Can I retire at age 51 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$194,887$193,151$191,457$189,804$188,190$185,915
2 years$96,479$94,682$92,940$91,252$89,614$87,325
3 years$63,680$61,876$60,139$58,466$56,855$54,622
4 years$47,284$45,485$43,765$42,121$40,549$38,391
5 years$37,449$35,661$33,964$32,353$30,825$28,746
6 years$30,895$29,120$27,448$25,873$24,391$22,395
7 years$26,215$24,455$22,809$21,272$19,836$17,924
8 years$22,706$20,962$19,344$17,844$16,456$14,627
9 years$19,979$18,251$16,661$15,199$13,858$12,111
10 years$17,798$16,088$14,525$13,102$11,808$10,142
11 years$16,015$14,322$12,788$11,403$10,155$8,569
12 years$14,531$12,855$11,349$10,002$8,800$7,293
13 years$13,275$11,617$10,140$8,830$7,674$6,242
14 years$12,200$10,559$9,110$7,838$6,727$5,369
15 years$11,269$9,646$8,226$6,990$5,923$4,637
16 years$10,456$8,850$7,458$6,259$5,235$4,019
17 years$9,738$8,151$6,786$5,624$4,642$3,493
18 years$9,102$7,532$6,195$5,068$4,127$3,043
19 years$8,532$6,980$5,671$4,580$3,679$2,657
20 years$8,021$6,486$5,205$4,148$3,286$2,324
21 years$7,559$6,042$4,787$3,764$2,940$2,036
22 years$7,139$5,640$4,412$3,423$2,636$1,786
23 years$6,756$5,275$4,074$3,117$2,366$1,568
24 years$6,406$4,942$3,768$2,843$2,127$1,379
25 years$6,084$4,638$3,490$2,596$1,914$1,213
26 years$5,788$4,359$3,236$2,374$1,724$1,069
27 years$5,514$4,102$3,005$2,173$1,554$942
28 years$5,260$3,866$2,794$1,991$1,402$830
29 years$5,024$3,647$2,600$1,826$1,266$733
30 years$4,804$3,444$2,422$1,675$1,144$647
31 years$4,599$3,256$2,258$1,539$1,034$571
32 years$4,407$3,080$2,106$1,414$936$504
33 years$4,226$2,917$1,967$1,300$847$446
34 years$4,057$2,765$1,838$1,197$767$394
35 years$3,898$2,622$1,718$1,101$694$348
36 years$3,748$2,489$1,607$1,014$629$308
37 years$3,607$2,364$1,504$935$570$272
38 years$3,473$2,247$1,409$862$517$241
39 years$3,346$2,136$1,320$794$469$213
40 years$3,226$2,033$1,237$733$425$189
41 years$3,113$1,935$1,160$676$386$167
42 years$3,005$1,843$1,088$624$350$148
43 years$2,902$1,756$1,021$576$318$131
44 years$2,804$1,674$958$532$288$116
45 years$2,711$1,596$900$491$262$102
46 years$2,622$1,522$845$454$238$91
47 years$2,537$1,453$794$419$216$80
48 years$2,456$1,387$746$387$196$71
49 years$2,378$1,324$701$358$178$63
50 years$2,304$1,265$659$331$162$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,360,000, adding $6,935 every year, while hoping to spend $59,345 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: 35/42/23 Blend
50$2,360,000$2,360,000$2,360,000$2,360,000
51$2,607,873$2,482,793$2,446,213$2,680,745
52$2,810,734$2,541,308$2,465,019$2,793,737
53$3,032,297$2,600,700$2,482,466$2,909,635
54$3,274,408$2,660,951$2,498,445$3,033,493
55$3,539,098$2,722,038$2,512,843$3,166,055
56$3,828,604$2,783,936$2,525,541$3,308,146
57$4,145,387$2,846,614$2,536,412$3,460,673
58$4,492,160$2,910,042$2,545,325$3,624,635
59$4,871,908$2,974,181$2,552,141$3,801,136
60$5,287,919$3,038,992$2,556,714$3,991,391
61$5,743,813$3,104,430$2,558,891$4,196,741
62$6,243,580$3,170,445$2,558,512$4,418,664
63$6,791,611$3,236,982$2,555,407$4,658,790
64$7,392,743$3,303,982$2,549,401$4,918,916
65$8,052,304$3,371,379$2,540,308$5,201,026
66$8,776,165$3,439,102$2,527,934$5,507,306
67$9,570,788$3,507,073$2,512,074$5,840,165
68$10,443,296$3,575,207$2,492,517$6,202,264
69$11,401,533$3,643,413$2,469,037$6,596,534
70$12,454,141$3,711,591$2,441,400$7,026,209
71$13,610,638$3,779,634$2,409,362$7,494,855
72$14,881,513$3,847,425$2,372,665$8,006,405
73$16,278,318$3,914,840$2,331,040$8,565,197
74$17,813,782$3,981,743$2,284,206$9,176,013
75$19,501,929$4,047,990$2,231,868$9,844,129
76$21,358,208$4,113,423$2,173,718$10,575,361
77$23,399,640$4,177,876$2,109,432$11,376,125
78$25,644,979$4,241,168$2,038,674$12,253,494
79$28,114,888$4,303,106$1,961,091$13,215,270
80$30,832,133$4,363,485$1,876,314$14,270,055
81$33,821,797$4,422,081$1,783,957$15,427,334
82$37,111,517$4,478,660$1,683,616$16,697,569
83$40,731,746$4,532,969$1,574,871$18,092,291
84$44,716,035$4,584,736$1,457,281$19,624,220
85$49,101,356$4,633,673$1,330,385$21,307,379
86$53,928,445$4,679,474$1,193,704$23,157,231
87$59,242,188$4,721,809$1,046,734$25,190,823
88$65,092,043$4,760,330$888,952$27,426,955
89$71,532,509$4,794,664$719,809$29,886,352
90$78,623,636$4,824,414$538,734$32,591,865
91$86,431,595$4,849,158$345,130$35,568,690
92$95,029,299$4,868,447$138,372$38,844,602
93$104,497,091$4,881,805$0$42,450,226
94$114,923,504$4,888,723$0$46,439,516
95$126,406,095$4,888,664$0$50,867,054
96$139,052,362$4,881,054$0$55,740,055
97$152,980,762$4,865,285$0$61,103,939
98$168,321,830$4,840,714$0$67,008,768
99$185,219,402$4,806,654$0$73,509,717
100$203,831,982$4,762,382$0$80,667,599