Can I retire at age 51 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$188,280$186,603$184,967$183,370$181,810$175,429
2 years$93,208$91,472$89,790$88,159$86,576$80,215
3 years$61,521$59,778$58,100$56,484$54,928$48,785
4 years$45,681$43,943$42,282$40,694$39,175$33,298
5 years$36,180$34,452$32,812$31,257$29,780$24,185
6 years$29,847$28,133$26,517$24,996$23,564$18,255
7 years$25,326$23,626$22,036$20,551$19,164$14,139
8 years$21,936$20,252$18,688$17,239$15,898$11,154
9 years$19,302$17,633$16,096$14,684$13,389$8,919
10 years$17,195$15,542$14,033$12,658$11,408$7,206
11 years$15,472$13,836$12,354$11,016$9,811$5,867
12 years$14,038$12,419$10,964$9,663$8,502$4,808
13 years$12,825$11,223$9,796$8,531$7,414$3,959
14 years$11,787$10,201$8,802$7,573$6,499$3,273
15 years$10,887$9,319$7,947$6,753$5,722$2,715
16 years$10,101$8,550$7,205$6,047$5,057$2,258
17 years$9,408$7,874$6,556$5,433$4,484$1,881
18 years$8,793$7,276$5,985$4,896$3,987$1,571
19 years$8,243$6,744$5,479$4,424$3,554$1,313
20 years$7,749$6,266$5,028$4,007$3,174$1,100
21 years$7,302$5,837$4,625$3,637$2,841$922
22 years$6,897$5,449$4,263$3,307$2,546$773
23 years$6,527$5,096$3,936$3,011$2,286$649
24 years$6,189$4,775$3,640$2,747$2,054$545
25 years$5,878$4,481$3,371$2,508$1,849$458
26 years$5,592$4,211$3,127$2,293$1,665$385
27 years$5,327$3,963$2,903$2,099$1,501$324
28 years$5,082$3,734$2,699$1,923$1,355$272
29 years$4,854$3,523$2,512$1,764$1,223$229
30 years$4,641$3,327$2,340$1,619$1,105$193
31 years$4,443$3,145$2,181$1,487$999$162
32 years$4,257$2,976$2,035$1,366$904$137
33 years$4,083$2,818$1,900$1,256$818$115
34 years$3,920$2,671$1,775$1,156$741$97
35 years$3,766$2,534$1,660$1,064$671$82
36 years$3,621$2,405$1,553$980$608$69
37 years$3,484$2,284$1,453$903$551$58
38 years$3,355$2,171$1,361$832$499$49
39 years$3,233$2,064$1,275$767$453$41
40 years$3,117$1,964$1,195$708$411$35
41 years$3,007$1,869$1,121$653$373$29
42 years$2,903$1,780$1,051$603$338$25
43 years$2,803$1,696$986$556$307$21
44 years$2,709$1,617$926$514$279$17
45 years$2,619$1,542$869$474$253$15
46 years$2,533$1,471$817$438$230$12
47 years$2,451$1,404$767$405$209$10
48 years$2,373$1,340$721$374$189$9
49 years$2,298$1,280$678$346$172$7
50 years$2,226$1,222$637$320$156$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,280,000, adding $2,371 every year, while hoping to spend $34,293 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: 60/31/9 Blend
50$2,280,000$2,280,000$2,280,000$2,280,000
51$2,515,006$2,394,166$2,358,826$2,660,692
52$2,735,049$2,474,992$2,401,359$2,839,517
53$2,976,387$2,558,630$2,444,168$3,030,361
54$3,241,156$2,645,181$2,487,225$3,237,671
55$3,531,709$2,734,749$2,530,501$3,463,033
56$3,850,636$2,827,445$2,573,967$3,708,195
57$4,200,793$2,923,382$2,617,587$3,975,077
58$4,585,324$3,022,678$2,661,326$4,265,794
59$5,007,693$3,125,454$2,705,146$4,582,672
60$5,471,715$3,231,839$2,749,005$4,928,271
61$5,981,594$3,341,964$2,792,862$5,305,411
62$6,541,962$3,455,965$2,836,667$5,717,194
63$7,157,920$3,573,985$2,880,374$6,167,034
64$7,835,088$3,696,171$2,923,927$6,658,691
65$8,579,661$3,822,677$2,967,272$7,196,305
66$9,398,460$3,953,662$3,010,349$7,784,433
67$10,299,002$4,089,291$3,053,095$8,428,094
68$11,289,569$4,229,735$3,095,443$9,132,812
69$12,379,286$4,375,173$3,137,321$9,904,673
70$13,578,207$4,525,790$3,178,656$10,750,379
71$14,897,410$4,681,779$3,219,366$11,677,307
72$16,349,099$4,843,340$3,259,368$12,693,587
73$17,946,723$5,010,680$3,298,573$13,808,170
74$19,705,101$5,184,015$3,336,887$15,030,915
75$21,640,559$5,363,569$3,374,210$16,372,681
76$23,771,088$5,549,576$3,410,438$17,845,431
77$26,116,511$5,742,278$3,445,461$19,462,339
78$28,698,673$5,941,927$3,479,161$21,237,921
79$31,541,640$6,148,784$3,511,415$23,188,163
80$34,671,935$6,363,122$3,542,095$25,330,679
81$38,118,780$6,585,223$3,571,064$27,684,871
82$41,914,379$6,815,382$3,598,178$30,272,112
83$46,094,215$7,053,905$3,623,285$33,115,952
84$50,697,387$7,301,109$3,646,228$36,242,330
85$55,766,983$7,557,325$3,666,839$39,679,829
86$61,350,479$7,822,898$3,684,942$43,459,936
87$67,500,192$8,098,184$3,700,351$47,617,342
88$74,273,773$8,383,556$3,712,874$52,190,269
89$81,734,748$8,679,402$3,722,307$57,220,828
90$89,953,123$8,986,122$3,728,434$62,755,417
91$99,006,036$9,304,137$3,731,032$68,845,157
92$108,978,494$9,633,882$3,729,864$75,546,373
93$119,964,169$9,975,811$3,724,682$82,921,127
94$132,066,284$10,330,395$3,715,229$91,037,799
95$145,398,586$10,698,126$3,701,230$99,971,733
96$160,086,421$11,079,513$3,682,401$109,805,948
97$176,267,917$11,475,090$3,658,442$120,631,919
98$194,095,285$11,885,410$3,629,040$132,550,440
99$213,736,257$12,311,049$3,593,866$145,672,573
100$235,375,671$12,752,606$3,552,577$160,120,695