Can I retire at age 51 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$196,538$194,788$193,080$191,412$189,785$185,953
2 years$97,296$95,484$93,728$92,025$90,374$86,530
3 years$64,220$62,400$60,648$58,961$57,337$53,601
4 years$47,685$45,871$44,136$42,478$40,893$37,294
5 years$37,766$35,963$34,252$32,627$31,086$27,634
6 years$31,156$29,367$27,680$26,092$24,597$21,296
7 years$26,437$24,662$23,003$21,452$20,004$16,855
8 years$22,899$21,140$19,508$17,996$16,596$13,596
9 years$20,148$18,406$16,802$15,328$13,976$11,125
10 years$17,949$16,224$14,649$13,213$11,908$9,203
11 years$16,151$14,443$12,896$11,499$10,241$7,679
12 years$14,654$12,964$11,445$10,086$8,875$6,451
13 years$13,388$11,715$10,226$8,905$7,739$5,450
14 years$12,304$10,649$9,188$7,905$6,784$4,625
15 years$11,365$9,728$8,295$7,050$5,973$3,940
16 years$10,544$8,925$7,521$6,312$5,279$3,367
17 years$9,821$8,220$6,844$5,671$4,681$2,885
18 years$9,179$7,595$6,247$5,111$4,162$2,478
19 years$8,605$7,039$5,719$4,618$3,710$2,132
20 years$8,089$6,541$5,249$4,183$3,314$1,837
21 years$7,623$6,093$4,828$3,796$2,965$1,585
22 years$7,199$5,688$4,450$3,452$2,658$1,369
23 years$6,814$5,319$4,108$3,143$2,386$1,184
24 years$6,460$4,984$3,800$2,867$2,145$1,025
25 years$6,136$4,677$3,519$2,618$1,930$888
26 years$5,837$4,396$3,264$2,394$1,738$769
27 years$5,561$4,137$3,031$2,191$1,567$667
28 years$5,305$3,898$2,818$2,008$1,414$579
29 years$5,066$3,678$2,622$1,841$1,277$502
30 years$4,845$3,473$2,442$1,690$1,154$436
31 years$4,638$3,283$2,277$1,552$1,043$379
32 years$4,444$3,107$2,124$1,426$944$329
33 years$4,262$2,942$1,983$1,311$854$286
34 years$4,092$2,788$1,853$1,207$773$249
35 years$3,931$2,645$1,733$1,111$700$216
36 years$3,780$2,510$1,621$1,023$634$188
37 years$3,637$2,384$1,517$943$575$163
38 years$3,502$2,266$1,421$869$521$142
39 years$3,375$2,155$1,331$801$473$124
40 years$3,254$2,050$1,248$739$429$108
41 years$3,139$1,951$1,170$682$389$94
42 years$3,030$1,858$1,097$629$353$81
43 years$2,926$1,771$1,030$581$320$71
44 years$2,828$1,688$967$536$291$62
45 years$2,734$1,609$908$495$264$54
46 years$2,644$1,535$852$457$240$47
47 years$2,559$1,465$801$423$218$41
48 years$2,477$1,399$753$391$198$35
49 years$2,399$1,336$707$361$180$31
50 years$2,324$1,276$665$334$163$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,380,000, adding $2,044 every year, while hoping to spend $43,719 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: 40/39/21 Blend
50$2,380,000$2,380,000$2,380,000$2,380,000
51$2,624,868$2,498,728$2,461,838$2,713,461
52$2,846,088$2,574,649$2,497,793$2,853,093
53$3,088,407$2,652,825$2,533,487$2,999,735
54$3,353,932$2,733,320$2,568,866$3,157,489
55$3,644,980$2,816,201$2,603,870$3,327,392
56$3,964,107$2,901,534$2,638,440$3,510,584
57$4,314,127$2,989,390$2,672,508$3,708,321
58$4,698,138$3,079,839$2,706,006$3,921,981
59$5,119,552$3,172,956$2,738,862$4,153,085
60$5,582,131$3,268,815$2,770,998$4,403,303
61$6,090,014$3,367,493$2,802,333$4,674,474
62$6,647,765$3,469,069$2,832,780$4,968,624
63$7,260,408$3,573,625$2,862,249$5,287,982
64$7,933,479$3,681,242$2,890,644$5,635,000
65$8,673,078$3,792,007$2,917,865$6,012,380
66$9,485,923$3,906,007$2,943,805$6,423,097
67$10,379,416$4,023,330$2,968,351$6,870,426
68$11,361,713$4,144,069$2,991,387$7,357,974
69$12,441,797$4,268,318$3,012,788$7,889,712
70$13,629,567$4,396,172$3,032,423$8,470,015
71$14,935,929$4,527,730$3,050,155$9,103,701
72$16,372,898$4,663,094$3,065,840$9,796,077
73$17,953,713$4,802,365$3,079,325$10,552,987
74$19,692,961$4,945,651$3,090,452$11,380,870
75$21,606,714$5,093,058$3,099,053$12,286,819
76$23,712,679$5,244,698$3,104,951$13,278,646
77$26,030,368$5,400,684$3,107,963$14,364,959
78$28,581,280$5,561,132$3,107,894$15,555,239
79$31,389,103$5,726,160$3,104,541$16,859,934
80$34,479,938$5,895,889$3,097,690$18,290,552
81$37,882,547$6,070,442$3,087,118$19,859,773
82$41,628,620$6,249,947$3,072,589$21,581,567
83$45,753,078$6,434,533$3,053,859$23,471,327
84$50,294,397$6,624,330$3,030,669$25,546,013
85$55,294,979$6,819,475$3,002,749$27,824,310
86$60,801,541$7,020,105$2,969,816$30,326,807
87$66,865,568$7,226,359$2,931,574$33,076,192
88$73,543,786$7,438,381$2,887,712$36,097,462
89$80,898,707$7,656,317$2,837,906$39,418,161
90$88,999,214$7,880,315$2,781,815$43,068,640
91$97,921,212$8,110,528$2,719,083$47,082,343
92$107,748,341$8,347,110$2,649,338$51,496,121
93$118,572,772$8,590,218$2,572,191$56,350,584
94$130,496,068$8,840,013$2,487,233$61,690,477
95$143,630,151$9,096,657$2,394,039$67,565,111
96$158,098,349$9,360,316$2,292,162$74,028,820
97$174,036,569$9,631,159$2,181,137$81,141,479
98$191,594,570$9,909,357$2,060,477$88,969,068
99$210,937,385$10,195,085$1,929,672$97,584,295
100$232,246,873$10,488,518$1,788,190$107,067,278