Can I retire at age 51 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$186,629$184,966$183,344$181,761$180,216$175,290
2 years$92,390$90,670$89,002$87,385$85,817$80,891
3 years$60,982$59,254$57,590$55,989$54,446$49,673
4 years$45,281$43,558$41,911$40,337$38,831$34,248
5 years$35,862$34,150$32,525$30,982$29,519$25,139
6 years$29,585$27,886$26,285$24,777$23,357$19,184
7 years$25,104$23,419$21,843$20,370$18,996$15,029
8 years$21,744$20,074$18,524$17,088$15,759$11,997
9 years$19,132$17,478$15,955$14,555$13,271$9,711
10 years$17,044$15,406$13,910$12,547$11,308$7,944
11 years$15,337$13,715$12,246$10,920$9,725$6,553
12 years$13,915$12,310$10,868$9,578$8,427$5,441
13 years$12,713$11,125$9,710$8,456$7,349$4,541
14 years$11,683$10,112$8,724$7,506$6,442$3,807
15 years$10,792$9,237$7,877$6,694$5,672$3,203
16 years$10,013$8,475$7,142$5,994$5,013$2,702
17 years$9,326$7,805$6,499$5,385$4,445$2,285
18 years$8,716$7,212$5,932$4,853$3,952$1,937
19 years$8,171$6,684$5,431$4,385$3,523$1,644
20 years$7,681$6,211$4,984$3,972$3,146$1,397
21 years$7,238$5,786$4,584$3,605$2,816$1,189
22 years$6,836$5,401$4,225$3,278$2,524$1,013
23 years$6,470$5,051$3,901$2,985$2,266$864
24 years$6,135$4,733$3,608$2,722$2,036$737
25 years$5,827$4,441$3,342$2,486$1,832$629
26 years$5,543$4,174$3,099$2,273$1,651$538
27 years$5,280$3,928$2,878$2,081$1,488$460
28 years$5,037$3,702$2,675$1,906$1,343$393
29 years$4,811$3,492$2,490$1,748$1,213$336
30 years$4,600$3,298$2,319$1,604$1,096$287
31 years$4,404$3,118$2,162$1,474$991$246
32 years$4,220$2,950$2,017$1,354$896$211
33 years$4,047$2,794$1,883$1,245$811$180
34 years$3,885$2,648$1,760$1,146$734$154
35 years$3,733$2,511$1,645$1,055$665$132
36 years$3,589$2,384$1,539$971$602$113
37 years$3,454$2,264$1,441$895$546$97
38 years$3,326$2,152$1,349$825$495$83
39 years$3,205$2,046$1,264$761$449$71
40 years$3,090$1,946$1,185$702$407$61
41 years$2,981$1,853$1,111$647$369$52
42 years$2,877$1,765$1,042$597$335$45
43 years$2,779$1,681$978$551$304$38
44 years$2,685$1,603$918$509$276$33
45 years$2,596$1,528$862$470$251$28
46 years$2,511$1,458$809$434$228$24
47 years$2,430$1,391$760$401$207$21
48 years$2,352$1,328$715$371$188$18
49 years$2,278$1,268$672$343$170$15
50 years$2,207$1,212$631$317$155$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,260,000, adding $4,671 every year, while hoping to spend $39,170 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: 59/21/20 Blend
50$2,260,000$2,260,000$2,260,000$2,260,000
51$2,495,338$2,375,558$2,340,528$2,629,146
52$2,708,186$2,450,284$2,377,259$2,795,177
53$2,941,432$2,527,358$2,413,908$2,971,484
54$3,197,114$2,606,855$2,450,430$3,162,890
55$3,477,479$2,688,851$2,486,779$3,370,862
56$3,785,001$2,773,423$2,522,905$3,597,015
57$4,122,404$2,860,654$2,558,755$3,843,128
58$4,492,689$2,950,625$2,594,273$4,111,160
59$4,899,161$3,043,424$2,629,400$4,403,265
60$5,345,463$3,139,139$2,664,072$4,721,819
61$5,835,604$3,237,862$2,698,223$5,069,436
62$6,374,005$3,339,686$2,731,782$5,448,995
63$6,965,533$3,444,710$2,764,676$5,863,667
64$7,615,549$3,553,033$2,796,825$6,316,945
65$8,329,963$3,664,759$2,828,146$6,812,676
66$9,115,282$3,779,995$2,858,552$7,355,097
67$9,978,677$3,898,851$2,887,950$7,948,875
68$10,928,048$4,021,441$2,916,242$8,599,151
69$11,972,099$4,147,881$2,943,326$9,311,590
70$13,120,418$4,278,292$2,969,092$10,092,431
71$14,383,572$4,412,800$2,993,428$10,948,546
72$15,773,201$4,551,531$3,016,212$11,887,508
73$17,302,130$4,694,620$3,037,319$12,917,659
74$18,984,493$4,842,202$3,056,614$14,048,191
75$20,835,859$4,994,417$3,073,959$15,289,230
76$22,873,386$5,151,413$3,089,205$16,651,932
77$25,115,977$5,313,337$3,102,199$18,148,589
78$27,584,461$5,480,346$3,112,778$19,792,745
79$30,301,790$5,652,597$3,120,770$21,599,322
80$33,293,254$5,830,256$3,125,997$23,584,763
81$36,586,719$6,013,491$3,128,271$25,767,185
82$40,212,890$6,202,478$3,127,394$28,166,548
83$44,205,602$6,397,397$3,123,159$30,804,850
84$48,602,137$6,598,432$3,115,348$33,706,325
85$53,443,577$6,805,777$3,103,734$36,897,681
86$58,775,190$7,019,629$3,088,077$40,408,345
87$64,646,860$7,240,191$3,068,128$44,270,742
88$71,113,552$7,467,673$3,043,623$48,520,603
89$78,235,838$7,702,292$3,014,288$53,197,300
90$86,080,461$7,944,272$2,979,834$58,344,221
91$94,720,969$8,193,843$2,939,960$64,009,171
92$104,238,409$8,451,242$2,894,349$70,244,835
93$114,722,088$8,716,714$2,842,672$77,109,263
94$126,270,421$8,990,513$2,784,581$84,666,427
95$138,991,854$9,272,898$2,719,714$92,986,820
96$153,005,891$9,564,139$2,647,693$102,148,122
97$168,444,222$9,864,511$2,568,121$112,235,933
98$185,451,962$10,174,301$2,480,582$123,344,584
99$204,189,024$10,493,804$2,384,643$135,578,021
100$224,831,626$10,823,322$2,279,851$149,050,793