Can I retire at age 51 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$180,022$178,419$176,854$175,327$173,836$169,222
2 years$89,120$87,460$85,852$84,292$82,779$78,163
3 years$58,823$57,156$55,552$54,007$52,519$48,044
4 years$43,678$42,016$40,427$38,909$37,457$33,159
5 years$34,593$32,941$31,373$29,886$28,474$24,364
6 years$28,538$26,899$25,354$23,900$22,530$18,613
7 years$24,215$22,590$21,070$19,649$18,323$14,599
8 years$20,974$19,363$17,869$16,483$15,201$11,667
9 years$18,455$16,859$15,390$14,040$12,801$9,455
10 years$16,441$14,861$13,418$12,103$10,907$7,745
11 years$14,794$13,230$11,813$10,533$9,381$6,396
12 years$13,422$11,874$10,483$9,239$8,129$5,318
13 years$12,263$10,731$9,366$8,157$7,089$4,445
14 years$11,270$9,754$8,416$7,240$6,214$3,731
15 years$10,410$8,910$7,598$6,457$5,471$3,143
16 years$9,658$8,175$6,889$5,782$4,836$2,656
17 years$8,996$7,529$6,269$5,195$4,288$2,249
18 years$8,407$6,957$5,722$4,682$3,812$1,909
19 years$7,882$6,448$5,239$4,230$3,398$1,623
20 years$7,409$5,992$4,808$3,831$3,035$1,382
21 years$6,982$5,581$4,422$3,477$2,716$1,178
22 years$6,594$5,210$4,076$3,162$2,435$1,005
23 years$6,241$4,872$3,763$2,879$2,185$858
24 years$5,918$4,565$3,480$2,626$1,964$733
25 years$5,620$4,284$3,223$2,398$1,768$627
26 years$5,347$4,026$2,990$2,193$1,592$537
27 years$5,093$3,789$2,776$2,007$1,435$459
28 years$4,859$3,571$2,581$1,839$1,295$393
29 years$4,641$3,369$2,402$1,686$1,170$337
30 years$4,438$3,181$2,237$1,548$1,057$289
31 years$4,248$3,007$2,086$1,421$955$248
32 years$4,070$2,846$1,946$1,306$864$212
33 years$3,904$2,695$1,817$1,201$782$182
34 years$3,748$2,554$1,698$1,105$708$156
35 years$3,601$2,422$1,587$1,017$641$134
36 years$3,462$2,299$1,485$937$581$115
37 years$3,332$2,184$1,390$863$527$98
38 years$3,208$2,075$1,301$796$478$85
39 years$3,091$1,973$1,219$734$433$73
40 years$2,980$1,878$1,143$677$393$62
41 years$2,875$1,787$1,072$624$356$53
42 years$2,775$1,702$1,005$576$323$46
43 years$2,681$1,622$943$532$293$39
44 years$2,590$1,546$885$491$266$34
45 years$2,504$1,474$831$454$242$29
46 years$2,422$1,406$781$419$220$25
47 years$2,344$1,342$734$387$199$21
48 years$2,269$1,281$689$358$181$18
49 years$2,197$1,223$648$331$164$16
50 years$2,128$1,169$609$306$149$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,180,000, adding $4,740 every year, while hoping to spend $22,366 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: 37/34/29 Blend
50$2,180,000$2,180,000$2,180,000$2,180,000
51$2,407,249$2,291,709$2,257,919$2,475,312
52$2,628,991$2,380,206$2,309,762$2,614,665
53$2,872,602$2,472,289$2,362,593$2,762,719
54$3,140,287$2,568,111$2,416,419$2,922,224
55$3,434,479$2,667,831$2,471,252$3,094,229
56$3,757,855$2,771,614$2,527,098$3,279,888
57$4,113,367$2,879,634$2,583,967$3,480,470
58$4,504,266$2,992,072$2,641,866$3,697,367
59$4,934,134$3,109,116$2,700,801$3,932,108
60$5,406,917$3,230,964$2,760,779$4,186,374
61$5,926,964$3,357,822$2,821,806$4,462,016
62$6,499,064$3,489,905$2,883,886$4,761,062
63$7,128,495$3,627,438$2,947,023$5,085,748
64$7,821,075$3,770,656$3,011,222$5,438,529
65$8,583,210$3,919,803$3,076,483$5,822,107
66$9,421,961$4,075,137$3,142,809$6,239,451
67$10,345,108$4,236,925$3,210,200$6,693,831
68$11,361,222$4,405,448$3,278,654$7,188,839
69$12,479,748$4,580,996$3,348,171$7,728,432
70$13,711,094$4,763,876$3,418,746$8,316,961
71$15,066,727$4,954,408$3,490,375$8,959,215
72$16,559,283$5,152,924$3,563,053$9,660,462
73$18,202,686$5,359,774$3,636,772$10,426,502
74$20,012,279$5,575,321$3,711,522$11,263,718
75$22,004,967$5,799,947$3,787,294$12,179,137
76$24,199,379$6,034,050$3,864,074$13,180,492
77$26,616,043$6,278,047$3,941,848$14,276,298
78$29,277,580$6,532,371$4,020,600$15,475,927
79$32,208,914$6,797,478$4,100,311$16,789,701
80$35,437,513$7,073,844$4,180,961$18,228,981
81$38,993,642$7,361,965$4,262,526$19,806,279
82$42,910,654$7,662,362$4,344,981$21,535,372
83$47,225,300$7,975,577$4,428,297$23,431,430
84$51,978,079$8,302,179$4,512,444$25,511,160
85$57,213,620$8,642,762$4,597,387$27,792,961
86$62,981,100$8,997,948$4,683,090$30,297,094
87$69,334,711$9,368,387$4,769,513$33,045,876
88$76,334,170$9,754,757$4,856,611$36,063,885
89$84,045,286$10,157,770$4,944,337$39,378,194
90$92,540,573$10,578,169$5,032,641$43,018,619
91$101,899,944$11,016,731$5,121,466$47,018,005
92$112,211,458$11,474,271$5,210,755$51,412,530
93$123,572,154$11,951,638$5,300,443$56,242,045
94$136,088,968$12,449,722$5,390,462$61,550,449
95$149,879,740$12,969,456$5,480,740$67,386,101
96$165,074,325$13,511,811$5,571,196$73,802,271
97$181,815,825$14,077,808$5,661,750$80,857,647
98$200,261,930$14,668,512$5,752,309$88,616,879
99$220,586,416$15,285,038$5,842,781$97,151,191
100$242,980,780$15,928,554$5,933,064$106,539,051