Can I retire at age 51 with 2,220,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$183,326$181,693$180,099$178,544$177,026$174,093
2 years$90,755$89,065$87,427$85,839$84,298$81,352
3 years$59,902$58,205$56,571$54,998$53,482$50,614
4 years$44,479$42,787$41,169$39,623$38,144$35,377
5 years$35,228$33,545$31,949$30,434$28,996$26,337
6 years$29,062$27,392$25,820$24,338$22,944$20,396
7 years$24,659$23,004$21,456$20,010$18,660$16,224
8 years$21,359$19,719$18,197$16,786$15,480$13,156
9 years$18,794$17,169$15,673$14,298$13,036$10,823
10 years$16,742$15,133$13,664$12,325$11,108$9,003
11 years$15,065$13,472$12,029$10,726$9,553$7,555
12 years$13,669$12,092$10,676$9,408$8,278$6,384
13 years$12,488$10,928$9,538$8,306$7,219$5,425
14 years$11,477$9,933$8,570$7,373$6,328$4,632
15 years$10,601$9,074$7,738$6,576$5,572$3,971
16 years$9,835$8,325$7,015$5,888$4,924$3,415
17 years$9,161$7,667$6,384$5,290$4,366$2,945
18 years$8,562$7,085$5,827$4,768$3,882$2,545
19 years$8,026$6,566$5,335$4,308$3,460$2,205
20 years$7,545$6,102$4,896$3,902$3,091$1,913
21 years$7,110$5,683$4,503$3,541$2,766$1,662
22 years$6,715$5,305$4,150$3,220$2,479$1,446
23 years$6,356$4,962$3,832$2,932$2,226$1,259
24 years$6,026$4,649$3,544$2,674$2,000$1,097
25 years$5,724$4,363$3,283$2,442$1,800$957
26 years$5,445$4,100$3,044$2,233$1,621$836
27 years$5,187$3,859$2,827$2,044$1,462$730
28 years$4,948$3,636$2,628$1,873$1,319$638
29 years$4,726$3,430$2,446$1,717$1,191$558
30 years$4,519$3,240$2,278$1,576$1,076$488
31 years$4,326$3,062$2,124$1,448$973$427
32 years$4,145$2,898$1,982$1,330$880$374
33 years$3,976$2,744$1,850$1,223$797$327
34 years$3,817$2,601$1,729$1,126$721$287
35 years$3,667$2,467$1,616$1,036$653$251
36 years$3,526$2,341$1,512$954$592$220
37 years$3,393$2,224$1,415$879$536$193
38 years$3,267$2,113$1,325$810$486$169
39 years$3,148$2,010$1,242$747$441$148
40 years$3,035$1,912$1,164$689$400$130
41 years$2,928$1,820$1,091$636$363$114
42 years$2,826$1,733$1,024$587$329$100
43 years$2,730$1,652$960$542$299$87
44 years$2,638$1,574$902$500$271$77
45 years$2,550$1,501$847$462$246$67
46 years$2,466$1,432$795$427$224$59
47 years$2,387$1,367$747$394$203$52
48 years$2,310$1,305$702$364$184$45
49 years$2,237$1,246$660$337$167$40
50 years$2,167$1,190$620$311$152$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,220,000, adding $3,225 every year, while hoping to spend $33,451 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: 77/15/8 Blend
50$2,220,000$2,220,000$2,220,000$2,220,000
51$2,449,767$2,332,107$2,297,697$2,635,361
52$2,664,051$2,410,788$2,339,078$2,836,439
53$2,899,072$2,492,204$2,380,724$3,052,216
54$3,156,908$2,576,453$2,422,609$3,287,823
55$3,439,850$2,663,637$2,464,705$3,545,215
56$3,750,422$2,753,863$2,506,980$3,826,550
57$4,091,404$2,847,240$2,549,402$4,134,199
58$4,465,856$2,943,884$2,591,936$4,470,776
59$4,877,152$3,043,913$2,634,544$4,839,159
60$5,329,007$3,147,450$2,677,187$5,242,517
61$5,825,515$3,254,624$2,719,822$5,684,340
62$6,371,184$3,365,568$2,762,402$6,168,471
63$6,970,983$3,480,418$2,804,881$6,699,143
64$7,630,384$3,599,320$2,847,205$7,281,019
65$8,355,417$3,722,421$2,889,321$7,919,235
66$9,152,726$3,849,876$2,931,170$8,619,448
67$10,029,630$3,981,845$2,972,690$9,387,887
68$10,994,193$4,118,496$3,013,815$10,231,418
69$12,055,299$4,260,002$3,054,477$11,157,600
70$13,222,739$4,406,541$3,094,601$12,174,763
71$14,507,299$4,558,302$3,134,111$13,292,083
72$15,920,863$4,715,478$3,172,923$14,519,668
73$17,476,525$4,878,271$3,210,950$15,868,654
74$19,188,715$5,046,890$3,248,101$17,351,310
75$21,073,330$5,221,554$3,284,278$18,981,152
76$23,147,888$5,402,488$3,319,380$20,773,072
77$25,431,690$5,589,928$3,353,297$22,743,477
78$27,946,006$5,784,118$3,385,916$24,910,443
79$30,714,271$5,985,312$3,417,117$27,293,887
80$33,762,309$6,193,775$3,446,772$29,915,752
81$37,118,576$6,409,780$3,474,750$32,800,216
82$40,814,425$6,633,614$3,500,909$35,973,920
83$44,884,408$6,865,574$3,525,101$39,466,214
84$49,366,598$7,105,966$3,547,172$43,309,441
85$54,302,946$7,355,114$3,566,957$47,539,237
86$59,739,681$7,613,349$3,584,285$52,194,867
87$65,727,746$7,881,021$3,598,976$57,319,597
88$72,323,273$8,158,488$3,610,839$62,961,100
89$79,588,120$8,446,127$3,619,675$69,171,908
90$87,590,450$8,744,329$3,625,276$76,009,902
91$96,405,374$9,053,499$3,627,421$83,538,866
92$106,115,662$9,374,060$3,625,879$91,829,079
93$116,812,523$9,706,453$3,620,410$100,957,987
94$128,596,465$10,051,134$3,610,759$111,010,925
95$141,578,246$10,408,580$3,596,660$122,081,929
96$155,879,913$10,779,287$3,577,834$134,274,617
97$171,635,962$11,163,770$3,553,989$147,703,170
98$188,994,601$11,562,566$3,524,819$162,493,410
99$208,119,153$11,976,234$3,490,003$178,783,982
100$229,189,592$12,405,355$3,449,204$196,727,668