Can I retire at age 51 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$182,500$180,874$179,288$177,740$176,229$174,825
2 years$90,346$88,664$87,033$85,452$83,918$82,504
3 years$59,633$57,943$56,316$54,750$53,241$51,859
4 years$44,279$42,594$40,984$39,444$37,972$36,633
5 years$35,069$33,394$31,805$30,297$28,866$27,574
6 years$28,931$27,269$25,703$24,229$22,841$21,597
7 years$24,548$22,900$21,359$19,920$18,575$17,382
8 years$21,263$19,630$18,115$16,710$15,410$14,266
9 years$18,709$17,091$15,602$14,233$12,978$11,882
10 years$16,667$15,065$13,602$12,269$11,058$10,011
11 years$14,997$13,412$11,975$10,678$9,510$8,510
12 years$13,607$12,038$10,628$9,366$8,241$7,288
13 years$12,432$10,878$9,495$8,269$7,186$6,279
14 years$11,425$9,888$8,531$7,340$6,300$5,437
15 years$10,553$9,033$7,703$6,546$5,547$4,727
16 years$9,791$8,288$6,984$5,861$4,902$4,125
17 years$9,119$7,633$6,355$5,266$4,347$3,610
18 years$8,523$7,053$5,801$4,746$3,865$3,168
19 years$7,990$6,537$5,311$4,288$3,445$2,786
20 years$7,511$6,074$4,874$3,884$3,077$2,455
21 years$7,078$5,658$4,483$3,525$2,753$2,166
22 years$6,685$5,281$4,132$3,205$2,468$1,915
23 years$6,327$4,940$3,815$2,919$2,216$1,695
24 years$5,999$4,628$3,528$2,662$1,991$1,501
25 years$5,698$4,343$3,268$2,431$1,792$1,331
26 years$5,420$4,082$3,031$2,223$1,614$1,182
27 years$5,163$3,842$2,814$2,035$1,455$1,050
28 years$4,926$3,620$2,616$1,864$1,313$933
29 years$4,705$3,415$2,435$1,710$1,186$830
30 years$4,499$3,225$2,268$1,569$1,071$739
31 years$4,306$3,049$2,114$1,441$969$658
32 years$4,126$2,885$1,973$1,324$876$586
33 years$3,958$2,732$1,842$1,218$793$522
34 years$3,799$2,589$1,721$1,120$718$465
35 years$3,650$2,456$1,609$1,031$650$415
36 years$3,510$2,331$1,505$950$589$370
37 years$3,377$2,214$1,409$875$534$330
38 years$3,252$2,104$1,319$807$484$294
39 years$3,134$2,001$1,236$744$439$263
40 years$3,021$1,903$1,158$686$398$234
41 years$2,915$1,812$1,086$633$361$209
42 years$2,814$1,726$1,019$584$328$187
43 years$2,717$1,644$956$539$297$167
44 years$2,626$1,567$898$498$270$149
45 years$2,539$1,494$843$460$245$133
46 years$2,455$1,426$792$425$223$119
47 years$2,376$1,361$744$392$202$106
48 years$2,300$1,299$699$363$184$95
49 years$2,227$1,240$657$335$167$85
50 years$2,158$1,185$618$310$151$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,210,000, adding $3,628 every year, while hoping to spend $40,288 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: 77/17/6 Blend
50$2,210,000$2,210,000$2,210,000$2,210,000
51$2,439,162$2,322,032$2,287,777$2,625,347
52$2,645,091$2,392,946$2,321,552$2,818,969
53$2,870,674$2,465,984$2,355,107$3,025,610
54$3,117,873$2,541,208$2,388,394$3,250,972
55$3,388,850$2,618,681$2,421,359$3,496,894
56$3,685,985$2,698,468$2,453,947$3,765,406
57$4,011,899$2,780,637$2,486,098$4,058,740
58$4,369,479$2,865,255$2,517,749$4,379,354
59$4,761,907$2,952,393$2,548,834$4,729,955
60$5,192,684$3,042,122$2,579,282$5,113,526
61$5,665,670$3,134,519$2,609,020$5,533,348
62$6,185,115$3,229,657$2,637,970$5,993,038
63$6,755,702$3,327,616$2,666,047$6,496,578
64$7,382,591$3,428,476$2,693,166$7,048,354
65$8,071,462$3,532,318$2,719,235$7,653,199
66$8,828,578$3,639,229$2,744,156$8,316,432
67$9,660,835$3,749,293$2,767,827$9,043,916
68$10,575,832$3,862,600$2,790,141$9,842,109
69$11,581,941$3,979,242$2,810,985$10,718,123
70$12,688,386$4,099,311$2,830,240$11,679,795
71$13,905,328$4,222,904$2,847,780$12,735,756
72$15,243,964$4,350,119$2,863,473$13,895,518
73$16,716,630$4,481,057$2,877,181$15,169,558
74$18,336,918$4,615,820$2,888,758$16,569,417
75$20,119,804$4,754,516$2,898,052$18,107,815
76$22,081,789$4,897,252$2,904,902$19,798,761
77$24,241,054$5,044,140$2,909,138$21,657,694
78$26,617,632$5,195,293$2,910,585$23,701,621
79$29,233,597$5,350,829$2,909,056$25,949,282
80$32,113,270$5,510,866$2,904,356$28,421,326
81$35,283,453$5,675,527$2,896,281$31,140,501
82$38,773,674$5,844,938$2,884,616$34,131,877
83$42,616,475$6,019,226$2,869,136$37,423,072
84$46,847,710$6,198,522$2,849,606$41,044,521
85$51,506,888$6,382,961$2,825,780$45,029,757
86$56,637,544$6,572,680$2,797,397$49,415,730
87$62,287,651$6,767,819$2,764,188$54,243,157
88$68,510,072$6,968,522$2,725,868$59,556,900
89$75,363,055$7,174,935$2,682,140$65,406,395
90$82,910,788$7,387,209$2,632,694$71,846,115
91$91,224,003$7,605,496$2,577,203$78,936,087
92$100,380,639$7,829,954$2,515,328$86,742,452
93$110,466,583$8,060,741$2,446,710$95,338,095
94$121,576,479$8,298,021$2,370,979$104,803,332
95$133,814,615$8,541,960$2,287,743$115,226,662
96$147,295,918$8,792,728$2,196,594$126,705,610
97$162,147,029$9,050,499$2,097,107$139,347,640
98$178,507,501$9,315,448$1,988,835$153,271,174
99$196,531,118$9,587,757$1,871,313$168,606,706
100$216,387,343$9,867,607$1,744,053$185,498,037