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%12.3%
1 years$194,887$193,151$191,457$189,804$188,190$186,380
2 years$96,479$94,682$92,940$91,252$89,614$87,791
3 years$63,680$61,876$60,139$58,466$56,855$55,075
4 years$47,284$45,485$43,765$42,121$40,549$38,826
5 years$37,449$35,661$33,964$32,353$30,825$29,164
6 years$30,895$29,120$27,448$25,873$24,391$22,793
7 years$26,215$24,455$22,809$21,272$19,836$18,304
8 years$22,706$20,962$19,344$17,844$16,456$14,988
9 years$19,979$18,251$16,661$15,199$13,858$12,455
10 years$17,798$16,088$14,525$13,102$11,808$10,468
11 years$16,015$14,322$12,788$11,403$10,155$8,877
12 years$14,531$12,855$11,349$10,002$8,800$7,583
13 years$13,275$11,617$10,140$8,830$7,674$6,517
14 years$12,200$10,559$9,110$7,838$6,727$5,628
15 years$11,269$9,646$8,226$6,990$5,923$4,880
16 years$10,456$8,850$7,458$6,259$5,235$4,247
17 years$9,738$8,151$6,786$5,624$4,642$3,706
18 years$9,102$7,532$6,195$5,068$4,127$3,243
19 years$8,532$6,980$5,671$4,580$3,679$2,844
20 years$8,021$6,486$5,205$4,148$3,286$2,498
21 years$7,559$6,042$4,787$3,764$2,940$2,198
22 years$7,139$5,640$4,412$3,423$2,636$1,937
23 years$6,756$5,275$4,074$3,117$2,366$1,709
24 years$6,406$4,942$3,768$2,843$2,127$1,510
25 years$6,084$4,638$3,490$2,596$1,914$1,335
26 years$5,788$4,359$3,236$2,374$1,724$1,181
27 years$5,514$4,102$3,005$2,173$1,554$1,046
28 years$5,260$3,866$2,794$1,991$1,402$927
29 years$5,024$3,647$2,600$1,826$1,266$821
30 years$4,804$3,444$2,422$1,675$1,144$729
31 years$4,599$3,256$2,258$1,539$1,034$647
32 years$4,407$3,080$2,106$1,414$936$574
33 years$4,226$2,917$1,967$1,300$847$510
34 years$4,057$2,765$1,838$1,197$767$453
35 years$3,898$2,622$1,718$1,101$694$402
36 years$3,748$2,489$1,607$1,014$629$358
37 years$3,607$2,364$1,504$935$570$318
38 years$3,473$2,247$1,409$862$517$283
39 years$3,346$2,136$1,320$794$469$251
40 years$3,226$2,033$1,237$733$425$224
41 years$3,113$1,935$1,160$676$386$199
42 years$3,005$1,843$1,088$624$350$177
43 years$2,902$1,756$1,021$576$318$157
44 years$2,804$1,674$958$532$288$140
45 years$2,711$1,596$900$491$262$125
46 years$2,622$1,522$845$454$238$111
47 years$2,537$1,453$794$419$216$99
48 years$2,456$1,387$746$387$196$88
49 years$2,378$1,324$701$358$178$78
50 years$2,304$1,265$659$331$162$70

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 $3,717 every year, while hoping to spend $41,997 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: 70/22/8 Blend
50$2,360,000$2,360,000$2,360,000$2,360,000
51$2,604,554$2,479,474$2,442,894$2,783,019
52$2,825,534$2,556,284$2,480,047$2,978,398
53$3,067,647$2,635,450$2,517,036$3,186,612
54$3,333,003$2,717,043$2,553,813$3,413,301
55$3,623,927$2,801,136$2,590,324$3,660,273
56$3,942,981$2,887,806$2,626,513$3,929,517
57$4,292,986$2,977,128$2,662,322$4,223,220
58$4,677,047$3,069,184$2,697,686$4,543,792
59$5,098,587$3,164,055$2,732,540$4,893,888
60$5,561,375$3,261,826$2,766,812$5,276,428
61$6,069,563$3,362,584$2,800,428$5,694,630
62$6,627,726$3,466,418$2,833,310$6,152,036
63$7,240,902$3,573,420$2,865,374$6,652,549
64$7,914,642$3,683,686$2,896,532$7,200,463
65$8,655,062$3,797,313$2,926,692$7,800,512
66$9,468,898$3,914,401$2,955,756$8,457,909
67$10,363,572$4,035,053$2,983,621$9,178,393
68$11,347,262$4,159,376$3,010,177$9,968,288
69$12,428,976$4,287,479$3,035,312$10,834,560
70$13,618,640$4,419,474$3,058,903$11,784,882
71$14,927,190$4,555,477$3,080,825$12,827,706
72$16,366,675$4,695,607$3,100,944$13,972,342
73$17,950,370$4,839,986$3,119,120$15,229,049
74$19,692,902$4,988,739$3,135,205$16,609,127
75$21,610,388$5,141,997$3,149,044$18,125,024
76$23,720,584$5,299,892$3,160,474$19,790,458
77$26,043,058$5,462,561$3,169,324$21,620,538
78$28,599,368$5,630,144$3,175,414$23,631,913
79$31,413,268$5,802,787$3,178,556$25,842,926
80$34,510,935$5,980,636$3,178,551$28,273,786
81$37,921,210$6,163,847$3,175,191$30,946,759
82$41,675,872$6,352,574$3,168,259$33,886,381
83$45,809,941$6,546,980$3,157,526$37,119,682
84$50,362,003$6,747,231$3,142,752$40,676,448
85$55,374,579$6,953,497$3,123,685$44,589,497
86$60,894,520$7,165,952$3,100,063$48,894,989
87$66,973,455$7,384,778$3,071,609$53,632,771
88$73,668,274$7,610,158$3,038,034$58,846,745
89$81,041,665$7,842,283$2,999,035$64,585,289
90$89,162,708$8,081,348$2,954,296$70,901,710
91$98,107,523$8,327,553$2,903,484$77,854,747
92$107,959,992$8,581,104$2,846,251$85,509,124
93$118,812,545$8,842,212$2,782,235$93,936,162
94$130,767,039$9,111,095$2,711,054$103,214,452
95$143,935,713$9,387,974$2,632,310$113,430,594
96$158,442,250$9,673,080$2,545,587$124,680,017
97$174,422,945$9,966,646$2,450,450$137,067,875
98$192,027,987$10,268,914$2,346,442$150,710,045
99$211,422,882$10,580,131$2,233,088$165,734,215
100$232,790,009$10,900,550$2,109,890$182,281,091