Can I retire at age 51 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$150,294$148,955$147,649$146,374$145,129$139,758
2 years$74,403$73,017$71,674$70,372$69,109$63,758
3 years$49,109$47,718$46,378$45,088$43,846$38,683
4 years$36,465$35,077$33,751$32,483$31,271$26,337
5 years$28,880$27,501$26,192$24,950$23,772$19,079
6 years$23,825$22,457$21,167$19,953$18,810$14,361
7 years$20,216$18,859$17,590$16,405$15,297$11,092
8 years$17,511$16,166$14,918$13,761$12,691$8,724
9 years$15,407$14,075$12,849$11,722$10,687$6,955
10 years$13,726$12,407$11,202$10,104$9,106$5,601
11 years$12,351$11,045$9,862$8,794$7,832$4,546
12 years$11,206$9,913$8,752$7,713$6,787$3,712
13 years$10,238$8,959$7,820$6,810$5,918$3,046
14 years$9,409$8,143$7,026$6,045$5,188$2,510
15 years$8,691$7,439$6,343$5,391$4,568$2,074
16 years$8,063$6,825$5,751$4,827$4,037$1,719
17 years$7,510$6,286$5,233$4,337$3,579$1,427
18 years$7,019$5,808$4,777$3,908$3,183$1,187
19 years$6,580$5,383$4,373$3,532$2,837$989
20 years$6,186$5,002$4,014$3,199$2,534$825
21 years$5,829$4,659$3,692$2,903$2,268$688
22 years$5,505$4,349$3,403$2,639$2,033$575
23 years$5,210$4,068$3,142$2,404$1,825$481
24 years$4,940$3,811$2,906$2,192$1,640$402
25 years$4,692$3,577$2,691$2,002$1,476$337
26 years$4,464$3,362$2,496$1,831$1,329$282
27 years$4,252$3,164$2,318$1,676$1,198$236
28 years$4,056$2,981$2,155$1,535$1,081$198
29 years$3,874$2,812$2,005$1,408$976$166
30 years$3,705$2,656$1,868$1,292$882$139
31 years$3,546$2,511$1,741$1,187$798$116
32 years$3,398$2,376$1,624$1,091$722$98
33 years$3,259$2,250$1,517$1,003$653$82
34 years$3,129$2,132$1,417$923$591$69
35 years$3,006$2,022$1,325$849$535$58
36 years$2,891$1,920$1,239$782$485$48
37 years$2,781$1,823$1,160$721$440$40
38 years$2,678$1,733$1,086$664$399$34
39 years$2,581$1,648$1,018$613$362$28
40 years$2,488$1,568$954$565$328$24
41 years$2,400$1,492$895$521$297$20
42 years$2,317$1,421$839$481$270$17
43 years$2,238$1,354$787$444$245$14
44 years$2,162$1,291$739$410$222$12
45 years$2,091$1,231$694$379$202$10
46 years$2,022$1,174$652$350$183$8
47 years$1,957$1,120$612$323$166$7
48 years$1,894$1,070$575$299$151$6
49 years$1,834$1,021$541$276$137$5
50 years$1,777$976$509$255$125$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,820,000, adding $6,975 every year, while hoping to spend $30,793 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: 58/15/27 Blend
50$1,820,000$1,820,000$1,820,000$1,820,000
51$2,012,835$1,916,375$1,888,165$2,114,404
52$2,185,380$1,977,514$1,918,655$2,245,836
53$2,374,494$2,040,616$1,949,134$2,385,222
54$2,581,832$2,105,746$1,979,570$2,536,566
55$2,809,220$2,172,970$2,009,927$2,701,035
56$3,058,670$2,242,354$2,040,169$2,879,915
57$3,332,395$2,313,970$2,070,255$3,074,622
58$3,632,835$2,387,890$2,100,145$3,286,714
59$3,962,677$2,464,189$2,129,792$3,517,908
60$4,324,880$2,542,945$2,159,150$3,770,095
61$4,722,705$2,624,237$2,188,169$4,045,358
62$5,159,744$2,708,147$2,216,796$4,345,990
63$5,639,954$2,794,762$2,244,974$4,674,519
64$6,167,693$2,884,170$2,272,645$5,033,729
65$6,747,764$2,976,461$2,299,745$5,426,684
66$7,385,459$3,071,730$2,326,209$5,856,765
67$8,086,604$3,170,074$2,351,966$6,327,691
68$8,857,624$3,271,593$2,376,943$6,843,564
69$9,705,592$3,376,391$2,401,061$7,408,899
70$10,638,304$3,484,577$2,424,238$8,028,674
71$11,664,350$3,596,259$2,446,388$8,708,372
72$12,793,191$3,711,554$2,467,420$9,454,033
73$14,035,255$3,830,579$2,487,238$10,272,315
74$15,402,031$3,953,456$2,505,739$11,170,550
75$16,906,175$4,080,313$2,522,819$12,156,820
76$18,561,637$4,211,280$2,538,365$13,240,029
77$20,383,782$4,346,491$2,552,259$14,429,989
78$22,389,546$4,486,087$2,564,377$15,737,509
79$24,597,586$4,630,212$2,574,590$17,174,502
80$27,028,462$4,779,014$2,582,761$18,754,095
81$29,704,827$4,932,648$2,588,746$20,490,751
82$32,651,645$5,091,273$2,592,395$22,400,409
83$35,896,422$5,255,055$2,593,549$24,500,631
84$39,469,466$5,424,162$2,592,042$26,810,770
85$43,404,177$5,598,771$2,587,700$29,352,154
86$47,737,356$5,779,064$2,580,342$32,148,281
87$52,509,557$5,965,228$2,569,774$35,225,049
88$57,765,466$6,157,459$2,555,796$38,610,994
89$63,554,327$6,355,958$2,538,198$42,337,563
90$69,930,399$6,560,931$2,516,759$46,439,410
91$76,953,478$6,772,594$2,491,248$50,954,721
92$84,689,451$6,991,170$2,461,423$55,925,577
93$93,210,925$7,216,887$2,427,031$61,398,351
94$102,597,908$7,449,984$2,387,806$67,424,146
95$112,938,568$7,690,705$2,343,469$74,059,274
96$124,330,058$7,939,306$2,293,732$81,365,793
97$136,879,440$8,196,049$2,238,288$89,412,089
98$150,704,692$8,461,204$2,176,820$98,273,522
99$165,935,822$8,735,055$2,108,995$108,033,140
100$182,716,094$9,017,890$2,034,464$118,782,460