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%13.5%
1 years$191,583$189,877$188,212$186,587$185,000$182,311
2 years$94,843$93,077$91,365$89,705$88,095$85,391
3 years$62,601$60,827$59,119$57,475$55,891$53,257
4 years$46,483$44,714$43,024$41,408$39,862$37,318
5 years$36,814$35,056$33,388$31,805$30,303$27,855
6 years$30,371$28,626$26,983$25,435$23,977$21,630
7 years$25,770$24,040$22,423$20,911$19,500$17,254
8 years$22,321$20,607$19,016$17,542$16,177$14,032
9 years$19,640$17,942$16,379$14,942$13,624$11,578
10 years$17,497$15,815$14,279$12,880$11,608$9,660
11 years$15,744$14,079$12,571$11,209$9,983$8,131
12 years$14,284$12,637$11,157$9,832$8,651$6,893
13 years$13,050$11,420$9,968$8,680$7,544$5,878
14 years$11,994$10,380$8,956$7,705$6,613$5,036
15 years$11,078$9,483$8,086$6,872$5,823$4,331
16 years$10,278$8,700$7,331$6,153$5,146$3,738
17 years$9,573$8,013$6,671$5,528$4,563$3,235
18 years$8,947$7,404$6,090$4,982$4,057$2,806
19 years$8,388$6,862$5,575$4,502$3,616$2,439
20 years$7,885$6,376$5,116$4,077$3,230$2,124
21 years$7,431$5,939$4,706$3,700$2,891$1,852
22 years$7,018$5,544$4,337$3,365$2,591$1,618
23 years$6,642$5,185$4,005$3,064$2,326$1,414
24 years$6,298$4,858$3,704$2,795$2,090$1,238
25 years$5,981$4,559$3,430$2,552$1,881$1,084
26 years$5,690$4,285$3,182$2,334$1,694$950
27 years$5,420$4,033$2,954$2,136$1,528$833
28 years$5,171$3,800$2,746$1,957$1,378$731
29 years$4,939$3,585$2,556$1,795$1,245$642
30 years$4,723$3,386$2,381$1,647$1,125$564
31 years$4,521$3,200$2,219$1,513$1,017$495
32 years$4,332$3,028$2,071$1,390$920$435
33 years$4,155$2,868$1,933$1,278$832$383
34 years$3,989$2,718$1,807$1,176$754$337
35 years$3,832$2,578$1,689$1,083$683$296
36 years$3,685$2,447$1,580$997$618$261
37 years$3,546$2,324$1,479$919$561$229
38 years$3,414$2,209$1,385$847$508$202
39 years$3,290$2,100$1,297$781$461$178
40 years$3,172$1,998$1,216$720$418$156
41 years$3,060$1,902$1,140$665$379$138
42 years$2,954$1,811$1,070$613$344$121
43 years$2,853$1,726$1,004$566$312$107
44 years$2,756$1,645$942$523$283$94
45 years$2,665$1,569$885$483$257$83
46 years$2,577$1,497$831$446$234$73
47 years$2,494$1,428$781$412$212$64
48 years$2,414$1,363$734$381$193$57
49 years$2,338$1,302$690$352$175$50
50 years$2,265$1,244$648$325$159$44

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 $5,323 every year, while hoping to spend $56,525 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: 88/7/5 Blend
50$2,320,000$2,320,000$2,320,000$2,320,000
51$2,562,131$2,439,171$2,403,211$2,787,425
52$2,763,326$2,498,548$2,423,576$2,994,175
53$2,983,148$2,558,940$2,442,729$3,212,954
54$3,223,439$2,620,337$2,460,570$3,451,594
55$3,486,223$2,682,727$2,476,992$3,712,053
56$3,773,732$2,746,095$2,491,886$3,996,487
57$4,088,422$2,810,424$2,505,134$4,307,273
58$4,432,999$2,875,692$2,516,613$4,647,025
59$4,810,440$2,941,876$2,526,195$5,018,624
60$5,224,026$3,008,949$2,533,744$5,425,242
61$5,677,371$3,076,882$2,539,118$5,870,374
62$6,174,452$3,145,638$2,542,168$6,357,867
63$6,719,652$3,215,180$2,542,736$6,891,961
64$7,317,797$3,285,465$2,540,659$7,477,325
65$7,974,205$3,356,445$2,535,763$8,119,103
66$8,694,731$3,428,068$2,527,869$8,822,960
67$9,485,826$3,500,276$2,516,785$9,595,140
68$10,354,596$3,573,005$2,502,313$10,442,517
69$11,308,869$3,646,187$2,484,245$11,372,668
70$12,357,269$3,719,745$2,462,362$12,393,939
71$13,509,294$3,793,596$2,436,435$13,515,524
72$14,775,410$3,867,651$2,406,224$14,747,554
73$16,167,148$3,941,812$2,371,478$16,101,190
74$17,697,210$4,015,973$2,331,935$17,588,729
75$19,379,589$4,090,019$2,287,319$19,223,721
76$21,229,705$4,163,828$2,237,342$21,021,094
77$23,264,545$4,237,266$2,181,703$22,997,296
78$25,502,825$4,310,189$2,120,087$25,170,451
79$27,965,167$4,382,441$2,052,163$27,560,529
80$30,674,290$4,453,857$1,977,587$30,189,535
81$33,655,230$4,524,258$1,895,998$33,081,712
82$36,935,568$4,593,451$1,807,018$36,263,778
83$40,545,697$4,661,232$1,710,255$39,765,169
84$44,519,104$4,727,378$1,605,295$43,618,324
85$48,892,688$4,791,655$1,491,707$47,858,986
86$53,707,106$4,853,810$1,369,043$52,526,541
87$59,007,156$4,913,572$1,236,831$57,664,390
88$64,842,202$4,970,653$1,094,581$63,320,357
89$71,266,637$5,024,745$941,779$69,547,141
90$78,340,395$5,075,519$777,891$76,402,815
91$86,129,521$5,122,625$602,355$83,951,369
92$94,706,787$5,165,688$414,589$92,263,321
93$104,152,384$5,204,312$213,983$101,416,374
94$114,554,676$5,238,071$0$111,496,158
95$126,011,031$5,266,516$0$122,597,035
96$138,628,746$5,289,165$0$134,835,164
97$152,526,053$5,305,508$0$148,313,736
98$167,833,235$5,315,003$0$163,159,057
99$184,693,861$5,317,074$0$179,510,310
100$203,266,132$5,311,108$0$197,520,869