Can I retire at age 51 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$191,583$189,877$188,212$186,587$185,000$179,654
2 years$94,843$93,077$91,365$89,705$88,095$82,752
3 years$62,601$60,827$59,119$57,475$55,891$50,718
4 years$46,483$44,714$43,024$41,408$39,862$34,898
5 years$36,814$35,056$33,388$31,805$30,303$25,562
6 years$30,371$28,626$26,983$25,435$23,977$19,464
7 years$25,770$24,040$22,423$20,911$19,500$15,214
8 years$22,321$20,607$19,016$17,542$16,177$12,116
9 years$19,640$17,942$16,379$14,942$13,624$9,783
10 years$17,497$15,815$14,279$12,880$11,608$7,983
11 years$15,744$14,079$12,571$11,209$9,983$6,568
12 years$14,284$12,637$11,157$9,832$8,651$5,439
13 years$13,050$11,420$9,968$8,680$7,544$4,528
14 years$11,994$10,380$8,956$7,705$6,613$3,785
15 years$11,078$9,483$8,086$6,872$5,823$3,175
16 years$10,278$8,700$7,331$6,153$5,146$2,671
17 years$9,573$8,013$6,671$5,528$4,563$2,253
18 years$8,947$7,404$6,090$4,982$4,057$1,903
19 years$8,388$6,862$5,575$4,502$3,616$1,611
20 years$7,885$6,376$5,116$4,077$3,230$1,365
21 years$7,431$5,939$4,706$3,700$2,891$1,158
22 years$7,018$5,544$4,337$3,365$2,591$984
23 years$6,642$5,185$4,005$3,064$2,326$836
24 years$6,298$4,858$3,704$2,795$2,090$711
25 years$5,981$4,559$3,430$2,552$1,881$605
26 years$5,690$4,285$3,182$2,334$1,694$515
27 years$5,420$4,033$2,954$2,136$1,528$439
28 years$5,171$3,800$2,746$1,957$1,378$374
29 years$4,939$3,585$2,556$1,795$1,245$319
30 years$4,723$3,386$2,381$1,647$1,125$272
31 years$4,521$3,200$2,219$1,513$1,017$232
32 years$4,332$3,028$2,071$1,390$920$198
33 years$4,155$2,868$1,933$1,278$832$169
34 years$3,989$2,718$1,807$1,176$754$144
35 years$3,832$2,578$1,689$1,083$683$123
36 years$3,685$2,447$1,580$997$618$105
37 years$3,546$2,324$1,479$919$561$90
38 years$3,414$2,209$1,385$847$508$76
39 years$3,290$2,100$1,297$781$461$65
40 years$3,172$1,998$1,216$720$418$56
41 years$3,060$1,902$1,140$665$379$48
42 years$2,954$1,811$1,070$613$344$41
43 years$2,853$1,726$1,004$566$312$35
44 years$2,756$1,645$942$523$283$30
45 years$2,665$1,569$885$483$257$25
46 years$2,577$1,497$831$446$234$22
47 years$2,494$1,428$781$412$212$18
48 years$2,414$1,363$734$381$193$16
49 years$2,338$1,302$690$352$175$13
50 years$2,265$1,244$648$325$159$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,320,000, adding $4,304 every year, while hoping to spend $47,007 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: 65/10/25 Blend
50$2,320,000$2,320,000$2,320,000$2,320,000
51$2,561,080$2,438,120$2,402,160$2,710,565
52$2,772,295$2,507,572$2,432,617$2,881,346
53$3,003,478$2,578,853$2,462,519$3,062,272
54$3,256,617$2,652,001$2,491,798$3,258,963
55$3,533,900$2,727,057$2,520,381$3,472,972
56$3,837,737$2,804,062$2,548,193$3,706,012
57$4,170,782$2,883,056$2,575,152$3,959,966
58$4,535,957$2,964,082$2,601,176$4,236,911
59$4,936,482$3,047,180$2,626,173$4,539,134
60$5,375,904$3,132,392$2,650,050$4,869,155
61$5,858,128$3,219,760$2,672,708$5,229,752
62$6,387,455$3,309,327$2,694,043$5,623,983
63$6,968,626$3,401,134$2,713,943$6,055,219
64$7,606,860$3,495,224$2,732,295$6,527,174
65$8,307,908$3,591,639$2,748,975$7,043,940
66$9,078,105$3,690,420$2,763,856$7,610,027
67$9,924,431$3,791,609$2,776,804$8,230,404
68$10,854,572$3,895,247$2,787,677$8,910,545
69$11,877,001$4,001,376$2,796,326$9,656,484
70$13,001,048$4,110,037$2,802,596$10,474,869
71$14,236,994$4,221,268$2,806,322$11,373,028
72$15,596,167$4,335,109$2,807,333$12,359,033
73$17,091,046$4,451,600$2,805,449$13,441,780
74$18,735,381$4,570,776$2,800,479$14,631,075
75$20,544,320$4,692,675$2,792,227$15,937,722
76$22,534,557$4,817,332$2,780,482$17,373,626
77$24,724,481$4,944,781$2,765,028$18,951,910
78$27,134,357$5,075,054$2,745,635$20,687,031
79$29,786,511$5,208,182$2,722,063$22,594,924
80$32,705,546$5,344,193$2,694,063$24,693,151
81$35,918,567$5,483,114$2,661,369$27,001,063
82$39,455,444$5,624,969$2,623,708$29,539,986
83$43,349,087$5,769,781$2,580,790$32,333,422
84$47,635,761$5,917,568$2,532,314$35,407,273
85$52,355,426$6,068,346$2,477,964$38,790,081
86$57,552,113$6,222,127$2,417,409$42,513,302
87$63,274,339$6,378,922$2,350,303$46,611,601
88$69,575,567$6,538,735$2,276,283$51,123,182
89$76,514,709$6,701,567$2,194,973$56,090,145
90$84,156,680$6,867,415$2,105,975$61,558,886
91$92,573,012$7,036,269$2,008,876$67,580,537
92$101,842,529$7,208,116$1,903,244$74,211,447
93$112,052,090$7,382,936$1,788,625$81,513,712
94$123,297,407$7,560,704$1,664,548$89,555,770
95$135,683,951$7,741,387$1,530,518$98,413,036
96$149,327,943$7,924,944$1,386,020$108,168,624
97$164,357,456$8,111,329$1,230,514$118,914,127
98$180,913,618$8,300,486$1,063,438$130,750,487
99$199,151,947$8,492,350$884,204$143,788,941
100$219,243,818$8,686,847$692,197$158,152,080