Can I retire at age 51 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$186,629$184,966$183,344$181,761$180,216$173,545
2 years$92,390$90,670$89,002$87,385$85,817$79,172
3 years$60,982$59,254$57,590$55,989$54,446$48,035
4 years$45,281$43,558$41,911$40,337$38,831$32,704
5 years$35,862$34,150$32,525$30,982$29,519$23,691
6 years$29,585$27,886$26,285$24,777$23,357$17,833
7 years$25,104$23,419$21,843$20,370$18,996$13,773
8 years$21,744$20,074$18,524$17,088$15,759$10,833
9 years$19,132$17,478$15,955$14,555$13,271$8,636
10 years$17,044$15,406$13,910$12,547$11,308$6,955
11 years$15,337$13,715$12,246$10,920$9,725$5,645
12 years$13,915$12,310$10,868$9,578$8,427$4,610
13 years$12,713$11,125$9,710$8,456$7,349$3,783
14 years$11,683$10,112$8,724$7,506$6,442$3,117
15 years$10,792$9,237$7,877$6,694$5,672$2,576
16 years$10,013$8,475$7,142$5,994$5,013$2,134
17 years$9,326$7,805$6,499$5,385$4,445$1,772
18 years$8,716$7,212$5,932$4,853$3,952$1,474
19 years$8,171$6,684$5,431$4,385$3,523$1,228
20 years$7,681$6,211$4,984$3,972$3,146$1,024
21 years$7,238$5,786$4,584$3,605$2,816$855
22 years$6,836$5,401$4,225$3,278$2,524$714
23 years$6,470$5,051$3,901$2,985$2,266$597
24 years$6,135$4,733$3,608$2,722$2,036$500
25 years$5,827$4,441$3,342$2,486$1,832$418
26 years$5,543$4,174$3,099$2,273$1,651$350
27 years$5,280$3,928$2,878$2,081$1,488$293
28 years$5,037$3,702$2,675$1,906$1,343$246
29 years$4,811$3,492$2,490$1,748$1,213$206
30 years$4,600$3,298$2,319$1,604$1,096$172
31 years$4,404$3,118$2,162$1,474$991$145
32 years$4,220$2,950$2,017$1,354$896$121
33 years$4,047$2,794$1,883$1,245$811$102
34 years$3,885$2,648$1,760$1,146$734$85
35 years$3,733$2,511$1,645$1,055$665$71
36 years$3,589$2,384$1,539$971$602$60
37 years$3,454$2,264$1,441$895$546$50
38 years$3,326$2,152$1,349$825$495$42
39 years$3,205$2,046$1,264$761$449$35
40 years$3,090$1,946$1,185$702$407$30
41 years$2,981$1,853$1,111$647$369$25
42 years$2,877$1,765$1,042$597$335$21
43 years$2,779$1,681$978$551$304$18
44 years$2,685$1,603$918$509$276$15
45 years$2,596$1,528$862$470$251$12
46 years$2,511$1,458$809$434$228$10
47 years$2,430$1,391$760$401$207$9
48 years$2,352$1,328$715$371$188$7
49 years$2,278$1,268$672$343$170$6
50 years$2,207$1,212$631$317$155$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,260,000, adding $2,602 every year, while hoping to spend $22,798 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: 43/50/7 Blend
50$2,260,000$2,260,000$2,260,000$2,260,000
51$2,493,204$2,373,424$2,338,394$2,595,272
52$2,723,254$2,465,465$2,392,473$2,758,376
53$2,976,005$2,561,252$2,447,600$2,932,427
54$3,253,748$2,660,944$2,503,786$3,120,447
55$3,559,008$2,764,708$2,561,040$3,323,722
56$3,894,566$2,872,718$2,619,374$3,543,660
57$4,263,486$2,985,155$2,678,798$3,781,810
58$4,669,144$3,102,210$2,739,319$4,039,872
59$5,115,258$3,224,080$2,800,948$4,319,712
60$5,605,927$3,350,972$2,863,692$4,623,381
61$6,145,665$3,483,103$2,927,559$4,953,133
62$6,739,445$3,620,698$2,992,555$5,311,444
63$7,392,750$3,763,993$3,058,687$5,701,036
64$8,111,616$3,913,235$3,125,959$6,124,898
65$8,902,699$4,068,681$3,194,376$6,586,320
66$9,773,328$4,230,600$3,263,942$7,088,916
67$10,731,582$4,399,274$3,334,658$7,636,664
68$11,786,361$4,574,996$3,406,527$8,233,933
69$12,947,473$4,758,074$3,479,549$8,885,533
70$14,225,723$4,948,828$3,553,722$9,596,753
71$15,633,020$5,147,593$3,629,044$10,373,410
72$17,182,484$5,354,721$3,705,513$11,221,907
73$18,888,572$5,570,577$3,783,122$12,149,286
74$20,767,215$5,795,544$3,861,866$13,163,295
75$22,835,969$6,030,023$3,941,736$14,272,464
76$25,114,175$6,274,433$4,022,722$15,486,177
77$27,623,151$6,529,210$4,104,813$16,814,763
78$30,386,383$6,794,811$4,187,995$18,269,592
79$33,429,753$7,071,716$4,272,252$19,863,176
80$36,781,782$7,360,424$4,357,566$21,609,293
81$40,473,897$7,661,458$4,443,918$23,523,107
82$44,540,729$7,975,364$4,531,284$25,621,313
83$49,020,441$8,302,714$4,619,639$27,922,293
84$53,955,084$8,644,106$4,708,956$30,446,287
85$59,391,001$9,000,165$4,799,203$33,215,577
86$65,379,254$9,371,544$4,890,348$36,254,703
87$71,976,115$9,758,928$4,982,352$39,590,686
88$79,243,595$10,163,031$5,075,177$43,253,281
89$87,250,023$10,584,601$5,168,777$47,275,258
90$96,070,700$11,024,421$5,263,106$51,692,704
91$105,788,603$11,483,309$5,358,111$56,545,365
92$116,495,171$11,962,122$5,453,738$61,877,015
93$128,291,167$12,461,754$5,549,927$67,735,869
94$141,287,630$12,983,144$5,646,613$74,175,029
95$155,606,920$13,527,270$5,743,727$81,252,987
96$171,383,879$14,095,160$5,841,195$89,034,171
97$188,767,097$14,687,885$5,938,937$97,589,549
98$207,920,318$15,306,568$6,036,868$106,997,297
99$229,023,985$15,952,385$6,134,898$117,343,528
100$252,276,944$16,626,564$6,232,930$128,723,107