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%12.3%
1 years$189,106$187,422$185,778$184,174$182,608$180,851
2 years$93,617$91,873$90,184$88,545$86,956$85,187
3 years$61,791$60,040$58,355$56,732$55,169$53,441
4 years$45,882$44,136$42,467$40,872$39,347$37,674
5 years$36,338$34,603$32,956$31,394$29,911$28,299
6 years$29,978$28,256$26,634$25,106$23,667$22,117
7 years$25,437$23,729$22,133$20,641$19,248$17,761
8 years$22,033$20,340$18,770$17,315$15,968$14,544
9 years$19,386$17,710$16,167$14,749$13,447$12,085
10 years$17,270$15,611$14,095$12,713$11,458$10,157
11 years$15,540$13,897$12,409$11,065$9,854$8,614
12 years$14,100$12,473$11,012$9,705$8,539$7,358
13 years$12,882$11,272$9,839$8,568$7,446$6,323
14 years$11,838$10,246$8,840$7,606$6,528$5,461
15 years$10,935$9,360$7,982$6,783$5,747$4,735
16 years$10,146$8,588$7,236$6,073$5,080$4,121
17 years$9,450$7,909$6,585$5,457$4,504$3,596
18 years$8,832$7,308$6,011$4,918$4,005$3,147
19 years$8,279$6,773$5,503$4,444$3,569$2,759
20 years$7,783$6,294$5,050$4,025$3,188$2,424
21 years$7,334$5,863$4,645$3,653$2,853$2,133
22 years$6,927$5,472$4,281$3,321$2,557$1,880
23 years$6,556$5,118$3,953$3,025$2,296$1,659
24 years$6,216$4,796$3,656$2,759$2,063$1,465
25 years$5,904$4,500$3,386$2,519$1,857$1,295
26 years$5,616$4,230$3,140$2,303$1,673$1,146
27 years$5,350$3,981$2,916$2,108$1,508$1,015
28 years$5,104$3,751$2,711$1,932$1,361$899
29 years$4,875$3,539$2,523$1,771$1,229$797
30 years$4,661$3,342$2,350$1,626$1,110$707
31 years$4,462$3,159$2,191$1,493$1,004$627
32 years$4,276$2,989$2,044$1,372$908$557
33 years$4,101$2,831$1,908$1,262$822$495
34 years$3,937$2,683$1,783$1,161$744$439
35 years$3,783$2,545$1,667$1,069$674$390
36 years$3,637$2,415$1,560$984$610$347
37 years$3,500$2,294$1,460$907$553$308
38 years$3,370$2,180$1,367$836$502$274
39 years$3,247$2,073$1,281$771$455$244
40 years$3,131$1,972$1,200$711$413$217
41 years$3,020$1,877$1,126$656$374$193
42 years$2,916$1,788$1,056$605$340$172
43 years$2,816$1,704$991$559$308$153
44 years$2,721$1,624$930$516$280$136
45 years$2,630$1,549$873$477$254$121
46 years$2,544$1,477$820$440$231$108
47 years$2,462$1,410$771$407$209$96
48 years$2,383$1,346$724$376$190$85
49 years$2,308$1,285$681$347$173$76
50 years$2,236$1,228$640$321$157$68

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 $4,222 every year, while hoping to spend $53,026 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: 69/20/11 Blend
50$2,290,000$2,290,000$2,290,000$2,290,000
51$2,527,935$2,406,565$2,371,070$2,696,278
52$2,729,365$2,468,067$2,394,082$2,870,058
53$2,949,564$2,530,806$2,416,087$3,053,306
54$3,190,390$2,594,786$2,436,996$3,252,379
55$3,453,889$2,660,010$2,456,715$3,468,823
56$3,742,315$2,726,479$2,475,144$3,704,340
57$4,058,148$2,794,194$2,492,178$3,960,805
58$4,404,120$2,863,151$2,507,708$4,240,282
59$4,783,242$2,933,347$2,521,617$4,545,046
60$5,198,825$3,004,773$2,533,784$4,877,601
61$5,654,520$3,077,422$2,544,081$5,240,706
62$6,154,347$3,151,282$2,552,373$5,637,400
63$6,702,733$3,226,337$2,558,520$6,071,030
64$7,304,554$3,302,570$2,562,373$6,545,285
65$7,965,183$3,379,960$2,563,777$7,064,226
66$8,690,536$3,458,482$2,562,568$7,632,329
67$9,487,131$3,538,109$2,558,574$8,254,526
68$10,362,150$3,618,807$2,551,618$8,936,249
69$11,323,501$3,700,540$2,541,509$9,683,485
70$12,379,899$3,783,268$2,528,050$10,502,827
71$13,540,943$3,866,943$2,511,034$11,401,543
72$14,817,210$3,951,514$2,490,245$12,387,640
73$16,220,353$4,036,925$2,465,455$13,469,939
74$17,763,206$4,123,112$2,436,426$14,658,162
75$19,459,915$4,210,006$2,402,908$15,963,020
76$21,326,061$4,297,531$2,364,640$17,396,317
77$23,378,813$4,385,604$2,321,349$18,971,058
78$25,637,087$4,474,134$2,272,749$20,701,577
79$28,121,724$4,563,021$2,218,541$22,603,665
80$30,855,689$4,652,157$2,158,410$24,694,726
81$33,864,282$4,741,426$2,092,030$26,993,937
82$37,175,384$4,830,700$2,019,058$29,522,433
83$40,819,711$4,919,843$1,939,134$32,303,501
84$44,831,112$5,008,706$1,851,886$35,362,804
85$49,246,881$5,097,128$1,756,919$38,728,623
86$54,108,112$5,184,937$1,653,826$42,432,123
87$59,460,088$5,271,947$1,542,178$46,507,649
88$65,352,704$5,357,959$1,421,527$50,993,046
89$71,840,938$5,442,757$1,291,406$55,930,023
90$78,985,373$5,526,112$1,151,328$61,364,541
91$86,852,765$5,607,776$1,000,782$67,347,251
92$95,516,675$5,687,484$839,236$73,933,972
93$105,058,158$5,764,953$666,132$81,186,214
94$115,566,534$5,839,880$480,892$89,171,765
95$127,140,227$5,911,941$282,908$97,965,328
96$139,887,692$5,980,788$71,547$107,649,227
97$153,928,443$6,046,052$0$118,314,184
98$169,394,174$6,107,339$0$130,078,255
99$186,430,008$6,164,227$0$143,043,677
100$205,195,863$6,216,268$0$157,323,548