Can I retire at age 51 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$177,545$175,964$174,421$172,915$171,444$168,396
2 years$87,894$86,257$84,670$83,132$81,640$78,580
3 years$58,014$56,370$54,787$53,263$51,796$48,818
4 years$43,077$41,438$39,871$38,373$36,941$34,069
5 years$34,117$32,488$30,942$29,474$28,082$25,324
6 years$28,145$26,529$25,005$23,571$22,220$19,580
7 years$23,882$22,279$20,780$19,379$18,071$15,549
8 years$20,686$19,097$17,623$16,257$14,992$12,587
9 years$18,201$16,627$15,178$13,847$12,625$10,336
10 years$16,215$14,656$13,233$11,936$10,757$8,582
11 years$14,590$13,048$11,650$10,388$9,252$7,188
12 years$13,238$11,711$10,339$9,112$8,017$6,062
13 years$12,094$10,583$9,237$8,044$6,991$5,142
14 years$11,115$9,620$8,300$7,141$6,128$4,381
15 years$10,267$8,788$7,494$6,368$5,396$3,748
16 years$9,525$8,063$6,794$5,702$4,769$3,216
17 years$8,872$7,425$6,182$5,123$4,229$2,768
18 years$8,292$6,861$5,644$4,617$3,760$2,387
19 years$7,773$6,359$5,166$4,172$3,351$2,063
20 years$7,307$5,909$4,742$3,779$2,993$1,786
21 years$6,886$5,504$4,361$3,429$2,679$1,548
22 years$6,504$5,138$4,020$3,118$2,401$1,343
23 years$6,155$4,805$3,711$2,840$2,155$1,167
24 years$5,836$4,502$3,432$2,590$1,937$1,015
25 years$5,543$4,225$3,179$2,365$1,743$883
26 years$5,273$3,971$2,948$2,163$1,570$769
27 years$5,023$3,737$2,738$1,980$1,416$670
28 years$4,792$3,522$2,545$1,814$1,277$585
29 years$4,577$3,322$2,369$1,663$1,153$510
30 years$4,376$3,137$2,206$1,526$1,042$445
31 years$4,189$2,966$2,057$1,402$942$388
32 years$4,014$2,806$1,919$1,288$852$339
33 years$3,850$2,658$1,792$1,185$771$296
34 years$3,696$2,519$1,674$1,090$698$259
35 years$3,551$2,389$1,565$1,003$633$226
36 years$3,415$2,268$1,464$924$573$197
37 years$3,286$2,154$1,370$852$519$173
38 years$3,164$2,047$1,283$785$471$151
39 years$3,049$1,946$1,202$724$427$132
40 years$2,939$1,852$1,127$667$387$115
41 years$2,836$1,763$1,057$616$351$101
42 years$2,737$1,679$991$568$319$88
43 years$2,644$1,599$930$525$289$77
44 years$2,555$1,525$873$484$263$67
45 years$2,470$1,454$820$447$238$59
46 years$2,389$1,387$770$413$217$52
47 years$2,311$1,324$723$382$197$45
48 years$2,237$1,264$680$353$179$39
49 years$2,167$1,207$639$326$162$35
50 years$2,099$1,153$601$301$147$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,150,000, adding $3,725 every year, while hoping to spend $25,059 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: 64/25/11 Blend
50$2,150,000$2,150,000$2,150,000$2,150,000
51$2,373,142$2,259,192$2,225,867$2,518,939
52$2,588,540$2,343,230$2,273,771$2,700,817
53$2,825,069$2,430,546$2,322,440$2,896,136
54$3,084,857$2,521,274$2,371,873$3,108,843
55$3,370,250$2,615,554$2,422,069$3,340,629
56$3,683,832$2,713,532$2,473,024$3,593,354
57$4,028,447$2,815,360$2,524,735$3,869,065
58$4,407,233$2,921,197$2,577,198$4,170,014
59$4,823,644$3,031,208$2,630,407$4,498,682
60$5,281,485$3,145,567$2,684,354$4,857,796
61$5,784,949$3,264,452$2,739,033$5,250,361
62$6,338,656$3,388,053$2,794,433$5,679,682
63$6,947,696$3,516,565$2,850,544$6,149,400
64$7,617,677$3,650,192$2,907,353$6,663,522
65$8,354,777$3,789,149$2,964,846$7,226,461
66$9,165,805$3,933,657$3,023,009$7,843,074
67$10,058,261$4,083,951$3,081,824$8,518,712
68$11,040,410$4,240,271$3,141,271$9,259,263
69$12,121,359$4,402,871$3,201,331$10,071,217
70$13,311,141$4,572,016$3,261,980$10,961,715
71$14,620,814$4,747,981$3,323,192$11,938,626
72$16,062,559$4,931,054$3,384,941$13,010,614
73$17,649,801$5,121,536$3,447,197$14,187,222
74$19,397,330$5,319,741$3,509,928$15,478,962
75$21,321,446$5,525,996$3,573,099$16,897,409
76$23,440,108$5,740,644$3,636,672$18,455,316
77$25,773,105$5,964,042$3,700,606$20,166,730
78$28,342,244$6,196,562$3,764,859$22,047,124
79$31,171,554$6,438,595$3,829,383$24,113,541
80$34,287,513$6,690,547$3,894,128$26,384,758
81$37,719,299$6,952,843$3,959,041$28,881,457
82$41,499,063$7,225,928$4,024,064$31,626,425
83$45,662,232$7,510,264$4,089,136$34,644,763
84$50,247,849$7,806,335$4,154,190$37,964,125
85$55,298,932$8,114,649$4,219,159$41,614,979
86$60,862,889$8,435,732$4,283,966$45,630,888
87$66,991,959$8,770,138$4,348,534$50,048,832
88$73,743,707$9,118,443$4,412,778$54,909,553
89$81,181,568$9,481,249$4,476,609$60,257,939
90$89,375,445$9,859,188$4,539,932$66,143,445
91$98,402,368$10,252,916$4,602,648$72,620,560
92$108,347,222$10,663,121$4,664,649$79,749,320
93$119,303,548$11,090,523$4,725,824$87,595,874
94$131,374,423$11,535,872$4,786,052$96,233,104
95$144,673,437$11,999,953$4,845,208$105,741,314
96$159,325,765$12,483,587$4,903,160$116,208,988
97$175,469,342$12,987,632$4,959,764$127,733,618
98$193,256,173$13,512,984$5,014,875$140,422,628
99$212,853,763$14,060,581$5,068,333$154,394,385
100$234,446,699$14,631,401$5,119,975$169,779,312