Can I retire at age 51 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$184,977$183,329$181,722$180,153$178,621$172,627
2 years$91,573$89,867$88,215$86,612$85,057$79,078
3 years$60,442$58,729$57,081$55,493$53,964$48,186
4 years$44,880$43,172$41,540$39,980$38,488$32,956
5 years$35,545$33,848$32,237$30,708$29,258$23,987
6 years$29,324$27,639$26,052$24,558$23,151$18,145
7 years$24,882$23,211$21,649$20,190$18,828$14,087
8 years$21,552$19,896$18,360$16,937$15,619$11,139
9 years$18,963$17,323$15,814$14,427$13,154$8,929
10 years$16,893$15,270$13,787$12,436$11,208$7,232
11 years$15,201$13,594$12,138$10,823$9,639$5,904
12 years$13,792$12,201$10,772$9,493$8,353$4,850
13 years$12,600$11,026$9,624$8,381$7,284$4,005
14 years$11,580$10,022$8,647$7,440$6,385$3,320
15 years$10,696$9,156$7,807$6,635$5,622$2,762
16 years$9,924$8,400$7,078$5,941$4,969$2,303
17 years$9,243$7,736$6,441$5,338$4,406$1,925
18 years$8,639$7,149$5,880$4,810$3,917$1,612
19 years$8,099$6,625$5,383$4,347$3,491$1,352
20 years$7,613$6,157$4,940$3,937$3,119$1,136
21 years$7,174$5,735$4,544$3,573$2,791$955
22 years$6,776$5,353$4,188$3,249$2,502$803
23 years$6,413$5,007$3,867$2,959$2,246$676
24 years$6,080$4,691$3,576$2,698$2,018$570
25 years$5,775$4,402$3,312$2,464$1,816$480
26 years$5,494$4,137$3,072$2,253$1,636$405
27 years$5,234$3,894$2,853$2,062$1,475$342
28 years$4,992$3,669$2,652$1,890$1,331$288
29 years$4,768$3,461$2,468$1,733$1,202$243
30 years$4,560$3,269$2,299$1,590$1,086$206
31 years$4,365$3,090$2,143$1,461$982$174
32 years$4,182$2,924$1,999$1,342$888$147
33 years$4,012$2,769$1,867$1,234$804$124
34 years$3,851$2,624$1,744$1,136$728$105
35 years$3,700$2,489$1,631$1,045$659$88
36 years$3,558$2,363$1,526$963$597$75
37 years$3,423$2,244$1,428$887$541$63
38 years$3,296$2,132$1,337$818$491$53
39 years$3,176$2,028$1,253$754$445$45
40 years$3,062$1,929$1,174$695$404$38
41 years$2,954$1,836$1,101$642$366$32
42 years$2,852$1,749$1,033$592$332$27
43 years$2,754$1,666$969$547$302$23
44 years$2,661$1,588$910$505$274$19
45 years$2,573$1,515$854$466$248$16
46 years$2,489$1,445$802$431$226$14
47 years$2,408$1,379$754$398$205$12
48 years$2,331$1,316$708$368$186$10
49 years$2,257$1,257$666$340$169$8
50 years$2,187$1,201$626$314$153$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,240,000, adding $4,352 every year, while hoping to spend $43,834 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: 78/16/6 Blend
50$2,240,000$2,240,000$2,240,000$2,240,000
51$2,472,969$2,354,249$2,319,529$2,664,235
52$2,678,573$2,422,968$2,350,594$2,858,995
53$2,903,679$2,493,586$2,381,231$3,066,371
54$3,150,231$2,566,148$2,411,379$3,292,481
55$3,420,368$2,640,702$2,440,973$3,539,168
56$3,716,446$2,717,297$2,469,947$3,808,462
57$4,041,061$2,795,983$2,498,228$4,102,597
58$4,397,072$2,876,808$2,525,740$4,424,035
59$4,787,626$2,959,824$2,552,405$4,775,484
60$5,216,191$3,045,083$2,578,138$5,159,930
61$5,686,587$3,132,636$2,602,850$5,580,659
62$6,203,021$3,222,538$2,626,448$6,041,291
63$6,770,128$3,314,841$2,648,833$6,545,813
64$7,393,013$3,409,601$2,669,901$7,098,616
65$8,077,301$3,506,872$2,689,544$7,704,538
66$8,829,188$3,606,711$2,707,646$8,368,906
67$9,655,500$3,709,174$2,724,086$9,097,590
68$10,563,756$3,814,319$2,738,738$9,897,056
69$11,562,241$3,922,202$2,751,468$10,774,426
70$12,660,082$4,032,883$2,762,135$11,737,547
71$13,867,336$4,146,420$2,770,591$12,795,064
72$15,195,081$4,262,871$2,776,683$13,956,500
73$16,655,525$4,382,297$2,780,247$15,232,349
74$18,262,116$4,504,757$2,781,113$16,634,170
75$20,029,672$4,630,311$2,779,101$18,174,699
76$21,974,522$4,759,019$2,774,024$19,867,969
77$24,114,653$4,890,941$2,765,684$21,729,441
78$26,469,888$5,026,137$2,753,874$23,776,151
79$29,062,066$5,164,668$2,738,379$26,026,868
80$31,915,252$5,306,592$2,718,970$28,502,273
81$35,055,962$5,451,969$2,695,410$31,225,154
82$38,513,414$5,600,859$2,667,449$34,220,620
83$42,319,800$5,753,319$2,634,827$37,516,336
84$46,510,595$5,909,407$2,597,269$41,142,788
85$51,124,888$6,069,180$2,554,489$45,133,568
86$56,205,750$6,232,694$2,506,189$49,525,688
87$61,800,643$6,400,002$2,452,053$54,359,936
88$67,961,865$6,571,159$2,391,753$59,681,253
89$74,747,045$6,746,216$2,324,947$65,539,162
90$82,219,686$6,925,222$2,251,274$71,988,234
91$90,449,761$7,108,225$2,170,359$79,088,603
92$99,514,379$7,295,271$2,081,809$86,906,529
93$109,498,509$7,486,402$1,985,213$95,515,032
94$120,495,781$7,681,660$1,880,141$104,994,571
95$132,609,370$7,881,080$1,766,145$115,433,813
96$145,952,969$8,084,697$1,642,755$126,930,460
97$160,651,866$8,292,541$1,509,481$139,592,177
98$176,844,118$8,504,638$1,365,810$153,537,609
99$194,681,862$8,721,008$1,211,208$168,897,496
100$214,332,744$8,941,670$1,045,116$185,815,909