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

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$197,364$195,606$193,891$192,217$190,582$185,000
2 years$97,705$95,885$94,122$92,412$90,753$85,175
3 years$64,490$62,662$60,903$59,209$57,578$52,178
4 years$47,885$46,063$44,322$42,657$41,065$35,885
5 years$37,925$36,114$34,396$32,765$31,217$26,270
6 years$31,287$29,490$27,797$26,202$24,701$19,993
7 years$26,548$24,766$23,099$21,542$20,088$15,618
8 years$22,995$21,229$19,590$18,071$16,665$12,431
9 years$20,233$18,483$16,873$15,393$14,035$10,031
10 years$18,025$16,292$14,710$13,269$11,958$8,181
11 years$16,219$14,504$12,951$11,548$10,284$6,726
12 years$14,715$13,018$11,493$10,129$8,912$5,567
13 years$13,444$11,764$10,268$8,942$7,772$4,631
14 years$12,355$10,694$9,226$7,938$6,813$3,868
15 years$11,413$9,769$8,330$7,079$5,998$3,243
16 years$10,589$8,963$7,552$6,339$5,301$2,726
17 years$9,862$8,254$6,872$5,695$4,701$2,297
18 years$9,217$7,627$6,274$5,133$4,180$1,940
19 years$8,641$7,069$5,743$4,638$3,725$1,640
20 years$8,123$6,569$5,271$4,200$3,327$1,389
21 years$7,655$6,119$4,848$3,812$2,978$1,178
22 years$7,230$5,711$4,468$3,466$2,669$999
23 years$6,842$5,342$4,126$3,157$2,396$849
24 years$6,488$5,005$3,816$2,879$2,154$721
25 years$6,162$4,697$3,534$2,629$1,938$613
26 years$5,862$4,414$3,278$2,404$1,746$522
27 years$5,584$4,154$3,044$2,201$1,574$444
28 years$5,327$3,915$2,829$2,016$1,420$378
29 years$5,088$3,693$2,633$1,849$1,282$322
30 years$4,865$3,488$2,453$1,697$1,159$275
31 years$4,657$3,297$2,286$1,558$1,047$234
32 years$4,463$3,120$2,133$1,432$948$199
33 years$4,280$2,954$1,992$1,317$858$170
34 years$4,109$2,800$1,861$1,212$776$145
35 years$3,948$2,656$1,740$1,115$703$124
36 years$3,796$2,521$1,628$1,027$637$105
37 years$3,653$2,394$1,523$947$577$90
38 years$3,517$2,275$1,427$872$524$77
39 years$3,389$2,164$1,337$804$475$65
40 years$3,268$2,058$1,253$742$431$56
41 years$3,152$1,959$1,175$685$391$48
42 years$3,043$1,866$1,102$632$354$41
43 years$2,939$1,778$1,034$583$322$35
44 years$2,840$1,695$971$538$292$30
45 years$2,745$1,616$911$497$265$25
46 years$2,655$1,542$856$459$241$21
47 years$2,569$1,471$804$424$219$18
48 years$2,487$1,405$756$392$198$16
49 years$2,409$1,341$710$362$180$13
50 years$2,333$1,281$668$335$164$11

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 $5,695 every year, while hoping to spend $23,599 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: 42/46/12 Blend
50$2,390,000$2,390,000$2,390,000$2,390,000
51$2,639,654$2,512,984$2,475,939$2,741,011
52$2,883,790$2,611,011$2,533,774$2,910,632
53$3,152,036$2,713,051$2,592,756$3,091,395
54$3,446,828$2,819,274$2,652,897$3,286,609
55$3,770,847$2,929,861$2,714,211$3,497,603
56$4,127,048$3,044,999$2,776,712$3,725,837
57$4,518,686$3,164,883$2,840,411$3,972,914
58$4,949,347$3,289,718$2,905,320$4,240,593
59$5,422,984$3,419,717$2,971,451$4,530,808
60$5,943,948$3,555,103$3,038,815$4,845,683
61$6,517,037$3,696,109$3,107,421$5,187,552
62$7,147,535$3,842,979$3,177,281$5,558,979
63$7,841,266$3,995,967$3,248,402$5,962,784
64$8,604,645$4,155,340$3,320,793$6,402,065
65$9,444,741$4,321,373$3,394,462$6,880,228
66$10,369,343$4,494,359$3,469,414$7,401,022
67$11,387,034$4,674,600$3,545,657$7,968,563
68$12,507,269$4,862,414$3,623,195$8,587,384
69$13,740,469$5,058,131$3,702,031$9,262,467
70$15,098,116$5,262,098$3,782,168$9,999,294
71$16,592,860$5,474,677$3,863,607$10,803,896
72$18,238,643$5,696,247$3,946,348$11,682,907
73$20,050,825$5,927,203$4,030,391$12,643,628
74$22,046,332$6,167,959$4,115,732$13,694,092
75$24,243,816$6,418,948$4,202,367$14,843,140
76$26,663,829$6,680,620$4,290,291$16,100,503
77$29,329,019$6,953,450$4,379,495$17,476,889
78$32,264,340$7,237,930$4,469,969$18,984,087
79$35,497,293$7,534,579$4,561,704$20,635,071
80$39,058,180$7,843,936$4,654,684$22,444,128
81$42,980,392$8,166,567$4,748,894$24,426,981
82$47,300,726$8,503,063$4,844,315$26,600,946
83$52,059,729$8,854,041$4,940,928$28,985,085
84$57,302,080$9,220,149$5,038,709$31,600,387
85$63,077,019$9,602,062$5,137,631$34,469,965
86$69,438,799$10,000,488$5,237,667$37,619,267
87$76,447,211$10,416,166$5,338,783$41,076,319
88$84,168,139$10,849,871$5,440,945$44,871,986
89$92,674,186$11,302,411$5,544,113$49,040,257
90$102,045,358$11,774,635$5,648,246$53,618,564
91$112,369,820$12,267,427$5,753,297$58,648,136
92$123,744,725$12,781,714$5,859,217$64,174,382
93$136,277,136$13,318,467$5,965,949$70,247,315
94$150,085,032$13,878,700$6,073,437$76,922,022
95$165,298,424$14,463,475$6,181,615$84,259,184
96$182,060,580$15,073,902$6,290,416$92,325,638
97$200,529,380$15,711,144$6,399,766$101,195,009
98$220,878,805$16,376,418$6,509,586$110,948,399
99$243,300,576$17,070,996$6,619,791$121,675,150
100$268,005,971$17,796,211$6,730,290$133,473,680