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%16.1%
1 years$194,887$193,151$191,457$189,804$188,190$183,491
2 years$96,479$94,682$92,940$91,252$89,614$84,910
3 years$63,680$61,876$60,139$58,466$56,855$52,293
4 years$47,284$45,485$43,765$42,121$40,549$36,164
5 years$37,449$35,661$33,964$32,353$30,825$26,629
6 years$30,895$29,120$27,448$25,873$24,391$20,388
7 years$26,215$24,455$22,809$21,272$19,836$16,027
8 years$22,706$20,962$19,344$17,844$16,456$12,838
9 years$19,979$18,251$16,661$15,199$13,858$10,429
10 years$17,798$16,088$14,525$13,102$11,808$8,564
11 years$16,015$14,322$12,788$11,403$10,155$7,091
12 years$14,531$12,855$11,349$10,002$8,800$5,911
13 years$13,275$11,617$10,140$8,830$7,674$4,954
14 years$12,200$10,559$9,110$7,838$6,727$4,170
15 years$11,269$9,646$8,226$6,990$5,923$3,523
16 years$10,456$8,850$7,458$6,259$5,235$2,985
17 years$9,738$8,151$6,786$5,624$4,642$2,535
18 years$9,102$7,532$6,195$5,068$4,127$2,158
19 years$8,532$6,980$5,671$4,580$3,679$1,840
20 years$8,021$6,486$5,205$4,148$3,286$1,571
21 years$7,559$6,042$4,787$3,764$2,940$1,344
22 years$7,139$5,640$4,412$3,423$2,636$1,150
23 years$6,756$5,275$4,074$3,117$2,366$985
24 years$6,406$4,942$3,768$2,843$2,127$845
25 years$6,084$4,638$3,490$2,596$1,914$725
26 years$5,788$4,359$3,236$2,374$1,724$622
27 years$5,514$4,102$3,005$2,173$1,554$534
28 years$5,260$3,866$2,794$1,991$1,402$459
29 years$5,024$3,647$2,600$1,826$1,266$395
30 years$4,804$3,444$2,422$1,675$1,144$339
31 years$4,599$3,256$2,258$1,539$1,034$292
32 years$4,407$3,080$2,106$1,414$936$251
33 years$4,226$2,917$1,967$1,300$847$216
34 years$4,057$2,765$1,838$1,197$767$186
35 years$3,898$2,622$1,718$1,101$694$160
36 years$3,748$2,489$1,607$1,014$629$138
37 years$3,607$2,364$1,504$935$570$118
38 years$3,473$2,247$1,409$862$517$102
39 years$3,346$2,136$1,320$794$469$88
40 years$3,226$2,033$1,237$733$425$76
41 years$3,113$1,935$1,160$676$386$65
42 years$3,005$1,843$1,088$624$350$56
43 years$2,902$1,756$1,021$576$318$48
44 years$2,804$1,674$958$532$288$42
45 years$2,711$1,596$900$491$262$36
46 years$2,622$1,522$845$454$238$31
47 years$2,537$1,453$794$419$216$27
48 years$2,456$1,387$746$387$196$23
49 years$2,378$1,324$701$358$178$20
50 years$2,304$1,265$659$331$162$17

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 $2,543 every year, while hoping to spend $32,423 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: 43/42/15 Blend
50$2,360,000$2,360,000$2,360,000$2,360,000
51$2,603,343$2,478,263$2,441,683$2,703,833
52$2,834,386$2,565,200$2,488,982$2,861,529
53$3,087,909$2,655,310$2,536,778$3,028,849
54$3,366,171$2,748,715$2,585,055$3,209,420
55$3,671,658$2,845,541$2,633,792$3,404,474
56$4,007,113$2,945,918$2,682,970$3,615,363
57$4,375,554$3,049,983$2,732,565$3,843,576
58$4,780,307$3,157,879$2,782,553$4,090,747
59$5,225,036$3,269,753$2,832,906$4,358,672
60$5,713,777$3,385,758$2,883,596$4,649,329
61$6,250,977$3,506,055$2,934,591$4,964,889
62$6,841,535$3,630,810$2,985,858$5,307,743
63$7,490,848$3,760,196$3,037,360$5,680,518
64$8,204,863$3,894,394$3,089,060$6,086,107
65$8,990,130$4,033,590$3,140,915$6,527,689
66$9,853,868$4,177,981$3,192,880$7,008,764
67$10,804,030$4,327,769$3,244,909$7,533,184
68$11,849,378$4,483,167$3,296,951$8,105,186
69$12,999,567$4,644,394$3,348,951$8,729,433
70$14,265,234$4,811,681$3,400,851$9,411,059
71$15,658,099$4,985,265$3,452,592$10,155,713
72$17,191,079$5,165,396$3,504,107$10,969,615
73$18,878,401$5,352,333$3,555,327$11,859,611
74$20,735,746$5,546,345$3,606,178$12,833,238
75$22,780,390$5,747,714$3,656,583$13,898,796
76$25,031,371$5,956,733$3,706,459$15,065,421
77$27,509,663$6,173,706$3,755,719$16,343,174
78$30,238,383$6,398,951$3,804,269$17,743,134
79$33,242,997$6,632,799$3,852,011$19,277,500
80$36,551,572$6,875,595$3,898,843$20,959,706
81$40,195,031$7,127,698$3,944,653$22,804,549
82$44,207,453$7,389,484$3,989,327$24,828,324
83$48,626,385$7,661,341$4,032,742$27,048,976
84$53,493,207$7,943,677$4,074,770$29,486,273
85$58,853,513$8,236,917$4,115,273$32,161,986
86$64,757,547$8,541,500$4,154,110$35,100,095
87$71,260,672$8,857,889$4,191,128$38,327,016
88$78,423,898$9,186,564$4,226,169$41,871,846
89$86,314,455$9,528,025$4,259,065$45,766,636
90$95,006,425$9,882,793$4,289,639$50,046,694
91$104,581,445$10,251,415$4,317,706$54,750,917
92$115,129,474$10,634,456$4,343,071$59,922,151
93$126,749,645$11,032,509$4,365,529$65,607,602
94$139,551,198$11,446,191$4,384,863$71,859,273
95$153,654,511$11,876,145$4,400,847$78,734,454
96$169,192,239$12,323,044$4,413,243$86,296,264
97$186,310,562$12,787,587$4,421,801$94,614,243
98$205,170,565$13,270,506$4,426,258$103,765,004
99$225,949,764$13,772,561$4,426,338$113,832,958
100$248,843,773$14,294,549$4,421,753$124,911,104