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%18.4%
1 years$189,932$188,240$186,589$184,978$183,405$177,180
2 years$94,026$92,275$90,577$88,932$87,336$81,126
3 years$62,061$60,302$58,610$56,980$55,409$49,411
4 years$46,082$44,329$42,653$41,051$39,518$33,777
5 years$36,497$34,754$33,100$31,531$30,041$24,571
6 years$30,109$28,379$26,750$25,215$23,771$18,577
7 years$25,548$23,833$22,229$20,731$19,332$14,414
8 years$22,129$20,429$18,852$17,391$16,038$11,391
9 years$19,471$17,787$16,237$14,813$13,506$9,125
10 years$17,346$15,679$14,156$12,769$11,508$7,386
11 years$15,608$13,958$12,463$11,113$9,897$6,026
12 years$14,161$12,528$11,060$9,747$8,577$4,947
13 years$12,938$11,321$9,882$8,606$7,479$4,082
14 years$11,890$10,291$8,879$7,639$6,556$3,382
15 years$10,983$9,401$8,016$6,813$5,772$2,811
16 years$10,190$8,625$7,268$6,100$5,102$2,343
17 years$9,491$7,943$6,614$5,481$4,524$1,957
18 years$8,870$7,340$6,037$4,939$4,022$1,638
19 years$8,316$6,803$5,527$4,463$3,585$1,372
20 years$7,817$6,321$5,072$4,042$3,202$1,152
21 years$7,366$5,888$4,666$3,669$2,866$967
22 years$6,957$5,496$4,300$3,336$2,569$813
23 years$6,585$5,141$3,970$3,038$2,306$684
24 years$6,243$4,816$3,672$2,771$2,072$576
25 years$5,930$4,520$3,401$2,530$1,865$485
26 years$5,641$4,248$3,154$2,314$1,680$409
27 years$5,374$3,998$2,929$2,118$1,514$345
28 years$5,126$3,767$2,723$1,940$1,367$291
29 years$4,896$3,554$2,534$1,779$1,234$245
30 years$4,682$3,356$2,360$1,633$1,115$207
31 years$4,482$3,173$2,200$1,500$1,008$174
32 years$4,294$3,002$2,053$1,378$912$147
33 years$4,119$2,843$1,917$1,267$825$124
34 years$3,954$2,695$1,791$1,166$747$105
35 years$3,799$2,556$1,674$1,073$677$89
36 years$3,653$2,426$1,566$989$613$75
37 years$3,515$2,304$1,466$911$556$63
38 years$3,385$2,190$1,373$840$504$53
39 years$3,261$2,082$1,286$774$457$45
40 years$3,144$1,981$1,206$714$414$38
41 years$3,034$1,886$1,131$659$376$32
42 years$2,928$1,796$1,060$608$341$27
43 years$2,828$1,711$995$561$310$23
44 years$2,733$1,631$934$518$281$19
45 years$2,642$1,555$877$479$255$16
46 years$2,555$1,484$824$442$232$14
47 years$2,473$1,416$774$408$210$12
48 years$2,393$1,352$727$377$191$10
49 years$2,318$1,291$684$349$173$8
50 years$2,246$1,233$643$322$158$7

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 $2,968 every year, while hoping to spend $44,084 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: 74/19/7 Blend
50$2,300,000$2,300,000$2,300,000$2,300,000
51$2,537,661$2,415,761$2,380,111$2,722,820
52$2,749,598$2,487,229$2,412,940$2,916,623
53$2,981,674$2,560,720$2,445,391$3,123,001
54$3,235,899$2,636,289$2,477,405$3,347,826
55$3,514,482$2,713,989$2,508,920$3,592,908
56$3,819,858$2,793,874$2,539,868$3,860,239
57$4,154,711$2,876,001$2,570,181$4,152,012
58$4,521,993$2,960,427$2,599,784$4,470,642
59$4,924,959$3,047,210$2,628,599$4,818,789
60$5,367,191$3,136,409$2,656,543$5,199,380
61$5,852,637$3,228,086$2,683,530$5,615,641
62$6,385,646$3,322,302$2,709,468$6,071,124
63$6,971,006$3,419,119$2,734,259$6,569,740
64$7,613,995$3,518,603$2,757,804$7,115,797
65$8,320,426$3,620,817$2,779,993$7,714,041
66$9,096,701$3,725,829$2,800,714$8,369,700
67$9,949,875$3,833,705$2,819,849$9,088,530
68$10,887,721$3,944,515$2,837,272$9,876,875
69$11,918,799$4,058,327$2,852,852$10,741,722
70$13,052,545$4,175,213$2,866,450$11,690,767
71$14,299,350$4,295,244$2,877,922$12,732,490
72$15,670,666$4,418,494$2,887,115$13,876,233
73$17,179,109$4,545,035$2,893,869$15,132,287
74$18,838,580$4,674,943$2,898,014$16,511,991
75$20,664,393$4,808,293$2,899,376$18,027,836
76$22,673,424$4,945,162$2,897,768$19,693,586
77$24,884,265$5,085,628$2,892,995$21,524,405
78$27,317,405$5,229,768$2,884,855$23,537,001
79$29,995,415$5,377,662$2,873,133$25,749,782
80$32,943,169$5,529,389$2,857,604$28,183,031
81$36,188,073$5,685,029$2,838,035$30,859,097
82$39,760,325$5,844,664$2,814,178$33,802,605
83$43,693,200$6,008,375$2,785,775$37,040,687
84$48,023,365$6,176,243$2,752,556$40,603,241
85$52,791,220$6,348,351$2,714,239$44,523,209
86$58,041,285$6,524,781$2,670,526$48,836,892
87$63,822,615$6,705,614$2,621,108$53,584,287
88$70,189,266$6,890,933$2,565,659$58,809,470
89$77,200,803$7,080,821$2,503,840$64,561,005
90$84,922,862$7,275,358$2,435,296$70,892,410
91$93,427,769$7,474,626$2,359,654$77,862,654
92$102,795,225$7,678,706$2,276,526$85,536,719
93$113,113,052$7,887,678$2,185,504$93,986,212
94$124,478,029$8,101,619$2,086,164$103,290,036
95$136,996,797$8,320,608$1,978,060$113,535,141
96$150,786,874$8,544,721$1,860,728$124,817,340
97$165,977,755$8,774,032$1,733,682$137,242,216
98$182,712,140$9,008,613$1,596,414$150,926,116
99$201,147,279$9,248,536$1,448,395$165,997,250
100$221,456,455$9,493,868$1,289,070$182,596,901