Can I retire at age 51 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$197,364$195,606$193,891$192,217$190,582$185,899
2 years$97,705$95,885$94,122$92,412$90,753$86,064
3 years$64,490$62,662$60,903$59,209$57,578$53,029
4 years$47,885$46,063$44,322$42,657$41,065$36,692
5 years$37,925$36,114$34,396$32,765$31,217$27,031
6 years$31,287$29,490$27,797$26,202$24,701$20,707
7 years$26,548$24,766$23,099$21,542$20,088$16,287
8 years$22,995$21,229$19,590$18,071$16,665$13,055
9 years$20,233$18,483$16,873$15,393$14,035$10,612
10 years$18,025$16,292$14,710$13,269$11,958$8,719
11 years$16,219$14,504$12,951$11,548$10,284$7,224
12 years$14,715$13,018$11,493$10,129$8,912$6,026
13 years$13,444$11,764$10,268$8,942$7,772$5,054
14 years$12,355$10,694$9,226$7,938$6,813$4,257
15 years$11,413$9,769$8,330$7,079$5,998$3,599
16 years$10,589$8,963$7,552$6,339$5,301$3,051
17 years$9,862$8,254$6,872$5,695$4,701$2,594
18 years$9,217$7,627$6,274$5,133$4,180$2,209
19 years$8,641$7,069$5,743$4,638$3,725$1,885
20 years$8,123$6,569$5,271$4,200$3,327$1,611
21 years$7,655$6,119$4,848$3,812$2,978$1,379
22 years$7,230$5,711$4,468$3,466$2,669$1,181
23 years$6,842$5,342$4,126$3,157$2,396$1,013
24 years$6,488$5,005$3,816$2,879$2,154$869
25 years$6,162$4,697$3,534$2,629$1,938$746
26 years$5,862$4,414$3,278$2,404$1,746$641
27 years$5,584$4,154$3,044$2,201$1,574$551
28 years$5,327$3,915$2,829$2,016$1,420$474
29 years$5,088$3,693$2,633$1,849$1,282$407
30 years$4,865$3,488$2,453$1,697$1,159$351
31 years$4,657$3,297$2,286$1,558$1,047$302
32 years$4,463$3,120$2,133$1,432$948$260
33 years$4,280$2,954$1,992$1,317$858$224
34 years$4,109$2,800$1,861$1,212$776$193
35 years$3,948$2,656$1,740$1,115$703$166
36 years$3,796$2,521$1,628$1,027$637$143
37 years$3,653$2,394$1,523$947$577$123
38 years$3,517$2,275$1,427$872$524$106
39 years$3,389$2,164$1,337$804$475$91
40 years$3,268$2,058$1,253$742$431$79
41 years$3,152$1,959$1,175$685$391$68
42 years$3,043$1,866$1,102$632$354$58
43 years$2,939$1,778$1,034$583$322$50
44 years$2,840$1,695$971$538$292$43
45 years$2,745$1,616$911$497$265$37
46 years$2,655$1,542$856$459$241$32
47 years$2,569$1,471$804$424$219$28
48 years$2,487$1,405$756$392$198$24
49 years$2,409$1,341$710$362$180$21
50 years$2,333$1,281$668$335$164$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,390,000, adding $6,839 every year, while hoping to spend $21,819 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: 41/38/21 Blend
50$2,390,000$2,390,000$2,390,000$2,390,000
51$2,640,834$2,514,164$2,477,119$2,732,524
52$2,886,984$2,614,143$2,536,888$2,898,607
53$3,157,510$2,718,290$2,597,927$3,075,648
54$3,454,875$2,826,785$2,660,257$3,266,830
55$3,781,794$2,939,819$2,723,896$3,473,461
56$4,141,255$3,057,588$2,788,865$3,696,972
57$4,536,554$3,180,301$2,855,183$3,938,941
58$4,971,319$3,308,172$2,922,868$4,201,096
59$5,449,549$3,441,428$2,991,940$4,485,340
60$5,975,651$3,580,306$3,062,417$4,793,759
61$6,554,477$3,725,051$3,134,318$5,128,651
62$7,191,377$3,875,921$3,207,661$5,492,539
63$7,892,244$4,033,188$3,282,464$5,888,196
64$8,663,570$4,197,131$3,358,744$6,318,672
65$9,512,511$4,368,047$3,436,519$6,787,323
66$10,446,949$4,546,244$3,515,804$7,297,835
67$11,475,571$4,732,043$3,596,617$7,854,265
68$12,607,948$4,925,782$3,678,972$8,461,077
69$13,854,626$5,127,813$3,762,885$9,123,178
70$15,227,227$5,338,504$3,848,371$9,845,969
71$16,738,554$5,558,242$3,935,442$10,635,392
72$18,402,719$5,787,428$4,024,111$11,497,987
73$20,235,269$6,026,484$4,114,392$12,440,948
74$22,253,337$6,275,852$4,206,294$13,472,195
75$24,475,800$6,535,992$4,299,828$14,600,443
76$26,923,463$6,807,386$4,395,003$15,835,286
77$29,619,247$7,090,540$4,491,827$17,187,284
78$32,588,414$7,385,980$4,590,307$18,668,062
79$35,858,798$7,694,259$4,690,448$20,290,418
80$39,461,072$8,015,954$4,792,254$22,068,441
81$43,429,035$8,351,669$4,895,728$24,017,644
82$47,799,932$8,702,036$5,000,871$26,155,107
83$52,614,807$9,067,718$5,107,682$28,499,638
84$57,918,886$9,449,405$5,216,158$31,071,948
85$63,762,009$9,847,822$5,326,296$33,894,842
86$70,199,095$10,263,727$5,438,088$36,993,434
87$77,290,665$10,697,911$5,551,526$40,395,383
88$85,103,409$11,151,206$5,666,599$44,131,151
89$93,710,821$11,624,478$5,783,293$48,234,284
90$103,193,884$12,118,637$5,901,593$52,741,734
91$113,641,843$12,634,634$6,021,480$57,694,198
92$125,153,043$13,173,463$6,142,931$63,136,501
93$137,835,857$13,736,166$6,265,923$69,118,019
94$151,809,710$14,323,834$6,390,427$75,693,139
95$167,206,205$14,937,607$6,516,411$82,921,770
96$184,170,369$15,578,680$6,643,841$90,869,907
97$202,862,014$16,248,303$6,772,678$99,610,246
98$223,457,255$16,947,785$6,902,878$109,222,873
99$246,150,164$17,678,496$7,034,394$119,796,008
100$271,154,609$18,441,871$7,167,174$131,426,843