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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.4%
1 years$194,887$193,151$191,457$189,804$188,190$182,531
2 years$96,479$94,682$92,940$91,252$89,614$83,961
3 years$63,680$61,876$60,139$58,466$56,855$51,384
4 years$47,284$45,485$43,765$42,121$40,549$35,303
5 years$37,449$35,661$33,964$32,353$30,825$25,818
6 years$30,895$29,120$27,448$25,873$24,391$19,627
7 years$26,215$24,455$22,809$21,272$19,836$15,315
8 years$22,706$20,962$19,344$17,844$16,456$12,175
9 years$19,979$18,251$16,661$15,199$13,858$9,813
10 years$17,798$16,088$14,525$13,102$11,808$7,993
11 years$16,015$14,322$12,788$11,403$10,155$6,563
12 years$14,531$12,855$11,349$10,002$8,800$5,424
13 years$13,275$11,617$10,140$8,830$7,674$4,506
14 years$12,200$10,559$9,110$7,838$6,727$3,759
15 years$11,269$9,646$8,226$6,990$5,923$3,147
16 years$10,456$8,850$7,458$6,259$5,235$2,642
17 years$9,738$8,151$6,786$5,624$4,642$2,223
18 years$9,102$7,532$6,195$5,068$4,127$1,874
19 years$8,532$6,980$5,671$4,580$3,679$1,582
20 years$8,021$6,486$5,205$4,148$3,286$1,338
21 years$7,559$6,042$4,787$3,764$2,940$1,133
22 years$7,139$5,640$4,412$3,423$2,636$960
23 years$6,756$5,275$4,074$3,117$2,366$814
24 years$6,406$4,942$3,768$2,843$2,127$691
25 years$6,084$4,638$3,490$2,596$1,914$586
26 years$5,788$4,359$3,236$2,374$1,724$498
27 years$5,514$4,102$3,005$2,173$1,554$423
28 years$5,260$3,866$2,794$1,991$1,402$360
29 years$5,024$3,647$2,600$1,826$1,266$306
30 years$4,804$3,444$2,422$1,675$1,144$260
31 years$4,599$3,256$2,258$1,539$1,034$221
32 years$4,407$3,080$2,106$1,414$936$188
33 years$4,226$2,917$1,967$1,300$847$160
34 years$4,057$2,765$1,838$1,197$767$136
35 years$3,898$2,622$1,718$1,101$694$116
36 years$3,748$2,489$1,607$1,014$629$99
37 years$3,607$2,364$1,504$935$570$84
38 years$3,473$2,247$1,409$862$517$72
39 years$3,346$2,136$1,320$794$469$61
40 years$3,226$2,033$1,237$733$425$52
41 years$3,113$1,935$1,160$676$386$44
42 years$3,005$1,843$1,088$624$350$38
43 years$2,902$1,756$1,021$576$318$32
44 years$2,804$1,674$958$532$288$27
45 years$2,711$1,596$900$491$262$23
46 years$2,622$1,522$845$454$238$20
47 years$2,537$1,453$794$419$216$17
48 years$2,456$1,387$746$387$196$14
49 years$2,378$1,324$701$358$178$12
50 years$2,304$1,265$659$331$162$10

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 $5,242 every year, while hoping to spend $40,090 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: 38/34/28 Blend
50$2,360,000$2,360,000$2,360,000$2,360,000
51$2,606,127$2,481,047$2,444,467$2,683,262
52$2,829,297$2,559,963$2,483,701$2,819,330
53$3,073,886$2,641,402$2,522,906$2,962,233
54$3,342,037$2,725,446$2,562,039$3,115,913
55$3,636,110$2,812,178$2,601,052$3,281,375
56$3,958,704$2,901,685$2,639,898$3,459,725
57$4,312,681$2,994,057$2,678,524$3,652,178
58$4,701,195$3,089,387$2,716,875$3,860,072
59$5,127,719$3,187,769$2,754,893$4,084,878
60$5,596,079$3,289,302$2,792,514$4,328,217
61$6,110,490$3,394,088$2,829,674$4,591,869
62$6,675,594$3,502,233$2,866,302$4,877,798
63$7,296,507$3,613,844$2,902,325$5,188,162
64$7,978,863$3,729,035$2,937,665$5,525,338
65$8,728,870$3,847,920$2,972,240$5,891,944
66$9,553,366$3,970,620$3,005,962$6,290,861
67$10,459,887$4,097,258$3,038,739$6,725,262
68$11,456,734$4,227,962$3,070,475$7,198,641
69$12,553,052$4,362,863$3,101,067$7,714,844
70$13,758,917$4,502,098$3,130,407$8,278,110
71$15,085,433$4,645,807$3,158,382$8,893,105
72$16,544,832$4,794,136$3,184,873$9,564,969
73$18,150,591$4,947,235$3,209,752$10,299,362
74$19,917,560$5,105,258$3,232,887$11,102,520
75$21,862,101$5,268,366$3,254,139$11,981,312
76$24,002,244$5,436,724$3,273,361$12,943,305
77$26,357,852$5,610,504$3,290,399$13,996,834
78$28,950,816$5,789,881$3,305,089$15,151,080
79$31,805,252$5,975,038$3,317,263$16,416,160
80$34,947,736$6,166,163$3,326,740$17,803,217
81$38,407,552$6,363,452$3,333,332$19,324,529
82$42,216,966$6,567,105$3,336,843$20,993,624
83$46,411,533$6,777,330$3,337,064$22,825,405
84$51,030,432$6,994,342$3,333,778$24,836,291
85$56,116,834$7,218,362$3,326,757$27,044,375
86$61,718,310$7,449,620$3,315,762$29,469,590
87$67,887,279$7,688,353$3,300,542$32,133,900
88$74,681,505$7,934,806$3,280,833$35,061,504
89$82,164,638$8,189,231$3,256,361$38,279,068
90$90,406,818$8,451,890$3,226,835$41,815,974
91$99,485,333$8,723,053$3,191,954$45,704,595
92$109,485,354$9,002,999$3,151,401$49,980,606
93$120,500,730$9,292,016$3,104,844$54,683,314
94$132,634,883$9,590,403$3,051,935$59,856,034
95$146,001,777$9,898,469$2,992,310$65,546,496
96$160,726,995$10,216,531$2,925,589$71,807,291
97$176,948,926$10,544,918$2,851,374$78,696,373
98$194,820,069$10,883,971$2,769,247$86,277,606
99$214,508,473$11,234,043$2,678,774$94,621,359
100$236,199,321$11,595,495$2,579,497$103,805,180