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%13.2%
1 years$190,758$189,058$187,401$185,783$184,203$181,750
2 years$94,434$92,676$90,971$89,319$87,716$85,249
3 years$62,331$60,565$58,864$57,227$55,650$53,246
4 years$46,282$44,521$42,838$41,229$39,690$37,366
5 years$36,656$34,905$33,244$31,668$30,172$27,936
6 years$30,240$28,503$26,866$25,325$23,874$21,728
7 years$25,659$23,937$22,326$20,821$19,416$17,361
8 years$22,225$20,518$18,934$17,466$16,107$14,143
9 years$19,556$17,865$16,308$14,877$13,565$11,690
10 years$17,421$15,747$14,218$12,824$11,558$9,772
11 years$15,676$14,019$12,517$11,161$9,940$8,241
12 years$14,223$12,582$11,109$9,790$8,614$7,000
13 years$12,994$11,371$9,925$8,643$7,512$5,980
14 years$11,942$10,336$8,917$7,672$6,585$5,133
15 years$11,031$9,442$8,051$6,842$5,798$4,424
16 years$10,234$8,663$7,300$6,127$5,124$3,826
17 years$9,532$7,978$6,642$5,505$4,543$3,318
18 years$8,909$7,372$6,064$4,961$4,040$2,885
19 years$8,352$6,832$5,551$4,482$3,601$2,513
20 years$7,851$6,349$5,094$4,060$3,216$2,193
21 years$7,398$5,914$4,686$3,684$2,878$1,917
22 years$6,988$5,520$4,319$3,350$2,580$1,678
23 years$6,613$5,163$3,988$3,051$2,316$1,470
24 years$6,270$4,837$3,688$2,783$2,081$1,290
25 years$5,956$4,540$3,416$2,541$1,873$1,132
26 years$5,665$4,267$3,168$2,324$1,687$995
27 years$5,397$4,015$2,942$2,127$1,521$874
28 years$5,148$3,784$2,735$1,949$1,372$769
29 years$4,917$3,569$2,545$1,787$1,239$677
30 years$4,702$3,371$2,370$1,640$1,120$596
31 years$4,501$3,187$2,210$1,506$1,012$525
32 years$4,313$3,015$2,062$1,384$916$463
33 years$4,137$2,855$1,925$1,273$829$408
34 years$3,971$2,706$1,799$1,171$750$360
35 years$3,816$2,567$1,682$1,078$680$317
36 years$3,669$2,436$1,573$993$616$280
37 years$3,530$2,314$1,472$915$558$247
38 years$3,399$2,199$1,379$843$506$218
39 years$3,276$2,091$1,292$778$459$192
40 years$3,158$1,990$1,211$717$416$170
41 years$3,047$1,894$1,135$662$378$150
42 years$2,941$1,804$1,065$611$343$132
43 years$2,840$1,719$999$564$311$117
44 years$2,745$1,638$938$520$282$103
45 years$2,653$1,562$881$481$256$91
46 years$2,566$1,490$827$444$233$80
47 years$2,483$1,422$777$410$211$71
48 years$2,404$1,358$730$379$192$63
49 years$2,328$1,296$687$350$174$55
50 years$2,255$1,238$645$324$158$49

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 $5,780 every year, while hoping to spend $42,590 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: 40/40/20 Blend
50$2,310,000$2,310,000$2,310,000$2,310,000
51$2,551,582$2,429,152$2,393,347$2,638,314
52$2,766,528$2,502,865$2,428,209$2,774,639
53$3,001,971$2,578,763$2,462,811$2,917,517
54$3,259,957$2,656,907$2,497,100$3,071,213
55$3,542,738$2,737,361$2,531,019$3,236,734
56$3,852,797$2,820,191$2,564,507$3,415,191
57$4,192,866$2,905,464$2,597,501$3,607,802
58$4,565,954$2,993,248$2,629,934$3,815,910
59$4,975,379$3,083,614$2,661,734$4,040,990
60$5,424,791$3,176,635$2,692,826$4,284,668
61$5,918,214$3,272,384$2,723,130$4,548,732
62$6,460,079$3,370,938$2,752,562$4,835,149
63$7,055,268$3,472,375$2,781,033$5,146,087
64$7,709,158$3,576,774$2,808,450$5,483,929
65$8,427,674$3,684,218$2,834,715$5,851,303
66$9,217,342$3,794,790$2,859,724$6,251,097
67$10,085,353$3,908,577$2,883,367$6,686,496
68$11,039,628$4,025,666$2,905,528$7,161,004
69$12,088,894$4,146,148$2,926,088$7,678,482
70$13,242,767$4,270,115$2,944,918$8,243,181
71$14,511,841$4,397,662$2,961,884$8,859,781
72$15,907,787$4,528,886$2,976,845$9,533,441
73$17,443,465$4,663,885$2,989,654$10,269,839
74$19,133,045$4,802,762$3,000,153$11,075,232
75$20,992,137$4,945,619$3,008,180$11,956,512
76$23,037,944$5,092,563$3,013,563$12,921,270
77$25,289,419$5,243,703$3,016,122$13,977,868
78$27,767,444$5,399,149$3,015,666$15,135,521
79$30,495,031$5,559,015$3,011,999$16,404,377
80$33,497,534$5,723,417$3,004,911$17,795,620
81$36,802,890$5,892,472$2,994,183$19,321,567
82$40,441,884$6,066,302$2,979,587$20,995,794
83$44,448,436$6,245,031$2,960,883$22,833,253
84$48,859,923$6,428,784$2,937,819$24,850,422
85$53,717,530$6,617,690$2,910,132$27,065,456
86$59,066,642$6,811,880$2,877,544$29,498,357
87$64,957,265$7,011,488$2,839,768$32,171,166
88$71,444,505$7,216,650$2,796,499$35,108,167
89$78,589,084$7,427,505$2,747,422$38,336,121
90$86,457,914$7,644,196$2,692,203$41,884,512
91$95,124,725$7,866,865$2,630,496$45,785,831
92$104,670,766$8,095,661$2,561,937$50,075,879
93$115,185,568$8,330,732$2,486,146$54,794,104
94$126,767,789$8,572,231$2,402,724$59,983,979
95$139,526,145$8,820,312$2,311,257$65,693,403
96$153,580,437$9,075,133$2,211,310$71,975,162
97$169,062,680$9,336,852$2,102,426$78,887,420
98$186,118,347$9,605,632$1,984,132$86,494,274
99$204,907,748$9,881,637$1,855,930$94,866,354
100$225,607,536$10,165,035$1,717,301$104,081,491