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%11.5%
1 years$195,712$193,969$192,268$190,608$188,987$187,796
2 years$96,887$95,083$93,334$91,639$89,994$88,792
3 years$63,950$62,138$60,393$58,714$57,096$55,921
4 years$47,484$45,678$43,951$42,300$40,721$39,583
5 years$37,608$35,812$34,108$32,490$30,956$29,856
6 years$31,025$29,243$27,564$25,983$24,494$23,435
7 years$26,326$24,558$22,906$21,362$19,920$18,903
8 years$22,802$21,051$19,426$17,920$16,526$15,549
9 years$20,064$18,329$16,732$15,264$13,917$12,982
10 years$17,874$16,156$14,587$13,158$11,858$10,963
11 years$16,083$14,383$12,842$11,451$10,198$9,343
12 years$14,592$12,909$11,397$10,044$8,838$8,022
13 years$13,332$11,666$10,183$8,867$7,707$6,929
14 years$12,252$10,604$9,149$7,872$6,756$6,015
15 years$11,317$9,687$8,260$7,020$5,948$5,244
16 years$10,500$8,888$7,489$6,286$5,257$4,588
17 years$9,780$8,185$6,815$5,648$4,661$4,027
18 years$9,140$7,564$6,221$5,090$4,145$3,543
19 years$8,569$7,010$5,695$4,599$3,694$3,125
20 years$8,055$6,514$5,227$4,165$3,300$2,762
21 years$7,591$6,067$4,808$3,780$2,953$2,444
22 years$7,169$5,664$4,431$3,437$2,647$2,167
23 years$6,785$5,297$4,091$3,130$2,376$1,924
24 years$6,433$4,963$3,784$2,855$2,136$1,710
25 years$6,110$4,658$3,504$2,607$1,922$1,521
26 years$5,813$4,377$3,250$2,384$1,731$1,354
27 years$5,537$4,120$3,018$2,182$1,561$1,207
28 years$5,282$3,882$2,806$1,999$1,408$1,076
29 years$5,045$3,662$2,611$1,833$1,272$960
30 years$4,824$3,458$2,432$1,683$1,149$857
31 years$4,618$3,269$2,267$1,545$1,039$766
32 years$4,425$3,094$2,115$1,420$940$684
33 years$4,244$2,930$1,975$1,306$850$612
34 years$4,074$2,777$1,845$1,202$770$547
35 years$3,915$2,634$1,725$1,106$697$489
36 years$3,764$2,500$1,614$1,019$632$438
37 years$3,622$2,374$1,511$939$573$392
38 years$3,488$2,256$1,415$865$519$351
39 years$3,361$2,145$1,325$798$471$314
40 years$3,240$2,041$1,242$736$427$281
41 years$3,126$1,943$1,165$679$387$252
42 years$3,017$1,851$1,093$626$352$226
43 years$2,914$1,763$1,025$578$319$202
44 years$2,816$1,681$963$534$290$181
45 years$2,722$1,603$904$493$263$162
46 years$2,633$1,529$849$456$239$145
47 years$2,548$1,459$797$421$217$130
48 years$2,466$1,393$749$389$197$117
49 years$2,388$1,330$704$359$179$105
50 years$2,314$1,271$662$332$162$94

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 $5,083 every year, while hoping to spend $32,644 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: 43/30/27 Blend
50$2,370,000$2,370,000$2,370,000$2,370,000
51$2,616,983$2,491,373$2,454,638$2,708,719
52$2,849,182$2,578,717$2,502,136$2,862,192
53$3,103,972$2,669,248$2,550,130$3,024,883
54$3,383,622$2,763,085$2,598,604$3,200,532
55$3,690,631$2,860,357$2,647,537$3,390,356
56$4,027,755$2,961,194$2,696,909$3,595,697
57$4,398,027$3,065,733$2,746,697$3,818,029
58$4,804,789$3,174,117$2,796,874$4,058,974
59$5,251,723$3,286,494$2,847,415$4,320,316
60$5,742,885$3,403,019$2,898,290$4,604,016
61$6,282,743$3,523,851$2,949,466$4,912,234
62$6,876,220$3,649,157$3,000,911$5,247,347
63$7,528,741$3,779,111$3,052,587$5,611,967
64$8,246,279$3,913,894$3,104,455$6,008,974
65$9,035,419$4,053,694$3,156,474$6,441,534
66$9,903,413$4,198,707$3,208,598$6,913,133
67$10,858,254$4,349,137$3,260,779$7,427,609
68$11,908,747$4,505,195$3,312,966$7,989,187
69$13,064,593$4,667,104$3,365,104$8,602,519
70$14,336,482$4,835,092$3,417,135$9,272,727
71$15,736,191$5,009,400$3,468,997$10,005,449
72$17,276,698$5,190,276$3,520,624$10,806,895
73$18,972,303$5,377,981$3,571,946$11,683,903
74$20,838,761$5,572,785$3,622,890$12,644,005
75$22,893,432$5,774,969$3,673,375$13,695,494
76$25,155,448$5,984,828$3,723,318$14,847,502
77$27,645,886$6,202,667$3,772,632$16,110,092
78$30,387,973$6,428,805$3,821,222$17,494,342
79$33,407,303$6,663,573$3,868,989$19,012,458
80$36,732,076$6,907,316$3,915,829$20,677,882
81$40,393,369$7,160,396$3,961,630$22,505,424
82$44,425,425$7,423,187$4,006,277$24,511,394
83$48,865,976$7,696,081$4,049,645$26,713,763
84$53,756,602$7,979,485$4,091,604$29,132,324
85$59,143,120$8,273,825$4,132,017$31,788,884
86$65,076,018$8,579,542$4,170,740$34,707,468
87$71,610,931$8,897,099$4,207,619$37,914,540
88$78,809,165$9,226,977$4,242,494$41,439,259
89$86,738,279$9,569,677$4,275,196$45,313,747
90$95,472,715$9,925,722$4,305,546$49,573,397
91$105,094,508$10,295,659$4,333,358$54,257,200
92$115,694,056$10,680,055$4,358,434$59,408,117
93$127,370,976$11,079,504$4,380,568$65,073,481
94$140,235,039$11,494,623$4,399,541$71,305,442
95$154,407,212$11,926,059$4,415,124$78,161,461
96$170,020,795$12,374,483$4,427,078$85,704,849
97$187,222,681$12,840,597$4,435,150$94,005,363
98$206,174,742$13,325,134$4,439,075$103,139,864
99$227,055,356$13,828,856$4,438,575$113,193,042
100$250,061,093$14,352,561$4,433,358$124,258,212