Can I retire at age 51 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$183,326$181,693$180,099$178,544$177,026$175,763
2 years$90,755$89,065$87,427$85,839$84,298$83,025
3 years$59,902$58,205$56,571$54,998$53,482$52,238
4 years$44,479$42,787$41,169$39,623$38,144$36,938
5 years$35,228$33,545$31,949$30,434$28,996$27,832
6 years$29,062$27,392$25,820$24,338$22,944$21,823
7 years$24,659$23,004$21,456$20,010$18,660$17,583
8 years$21,359$19,719$18,197$16,786$15,480$14,447
9 years$18,794$17,169$15,673$14,298$13,036$12,047
10 years$16,742$15,133$13,664$12,325$11,108$10,162
11 years$15,065$13,472$12,029$10,726$9,553$8,650
12 years$13,669$12,092$10,676$9,408$8,278$7,417
13 years$12,488$10,928$9,538$8,306$7,219$6,398
14 years$11,477$9,933$8,570$7,373$6,328$5,547
15 years$10,601$9,074$7,738$6,576$5,572$4,830
16 years$9,835$8,325$7,015$5,888$4,924$4,220
17 years$9,161$7,667$6,384$5,290$4,366$3,699
18 years$8,562$7,085$5,827$4,768$3,882$3,250
19 years$8,026$6,566$5,335$4,308$3,460$2,862
20 years$7,545$6,102$4,896$3,902$3,091$2,526
21 years$7,110$5,683$4,503$3,541$2,766$2,232
22 years$6,715$5,305$4,150$3,220$2,479$1,976
23 years$6,356$4,962$3,832$2,932$2,226$1,751
24 years$6,026$4,649$3,544$2,674$2,000$1,554
25 years$5,724$4,363$3,283$2,442$1,800$1,380
26 years$5,445$4,100$3,044$2,233$1,621$1,227
27 years$5,187$3,859$2,827$2,044$1,462$1,092
28 years$4,948$3,636$2,628$1,873$1,319$972
29 years$4,726$3,430$2,446$1,717$1,191$866
30 years$4,519$3,240$2,278$1,576$1,076$772
31 years$4,326$3,062$2,124$1,448$973$688
32 years$4,145$2,898$1,982$1,330$880$614
33 years$3,976$2,744$1,850$1,223$797$548
34 years$3,817$2,601$1,729$1,126$721$489
35 years$3,667$2,467$1,616$1,036$653$437
36 years$3,526$2,341$1,512$954$592$390
37 years$3,393$2,224$1,415$879$536$349
38 years$3,267$2,113$1,325$810$486$312
39 years$3,148$2,010$1,242$747$441$279
40 years$3,035$1,912$1,164$689$400$249
41 years$2,928$1,820$1,091$636$363$223
42 years$2,826$1,733$1,024$587$329$199
43 years$2,730$1,652$960$542$299$178
44 years$2,638$1,574$902$500$271$159
45 years$2,550$1,501$847$462$246$142
46 years$2,466$1,432$795$427$224$127
47 years$2,387$1,367$747$394$203$114
48 years$2,310$1,305$702$364$184$102
49 years$2,237$1,246$660$337$167$91
50 years$2,167$1,190$620$311$152$82

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,220,000, adding $6,857 every year, while hoping to spend $38,113 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: 57/14/29 Blend
50$2,220,000$2,220,000$2,220,000$2,220,000
51$2,453,513$2,335,853$2,301,443$2,573,442
52$2,663,219$2,409,758$2,337,989$2,730,532
53$2,893,038$2,486,007$2,374,483$2,897,121
54$3,144,981$2,564,674$2,410,881$3,077,938
55$3,421,263$2,645,837$2,447,139$3,274,370
56$3,724,324$2,729,575$2,483,211$3,487,948
57$4,056,851$2,815,970$2,519,044$3,720,357
58$4,421,804$2,905,107$2,554,586$3,973,453
59$4,822,444$2,997,073$2,589,780$4,249,281
60$5,262,362$3,091,958$2,624,567$4,550,090
61$5,745,514$3,189,855$2,658,881$4,878,361
62$6,276,259$3,290,861$2,692,656$5,236,826
63$6,859,398$3,395,074$2,725,821$5,628,494
64$7,500,221$3,502,596$2,758,300$6,056,680
65$8,204,554$3,613,534$2,790,014$6,525,036
66$8,978,818$3,727,996$2,820,878$7,037,585
67$9,830,085$3,846,095$2,850,805$7,598,760
68$10,766,146$3,967,947$2,879,700$8,213,446
69$11,795,588$4,093,672$2,907,465$8,887,021
70$12,927,869$4,223,392$2,933,996$9,625,416
71$14,173,410$4,357,237$2,959,183$10,435,163
72$15,543,693$4,495,337$2,982,911$11,323,458
73$17,051,371$4,637,829$3,005,059$12,298,232
74$18,710,381$4,784,853$3,025,499$13,368,224
75$20,536,083$4,936,554$3,044,096$14,543,062
76$22,545,400$5,093,082$3,060,710$15,833,356
77$24,756,978$5,254,590$3,075,191$17,250,797
78$27,191,363$5,421,238$3,087,384$18,808,267
79$29,871,195$5,593,192$3,097,124$20,519,963
80$32,821,418$5,770,620$3,104,239$22,401,526
81$36,069,520$5,953,698$3,108,548$24,470,195
82$39,645,789$6,142,606$3,109,862$26,744,964
83$43,583,598$6,337,532$3,107,981$29,246,764
84$47,919,722$6,538,669$3,102,696$31,998,662
85$52,694,685$6,746,215$3,093,788$35,026,075
86$57,953,140$6,960,376$3,081,026$38,357,013
87$63,744,290$7,181,365$3,064,170$42,022,342
88$70,122,355$7,409,399$3,042,968$46,056,077
89$77,147,082$7,644,706$3,017,154$50,495,701
90$84,884,306$7,887,519$2,986,450$55,382,519
91$93,406,577$8,138,079$2,950,568$60,762,051
92$102,793,837$8,396,634$2,909,201$66,684,457
93$113,134,181$8,663,442$2,862,032$73,205,017
94$124,524,684$8,938,767$2,808,727$80,384,646
95$137,072,320$9,222,885$2,748,937$88,290,475
96$150,894,967$9,516,076$2,682,297$96,996,480
97$166,122,524$9,818,634$2,608,424$106,584,184
98$182,898,134$10,130,861$2,526,920$117,143,426
99$201,379,537$10,453,066$2,437,364$128,773,210
100$221,740,555$10,785,571$2,339,322$141,582,637