Can I retire at age 51 with 2,360,000?

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 $2,360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$194,887$193,151$191,457$189,804$188,190$186,691
2 years$96,479$94,682$92,940$91,252$89,614$88,103
3 years$63,680$61,876$60,139$58,466$56,855$55,379
4 years$47,284$45,485$43,765$42,121$40,549$39,119
5 years$37,449$35,661$33,964$32,353$30,825$29,445
6 years$30,895$29,120$27,448$25,873$24,391$23,063
7 years$26,215$24,455$22,809$21,272$19,836$18,561
8 years$22,706$20,962$19,344$17,844$16,456$15,234
9 years$19,979$18,251$16,661$15,199$13,858$12,689
10 years$17,798$16,088$14,525$13,102$11,808$10,690
11 years$16,015$14,322$12,788$11,403$10,155$9,088
12 years$14,531$12,855$11,349$10,002$8,800$7,783
13 years$13,275$11,617$10,140$8,830$7,674$6,706
14 years$12,200$10,559$9,110$7,838$6,727$5,806
15 years$11,269$9,646$8,226$6,990$5,923$5,048
16 years$10,456$8,850$7,458$6,259$5,235$4,405
17 years$9,738$8,151$6,786$5,624$4,642$3,855
18 years$9,102$7,532$6,195$5,068$4,127$3,383
19 years$8,532$6,980$5,671$4,580$3,679$2,975
20 years$8,021$6,486$5,205$4,148$3,286$2,621
21 years$7,559$6,042$4,787$3,764$2,940$2,313
22 years$7,139$5,640$4,412$3,423$2,636$2,045
23 years$6,756$5,275$4,074$3,117$2,366$1,810
24 years$6,406$4,942$3,768$2,843$2,127$1,603
25 years$6,084$4,638$3,490$2,596$1,914$1,422
26 years$5,788$4,359$3,236$2,374$1,724$1,262
27 years$5,514$4,102$3,005$2,173$1,554$1,121
28 years$5,260$3,866$2,794$1,991$1,402$997
29 years$5,024$3,647$2,600$1,826$1,266$886
30 years$4,804$3,444$2,422$1,675$1,144$789
31 years$4,599$3,256$2,258$1,539$1,034$702
32 years$4,407$3,080$2,106$1,414$936$625
33 years$4,226$2,917$1,967$1,300$847$557
34 years$4,057$2,765$1,838$1,197$767$497
35 years$3,898$2,622$1,718$1,101$694$443
36 years$3,748$2,489$1,607$1,014$629$395
37 years$3,607$2,364$1,504$935$570$352
38 years$3,473$2,247$1,409$862$517$314
39 years$3,346$2,136$1,320$794$469$280
40 years$3,226$2,033$1,237$733$425$250
41 years$3,113$1,935$1,160$676$386$223
42 years$3,005$1,843$1,088$624$350$199
43 years$2,902$1,756$1,021$576$318$178
44 years$2,804$1,674$958$532$288$159
45 years$2,711$1,596$900$491$262$142
46 years$2,622$1,522$845$454$238$127
47 years$2,537$1,453$794$419$216$113
48 years$2,456$1,387$746$387$196$101
49 years$2,378$1,324$701$358$178$90
50 years$2,304$1,265$659$331$162$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,360,000, adding $3,907 every year, while hoping to spend $39,672 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: 42/42/16 Blend
50$2,360,000$2,360,000$2,360,000$2,360,000
51$2,604,750$2,479,670$2,443,090$2,701,788
52$2,828,224$2,558,963$2,482,723$2,849,889
53$3,073,162$2,640,812$2,522,354$3,005,963
54$3,341,713$2,725,300$2,561,941$3,174,123
55$3,636,241$2,812,513$2,601,439$3,355,495
56$3,959,352$2,902,540$2,640,802$3,551,317
57$4,313,915$2,995,474$2,679,977$3,762,949
58$4,703,090$3,091,408$2,718,913$3,991,887
59$5,130,360$3,190,442$2,757,551$4,239,777
60$5,599,559$3,292,676$2,795,831$4,508,427
61$6,114,913$3,398,216$2,833,690$4,799,829
62$6,681,075$3,507,169$2,871,060$5,116,175
63$7,303,172$3,619,648$2,907,868$5,459,873
64$7,986,853$3,735,768$2,944,039$5,833,578
65$8,738,341$3,855,649$2,979,493$6,240,209
66$9,564,490$3,979,414$3,014,144$6,682,979
67$10,472,853$4,107,191$3,047,904$7,165,426
68$11,471,753$4,239,112$3,080,677$7,691,444
69$12,570,356$4,375,313$3,112,364$8,265,319
70$13,778,765$4,515,936$3,142,860$8,891,772
71$15,108,107$4,661,125$3,172,054$9,575,999
72$16,570,645$4,811,031$3,199,829$10,323,724
73$18,179,890$4,965,811$3,226,063$11,141,247
74$19,950,727$5,125,624$3,250,624$12,035,509
75$21,899,559$5,290,637$3,273,378$13,014,152
76$24,044,459$5,461,023$3,294,181$14,085,592
77$26,405,339$5,636,959$3,312,881$15,259,101
78$29,004,142$5,818,628$3,329,321$16,544,888
79$31,865,045$6,006,222$3,343,334$17,954,200
80$35,014,688$6,199,935$3,354,744$19,499,425
81$38,482,427$6,399,972$3,363,368$21,194,209
82$42,300,606$6,606,542$3,369,013$23,053,584
83$46,504,867$6,819,862$3,371,475$25,094,108
84$51,134,486$7,040,158$3,370,541$27,334,024
85$56,232,739$7,267,661$3,365,990$29,793,427
86$61,847,314$7,502,612$3,357,586$32,494,456
87$68,030,758$7,745,258$3,345,083$35,461,501
88$74,840,977$7,995,858$3,328,225$38,721,435
89$82,341,778$8,254,675$3,306,742$42,303,862
90$90,603,471$8,521,986$3,280,349$46,241,400
91$99,703,536$8,798,075$3,248,752$50,569,986
92$109,727,351$9,083,234$3,211,639$55,329,213
93$120,768,997$9,377,770$3,168,686$60,562,709
94$132,932,150$9,681,995$3,119,552$66,318,539
95$146,331,052$9,996,236$3,063,880$72,649,666
96$161,091,597$10,320,829$3,001,298$79,614,444
97$177,352,513$10,656,123$2,931,414$87,277,173
98$195,266,674$11,002,478$2,853,821$95,708,698
99$215,002,542$11,360,266$2,768,091$104,987,086
100$236,745,757$11,729,875$2,673,778$115,198,355