Can I retire at age 51 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$184,151$182,511$180,911$179,349$177,823$174,447
2 years$91,164$89,466$87,821$86,225$84,678$81,289
3 years$60,172$58,467$56,826$55,245$53,723$50,428
4 years$44,679$42,980$41,355$39,801$38,316$35,140
5 years$35,386$33,696$32,093$30,571$29,127$26,079
6 years$29,193$27,516$25,936$24,448$23,047$20,131
7 years$24,771$23,108$21,553$20,100$18,744$15,959
8 years$21,455$19,808$18,278$16,861$15,550$12,896
9 years$18,878$17,246$15,743$14,362$13,095$10,571
10 years$16,818$15,202$13,725$12,380$11,158$8,761
11 years$15,133$13,533$12,084$10,775$9,596$7,324
12 years$13,730$12,147$10,724$9,451$8,316$6,165
13 years$12,544$10,977$9,581$8,344$7,251$5,219
14 years$11,528$9,978$8,609$7,407$6,357$4,438
15 years$10,649$9,115$7,772$6,605$5,597$3,789
16 years$9,880$8,363$7,047$5,914$4,946$3,244
17 years$9,202$7,702$6,412$5,314$4,386$2,786
18 years$8,600$7,117$5,854$4,789$3,900$2,398
19 years$8,062$6,596$5,359$4,327$3,476$2,067
20 years$7,579$6,129$4,918$3,919$3,105$1,785
21 years$7,142$5,709$4,524$3,557$2,778$1,544
22 years$6,746$5,329$4,169$3,234$2,490$1,337
23 years$6,384$4,984$3,850$2,945$2,236$1,159
24 years$6,053$4,670$3,560$2,686$2,009$1,006
25 years$5,749$4,382$3,297$2,453$1,808$873
26 years$5,469$4,119$3,058$2,243$1,629$759
27 years$5,210$3,876$2,840$2,053$1,468$659
28 years$4,970$3,653$2,640$1,881$1,325$573
29 years$4,747$3,446$2,457$1,725$1,196$499
30 years$4,539$3,254$2,288$1,583$1,081$434
31 years$4,345$3,076$2,133$1,454$977$378
32 years$4,164$2,911$1,990$1,336$884$329
33 years$3,994$2,757$1,858$1,229$800$287
34 years$3,834$2,613$1,736$1,131$724$250
35 years$3,683$2,478$1,623$1,041$656$218
36 years$3,542$2,352$1,519$959$594$190
37 years$3,408$2,234$1,421$883$539$166
38 years$3,282$2,123$1,331$814$488$144
39 years$3,162$2,019$1,247$751$443$126
40 years$3,049$1,921$1,169$692$402$110
41 years$2,941$1,828$1,096$639$365$96
42 years$2,839$1,741$1,028$589$331$83
43 years$2,742$1,659$965$544$300$73
44 years$2,650$1,581$906$502$272$64
45 years$2,561$1,508$850$464$247$55
46 years$2,477$1,439$799$429$225$48
47 years$2,397$1,373$750$396$204$42
48 years$2,321$1,311$705$366$185$37
49 years$2,247$1,252$663$338$168$32
50 years$2,177$1,195$623$313$153$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,230,000, adding $4,401 every year, while hoping to spend $35,541 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: 78/6/16 Blend
50$2,230,000$2,230,000$2,230,000$2,230,000
51$2,462,000$2,343,810$2,309,245$2,645,214
52$2,675,308$2,420,841$2,348,789$2,843,674
53$2,909,183$2,500,456$2,388,467$3,056,380
54$3,165,685$2,582,743$2,428,245$3,288,723
55$3,447,082$2,667,794$2,468,089$3,542,654
56$3,755,874$2,755,706$2,507,960$3,820,321
57$4,094,815$2,846,578$2,547,818$4,124,090
58$4,466,936$2,940,510$2,587,620$4,456,566
59$4,875,580$3,037,611$2,627,321$4,820,622
60$5,324,424$3,137,990$2,666,872$5,219,419
61$5,817,525$3,241,760$2,706,222$5,656,441
62$6,359,347$3,349,041$2,745,314$6,135,524
63$6,954,810$3,459,954$2,784,093$6,660,897
64$7,609,335$3,574,626$2,822,494$7,237,215
65$8,328,894$3,693,189$2,860,454$7,869,610
66$9,120,065$3,815,779$2,897,903$8,563,734
67$9,990,096$3,942,537$2,934,767$9,325,814
68$10,946,974$4,073,609$2,970,970$10,162,710
69$11,999,496$4,209,148$3,006,429$11,081,983
70$13,157,358$4,349,309$3,041,058$12,091,960
71$14,431,240$4,494,257$3,074,764$13,201,818
72$15,832,911$4,644,159$3,107,453$14,421,667
73$17,375,337$4,799,193$3,139,022$15,762,647
74$19,072,806$4,959,538$3,169,364$17,237,034
75$20,941,060$5,125,383$3,198,366$18,858,352
76$22,997,446$5,296,923$3,225,908$20,641,503
77$25,261,074$5,474,362$3,251,865$22,602,908
78$27,753,007$5,657,909$3,276,106$24,760,662
79$30,496,449$5,847,781$3,298,490$27,134,701
80$33,516,970$6,044,206$3,318,873$29,746,995
81$36,842,745$6,247,416$3,337,099$32,621,752
82$40,504,821$6,457,656$3,353,008$35,785,647
83$44,537,409$6,675,177$3,366,430$39,268,073
84$48,978,205$6,900,241$3,377,186$43,101,422
85$53,868,748$7,133,120$3,385,088$47,321,384
86$59,254,813$7,374,094$3,389,941$51,967,290
87$65,186,836$7,623,458$3,391,537$57,082,479
88$71,720,399$7,881,513$3,389,659$62,714,710
89$78,916,748$8,148,575$3,384,080$68,916,609
90$86,843,371$8,424,970$3,374,562$75,746,170
91$95,574,639$8,711,037$3,360,854$83,267,297
92$105,192,503$9,007,130$3,342,693$91,550,412
93$115,787,271$9,313,612$3,319,806$100,673,118
94$127,458,457$9,630,863$3,291,904$110,720,930
95$140,315,722$9,959,277$3,258,685$121,788,083
96$154,479,908$10,299,264$3,219,833$133,978,422
97$170,084,178$10,651,248$3,175,017$147,406,381
98$187,275,274$11,015,669$3,123,890$162,198,065
99$206,214,901$11,392,986$3,066,090$178,492,437
100$227,081,253$11,783,674$3,001,236$196,442,633