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

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$190,758$189,058$187,401$185,783$184,203$177,667
2 years$94,434$92,676$90,971$89,319$87,716$81,201
3 years$62,331$60,565$58,864$57,227$55,650$49,361
4 years$46,282$44,521$42,838$41,229$39,690$33,674
5 years$36,656$34,905$33,244$31,668$30,172$24,445
6 years$30,240$28,503$26,866$25,325$23,874$18,441
7 years$25,659$23,937$22,326$20,821$19,416$14,276
8 years$22,225$20,518$18,934$17,466$16,107$11,255
9 years$19,556$17,865$16,308$14,877$13,565$8,994
10 years$17,421$15,747$14,218$12,824$11,558$7,262
11 years$15,676$14,019$12,517$11,161$9,940$5,909
12 years$14,223$12,582$11,109$9,790$8,614$4,839
13 years$12,994$11,371$9,925$8,643$7,512$3,982
14 years$11,942$10,336$8,917$7,672$6,585$3,289
15 years$11,031$9,442$8,051$6,842$5,798$2,726
16 years$10,234$8,663$7,300$6,127$5,124$2,266
17 years$9,532$7,978$6,642$5,505$4,543$1,887
18 years$8,909$7,372$6,064$4,961$4,040$1,574
19 years$8,352$6,832$5,551$4,482$3,601$1,315
20 years$7,851$6,349$5,094$4,060$3,216$1,100
21 years$7,398$5,914$4,686$3,684$2,878$921
22 years$6,988$5,520$4,319$3,350$2,580$772
23 years$6,613$5,163$3,988$3,051$2,316$648
24 years$6,270$4,837$3,688$2,783$2,081$543
25 years$5,956$4,540$3,416$2,541$1,873$456
26 years$5,665$4,267$3,168$2,324$1,687$383
27 years$5,397$4,015$2,942$2,127$1,521$322
28 years$5,148$3,784$2,735$1,949$1,372$271
29 years$4,917$3,569$2,545$1,787$1,239$228
30 years$4,702$3,371$2,370$1,640$1,120$191
31 years$4,501$3,187$2,210$1,506$1,012$161
32 years$4,313$3,015$2,062$1,384$916$135
33 years$4,137$2,855$1,925$1,273$829$114
34 years$3,971$2,706$1,799$1,171$750$96
35 years$3,816$2,567$1,682$1,078$680$81
36 years$3,669$2,436$1,573$993$616$68
37 years$3,530$2,314$1,472$915$558$57
38 years$3,399$2,199$1,379$843$506$48
39 years$3,276$2,091$1,292$778$459$40
40 years$3,158$1,990$1,211$717$416$34
41 years$3,047$1,894$1,135$662$378$29
42 years$2,941$1,804$1,065$611$343$24
43 years$2,840$1,719$999$564$311$20
44 years$2,745$1,638$938$520$282$17
45 years$2,653$1,562$881$481$256$14
46 years$2,566$1,490$827$444$233$12
47 years$2,483$1,422$777$410$211$10
48 years$2,404$1,358$730$379$192$9
49 years$2,328$1,296$687$350$174$7
50 years$2,255$1,238$645$324$158$6

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 $4,304 every year, while hoping to spend $46,836 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: 47/24/29 Blend
50$2,310,000$2,310,000$2,310,000$2,310,000
51$2,550,060$2,427,630$2,391,825$2,648,515
52$2,760,333$2,496,750$2,422,118$2,787,673
53$2,990,484$2,567,688$2,451,856$2,933,758
54$3,242,491$2,640,483$2,480,971$3,091,448
55$3,518,533$2,715,174$2,509,391$3,261,860
56$3,821,008$2,791,803$2,537,040$3,446,222
57$4,152,558$2,870,409$2,563,839$3,645,891
58$4,516,094$2,951,034$2,589,703$3,862,357
59$4,914,820$3,033,718$2,614,542$4,097,266
60$5,352,265$3,118,504$2,638,262$4,352,427
61$5,832,318$3,205,433$2,660,766$4,629,835
62$6,359,261$3,294,546$2,681,948$4,931,688
63$6,937,812$3,385,885$2,701,700$5,260,406
64$7,573,167$3,479,491$2,719,905$5,618,658
65$8,271,051$3,575,407$2,736,443$6,009,382
66$9,037,769$3,673,673$2,751,185$6,435,818
67$9,880,270$3,774,331$2,763,998$6,901,532
68$10,806,206$3,877,422$2,774,740$7,410,459
69$11,824,010$3,982,986$2,783,264$7,966,931
70$12,942,969$4,091,063$2,789,414$8,575,722
71$14,173,320$4,201,693$2,793,027$9,242,095
72$15,526,336$4,314,914$2,793,931$9,971,848
73$17,014,441$4,430,763$2,791,947$10,771,372
74$18,651,322$4,549,279$2,786,885$11,647,707
75$20,452,059$4,670,496$2,778,548$12,608,616
76$22,433,268$4,794,449$2,766,729$13,662,649
77$24,613,256$4,921,172$2,751,209$14,819,234
78$27,012,195$5,050,695$2,731,760$16,088,756
79$29,652,309$5,183,049$2,708,145$17,482,665
80$32,558,088$5,318,263$2,680,111$19,013,575
81$35,756,516$5,456,360$2,647,398$20,695,391
82$39,277,324$5,597,366$2,609,730$22,543,436
83$43,153,275$5,741,301$2,566,820$24,574,599
84$47,420,468$5,888,183$2,518,366$26,807,491
85$52,118,679$6,038,028$2,464,055$29,262,623
86$57,291,740$6,190,846$2,403,556$31,962,602
87$62,987,946$6,346,647$2,336,525$34,932,342
88$69,260,518$6,505,434$2,262,600$38,199,301
89$76,168,098$6,667,207$2,181,404$41,793,738
90$83,775,306$6,831,962$2,092,543$45,749,004
91$92,153,348$6,999,689$1,995,604$50,101,854
92$101,380,689$7,170,373$1,890,156$54,892,795
93$111,543,791$7,343,993$1,775,747$60,166,470
94$122,737,931$7,520,522$1,651,908$65,972,078
95$135,068,098$7,699,926$1,518,145$72,363,841
96$148,649,986$7,882,164$1,373,945$79,401,519
97$163,611,081$8,067,187$1,218,769$87,150,969
98$180,091,871$8,254,939$1,052,058$95,684,771
99$198,247,164$8,445,353$873,224$105,082,917
100$218,247,553$8,638,354$681,655$115,433,560