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%17.1%
1 years$195,712$193,969$192,268$190,608$188,987$183,526
2 years$96,887$95,083$93,334$91,639$89,994$84,535
3 years$63,950$62,138$60,393$58,714$57,096$51,811
4 years$47,484$45,678$43,951$42,300$40,721$35,650
5 years$37,608$35,812$34,108$32,490$30,956$26,113
6 years$31,025$29,243$27,564$25,983$24,494$19,883
7 years$26,326$24,558$22,906$21,362$19,920$15,542
8 years$22,802$21,051$19,426$17,920$16,526$12,377
9 years$20,064$18,329$16,732$15,264$13,917$9,994
10 years$17,874$16,156$14,587$13,158$11,858$8,155
11 years$16,083$14,383$12,842$11,451$10,198$6,710
12 years$14,592$12,909$11,397$10,044$8,838$5,557
13 years$13,332$11,666$10,183$8,867$7,707$4,626
14 years$12,252$10,604$9,149$7,872$6,756$3,867
15 years$11,317$9,687$8,260$7,020$5,948$3,244
16 years$10,500$8,888$7,489$6,286$5,257$2,729
17 years$9,780$8,185$6,815$5,648$4,661$2,301
18 years$9,140$7,564$6,221$5,090$4,145$1,944
19 years$8,569$7,010$5,695$4,599$3,694$1,646
20 years$8,055$6,514$5,227$4,165$3,300$1,395
21 years$7,591$6,067$4,808$3,780$2,953$1,183
22 years$7,169$5,664$4,431$3,437$2,647$1,005
23 years$6,785$5,297$4,091$3,130$2,376$854
24 years$6,433$4,963$3,784$2,855$2,136$727
25 years$6,110$4,658$3,504$2,607$1,922$618
26 years$5,813$4,377$3,250$2,384$1,731$527
27 years$5,537$4,120$3,018$2,182$1,561$449
28 years$5,282$3,882$2,806$1,999$1,408$382
29 years$5,045$3,662$2,611$1,833$1,272$326
30 years$4,824$3,458$2,432$1,683$1,149$278
31 years$4,618$3,269$2,267$1,545$1,039$237
32 years$4,425$3,094$2,115$1,420$940$202
33 years$4,244$2,930$1,975$1,306$850$172
34 years$4,074$2,777$1,845$1,202$770$147
35 years$3,915$2,634$1,725$1,106$697$126
36 years$3,764$2,500$1,614$1,019$632$107
37 years$3,622$2,374$1,511$939$573$91
38 years$3,488$2,256$1,415$865$519$78
39 years$3,361$2,145$1,325$798$471$67
40 years$3,240$2,041$1,242$736$427$57
41 years$3,126$1,943$1,165$679$387$49
42 years$3,017$1,851$1,093$626$352$41
43 years$2,914$1,763$1,025$578$319$35
44 years$2,816$1,681$963$534$290$30
45 years$2,722$1,603$904$493$263$26
46 years$2,633$1,529$849$456$239$22
47 years$2,548$1,459$797$421$217$19
48 years$2,466$1,393$749$389$197$16
49 years$2,388$1,330$704$359$179$14
50 years$2,314$1,271$662$332$162$12

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 $3,891 every year, while hoping to spend $22,857 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: 52/25/23 Blend
50$2,370,000$2,370,000$2,370,000$2,370,000
51$2,615,754$2,490,144$2,453,409$2,734,866
52$2,858,241$2,587,841$2,511,278$2,915,266
53$3,124,696$2,689,559$2,570,320$3,108,722
54$3,417,539$2,795,472$2,630,550$3,318,682
55$3,739,436$2,905,759$2,691,982$3,546,728
56$4,093,327$3,020,609$2,754,632$3,794,594
57$4,482,448$3,140,220$2,818,513$4,064,192
58$4,910,364$3,264,797$2,883,640$4,357,622
59$5,381,004$3,394,556$2,950,025$4,677,194
60$5,898,699$3,529,721$3,017,683$5,025,453
61$6,468,216$3,670,527$3,086,625$5,405,195
62$7,094,811$3,817,221$3,156,864$5,819,500
63$7,784,274$3,970,057$3,228,412$6,271,755
64$8,542,986$4,129,305$3,301,279$6,765,689
65$9,377,974$4,295,245$3,375,476$7,305,406
66$10,296,984$4,468,169$3,451,011$7,895,424
67$11,308,551$4,648,384$3,527,895$8,540,716
68$12,422,078$4,836,209$3,606,134$9,246,755
69$13,647,927$5,031,980$3,685,736$10,019,570
70$14,997,514$5,236,045$3,766,706$10,865,795
71$16,483,420$5,448,771$3,849,051$11,792,738
72$18,119,507$5,670,540$3,932,773$12,808,442
73$19,921,051$5,901,751$4,017,875$13,921,767
74$21,904,884$6,142,821$4,104,359$15,142,468
75$24,089,551$6,394,189$4,192,224$16,481,288
76$26,495,491$6,656,310$4,281,470$17,950,057
77$29,145,225$6,929,663$4,372,092$19,561,806
78$32,063,568$7,214,746$4,464,087$21,330,886
79$35,277,866$7,512,083$4,557,448$23,273,101
80$38,818,252$7,822,219$4,652,167$25,405,862
81$42,717,933$8,145,727$4,748,233$27,748,344
82$47,013,498$8,483,203$4,845,635$30,321,667
83$51,745,268$8,835,273$4,944,357$33,149,100
84$56,957,674$9,202,591$5,044,382$36,256,269
85$62,699,680$9,585,841$5,145,692$39,671,408
86$69,025,238$9,985,738$5,248,263$43,425,616
87$75,993,805$10,403,031$5,352,072$47,553,155
88$83,670,896$10,838,503$5,457,090$52,091,767
89$92,128,712$11,292,974$5,563,287$57,083,033
90$101,446,811$11,767,300$5,670,628$62,572,760
91$111,712,867$12,262,379$5,779,075$68,611,416
92$123,023,493$12,779,149$5,888,587$75,254,599
93$135,485,154$13,318,592$5,999,120$82,563,565
94$149,215,172$13,881,735$6,110,623$90,605,803
95$164,342,834$14,469,655$6,223,043$99,455,669
96$181,010,610$15,083,475$6,336,322$109,195,085
97$199,375,501$15,724,374$6,450,397$119,914,313
98$219,610,517$16,393,584$6,565,201$131,712,803
99$241,906,315$17,092,395$6,680,661$144,700,128
100$266,472,994$17,822,156$6,796,697$158,997,020