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%17.8%
1 years$192,409$190,695$189,023$187,391$185,797$179,922
2 years$95,252$93,478$91,759$90,092$88,475$82,609
3 years$62,871$61,089$59,374$57,723$56,132$50,459
4 years$46,683$44,907$43,209$41,586$40,034$34,598
5 years$36,973$35,208$33,532$31,942$30,433$25,249
6 years$30,502$28,750$27,099$25,544$24,081$19,152
7 years$25,881$24,144$22,519$21,001$19,584$14,911
8 years$22,418$20,696$19,098$17,618$16,247$11,826
9 years$19,725$18,019$16,449$15,006$13,682$9,508
10 years$17,572$15,883$14,341$12,936$11,658$7,725
11 years$15,812$14,140$12,625$11,258$10,026$6,327
12 years$14,346$12,691$11,205$9,875$8,689$5,215
13 years$13,107$11,469$10,011$8,718$7,577$4,321
14 years$12,045$10,425$8,995$7,739$6,642$3,595
15 years$11,126$9,524$8,121$6,902$5,848$3,001
16 years$10,323$8,738$7,363$6,180$5,168$2,512
17 years$9,615$8,047$6,700$5,552$4,583$2,107
18 years$8,986$7,436$6,116$5,004$4,075$1,771
19 years$8,424$6,891$5,599$4,521$3,632$1,491
20 years$7,919$6,404$5,139$4,095$3,244$1,257
21 years$7,463$5,965$4,726$3,716$2,903$1,061
22 years$7,048$5,568$4,356$3,379$2,602$896
23 years$6,670$5,208$4,022$3,077$2,336$757
24 years$6,325$4,879$3,720$2,807$2,099$641
25 years$6,007$4,579$3,445$2,563$1,889$542
26 years$5,714$4,303$3,195$2,344$1,702$459
27 years$5,444$4,050$2,967$2,145$1,534$389
28 years$5,193$3,816$2,758$1,966$1,384$330
29 years$4,960$3,600$2,567$1,802$1,250$279
30 years$4,743$3,400$2,391$1,654$1,130$237
31 years$4,540$3,214$2,229$1,519$1,021$201
32 years$4,350$3,041$2,080$1,396$924$170
33 years$4,173$2,880$1,942$1,284$836$144
34 years$4,006$2,730$1,814$1,181$757$123
35 years$3,849$2,589$1,696$1,087$686$104
36 years$3,701$2,457$1,587$1,002$621$88
37 years$3,561$2,334$1,485$923$563$75
38 years$3,429$2,218$1,391$851$510$64
39 years$3,304$2,109$1,303$784$463$54
40 years$3,185$2,007$1,221$723$420$46
41 years$3,073$1,910$1,145$667$381$39
42 years$2,966$1,819$1,074$616$346$33
43 years$2,865$1,733$1,008$569$314$28
44 years$2,768$1,652$946$525$285$24
45 years$2,676$1,576$889$485$258$20
46 years$2,589$1,503$835$448$235$17
47 years$2,505$1,434$784$414$213$15
48 years$2,425$1,369$737$382$194$12
49 years$2,348$1,308$692$353$176$10
50 years$2,275$1,249$651$327$160$9

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 $5,166 every year, while hoping to spend $20,954 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: 66/9/25 Blend
50$2,330,000$2,330,000$2,330,000$2,330,000
51$2,572,989$2,449,499$2,413,384$2,725,775
52$2,813,139$2,547,229$2,471,937$2,927,009
53$3,077,082$2,649,046$2,531,750$3,144,103
54$3,367,222$2,755,128$2,592,842$3,380,986
55$3,686,210$2,865,660$2,655,233$3,639,607
56$4,036,964$2,980,838$2,718,944$3,922,115
57$4,422,700$3,100,865$2,783,994$4,230,871
58$4,846,960$3,225,952$2,850,403$4,568,478
59$5,313,650$3,356,323$2,918,191$4,937,801
60$5,827,069$3,492,210$2,987,377$5,341,996
61$6,391,957$3,633,855$3,057,981$5,784,537
62$7,013,534$3,781,512$3,130,022$6,269,251
63$7,697,556$3,935,447$3,203,518$6,800,353
64$8,450,359$4,095,937$3,278,489$7,382,483
65$9,278,930$4,263,271$3,354,952$8,020,755
66$10,190,963$4,437,755$3,432,926$8,720,799
67$11,194,940$4,619,703$3,512,427$9,488,817
68$12,300,205$4,809,449$3,593,474$10,331,642
69$13,517,052$5,007,339$3,676,083$11,256,799
70$14,856,829$5,213,736$3,760,268$12,272,578
71$16,332,035$5,429,019$3,846,047$13,388,111
72$17,956,446$5,653,584$3,933,433$14,613,459
73$19,745,242$5,887,848$4,022,441$15,959,705
74$21,715,147$6,132,243$4,113,084$17,439,058
75$23,884,594$6,387,224$4,205,374$19,064,969
76$26,273,891$6,653,267$4,299,322$20,852,258
77$28,905,417$6,930,867$4,394,939$22,817,252
78$31,803,835$7,220,544$4,492,235$24,977,938
79$34,996,318$7,522,843$4,591,216$27,354,135
80$38,512,812$7,838,332$4,691,892$29,967,679
81$42,386,315$8,167,606$4,794,266$32,842,627
82$46,653,188$8,511,288$4,898,343$36,005,486
83$51,353,503$8,870,030$5,004,127$39,485,461
84$56,531,412$9,244,513$5,111,617$43,314,733
85$62,235,573$9,635,452$5,220,814$47,528,758
86$68,519,605$10,043,592$5,331,714$52,166,603
87$75,442,592$10,469,715$5,444,313$57,271,314
88$83,069,644$10,914,639$5,558,606$62,890,324
89$91,472,510$11,379,219$5,674,582$69,075,895
90$100,730,257$11,864,351$5,792,231$75,885,615
91$110,930,011$12,370,973$5,911,539$83,382,939
92$122,167,786$12,900,065$6,032,489$91,637,789
93$134,549,386$13,452,654$6,155,064$100,727,209
94$148,191,405$14,029,815$6,279,240$110,736,096
95$163,222,326$14,632,673$6,404,992$121,758,000
96$179,783,736$15,262,407$6,532,292$133,896,002
97$198,031,661$15,920,249$6,661,107$147,263,692
98$218,138,038$16,607,489$6,791,402$161,986,238
99$240,292,342$17,325,480$6,923,138$178,201,562
100$264,703,367$18,075,635$7,056,269$196,061,651