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%12.2%
1 years$189,932$188,240$186,589$184,978$183,405$181,717
2 years$94,026$92,275$90,577$88,932$87,336$85,635
3 years$62,061$60,302$58,610$56,980$55,409$53,748
4 years$46,082$44,329$42,653$41,051$39,518$37,910
5 years$36,497$34,754$33,100$31,531$30,041$28,491
6 years$30,109$28,379$26,750$25,215$23,771$22,279
7 years$25,548$23,833$22,229$20,731$19,332$17,901
8 years$22,129$20,429$18,852$17,391$16,038$14,667
9 years$19,471$17,787$16,237$14,813$13,506$12,195
10 years$17,346$15,679$14,156$12,769$11,508$10,255
11 years$15,608$13,958$12,463$11,113$9,897$8,702
12 years$14,161$12,528$11,060$9,747$8,577$7,439
13 years$12,938$11,321$9,882$8,606$7,479$6,396
14 years$11,890$10,291$8,879$7,639$6,556$5,528
15 years$10,983$9,401$8,016$6,813$5,772$4,796
16 years$10,190$8,625$7,268$6,100$5,102$4,177
17 years$9,491$7,943$6,614$5,481$4,524$3,648
18 years$8,870$7,340$6,037$4,939$4,022$3,194
19 years$8,316$6,803$5,527$4,463$3,585$2,803
20 years$7,817$6,321$5,072$4,042$3,202$2,464
21 years$7,366$5,888$4,666$3,669$2,866$2,170
22 years$6,957$5,496$4,300$3,336$2,569$1,914
23 years$6,585$5,141$3,970$3,038$2,306$1,690
24 years$6,243$4,816$3,672$2,771$2,072$1,494
25 years$5,930$4,520$3,401$2,530$1,865$1,322
26 years$5,641$4,248$3,154$2,314$1,680$1,170
27 years$5,374$3,998$2,929$2,118$1,514$1,037
28 years$5,126$3,767$2,723$1,940$1,367$920
29 years$4,896$3,554$2,534$1,779$1,234$816
30 years$4,682$3,356$2,360$1,633$1,115$724
31 years$4,482$3,173$2,200$1,500$1,008$643
32 years$4,294$3,002$2,053$1,378$912$572
33 years$4,119$2,843$1,917$1,267$825$508
34 years$3,954$2,695$1,791$1,166$747$452
35 years$3,799$2,556$1,674$1,073$677$402
36 years$3,653$2,426$1,566$989$613$357
37 years$3,515$2,304$1,466$911$556$318
38 years$3,385$2,190$1,373$840$504$283
39 years$3,261$2,082$1,286$774$457$252
40 years$3,144$1,981$1,206$714$414$224
41 years$3,034$1,886$1,131$659$376$199
42 years$2,928$1,796$1,060$608$341$178
43 years$2,828$1,711$995$561$310$158
44 years$2,733$1,631$934$518$281$141
45 years$2,642$1,555$877$479$255$125
46 years$2,555$1,484$824$442$232$112
47 years$2,473$1,416$774$408$210$100
48 years$2,393$1,352$727$377$191$89
49 years$2,318$1,291$684$349$173$79
50 years$2,246$1,233$643$322$158$70

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 $5,465 every year, while hoping to spend $45,157 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: 65/7/28 Blend
50$2,300,000$2,300,000$2,300,000$2,300,000
51$2,540,237$2,418,337$2,382,687$2,686,206
52$2,751,295$2,488,789$2,414,460$2,856,002
53$2,982,367$2,561,179$2,445,785$3,036,018
54$3,235,447$2,635,556$2,476,597$3,231,801
55$3,512,731$2,711,967$2,506,832$3,444,907
56$3,816,636$2,790,460$2,536,418$3,677,052
57$4,149,827$2,871,087$2,565,282$3,930,125
58$4,515,236$2,953,897$2,593,345$4,206,209
59$4,916,094$3,038,941$2,620,526$4,507,598
60$5,355,959$3,126,272$2,646,737$4,836,819
61$5,838,750$3,215,943$2,671,886$5,196,658
62$6,368,785$3,308,007$2,695,877$5,590,184
63$6,950,820$3,402,518$2,718,608$6,020,776
64$7,590,094$3,499,532$2,739,971$6,492,162
65$8,292,378$3,599,103$2,759,854$7,008,447
66$9,064,029$3,701,289$2,778,139$7,574,155
67$9,912,053$3,806,145$2,794,699$8,194,271
68$10,844,166$3,913,729$2,809,404$8,874,289
69$11,868,867$4,024,098$2,822,116$9,620,263
70$12,995,525$4,137,312$2,832,690$10,438,864
71$14,234,456$4,253,428$2,840,973$11,337,443
72$15,597,030$4,372,505$2,846,805$12,324,102
73$17,095,772$4,494,603$2,850,019$13,407,769
74$18,744,484$4,619,781$2,850,437$14,598,284
75$20,558,369$4,748,099$2,847,874$15,906,488
76$22,554,182$4,879,615$2,842,138$17,344,330
77$24,750,383$5,014,390$2,833,023$18,924,979
78$27,167,309$5,152,482$2,820,316$20,662,946
79$29,827,372$5,293,951$2,803,794$22,574,225
80$32,755,265$5,438,856$2,783,222$24,676,438
81$35,978,196$5,587,254$2,758,355$26,989,010
82$39,526,146$5,739,203$2,728,933$29,533,344
83$43,432,149$5,894,761$2,694,689$32,333,031
84$47,732,606$6,053,982$2,655,339$35,414,066
85$52,467,627$6,216,922$2,610,588$38,805,099
86$57,681,408$6,383,634$2,560,125$42,537,702
87$63,422,650$6,554,171$2,503,628$46,646,671
88$69,745,018$6,728,583$2,440,757$51,170,351
89$76,707,645$6,906,919$2,371,158$56,151,001
90$84,375,691$7,089,225$2,294,459$61,635,192
91$92,820,961$7,275,546$2,210,272$67,674,247
92$102,122,575$7,465,923$2,118,192$74,324,727
93$112,367,720$7,660,396$2,017,794$81,648,966
94$123,652,473$7,859,001$1,908,636$89,715,657
95$136,082,702$8,061,769$1,790,252$98,600,502
96$149,775,072$8,268,730$1,662,160$108,386,931
97$164,858,140$8,479,908$1,523,852$119,166,884
98$181,473,570$8,695,323$1,374,801$131,041,685
99$199,777,470$8,914,990$1,214,453$144,122,997
100$219,941,867$9,138,919$1,042,232$158,533,874