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%
1 years$184,977$183,329$181,722$180,153$178,621$172,834
2 years$91,573$89,867$88,215$86,612$85,057$79,282
3 years$60,442$58,729$57,081$55,493$53,964$48,380
4 years$44,880$43,172$41,540$39,980$38,488$33,139
5 years$35,545$33,848$32,237$30,708$29,258$24,158
6 years$29,324$27,639$26,052$24,558$23,151$18,305
7 years$24,882$23,211$21,649$20,190$18,828$14,235
8 years$21,552$19,896$18,360$16,937$15,619$11,276
9 years$18,963$17,323$15,814$14,427$13,154$9,056
10 years$16,893$15,270$13,787$12,436$11,208$7,348
11 years$15,201$13,594$12,138$10,823$9,639$6,011
12 years$13,792$12,201$10,772$9,493$8,353$4,948
13 years$12,600$11,026$9,624$8,381$7,284$4,094
14 years$11,580$10,022$8,647$7,440$6,385$3,401
15 years$10,696$9,156$7,807$6,635$5,622$2,835
16 years$9,924$8,400$7,078$5,941$4,969$2,370
17 years$9,243$7,736$6,441$5,338$4,406$1,985
18 years$8,639$7,149$5,880$4,810$3,917$1,666
19 years$8,099$6,625$5,383$4,347$3,491$1,400
20 years$7,613$6,157$4,940$3,937$3,119$1,179
21 years$7,174$5,735$4,544$3,573$2,791$993
22 years$6,776$5,353$4,188$3,249$2,502$838
23 years$6,413$5,007$3,867$2,959$2,246$707
24 years$6,080$4,691$3,576$2,698$2,018$597
25 years$5,775$4,402$3,312$2,464$1,816$504
26 years$5,494$4,137$3,072$2,253$1,636$426
27 years$5,234$3,894$2,853$2,062$1,475$361
28 years$4,992$3,669$2,652$1,890$1,331$305
29 years$4,768$3,461$2,468$1,733$1,202$258
30 years$4,560$3,269$2,299$1,590$1,086$219
31 years$4,365$3,090$2,143$1,461$982$185
32 years$4,182$2,924$1,999$1,342$888$157
33 years$4,012$2,769$1,867$1,234$804$133
34 years$3,851$2,624$1,744$1,136$728$112
35 years$3,700$2,489$1,631$1,045$659$95
36 years$3,558$2,363$1,526$963$597$81
37 years$3,423$2,244$1,428$887$541$68
38 years$3,296$2,132$1,337$818$491$58
39 years$3,176$2,028$1,253$754$445$49
40 years$3,062$1,929$1,174$695$404$42
41 years$2,954$1,836$1,101$642$366$35
42 years$2,852$1,749$1,033$592$332$30
43 years$2,754$1,666$969$547$302$25
44 years$2,661$1,588$910$505$274$21
45 years$2,573$1,515$854$466$248$18
46 years$2,489$1,445$802$431$226$15
47 years$2,408$1,379$754$398$205$13
48 years$2,331$1,316$708$368$186$11
49 years$2,257$1,257$666$340$169$9
50 years$2,187$1,201$626$314$153$8

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 $3,591 every year, while hoping to spend $33,545 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: 63/14/23 Blend
50$2,240,000$2,240,000$2,240,000$2,240,000
51$2,472,184$2,353,464$2,318,744$2,612,853
52$2,688,655$2,433,092$2,360,730$2,787,921
53$2,926,082$2,515,498$2,402,999$2,974,995
54$3,186,567$2,600,782$2,445,524$3,178,563
55$3,472,425$2,689,048$2,488,277$3,400,243
56$3,786,207$2,780,406$2,531,229$3,641,813
57$4,130,721$2,874,967$2,574,346$3,905,232
58$4,509,063$2,972,849$2,617,595$4,192,659
59$4,924,642$3,074,173$2,660,939$4,506,469
60$5,381,213$3,179,065$2,704,338$4,849,279
61$5,882,913$3,287,656$2,747,750$5,223,970
62$6,434,301$3,400,081$2,791,130$5,633,716
63$7,040,397$3,516,482$2,834,430$6,082,012
64$7,706,733$3,637,006$2,877,599$6,572,709
65$8,439,404$3,761,804$2,920,584$7,110,047
66$9,245,126$3,891,034$2,963,325$7,698,699
67$10,131,295$4,024,861$3,005,763$8,343,809
68$11,106,063$4,163,456$3,047,832$9,051,047
69$12,178,411$4,306,995$3,089,464$9,826,657
70$13,358,234$4,455,662$3,130,586$10,677,519
71$14,656,434$4,609,649$3,171,120$11,611,212
72$16,085,023$4,769,155$3,210,986$12,636,085
73$17,657,238$4,934,387$3,250,097$13,761,339
74$19,387,663$5,105,558$3,288,361$14,997,107
75$21,292,366$5,282,892$3,325,683$16,354,557
76$23,389,055$5,466,621$3,361,961$17,845,991
77$25,697,240$5,656,987$3,397,088$19,484,964
78$28,238,418$5,854,238$3,430,950$21,286,412
79$31,036,278$6,058,638$3,463,428$23,266,792
80$34,116,922$6,270,455$3,494,397$25,444,233
81$37,509,113$6,489,972$3,523,724$27,838,716
82$41,244,543$6,717,482$3,551,270$30,472,254
83$45,358,137$6,953,289$3,576,888$33,369,103
84$49,888,377$7,197,710$3,600,423$36,555,989
85$54,877,668$7,451,074$3,621,714$40,062,364
86$60,372,739$7,713,725$3,640,590$43,920,677
87$66,425,079$7,986,018$3,656,871$48,166,688
88$73,091,429$8,268,325$3,670,368$52,839,799
89$80,434,313$8,561,031$3,680,883$57,983,426
90$88,522,629$8,864,538$3,688,209$63,645,414
91$97,432,300$9,179,263$3,692,127$69,878,482
92$107,246,988$9,505,641$3,692,407$76,740,724
93$118,058,888$9,844,125$3,688,810$84,296,154
94$129,969,592$10,195,184$3,681,082$92,615,315
95$143,091,051$10,559,309$3,668,959$101,775,940
96$157,546,634$10,937,010$3,652,164$111,863,685
97$173,472,284$11,328,818$3,630,406$122,972,943
98$191,017,812$11,735,285$3,603,379$135,207,728
99$210,348,301$12,156,986$3,570,765$148,682,661
100$231,645,671$12,594,521$3,532,228$163,524,050