Can I retire at age 51 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$191,583$189,877$188,212$186,587$185,000$182,386
2 years$94,843$93,077$91,365$89,705$88,095$85,467
3 years$62,601$60,827$59,119$57,475$55,891$53,330
4 years$46,483$44,714$43,024$41,408$39,862$37,388
5 years$36,814$35,056$33,388$31,805$30,303$27,922
6 years$30,371$28,626$26,983$25,435$23,977$21,694
7 years$25,770$24,040$22,423$20,911$19,500$17,314
8 years$22,321$20,607$19,016$17,542$16,177$14,089
9 years$19,640$17,942$16,379$14,942$13,624$11,632
10 years$17,497$15,815$14,279$12,880$11,608$9,711
11 years$15,744$14,079$12,571$11,209$9,983$8,180
12 years$14,284$12,637$11,157$9,832$8,651$6,939
13 years$13,050$11,420$9,968$8,680$7,544$5,920
14 years$11,994$10,380$8,956$7,705$6,613$5,075
15 years$11,078$9,483$8,086$6,872$5,823$4,368
16 years$10,278$8,700$7,331$6,153$5,146$3,772
17 years$9,573$8,013$6,671$5,528$4,563$3,267
18 years$8,947$7,404$6,090$4,982$4,057$2,836
19 years$8,388$6,862$5,575$4,502$3,616$2,467
20 years$7,885$6,376$5,116$4,077$3,230$2,150
21 years$7,431$5,939$4,706$3,700$2,891$1,877
22 years$7,018$5,544$4,337$3,365$2,591$1,640
23 years$6,642$5,185$4,005$3,064$2,326$1,435
24 years$6,298$4,858$3,704$2,795$2,090$1,256
25 years$5,981$4,559$3,430$2,552$1,881$1,101
26 years$5,690$4,285$3,182$2,334$1,694$966
27 years$5,420$4,033$2,954$2,136$1,528$848
28 years$5,171$3,800$2,746$1,957$1,378$745
29 years$4,939$3,585$2,556$1,795$1,245$654
30 years$4,723$3,386$2,381$1,647$1,125$575
31 years$4,521$3,200$2,219$1,513$1,017$506
32 years$4,332$3,028$2,071$1,390$920$445
33 years$4,155$2,868$1,933$1,278$832$392
34 years$3,989$2,718$1,807$1,176$754$345
35 years$3,832$2,578$1,689$1,083$683$303
36 years$3,685$2,447$1,580$997$618$267
37 years$3,546$2,324$1,479$919$561$235
38 years$3,414$2,209$1,385$847$508$207
39 years$3,290$2,100$1,297$781$461$183
40 years$3,172$1,998$1,216$720$418$161
41 years$3,060$1,902$1,140$665$379$142
42 years$2,954$1,811$1,070$613$344$125
43 years$2,853$1,726$1,004$566$312$110
44 years$2,756$1,645$942$523$283$97
45 years$2,665$1,569$885$483$257$86
46 years$2,577$1,497$831$446$234$75
47 years$2,494$1,428$781$412$212$66
48 years$2,414$1,363$734$381$193$59
49 years$2,338$1,302$690$352$175$52
50 years$2,265$1,244$648$325$159$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,320,000, adding $5,814 every year, while hoping to spend $22,323 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: 53/19/28 Blend
50$2,320,000$2,320,000$2,320,000$2,320,000
51$2,562,637$2,439,677$2,403,717$2,678,137
52$2,800,275$2,535,470$2,460,490$2,854,617
53$3,061,403$2,635,208$2,518,417$3,043,828
54$3,348,395$2,739,062$2,577,512$3,249,305
55$3,663,863$2,847,209$2,637,792$3,472,614
56$4,010,689$2,959,833$2,699,269$3,715,478
57$4,392,044$3,077,129$2,761,959$3,979,793
58$4,811,423$3,199,300$2,825,875$4,267,645
59$5,272,678$3,326,555$2,891,032$4,581,329
60$5,780,051$3,459,116$2,957,441$4,923,372
61$6,338,217$3,597,214$3,025,117$5,296,552
62$6,952,327$3,741,089$3,094,070$5,703,931
63$7,628,056$3,890,994$3,164,313$6,148,876
64$8,371,658$4,047,193$3,235,857$6,635,096
65$9,190,021$4,209,959$3,308,713$7,166,672
66$10,090,737$4,379,581$3,382,889$7,748,098
67$11,082,171$4,556,360$3,458,395$8,384,323
68$12,173,541$4,740,610$3,535,239$9,080,795
69$13,375,001$4,932,659$3,613,429$9,843,513
70$14,697,743$5,132,850$3,692,970$10,679,083
71$16,154,096$5,341,544$3,773,868$11,594,782
72$17,757,650$5,559,115$3,856,128$12,598,619
73$19,523,374$5,785,956$3,939,753$13,699,420
74$21,467,767$6,022,477$4,024,743$14,906,903
75$23,609,008$6,269,107$4,111,101$16,231,770
76$25,967,129$6,526,295$4,198,825$17,685,811
77$28,564,203$6,794,511$4,287,913$19,282,011
78$31,424,554$7,074,244$4,378,360$21,034,673
79$34,574,986$7,366,009$4,470,162$22,959,553
80$38,045,033$7,670,342$4,563,311$25,074,006
81$41,867,241$7,987,804$4,657,797$27,397,151
82$46,077,476$8,318,982$4,753,610$29,950,048
83$50,715,258$8,664,492$4,850,735$32,755,898
84$55,824,136$9,024,974$4,949,157$35,840,261
85$61,452,102$9,401,102$5,048,857$39,231,295
86$67,652,039$9,793,578$5,149,816$42,960,021
87$74,482,221$10,203,137$5,252,009$47,060,616
88$82,006,866$10,630,550$5,355,410$51,570,731
89$90,296,741$11,076,621$5,459,991$56,531,851
90$99,429,825$11,542,192$5,565,717$61,989,680
91$109,492,053$12,028,145$5,672,555$67,994,574
92$120,578,121$12,535,402$5,780,463$74,602,013
93$132,792,380$13,064,928$5,889,400$81,873,125
94$146,249,825$13,617,732$5,999,317$89,875,262
95$161,077,178$14,194,871$6,110,164$98,682,633
96$177,414,081$14,797,451$6,221,886$108,377,001
97$195,414,420$15,426,629$6,334,422$119,048,459
98$215,247,773$16,083,616$6,447,707$130,796,273
99$237,101,012$16,769,679$6,561,671$143,729,821
100$261,180,067$17,486,145$6,676,239$157,969,620