Can I retire at age 51 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$175,893$174,327$172,798$171,306$169,849$164,019
2 years$87,076$85,454$83,883$82,359$80,881$75,066
3 years$57,474$55,845$54,278$52,768$51,314$45,698
4 years$42,676$41,052$39,500$38,016$36,598$31,222
5 years$33,799$32,185$30,654$29,200$27,821$22,701
6 years$27,884$26,282$24,773$23,352$22,014$17,154
7 years$23,660$22,071$20,586$19,199$17,903$13,302
8 years$20,493$18,919$17,459$16,105$14,852$10,506
9 years$18,032$16,473$15,037$13,718$12,508$8,411
10 years$16,064$14,520$13,110$11,825$10,657$6,804
11 years$14,455$12,926$11,542$10,291$9,166$5,547
12 years$13,115$11,602$10,243$9,027$7,943$4,551
13 years$11,982$10,485$9,151$7,969$6,926$3,753
14 years$11,011$9,530$8,223$7,074$6,071$3,107
15 years$10,171$8,706$7,424$6,309$5,346$2,581
16 years$9,437$7,988$6,731$5,649$4,725$2,149
17 years$8,789$7,356$6,125$5,076$4,189$1,794
18 years$8,215$6,798$5,591$4,574$3,725$1,500
19 years$7,701$6,300$5,118$4,133$3,320$1,256
20 years$7,239$5,854$4,697$3,743$2,966$1,053
21 years$6,822$5,453$4,321$3,397$2,654$884
22 years$6,443$5,090$3,982$3,089$2,379$743
23 years$6,098$4,761$3,677$2,813$2,135$624
24 years$5,782$4,460$3,400$2,566$1,919$525
25 years$5,491$4,186$3,150$2,343$1,727$442
26 years$5,224$3,934$2,921$2,143$1,556$372
27 years$4,977$3,702$2,712$1,961$1,403$313
28 years$4,747$3,489$2,522$1,797$1,266$264
29 years$4,534$3,291$2,347$1,648$1,143$223
30 years$4,336$3,108$2,186$1,512$1,033$188
31 years$4,150$2,938$2,038$1,389$934$158
32 years$3,977$2,780$1,901$1,276$844$133
33 years$3,815$2,633$1,775$1,174$764$112
34 years$3,662$2,495$1,659$1,080$692$95
35 years$3,518$2,367$1,551$994$627$80
36 years$3,383$2,247$1,451$916$568$67
37 years$3,255$2,134$1,358$844$515$57
38 years$3,135$2,028$1,271$778$467$48
39 years$3,020$1,928$1,191$717$423$41
40 years$2,912$1,835$1,117$661$384$34
41 years$2,809$1,746$1,047$610$348$29
42 years$2,712$1,663$982$563$316$24
43 years$2,619$1,585$922$520$287$21
44 years$2,531$1,510$865$480$260$17
45 years$2,447$1,440$812$443$236$15
46 years$2,366$1,374$763$409$215$12
47 years$2,290$1,311$717$378$195$10
48 years$2,217$1,252$674$350$177$9
49 years$2,147$1,195$633$323$161$7
50 years$2,080$1,142$595$299$146$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,130,000, adding $2,523 every year, while hoping to spend $44,138 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: 73/17/10 Blend
50$2,130,000$2,130,000$2,130,000$2,130,000
51$2,349,862$2,236,972$2,203,957$2,516,844
52$2,542,586$2,299,622$2,230,828$2,690,102
53$2,753,488$2,363,861$2,257,118$2,874,064
54$2,984,376$2,429,723$2,282,764$3,074,331
55$3,237,241$2,497,237$2,307,695$3,292,503
56$3,514,274$2,566,437$2,331,838$3,530,341
57$3,817,890$2,637,352$2,355,114$3,789,784
58$4,150,747$2,710,015$2,377,443$4,072,969
59$4,515,774$2,784,457$2,398,738$4,382,248
60$4,916,196$2,860,708$2,418,909$4,720,211
61$5,355,564$2,938,799$2,437,859$5,089,714
62$5,837,793$3,018,761$2,455,488$5,493,898
63$6,367,192$3,100,625$2,471,691$5,936,225
64$6,948,509$3,184,418$2,486,356$6,420,509
65$7,586,974$3,270,172$2,499,366$6,950,950
66$8,288,348$3,357,913$2,510,597$7,532,176
67$9,058,979$3,447,670$2,519,922$8,169,284
68$9,905,858$3,539,470$2,527,203$8,867,891
69$10,836,689$3,633,338$2,532,298$9,634,183
70$11,859,959$3,729,299$2,535,057$10,474,977
71$12,985,017$3,827,377$2,535,324$11,397,781
72$14,222,165$3,927,594$2,532,933$12,410,871
73$15,582,750$4,029,971$2,527,711$13,523,362
74$17,079,279$4,134,527$2,519,477$14,745,298
75$18,725,526$4,241,279$2,508,040$16,087,745
76$20,536,671$4,350,244$2,493,201$17,562,897
77$22,529,439$4,461,433$2,474,751$19,184,190
78$24,722,258$4,574,859$2,452,471$20,966,426
79$27,135,430$4,690,530$2,426,131$22,925,917
80$29,791,329$4,808,450$2,395,491$25,080,638
81$32,714,604$4,928,624$2,360,300$27,450,393
82$35,932,416$5,051,049$2,320,293$30,057,005
83$39,474,695$5,175,723$2,275,194$32,924,521
84$43,374,417$5,302,636$2,224,716$36,079,440
85$47,667,919$5,431,777$2,168,556$39,550,961
86$52,395,242$5,563,129$2,106,398$43,371,258
87$57,600,506$5,696,672$2,037,912$47,575,786
88$63,332,326$5,832,377$1,962,750$52,203,616
89$69,644,274$5,970,215$1,880,553$57,297,801
90$76,595,381$6,110,146$1,790,942$62,905,782
91$84,250,693$6,252,126$1,693,522$69,079,839
92$92,681,888$6,396,105$1,587,879$75,877,583
93$101,967,950$6,542,023$1,473,583$83,362,499
94$112,195,915$6,689,816$1,350,182$91,604,544
95$123,461,690$6,839,409$1,217,205$100,680,812
96$135,870,960$6,990,718$1,074,159$110,676,256
97$149,540,186$7,143,651$920,531$121,684,495
98$164,597,700$7,298,105$755,784$133,808,694
99$181,184,919$7,453,966$579,356$147,162,540
100$199,457,680$7,611,109$390,664$161,871,315