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%19.1%
1 years$184,151$182,511$180,911$179,349$177,823$171,310
2 years$91,164$89,466$87,821$86,225$84,678$78,188
3 years$60,172$58,467$56,826$55,245$53,723$47,461
4 years$44,679$42,980$41,355$39,801$38,316$32,329
5 years$35,386$33,696$32,093$30,571$29,127$23,432
6 years$29,193$27,516$25,936$24,448$23,047$17,647
7 years$24,771$23,108$21,553$20,100$18,744$13,638
8 years$21,455$19,808$18,278$16,861$15,550$10,733
9 years$18,878$17,246$15,743$14,362$13,095$8,562
10 years$16,818$15,202$13,725$12,380$11,158$6,899
11 years$15,133$13,533$12,084$10,775$9,596$5,603
12 years$13,730$12,147$10,724$9,451$8,316$4,579
13 years$12,544$10,977$9,581$8,344$7,251$3,760
14 years$11,528$9,978$8,609$7,407$6,357$3,100
15 years$10,649$9,115$7,772$6,605$5,597$2,564
16 years$9,880$8,363$7,047$5,914$4,946$2,126
17 years$9,202$7,702$6,412$5,314$4,386$1,767
18 years$8,600$7,117$5,854$4,789$3,900$1,471
19 years$8,062$6,596$5,359$4,327$3,476$1,226
20 years$7,579$6,129$4,918$3,919$3,105$1,023
21 years$7,142$5,709$4,524$3,557$2,778$855
22 years$6,746$5,329$4,169$3,234$2,490$715
23 years$6,384$4,984$3,850$2,945$2,236$598
24 years$6,053$4,670$3,560$2,686$2,009$501
25 years$5,749$4,382$3,297$2,453$1,808$419
26 years$5,469$4,119$3,058$2,243$1,629$351
27 years$5,210$3,876$2,840$2,053$1,468$295
28 years$4,970$3,653$2,640$1,881$1,325$247
29 years$4,747$3,446$2,457$1,725$1,196$207
30 years$4,539$3,254$2,288$1,583$1,081$174
31 years$4,345$3,076$2,133$1,454$977$146
32 years$4,164$2,911$1,990$1,336$884$122
33 years$3,994$2,757$1,858$1,229$800$103
34 years$3,834$2,613$1,736$1,131$724$86
35 years$3,683$2,478$1,623$1,041$656$72
36 years$3,542$2,352$1,519$959$594$61
37 years$3,408$2,234$1,421$883$539$51
38 years$3,282$2,123$1,331$814$488$43
39 years$3,162$2,019$1,247$751$443$36
40 years$3,049$1,921$1,169$692$402$30
41 years$2,941$1,828$1,096$639$365$25
42 years$2,839$1,741$1,028$589$331$21
43 years$2,742$1,659$965$544$300$18
44 years$2,650$1,581$906$502$272$15
45 years$2,561$1,508$850$464$247$13
46 years$2,477$1,439$799$429$225$11
47 years$2,397$1,373$750$396$204$9
48 years$2,321$1,311$705$366$185$7
49 years$2,247$1,252$663$338$168$6
50 years$2,177$1,195$623$313$153$5

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 $5,245 every year, while hoping to spend $26,739 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: 83/5/12 Blend
50$2,230,000$2,230,000$2,230,000$2,230,000
51$2,462,870$2,344,680$2,310,115$2,661,675
52$2,685,633$2,431,119$2,359,054$2,879,116
53$2,930,221$2,520,898$2,408,736$3,113,783
54$3,198,833$2,614,151$2,459,158$3,370,700
55$3,493,890$2,711,021$2,510,316$3,652,089
56$3,818,059$2,811,653$2,562,203$3,960,396
57$4,174,279$2,916,202$2,614,815$4,298,317
58$4,565,786$3,024,827$2,668,142$4,668,820
59$4,996,148$3,137,695$2,722,177$5,075,175
60$5,469,293$3,254,980$2,776,908$5,520,983
61$5,989,551$3,376,864$2,832,324$6,010,212
62$6,561,690$3,503,535$2,888,412$6,547,232
63$7,190,966$3,635,191$2,945,157$7,136,859
64$7,883,166$3,772,038$3,002,542$7,784,397
65$8,644,672$3,914,290$3,060,549$8,495,689
66$9,482,509$4,062,171$3,119,159$9,277,173
67$10,404,422$4,215,915$3,178,348$10,135,941
68$11,418,944$4,375,766$3,238,093$11,079,807
69$12,535,475$4,541,977$3,298,368$12,117,380
70$13,764,373$4,714,814$3,359,143$13,258,146
71$15,117,053$4,894,553$3,420,388$14,512,554
72$16,606,091$5,081,485$3,482,070$15,892,119
73$18,245,345$5,275,910$3,544,151$17,409,527
74$20,050,083$5,478,143$3,606,594$19,078,757
75$22,037,132$5,688,512$3,669,355$20,915,210
76$24,225,030$5,907,360$3,732,389$22,935,856
77$26,634,208$6,135,045$3,795,649$25,159,394
78$29,287,176$6,371,941$3,859,082$27,606,427
79$32,208,740$6,618,438$3,922,633$30,299,658
80$35,426,233$6,874,943$3,986,242$33,264,101
81$38,969,774$7,141,881$4,049,847$36,527,320
82$42,872,553$7,419,695$4,113,379$40,119,688
83$47,171,144$7,708,851$4,176,768$44,074,672
84$51,905,847$8,009,831$4,239,936$48,429,149
85$57,121,072$8,323,141$4,302,802$53,223,757
86$62,865,756$8,649,310$4,365,281$58,503,273
87$69,193,826$8,988,888$4,427,280$64,317,040
88$76,164,705$9,342,452$4,488,703$70,719,428
89$83,843,876$9,710,604$4,549,446$77,770,351
90$92,303,500$10,093,972$4,609,401$85,535,831
91$101,623,093$10,493,213$4,668,452$94,088,619
92$111,890,281$10,909,013$4,726,477$103,508,884
93$123,201,623$11,342,088$4,783,348$113,884,967
94$135,663,526$11,793,188$4,838,928$125,314,215
95$149,393,246$12,263,094$4,893,072$137,903,903
96$164,519,997$12,752,626$4,945,630$151,772,241
97$181,186,169$13,262,636$4,996,441$167,049,493
98$199,548,672$13,794,019$5,045,335$183,879,205
99$219,780,418$14,347,707$5,092,135$202,419,559
100$242,071,952$14,924,677$5,136,653$222,844,867