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

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$196,538$194,788$193,080$191,412$189,785$187,335
2 years$97,296$95,484$93,728$92,025$90,374$87,910
3 years$64,220$62,400$60,648$58,961$57,337$54,934
4 years$47,685$45,871$44,136$42,478$40,893$38,571
5 years$37,766$35,963$34,252$32,627$31,086$28,851
6 years$31,156$29,367$27,680$26,092$24,597$22,452
7 years$26,437$24,662$23,003$21,452$20,004$17,950
8 years$22,899$21,140$19,508$17,996$16,596$14,631
9 years$20,148$18,406$16,802$15,328$13,976$12,101
10 years$17,949$16,224$14,649$13,213$11,908$10,121
11 years$16,151$14,443$12,896$11,499$10,241$8,541
12 years$14,654$12,964$11,445$10,086$8,875$7,259
13 years$13,388$11,715$10,226$8,905$7,739$6,206
14 years$12,304$10,649$9,188$7,905$6,784$5,331
15 years$11,365$9,728$8,295$7,050$5,973$4,598
16 years$10,544$8,925$7,521$6,312$5,279$3,979
17 years$9,821$8,220$6,844$5,671$4,681$3,453
18 years$9,179$7,595$6,247$5,111$4,162$3,004
19 years$8,605$7,039$5,719$4,618$3,710$2,619
20 years$8,089$6,541$5,249$4,183$3,314$2,287
21 years$7,623$6,093$4,828$3,796$2,965$2,001
22 years$7,199$5,688$4,450$3,452$2,658$1,753
23 years$6,814$5,319$4,108$3,143$2,386$1,537
24 years$6,460$4,984$3,800$2,867$2,145$1,349
25 years$6,136$4,677$3,519$2,618$1,930$1,185
26 years$5,837$4,396$3,264$2,394$1,738$1,042
27 years$5,561$4,137$3,031$2,191$1,567$917
28 years$5,305$3,898$2,818$2,008$1,414$807
29 years$5,066$3,678$2,622$1,841$1,277$711
30 years$4,845$3,473$2,442$1,690$1,154$627
31 years$4,638$3,283$2,277$1,552$1,043$552
32 years$4,444$3,107$2,124$1,426$944$487
33 years$4,262$2,942$1,983$1,311$854$430
34 years$4,092$2,788$1,853$1,207$773$379
35 years$3,931$2,645$1,733$1,111$700$335
36 years$3,780$2,510$1,621$1,023$634$295
37 years$3,637$2,384$1,517$943$575$261
38 years$3,502$2,266$1,421$869$521$230
39 years$3,375$2,155$1,331$801$473$203
40 years$3,254$2,050$1,248$739$429$180
41 years$3,139$1,951$1,170$682$389$159
42 years$3,030$1,858$1,097$629$353$140
43 years$2,926$1,771$1,030$581$320$124
44 years$2,828$1,688$967$536$291$110
45 years$2,734$1,609$908$495$264$97
46 years$2,644$1,535$852$457$240$86
47 years$2,559$1,465$801$423$218$76
48 years$2,477$1,399$753$391$198$67
49 years$2,399$1,336$707$361$180$59
50 years$2,324$1,276$665$334$163$52

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 $5,505 every year, while hoping to spend $41,364 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: 65/6/29 Blend
50$2,380,000$2,380,000$2,380,000$2,380,000
51$2,628,438$2,502,298$2,465,408$2,778,717
52$2,852,528$2,580,900$2,503,989$2,959,666
53$3,098,089$2,661,967$2,542,475$3,152,307
54$3,367,266$2,745,576$2,580,820$3,361,987
55$3,662,425$2,831,807$2,618,976$3,590,389
56$3,986,169$2,920,741$2,656,887$3,839,367
57$4,341,364$3,012,464$2,694,500$4,110,964
58$4,731,171$3,107,063$2,731,753$4,407,430
59$5,159,069$3,204,627$2,768,585$4,731,244
60$5,628,889$3,305,249$2,804,928$5,085,138
61$6,144,854$3,409,025$2,840,711$5,472,121
62$6,711,615$3,516,053$2,875,861$5,895,508
63$7,334,296$3,626,435$2,910,298$6,358,951
64$8,018,539$3,740,275$2,943,938$6,866,477
65$8,770,564$3,857,683$2,976,694$7,422,518
66$9,597,221$3,978,769$3,008,473$8,031,962
67$10,506,057$4,103,647$3,039,176$8,700,192
68$11,505,386$4,232,438$3,068,700$9,433,141
69$12,604,370$4,365,262$3,096,936$10,237,345
70$13,813,101$4,502,245$3,123,769$11,120,009
71$15,142,701$4,643,518$3,149,078$12,089,069
72$16,605,420$4,789,214$3,172,736$13,153,273
73$18,214,759$4,939,472$3,194,608$14,322,259
74$19,985,591$5,094,433$3,214,555$15,606,647
75$21,934,305$5,254,244$3,232,426$17,018,143
76$24,078,959$5,419,057$3,248,067$18,569,643
77$26,439,450$5,589,027$3,261,314$20,275,361
78$29,037,700$5,764,316$3,271,995$22,150,959
79$31,897,866$5,945,088$3,279,928$24,213,697
80$35,046,567$6,131,516$3,284,924$26,482,596
81$38,513,132$6,323,775$3,286,783$28,978,615
82$42,329,878$6,522,047$3,285,297$31,724,853
83$46,532,417$6,726,519$3,280,246$34,746,765
84$51,159,989$6,937,384$3,271,400$38,072,401
85$56,255,833$7,154,841$3,258,517$41,732,676
86$61,867,596$7,379,096$3,241,345$45,761,654
87$68,047,779$7,610,359$3,219,618$50,196,877
88$74,854,236$7,848,850$3,193,059$55,079,716
89$82,350,717$8,094,793$3,161,375$60,455,764
90$90,607,472$8,348,420$3,124,263$66,375,262
91$99,701,910$8,609,969$3,081,402$72,893,580
92$109,719,335$8,879,687$3,032,459$80,071,735
93$120,753,743$9,157,828$2,977,083$87,976,969
94$132,908,717$9,444,653$2,914,907$96,683,385
95$146,298,397$9,740,433$2,845,548$106,272,644
96$161,048,565$10,045,445$2,768,605$116,834,741
97$177,297,823$10,359,976$2,683,657$128,468,850
98$195,198,908$10,684,322$2,590,267$141,284,263
99$214,920,130$11,018,787$2,487,974$155,401,423
100$236,646,961$11,363,686$2,376,299$170,953,059