Can I retire at age 51 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$195,712$193,969$192,268$190,608$188,987$181,561
2 years$96,887$95,083$93,334$91,639$89,994$82,603
3 years$63,950$62,138$60,393$58,714$57,096$49,973
4 years$47,484$45,678$43,951$42,300$40,721$33,920
5 years$37,608$35,812$34,108$32,490$30,956$24,494
6 years$31,025$29,243$27,564$25,983$24,494$18,376
7 years$26,326$24,558$22,906$21,362$19,920$14,144
8 years$22,802$21,051$19,426$17,920$16,526$11,086
9 years$20,064$18,329$16,732$15,264$13,917$8,805
10 years$17,874$16,156$14,587$13,158$11,858$7,064
11 years$16,083$14,383$12,842$11,451$10,198$5,711
12 years$14,592$12,909$11,397$10,044$8,838$4,645
13 years$13,332$11,666$10,183$8,867$7,707$3,796
14 years$12,252$10,604$9,149$7,872$6,756$3,114
15 years$11,317$9,687$8,260$7,020$5,948$2,563
16 years$10,500$8,888$7,489$6,286$5,257$2,114
17 years$9,780$8,185$6,815$5,648$4,661$1,748
18 years$9,140$7,564$6,221$5,090$4,145$1,447
19 years$8,569$7,010$5,695$4,599$3,694$1,200
20 years$8,055$6,514$5,227$4,165$3,300$996
21 years$7,591$6,067$4,808$3,780$2,953$828
22 years$7,169$5,664$4,431$3,437$2,647$688
23 years$6,785$5,297$4,091$3,130$2,376$573
24 years$6,433$4,963$3,784$2,855$2,136$477
25 years$6,110$4,658$3,504$2,607$1,922$397
26 years$5,813$4,377$3,250$2,384$1,731$331
27 years$5,537$4,120$3,018$2,182$1,561$276
28 years$5,282$3,882$2,806$1,999$1,408$230
29 years$5,045$3,662$2,611$1,833$1,272$192
30 years$4,824$3,458$2,432$1,683$1,149$160
31 years$4,618$3,269$2,267$1,545$1,039$133
32 years$4,425$3,094$2,115$1,420$940$111
33 years$4,244$2,930$1,975$1,306$850$93
34 years$4,074$2,777$1,845$1,202$770$77
35 years$3,915$2,634$1,725$1,106$697$65
36 years$3,764$2,500$1,614$1,019$632$54
37 years$3,622$2,374$1,511$939$573$45
38 years$3,488$2,256$1,415$865$519$38
39 years$3,361$2,145$1,325$798$471$31
40 years$3,240$2,041$1,242$736$427$26
41 years$3,126$1,943$1,165$679$387$22
42 years$3,017$1,851$1,093$626$352$18
43 years$2,914$1,763$1,025$578$319$15
44 years$2,816$1,681$963$534$290$13
45 years$2,722$1,603$904$493$263$11
46 years$2,633$1,529$849$456$239$9
47 years$2,548$1,459$797$421$217$7
48 years$2,466$1,393$749$389$197$6
49 years$2,388$1,330$704$359$179$5
50 years$2,314$1,271$662$332$162$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,370,000, adding $6,611 every year, while hoping to spend $24,615 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: 68/27/5 Blend
50$2,370,000$2,370,000$2,370,000$2,370,000
51$2,618,559$2,492,949$2,456,214$2,794,672
52$2,859,462$2,588,914$2,512,307$3,008,055
53$3,124,112$2,688,755$2,569,454$3,237,674
54$3,414,905$2,792,638$2,627,665$3,488,085
55$3,734,482$2,900,733$2,686,948$3,761,316
56$4,085,750$3,013,220$2,747,311$4,059,597
57$4,471,913$3,130,284$2,808,763$4,385,383
58$4,896,501$3,252,122$2,871,310$4,741,374
59$5,363,404$3,378,935$2,934,958$5,130,542
60$5,876,906$3,510,938$2,999,714$5,556,160
61$6,441,727$3,648,351$3,065,582$6,021,827
62$7,063,070$3,791,407$3,132,565$6,531,507
63$7,746,665$3,940,347$3,200,668$7,089,564
64$8,498,826$4,095,426$3,269,891$7,700,801
65$9,326,511$4,256,906$3,340,237$8,370,507
66$10,237,384$4,425,064$3,411,705$9,104,504
67$11,239,894$4,600,188$3,484,293$9,909,203
68$12,343,345$4,782,580$3,557,999$10,791,664
69$13,557,994$4,972,553$3,632,819$11,759,660
70$14,895,139$5,170,438$3,708,749$12,821,751
71$16,367,231$5,376,577$3,785,779$13,987,365
72$17,987,989$5,591,330$3,863,904$15,266,883
73$19,772,531$5,815,072$3,943,111$16,671,740
74$21,737,513$6,048,195$4,023,390$18,214,528
75$23,901,291$6,291,109$4,104,725$19,909,118
76$26,284,092$6,544,242$4,187,102$21,770,787
77$28,908,201$6,808,041$4,270,502$23,816,361
78$31,798,178$7,082,976$4,354,904$26,064,376
79$34,981,085$7,369,534$4,440,286$28,535,249
80$38,486,742$7,668,228$4,526,623$31,251,470
81$42,348,011$7,979,592$4,613,885$34,237,812
82$46,601,100$8,304,185$4,702,043$37,521,569
83$51,285,914$8,642,591$4,791,062$41,132,803
84$56,446,420$8,995,421$4,880,906$45,104,637
85$62,131,072$9,363,314$4,971,534$49,473,557
86$68,393,263$9,746,939$5,062,902$54,279,762
87$75,291,830$10,146,992$5,154,963$59,567,536
88$82,891,608$10,564,206$5,247,665$65,385,668
89$91,264,043$10,999,343$5,340,953$71,787,913
90$100,487,867$11,453,203$5,434,768$78,833,492
91$110,649,841$11,926,622$5,529,044$86,587,653
92$121,845,571$12,420,472$5,623,713$95,122,283
93$134,180,413$12,935,669$5,718,701$104,516,588
94$147,770,466$13,473,168$5,813,928$114,857,835
95$162,743,670$14,033,969$5,909,311$126,242,176
96$179,241,010$14,619,119$6,004,759$138,775,551
97$197,417,850$15,229,713$6,100,175$152,574,688
98$217,445,396$15,866,894$6,195,456$167,768,204
99$239,512,316$16,531,862$6,290,494$184,497,810
100$263,826,518$17,225,869$6,385,171$202,919,655