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%18.1%
1 years$188,280$186,603$184,967$183,370$181,810$175,850
2 years$93,208$91,472$89,790$88,159$86,576$80,628
3 years$61,521$59,778$58,100$56,484$54,928$49,178
4 years$45,681$43,943$42,282$40,694$39,175$33,669
5 years$36,180$34,452$32,812$31,257$29,780$24,531
6 years$29,847$28,133$26,517$24,996$23,564$18,577
7 years$25,326$23,626$22,036$20,551$19,164$14,439
8 years$21,936$20,252$18,688$17,239$15,898$11,431
9 years$19,302$17,633$16,096$14,684$13,389$9,174
10 years$17,195$15,542$14,033$12,658$11,408$7,439
11 years$15,472$13,836$12,354$11,016$9,811$6,081
12 years$14,038$12,419$10,964$9,663$8,502$5,003
13 years$12,825$11,223$9,796$8,531$7,414$4,137
14 years$11,787$10,201$8,802$7,573$6,499$3,434
15 years$10,887$9,319$7,947$6,753$5,722$2,861
16 years$10,101$8,550$7,205$6,047$5,057$2,389
17 years$9,408$7,874$6,556$5,433$4,484$2,000
18 years$8,793$7,276$5,985$4,896$3,987$1,677
19 years$8,243$6,744$5,479$4,424$3,554$1,409
20 years$7,749$6,266$5,028$4,007$3,174$1,185
21 years$7,302$5,837$4,625$3,637$2,841$998
22 years$6,897$5,449$4,263$3,307$2,546$841
23 years$6,527$5,096$3,936$3,011$2,286$709
24 years$6,189$4,775$3,640$2,747$2,054$598
25 years$5,878$4,481$3,371$2,508$1,849$505
26 years$5,592$4,211$3,127$2,293$1,665$427
27 years$5,327$3,963$2,903$2,099$1,501$361
28 years$5,082$3,734$2,699$1,923$1,355$305
29 years$4,854$3,523$2,512$1,764$1,223$258
30 years$4,641$3,327$2,340$1,619$1,105$218
31 years$4,443$3,145$2,181$1,487$999$184
32 years$4,257$2,976$2,035$1,366$904$156
33 years$4,083$2,818$1,900$1,256$818$132
34 years$3,920$2,671$1,775$1,156$741$112
35 years$3,766$2,534$1,660$1,064$671$94
36 years$3,621$2,405$1,553$980$608$80
37 years$3,484$2,284$1,453$903$551$68
38 years$3,355$2,171$1,361$832$499$57
39 years$3,233$2,064$1,275$767$453$48
40 years$3,117$1,964$1,195$708$411$41
41 years$3,007$1,869$1,121$653$373$35
42 years$2,903$1,780$1,051$603$338$29
43 years$2,803$1,696$986$556$307$25
44 years$2,709$1,617$926$514$279$21
45 years$2,619$1,542$869$474$253$18
46 years$2,533$1,471$817$438$230$15
47 years$2,451$1,404$767$405$209$13
48 years$2,373$1,340$721$374$189$11
49 years$2,298$1,280$678$346$172$9
50 years$2,226$1,222$637$320$156$8

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 $6,015 every year, while hoping to spend $38,279 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: 65/16/19 Blend
50$2,280,000$2,280,000$2,280,000$2,280,000
51$2,518,764$2,397,924$2,362,584$2,670,088
52$2,734,950$2,474,694$2,401,002$2,849,149
53$2,971,903$2,553,943$2,439,425$3,039,828
54$3,231,703$2,635,751$2,477,810$3,247,297
55$3,516,636$2,720,203$2,516,117$3,473,201
56$3,829,225$2,807,385$2,554,299$3,719,352
57$4,172,246$2,897,386$2,592,308$3,987,744
58$4,548,756$2,990,300$2,630,092$4,280,573
59$4,962,126$3,086,221$2,667,596$4,600,258
60$5,416,065$3,185,248$2,704,762$4,949,462
61$5,914,661$3,287,483$2,741,530$5,331,118
62$6,462,418$3,393,031$2,777,833$5,748,457
63$7,064,297$3,502,002$2,813,603$6,205,037
64$7,725,764$3,614,508$2,848,766$6,704,779
65$8,452,838$3,730,665$2,883,246$7,251,998
66$9,252,154$3,850,594$2,916,961$7,851,452
67$10,131,019$3,974,419$2,949,826$8,508,379
68$11,097,486$4,102,269$2,981,748$9,228,551
69$12,160,426$4,234,276$3,012,632$10,018,324
70$13,329,611$4,370,577$3,042,377$10,884,705
71$14,615,811$4,511,316$3,070,877$11,835,408
72$16,030,891$4,656,637$3,098,018$12,878,937
73$17,587,924$4,806,694$3,123,684$14,024,657
74$19,301,313$4,961,643$3,147,748$15,282,887
75$21,186,930$5,121,646$3,170,080$16,664,999
76$23,262,261$5,286,872$3,190,543$18,183,519
77$25,546,576$5,457,492$3,208,990$19,852,250
78$28,061,105$5,633,687$3,225,269$21,686,401
79$30,829,242$5,815,643$3,239,220$23,702,728
80$33,876,765$6,003,550$3,250,674$25,919,695
81$37,232,078$6,197,607$3,259,455$28,357,647
82$40,926,480$6,398,019$3,265,377$31,039,001
83$44,994,458$6,604,999$3,268,243$33,988,457
84$49,474,013$6,818,765$3,267,850$37,233,234
85$54,407,022$7,039,544$3,263,983$40,803,324
86$59,839,628$7,267,571$3,256,416$44,731,773
87$65,822,678$7,503,089$3,244,913$49,054,998
88$72,412,199$7,746,349$3,229,226$53,813,126
89$79,669,933$7,997,610$3,209,095$59,050,376
90$87,663,915$8,257,141$3,184,248$64,815,470
91$96,469,113$8,525,220$3,154,400$71,162,103
92$106,168,141$8,802,135$3,119,251$78,149,438
93$116,852,034$9,088,182$3,078,488$85,842,674
94$128,621,109$9,383,670$3,031,785$94,313,654
95$141,585,910$9,688,918$2,978,797$103,641,549
96$155,868,252$10,004,254$2,919,166$113,913,599
97$171,602,371$10,330,019$2,852,516$125,225,941
98$188,936,190$10,666,568$2,778,452$137,684,516
99$208,032,716$11,014,264$2,696,565$151,406,065
100$229,071,575$11,373,486$2,606,422$166,519,235