Can I retire at age 51 with 2,290,000?

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 $2,290,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$189,106$187,422$185,778$184,174$182,608$181,305
2 years$93,617$91,873$90,184$88,545$86,956$85,642
3 years$61,791$60,040$58,355$56,732$55,169$53,885
4 years$45,882$44,136$42,467$40,872$39,347$38,102
5 years$36,338$34,603$32,956$31,394$29,911$28,710
6 years$29,978$28,256$26,634$25,106$23,667$22,511
7 years$25,437$23,729$22,133$20,641$19,248$18,137
8 years$22,033$20,340$18,770$17,315$15,968$14,903
9 years$19,386$17,710$16,167$14,749$13,447$12,427
10 years$17,270$15,611$14,095$12,713$11,458$10,482
11 years$15,540$13,897$12,409$11,065$9,854$8,923
12 years$14,100$12,473$11,012$9,705$8,539$7,651
13 years$12,882$11,272$9,839$8,568$7,446$6,600
14 years$11,838$10,246$8,840$7,606$6,528$5,722
15 years$10,935$9,360$7,982$6,783$5,747$4,982
16 years$10,146$8,588$7,236$6,073$5,080$4,353
17 years$9,450$7,909$6,585$5,457$4,504$3,815
18 years$8,832$7,308$6,011$4,918$4,005$3,352
19 years$8,279$6,773$5,503$4,444$3,569$2,952
20 years$7,783$6,294$5,050$4,025$3,188$2,605
21 years$7,334$5,863$4,645$3,653$2,853$2,303
22 years$6,927$5,472$4,281$3,321$2,557$2,038
23 years$6,556$5,118$3,953$3,025$2,296$1,807
24 years$6,216$4,796$3,656$2,759$2,063$1,603
25 years$5,904$4,500$3,386$2,519$1,857$1,424
26 years$5,616$4,230$3,140$2,303$1,673$1,266
27 years$5,350$3,981$2,916$2,108$1,508$1,126
28 years$5,104$3,751$2,711$1,932$1,361$1,003
29 years$4,875$3,539$2,523$1,771$1,229$893
30 years$4,661$3,342$2,350$1,626$1,110$796
31 years$4,462$3,159$2,191$1,493$1,004$710
32 years$4,276$2,989$2,044$1,372$908$633
33 years$4,101$2,831$1,908$1,262$822$565
34 years$3,937$2,683$1,783$1,161$744$505
35 years$3,783$2,545$1,667$1,069$674$451
36 years$3,637$2,415$1,560$984$610$403
37 years$3,500$2,294$1,460$907$553$360
38 years$3,370$2,180$1,367$836$502$321
39 years$3,247$2,073$1,281$771$455$287
40 years$3,131$1,972$1,200$711$413$257
41 years$3,020$1,877$1,126$656$374$230
42 years$2,916$1,788$1,056$605$340$205
43 years$2,816$1,704$991$559$308$184
44 years$2,721$1,624$930$516$280$164
45 years$2,630$1,549$873$477$254$147
46 years$2,544$1,477$820$440$231$131
47 years$2,462$1,410$771$407$209$118
48 years$2,383$1,346$724$376$190$105
49 years$2,308$1,285$681$347$173$94
50 years$2,236$1,228$640$321$157$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,290,000, adding $2,094 every year, while hoping to spend $36,658 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: 34/41/25 Blend
50$2,290,000$2,290,000$2,290,000$2,290,000
51$2,525,740$2,404,370$2,368,875$2,592,361
52$2,744,362$2,483,180$2,409,228$2,721,196
53$2,984,054$2,564,624$2,449,705$2,856,567
54$3,246,928$2,648,790$2,490,271$3,001,821
55$3,535,307$2,735,774$2,530,888$3,157,859
56$3,851,753$2,825,672$2,571,517$3,325,672
57$4,199,086$2,918,583$2,612,116$3,506,349
58$4,580,412$3,014,613$2,652,641$3,701,086
59$4,999,153$3,113,868$2,693,044$3,911,201
60$5,459,079$3,216,460$2,733,273$4,138,141
61$5,964,343$3,322,504$2,773,276$4,383,497
62$6,519,519$3,432,121$2,812,994$4,649,020
63$7,129,649$3,545,433$2,852,368$4,936,637
64$7,800,283$3,662,570$2,891,332$5,248,466
65$8,537,540$3,783,663$2,929,820$5,586,839
66$9,348,157$3,908,851$2,967,758$5,954,322
67$10,239,562$4,038,277$3,005,070$6,353,738
68$11,219,933$4,172,089$3,041,675$6,788,196
69$12,298,284$4,310,439$3,077,489$7,261,117
70$13,484,545$4,453,487$3,112,422$7,776,266
71$14,789,658$4,601,397$3,146,377$8,337,789
72$16,225,677$4,754,340$3,179,255$8,950,250
73$17,805,886$4,912,492$3,210,950$9,618,676
74$19,544,920$5,076,037$3,241,350$10,348,600
75$21,458,904$5,245,166$3,270,337$11,146,115
76$23,565,608$5,420,074$3,297,789$12,017,932
77$25,884,608$5,600,966$3,323,574$12,971,441
78$28,437,479$5,788,055$3,347,554$14,014,780
79$31,247,992$5,981,559$3,369,587$15,156,913
80$34,342,338$6,181,706$3,389,519$16,407,713
81$37,749,379$6,388,732$3,407,190$17,778,054
82$41,500,918$6,602,883$3,422,434$19,279,914
83$45,631,999$6,824,412$3,435,073$20,926,487
84$50,181,237$7,053,582$3,444,922$22,732,307
85$55,191,183$7,290,667$3,451,786$24,713,385
86$60,708,724$7,535,950$3,455,462$26,887,356
87$66,785,528$7,789,726$3,455,733$29,273,652
88$73,478,528$8,052,298$3,452,376$31,893,677
89$80,850,461$8,323,984$3,445,154$34,771,014
90$88,970,461$8,605,112$3,433,820$37,931,642
91$97,914,708$8,896,023$3,418,113$41,404,184
92$107,767,151$9,197,070$3,397,762$45,220,176
93$118,620,294$9,508,621$3,372,481$49,414,363
94$130,576,076$9,831,055$3,341,972$54,025,025
95$143,746,828$10,164,769$3,305,920$59,094,340
96$158,256,335$10,510,173$3,263,998$64,668,780
97$174,241,002$10,867,693$3,215,863$70,799,547
98$191,851,144$11,237,770$3,161,155$77,543,060
99$211,252,405$11,620,864$3,099,497$84,961,482
100$232,627,316$12,017,452$3,030,496$93,123,307