Can I retire at age 51 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$175,068$173,508$171,987$170,502$169,052$164,965
2 years$86,667$85,053$83,489$81,972$80,501$76,408
3 years$57,204$55,583$54,023$52,520$51,073$47,102
4 years$42,476$40,859$39,315$37,838$36,426$32,607
5 years$33,641$32,034$30,510$29,063$27,690$24,035
6 years$27,753$26,158$24,656$23,242$21,910$18,422
7 years$23,549$21,968$20,490$19,109$17,819$14,498
8 years$20,397$18,830$17,377$16,030$14,783$11,627
9 years$17,947$16,395$14,967$13,654$12,449$9,457
10 years$15,988$14,452$13,048$11,770$10,607$7,775
11 years$14,387$12,865$11,488$10,243$9,123$6,446
12 years$13,053$11,547$10,195$8,985$7,905$5,380
13 years$11,925$10,435$9,108$7,932$6,894$4,515
14 years$10,960$9,486$8,184$7,041$6,043$3,806
15 years$10,123$8,665$7,389$6,280$5,321$3,220
16 years$9,392$7,950$6,699$5,623$4,702$2,732
17 years$8,748$7,322$6,096$5,052$4,170$2,324
18 years$8,176$6,766$5,565$4,553$3,707$1,981
19 years$7,665$6,270$5,094$4,114$3,304$1,692
20 years$7,205$5,827$4,675$3,726$2,952$1,447
21 years$6,790$5,427$4,300$3,381$2,641$1,239
22 years$6,413$5,066$3,964$3,075$2,368$1,062
23 years$6,069$4,738$3,660$2,800$2,125$911
24 years$5,755$4,440$3,385$2,554$1,910$783
25 years$5,466$4,166$3,135$2,332$1,719$673
26 years$5,199$3,916$2,907$2,132$1,548$578
27 years$4,953$3,685$2,700$1,952$1,396$497
28 years$4,725$3,472$2,510$1,788$1,260$428
29 years$4,513$3,276$2,336$1,640$1,137$368
30 years$4,315$3,094$2,175$1,505$1,028$317
31 years$4,131$2,925$2,028$1,382$929$273
32 years$3,958$2,767$1,892$1,270$840$236
33 years$3,797$2,621$1,767$1,168$761$203
34 years$3,645$2,484$1,651$1,075$689$175
35 years$3,502$2,356$1,543$989$624$151
36 years$3,367$2,236$1,444$911$565$130
37 years$3,240$2,124$1,351$840$512$112
38 years$3,120$2,018$1,266$774$464$97
39 years$3,006$1,919$1,186$714$421$83
40 years$2,898$1,826$1,111$658$382$72
41 years$2,796$1,738$1,042$607$347$62
42 years$2,699$1,655$977$560$314$53
43 years$2,607$1,577$917$517$285$46
44 years$2,519$1,503$861$478$259$40
45 years$2,435$1,434$808$441$235$34
46 years$2,355$1,368$759$407$214$30
47 years$2,279$1,305$713$376$194$26
48 years$2,206$1,246$670$348$176$22
49 years$2,137$1,190$630$321$160$19
50 years$2,070$1,137$592$297$145$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,120,000, adding $5,990 every year, while hoping to spend $55,842 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: 74/7/19 Blend
50$2,120,000$2,120,000$2,120,000$2,120,000
51$2,342,419$2,230,059$2,197,199$2,504,875
52$2,521,930$2,279,916$2,211,389$2,663,304
53$2,717,880$2,330,345$2,224,184$2,829,472
54$2,931,886$2,381,314$2,235,476$3,010,114
55$3,165,729$2,432,790$2,245,156$3,206,659
56$3,421,371$2,484,733$2,253,106$3,420,680
57$3,700,969$2,537,104$2,259,203$3,653,910
58$4,006,900$2,589,854$2,263,319$3,908,259
59$4,341,782$2,642,935$2,265,318$4,185,832
60$4,708,497$2,696,292$2,265,059$4,488,946
61$5,110,218$2,749,865$2,262,393$4,820,156
62$5,550,440$2,803,588$2,257,163$5,182,277
63$6,033,013$2,857,392$2,249,206$5,578,412
64$6,562,176$2,911,200$2,238,350$6,011,977
65$7,142,598$2,964,928$2,224,415$6,486,740
66$7,779,422$3,018,489$2,207,212$7,006,851
67$8,478,313$3,071,785$2,186,543$7,576,884
68$9,245,510$3,124,712$2,162,202$8,201,879
69$10,087,888$3,177,158$2,133,971$8,887,391
70$11,013,017$3,229,004$2,101,624$9,639,541
71$12,029,238$3,280,118$2,064,922$10,465,074
72$13,145,741$3,330,364$2,023,617$11,371,426
73$14,372,646$3,379,592$1,977,448$12,366,788
74$15,721,106$3,427,642$1,926,142$13,460,190
75$17,203,406$3,474,343$1,869,415$14,661,582
76$18,833,081$3,519,514$1,806,969$15,981,930
77$20,625,043$3,562,958$1,738,490$17,433,318
78$22,595,722$3,604,467$1,663,653$19,029,066
79$24,763,217$3,643,818$1,582,118$20,783,852
80$27,147,474$3,680,774$1,493,527$22,713,852
81$29,770,464$3,715,080$1,397,509$24,836,893
82$32,656,399$3,746,466$1,293,673$27,172,622
83$35,831,954$3,774,645$1,181,613$29,742,693
84$39,326,520$3,799,309$1,060,903$32,570,967
85$43,172,483$3,820,133$931,101$35,683,744
86$47,405,525$3,836,769$791,743$39,110,006
87$52,064,966$3,848,848$642,343$42,881,695
88$57,194,128$3,855,977$482,397$47,034,012
89$62,840,748$3,857,739$311,377$51,605,752
90$69,057,428$3,853,691$128,731$56,639,670
91$75,902,126$3,843,363$0$62,182,885
92$83,438,711$3,826,256$0$68,300,741
93$91,737,556$3,801,839$0$75,065,771
94$100,876,208$3,769,550$0$82,515,047
95$110,940,118$3,728,795$0$90,718,206
96$122,023,444$3,678,940$0$99,751,987
97$134,229,944$3,619,317$0$109,700,952
98$147,673,951$3,549,215$0$120,658,283
99$162,481,451$3,467,884$0$132,726,665
100$178,791,276$3,374,527$0$146,019,253