Can I retire at age 51 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$194,061$192,332$190,646$189,000$187,392$184,516
2 years$96,070$94,280$92,546$90,865$89,234$86,343
3 years$63,410$61,613$59,884$58,218$56,614$53,798
4 years$47,084$45,292$43,580$41,943$40,378$37,659
5 years$37,290$35,510$33,820$32,216$30,694$28,081
6 years$30,764$28,996$27,331$25,764$24,287$21,782
7 years$26,103$24,351$22,713$21,182$19,752$17,355
8 years$22,610$20,873$19,262$17,769$16,386$14,098
9 years$19,894$18,174$16,590$15,135$13,800$11,618
10 years$17,723$16,020$14,464$13,047$11,758$9,682
11 years$15,948$14,261$12,734$11,354$10,112$8,140
12 years$14,469$12,800$11,301$9,959$8,763$6,892
13 years$13,219$11,568$10,097$8,793$7,642$5,869
14 years$12,149$10,515$9,072$7,805$6,699$5,021
15 years$11,222$9,605$8,191$6,961$5,898$4,313
16 years$10,411$8,813$7,426$6,233$5,213$3,717
17 years$9,697$8,116$6,757$5,600$4,622$3,212
18 years$9,063$7,500$6,169$5,047$4,110$2,782
19 years$8,496$6,951$5,647$4,560$3,663$2,415
20 years$7,987$6,459$5,183$4,130$3,272$2,100
21 years$7,527$6,016$4,767$3,748$2,928$1,829
22 years$7,109$5,616$4,394$3,408$2,624$1,594
23 years$6,728$5,252$4,057$3,104$2,356$1,392
24 years$6,379$4,921$3,752$2,831$2,117$1,216
25 years$6,059$4,618$3,475$2,585$1,905$1,063
26 years$5,763$4,340$3,223$2,364$1,716$930
27 years$5,491$4,085$2,993$2,164$1,547$815
28 years$5,238$3,849$2,782$1,982$1,396$714
29 years$5,003$3,631$2,589$1,818$1,261$626
30 years$4,784$3,429$2,411$1,668$1,139$549
31 years$4,579$3,242$2,248$1,532$1,030$481
32 years$4,388$3,067$2,098$1,408$932$422
33 years$4,209$2,905$1,958$1,295$843$371
34 years$4,040$2,753$1,830$1,191$763$325
35 years$3,882$2,611$1,711$1,097$691$286
36 years$3,732$2,479$1,600$1,010$626$251
37 years$3,591$2,354$1,498$931$568$220
38 years$3,458$2,237$1,403$858$515$194
39 years$3,332$2,127$1,314$791$467$170
40 years$3,213$2,024$1,232$730$423$150
41 years$3,100$1,927$1,155$673$384$131
42 years$2,992$1,835$1,084$621$349$116
43 years$2,890$1,748$1,017$573$316$102
44 years$2,792$1,666$954$529$287$89
45 years$2,699$1,589$896$489$261$79
46 years$2,611$1,516$842$452$237$69
47 years$2,526$1,447$791$417$215$61
48 years$2,446$1,381$743$386$195$53
49 years$2,368$1,319$698$356$177$47
50 years$2,294$1,260$657$329$161$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,350,000, adding $6,427 every year, while hoping to spend $56,206 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: 74/8/18 Blend
50$2,350,000$2,350,000$2,350,000$2,350,000
51$2,596,329$2,471,779$2,435,354$2,777,169
52$2,801,352$2,533,094$2,457,136$2,959,234
53$3,025,404$2,595,529$2,477,764$3,151,181
54$3,270,365$2,659,080$2,497,139$3,360,046
55$3,538,308$2,723,741$2,515,159$3,587,498
56$3,831,514$2,789,503$2,531,716$3,835,377
57$4,152,495$2,856,355$2,546,694$4,105,709
58$4,504,016$2,924,282$2,559,974$4,400,726
59$4,889,122$2,993,269$2,571,431$4,722,887
60$5,311,169$3,063,296$2,580,930$5,074,902
61$5,773,851$3,134,340$2,588,334$5,459,755
62$6,281,236$3,206,374$2,593,495$5,880,735
63$6,837,805$3,279,370$2,596,260$6,341,466
64$7,448,494$3,353,292$2,596,468$6,845,940
65$8,118,741$3,428,104$2,593,950$7,398,556
66$8,854,534$3,503,762$2,588,529$8,004,162
67$9,662,470$3,580,220$2,580,018$8,668,099
68$10,549,815$3,657,424$2,568,222$9,396,252
69$11,524,575$3,735,317$2,552,936$10,195,107
70$12,595,570$3,813,835$2,533,947$11,071,811
71$13,772,513$3,892,909$2,511,030$12,034,239
72$15,066,110$3,972,461$2,483,950$13,091,069
73$16,488,150$4,052,409$2,452,459$14,251,864
74$18,051,625$4,132,661$2,416,300$15,527,164
75$19,770,847$4,213,118$2,375,203$16,928,580
76$21,661,586$4,293,673$2,328,885$18,468,912
77$23,741,215$4,374,210$2,277,049$20,162,262
78$26,028,876$4,454,603$2,219,387$22,024,173
79$28,545,658$4,534,716$2,155,574$24,071,771
80$31,314,801$4,614,402$2,085,271$26,323,932
81$34,361,906$4,693,504$2,008,124$28,801,456
82$37,715,186$4,771,851$1,923,761$31,527,265
83$41,405,724$4,849,261$1,831,796$34,526,621
84$45,467,770$4,925,537$1,731,823$37,827,363
85$49,939,063$5,000,468$1,623,419$41,460,168
86$54,861,185$5,073,828$1,506,142$45,458,847
87$60,279,956$5,145,376$1,379,528$49,860,659
88$66,245,864$5,214,852$1,243,094$54,706,664
89$72,814,541$5,281,979$1,096,337$60,042,113
90$80,047,289$5,346,461$938,729$65,916,872
91$88,011,656$5,407,981$769,720$72,385,899
92$96,782,073$5,466,200$588,734$79,509,755
93$106,440,560$5,520,759$395,172$87,355,185
94$117,077,494$5,571,273$188,407$95,995,740
95$128,792,465$5,617,332$0$105,512,480
96$141,695,215$5,658,500$0$116,000,926
97$155,906,671$5,694,311$0$127,592,349
98$171,560,091$5,724,272$0$140,359,148
99$188,802,314$5,747,854$0$154,421,026
100$207,795,151$5,764,500$0$169,909,887