Can I retire at age 51 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$195,712$193,969$192,268$190,608$188,987$183,084
2 years$96,887$95,083$93,334$91,639$89,994$84,099
3 years$63,950$62,138$60,393$58,714$57,096$51,395
4 years$47,484$45,678$43,951$42,300$40,721$35,257
5 years$37,608$35,812$34,108$32,490$30,956$25,743
6 years$31,025$29,243$27,564$25,983$24,494$19,538
7 years$26,326$24,558$22,906$21,362$19,920$15,220
8 years$22,802$21,051$19,426$17,920$16,526$12,078
9 years$20,064$18,329$16,732$15,264$13,917$9,717
10 years$17,874$16,156$14,587$13,158$11,858$7,899
11 years$16,083$14,383$12,842$11,451$10,198$6,474
12 years$14,592$12,909$11,397$10,044$8,838$5,340
13 years$13,332$11,666$10,183$8,867$7,707$4,427
14 years$12,252$10,604$9,149$7,872$6,756$3,686
15 years$11,317$9,687$8,260$7,020$5,948$3,079
16 years$10,500$8,888$7,489$6,286$5,257$2,579
17 years$9,780$8,185$6,815$5,648$4,661$2,165
18 years$9,140$7,564$6,221$5,090$4,145$1,821
19 years$8,569$7,010$5,695$4,599$3,694$1,534
20 years$8,055$6,514$5,227$4,165$3,300$1,295
21 years$7,591$6,067$4,808$3,780$2,953$1,093
22 years$7,169$5,664$4,431$3,437$2,647$924
23 years$6,785$5,297$4,091$3,130$2,376$782
24 years$6,433$4,963$3,784$2,855$2,136$662
25 years$6,110$4,658$3,504$2,607$1,922$561
26 years$5,813$4,377$3,250$2,384$1,731$475
27 years$5,537$4,120$3,018$2,182$1,561$403
28 years$5,282$3,882$2,806$1,999$1,408$342
29 years$5,045$3,662$2,611$1,833$1,272$290
30 years$4,824$3,458$2,432$1,683$1,149$246
31 years$4,618$3,269$2,267$1,545$1,039$209
32 years$4,425$3,094$2,115$1,420$940$177
33 years$4,244$2,930$1,975$1,306$850$150
34 years$4,074$2,777$1,845$1,202$770$128
35 years$3,915$2,634$1,725$1,106$697$108
36 years$3,764$2,500$1,614$1,019$632$92
37 years$3,622$2,374$1,511$939$573$78
38 years$3,488$2,256$1,415$865$519$66
39 years$3,361$2,145$1,325$798$471$56
40 years$3,240$2,041$1,242$736$427$48
41 years$3,126$1,943$1,165$679$387$41
42 years$3,017$1,851$1,093$626$352$35
43 years$2,914$1,763$1,025$578$319$29
44 years$2,816$1,681$963$534$290$25
45 years$2,722$1,603$904$493$263$21
46 years$2,633$1,529$849$456$239$18
47 years$2,548$1,459$797$421$217$15
48 years$2,466$1,393$749$389$197$13
49 years$2,388$1,330$704$359$179$11
50 years$2,314$1,271$662$332$162$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,370,000, adding $3,186 every year, while hoping to spend $35,689 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: 71/18/11 Blend
50$2,370,000$2,370,000$2,370,000$2,370,000
51$2,615,026$2,489,416$2,452,681$2,794,655
52$2,843,786$2,573,425$2,496,873$2,998,031
53$3,094,683$2,660,354$2,541,350$3,215,910
54$3,369,938$2,750,308$2,586,082$3,453,450
55$3,671,997$2,843,398$2,631,040$3,712,583
56$4,003,552$2,939,736$2,676,192$3,995,434
57$4,367,572$3,039,441$2,721,502$4,304,343
58$4,767,325$3,142,634$2,766,933$4,641,886
59$5,206,412$3,249,444$2,812,445$5,010,901
60$5,688,800$3,360,000$2,857,996$5,414,511
61$6,218,859$3,474,441$2,903,540$5,856,156
62$6,801,402$3,592,908$2,949,028$6,339,624
63$7,441,734$3,715,549$2,994,409$6,869,087
64$8,145,697$3,842,517$3,039,628$7,449,139
65$8,919,728$3,973,971$3,084,626$8,084,841
66$9,770,921$4,110,076$3,129,342$8,781,766
67$10,707,089$4,251,004$3,173,709$9,546,053
68$11,736,841$4,396,933$3,217,657$10,384,464
69$12,869,664$4,548,047$3,261,113$11,304,448
70$14,116,007$4,704,539$3,303,999$12,314,209
71$15,487,388$4,866,609$3,346,230$13,422,785
72$16,996,493$5,034,465$3,387,720$14,640,133
73$18,657,302$5,208,321$3,428,376$15,977,222
74$20,485,220$5,388,401$3,468,100$17,446,135
75$22,497,219$5,574,940$3,506,788$19,060,185
76$24,712,001$5,768,177$3,544,331$20,834,037
77$27,150,173$5,968,365$3,580,613$22,783,849
78$29,834,441$6,175,766$3,615,514$24,927,424
79$32,789,825$6,390,649$3,648,905$27,284,373
80$36,043,895$6,613,299$3,680,651$29,876,307
81$39,627,029$6,844,008$3,710,610$32,727,034
82$43,572,703$7,083,081$3,738,633$35,862,785
83$47,917,803$7,330,836$3,764,561$39,312,464
84$52,702,974$7,587,603$3,788,229$43,107,917
85$57,973,006$7,853,724$3,809,464$47,284,233
86$63,777,253$8,129,556$3,828,080$51,880,073
87$70,170,099$8,415,471$3,843,888$56,938,039
88$77,211,474$8,711,854$3,856,683$62,505,070
89$84,967,416$9,019,106$3,866,253$68,632,888
90$93,510,696$9,337,646$3,872,376$75,378,483
91$102,921,503$9,667,906$3,874,817$82,804,655
92$113,288,203$10,010,341$3,873,330$90,980,598
93$124,708,171$10,365,418$3,867,657$99,982,561
94$137,288,709$10,733,629$3,857,529$109,894,563
95$151,148,062$11,115,482$3,842,661$120,809,182
96$166,416,530$11,511,506$3,822,756$132,828,437
97$183,237,700$11,922,253$3,797,502$146,064,741
98$201,769,800$12,348,298$3,766,572$160,641,966
99$222,187,192$12,790,237$3,729,625$176,696,612
100$244,682,020$13,248,693$3,686,302$194,379,091