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

Use the below retirement simulation to view the chances of a successful retirement.
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%
1 years$189,932$188,240$186,589$184,978$183,405$181,869
2 years$94,026$92,275$90,577$88,932$87,336$85,787
3 years$62,061$60,302$58,610$56,980$55,409$53,897
4 years$46,082$44,329$42,653$41,051$39,518$38,053
5 years$36,497$34,754$33,100$31,531$30,041$28,628
6 years$30,109$28,379$26,750$25,215$23,771$22,411
7 years$25,548$23,833$22,229$20,731$19,332$18,026
8 years$22,129$20,429$18,852$17,391$16,038$14,786
9 years$19,471$17,787$16,237$14,813$13,506$12,309
10 years$17,346$15,679$14,156$12,769$11,508$10,364
11 years$15,608$13,958$12,463$11,113$9,897$8,805
12 years$14,161$12,528$11,060$9,747$8,577$7,536
13 years$12,938$11,321$9,882$8,606$7,479$6,489
14 years$11,890$10,291$8,879$7,639$6,556$5,615
15 years$10,983$9,401$8,016$6,813$5,772$4,878
16 years$10,190$8,625$7,268$6,100$5,102$4,254
17 years$9,491$7,943$6,614$5,481$4,524$3,720
18 years$8,870$7,340$6,037$4,939$4,022$3,262
19 years$8,316$6,803$5,527$4,463$3,585$2,867
20 years$7,817$6,321$5,072$4,042$3,202$2,524
21 years$7,366$5,888$4,666$3,669$2,866$2,226
22 years$6,957$5,496$4,300$3,336$2,569$1,966
23 years$6,585$5,141$3,970$3,038$2,306$1,739
24 years$6,243$4,816$3,672$2,771$2,072$1,539
25 years$5,930$4,520$3,401$2,530$1,865$1,364
26 years$5,641$4,248$3,154$2,314$1,680$1,210
27 years$5,374$3,998$2,929$2,118$1,514$1,074
28 years$5,126$3,767$2,723$1,940$1,367$954
29 years$4,896$3,554$2,534$1,779$1,234$848
30 years$4,682$3,356$2,360$1,633$1,115$754
31 years$4,482$3,173$2,200$1,500$1,008$670
32 years$4,294$3,002$2,053$1,378$912$597
33 years$4,119$2,843$1,917$1,267$825$531
34 years$3,954$2,695$1,791$1,166$747$473
35 years$3,799$2,556$1,674$1,073$677$421
36 years$3,653$2,426$1,566$989$613$375
37 years$3,515$2,304$1,466$911$556$335
38 years$3,385$2,190$1,373$840$504$298
39 years$3,261$2,082$1,286$774$457$266
40 years$3,144$1,981$1,206$714$414$237
41 years$3,034$1,886$1,131$659$376$211
42 years$2,928$1,796$1,060$608$341$189
43 years$2,828$1,711$995$561$310$168
44 years$2,733$1,631$934$518$281$150
45 years$2,642$1,555$877$479$255$134
46 years$2,555$1,484$824$442$232$119
47 years$2,473$1,416$774$408$210$107
48 years$2,393$1,352$727$377$191$95
49 years$2,318$1,291$684$349$173$85
50 years$2,246$1,233$643$322$158$76

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 $4,486 every year, while hoping to spend $53,261 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: 71/20/9 Blend
50$2,300,000$2,300,000$2,300,000$2,300,000
51$2,539,227$2,417,327$2,381,677$2,715,035
52$2,741,559$2,479,107$2,404,794$2,893,680
53$2,962,744$2,542,129$2,426,900$3,082,169
54$3,204,648$2,606,398$2,447,906$3,287,034
55$3,469,327$2,671,916$2,467,716$3,509,875
56$3,759,044$2,738,686$2,486,230$3,752,453
57$4,076,292$2,806,706$2,503,344$4,016,708
58$4,423,814$2,875,975$2,518,946$4,304,778
59$4,804,634$2,946,489$2,532,921$4,619,016
60$5,222,079$3,018,239$2,545,147$4,962,012
61$5,679,815$3,091,217$2,555,494$5,336,623
62$6,181,881$3,165,412$2,563,827$5,745,992
63$6,732,724$3,240,808$2,570,006$6,193,582
64$7,337,241$3,317,387$2,573,881$6,683,210
65$8,000,830$3,395,129$2,575,296$7,219,077
66$8,729,433$3,474,008$2,574,087$7,805,815
67$9,529,598$3,553,997$2,570,082$8,448,524
68$10,408,537$3,635,064$2,563,100$9,152,824
69$11,374,196$3,717,170$2,552,952$9,924,907
70$12,435,327$3,800,275$2,539,439$10,771,594
71$13,601,575$3,884,333$2,522,355$11,700,401
72$14,883,562$3,969,291$2,501,480$12,719,610
73$16,292,992$4,055,093$2,476,586$13,838,346
74$17,842,760$4,141,676$2,447,435$15,066,661
75$19,547,073$4,228,970$2,413,776$16,415,634
76$21,421,583$4,316,898$2,375,346$17,897,471
77$23,483,536$4,405,377$2,331,871$19,525,623
78$25,751,931$4,494,315$2,283,063$21,314,911
79$28,247,705$4,583,613$2,228,622$23,281,666
80$30,993,923$4,673,163$2,168,234$25,443,884
81$34,016,002$4,762,846$2,101,568$27,821,396
82$37,341,945$4,852,536$2,028,281$30,436,055
83$41,002,608$4,942,095$1,948,013$33,311,940
84$45,031,989$5,031,373$1,860,387$36,475,586
85$49,467,552$5,120,210$1,765,010$39,956,236
86$54,350,575$5,208,433$1,661,470$43,786,112
87$59,726,541$5,295,854$1,549,337$48,000,724
88$65,645,571$5,382,273$1,428,163$52,639,202
89$72,162,890$5,467,476$1,297,477$57,744,667
90$79,339,352$5,551,229$1,156,789$63,364,639
91$87,242,012$5,633,285$1,005,588$69,551,484
92$95,944,760$5,713,379$843,338$76,362,910
93$105,529,017$5,791,225$669,481$83,862,511
94$116,084,500$5,866,520$483,432$92,120,367
95$127,710,077$5,938,936$284,585$101,213,707
96$140,514,688$6,008,128$72,302$111,227,639
97$154,618,382$6,073,722$0$122,255,952
98$170,153,446$6,135,323$0$134,416,814
99$187,265,652$6,192,509$0$147,817,686
100$206,115,635$6,244,828$0$162,577,206