Can I retire at age 51 with 1,830,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$151,120$149,774$148,460$147,178$145,927$143,274
2 years$74,812$73,418$72,068$70,759$69,489$66,825
3 years$49,379$47,980$46,633$45,336$44,087$41,496
4 years$36,665$35,270$33,937$32,662$31,443$28,945
5 years$29,039$27,652$26,336$25,088$23,902$21,504
6 years$23,956$22,580$21,284$20,063$18,913$16,617
7 years$20,327$18,963$17,687$16,495$15,381$13,188
8 years$17,607$16,255$15,000$13,837$12,760$10,670
9 years$15,492$14,153$12,919$11,786$10,746$8,757
10 years$13,801$12,475$11,263$10,160$9,156$7,266
11 years$12,419$11,106$9,916$8,842$7,875$6,082
12 years$11,267$9,968$8,800$7,756$6,824$5,126
13 years$10,294$9,008$7,862$6,847$5,951$4,345
14 years$9,460$8,188$7,064$6,078$5,216$3,700
15 years$8,739$7,480$6,378$5,421$4,593$3,163
16 years$8,108$6,863$5,783$4,853$4,059$2,712
17 years$7,551$6,320$5,262$4,361$3,599$2,332
18 years$7,058$5,840$4,804$3,930$3,200$2,010
19 years$6,616$5,413$4,398$3,551$2,852$1,736
20 years$6,220$5,030$4,036$3,216$2,548$1,501
21 years$5,861$4,685$3,712$2,919$2,280$1,301
22 years$5,536$4,373$3,421$2,654$2,044$1,128
23 years$5,239$4,090$3,159$2,417$1,835$979
24 years$4,967$3,832$2,922$2,204$1,649$851
25 years$4,718$3,596$2,706$2,013$1,484$740
26 years$4,488$3,380$2,510$1,841$1,337$644
27 years$4,276$3,181$2,330$1,685$1,205$561
28 years$4,079$2,997$2,166$1,544$1,087$488
29 years$3,896$2,828$2,016$1,416$982$426
30 years$3,725$2,670$1,878$1,299$887$371
31 years$3,566$2,524$1,751$1,193$802$324
32 years$3,417$2,389$1,633$1,097$726$282
33 years$3,277$2,262$1,525$1,008$657$246
34 years$3,146$2,144$1,425$928$594$215
35 years$3,023$2,034$1,332$854$538$188
36 years$2,906$1,930$1,246$787$488$164
37 years$2,797$1,833$1,167$725$442$143
38 years$2,693$1,742$1,092$668$401$125
39 years$2,595$1,657$1,023$616$364$109
40 years$2,502$1,576$959$568$330$95
41 years$2,414$1,500$899$524$299$83
42 years$2,330$1,429$844$484$271$73
43 years$2,250$1,361$792$447$246$64
44 years$2,174$1,298$743$412$224$56
45 years$2,102$1,237$698$381$203$49
46 years$2,033$1,181$655$352$184$42
47 years$1,967$1,127$616$325$167$37
48 years$1,904$1,075$579$300$152$32
49 years$1,844$1,027$544$278$138$28
50 years$1,787$981$511$257$125$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,830,000, adding $5,766 every year, while hoping to spend $30,004 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: 54/19/27 Blend
50$1,830,000$1,830,000$1,830,000$1,830,000
51$2,022,608$1,925,618$1,897,253$2,116,390
52$2,196,990$1,988,049$1,928,887$2,244,213
53$2,388,153$2,052,534$1,960,575$2,379,739
54$2,597,778$2,119,141$1,992,287$2,526,684
55$2,827,714$2,187,942$2,023,992$2,686,152
56$3,080,000$2,259,011$2,055,655$2,859,364
57$3,356,881$2,332,423$2,087,240$3,047,660
58$3,660,830$2,408,259$2,118,710$3,252,516
59$3,994,570$2,486,599$2,150,022$3,475,558
60$4,361,102$2,567,528$2,181,134$3,718,578
61$4,763,732$2,651,134$2,211,999$3,983,546
62$5,206,101$2,737,508$2,242,569$4,272,633
63$5,692,219$2,826,742$2,272,791$4,588,233
64$6,226,508$2,918,935$2,302,612$4,932,977
65$6,813,835$3,014,186$2,331,973$5,309,768
66$7,459,564$3,112,599$2,360,812$5,721,801
67$8,169,606$3,214,282$2,389,065$6,172,597
68$8,950,470$3,319,346$2,416,663$6,666,033
69$9,809,331$3,427,907$2,443,534$7,206,381
70$10,754,091$3,540,084$2,469,602$7,798,346
71$11,793,460$3,655,999$2,494,785$8,447,113
72$12,937,032$3,775,782$2,518,999$9,158,394
73$14,195,378$3,899,564$2,542,155$9,938,480
74$15,580,147$4,027,483$2,564,157$10,794,305
75$17,104,173$4,159,681$2,584,907$11,733,507
76$18,781,597$4,296,303$2,604,300$12,764,501
77$20,628,002$4,437,504$2,622,225$13,896,559
78$22,660,556$4,583,440$2,638,568$15,139,899
79$24,898,178$4,734,274$2,653,206$16,505,776
80$27,361,715$4,890,176$2,666,011$18,006,594
81$30,074,136$5,051,321$2,676,848$19,656,019
82$33,060,752$5,217,889$2,685,577$21,469,111
83$36,349,453$5,390,070$2,692,048$23,462,461
84$39,970,972$5,568,058$2,696,106$25,654,355
85$43,959,172$5,752,054$2,697,586$28,064,938
86$48,351,370$5,942,268$2,696,318$30,716,410
87$53,188,686$6,138,915$2,692,121$33,633,235
88$58,516,431$6,342,221$2,684,806$36,842,368
89$64,384,535$6,552,417$2,674,175$40,373,512
90$70,848,017$6,769,745$2,660,019$44,259,399
91$77,967,506$6,994,454$2,642,121$48,536,097
92$85,809,813$7,226,803$2,620,253$53,243,352
93$94,448,557$7,467,061$2,594,176$58,424,960
94$103,964,868$7,715,504$2,563,638$64,129,185
95$114,448,142$7,972,422$2,528,378$70,409,211
96$125,996,895$8,238,113$2,488,121$77,323,644
97$138,719,684$8,512,886$2,442,579$84,937,068
98$152,736,137$8,797,063$2,391,451$93,320,649
99$168,178,081$9,090,977$2,334,422$102,552,815
100$185,190,783$9,394,972$2,271,163$112,719,988