Can I retire at age 51 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$174,242$172,690$171,176$169,698$168,254$164,320
2 years$86,258$84,652$83,095$81,585$80,121$76,180
3 years$56,934$55,321$53,768$52,273$50,832$47,007
4 years$42,275$40,667$39,129$37,659$36,254$32,574
5 years$33,482$31,883$30,366$28,926$27,560$24,036
6 years$27,622$26,035$24,540$23,132$21,807$18,443
7 years$23,438$21,864$20,393$19,018$17,735$14,531
8 years$20,301$18,742$17,295$15,954$14,713$11,667
9 years$17,862$16,318$14,896$13,589$12,390$9,501
10 years$15,913$14,383$12,987$11,714$10,557$7,821
11 years$14,319$12,805$11,433$10,195$9,080$6,492
12 years$12,991$11,493$10,147$8,942$7,868$5,426
13 years$11,869$10,386$9,065$7,895$6,861$4,560
14 years$10,908$9,441$8,145$7,008$6,014$3,849
15 years$10,076$8,624$7,354$6,250$5,296$3,260
16 years$9,348$7,913$6,668$5,596$4,680$2,771
17 years$8,707$7,287$6,067$5,028$4,150$2,360
18 years$8,137$6,734$5,539$4,531$3,690$2,015
19 years$7,629$6,241$5,070$4,094$3,289$1,723
20 years$7,171$5,799$4,653$3,708$2,938$1,476
21 years$6,758$5,402$4,280$3,365$2,629$1,266
22 years$6,383$5,042$3,945$3,060$2,356$1,087
23 years$6,041$4,716$3,642$2,787$2,115$934
24 years$5,728$4,419$3,369$2,542$1,901$803
25 years$5,440$4,147$3,120$2,321$1,711$691
26 years$5,175$3,897$2,894$2,122$1,541$595
27 years$4,930$3,668$2,687$1,943$1,389$513
28 years$4,703$3,456$2,498$1,780$1,254$442
29 years$4,492$3,260$2,324$1,632$1,132$381
30 years$4,295$3,079$2,165$1,498$1,023$329
31 years$4,111$2,911$2,019$1,376$925$284
32 years$3,940$2,754$1,883$1,264$837$245
33 years$3,779$2,608$1,758$1,163$757$211
34 years$3,627$2,472$1,643$1,070$685$183
35 years$3,485$2,345$1,536$985$621$158
36 years$3,351$2,225$1,437$907$562$136
37 years$3,225$2,114$1,345$836$510$118
38 years$3,105$2,009$1,260$770$462$102
39 years$2,992$1,910$1,180$710$419$88
40 years$2,885$1,817$1,106$655$380$76
41 years$2,783$1,730$1,037$604$345$65
42 years$2,686$1,647$973$558$313$57
43 years$2,594$1,570$913$515$284$49
44 years$2,507$1,496$857$475$258$42
45 years$2,424$1,427$805$439$234$36
46 years$2,344$1,361$756$406$212$32
47 years$2,268$1,299$710$375$193$27
48 years$2,196$1,240$667$346$175$24
49 years$2,126$1,184$627$320$159$20
50 years$2,060$1,131$590$296$145$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,110,000, adding $6,575 every year, while hoping to spend $35,687 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: 38/44/18 Blend
50$2,110,000$2,110,000$2,110,000$2,110,000
51$2,332,002$2,220,172$2,187,467$2,407,776
52$2,531,896$2,290,990$2,222,777$2,533,708
53$2,750,982$2,364,082$2,258,073$2,665,835
54$2,991,182$2,439,521$2,293,318$2,807,879
55$3,254,609$2,517,384$2,328,471$2,960,755
56$3,543,594$2,597,750$2,363,489$3,125,465
57$3,860,700$2,680,700$2,398,326$3,303,113
58$4,208,755$2,766,318$2,432,933$3,494,913
59$4,590,871$2,854,690$2,467,259$3,702,198
60$5,010,476$2,945,907$2,501,249$3,926,436
61$5,471,349$3,040,060$2,534,844$4,169,240
62$5,977,649$3,137,245$2,567,984$4,432,385
63$6,533,960$3,237,562$2,600,603$4,717,824
64$7,145,333$3,341,112$2,632,632$5,027,707
65$7,817,331$3,448,000$2,663,999$5,364,399
66$8,556,083$3,558,336$2,694,627$5,730,501
67$9,368,341$3,672,232$2,724,435$6,128,880
68$10,261,544$3,789,804$2,753,336$6,562,687
69$11,243,890$3,911,172$2,781,241$7,035,395
70$12,324,408$4,036,462$2,808,054$7,550,824
71$13,513,050$4,165,800$2,833,676$8,113,181
72$14,820,776$4,299,319$2,857,999$8,727,100
73$16,259,667$4,437,157$2,880,913$9,397,681
74$17,843,030$4,579,455$2,902,301$10,130,540
75$19,585,530$4,726,359$2,922,039$10,931,863
76$21,503,324$4,878,021$2,939,997$11,808,462
77$23,614,215$5,034,596$2,956,040$12,767,839
78$25,937,820$5,196,246$2,970,022$13,818,257
79$28,495,754$5,363,138$2,981,794$14,968,816
80$31,311,833$5,535,445$2,991,197$16,229,539
81$34,412,303$5,713,344$2,998,064$17,611,470
82$37,826,080$5,897,021$3,002,222$19,126,769
83$41,585,030$6,086,664$3,003,486$20,788,835
84$45,724,264$6,282,472$3,001,664$22,612,427
85$50,282,474$6,484,648$2,996,554$24,613,802
86$55,302,292$6,693,401$2,987,945$26,810,873
87$60,830,698$6,908,951$2,975,614$29,223,372
88$66,919,461$7,131,521$2,959,328$31,873,036
89$73,625,624$7,361,344$2,938,844$34,783,818
90$81,012,048$7,598,660$2,913,905$37,982,103
91$89,148,000$7,843,717$2,884,244$41,496,964
92$98,109,811$8,096,774$2,849,581$45,360,429
93$107,981,590$8,358,094$2,809,620$49,607,791
94$118,856,025$8,627,954$2,764,056$54,277,933
95$130,835,252$8,906,636$2,712,564$59,413,696
96$144,031,822$9,194,435$2,654,809$65,062,285
97$158,569,760$9,491,655$2,590,438$71,275,712
98$174,585,739$9,798,609$2,519,080$78,111,287
99$192,230,366$10,115,623$2,440,351$85,632,156
100$211,669,607$10,443,032$2,353,847$93,907,900