Can I retire at age 51 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$192,409$190,695$189,023$187,391$185,797$182,795
2 years$95,252$93,478$91,759$90,092$88,475$85,458
3 years$62,871$61,089$59,374$57,723$56,132$53,195
4 years$46,683$44,907$43,209$41,586$40,034$37,199
5 years$36,973$35,208$33,532$31,942$30,433$27,709
6 years$30,502$28,750$27,099$25,544$24,081$21,470
7 years$25,881$24,144$22,519$21,001$19,584$17,088
8 years$22,418$20,696$19,098$17,618$16,247$13,864
9 years$19,725$18,019$16,449$15,006$13,682$11,413
10 years$17,572$15,883$14,341$12,936$11,658$9,499
11 years$15,812$14,140$12,625$11,258$10,026$7,976
12 years$14,346$12,691$11,205$9,875$8,689$6,744
13 years$13,107$11,469$10,011$8,718$7,577$5,735
14 years$12,045$10,425$8,995$7,739$6,642$4,900
15 years$11,126$9,524$8,121$6,902$5,848$4,204
16 years$10,323$8,738$7,363$6,180$5,168$3,617
17 years$9,615$8,047$6,700$5,552$4,583$3,122
18 years$8,986$7,436$6,116$5,004$4,075$2,700
19 years$8,424$6,891$5,599$4,521$3,632$2,340
20 years$7,919$6,404$5,139$4,095$3,244$2,032
21 years$7,463$5,965$4,726$3,716$2,903$1,767
22 years$7,048$5,568$4,356$3,379$2,602$1,538
23 years$6,670$5,208$4,022$3,077$2,336$1,340
24 years$6,325$4,879$3,720$2,807$2,099$1,169
25 years$6,007$4,579$3,445$2,563$1,889$1,021
26 years$5,714$4,303$3,195$2,344$1,702$892
27 years$5,444$4,050$2,967$2,145$1,534$780
28 years$5,193$3,816$2,758$1,966$1,384$682
29 years$4,960$3,600$2,567$1,802$1,250$597
30 years$4,743$3,400$2,391$1,654$1,130$523
31 years$4,540$3,214$2,229$1,519$1,021$458
32 years$4,350$3,041$2,080$1,396$924$401
33 years$4,173$2,880$1,942$1,284$836$351
34 years$4,006$2,730$1,814$1,181$757$308
35 years$3,849$2,589$1,696$1,087$686$270
36 years$3,701$2,457$1,587$1,002$621$237
37 years$3,561$2,334$1,485$923$563$208
38 years$3,429$2,218$1,391$851$510$182
39 years$3,304$2,109$1,303$784$463$160
40 years$3,185$2,007$1,221$723$420$140
41 years$3,073$1,910$1,145$667$381$123
42 years$2,966$1,819$1,074$616$346$108
43 years$2,865$1,733$1,008$569$314$95
44 years$2,768$1,652$946$525$285$83
45 years$2,676$1,576$889$485$258$73
46 years$2,589$1,503$835$448$235$64
47 years$2,505$1,434$784$414$213$56
48 years$2,425$1,369$737$382$194$49
49 years$2,348$1,308$692$353$176$43
50 years$2,275$1,249$651$327$160$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,330,000, adding $4,194 every year, while hoping to spend $49,451 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: 48/29/23 Blend
50$2,330,000$2,330,000$2,330,000$2,330,000
51$2,571,986$2,448,496$2,412,381$2,678,463
52$2,781,713$2,515,857$2,440,580$2,820,631
53$3,011,175$2,584,861$2,468,067$2,969,650
54$3,262,332$2,655,537$2,494,765$3,130,470
55$3,537,344$2,727,912$2,520,593$3,304,222
56$3,838,589$2,802,015$2,545,468$3,492,153
57$4,168,684$2,877,873$2,569,300$3,695,635
58$4,530,513$2,955,512$2,591,995$3,916,178
59$4,927,252$3,034,959$2,613,454$4,155,448
60$5,362,400$3,116,240$2,633,573$4,415,279
61$5,839,808$3,199,379$2,652,241$4,697,689
62$6,363,721$3,284,401$2,669,344$5,004,903
63$6,938,813$3,371,329$2,684,759$5,339,373
64$7,570,233$3,460,186$2,698,360$5,703,798
65$8,263,654$3,550,992$2,710,012$6,101,154
66$9,025,323$3,643,767$2,719,574$6,534,718
67$9,862,124$3,738,529$2,726,897$7,008,102
68$10,781,639$3,835,295$2,731,827$7,525,285
69$11,792,222$3,934,081$2,734,199$8,090,652
70$12,903,077$4,034,900$2,733,843$8,709,034
71$14,124,343$4,137,762$2,730,579$9,385,756
72$15,467,190$4,242,676$2,724,218$10,126,684
73$16,943,926$4,349,649$2,714,561$10,938,283
74$18,568,110$4,458,686$2,701,402$11,827,679
75$20,354,681$4,569,785$2,684,524$12,802,722
76$22,320,101$4,682,947$2,663,697$13,872,064
77$24,482,504$4,798,164$2,638,684$15,045,241
78$26,861,874$4,915,429$2,609,234$16,332,760
79$29,480,227$5,034,727$2,575,086$17,746,202
80$32,361,824$5,156,042$2,535,964$19,298,328
81$35,533,393$5,279,351$2,491,583$21,003,203
82$39,024,389$5,404,629$2,441,640$22,876,328
83$42,867,263$5,531,843$2,385,822$24,934,784
84$47,097,776$5,660,955$2,323,799$27,197,398
85$51,755,330$5,791,923$2,255,227$29,684,916
86$56,883,342$5,924,695$2,179,746$32,420,205
87$62,529,654$6,059,216$2,096,978$35,428,464
88$68,746,982$6,195,422$2,006,531$38,737,465
89$75,593,416$6,333,239$1,907,991$42,377,815
90$83,132,965$6,472,588$1,800,929$46,383,247
91$91,436,162$6,613,380$1,684,895$50,790,936
92$100,580,730$6,755,514$1,559,418$55,641,853
93$110,652,313$6,898,883$1,424,007$60,981,150
94$121,745,286$7,043,366$1,278,149$66,858,590
95$133,963,645$7,188,831$1,121,307$73,329,015
96$147,421,988$7,335,134$952,922$80,452,867
97$162,246,594$7,482,119$772,408$88,296,756
98$178,576,619$7,629,615$579,155$96,934,092
99$196,565,403$7,777,436$372,526$106,445,781
100$216,381,924$7,925,379$151,855$116,920,983