Can I retire at age 51 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$184,977$183,329$181,722$180,153$178,621$172,215
2 years$91,573$89,867$88,215$86,612$85,057$78,673
3 years$60,442$58,729$57,081$55,493$53,964$47,801
4 years$44,880$43,172$41,540$39,980$38,488$32,594
5 years$35,545$33,848$32,237$30,708$29,258$23,649
6 years$29,324$27,639$26,052$24,558$23,151$17,830
7 years$24,882$23,211$21,649$20,190$18,828$13,795
8 years$21,552$19,896$18,360$16,937$15,619$10,870
9 years$18,963$17,323$15,814$14,427$13,154$8,681
10 years$16,893$15,270$13,787$12,436$11,208$7,004
11 years$15,201$13,594$12,138$10,823$9,639$5,696
12 years$13,792$12,201$10,772$9,493$8,353$4,661
13 years$12,600$11,026$9,624$8,381$7,284$3,833
14 years$11,580$10,022$8,647$7,440$6,385$3,164
15 years$10,696$9,156$7,807$6,635$5,622$2,621
16 years$9,924$8,400$7,078$5,941$4,969$2,176
17 years$9,243$7,736$6,441$5,338$4,406$1,811
18 years$8,639$7,149$5,880$4,810$3,917$1,510
19 years$8,099$6,625$5,383$4,347$3,491$1,261
20 years$7,613$6,157$4,940$3,937$3,119$1,054
21 years$7,174$5,735$4,544$3,573$2,791$882
22 years$6,776$5,353$4,188$3,249$2,502$738
23 years$6,413$5,007$3,867$2,959$2,246$619
24 years$6,080$4,691$3,576$2,698$2,018$519
25 years$5,775$4,402$3,312$2,464$1,816$435
26 years$5,494$4,137$3,072$2,253$1,636$365
27 years$5,234$3,894$2,853$2,062$1,475$307
28 years$4,992$3,669$2,652$1,890$1,331$258
29 years$4,768$3,461$2,468$1,733$1,202$216
30 years$4,560$3,269$2,299$1,590$1,086$182
31 years$4,365$3,090$2,143$1,461$982$153
32 years$4,182$2,924$1,999$1,342$888$128
33 years$4,012$2,769$1,867$1,234$804$108
34 years$3,851$2,624$1,744$1,136$728$91
35 years$3,700$2,489$1,631$1,045$659$76
36 years$3,558$2,363$1,526$963$597$64
37 years$3,423$2,244$1,428$887$541$54
38 years$3,296$2,132$1,337$818$491$45
39 years$3,176$2,028$1,253$754$445$38
40 years$3,062$1,929$1,174$695$404$32
41 years$2,954$1,836$1,101$642$366$27
42 years$2,852$1,749$1,033$592$332$23
43 years$2,754$1,666$969$547$302$19
44 years$2,661$1,588$910$505$274$16
45 years$2,573$1,515$854$466$248$13
46 years$2,489$1,445$802$431$226$11
47 years$2,408$1,379$754$398$205$10
48 years$2,331$1,316$708$368$186$8
49 years$2,257$1,257$666$340$169$7
50 years$2,187$1,201$626$314$153$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,240,000, adding $3,151 every year, while hoping to spend $21,135 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: 70/22/8 Blend
50$2,240,000$2,240,000$2,240,000$2,240,000
51$2,471,730$2,353,010$2,318,290$2,641,121
52$2,701,359$2,445,820$2,373,466$2,846,421
53$2,953,702$2,542,470$2,429,781$3,068,100
54$3,231,053$2,643,124$2,487,252$3,310,091
55$3,535,940$2,747,957$2,545,895$3,574,387
56$3,871,149$2,857,149$2,605,725$3,863,179
57$4,239,746$2,970,890$2,666,757$4,178,878
58$4,645,114$3,089,377$2,729,006$4,524,140
59$5,090,976$3,212,817$2,792,488$4,901,886
60$5,581,435$3,341,425$2,857,217$5,315,333
61$6,121,013$3,475,426$2,923,205$5,768,022
62$6,714,693$3,615,058$2,990,468$6,263,851
63$7,367,961$3,760,566$3,059,019$6,807,112
64$8,086,866$3,912,207$3,128,870$7,402,531
65$8,878,072$4,070,251$3,200,032$8,055,312
66$9,748,921$4,234,979$3,272,519$8,771,184
67$10,707,503$4,406,685$3,346,340$9,556,457
68$11,762,733$4,585,676$3,421,507$10,418,079
69$12,924,432$4,772,275$3,498,028$11,363,703
70$14,203,425$4,966,817$3,575,913$12,401,755
71$15,611,637$5,169,654$3,655,168$13,541,519
72$17,162,209$5,381,152$3,735,802$14,793,215
73$18,869,623$5,601,697$3,817,820$16,168,105
74$20,749,835$5,831,690$3,901,227$17,678,589
75$22,820,426$6,071,551$3,986,026$19,338,329
76$25,100,773$6,321,720$4,072,221$21,162,371
77$27,612,223$6,582,656$4,159,812$23,167,291
78$30,378,304$6,854,840$4,248,799$25,371,348
79$33,424,938$7,138,774$4,339,181$27,794,655
80$36,780,692$7,434,985$4,430,954$30,459,370
81$40,477,045$7,744,022$4,524,114$33,389,902
82$44,548,685$8,066,460$4,618,653$36,613,142
83$49,033,836$8,402,902$4,714,563$40,158,714
84$53,974,619$8,753,976$4,811,833$44,059,255
85$59,417,452$9,120,343$4,910,451$48,350,722
86$65,413,482$9,502,690$5,010,401$53,072,729
87$72,019,075$9,901,738$5,111,667$58,268,920
88$79,296,340$10,318,243$5,214,227$63,987,381
89$87,313,722$10,752,993$5,318,060$70,281,090
90$96,146,647$11,206,814$5,423,140$77,208,418
91$105,878,227$11,680,571$5,529,437$84,833,677
92$116,600,055$12,175,167$5,636,922$93,227,726
93$128,413,059$12,691,549$5,745,558$102,468,638
94$141,428,464$13,230,708$5,855,307$112,642,437
95$155,768,835$13,793,680$5,966,126$123,843,905
96$171,569,235$14,381,549$6,077,970$136,177,477
97$188,978,503$14,995,451$6,190,789$149,758,226
98$208,160,656$15,636,574$6,304,526$164,712,944
99$229,296,439$16,306,163$6,419,124$181,181,340
100$252,585,029$17,005,518$6,534,518$199,317,355