Can I retire at age 51 with 2,380,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$196,538$194,788$193,080$191,412$189,785$182,688
2 years$97,296$95,484$93,728$92,025$90,374$83,305
3 years$64,220$62,400$60,648$58,961$57,337$50,519
4 years$47,685$45,871$44,136$42,478$40,893$34,377
5 years$37,766$35,963$34,252$32,627$31,086$24,890
6 years$31,156$29,367$27,680$26,092$24,597$18,725
7 years$26,437$24,662$23,003$21,452$20,004$14,454
8 years$22,899$21,140$19,508$17,996$16,596$11,362
9 years$20,148$18,406$16,802$15,328$13,976$9,052
10 years$17,949$16,224$14,649$13,213$11,908$7,285
11 years$16,151$14,443$12,896$11,499$10,241$5,909
12 years$14,654$12,964$11,445$10,086$8,875$4,822
13 years$13,388$11,715$10,226$8,905$7,739$3,955
14 years$12,304$10,649$9,188$7,905$6,784$3,256
15 years$11,365$9,728$8,295$7,050$5,973$2,689
16 years$10,544$8,925$7,521$6,312$5,279$2,226
17 years$9,821$8,220$6,844$5,671$4,681$1,847
18 years$9,179$7,595$6,247$5,111$4,162$1,536
19 years$8,605$7,039$5,719$4,618$3,710$1,278
20 years$8,089$6,541$5,249$4,183$3,314$1,065
21 years$7,623$6,093$4,828$3,796$2,965$888
22 years$7,199$5,688$4,450$3,452$2,658$742
23 years$6,814$5,319$4,108$3,143$2,386$620
24 years$6,460$4,984$3,800$2,867$2,145$518
25 years$6,136$4,677$3,519$2,618$1,930$433
26 years$5,837$4,396$3,264$2,394$1,738$362
27 years$5,561$4,137$3,031$2,191$1,567$303
28 years$5,305$3,898$2,818$2,008$1,414$254
29 years$5,066$3,678$2,622$1,841$1,277$212
30 years$4,845$3,473$2,442$1,690$1,154$178
31 years$4,638$3,283$2,277$1,552$1,043$149
32 years$4,444$3,107$2,124$1,426$944$125
33 years$4,262$2,942$1,983$1,311$854$105
34 years$4,092$2,788$1,853$1,207$773$88
35 years$3,931$2,645$1,733$1,111$700$73
36 years$3,780$2,510$1,621$1,023$634$62
37 years$3,637$2,384$1,517$943$575$52
38 years$3,502$2,266$1,421$869$521$43
39 years$3,375$2,155$1,331$801$473$36
40 years$3,254$2,050$1,248$739$429$30
41 years$3,139$1,951$1,170$682$389$25
42 years$3,030$1,858$1,097$629$353$21
43 years$2,926$1,771$1,030$581$320$18
44 years$2,828$1,688$967$536$291$15
45 years$2,734$1,609$908$495$264$13
46 years$2,644$1,535$852$457$240$11
47 years$2,559$1,465$801$423$218$9
48 years$2,477$1,399$753$391$198$7
49 years$2,399$1,336$707$361$180$6
50 years$2,324$1,276$665$334$163$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,380,000, adding $3,356 every year, while hoping to spend $26,034 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: 44/40/16 Blend
50$2,380,000$2,380,000$2,380,000$2,380,000
51$2,626,222$2,500,082$2,463,192$2,729,508
52$2,866,396$2,594,886$2,518,009$2,896,985
53$3,130,196$2,693,463$2,573,789$3,075,544
54$3,420,004$2,795,970$2,630,539$3,268,525
55$3,738,443$2,902,571$2,688,261$3,477,269
56$4,088,406$3,013,439$2,746,959$3,703,252
57$4,473,077$3,128,751$2,806,636$3,948,094
58$4,895,965$3,248,694$2,867,293$4,213,574
59$5,360,938$3,373,464$2,928,931$4,501,649
60$5,872,253$3,503,263$2,991,550$4,814,469
61$6,434,604$3,638,305$3,055,148$5,154,400
62$7,053,161$3,778,809$3,119,723$5,524,041
63$7,733,622$3,925,009$3,185,272$5,926,250
64$8,482,262$4,077,145$3,251,789$6,364,172
65$9,305,997$4,235,470$3,319,269$6,841,265
66$10,212,448$4,400,247$3,387,703$7,361,333
67$11,210,010$4,571,751$3,457,084$7,928,560
68$12,307,933$4,750,270$3,527,398$8,547,552
69$13,516,412$4,936,102$3,598,636$9,223,374
70$14,846,677$5,129,562$3,670,781$9,961,602
71$16,311,104$5,330,977$3,743,818$10,768,371
72$17,923,330$5,540,688$3,817,729$11,650,434
73$19,698,381$5,759,053$3,892,494$12,615,223
74$21,652,813$5,986,444$3,968,090$13,670,918
75$23,804,871$6,223,250$4,044,492$14,826,527
76$26,174,658$6,469,880$4,121,673$16,091,962
77$28,784,326$6,726,757$4,199,602$17,478,138
78$31,658,286$6,994,327$4,278,248$18,997,074
79$34,823,436$7,273,054$4,357,574$20,661,999
80$38,309,415$7,563,422$4,437,541$22,487,483
81$42,148,885$7,865,940$4,518,108$24,489,570
82$46,377,836$8,181,135$4,599,229$26,685,923
83$51,035,928$8,509,563$4,680,856$29,095,999
84$56,166,862$8,851,802$4,762,935$31,741,222
85$61,818,798$9,208,456$4,845,409$34,645,187
86$68,044,803$9,580,158$4,928,218$37,833,882
87$74,903,357$9,967,569$5,011,297$41,335,928
88$82,458,899$10,371,380$5,094,575$45,182,849
89$90,782,441$10,792,312$5,177,978$49,409,369
90$99,952,236$11,231,121$5,261,426$54,053,735
91$110,054,515$11,688,597$5,344,834$59,158,075
92$121,184,301$12,165,564$5,428,112$64,768,796
93$133,446,309$12,662,885$5,511,163$70,937,018
94$146,955,929$13,181,464$5,593,884$77,719,055
95$161,840,321$13,722,242$5,676,166$85,176,940
96$178,239,610$14,286,208$5,757,893$93,379,013
97$196,308,211$14,874,393$5,838,943$102,400,559
98$216,216,286$15,487,876$5,919,185$112,324,519
99$238,151,351$16,127,786$5,998,482$123,242,265
100$262,320,044$16,795,303$6,076,686$135,254,465