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%19.8%
1 years$184,151$182,511$180,911$179,349$177,823$170,835
2 years$91,164$89,466$87,821$86,225$84,678$77,723
3 years$60,172$58,467$56,826$55,245$53,723$47,021
4 years$44,679$42,980$41,355$39,801$38,316$31,916
5 years$35,386$33,696$32,093$30,571$29,127$23,047
6 years$29,193$27,516$25,936$24,448$23,047$17,291
7 years$24,771$23,108$21,553$20,100$18,744$13,309
8 years$21,455$19,808$18,278$16,861$15,550$10,431
9 years$18,878$17,246$15,743$14,362$13,095$8,285
10 years$16,818$15,202$13,725$12,380$11,158$6,646
11 years$15,133$13,533$12,084$10,775$9,596$5,373
12 years$13,730$12,147$10,724$9,451$8,316$4,371
13 years$12,544$10,977$9,581$8,344$7,251$3,572
14 years$11,528$9,978$8,609$7,407$6,357$2,930
15 years$10,649$9,115$7,772$6,605$5,597$2,412
16 years$9,880$8,363$7,047$5,914$4,946$1,990
17 years$9,202$7,702$6,412$5,314$4,386$1,645
18 years$8,600$7,117$5,854$4,789$3,900$1,362
19 years$8,062$6,596$5,359$4,327$3,476$1,129
20 years$7,579$6,129$4,918$3,919$3,105$938
21 years$7,142$5,709$4,524$3,557$2,778$779
22 years$6,746$5,329$4,169$3,234$2,490$648
23 years$6,384$4,984$3,850$2,945$2,236$539
24 years$6,053$4,670$3,560$2,686$2,009$449
25 years$5,749$4,382$3,297$2,453$1,808$374
26 years$5,469$4,119$3,058$2,243$1,629$311
27 years$5,210$3,876$2,840$2,053$1,468$260
28 years$4,970$3,653$2,640$1,881$1,325$216
29 years$4,747$3,446$2,457$1,725$1,196$180
30 years$4,539$3,254$2,288$1,583$1,081$150
31 years$4,345$3,076$2,133$1,454$977$126
32 years$4,164$2,911$1,990$1,336$884$105
33 years$3,994$2,757$1,858$1,229$800$87
34 years$3,834$2,613$1,736$1,131$724$73
35 years$3,683$2,478$1,623$1,041$656$61
36 years$3,542$2,352$1,519$959$594$51
37 years$3,408$2,234$1,421$883$539$42
38 years$3,282$2,123$1,331$814$488$35
39 years$3,162$2,019$1,247$751$443$29
40 years$3,049$1,921$1,169$692$402$25
41 years$2,941$1,828$1,096$639$365$21
42 years$2,839$1,741$1,028$589$331$17
43 years$2,742$1,659$965$544$300$14
44 years$2,650$1,581$906$502$272$12
45 years$2,561$1,508$850$464$247$10
46 years$2,477$1,439$799$429$225$8
47 years$2,397$1,373$750$396$204$7
48 years$2,321$1,311$705$366$185$6
49 years$2,247$1,252$663$338$168$5
50 years$2,177$1,195$623$313$153$4

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 $6,122 every year, while hoping to spend $52,665 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: 53/25/22 Blend
50$2,230,000$2,230,000$2,230,000$2,230,000
51$2,463,775$2,345,585$2,311,020$2,579,113
52$2,659,045$2,404,483$2,332,404$2,718,065
53$2,872,467$2,464,503$2,352,739$2,863,210
54$3,105,838$2,525,642$2,371,935$3,020,045
55$3,361,134$2,587,900$2,389,896$3,189,703
56$3,640,534$2,651,271$2,406,521$3,373,430
57$3,946,433$2,715,749$2,421,705$3,572,603
58$4,281,474$2,781,325$2,435,336$3,788,736
59$4,648,563$2,847,988$2,447,298$4,023,496
60$5,050,901$2,915,724$2,457,468$4,278,724
61$5,492,016$2,984,518$2,465,716$4,556,444
62$5,975,791$3,054,348$2,471,907$4,858,891
63$6,506,504$3,125,194$2,475,899$5,188,523
64$7,088,868$3,197,029$2,477,541$5,548,054
65$7,728,071$3,269,822$2,476,678$5,940,469
66$8,429,832$3,343,540$2,473,144$6,369,063
67$9,200,447$3,418,146$2,466,766$6,837,465
68$10,046,854$3,493,597$2,457,365$7,349,674
69$10,976,696$3,569,846$2,444,749$7,910,099
70$11,998,391$3,646,841$2,428,720$8,523,598
71$13,121,214$3,724,523$2,409,070$9,195,525
72$14,355,383$3,802,830$2,385,579$9,931,784
73$15,712,156$3,881,692$2,358,019$10,738,877
74$17,203,933$3,961,033$2,326,150$11,623,975
75$18,844,380$4,040,769$2,289,722$12,594,980
76$20,648,550$4,120,810$2,248,471$13,660,601
77$22,633,030$4,201,057$2,202,123$14,830,436
78$24,816,095$4,281,404$2,150,389$16,115,068
79$27,217,878$4,361,735$2,092,969$17,526,156
80$29,860,565$4,441,924$2,029,547$19,076,553
81$32,768,600$4,521,835$1,959,794$20,780,427
82$35,968,916$4,601,324$1,883,366$22,653,392
83$39,491,188$4,680,232$1,799,901$24,712,656
84$43,368,116$4,758,389$1,709,025$26,977,189
85$47,635,728$4,835,615$1,610,341$29,467,896
86$52,333,725$4,911,712$1,503,440$32,207,821
87$57,505,851$4,986,472$1,387,891$35,222,359
88$63,200,307$5,059,669$1,263,245$38,539,503
89$69,470,207$5,131,061$1,129,032$42,190,105
90$76,374,076$5,200,391$984,763$46,208,167
91$83,976,403$5,267,382$829,924$50,631,168
92$92,348,252$5,331,739$663,982$55,500,413
93$101,567,926$5,393,146$486,377$60,861,428
94$111,721,711$5,451,268$296,528$66,764,388
95$122,904,690$5,505,743$93,826$73,264,594
96$135,221,634$5,556,190$0$80,422,996
97$148,787,997$5,602,200$0$88,335,523
98$163,731,002$5,643,338$0$97,072,828
99$180,190,843$5,679,140$0$106,694,622
100$198,322,005$5,709,114$0$117,291,004