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%15.4%
1 years$186,629$184,966$183,344$181,761$180,216$176,217
2 years$92,390$90,670$89,002$87,385$85,817$81,809
3 years$60,982$59,254$57,590$55,989$54,446$50,554
4 years$45,281$43,558$41,911$40,337$38,831$35,085
5 years$35,862$34,150$32,525$30,982$29,519$25,930
6 years$29,585$27,886$26,285$24,777$23,357$19,928
7 years$25,104$23,419$21,843$20,370$18,996$15,728
8 years$21,744$20,074$18,524$17,088$15,759$12,650
9 years$19,132$17,478$15,955$14,555$13,271$10,320
10 years$17,044$15,406$13,910$12,547$11,308$8,511
11 years$15,337$13,715$12,246$10,920$9,725$7,079
12 years$13,915$12,310$10,868$9,578$8,427$5,928
13 years$12,713$11,125$9,710$8,456$7,349$4,991
14 years$11,683$10,112$8,724$7,506$6,442$4,222
15 years$10,792$9,237$7,877$6,694$5,672$3,584
16 years$10,013$8,475$7,142$5,994$5,013$3,052
17 years$9,326$7,805$6,499$5,385$4,445$2,605
18 years$8,716$7,212$5,932$4,853$3,952$2,229
19 years$8,171$6,684$5,431$4,385$3,523$1,911
20 years$7,681$6,211$4,984$3,972$3,146$1,640
21 years$7,238$5,786$4,584$3,605$2,816$1,410
22 years$6,836$5,401$4,225$3,278$2,524$1,213
23 years$6,470$5,051$3,901$2,985$2,266$1,045
24 years$6,135$4,733$3,608$2,722$2,036$901
25 years$5,827$4,441$3,342$2,486$1,832$777
26 years$5,543$4,174$3,099$2,273$1,651$671
27 years$5,280$3,928$2,878$2,081$1,488$580
28 years$5,037$3,702$2,675$1,906$1,343$501
29 years$4,811$3,492$2,490$1,748$1,213$433
30 years$4,600$3,298$2,319$1,604$1,096$374
31 years$4,404$3,118$2,162$1,474$991$324
32 years$4,220$2,950$2,017$1,354$896$280
33 years$4,047$2,794$1,883$1,245$811$242
34 years$3,885$2,648$1,760$1,146$734$210
35 years$3,733$2,511$1,645$1,055$665$182
36 years$3,589$2,384$1,539$971$602$157
37 years$3,454$2,264$1,441$895$546$136
38 years$3,326$2,152$1,349$825$495$118
39 years$3,205$2,046$1,264$761$449$102
40 years$3,090$1,946$1,185$702$407$88
41 years$2,981$1,853$1,111$647$369$77
42 years$2,877$1,765$1,042$597$335$66
43 years$2,779$1,681$978$551$304$57
44 years$2,685$1,603$918$509$276$50
45 years$2,596$1,528$862$470$251$43
46 years$2,511$1,458$809$434$228$37
47 years$2,430$1,391$760$401$207$32
48 years$2,352$1,328$715$371$188$28
49 years$2,278$1,268$672$343$170$24
50 years$2,207$1,212$631$317$155$21

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 $2,138 every year, while hoping to spend $46,435 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: 52/23/25 Blend
50$2,260,000$2,260,000$2,260,000$2,260,000
51$2,492,725$2,372,945$2,337,915$2,604,850
52$2,697,577$2,439,813$2,366,829$2,749,594
53$2,921,767$2,508,401$2,395,155$2,902,044
54$3,167,219$2,578,745$2,422,825$3,066,935
55$3,436,051$2,650,879$2,449,765$3,245,472
56$3,730,597$2,724,840$2,475,900$3,438,979
57$4,053,423$2,800,664$2,501,149$3,648,918
58$4,407,361$2,878,385$2,525,426$3,876,895
59$4,795,526$2,958,040$2,548,642$4,124,682
60$5,221,350$3,039,664$2,570,702$4,394,230
61$5,688,614$3,123,294$2,591,507$4,687,688
62$6,201,481$3,208,963$2,610,950$5,007,425
63$6,764,539$3,296,709$2,628,924$5,356,047
64$7,382,839$3,386,565$2,645,310$5,736,431
65$8,061,948$3,478,566$2,659,987$6,151,741
66$8,807,996$3,572,746$2,672,827$6,605,466
67$9,627,740$3,669,138$2,683,694$7,101,450
68$10,528,618$3,767,775$2,692,447$7,643,930
69$11,518,831$3,868,689$2,698,937$8,237,572
70$12,607,408$3,971,911$2,703,008$8,887,518
71$13,804,300$4,077,472$2,704,495$9,599,435
72$15,120,470$4,185,399$2,703,227$10,379,569
73$16,567,995$4,295,721$2,699,022$11,234,800
74$18,160,183$4,408,463$2,691,692$12,172,712
75$19,911,694$4,523,651$2,681,037$13,201,660
76$21,838,684$4,641,307$2,666,848$14,330,854
77$23,958,951$4,761,452$2,648,909$15,570,442
78$26,292,106$4,884,105$2,626,989$16,931,608
79$28,859,756$5,009,282$2,600,849$18,426,675
80$31,685,712$5,136,997$2,570,238$20,069,227
81$34,796,206$5,267,262$2,534,893$21,874,231
82$38,220,145$5,400,083$2,494,538$23,858,182
83$41,989,380$5,535,467$2,448,884$26,039,259
84$46,139,006$5,673,415$2,397,631$28,437,497
85$50,707,696$5,813,923$2,340,463$31,074,974
86$55,738,061$5,956,985$2,277,048$33,976,021
87$61,277,055$6,102,590$2,207,042$37,167,453
88$67,376,420$6,250,721$2,130,082$40,678,823
89$74,093,166$6,401,358$2,045,791$44,542,698
90$81,490,117$6,554,473$1,953,774$48,794,970
91$89,636,500$6,710,033$1,853,616$53,475,195
92$98,608,597$6,867,999$1,744,887$58,626,964
93$108,490,467$7,028,324$1,627,134$64,298,319
94$119,374,738$7,190,955$1,499,885$70,542,205
95$131,363,478$7,355,829$1,362,649$77,416,970
96$144,569,165$7,522,876$1,214,910$84,986,917
97$159,115,740$7,692,017$1,056,129$93,322,913
98$175,139,781$7,863,163$885,746$102,503,056
99$192,791,794$8,036,212$703,173$112,613,416
100$212,237,626$8,211,056$507,798$123,748,846