Can I retire at age 51 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$197,364$195,606$193,891$192,217$190,582$185,224
2 years$97,705$95,885$94,122$92,412$90,753$85,396
3 years$64,490$62,662$60,903$59,209$57,578$52,389
4 years$47,885$46,063$44,322$42,657$41,065$36,084
5 years$37,925$36,114$34,396$32,765$31,217$26,458
6 years$31,287$29,490$27,797$26,202$24,701$20,169
7 years$26,548$24,766$23,099$21,542$20,088$15,783
8 years$22,995$21,229$19,590$18,071$16,665$12,584
9 years$20,233$18,483$16,873$15,393$14,035$10,173
10 years$18,025$16,292$14,710$13,269$11,958$8,312
11 years$16,219$14,504$12,951$11,548$10,284$6,848
12 years$14,715$13,018$11,493$10,129$8,912$5,678
13 years$13,444$11,764$10,268$8,942$7,772$4,733
14 years$12,355$10,694$9,226$7,938$6,813$3,962
15 years$11,413$9,769$8,330$7,079$5,998$3,329
16 years$10,589$8,963$7,552$6,339$5,301$2,804
17 years$9,862$8,254$6,872$5,695$4,701$2,368
18 years$9,217$7,627$6,274$5,133$4,180$2,004
19 years$8,641$7,069$5,743$4,638$3,725$1,698
20 years$8,123$6,569$5,271$4,200$3,327$1,442
21 years$7,655$6,119$4,848$3,812$2,978$1,225
22 years$7,230$5,711$4,468$3,466$2,669$1,042
23 years$6,842$5,342$4,126$3,157$2,396$887
24 years$6,488$5,005$3,816$2,879$2,154$756
25 years$6,162$4,697$3,534$2,629$1,938$644
26 years$5,862$4,414$3,278$2,404$1,746$549
27 years$5,584$4,154$3,044$2,201$1,574$469
28 years$5,327$3,915$2,829$2,016$1,420$400
29 years$5,088$3,693$2,633$1,849$1,282$342
30 years$4,865$3,488$2,453$1,697$1,159$292
31 years$4,657$3,297$2,286$1,558$1,047$249
32 years$4,463$3,120$2,133$1,432$948$213
33 years$4,280$2,954$1,992$1,317$858$182
34 years$4,109$2,800$1,861$1,212$776$156
35 years$3,948$2,656$1,740$1,115$703$133
36 years$3,796$2,521$1,628$1,027$637$114
37 years$3,653$2,394$1,523$947$577$97
38 years$3,517$2,275$1,427$872$524$83
39 years$3,389$2,164$1,337$804$475$71
40 years$3,268$2,058$1,253$742$431$61
41 years$3,152$1,959$1,175$685$391$52
42 years$3,043$1,866$1,102$632$354$44
43 years$2,939$1,778$1,034$583$322$38
44 years$2,840$1,695$971$538$292$33
45 years$2,745$1,616$911$497$265$28
46 years$2,655$1,542$856$459$241$24
47 years$2,569$1,471$804$424$219$20
48 years$2,487$1,405$756$392$198$17
49 years$2,409$1,341$710$362$180$15
50 years$2,333$1,281$668$335$164$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,390,000, adding $4,989 every year, while hoping to spend $29,671 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: 71/7/22 Blend
50$2,390,000$2,390,000$2,390,000$2,390,000
51$2,638,926$2,512,256$2,475,211$2,811,584
52$2,876,527$2,603,787$2,526,561$3,018,940
53$3,137,368$2,698,808$2,578,637$3,241,928
54$3,423,790$2,797,460$2,631,431$3,485,363
55$3,738,369$2,899,888$2,684,936$3,751,271
56$4,083,943$3,006,243$2,739,142$4,041,880
57$4,463,640$3,116,683$2,794,038$4,359,647
58$4,880,905$3,231,374$2,849,612$4,707,278
59$5,339,533$3,350,487$2,905,849$5,087,751
60$5,843,705$3,474,201$2,962,736$5,504,347
61$6,398,029$3,602,703$3,020,253$5,960,680
62$7,007,579$3,736,186$3,078,382$6,460,732
63$7,677,947$3,874,854$3,137,103$7,008,888
64$8,415,293$4,018,919$3,196,392$7,609,978
65$9,226,407$4,168,599$3,256,225$8,269,325
66$10,118,765$4,324,125$3,316,573$8,992,790
67$11,100,609$4,485,738$3,377,409$9,786,831
68$12,181,018$4,653,685$3,438,698$10,658,564
69$13,369,995$4,828,229$3,500,408$11,615,827
70$14,678,562$5,009,640$3,562,500$12,667,256
71$16,118,866$5,198,203$3,624,934$13,822,364
72$17,704,288$5,394,213$3,687,667$15,091,636
73$19,449,574$5,597,978$3,750,652$16,486,620
74$21,370,972$5,809,820$3,813,840$18,020,041
75$23,486,385$6,030,074$3,877,177$19,705,921
76$25,815,540$6,259,092$3,940,607$21,559,706
77$28,380,176$6,497,239$4,004,068$23,598,420
78$31,204,246$6,744,895$4,067,496$25,840,815
79$34,314,143$7,002,459$4,130,822$28,307,557
80$37,738,953$7,270,347$4,193,971$31,021,417
81$41,510,723$7,548,991$4,256,866$34,007,484
82$45,664,769$7,838,844$4,319,424$37,293,404
83$50,240,007$8,140,378$4,381,556$40,909,640
84$55,279,318$8,454,087$4,443,168$44,889,758
85$60,829,955$8,780,485$4,504,161$49,270,747
86$66,943,991$9,120,108$4,564,430$54,093,363
87$73,678,803$9,473,519$4,623,864$59,402,517
88$81,097,622$9,841,302$4,682,345$65,247,697
89$89,270,123$10,224,070$4,739,747$71,683,436
90$98,273,087$10,622,460$4,795,939$78,769,826
91$108,191,121$11,037,140$4,850,782$86,573,083
92$119,117,461$11,468,806$4,904,130$95,166,174
93$131,154,850$11,918,185$4,955,825$104,629,506
94$144,416,505$12,386,037$5,005,707$115,051,681
95$159,027,191$12,873,155$5,053,600$126,530,337
96$175,124,394$13,380,368$5,099,325$139,173,066
97$192,859,618$13,908,543$5,142,689$153,098,427
98$212,399,821$14,458,583$5,183,490$168,437,073
99$233,928,982$15,031,433$5,221,517$185,332,975
100$257,649,846$15,628,081$5,256,545$203,944,785