Can I retire at age 51 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$192,409$190,695$189,023$187,391$185,797$181,972
2 years$95,252$93,478$91,759$90,092$88,475$84,638
3 years$62,871$61,089$59,374$57,723$56,132$52,404
4 years$46,683$44,907$43,209$41,586$40,034$36,443
5 years$36,973$35,208$33,532$31,942$30,433$26,989
6 years$30,502$28,750$27,099$25,544$24,081$20,788
7 years$25,881$24,144$22,519$21,001$19,584$16,443
8 years$22,418$20,696$19,098$17,618$16,247$13,257
9 years$19,725$18,019$16,449$15,006$13,682$10,841
10 years$17,572$15,883$14,341$12,936$11,658$8,962
11 years$15,812$14,140$12,625$11,258$10,026$7,473
12 years$14,346$12,691$11,205$9,875$8,689$6,275
13 years$13,107$11,469$10,011$8,718$7,577$5,297
14 years$12,045$10,425$8,995$7,739$6,642$4,493
15 years$11,126$9,524$8,121$6,902$5,848$3,825
16 years$10,323$8,738$7,363$6,180$5,168$3,266
17 years$9,615$8,047$6,700$5,552$4,583$2,796
18 years$8,986$7,436$6,116$5,004$4,075$2,400
19 years$8,424$6,891$5,599$4,521$3,632$2,063
20 years$7,919$6,404$5,139$4,095$3,244$1,776
21 years$7,463$5,965$4,726$3,716$2,903$1,532
22 years$7,048$5,568$4,356$3,379$2,602$1,322
23 years$6,670$5,208$4,022$3,077$2,336$1,142
24 years$6,325$4,879$3,720$2,807$2,099$988
25 years$6,007$4,579$3,445$2,563$1,889$855
26 years$5,714$4,303$3,195$2,344$1,702$741
27 years$5,444$4,050$2,967$2,145$1,534$642
28 years$5,193$3,816$2,758$1,966$1,384$556
29 years$4,960$3,600$2,567$1,802$1,250$482
30 years$4,743$3,400$2,391$1,654$1,130$419
31 years$4,540$3,214$2,229$1,519$1,021$363
32 years$4,350$3,041$2,080$1,396$924$315
33 years$4,173$2,880$1,942$1,284$836$274
34 years$4,006$2,730$1,814$1,181$757$238
35 years$3,849$2,589$1,696$1,087$686$207
36 years$3,701$2,457$1,587$1,002$621$179
37 years$3,561$2,334$1,485$923$563$156
38 years$3,429$2,218$1,391$851$510$135
39 years$3,304$2,109$1,303$784$463$118
40 years$3,185$2,007$1,221$723$420$102
41 years$3,073$1,910$1,145$667$381$89
42 years$2,966$1,819$1,074$616$346$77
43 years$2,865$1,733$1,008$569$314$67
44 years$2,768$1,652$946$525$285$58
45 years$2,676$1,576$889$485$258$51
46 years$2,589$1,503$835$448$235$44
47 years$2,505$1,434$784$414$213$38
48 years$2,425$1,369$737$382$194$33
49 years$2,348$1,308$692$353$176$29
50 years$2,275$1,249$651$327$160$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,330,000, adding $5,112 every year, while hoping to spend $45,552 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: 60/23/17 Blend
50$2,330,000$2,330,000$2,330,000$2,330,000
51$2,572,933$2,449,443$2,413,328$2,715,798
52$2,786,905$2,520,999$2,445,708$2,884,430
53$3,021,176$2,594,534$2,477,645$3,062,802
54$3,277,767$2,670,098$2,509,078$3,256,337
55$3,558,907$2,747,740$2,539,939$3,466,509
56$3,867,047$2,827,510$2,570,158$3,694,937
57$4,204,889$2,909,462$2,599,662$3,943,410
58$4,575,408$2,993,646$2,628,371$4,213,891
59$4,981,881$3,080,116$2,656,203$4,508,548
60$5,427,917$3,168,926$2,683,070$4,829,763
61$5,917,492$3,260,131$2,708,881$5,180,163
62$6,454,986$3,353,787$2,733,538$5,562,640
63$7,045,223$3,449,950$2,756,939$5,980,380
64$7,693,516$3,548,678$2,778,977$6,436,891
65$8,405,720$3,650,029$2,799,538$6,936,039
66$9,188,283$3,754,061$2,818,503$7,482,080
67$10,048,312$3,860,833$2,835,746$8,079,706
68$10,993,632$3,970,407$2,851,137$8,734,083
69$12,032,868$4,082,842$2,864,535$9,450,902
70$13,175,519$4,198,199$2,875,795$10,236,436
71$14,432,052$4,316,541$2,884,764$11,097,592
72$15,813,999$4,437,930$2,891,282$12,041,984
73$17,334,066$4,562,427$2,895,179$13,077,996
74$19,006,252$4,690,097$2,896,278$14,214,870
75$20,845,980$4,821,002$2,894,394$15,462,787
76$22,870,245$4,955,206$2,889,331$16,832,964
77$25,097,771$5,092,773$2,880,885$18,337,762
78$27,549,189$5,233,764$2,868,840$19,990,800
79$30,247,233$5,378,245$2,852,973$21,807,085
80$33,216,950$5,526,279$2,833,047$23,803,153
81$36,485,940$5,677,927$2,808,815$25,997,225
82$40,084,614$5,833,254$2,780,019$28,409,377
83$44,046,482$5,992,321$2,746,386$31,061,736
84$48,408,468$6,155,188$2,707,634$33,978,679
85$53,211,256$6,321,918$2,663,465$37,187,072
86$58,499,681$6,492,569$2,613,568$40,716,517
87$64,323,143$6,667,199$2,557,617$44,599,635
88$70,736,078$6,845,865$2,495,271$48,872,374
89$77,798,469$7,028,624$2,426,174$53,574,345
90$85,576,414$7,215,528$2,349,952$58,749,201
91$94,142,748$7,406,629$2,266,216$64,445,044
92$103,577,731$7,601,976$2,174,556$70,714,882
93$113,969,804$7,801,617$2,074,548$77,617,130
94$125,416,423$8,005,596$1,965,745$85,216,157
95$138,024,981$8,213,952$1,847,680$93,582,902
96$151,913,818$8,426,725$1,719,866$102,795,533
97$167,213,341$8,643,948$1,581,795$112,940,195
98$184,067,250$8,865,651$1,432,934$124,111,819
99$202,633,901$9,091,858$1,272,728$136,415,015
100$223,087,791$9,322,592$1,100,597$149,965,066