Can I retire at age 51 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$151,945$150,592$149,272$147,983$146,724$141,971
2 years$75,221$73,820$72,462$71,146$69,869$65,124
3 years$49,649$48,242$46,888$45,584$44,328$39,741
4 years$36,866$35,463$34,122$32,840$31,615$27,221
5 years$29,198$27,803$26,480$25,225$24,033$19,844
6 years$24,087$22,704$21,400$20,172$19,017$15,036
7 years$20,438$19,066$17,783$16,585$15,466$11,693
8 years$17,703$16,343$15,082$13,913$12,830$9,263
9 years$15,577$14,230$12,990$11,850$10,805$7,439
10 years$13,877$12,543$11,325$10,215$9,206$6,036
11 years$12,487$11,166$9,970$8,890$7,918$4,937
12 years$11,329$10,022$8,848$7,798$6,861$4,064
13 years$10,350$9,057$7,905$6,884$5,983$3,363
14 years$9,512$8,233$7,103$6,111$5,245$2,794
15 years$8,786$7,521$6,413$5,450$4,618$2,329
16 years$8,152$6,900$5,814$4,880$4,081$1,946
17 years$7,593$6,355$5,291$4,385$3,619$1,631
18 years$7,096$5,872$4,830$3,951$3,218$1,369
19 years$6,652$5,442$4,422$3,570$2,868$1,150
20 years$6,254$5,057$4,058$3,234$2,562$968
21 years$5,893$4,711$3,732$2,935$2,292$816
22 years$5,566$4,397$3,440$2,668$2,055$688
23 years$5,268$4,113$3,176$2,430$1,845$581
24 years$4,995$3,853$2,938$2,216$1,658$490
25 years$4,744$3,616$2,721$2,024$1,492$414
26 years$4,513$3,398$2,523$1,851$1,344$350
27 years$4,299$3,198$2,343$1,694$1,212$296
28 years$4,101$3,014$2,178$1,552$1,093$251
29 years$3,917$2,843$2,027$1,423$987$212
30 years$3,745$2,685$1,888$1,306$892$179
31 years$3,585$2,538$1,760$1,200$806$152
32 years$3,436$2,402$1,642$1,103$729$129
33 years$3,295$2,274$1,533$1,014$660$109
34 years$3,163$2,156$1,433$933$598$92
35 years$3,039$2,045$1,340$859$541$78
36 years$2,922$1,941$1,253$791$491$66
37 years$2,812$1,843$1,173$729$445$56
38 years$2,708$1,752$1,098$672$403$48
39 years$2,609$1,666$1,029$619$365$40
40 years$2,516$1,585$965$571$332$34
41 years$2,427$1,509$904$527$301$29
42 years$2,343$1,437$848$486$273$24
43 years$2,262$1,369$796$449$248$21
44 years$2,186$1,305$747$415$225$18
45 years$2,114$1,244$702$383$204$15
46 years$2,044$1,187$659$354$185$13
47 years$1,978$1,133$619$327$168$11
48 years$1,915$1,081$582$302$153$9
49 years$1,854$1,033$547$279$139$8
50 years$1,796$986$514$258$126$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,840,000, adding $2,029 every year, while hoping to spend $59,208 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: 65/15/20 Blend
50$1,840,000$1,840,000$1,840,000$1,840,000
51$2,029,773$1,932,253$1,903,733$2,151,300
52$2,173,813$1,963,936$1,904,511$2,264,852
53$2,330,561$1,995,188$1,903,331$2,381,963
54$2,501,250$2,025,924$1,900,064$2,508,553
55$2,687,237$2,056,055$1,894,577$2,645,553
56$2,890,018$2,085,484$1,886,728$2,793,988
57$3,111,236$2,114,109$1,876,369$2,954,990
58$3,352,701$2,141,819$1,863,346$3,129,806
59$3,616,405$2,168,497$1,847,497$3,319,811
60$3,904,541$2,194,016$1,828,651$3,526,521
61$4,219,524$2,218,243$1,806,631$3,751,608
62$4,564,012$2,241,033$1,781,249$3,996,915
63$4,940,932$2,262,234$1,752,312$4,264,475
64$5,353,506$2,281,683$1,719,613$4,556,528
65$5,805,284$2,299,205$1,682,941$4,875,544
66$6,300,173$2,314,617$1,642,070$5,224,249
67$6,842,478$2,327,720$1,596,766$5,605,645
68$7,436,938$2,338,305$1,546,785$6,023,045
69$8,088,773$2,346,150$1,491,870$6,480,100
70$8,803,734$2,351,017$1,431,753$6,980,837
71$9,588,153$2,352,654$1,366,154$7,529,693
72$10,449,005$2,350,795$1,294,781$8,131,563
73$11,393,974$2,345,154$1,217,327$8,791,843
74$12,431,523$2,335,431$1,133,472$9,516,483
75$13,570,977$2,321,306$1,042,881$10,312,042
76$14,822,606$2,302,439$945,206$11,185,751
77$16,197,723$2,278,470$840,082$12,145,582
78$17,708,793$2,249,017$727,128$13,200,326
79$19,369,548$2,213,677$605,945$14,359,672
80$21,195,115$2,172,021$476,117$15,634,305
81$23,202,162$2,123,595$337,212$17,036,000
82$25,409,049$2,067,917$188,775$18,577,743
83$27,836,007$2,004,480$30,334$20,273,845
84$30,505,324$1,932,745$0$22,140,087
85$33,441,559$1,852,140$0$24,223,473
86$36,671,767$1,762,064$0$26,522,399
87$40,225,760$1,661,878$0$29,051,641
88$44,136,385$1,550,908$0$31,834,618
89$48,439,832$1,428,439$0$34,897,141
90$53,175,980$1,293,717$0$38,267,655
91$58,388,767$1,145,946$0$41,977,508
92$64,126,606$984,282$0$46,061,244
93$70,442,843$807,835$0$50,556,934
94$77,396,260$615,666$0$55,506,534
95$85,051,624$406,779$0$60,956,281
96$93,480,306$180,127$0$66,957,130
97$102,760,945$0$0$73,565,237
98$112,980,198$0$0$80,853,283
99$124,233,550$0$0$88,911,715
100$136,626,220$0$0$97,786,166