Can I retire at age 51 with 2,310,000?

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$190,758$189,058$187,401$185,783$184,203$177,104
2 years$94,434$92,676$90,971$89,319$87,716$80,648
3 years$62,331$60,565$58,864$57,227$55,650$48,837
4 years$46,282$44,521$42,838$41,229$39,690$33,183
5 years$36,656$34,905$33,244$31,668$30,172$23,987
6 years$30,240$28,503$26,866$25,325$23,874$18,016
7 years$25,659$23,937$22,326$20,821$19,416$13,883
8 years$22,225$20,518$18,934$17,466$16,107$10,894
9 years$19,556$17,865$16,308$14,877$13,565$8,663
10 years$17,421$15,747$14,218$12,824$11,558$6,959
11 years$15,676$14,019$12,517$11,161$9,940$5,633
12 years$14,223$12,582$11,109$9,790$8,614$4,588
13 years$12,994$11,371$9,925$8,643$7,512$3,755
14 years$11,942$10,336$8,917$7,672$6,585$3,085
15 years$11,031$9,442$8,051$6,842$5,798$2,542
16 years$10,234$8,663$7,300$6,127$5,124$2,100
17 years$9,532$7,978$6,642$5,505$4,543$1,739
18 years$8,909$7,372$6,064$4,961$4,040$1,442
19 years$8,352$6,832$5,551$4,482$3,601$1,198
20 years$7,851$6,349$5,094$4,060$3,216$996
21 years$7,398$5,914$4,686$3,684$2,878$829
22 years$6,988$5,520$4,319$3,350$2,580$690
23 years$6,613$5,163$3,988$3,051$2,316$575
24 years$6,270$4,837$3,688$2,783$2,081$480
25 years$5,956$4,540$3,416$2,541$1,873$400
26 years$5,665$4,267$3,168$2,324$1,687$334
27 years$5,397$4,015$2,942$2,127$1,521$279
28 years$5,148$3,784$2,735$1,949$1,372$233
29 years$4,917$3,569$2,545$1,787$1,239$194
30 years$4,702$3,371$2,370$1,640$1,120$162
31 years$4,501$3,187$2,210$1,506$1,012$136
32 years$4,313$3,015$2,062$1,384$916$113
33 years$4,137$2,855$1,925$1,273$829$95
34 years$3,971$2,706$1,799$1,171$750$79
35 years$3,816$2,567$1,682$1,078$680$66
36 years$3,669$2,436$1,573$993$616$55
37 years$3,530$2,314$1,472$915$558$46
38 years$3,399$2,199$1,379$843$506$39
39 years$3,276$2,091$1,292$778$459$32
40 years$3,158$1,990$1,211$717$416$27
41 years$3,047$1,894$1,135$662$378$23
42 years$2,941$1,804$1,065$611$343$19
43 years$2,840$1,719$999$564$311$16
44 years$2,745$1,638$938$520$282$13
45 years$2,653$1,562$881$481$256$11
46 years$2,566$1,490$827$444$233$9
47 years$2,483$1,422$777$410$211$8
48 years$2,404$1,358$730$379$192$6
49 years$2,328$1,296$687$350$174$5
50 years$2,255$1,238$645$324$158$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,310,000, adding $4,574 every year, while hoping to spend $53,722 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: 32/48/20 Blend
50$2,310,000$2,310,000$2,310,000$2,310,000
51$2,550,338$2,427,908$2,392,103$2,616,003
52$2,753,313$2,489,716$2,415,079$2,727,340
53$2,975,190$2,552,752$2,437,024$2,841,972
54$3,217,842$2,617,019$2,457,846$2,964,321
55$3,483,329$2,682,519$2,477,451$3,095,096
56$3,773,919$2,749,253$2,495,736$3,235,075
57$4,092,111$2,817,219$2,512,595$3,385,117
58$4,440,656$2,886,412$2,527,917$3,546,168
59$4,822,584$2,956,828$2,541,583$3,719,267
60$5,241,231$3,028,456$2,553,470$3,905,563
61$5,700,273$3,101,286$2,563,447$4,106,318
62$6,203,756$3,175,305$2,571,379$4,322,926
63$6,756,140$3,250,496$2,577,121$4,556,920
64$7,362,335$3,326,839$2,580,522$4,809,991
65$8,027,749$3,404,309$2,581,426$5,084,001
66$8,758,340$3,482,882$2,579,665$5,381,005
67$9,560,672$3,562,525$2,575,065$5,703,265
68$10,441,976$3,643,203$2,567,444$6,053,276
69$11,410,214$3,724,877$2,556,611$6,433,787
70$12,474,163$3,807,502$2,542,364$6,847,828
71$13,643,487$3,891,030$2,524,493$7,298,740
72$14,928,837$3,975,405$2,502,778$7,790,206
73$16,341,945$4,060,566$2,476,987$8,326,284
74$17,895,736$4,146,446$2,446,879$8,911,449
75$19,604,451$4,232,972$2,412,199$9,550,634
76$21,483,781$4,320,064$2,372,684$10,249,277
77$23,551,013$4,407,633$2,328,055$11,013,371
78$25,825,192$4,495,583$2,278,021$11,849,526
79$28,327,305$4,583,810$2,222,278$12,765,027
80$31,080,474$4,672,201$2,160,508$13,767,904
81$34,110,175$4,760,631$2,092,378$14,867,012
82$37,444,480$4,848,969$2,017,539$16,072,110
83$41,114,319$4,937,070$1,935,629$17,393,959
84$45,153,772$5,024,779$1,846,264$18,844,419
85$49,600,391$5,111,928$1,749,049$20,436,567
86$54,495,555$5,198,336$1,643,566$22,184,818
87$59,884,857$5,283,811$1,529,382$24,105,062
88$65,818,538$5,368,142$1,406,041$26,214,818
89$72,351,954$5,451,107$1,273,068$28,533,397
90$79,546,106$5,532,464$1,129,969$31,082,086
91$87,468,211$5,611,957$976,225$33,884,352
92$96,192,336$5,689,309$811,296$36,966,064
93$105,800,095$5,764,227$634,616$40,355,739
94$116,381,425$5,836,394$445,595$44,084,809
95$128,035,426$5,905,473$243,618$48,187,927
96$140,871,303$5,971,105$28,043$52,703,288
97$155,009,392$6,032,905$0$57,672,995
98$170,582,296$6,090,463$0$63,186,569
99$187,736,137$6,143,343$0$69,261,247
100$206,631,936$6,191,080$0$75,947,585