Can I retire at age 51 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$176,719$175,145$173,609$172,110$170,647$169,217
2 years$87,485$85,855$84,276$82,745$81,260$79,819
3 years$57,744$56,107$54,532$53,016$51,555$50,147
4 years$42,876$41,245$39,686$38,195$36,769$35,406
5 years$33,958$32,337$30,798$29,337$27,951$26,636
6 years$28,015$26,405$24,889$23,461$22,117$20,852
7 years$23,771$22,175$20,683$19,289$17,987$16,772
8 years$20,590$19,008$17,541$16,181$14,922$13,758
9 years$18,116$16,550$15,108$13,783$12,567$11,452
10 years$16,139$14,588$13,171$11,881$10,707$9,643
11 years$14,522$12,987$11,596$10,340$9,209$8,193
12 years$13,176$11,656$10,291$9,069$7,980$7,012
13 years$12,038$10,534$9,194$8,007$6,959$6,037
14 years$11,063$9,575$8,261$7,108$6,100$5,224
15 years$10,219$8,747$7,459$6,339$5,371$4,539
16 years$9,481$8,025$6,762$5,676$4,747$3,958
17 years$8,831$7,391$6,154$5,100$4,209$3,462
18 years$8,253$6,829$5,617$4,596$3,742$3,035
19 years$7,737$6,330$5,142$4,153$3,336$2,667
20 years$7,273$5,882$4,719$3,761$2,979$2,349
21 years$6,854$5,479$4,341$3,413$2,666$2,071
22 years$6,473$5,114$4,001$3,104$2,390$1,829
23 years$6,127$4,783$3,694$2,826$2,145$1,618
24 years$5,809$4,481$3,416$2,578$1,928$1,432
25 years$5,517$4,206$3,164$2,354$1,735$1,269
26 years$5,248$3,953$2,935$2,153$1,563$1,126
27 years$5,000$3,720$2,725$1,970$1,409$999
28 years$4,770$3,505$2,533$1,805$1,271$887
29 years$4,556$3,307$2,358$1,655$1,148$789
30 years$4,356$3,123$2,196$1,519$1,037$701
31 years$4,170$2,952$2,047$1,395$938$624
32 years$3,996$2,793$1,910$1,282$848$555
33 years$3,832$2,645$1,783$1,179$768$494
34 years$3,679$2,507$1,666$1,085$695$440
35 years$3,535$2,378$1,558$999$630$392
36 years$3,399$2,257$1,457$920$570$349
37 years$3,271$2,144$1,364$848$517$311
38 years$3,149$2,037$1,277$781$469$277
39 years$3,034$1,937$1,197$720$425$247
40 years$2,926$1,843$1,122$664$386$221
41 years$2,823$1,754$1,052$613$350$197
42 years$2,725$1,671$987$566$317$175
43 years$2,631$1,592$926$522$288$157
44 years$2,543$1,518$869$482$261$140
45 years$2,458$1,447$816$445$237$125
46 years$2,377$1,381$766$411$216$111
47 years$2,301$1,317$720$380$196$99
48 years$2,227$1,258$677$351$178$89
49 years$2,157$1,201$636$325$161$79
50 years$2,089$1,147$598$300$147$71

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,140,000, adding $5,570 every year, while hoping to spend $44,146 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: 55/32/13 Blend
50$2,140,000$2,140,000$2,140,000$2,140,000
51$2,364,025$2,250,605$2,217,435$2,485,805
52$2,558,185$2,313,914$2,244,749$2,632,420
53$2,770,669$2,378,845$2,271,497$2,786,709
54$3,003,301$2,445,432$2,297,615$2,953,684
55$3,258,086$2,513,707$2,323,034$3,134,564
56$3,537,236$2,583,704$2,347,681$3,330,688
57$3,843,185$2,655,455$2,371,479$3,543,533
58$4,178,612$2,728,995$2,394,345$3,774,725
59$4,546,470$2,804,356$2,416,196$4,026,053
60$4,950,012$2,881,571$2,436,940$4,299,486
61$5,392,819$2,960,674$2,456,484$4,597,195
62$5,878,836$3,041,696$2,474,725$4,921,567
63$6,412,409$3,124,671$2,491,561$5,275,234
64$6,998,325$3,209,631$2,506,879$5,661,094
65$7,641,859$3,296,607$2,520,563$6,082,338
66$8,348,818$3,385,631$2,532,492$6,542,481
67$9,125,603$3,476,732$2,542,536$7,045,395
68$9,979,265$3,569,942$2,550,561$7,595,345
69$10,917,569$3,665,288$2,556,424$8,197,030
70$11,949,074$3,762,800$2,559,977$8,855,626
71$13,083,206$3,862,504$2,561,063$9,576,835
72$14,330,353$3,964,427$2,559,518$10,366,940
73$15,701,958$4,068,592$2,555,171$11,232,861
74$17,210,628$4,175,024$2,547,840$12,182,224
75$18,870,255$4,283,743$2,537,336$13,223,431
76$20,696,145$4,394,771$2,523,460$14,365,738
77$22,705,162$4,508,124$2,506,006$15,619,345
78$24,915,885$4,623,818$2,484,753$16,995,490
79$27,348,788$4,741,868$2,459,475$18,506,555
80$30,026,428$4,862,284$2,429,932$20,166,185
81$32,973,662$4,985,075$2,395,873$21,989,415
82$36,217,877$5,110,245$2,357,036$23,992,809
83$39,789,250$5,237,796$2,313,147$26,194,624
84$43,721,034$5,367,728$2,263,917$28,614,974
85$48,049,868$5,500,035$2,209,047$31,276,025
86$52,816,125$5,634,708$2,148,221$34,202,202
87$58,064,294$5,771,732$2,081,110$37,420,420
88$63,843,394$5,911,090$2,007,370$40,960,338
89$70,207,445$6,052,757$1,926,641$44,854,642
90$77,215,967$6,196,705$1,838,546$49,139,346
91$84,934,550$6,342,898$1,742,692$53,854,141
92$93,435,469$6,491,296$1,638,667$59,042,764
93$102,798,366$6,641,848$1,526,042$64,753,411
94$113,111,002$6,794,501$1,404,366$71,039,196
95$124,470,084$6,949,191$1,273,172$77,958,650
96$136,982,177$7,105,846$1,131,968$85,576,271
97$150,764,712$7,264,386$980,242$93,963,140
98$165,947,092$7,424,721$817,460$103,197,586
99$182,671,913$7,586,749$643,062$113,365,928
100$201,096,310$7,750,361$456,466$124,563,290