Can I retire at age 51 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$173,416$171,871$170,364$168,893$167,457$163,475
2 years$85,850$84,251$82,701$81,199$79,741$75,753
3 years$56,665$55,059$53,513$52,025$50,591$46,721
4 years$42,075$40,474$38,944$37,481$36,082$32,360
5 years$33,323$31,732$30,222$28,789$27,429$23,865
6 years$27,491$25,912$24,424$23,023$21,704$18,302
7 years$23,327$21,761$20,296$18,928$17,651$14,411
8 years$20,205$18,653$17,213$15,878$14,643$11,565
9 years$17,778$16,241$14,825$13,525$12,332$9,412
10 years$15,837$14,315$12,925$11,659$10,507$7,743
11 years$14,251$12,744$11,379$10,146$9,037$6,423
12 years$12,930$11,438$10,099$8,900$7,831$5,365
13 years$11,813$10,337$9,023$7,857$6,829$4,505
14 years$10,856$9,396$8,107$6,975$5,986$3,800
15 years$10,028$8,583$7,319$6,220$5,271$3,217
16 years$9,304$7,875$6,636$5,570$4,658$2,732
17 years$8,666$7,253$6,039$5,004$4,130$2,325
18 years$8,099$6,702$5,512$4,510$3,672$1,984
19 years$7,592$6,211$5,046$4,075$3,273$1,695
20 years$7,137$5,772$4,631$3,691$2,924$1,451
21 years$6,726$5,376$4,260$3,350$2,616$1,244
22 years$6,352$5,018$3,926$3,045$2,345$1,067
23 years$6,012$4,694$3,625$2,774$2,105$916
24 years$5,700$4,398$3,353$2,530$1,892$787
25 years$5,414$4,127$3,105$2,310$1,703$677
26 years$5,150$3,879$2,880$2,112$1,534$583
27 years$4,906$3,650$2,674$1,934$1,383$502
28 years$4,680$3,440$2,486$1,772$1,248$432
29 years$4,470$3,245$2,313$1,625$1,127$372
30 years$4,275$3,064$2,155$1,491$1,018$321
31 years$4,092$2,897$2,009$1,369$920$277
32 years$3,921$2,741$1,874$1,258$833$238
33 years$3,761$2,596$1,750$1,157$753$206
34 years$3,610$2,460$1,635$1,065$682$177
35 years$3,469$2,334$1,529$980$618$153
36 years$3,335$2,215$1,430$903$560$132
37 years$3,209$2,104$1,339$832$507$114
38 years$3,090$1,999$1,254$767$460$98
39 years$2,978$1,901$1,174$707$417$85
40 years$2,871$1,809$1,101$652$378$73
41 years$2,770$1,722$1,032$602$343$63
42 years$2,674$1,640$968$555$311$55
43 years$2,582$1,562$909$512$283$47
44 years$2,495$1,489$853$473$257$41
45 years$2,412$1,420$801$437$233$35
46 years$2,333$1,355$752$404$211$30
47 years$2,258$1,293$707$373$192$26
48 years$2,185$1,234$664$345$174$23
49 years$2,116$1,179$624$318$158$20
50 years$2,050$1,126$587$294$144$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,100,000, adding $2,978 every year, while hoping to spend $23,259 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: 59/28/13 Blend
50$2,100,000$2,100,000$2,100,000$2,100,000
51$2,317,272$2,205,972$2,173,422$2,446,352
52$2,528,886$2,289,317$2,221,484$2,617,053
53$2,761,306$2,375,967$2,270,377$2,800,249
54$3,016,628$2,466,058$2,320,103$2,999,460
55$3,297,163$2,559,734$2,370,666$3,216,231
56$3,605,458$2,657,145$2,422,068$3,452,263
57$3,944,316$2,758,447$2,474,308$3,709,424
58$4,316,828$2,863,802$2,527,389$3,989,771
59$4,726,396$2,973,380$2,581,309$4,295,567
60$5,176,772$3,087,360$2,636,066$4,629,304
61$5,672,087$3,205,925$2,691,659$4,993,720
62$6,216,894$3,329,269$2,748,084$5,391,833
63$6,816,209$3,457,595$2,805,335$5,826,962
64$7,475,557$3,591,111$2,863,409$6,302,762
65$8,201,027$3,730,039$2,922,296$6,823,254
66$8,999,328$3,874,608$2,981,990$7,392,868
67$9,877,853$4,025,057$3,042,480$8,016,479
68$10,844,747$4,181,637$3,103,756$8,699,454
69$11,908,983$4,344,609$3,165,803$9,447,704
70$13,080,450$4,514,246$3,228,609$10,267,735
71$14,370,045$4,690,833$3,292,156$11,166,716
72$15,789,773$4,874,667$3,356,426$12,152,535
73$17,352,863$5,066,060$3,421,401$13,233,884
74$19,073,894$5,265,335$3,487,056$14,420,334
75$20,968,928$5,472,833$3,553,369$15,722,423
76$23,055,664$5,688,908$3,620,313$17,151,761
77$25,353,606$5,913,929$3,687,858$18,721,134
78$27,884,246$6,148,283$3,755,973$20,444,624
79$30,671,265$6,392,375$3,824,624$22,337,743
80$33,740,759$6,646,627$3,893,774$24,417,577
81$37,121,484$6,911,479$3,963,383$26,702,947
82$40,845,126$7,187,392$4,033,407$29,214,584
83$44,946,604$7,474,849$4,103,801$31,975,326
84$49,464,393$7,774,352$4,174,513$35,010,333
85$54,440,893$8,086,428$4,245,492$38,347,318
86$59,922,828$8,411,626$4,316,679$42,016,813
87$65,961,682$8,750,521$4,388,014$46,052,455
88$72,614,190$9,103,714$4,459,430$50,491,299
89$79,942,874$9,471,832$4,530,857$55,374,169
90$88,016,628$9,855,533$4,602,221$60,746,043
91$96,911,372$10,255,502$4,673,443$66,656,474
92$106,710,766$10,672,456$4,744,438$73,160,055
93$117,507,004$11,107,145$4,815,116$80,316,936
94$129,401,677$11,560,354$4,885,381$88,193,389
95$142,506,739$12,032,903$4,955,133$96,862,432
96$156,945,560$12,525,648$5,024,263$106,404,512
97$172,854,088$13,039,486$5,092,657$116,908,272
98$190,382,140$13,575,356$5,160,195$128,471,376
99$209,694,806$14,134,236$5,226,750$141,201,436
100$230,974,015$14,717,152$5,292,185$155,217,020