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%17.7%
1 years$151,945$150,592$149,272$147,983$146,724$142,141
2 years$75,221$73,820$72,462$71,146$69,869$65,292
3 years$49,649$48,242$46,888$45,584$44,328$39,901
4 years$36,866$35,463$34,122$32,840$31,615$27,372
5 years$29,198$27,803$26,480$25,225$24,033$19,986
6 years$24,087$22,704$21,400$20,172$19,017$15,168
7 years$20,438$19,066$17,783$16,585$15,466$11,816
8 years$17,703$16,343$15,082$13,913$12,830$9,377
9 years$15,577$14,230$12,990$11,850$10,805$7,544
10 years$13,877$12,543$11,325$10,215$9,206$6,133
11 years$12,487$11,166$9,970$8,890$7,918$5,026
12 years$11,329$10,022$8,848$7,798$6,861$4,146
13 years$10,350$9,057$7,905$6,884$5,983$3,437
14 years$9,512$8,233$7,103$6,111$5,245$2,862
15 years$8,786$7,521$6,413$5,450$4,618$2,390
16 years$8,152$6,900$5,814$4,880$4,081$2,002
17 years$7,593$6,355$5,291$4,385$3,619$1,681
18 years$7,096$5,872$4,830$3,951$3,218$1,414
19 years$6,652$5,442$4,422$3,570$2,868$1,191
20 years$6,254$5,057$4,058$3,234$2,562$1,005
21 years$5,893$4,711$3,732$2,935$2,292$849
22 years$5,566$4,397$3,440$2,668$2,055$718
23 years$5,268$4,113$3,176$2,430$1,845$607
24 years$4,995$3,853$2,938$2,216$1,658$514
25 years$4,744$3,616$2,721$2,024$1,492$435
26 years$4,513$3,398$2,523$1,851$1,344$369
27 years$4,299$3,198$2,343$1,694$1,212$313
28 years$4,101$3,014$2,178$1,552$1,093$265
29 years$3,917$2,843$2,027$1,423$987$225
30 years$3,745$2,685$1,888$1,306$892$191
31 years$3,585$2,538$1,760$1,200$806$162
32 years$3,436$2,402$1,642$1,103$729$137
33 years$3,295$2,274$1,533$1,014$660$117
34 years$3,163$2,156$1,433$933$598$99
35 years$3,039$2,045$1,340$859$541$84
36 years$2,922$1,941$1,253$791$491$71
37 years$2,812$1,843$1,173$729$445$61
38 years$2,708$1,752$1,098$672$403$52
39 years$2,609$1,666$1,029$619$365$44
40 years$2,516$1,585$965$571$332$37
41 years$2,427$1,509$904$527$301$32
42 years$2,343$1,437$848$486$273$27
43 years$2,262$1,369$796$449$248$23
44 years$2,186$1,305$747$415$225$19
45 years$2,114$1,244$702$383$204$16
46 years$2,044$1,187$659$354$185$14
47 years$1,978$1,133$619$327$168$12
48 years$1,915$1,081$582$302$153$10
49 years$1,854$1,033$547$279$139$9
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 $6,601 every year, while hoping to spend $29,355 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: 52/35/13 Blend
50$1,840,000$1,840,000$1,840,000$1,840,000
51$2,034,489$1,936,969$1,908,449$2,132,904
52$2,210,773$2,000,647$1,941,148$2,264,530
53$2,404,055$2,066,461$1,973,960$2,403,934
54$2,616,036$2,134,486$2,006,855$2,554,878
55$2,848,593$2,204,796$2,039,806$2,718,462
56$3,103,791$2,277,473$2,072,780$2,895,895
57$3,383,905$2,352,596$2,105,746$3,088,505
58$3,691,441$2,430,252$2,138,667$3,297,756
59$4,029,162$2,510,528$2,171,506$3,525,257
60$4,400,107$2,593,515$2,204,222$3,772,779
61$4,807,629$2,679,307$2,236,774$4,042,271
62$5,255,416$2,768,003$2,269,115$4,335,878
63$5,747,536$2,859,703$2,301,198$4,655,961
64$6,288,469$2,954,512$2,332,973$5,005,118
65$6,883,150$3,052,540$2,364,384$5,386,211
66$7,537,015$3,153,898$2,395,375$5,802,390
67$8,256,056$3,258,705$2,425,885$6,257,121
68$9,046,872$3,367,080$2,455,851$6,754,223
69$9,916,736$3,479,149$2,485,205$7,297,901
70$10,873,659$3,595,044$2,513,875$7,892,782
71$11,926,469$3,714,897$2,541,786$8,543,967
72$13,084,891$3,838,850$2,568,859$9,257,068
73$14,359,644$3,967,047$2,595,009$10,038,270
74$15,762,534$4,099,639$2,620,148$10,894,381
75$17,306,572$4,236,781$2,644,183$11,832,903
76$19,006,094$4,378,635$2,667,015$12,862,096
77$20,876,897$4,525,369$2,688,541$13,991,061
78$22,936,385$4,677,157$2,708,652$15,229,820
79$25,203,738$4,834,179$2,727,233$16,589,415
80$27,700,087$4,996,622$2,744,164$18,082,008
81$30,448,719$5,164,680$2,759,316$19,720,998
82$33,475,294$5,338,554$2,772,559$21,521,143
83$36,808,084$5,518,454$2,783,750$23,498,705
84$40,478,246$5,704,595$2,792,743$25,671,596
85$44,520,110$5,897,203$2,799,382$28,059,552
86$48,971,506$6,096,511$2,803,507$30,684,314
87$53,874,120$6,302,761$2,804,945$33,569,837
88$59,273,889$6,516,204$2,803,518$36,742,511
89$65,221,428$6,737,101$2,799,039$40,231,414
90$71,772,517$6,965,723$2,791,311$44,068,581
91$78,988,620$7,202,349$2,780,126$48,289,310
92$86,937,468$7,447,273$2,765,268$52,932,491
93$95,693,696$7,700,796$2,746,512$58,040,974
94$105,339,551$7,963,233$2,723,617$63,661,974
95$115,965,664$8,234,910$2,696,337$69,847,513
96$127,671,906$8,516,165$2,664,409$76,654,910
97$140,568,335$8,807,351$2,627,561$84,147,324
98$154,776,227$9,108,833$2,585,506$92,394,349
99$170,429,226$9,420,990$2,537,944$101,472,668
100$187,674,604$9,744,216$2,484,563$111,466,775