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%14.8%
1 years$194,061$192,332$190,646$189,000$187,392$183,684
2 years$96,070$94,280$92,546$90,865$89,234$85,514
3 years$63,410$61,613$59,884$58,218$56,614$52,997
4 years$47,084$45,292$43,580$41,943$40,378$36,893
5 years$37,290$35,510$33,820$32,216$30,694$27,351
6 years$30,764$28,996$27,331$25,764$24,287$21,090
7 years$26,103$24,351$22,713$21,182$19,752$16,701
8 years$22,610$20,873$19,262$17,769$16,386$13,480
9 years$19,894$18,174$16,590$15,135$13,800$11,037
10 years$17,723$16,020$14,464$13,047$11,758$9,136
11 years$15,948$14,261$12,734$11,354$10,112$7,627
12 years$14,469$12,800$11,301$9,959$8,763$6,412
13 years$13,219$11,568$10,097$8,793$7,642$5,421
14 years$12,149$10,515$9,072$7,805$6,699$4,603
15 years$11,222$9,605$8,191$6,961$5,898$3,924
16 years$10,411$8,813$7,426$6,233$5,213$3,356
17 years$9,697$8,116$6,757$5,600$4,622$2,878
18 years$9,063$7,500$6,169$5,047$4,110$2,473
19 years$8,496$6,951$5,647$4,560$3,663$2,129
20 years$7,987$6,459$5,183$4,130$3,272$1,836
21 years$7,527$6,016$4,767$3,748$2,928$1,586
22 years$7,109$5,616$4,394$3,408$2,624$1,371
23 years$6,728$5,252$4,057$3,104$2,356$1,186
24 years$6,379$4,921$3,752$2,831$2,117$1,028
25 years$6,059$4,618$3,475$2,585$1,905$891
26 years$5,763$4,340$3,223$2,364$1,716$773
27 years$5,491$4,085$2,993$2,164$1,547$671
28 years$5,238$3,849$2,782$1,982$1,396$582
29 years$5,003$3,631$2,589$1,818$1,261$506
30 years$4,784$3,429$2,411$1,668$1,139$440
31 years$4,579$3,242$2,248$1,532$1,030$382
32 years$4,388$3,067$2,098$1,408$932$332
33 years$4,209$2,905$1,958$1,295$843$289
34 years$4,040$2,753$1,830$1,191$763$251
35 years$3,882$2,611$1,711$1,097$691$219
36 years$3,732$2,479$1,600$1,010$626$190
37 years$3,591$2,354$1,498$931$568$166
38 years$3,458$2,237$1,403$858$515$144
39 years$3,332$2,127$1,314$791$467$125
40 years$3,213$2,024$1,232$730$423$109
41 years$3,100$1,927$1,155$673$384$95
42 years$2,992$1,835$1,084$621$349$83
43 years$2,890$1,748$1,017$573$316$72
44 years$2,792$1,666$954$529$287$63
45 years$2,699$1,589$896$489$261$55
46 years$2,611$1,516$842$452$237$48
47 years$2,526$1,447$791$417$215$41
48 years$2,446$1,381$743$386$195$36
49 years$2,368$1,319$698$356$177$31
50 years$2,294$1,260$657$329$161$27

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 $3,284 every year, while hoping to spend $35,792 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: 44/30/26 Blend
50$2,350,000$2,350,000$2,350,000$2,350,000
51$2,593,087$2,468,537$2,432,112$2,687,487
52$2,819,500$2,551,413$2,475,506$2,837,843
53$3,067,807$2,637,151$2,519,153$2,997,034
54$3,340,204$2,725,852$2,563,025$3,168,901
55$3,639,109$2,817,623$2,607,091$3,354,643
56$3,967,186$2,912,574$2,651,316$3,555,575
57$4,327,368$3,010,820$2,695,665$3,773,148
58$4,722,889$3,112,479$2,740,099$4,008,956
59$5,157,307$3,217,674$2,784,576$4,264,752
60$5,634,546$3,326,533$2,829,053$4,542,466
61$6,158,926$3,439,189$2,873,482$4,844,224
62$6,735,206$3,555,780$2,917,814$5,172,363
63$7,368,632$3,676,448$2,961,995$5,529,456
64$8,064,979$3,801,341$3,005,969$5,918,336
65$8,830,614$3,930,613$3,049,675$6,342,122
66$9,672,548$4,064,424$3,093,051$6,804,248
67$10,598,507$4,202,940$3,136,027$7,308,493
68$11,617,004$4,346,334$3,178,534$7,859,020
69$12,737,417$4,494,783$3,220,494$8,460,412
70$13,970,081$4,648,474$3,261,827$9,117,718
71$15,326,379$4,807,599$3,302,448$9,836,495
72$16,818,857$4,972,359$3,342,268$10,622,865
73$18,461,338$5,142,962$3,381,191$11,483,571
74$20,269,050$5,319,623$3,419,117$12,426,039
75$22,258,776$5,502,568$3,455,940$13,458,446
76$24,449,006$5,692,028$3,491,549$14,589,804
77$26,860,114$5,888,247$3,525,825$15,830,035
78$29,514,551$6,091,476$3,558,645$17,190,071
79$32,437,053$6,301,977$3,589,878$18,681,955
80$35,654,879$6,520,020$3,619,385$20,318,951
81$39,198,065$6,745,889$3,647,022$22,115,673
82$43,099,706$6,979,877$3,672,637$24,088,221
83$47,396,274$7,222,288$3,696,068$26,254,331
84$52,127,954$7,473,440$3,717,146$28,633,544
85$57,339,029$7,733,662$3,735,694$31,247,387
86$63,078,295$8,003,297$3,751,525$34,119,579
87$69,399,523$8,282,701$3,764,443$37,276,250
88$76,361,964$8,572,243$3,774,242$40,746,193
89$84,030,911$8,872,309$3,780,705$44,561,130
90$92,478,311$9,183,300$3,783,606$48,756,012
91$101,783,448$9,505,630$3,782,706$53,369,348
92$112,033,687$9,839,734$3,777,754$58,443,571
93$123,325,303$10,186,061$3,768,489$64,025,432
94$135,764,386$10,545,080$3,754,636$70,166,448
95$149,467,843$10,917,278$3,735,905$76,923,378
96$164,564,499$11,303,161$3,711,994$84,358,769
97$181,196,319$11,703,257$3,682,587$92,541,535
98$199,519,742$12,118,115$3,647,352$101,547,614
99$219,707,157$12,548,304$3,605,940$111,460,682
100$241,948,536$12,994,420$3,557,987$122,372,941