Can I retire at age 51 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$179,197$177,600$176,043$174,523$173,039$171,232
2 years$88,711$87,059$85,458$83,905$82,399$80,580
3 years$58,553$56,894$55,297$53,759$52,278$50,502
4 years$43,477$41,823$40,242$38,730$37,285$35,566
5 years$34,434$32,790$31,229$29,749$28,343$26,687
6 years$28,407$26,775$25,238$23,790$22,427$20,835
7 years$24,104$22,486$20,973$19,559$18,239$16,713
8 years$20,878$19,275$17,787$16,408$15,131$13,670
9 years$18,370$16,782$15,320$13,976$12,743$11,346
10 years$16,365$14,793$13,356$12,047$10,857$9,524
11 years$14,726$13,169$11,758$10,485$9,338$8,067
12 years$13,361$11,820$10,435$9,196$8,092$6,883
13 years$12,207$10,682$9,323$8,119$7,056$5,907
14 years$11,218$9,709$8,377$7,207$6,185$5,094
15 years$10,362$8,870$7,563$6,428$5,446$4,412
16 years$9,614$8,138$6,857$5,755$4,813$3,834
17 years$8,954$7,494$6,240$5,171$4,268$3,341
18 years$8,369$6,925$5,696$4,660$3,795$2,919
19 years$7,846$6,418$5,215$4,211$3,382$2,556
20 years$7,375$5,964$4,786$3,814$3,021$2,242
21 years$6,950$5,555$4,402$3,461$2,704$1,970
22 years$6,564$5,186$4,057$3,147$2,423$1,734
23 years$6,212$4,850$3,746$2,866$2,175$1,527
24 years$5,890$4,544$3,464$2,614$1,955$1,347
25 years$5,595$4,265$3,209$2,387$1,759$1,189
26 years$5,322$4,008$2,976$2,183$1,585$1,050
27 years$5,070$3,772$2,763$1,998$1,429$929
28 years$4,836$3,554$2,569$1,831$1,289$821
29 years$4,619$3,353$2,391$1,679$1,164$727
30 years$4,417$3,167$2,227$1,541$1,052$644
31 years$4,228$2,994$2,076$1,415$951$570
32 years$4,052$2,832$1,937$1,300$860$506
33 years$3,886$2,682$1,808$1,196$779$448
34 years$3,731$2,542$1,690$1,100$705$397
35 years$3,584$2,411$1,580$1,013$638$353
36 years$3,446$2,289$1,478$933$578$313
37 years$3,316$2,174$1,383$859$524$278
38 years$3,193$2,066$1,295$792$475$246
39 years$3,077$1,964$1,214$730$431$219
40 years$2,967$1,869$1,138$674$391$194
41 years$2,862$1,779$1,067$622$355$172
42 years$2,763$1,694$1,001$574$322$153
43 years$2,668$1,614$939$530$292$136
44 years$2,578$1,539$881$489$265$121
45 years$2,493$1,467$827$452$241$107
46 years$2,411$1,400$777$417$219$95
47 years$2,333$1,336$730$385$198$85
48 years$2,258$1,275$686$356$180$75
49 years$2,187$1,218$645$329$164$67
50 years$2,119$1,163$606$304$149$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,170,000, adding $2,009 every year, while hoping to spend $55,241 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: 39/34/27 Blend
50$2,170,000$2,170,000$2,170,000$2,170,000
51$2,393,412$2,278,402$2,244,767$2,467,511
52$2,578,764$2,331,268$2,261,191$2,574,594
53$2,781,171$2,384,873$2,276,313$2,685,044
54$3,002,313$2,439,194$2,290,033$2,803,415
55$3,244,042$2,494,208$2,302,242$2,930,462
56$3,508,395$2,549,885$2,312,828$3,067,020
57$3,797,616$2,606,194$2,321,672$3,214,010
58$4,114,176$2,663,100$2,328,651$3,372,447
59$4,460,795$2,720,565$2,333,634$3,543,448
60$4,840,468$2,778,545$2,336,483$3,728,249
61$5,256,496$2,836,994$2,337,055$3,928,211
62$5,712,510$2,895,858$2,335,198$4,144,833
63$6,212,514$2,955,083$2,330,755$4,379,773
64$6,760,913$3,014,605$2,323,558$4,634,856
65$7,362,564$3,074,358$2,313,435$4,912,096
66$8,022,811$3,134,267$2,300,201$5,213,713
67$8,747,546$3,194,255$2,283,666$5,542,158
68$9,543,256$3,254,233$2,263,628$5,900,131
69$10,417,087$3,314,109$2,239,879$6,290,614
70$11,376,912$3,373,783$2,212,197$6,716,891
71$12,431,403$3,433,145$2,180,352$7,182,588
72$13,590,115$3,492,078$2,144,103$7,691,702
73$14,863,573$3,550,456$2,103,196$8,248,641
74$16,263,373$3,608,143$2,057,369$8,858,266
75$17,802,289$3,664,994$2,006,343$9,525,939
76$19,494,396$3,720,853$1,949,829$10,257,573
77$21,355,201$3,775,551$1,887,525$11,059,688
78$23,401,788$3,828,910$1,819,113$11,939,474
79$25,652,980$3,880,736$1,744,263$12,904,861
80$28,129,516$3,930,824$1,662,628$13,964,591
81$30,854,247$3,978,954$1,573,846$15,128,307
82$33,852,349$4,024,892$1,477,538$16,406,639
83$37,151,563$4,068,386$1,373,310$17,811,311
84$40,782,454$4,109,169$1,260,748$19,355,249
85$44,778,702$4,146,955$1,139,421$21,052,704
86$49,177,414$4,181,441$1,008,876$22,919,392
87$54,019,481$4,212,302$868,644$24,972,639
88$59,349,956$4,239,193$718,232$27,231,549
89$65,218,486$4,261,748$557,126$29,717,185
90$71,679,772$4,279,574$384,791$32,452,767
91$78,794,094$4,292,258$200,666$35,463,899
92$86,627,870$4,299,357$4,167$38,778,806
93$95,254,290$4,300,403$0$42,428,605
94$104,754,001$4,294,897$0$46,506,816
95$115,215,873$4,282,310$0$50,997,175
96$126,737,829$4,262,080$0$55,940,366
97$139,427,778$4,233,613$0$61,382,551
98$153,404,626$4,196,275$0$67,374,607
99$168,799,402$4,149,397$0$73,972,608
100$185,756,492$4,092,268$0$81,238,352