Can I retire at age 51 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$189,932$188,240$186,589$184,978$183,405$179,702
2 years$94,026$92,275$90,577$88,932$87,336$83,621
3 years$62,061$60,302$58,610$56,980$55,409$51,799
4 years$46,082$44,329$42,653$41,051$39,518$36,041
5 years$36,497$34,754$33,100$31,531$30,041$26,705
6 years$30,109$28,379$26,750$25,215$23,771$20,581
7 years$25,548$23,833$22,229$20,731$19,332$16,288
8 years$22,129$20,429$18,852$17,391$16,038$13,139
9 years$19,471$17,787$16,237$14,813$13,506$10,751
10 years$17,346$15,679$14,156$12,769$11,508$8,894
11 years$15,608$13,958$12,463$11,113$9,897$7,421
12 years$14,161$12,528$11,060$9,747$8,577$6,235
13 years$12,938$11,321$9,882$8,606$7,479$5,267
14 years$11,890$10,291$8,879$7,639$6,556$4,470
15 years$10,983$9,401$8,016$6,813$5,772$3,808
16 years$10,190$8,625$7,268$6,100$5,102$3,254
17 years$9,491$7,943$6,614$5,481$4,524$2,788
18 years$8,870$7,340$6,037$4,939$4,022$2,394
19 years$8,316$6,803$5,527$4,463$3,585$2,060
20 years$7,817$6,321$5,072$4,042$3,202$1,775
21 years$7,366$5,888$4,666$3,669$2,866$1,532
22 years$6,957$5,496$4,300$3,336$2,569$1,323
23 years$6,585$5,141$3,970$3,038$2,306$1,144
24 years$6,243$4,816$3,672$2,771$2,072$990
25 years$5,930$4,520$3,401$2,530$1,865$858
26 years$5,641$4,248$3,154$2,314$1,680$744
27 years$5,374$3,998$2,929$2,118$1,514$645
28 years$5,126$3,767$2,723$1,940$1,367$559
29 years$4,896$3,554$2,534$1,779$1,234$486
30 years$4,682$3,356$2,360$1,633$1,115$422
31 years$4,482$3,173$2,200$1,500$1,008$366
32 years$4,294$3,002$2,053$1,378$912$318
33 years$4,119$2,843$1,917$1,267$825$276
34 years$3,954$2,695$1,791$1,166$747$240
35 years$3,799$2,556$1,674$1,073$677$209
36 years$3,653$2,426$1,566$989$613$182
37 years$3,515$2,304$1,466$911$556$158
38 years$3,385$2,190$1,373$840$504$137
39 years$3,261$2,082$1,286$774$457$119
40 years$3,144$1,981$1,206$714$414$104
41 years$3,034$1,886$1,131$659$376$90
42 years$2,928$1,796$1,060$608$341$79
43 years$2,828$1,711$995$561$310$68
44 years$2,733$1,631$934$518$281$60
45 years$2,642$1,555$877$479$255$52
46 years$2,555$1,484$824$442$232$45
47 years$2,473$1,416$774$408$210$39
48 years$2,393$1,352$727$377$191$34
49 years$2,318$1,291$684$349$173$30
50 years$2,246$1,233$643$322$158$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,300,000, adding $3,103 every year, while hoping to spend $37,091 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: 28/50/22 Blend
50$2,300,000$2,300,000$2,300,000$2,300,000
51$2,537,801$2,415,901$2,380,251$2,591,208
52$2,757,192$2,494,815$2,420,525$2,712,029
53$2,997,718$2,576,354$2,460,905$2,838,269
54$3,261,495$2,660,605$2,501,355$2,973,125
55$3,550,855$2,747,662$2,541,838$3,117,355
56$3,868,365$2,837,620$2,582,312$3,271,795
57$4,216,854$2,930,580$2,622,735$3,437,358
58$4,599,437$3,026,642$2,663,061$3,615,049
59$5,019,546$3,125,914$2,703,240$3,805,972
60$5,480,962$3,228,506$2,743,221$4,011,340
61$5,987,849$3,334,532$2,782,948$4,232,484
62$6,544,795$3,444,109$2,822,362$4,470,870
63$7,156,855$3,557,361$2,861,401$4,728,106
64$7,829,596$3,674,413$2,900,000$5,005,963
65$8,569,153$3,795,398$2,938,088$5,306,386
66$9,382,284$3,920,450$2,975,592$5,631,515
67$10,276,436$4,049,711$3,012,433$5,983,705
68$11,259,811$4,183,326$3,048,528$6,365,543
69$12,341,449$4,321,446$3,083,791$6,779,878
70$13,531,308$4,464,228$3,118,130$7,229,845
71$14,840,360$4,611,834$3,151,445$7,718,891
72$16,280,695$4,764,431$3,183,637$8,250,813
73$17,865,632$4,922,194$3,214,594$8,829,787
74$19,609,848$5,085,303$3,244,205$9,460,409
75$21,529,514$5,253,946$3,272,348$10,147,742
76$23,642,450$5,428,314$3,298,897$10,897,356
77$25,968,289$5,608,610$3,323,719$11,715,384
78$28,528,663$5,795,041$3,346,673$12,608,578
79$31,347,412$5,987,823$3,367,611$13,584,374
80$34,450,801$6,187,179$3,386,379$14,650,959
81$37,867,773$6,393,342$3,402,813$15,817,348
82$41,630,220$6,606,550$3,416,742$17,093,468
83$45,773,285$6,827,053$3,427,985$18,490,253
84$50,335,692$7,055,110$3,436,354$20,019,744
85$55,360,110$7,290,988$3,441,649$21,695,203
86$60,893,559$7,534,964$3,443,662$23,531,236
87$66,987,851$7,787,327$3,442,175$25,543,933
88$73,700,081$8,048,375$3,436,956$27,751,014
89$81,093,161$8,318,418$3,427,767$30,172,000
90$89,236,420$8,597,776$3,414,352$32,828,394
91$98,206,250$8,886,783$3,396,449$35,743,883
92$108,086,837$9,185,785$3,373,780$38,944,560
93$118,970,945$9,495,139$3,346,052$42,459,173
94$130,960,799$9,815,218$3,312,962$46,319,388
95$144,169,045$10,146,408$3,274,190$50,560,094
96$158,719,814$10,489,109$3,229,403$55,219,727
97$174,749,896$10,843,736$3,178,248$60,340,635
98$192,410,027$11,210,720$3,120,361$65,969,470
99$211,866,314$11,590,510$3,055,358$72,157,634
100$233,301,802$11,983,569$2,982,837$78,961,761