Can I retire at age 51 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$190,758$189,058$187,401$185,783$184,203$176,824
2 years$94,434$92,676$90,971$89,319$87,716$80,375
3 years$62,331$60,565$58,864$57,227$55,650$48,578
4 years$46,282$44,521$42,838$41,229$39,690$32,940
5 years$36,656$34,905$33,244$31,668$30,172$23,762
6 years$30,240$28,503$26,866$25,325$23,874$17,807
7 years$25,659$23,937$22,326$20,821$19,416$13,690
8 years$22,225$20,518$18,934$17,466$16,107$10,717
9 years$19,556$17,865$16,308$14,877$13,565$8,502
10 years$17,421$15,747$14,218$12,824$11,558$6,812
11 years$15,676$14,019$12,517$11,161$9,940$5,500
12 years$14,223$12,582$11,109$9,790$8,614$4,467
13 years$12,994$11,371$9,925$8,643$7,512$3,646
14 years$11,942$10,336$8,917$7,672$6,585$2,987
15 years$11,031$9,442$8,051$6,842$5,798$2,455
16 years$10,234$8,663$7,300$6,127$5,124$2,022
17 years$9,532$7,978$6,642$5,505$4,543$1,669
18 years$8,909$7,372$6,064$4,961$4,040$1,380
19 years$8,352$6,832$5,551$4,482$3,601$1,143
20 years$7,851$6,349$5,094$4,060$3,216$947
21 years$7,398$5,914$4,686$3,684$2,878$786
22 years$6,988$5,520$4,319$3,350$2,580$652
23 years$6,613$5,163$3,988$3,051$2,316$542
24 years$6,270$4,837$3,688$2,783$2,081$451
25 years$5,956$4,540$3,416$2,541$1,873$375
26 years$5,665$4,267$3,168$2,324$1,687$312
27 years$5,397$4,015$2,942$2,127$1,521$259
28 years$5,148$3,784$2,735$1,949$1,372$216
29 years$4,917$3,569$2,545$1,787$1,239$180
30 years$4,702$3,371$2,370$1,640$1,120$150
31 years$4,501$3,187$2,210$1,506$1,012$125
32 years$4,313$3,015$2,062$1,384$916$104
33 years$4,137$2,855$1,925$1,273$829$86
34 years$3,971$2,706$1,799$1,171$750$72
35 years$3,816$2,567$1,682$1,078$680$60
36 years$3,669$2,436$1,573$993$616$50
37 years$3,530$2,314$1,472$915$558$42
38 years$3,399$2,199$1,379$843$506$35
39 years$3,276$2,091$1,292$778$459$29
40 years$3,158$1,990$1,211$717$416$24
41 years$3,047$1,894$1,135$662$378$20
42 years$2,941$1,804$1,065$611$343$17
43 years$2,840$1,719$999$564$311$14
44 years$2,745$1,638$938$520$282$12
45 years$2,653$1,562$881$481$256$10
46 years$2,566$1,490$827$444$233$8
47 years$2,483$1,422$777$410$211$7
48 years$2,404$1,358$730$379$192$6
49 years$2,328$1,296$687$350$174$5
50 years$2,255$1,238$645$324$158$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,310,000, adding $2,269 every year, while hoping to spend $58,414 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: 82/7/11 Blend
50$2,310,000$2,310,000$2,310,000$2,310,000
51$2,547,960$2,425,530$2,389,725$2,752,009
52$2,745,700$2,482,229$2,407,629$2,942,747
53$2,961,652$2,539,749$2,424,175$3,144,172
54$3,197,611$2,598,067$2,439,256$3,363,574
55$3,455,555$2,657,160$2,452,758$3,602,726
56$3,737,661$2,717,000$2,464,565$3,863,579
57$4,046,325$2,777,556$2,474,550$4,148,283
58$4,384,186$2,838,792$2,482,584$4,459,205
59$4,754,151$2,900,671$2,488,529$4,798,954
60$5,159,421$2,963,150$2,492,240$5,170,402
61$5,603,518$3,026,181$2,493,567$5,576,713
62$6,090,325$3,089,712$2,492,350$6,021,374
63$6,624,117$3,153,687$2,488,422$6,508,223
64$7,209,602$3,218,042$2,481,609$7,041,491
65$7,851,966$3,282,711$2,471,728$7,625,840
66$8,556,921$3,347,618$2,458,585$8,266,404
67$9,330,759$3,412,684$2,441,980$8,968,839
68$10,180,411$3,477,820$2,421,701$9,739,379
69$11,113,512$3,542,932$2,397,527$10,584,891
70$12,138,473$3,607,918$2,369,226$11,512,942
71$13,264,558$3,672,666$2,336,556$12,531,868
72$14,501,974$3,737,058$2,299,262$13,650,856
73$15,861,966$3,800,965$2,257,078$14,880,027
74$17,356,922$3,864,248$2,209,726$16,230,533
75$19,000,491$3,926,759$2,156,914$17,714,666
76$20,807,708$3,988,337$2,098,338$19,345,964
77$22,795,140$4,048,811$2,033,678$21,139,351
78$24,981,039$4,107,998$1,962,601$23,111,269
79$27,385,515$4,165,700$1,884,758$25,279,835
80$30,030,725$4,221,706$1,799,784$27,665,014
81$32,941,080$4,275,790$1,707,298$30,288,808
82$36,143,479$4,327,713$1,606,901$33,175,460
83$39,667,558$4,377,215$1,498,177$36,351,684
84$43,545,973$4,424,023$1,380,690$39,846,920
85$47,814,704$4,467,842$1,253,985$43,693,609
86$52,513,398$4,508,361$1,117,588$47,927,500
87$57,685,739$4,545,244$971,001$52,587,988
88$63,379,862$4,578,139$813,707$57,718,485
89$69,648,806$4,606,666$645,164$63,366,830
90$76,551,014$4,630,423$464,808$69,585,742
91$84,150,886$4,648,982$272,047$76,433,316
92$92,519,382$4,661,888$66,266$83,973,573
93$101,734,696$4,668,657$0$92,277,063
94$111,882,989$4,668,775$0$101,439,529
95$123,059,206$4,661,697$0$111,538,121
96$135,367,967$4,646,843$0$122,659,549
97$148,924,560$4,623,598$0$134,907,946
98$163,856,019$4,591,309$0$148,398,058
99$180,302,335$4,549,284$0$163,256,333
100$198,417,763$4,496,790$0$179,622,112