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

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$183,326$181,693$180,099$178,544$177,026$170,474
2 years$90,755$89,065$87,427$85,839$84,298$77,771
3 years$59,902$58,205$56,571$54,998$53,482$47,185
4 years$44,479$42,787$41,169$39,623$38,144$32,125
5 years$35,228$33,545$31,949$30,434$28,996$23,272
6 years$29,062$27,392$25,820$24,338$22,944$17,517
7 years$24,659$23,004$21,456$20,010$18,660$13,529
8 years$21,359$19,719$18,197$16,786$15,480$10,642
9 years$18,794$17,169$15,673$14,298$13,036$8,483
10 years$16,742$15,133$13,664$12,325$11,108$6,832
11 years$15,065$13,472$12,029$10,726$9,553$5,545
12 years$13,669$12,092$10,676$9,408$8,278$4,528
13 years$12,488$10,928$9,538$8,306$7,219$3,716
14 years$11,477$9,933$8,570$7,373$6,328$3,061
15 years$10,601$9,074$7,738$6,576$5,572$2,530
16 years$9,835$8,325$7,015$5,888$4,924$2,097
17 years$9,161$7,667$6,384$5,290$4,366$1,741
18 years$8,562$7,085$5,827$4,768$3,882$1,448
19 years$8,026$6,566$5,335$4,308$3,460$1,206
20 years$7,545$6,102$4,896$3,902$3,091$1,006
21 years$7,110$5,683$4,503$3,541$2,766$840
22 years$6,715$5,305$4,150$3,220$2,479$702
23 years$6,356$4,962$3,832$2,932$2,226$587
24 years$6,026$4,649$3,544$2,674$2,000$491
25 years$5,724$4,363$3,283$2,442$1,800$411
26 years$5,445$4,100$3,044$2,233$1,621$344
27 years$5,187$3,859$2,827$2,044$1,462$288
28 years$4,948$3,636$2,628$1,873$1,319$241
29 years$4,726$3,430$2,446$1,717$1,191$202
30 years$4,519$3,240$2,278$1,576$1,076$169
31 years$4,326$3,062$2,124$1,448$973$142
32 years$4,145$2,898$1,982$1,330$880$119
33 years$3,976$2,744$1,850$1,223$797$100
34 years$3,817$2,601$1,729$1,126$721$84
35 years$3,667$2,467$1,616$1,036$653$70
36 years$3,526$2,341$1,512$954$592$59
37 years$3,393$2,224$1,415$879$536$49
38 years$3,267$2,113$1,325$810$486$41
39 years$3,148$2,010$1,242$747$441$35
40 years$3,035$1,912$1,164$689$400$29
41 years$2,928$1,820$1,091$636$363$24
42 years$2,826$1,733$1,024$587$329$20
43 years$2,730$1,652$960$542$299$17
44 years$2,638$1,574$902$500$271$14
45 years$2,550$1,501$847$462$246$12
46 years$2,466$1,432$795$427$224$10
47 years$2,387$1,367$747$394$203$9
48 years$2,310$1,305$702$364$184$7
49 years$2,237$1,246$660$337$167$6
50 years$2,167$1,190$620$311$152$5

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 $3,395 every year, while hoping to spend $20,067 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: 65/14/21 Blend
50$2,220,000$2,220,000$2,220,000$2,220,000
51$2,449,942$2,332,282$2,297,872$2,595,850
52$2,678,485$2,425,213$2,353,500$2,787,269
53$2,929,667$2,522,024$2,410,318$2,993,794
54$3,205,775$2,622,886$2,468,346$3,219,033
55$3,509,331$2,727,974$2,527,603$3,464,822
56$3,843,112$2,837,474$2,588,106$3,733,181
57$4,210,177$2,951,578$2,649,875$4,026,333
58$4,613,897$3,070,487$2,712,928$4,346,729
59$5,057,986$3,194,413$2,777,283$4,697,062
60$5,546,537$3,323,575$2,842,959$5,080,301
61$6,084,058$3,458,205$2,909,972$5,499,712
62$6,675,517$3,598,542$2,978,341$5,958,894
63$7,326,388$3,744,839$3,048,084$6,461,808
64$8,042,702$3,897,358$3,119,217$7,012,817
65$8,831,104$4,056,375$3,191,757$7,616,724
66$9,698,916$4,222,177$3,265,720$8,278,822
67$10,654,207$4,395,065$3,341,124$9,004,935
68$11,705,867$4,575,354$3,417,982$9,801,483
69$12,863,691$4,763,372$3,496,310$10,675,534
70$14,138,474$4,959,464$3,576,123$11,634,872
71$15,542,110$5,163,989$3,657,434$12,688,074
72$17,087,703$5,377,323$3,740,257$13,844,586
73$18,789,697$5,599,860$3,824,603$15,114,812
74$20,664,004$5,832,011$3,910,486$16,510,215
75$22,728,160$6,074,207$3,997,914$18,043,421
76$25,001,487$6,326,898$4,086,899$19,728,338
77$27,505,278$6,590,555$4,177,450$21,580,290
78$30,262,995$6,865,671$4,269,573$23,616,158
79$33,300,493$7,152,761$4,363,276$25,854,537
80$36,646,262$7,452,365$4,458,564$28,315,917
81$40,331,697$7,765,047$4,555,442$31,022,868
82$44,391,392$8,091,397$4,653,912$34,000,260
83$48,863,472$8,432,032$4,753,975$37,275,490
84$53,789,944$8,787,600$4,855,631$40,878,745
85$59,217,102$9,158,776$4,958,879$44,843,283
86$65,195,958$9,546,268$5,063,713$49,205,748
87$71,782,728$9,950,817$5,170,129$54,006,513
88$79,039,356$10,373,197$5,278,119$59,290,064
89$87,034,106$10,814,220$5,387,672$65,105,414
90$95,842,202$11,274,734$5,498,776$71,506,568
91$105,546,539$11,755,627$5,611,417$78,553,030
92$116,238,463$12,257,830$5,725,576$86,310,366
93$128,018,638$12,782,316$5,841,235$94,850,820
94$140,997,992$13,330,102$5,958,369$104,253,994
95$155,298,766$13,902,256$6,076,954$114,607,601
96$171,055,667$14,499,894$6,196,958$126,008,288
97$188,417,139$15,124,183$6,318,351$138,562,551
98$207,546,766$15,776,346$6,441,094$152,387,737
99$228,624,814$16,457,665$6,565,149$167,613,150
100$251,849,934$17,169,479$6,690,470$184,381,271