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%14.7%
1 years$190,758$189,058$187,401$185,783$184,203$180,631
2 years$94,434$92,676$90,971$89,319$87,716$84,132
3 years$62,331$60,565$58,864$57,227$55,650$52,166
4 years$46,282$44,521$42,838$41,229$39,690$36,333
5 years$36,656$34,905$33,244$31,668$30,172$26,950
6 years$30,240$28,503$26,866$25,325$23,874$20,792
7 years$25,659$23,937$22,326$20,821$19,416$16,474
8 years$22,225$20,518$18,934$17,466$16,107$13,305
9 years$19,556$17,865$16,308$14,877$13,565$10,900
10 years$17,421$15,747$14,218$12,824$11,558$9,028
11 years$15,676$14,019$12,517$11,161$9,940$7,542
12 years$14,223$12,582$11,109$9,790$8,614$6,345
13 years$12,994$11,371$9,925$8,643$7,512$5,367
14 years$11,942$10,336$8,917$7,672$6,585$4,561
15 years$11,031$9,442$8,051$6,842$5,798$3,891
16 years$10,234$8,663$7,300$6,127$5,124$3,330
17 years$9,532$7,978$6,642$5,505$4,543$2,857
18 years$8,909$7,372$6,064$4,961$4,040$2,457
19 years$8,352$6,832$5,551$4,482$3,601$2,117
20 years$7,851$6,349$5,094$4,060$3,216$1,827
21 years$7,398$5,914$4,686$3,684$2,878$1,579
22 years$6,988$5,520$4,319$3,350$2,580$1,366
23 years$6,613$5,163$3,988$3,051$2,316$1,183
24 years$6,270$4,837$3,688$2,783$2,081$1,026
25 years$5,956$4,540$3,416$2,541$1,873$890
26 years$5,665$4,267$3,168$2,324$1,687$773
27 years$5,397$4,015$2,942$2,127$1,521$671
28 years$5,148$3,784$2,735$1,949$1,372$583
29 years$4,917$3,569$2,545$1,787$1,239$507
30 years$4,702$3,371$2,370$1,640$1,120$441
31 years$4,501$3,187$2,210$1,506$1,012$384
32 years$4,313$3,015$2,062$1,384$916$334
33 years$4,137$2,855$1,925$1,273$829$291
34 years$3,971$2,706$1,799$1,171$750$253
35 years$3,816$2,567$1,682$1,078$680$220
36 years$3,669$2,436$1,573$993$616$192
37 years$3,530$2,314$1,472$915$558$167
38 years$3,399$2,199$1,379$843$506$146
39 years$3,276$2,091$1,292$778$459$127
40 years$3,158$1,990$1,211$717$416$111
41 years$3,047$1,894$1,135$662$378$96
42 years$2,941$1,804$1,065$611$343$84
43 years$2,840$1,719$999$564$311$73
44 years$2,745$1,638$938$520$282$64
45 years$2,653$1,562$881$481$256$56
46 years$2,566$1,490$827$444$233$48
47 years$2,483$1,422$777$410$211$42
48 years$2,404$1,358$730$379$192$37
49 years$2,328$1,296$687$350$174$32
50 years$2,255$1,238$645$324$158$28

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 $3,689 every year, while hoping to spend $42,730 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: 58/35/7 Blend
50$2,310,000$2,310,000$2,310,000$2,310,000
51$2,549,425$2,426,995$2,391,190$2,693,253
52$2,764,002$2,500,454$2,425,831$2,863,754
53$2,999,034$2,576,079$2,460,199$3,044,342
54$3,256,562$2,653,933$2,494,242$3,240,106
55$3,538,833$2,734,079$2,527,902$3,452,503
56$3,848,325$2,816,579$2,561,117$3,683,135
57$4,187,764$2,901,501$2,593,824$3,933,763
58$4,560,153$2,988,912$2,625,954$4,206,328
59$4,968,800$3,078,880$2,657,436$4,502,964
60$5,417,350$3,171,478$2,688,193$4,826,022
61$5,909,817$3,266,778$2,718,144$5,178,088
62$6,450,623$3,364,854$2,747,206$5,562,009
63$7,044,637$3,465,783$2,775,289$5,980,921
64$7,697,227$3,569,643$2,802,298$6,438,275
65$8,414,303$3,676,514$2,828,134$6,937,871
66$9,202,378$3,786,479$2,852,692$7,483,896
67$10,068,625$3,899,621$2,875,862$8,080,957
68$11,020,949$4,016,027$2,897,527$8,734,129
69$12,068,058$4,135,784$2,917,566$9,449,003
70$13,219,546$4,258,984$2,935,851$10,231,734
71$14,485,982$4,385,717$2,952,245$11,089,103
72$15,879,014$4,516,078$2,966,606$12,028,577
73$17,411,471$4,650,164$2,978,785$13,058,383
74$19,097,493$4,788,074$2,988,626$14,187,582
75$20,952,655$4,929,907$2,995,963$15,426,155
76$22,994,121$5,075,768$3,000,623$16,785,098
77$25,240,802$5,225,761$3,002,425$18,276,524
78$27,713,535$5,379,995$3,001,177$19,913,777
79$30,435,279$5,538,578$2,996,680$21,711,558
80$33,431,332$5,701,623$2,988,723$23,686,062
81$36,729,570$5,869,244$2,977,088$25,855,133
82$40,360,707$6,041,559$2,961,542$28,238,428
83$44,358,590$6,218,685$2,941,843$30,857,607
84$48,760,511$6,400,745$2,917,740$33,736,533
85$53,607,564$6,587,863$2,888,965$36,901,498
86$58,945,031$6,780,164$2,855,241$40,381,470
87$64,822,808$6,977,776$2,816,276$44,208,368
88$71,295,879$7,180,832$2,771,766$48,417,362
89$78,424,829$7,389,463$2,721,390$53,047,200
90$86,276,420$7,603,805$2,664,815$58,140,581
91$94,924,220$7,823,996$2,601,691$63,744,551
92$104,449,295$8,050,176$2,531,652$69,910,950
93$114,940,975$8,282,488$2,454,315$76,696,900
94$126,497,700$8,521,075$2,369,280$84,165,343
95$139,227,942$8,766,084$2,276,127$92,385,635
96$153,251,234$9,017,664$2,174,419$101,434,200
97$168,699,296$9,275,966$2,063,699$111,395,249
98$185,717,278$9,541,142$1,943,487$122,361,580
99$204,465,130$9,813,348$1,813,283$134,435,447
100$225,119,111$10,092,739$1,672,565$147,729,528