
81$38,100,276$6,863,115$3,843,168$24,010,198
82$41,909,437$7,122,341$3,894,848$26,221,066
83$46,104,706$7,391,842$3,945,831$28,650,887
84$50,725,388$7,672,044$3,996,019$31,321,810
85$55,814,797$7,963,393$4,045,304$34,258,241
86$61,420,661$8,266,354$4,093,577$37,487,068
87$67,595,575$8,581,412$4,140,718$41,037,918
88$74,397,495$8,909,073$4,186,604$44,943,432
89$81,890,287$9,249,865$4,231,103$49,239,575
90$90,144,328$9,604,340$4,274,076$53,965,976
91$99,237,169$9,973,073$4,315,378$59,166,296
92$109,254,272$10,356,665$4,354,854$64,888,647
93$120,289,808$10,755,742$4,392,343$71,186,038
94$132,447,555$11,170,959$4,427,672$78,116,880
95$145,841,869$11,603,000$4,460,663$85,745,535
96$160,598,771$12,052,578$4,491,126$94,142,920
97$176,857,129$12,520,438$4,518,863$103,387,181
98$194,769,974$13,007,357$4,543,662$113,564,423
99$214,505,941$13,514,148$4,565,305$124,769,528
100$236,250,865$14,041,659$4,583,561$137,107,048