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%13.3%
1 years$191,583$189,877$188,212$186,587$185,000$182,461
2 years$94,843$93,077$91,365$89,705$88,095$85,542
3 years$62,601$60,827$59,119$57,475$55,891$53,403
4 years$46,483$44,714$43,024$41,408$39,862$37,458
5 years$36,814$35,056$33,388$31,805$30,303$27,989
6 years$30,371$28,626$26,983$25,435$23,977$21,758
7 years$25,770$24,040$22,423$20,911$19,500$17,375
8 years$22,321$20,607$19,016$17,542$16,177$14,146
9 years$19,640$17,942$16,379$14,942$13,624$11,686
10 years$17,497$15,815$14,279$12,880$11,608$9,763
11 years$15,744$14,079$12,571$11,209$9,983$8,228
12 years$14,284$12,637$11,157$9,832$8,651$6,984
13 years$13,050$11,420$9,968$8,680$7,544$5,963
14 years$11,994$10,380$8,956$7,705$6,613$5,115
15 years$11,078$9,483$8,086$6,872$5,823$4,406
16 years$10,278$8,700$7,331$6,153$5,146$3,807
17 years$9,573$8,013$6,671$5,528$4,563$3,300
18 years$8,947$7,404$6,090$4,982$4,057$2,867
19 years$8,388$6,862$5,575$4,502$3,616$2,496
20 years$7,885$6,376$5,116$4,077$3,230$2,176
21 years$7,431$5,939$4,706$3,700$2,891$1,901
22 years$7,018$5,544$4,337$3,365$2,591$1,662
23 years$6,642$5,185$4,005$3,064$2,326$1,456
24 years$6,298$4,858$3,704$2,795$2,090$1,276
25 years$5,981$4,559$3,430$2,552$1,881$1,119
26 years$5,690$4,285$3,182$2,334$1,694$982
27 years$5,420$4,033$2,954$2,136$1,528$863
28 years$5,171$3,800$2,746$1,957$1,378$758
29 years$4,939$3,585$2,556$1,795$1,245$667
30 years$4,723$3,386$2,381$1,647$1,125$587
31 years$4,521$3,200$2,219$1,513$1,017$516
32 years$4,332$3,028$2,071$1,390$920$455
33 years$4,155$2,868$1,933$1,278$832$400
34 years$3,989$2,718$1,807$1,176$754$353
35 years$3,832$2,578$1,689$1,083$683$311
36 years$3,685$2,447$1,580$997$618$274
37 years$3,546$2,324$1,479$919$561$241
38 years$3,414$2,209$1,385$847$508$213
39 years$3,290$2,100$1,297$781$461$188
40 years$3,172$1,998$1,216$720$418$165
41 years$3,060$1,902$1,140$665$379$146
42 years$2,954$1,811$1,070$613$344$129
43 years$2,853$1,726$1,004$566$312$114
44 years$2,756$1,645$942$523$283$100
45 years$2,665$1,569$885$483$257$88
46 years$2,577$1,497$831$446$234$78
47 years$2,494$1,428$781$412$212$69
48 years$2,414$1,363$734$381$193$61
49 years$2,338$1,302$690$352$175$54
50 years$2,265$1,244$648$325$159$47

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 $3,106 every year, while hoping to spend $21,501 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: 83/8/9 Blend
50$2,320,000$2,320,000$2,320,000$2,320,000
51$2,559,844$2,436,884$2,400,924$2,768,919
52$2,798,071$2,533,414$2,458,478$3,002,658
53$3,059,877$2,633,954$2,517,239$3,256,091
54$3,347,643$2,738,677$2,577,226$3,533,735
55$3,663,995$2,847,765$2,638,456$3,838,010
56$4,011,824$2,961,407$2,700,945$4,171,577
57$4,394,316$3,079,801$2,764,713$4,537,369
58$4,814,981$3,203,156$2,829,775$4,938,615
59$5,277,685$3,331,687$2,896,149$5,378,871
60$5,786,690$3,465,620$2,963,850$5,862,057
61$6,346,689$3,605,193$3,032,897$6,392,486
62$6,962,856$3,750,652$3,103,303$6,974,912
63$7,640,890$3,902,256$3,175,086$7,614,572
64$8,387,069$4,060,275$3,248,260$8,317,232
65$9,208,313$4,224,991$3,322,840$9,089,247
66$10,112,245$4,396,700$3,398,839$9,937,615
67$11,107,266$4,575,710$3,476,272$10,870,048
68$12,202,632$4,762,345$3,555,152$11,895,039
69$13,408,541$4,956,940$3,635,490$13,021,948
70$14,736,232$5,159,850$3,717,299$14,261,083
71$16,198,089$5,371,444$3,800,589$15,623,804
72$17,807,755$5,592,106$3,885,370$17,122,625
73$19,580,268$5,822,241$3,971,652$18,771,332
74$21,532,195$6,062,270$4,059,442$20,585,117
75$23,681,792$6,312,635$4,148,747$22,580,716
76$26,049,178$6,573,797$4,239,573$24,776,569
77$28,656,520$6,846,239$4,331,925$27,192,993
78$31,528,247$7,130,466$4,425,805$29,852,374
79$34,691,275$7,427,007$4,521,217$32,779,378
80$38,175,268$7,736,413$4,618,161$36,001,182
81$42,012,910$8,059,262$4,716,634$39,547,731
82$46,240,221$8,396,160$4,816,635$43,452,019
83$50,896,890$8,747,738$4,918,159$47,750,403
84$56,026,655$9,114,659$5,021,200$52,482,943
85$61,677,712$9,497,615$5,125,748$57,693,778
86$67,903,171$9,897,331$5,231,792$63,431,548
87$74,761,558$10,314,564$5,339,321$69,749,846
88$82,317,367$10,750,108$5,448,319$76,707,727
89$90,641,668$11,204,792$5,558,767$84,370,264
90$99,812,777$11,679,486$5,670,645$92,809,161
91$109,916,998$12,175,099$5,783,929$102,103,431
92$121,049,433$12,692,580$5,898,592$112,340,139
93$133,314,886$13,232,927$6,014,605$123,615,222
94$146,828,844$13,797,180$6,131,935$136,034,401
95$161,718,576$14,386,431$6,250,543$149,714,167
96$178,124,325$15,001,821$6,370,391$164,782,892
97$196,200,640$15,644,544$6,491,433$181,382,028
98$216,117,830$16,315,851$6,613,621$199,667,453
99$238,063,571$17,017,051$6,736,900$219,810,932
100$262,244,683$17,749,514$6,861,214$242,001,742