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%19%
1 years$188,280$186,603$184,967$183,370$181,810$175,220
2 years$93,208$91,472$89,790$88,159$86,576$80,009
3 years$61,521$59,778$58,100$56,484$54,928$48,590
4 years$45,681$43,943$42,282$40,694$39,175$33,115
5 years$36,180$34,452$32,812$31,257$29,780$24,014
6 years$29,847$28,133$26,517$24,996$23,564$18,096
7 years$25,326$23,626$22,036$20,551$19,164$13,992
8 years$21,936$20,252$18,688$17,239$15,898$11,019
9 years$19,302$17,633$16,096$14,684$13,389$8,795
10 years$17,195$15,542$14,033$12,658$11,408$7,091
11 years$15,472$13,836$12,354$11,016$9,811$5,763
12 years$14,038$12,419$10,964$9,663$8,502$4,713
13 years$12,825$11,223$9,796$8,531$7,414$3,873
14 years$11,787$10,201$8,802$7,573$6,499$3,195
15 years$10,887$9,319$7,947$6,753$5,722$2,644
16 years$10,101$8,550$7,205$6,047$5,057$2,194
17 years$9,408$7,874$6,556$5,433$4,484$1,825
18 years$8,793$7,276$5,985$4,896$3,987$1,520
19 years$8,243$6,744$5,479$4,424$3,554$1,268
20 years$7,749$6,266$5,028$4,007$3,174$1,059
21 years$7,302$5,837$4,625$3,637$2,841$886
22 years$6,897$5,449$4,263$3,307$2,546$741
23 years$6,527$5,096$3,936$3,011$2,286$621
24 years$6,189$4,775$3,640$2,747$2,054$520
25 years$5,878$4,481$3,371$2,508$1,849$436
26 years$5,592$4,211$3,127$2,293$1,665$365
27 years$5,327$3,963$2,903$2,099$1,501$307
28 years$5,082$3,734$2,699$1,923$1,355$257
29 years$4,854$3,523$2,512$1,764$1,223$216
30 years$4,641$3,327$2,340$1,619$1,105$181
31 years$4,443$3,145$2,181$1,487$999$152
32 years$4,257$2,976$2,035$1,366$904$128
33 years$4,083$2,818$1,900$1,256$818$107
34 years$3,920$2,671$1,775$1,156$741$90
35 years$3,766$2,534$1,660$1,064$671$76
36 years$3,621$2,405$1,553$980$608$64
37 years$3,484$2,284$1,453$903$551$53
38 years$3,355$2,171$1,361$832$499$45
39 years$3,233$2,064$1,275$767$453$38
40 years$3,117$1,964$1,195$708$411$32
41 years$3,007$1,869$1,121$653$373$27
42 years$2,903$1,780$1,051$603$338$22
43 years$2,803$1,696$986$556$307$19
44 years$2,709$1,617$926$514$279$16
45 years$2,619$1,542$869$474$253$13
46 years$2,533$1,471$817$438$230$11
47 years$2,451$1,404$767$405$209$9
48 years$2,373$1,340$721$374$189$8
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 $4,213 every year, while hoping to spend $29,133 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: 46/44/10 Blend
50$2,280,000$2,280,000$2,280,000$2,280,000
51$2,516,906$2,396,066$2,360,726$2,625,467
52$2,742,633$2,482,476$2,408,813$2,787,284
53$2,990,408$2,572,143$2,457,534$2,959,379
54$3,262,448$2,665,197$2,506,881$3,145,404
55$3,561,198$2,761,772$2,556,842$3,346,659
56$3,889,349$2,862,008$2,607,404$3,564,573
57$4,249,866$2,966,049$2,658,556$3,800,714
58$4,646,015$3,074,049$2,710,280$4,056,805
59$5,081,396$3,186,164$2,762,562$4,334,744
60$5,559,972$3,302,560$2,815,381$4,636,614
61$6,086,111$3,423,408$2,868,719$4,964,705
62$6,664,626$3,548,886$2,922,552$5,321,538
63$7,300,818$3,679,182$2,976,858$5,709,884
64$8,000,529$3,814,488$3,031,610$6,132,791
65$8,770,193$3,955,008$3,086,779$6,593,611
66$9,616,901$4,100,953$3,142,334$7,096,033
67$10,548,467$4,252,541$3,198,244$7,644,115
68$11,573,497$4,410,002$3,254,472$8,242,324
69$12,701,476$4,573,575$3,310,980$8,895,574
70$13,942,856$4,743,509$3,367,726$9,609,272
71$15,309,149$4,920,063$3,424,667$10,389,371
72$16,813,044$5,103,508$3,481,756$11,242,423
73$18,468,521$5,294,127$3,538,941$12,175,640
74$20,290,984$5,492,212$3,596,169$13,196,960
75$22,297,407$5,698,073$3,653,383$14,315,125
76$24,506,491$5,912,028$3,710,520$15,539,755
77$26,938,847$6,134,411$3,767,517$16,881,447
78$29,617,184$6,365,571$3,824,302$18,351,864
79$32,566,523$6,605,871$3,880,803$19,963,852
80$35,814,439$6,855,689$3,936,941$21,731,556
81$39,391,316$7,115,422$3,992,633$23,670,552
82$43,330,635$7,385,482$4,047,790$25,797,993
83$47,669,288$7,666,299$4,102,319$28,132,770
84$52,447,929$7,958,322$4,156,121$30,695,689
85$57,711,358$8,262,020$4,209,091$33,509,665
86$63,508,940$8,577,882$4,261,119$36,599,937
87$69,895,072$8,906,418$4,312,087$39,994,303
88$76,929,699$9,248,162$4,361,871$43,723,384
89$84,678,875$9,603,669$4,410,341$47,820,908
90$93,215,391$9,973,520$4,457,358$52,324,027
91$102,619,459$10,358,320$4,502,777$57,273,668
92$112,979,469$10,758,703$4,546,446$62,714,913
93$124,392,824$11,175,328$4,588,201$68,697,426
94$136,966,859$11,608,886$4,627,872$75,275,919
95$150,819,853$12,060,096$4,665,281$82,510,664
96$166,082,148$12,529,711$4,700,237$90,468,060
97$182,897,374$13,018,514$4,732,543$99,221,260
98$201,423,812$13,527,327$4,761,988$108,850,856
99$221,835,879$14,057,004$4,788,354$119,445,636
100$244,325,783$14,608,442$4,811,408$131,103,424