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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.9%
1 years$191,583$189,877$188,212$186,587$185,000$180,528
2 years$94,843$93,077$91,365$89,705$88,095$83,616
3 years$62,601$60,827$59,119$57,475$55,891$51,546
4 years$46,483$44,714$43,024$41,408$39,862$35,683
5 years$36,814$35,056$33,388$31,805$30,303$26,302
6 years$30,371$28,626$26,983$25,435$23,977$20,160
7 years$25,770$24,040$22,423$20,911$19,500$15,865
8 years$22,321$20,607$19,016$17,542$16,177$12,724
9 years$19,640$17,942$16,379$14,942$13,624$10,349
10 years$17,497$15,815$14,279$12,880$11,608$8,509
11 years$15,744$14,079$12,571$11,209$9,983$7,054
12 years$14,284$12,637$11,157$9,832$8,651$5,888
13 years$13,050$11,420$9,968$8,680$7,544$4,941
14 years$11,994$10,380$8,956$7,705$6,613$4,165
15 years$11,078$9,483$8,086$6,872$5,823$3,523
16 years$10,278$8,700$7,331$6,153$5,146$2,990
17 years$9,573$8,013$6,671$5,528$4,563$2,543
18 years$8,947$7,404$6,090$4,982$4,057$2,168
19 years$8,388$6,862$5,575$4,502$3,616$1,851
20 years$7,885$6,376$5,116$4,077$3,230$1,583
21 years$7,431$5,939$4,706$3,700$2,891$1,356
22 years$7,018$5,544$4,337$3,365$2,591$1,162
23 years$6,642$5,185$4,005$3,064$2,326$997
24 years$6,298$4,858$3,704$2,795$2,090$856
25 years$5,981$4,559$3,430$2,552$1,881$736
26 years$5,690$4,285$3,182$2,334$1,694$633
27 years$5,420$4,033$2,954$2,136$1,528$544
28 years$5,171$3,800$2,746$1,957$1,378$468
29 years$4,939$3,585$2,556$1,795$1,245$403
30 years$4,723$3,386$2,381$1,647$1,125$347
31 years$4,521$3,200$2,219$1,513$1,017$299
32 years$4,332$3,028$2,071$1,390$920$258
33 years$4,155$2,868$1,933$1,278$832$222
34 years$3,989$2,718$1,807$1,176$754$191
35 years$3,832$2,578$1,689$1,083$683$165
36 years$3,685$2,447$1,580$997$618$142
37 years$3,546$2,324$1,479$919$561$123
38 years$3,414$2,209$1,385$847$508$106
39 years$3,290$2,100$1,297$781$461$91
40 years$3,172$1,998$1,216$720$418$79
41 years$3,060$1,902$1,140$665$379$68
42 years$2,954$1,811$1,070$613$344$59
43 years$2,853$1,726$1,004$566$312$50
44 years$2,756$1,645$942$523$283$44
45 years$2,665$1,569$885$483$257$38
46 years$2,577$1,497$831$446$234$32
47 years$2,494$1,428$781$412$212$28
48 years$2,414$1,363$734$381$193$24
49 years$2,338$1,302$690$352$175$21
50 years$2,265$1,244$648$325$159$18

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 $6,670 every year, while hoping to spend $59,106 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: 56/35/9 Blend
50$2,320,000$2,320,000$2,320,000$2,320,000
51$2,563,520$2,440,560$2,404,600$2,701,183
52$2,762,111$2,497,259$2,422,266$2,851,590
53$2,978,977$2,554,756$2,438,542$3,008,199
54$3,215,920$2,613,026$2,453,321$3,177,348
55$3,474,923$2,672,044$2,466,487$3,360,240
56$3,758,171$2,731,779$2,477,919$3,558,201
57$4,068,067$2,792,199$2,487,493$3,772,691
58$4,407,259$2,853,267$2,495,073$4,005,318
59$4,778,663$2,914,940$2,500,521$4,257,854
60$5,185,489$2,977,174$2,503,691$4,532,248
61$5,631,272$3,039,919$2,504,428$4,830,651
62$6,119,906$3,103,119$2,502,571$5,155,431
63$6,655,680$3,166,715$2,497,950$5,509,196
64$7,243,316$3,230,641$2,490,388$5,894,820
65$7,888,016$3,294,825$2,479,698$6,315,471
66$8,595,512$3,359,189$2,465,686$6,774,638
67$9,372,114$3,423,650$2,448,147$7,276,166
68$10,224,775$3,488,114$2,426,865$7,824,292
69$11,161,154$3,552,483$2,401,616$8,423,686
70$12,189,687$3,616,650$2,372,166$9,079,493
71$13,319,668$3,680,499$2,338,267$9,797,384
72$14,561,336$3,743,906$2,299,661$10,583,607
73$15,925,971$3,806,736$2,256,078$11,445,050
74$17,425,999$3,868,845$2,207,236$12,389,301
75$19,075,111$3,930,078$2,152,838$13,424,726
76$20,888,390$3,990,269$2,092,576$14,560,543
77$22,882,453$4,049,240$2,026,124$15,806,911
78$25,075,609$4,106,798$1,953,145$17,175,028
79$27,488,030$4,162,740$1,873,284$18,677,235
80$30,141,941$4,216,846$1,786,171$20,327,133
81$33,061,830$4,268,883$1,691,419$22,139,712
82$36,274,678$4,318,600$1,588,623$24,131,493
83$39,810,214$4,365,730$1,477,361$26,320,686
84$43,701,194$4,409,989$1,357,190$28,727,360
85$47,983,709$4,451,072$1,227,650$31,373,633
86$52,697,528$4,488,655$1,088,256$34,283,884
87$57,886,470$4,522,393$938,507$37,484,981
88$63,598,819$4,551,919$777,876$41,006,538
89$69,887,777$4,576,842$605,813$44,881,194
90$76,811,967$4,596,744$421,746$49,144,919
91$84,435,988$4,611,185$225,074$53,837,361
92$92,831,019$4,619,693$15,174$59,002,215
93$102,075,494$4,621,769$0$64,687,642
94$112,255,840$4,616,881$0$70,966,773
95$123,467,293$4,604,466$0$77,880,912
96$135,814,798$4,583,926$0$85,493,144
97$149,413,994$4,554,625$0$93,874,600
98$164,392,310$4,515,890$0$103,103,671
99$180,890,164$4,467,007$0$113,266,750
100$199,062,288$4,407,218$0$124,459,046