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%16.4%
1 years$197,364$195,606$193,891$192,217$190,582$185,598
2 years$97,705$95,885$94,122$92,412$90,753$85,766
3 years$64,490$62,662$60,903$59,209$57,578$52,743
4 years$47,885$46,063$44,322$42,657$41,065$36,420
5 years$37,925$36,114$34,396$32,765$31,217$26,775
6 years$31,287$29,490$27,797$26,202$24,701$20,466
7 years$26,548$24,766$23,099$21,542$20,088$16,061
8 years$22,995$21,229$19,590$18,071$16,665$12,843
9 years$20,233$18,483$16,873$15,393$14,035$10,415
10 years$18,025$16,292$14,710$13,269$11,958$8,536
11 years$16,219$14,504$12,951$11,548$10,284$7,054
12 years$14,715$13,018$11,493$10,129$8,912$5,869
13 years$13,444$11,764$10,268$8,942$7,772$4,909
14 years$12,355$10,694$9,226$7,938$6,813$4,123
15 years$11,413$9,769$8,330$7,079$5,998$3,476
16 years$10,589$8,963$7,552$6,339$5,301$2,939
17 years$9,862$8,254$6,872$5,695$4,701$2,491
18 years$9,217$7,627$6,274$5,133$4,180$2,116
19 years$8,641$7,069$5,743$4,638$3,725$1,800
20 years$8,123$6,569$5,271$4,200$3,327$1,534
21 years$7,655$6,119$4,848$3,812$2,978$1,308
22 years$7,230$5,711$4,468$3,466$2,669$1,117
23 years$6,842$5,342$4,126$3,157$2,396$955
24 years$6,488$5,005$3,816$2,879$2,154$817
25 years$6,162$4,697$3,534$2,629$1,938$699
26 years$5,862$4,414$3,278$2,404$1,746$599
27 years$5,584$4,154$3,044$2,201$1,574$513
28 years$5,327$3,915$2,829$2,016$1,420$440
29 years$5,088$3,693$2,633$1,849$1,282$377
30 years$4,865$3,488$2,453$1,697$1,159$323
31 years$4,657$3,297$2,286$1,558$1,047$277
32 years$4,463$3,120$2,133$1,432$948$238
33 years$4,280$2,954$1,992$1,317$858$204
34 years$4,109$2,800$1,861$1,212$776$175
35 years$3,948$2,656$1,740$1,115$703$150
36 years$3,796$2,521$1,628$1,027$637$129
37 years$3,653$2,394$1,523$947$577$111
38 years$3,517$2,275$1,427$872$524$95
39 years$3,389$2,164$1,337$804$475$82
40 years$3,268$2,058$1,253$742$431$70
41 years$3,152$1,959$1,175$685$391$60
42 years$3,043$1,866$1,102$632$354$52
43 years$2,939$1,778$1,034$583$322$44
44 years$2,840$1,695$971$538$292$38
45 years$2,745$1,616$911$497$265$33
46 years$2,655$1,542$856$459$241$28
47 years$2,569$1,471$804$424$219$24
48 years$2,487$1,405$756$392$198$21
49 years$2,409$1,341$710$362$180$18
50 years$2,333$1,281$668$335$164$15

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 $4,347 every year, while hoping to spend $45,224 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: 70/7/23 Blend
50$2,390,000$2,390,000$2,390,000$2,390,000
51$2,638,264$2,511,594$2,474,549$2,807,426
52$2,859,249$2,586,544$2,509,328$2,996,006
53$3,101,259$2,663,651$2,543,757$3,196,663
54$3,366,390$2,742,973$2,577,776$3,415,225
55$3,656,952$2,824,569$2,611,321$3,653,463
56$3,975,487$2,908,499$2,644,327$3,913,328
57$4,324,798$2,994,826$2,676,723$4,196,967
58$4,707,968$3,083,613$2,708,434$4,506,748
59$5,128,396$3,174,925$2,739,382$4,845,278
60$5,589,824$3,268,829$2,769,483$5,215,430
61$6,096,375$3,365,390$2,798,650$5,620,367
62$6,652,591$3,464,680$2,826,790$6,063,578
63$7,263,474$3,566,768$2,853,806$6,548,901
64$7,934,535$3,671,726$2,879,595$7,080,571
65$8,671,845$3,779,629$2,904,049$7,663,250
66$9,482,092$3,890,550$2,927,054$8,302,075
67$10,372,645$4,004,566$2,948,490$9,002,708
68$11,351,620$4,121,755$2,968,230$9,771,387
69$12,427,962$4,242,198$2,986,142$10,614,984
70$13,611,522$4,365,973$3,002,086$11,541,073
71$14,913,157$4,493,165$3,015,915$12,557,999
72$16,344,826$4,623,858$3,027,475$13,674,959
73$17,919,707$4,758,135$3,036,604$14,902,085
74$19,652,318$4,896,085$3,043,132$16,250,542
75$21,558,657$5,037,796$3,046,879$17,732,637
76$23,656,350$5,183,357$3,047,659$19,361,926
77$25,964,816$5,332,861$3,045,274$21,153,351
78$28,505,455$5,486,398$3,039,519$23,123,378
79$31,301,844$5,644,065$3,030,175$25,290,149
80$34,379,963$5,805,955$3,017,017$27,673,659
81$37,768,438$5,972,166$2,999,806$30,295,941
82$41,498,812$6,142,795$2,978,293$33,181,274
83$45,605,841$6,317,942$2,952,215$36,356,416
84$50,127,822$6,497,707$2,921,300$39,850,851
85$55,106,957$6,682,191$2,885,260$43,697,072
86$60,589,745$6,871,496$2,843,795$47,930,887
87$66,627,426$7,065,727$2,796,590$52,591,755
88$73,276,464$7,264,988$2,743,315$57,723,161
89$80,599,073$7,469,383$2,683,627$63,373,025
90$88,663,814$7,679,018$2,617,164$69,594,155
91$97,546,233$7,894,000$2,543,549$76,444,747
92$107,329,579$8,114,435$2,462,387$83,988,933
93$118,105,584$8,340,431$2,373,266$92,297,387
94$129,975,337$8,572,095$2,275,753$101,447,992
95$143,050,228$8,809,535$2,169,398$111,526,577
96$157,453,006$9,052,857$2,053,728$122,627,727
97$173,318,935$9,302,169$1,928,250$134,855,674
98$190,797,069$9,557,578$1,792,449$148,325,286
99$210,051,660$9,819,190$1,645,786$163,163,146
100$231,263,709$10,087,109$1,487,698$179,508,753