Can I retire at age 51 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$187,454$185,785$184,156$182,566$181,013$180,174
2 years$92,799$91,071$89,396$87,772$86,197$85,350
3 years$61,252$59,516$57,845$56,236$54,687$53,859
4 years$45,481$43,750$42,096$40,515$39,003$38,200
5 years$36,021$34,301$32,669$31,119$29,649$28,873
6 years$29,716$28,009$26,401$24,887$23,461$22,712
7 years$25,215$23,522$21,939$20,461$19,080$18,360
8 years$21,840$20,163$18,606$17,164$15,829$15,137
9 years$19,217$17,555$16,026$14,620$13,330$12,667
10 years$17,120$15,474$13,972$12,602$11,358$10,723
11 years$15,405$13,776$12,300$10,968$9,768$9,161
12 years$13,977$12,364$10,916$9,620$8,465$7,885
13 years$12,769$11,174$9,753$8,493$7,381$6,828
14 years$11,735$10,157$8,763$7,539$6,471$5,943
15 years$10,840$9,278$7,912$6,724$5,697$5,195
16 years$10,057$8,513$7,173$6,020$5,035$4,558
17 years$9,367$7,840$6,527$5,409$4,465$4,011
18 years$8,755$7,244$5,959$4,875$3,970$3,539
19 years$8,207$6,714$5,455$4,405$3,538$3,130
20 years$7,715$6,239$5,006$3,989$3,160$2,774
21 years$7,270$5,811$4,605$3,621$2,828$2,463
22 years$6,867$5,425$4,244$3,292$2,535$2,190
23 years$6,499$5,074$3,919$2,998$2,276$1,950
24 years$6,162$4,754$3,624$2,734$2,045$1,738
25 years$5,852$4,461$3,357$2,497$1,841$1,551
26 years$5,567$4,193$3,113$2,283$1,658$1,385
27 years$5,304$3,946$2,891$2,090$1,495$1,238
28 years$5,059$3,718$2,687$1,915$1,349$1,108
29 years$4,832$3,508$2,501$1,756$1,218$992
30 years$4,621$3,313$2,329$1,612$1,100$888
31 years$4,423$3,131$2,172$1,480$995$796
32 years$4,238$2,963$2,026$1,360$900$713
33 years$4,065$2,806$1,892$1,251$814$640
34 years$3,903$2,659$1,768$1,151$737$574
35 years$3,750$2,522$1,653$1,059$668$515
36 years$3,605$2,394$1,546$976$605$463
37 years$3,469$2,274$1,447$899$548$415
38 years$3,341$2,161$1,355$829$497$373
39 years$3,219$2,055$1,270$764$451$335
40 years$3,103$1,955$1,190$705$409$301
41 years$2,994$1,861$1,116$650$371$271
42 years$2,890$1,772$1,047$600$337$243
43 years$2,791$1,689$982$554$306$219
44 years$2,697$1,610$922$511$277$197
45 years$2,607$1,535$866$472$252$177
46 years$2,522$1,464$813$436$229$159
47 years$2,440$1,397$764$403$208$143
48 years$2,362$1,334$718$372$189$129
49 years$2,288$1,274$675$344$171$116
50 years$2,216$1,217$634$318$156$104

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,270,000, adding $6,045 every year, while hoping to spend $29,271 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: 63/24/13 Blend
50$2,270,000$2,270,000$2,270,000$2,270,000
51$2,507,775$2,387,465$2,352,280$2,657,656
52$2,732,424$2,473,307$2,399,938$2,844,640
53$2,979,007$2,562,374$2,448,210$3,044,820
54$3,249,728$2,654,793$2,497,088$3,262,687
55$3,547,019$2,750,697$2,546,560$3,499,960
56$3,873,558$2,850,224$2,596,612$3,758,530
57$4,232,292$2,953,516$2,647,230$4,040,480
58$4,626,472$3,060,725$2,698,399$4,348,101
59$5,059,677$3,172,005$2,750,100$4,683,915
60$5,535,850$3,287,519$2,802,313$5,050,698
61$6,059,335$3,407,435$2,855,019$5,451,505
62$6,634,918$3,531,931$2,908,194$5,889,701
63$7,267,873$3,661,189$2,961,812$6,368,990
64$7,964,010$3,795,401$3,015,846$6,893,450
65$8,729,730$3,934,766$3,070,267$7,467,571
66$9,572,084$4,079,492$3,125,044$8,096,298
67$10,498,844$4,229,795$3,180,140$8,785,075
68$11,518,572$4,385,900$3,235,520$9,539,898
69$12,640,701$4,548,043$3,291,144$10,367,371
70$13,875,624$4,716,470$3,346,970$11,274,766
71$15,234,795$4,891,434$3,402,951$12,270,092
72$16,730,833$5,073,204$3,459,039$13,362,172
73$18,377,643$5,262,055$3,515,181$14,560,721
74$20,190,546$5,458,279$3,571,323$15,876,443
75$22,186,424$5,662,177$3,627,405$17,321,125
76$24,383,880$5,874,064$3,683,363$18,907,754
77$26,803,410$6,094,268$3,739,131$20,650,635
78$29,467,603$6,323,132$3,794,637$22,565,525
79$32,401,346$6,561,013$3,849,804$24,669,783
80$35,632,065$6,808,284$3,904,554$26,982,533
81$39,189,979$7,065,333$3,958,800$29,524,841
82$43,108,388$7,332,566$4,012,451$32,319,916
83$47,423,988$7,610,406$4,065,412$35,393,329
84$52,177,213$7,899,294$4,117,582$38,773,249
85$57,412,620$8,199,691$4,168,853$42,490,712
86$63,179,309$8,512,078$4,219,111$46,579,912
87$69,531,384$8,836,955$4,268,237$51,078,521
88$76,528,466$9,174,847$4,316,103$56,028,047
89$84,236,254$9,526,299$4,362,577$61,474,223
90$92,727,146$9,891,881$4,407,517$67,467,435
91$102,080,920$10,272,189$4,450,775$74,063,201
92$112,385,492$10,667,844$4,492,194$81,322,692
93$123,737,737$11,079,494$4,531,607$89,313,307
94$136,244,413$11,507,816$4,568,843$98,109,310
95$150,023,161$11,953,516$4,603,717$107,792,528
96$165,203,618$12,417,333$4,636,036$118,453,124
97$181,928,642$12,900,037$4,665,598$130,190,445
98$200,355,657$13,402,433$4,692,189$143,113,959
99$220,658,142$13,925,360$4,715,586$157,344,287
100$243,027,266$14,469,697$4,735,551$173,014,338