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%18.5%
1 years$151,945$150,592$149,272$147,983$146,724$141,687
2 years$75,221$73,820$72,462$71,146$69,869$64,846
3 years$49,649$48,242$46,888$45,584$44,328$39,476
4 years$36,866$35,463$34,122$32,840$31,615$26,971
5 years$29,198$27,803$26,480$25,225$24,033$19,611
6 years$24,087$22,704$21,400$20,172$19,017$14,818
7 years$20,438$19,066$17,783$16,585$15,466$11,491
8 years$17,703$16,343$15,082$13,913$12,830$9,076
9 years$15,577$14,230$12,990$11,850$10,805$7,266
10 years$13,877$12,543$11,325$10,215$9,206$5,877
11 years$12,487$11,166$9,970$8,890$7,918$4,792
12 years$11,329$10,022$8,848$7,798$6,861$3,932
13 years$10,350$9,057$7,905$6,884$5,983$3,242
14 years$9,512$8,233$7,103$6,111$5,245$2,684
15 years$8,786$7,521$6,413$5,450$4,618$2,229
16 years$8,152$6,900$5,814$4,880$4,081$1,857
17 years$7,593$6,355$5,291$4,385$3,619$1,550
18 years$7,096$5,872$4,830$3,951$3,218$1,296
19 years$6,652$5,442$4,422$3,570$2,868$1,085
20 years$6,254$5,057$4,058$3,234$2,562$910
21 years$5,893$4,711$3,732$2,935$2,292$764
22 years$5,566$4,397$3,440$2,668$2,055$642
23 years$5,268$4,113$3,176$2,430$1,845$539
24 years$4,995$3,853$2,938$2,216$1,658$454
25 years$4,744$3,616$2,721$2,024$1,492$382
26 years$4,513$3,398$2,523$1,851$1,344$321
27 years$4,299$3,198$2,343$1,694$1,212$271
28 years$4,101$3,014$2,178$1,552$1,093$228
29 years$3,917$2,843$2,027$1,423$987$192
30 years$3,745$2,685$1,888$1,306$892$162
31 years$3,585$2,538$1,760$1,200$806$137
32 years$3,436$2,402$1,642$1,103$729$115
33 years$3,295$2,274$1,533$1,014$660$97
34 years$3,163$2,156$1,433$933$598$82
35 years$3,039$2,045$1,340$859$541$69
36 years$2,922$1,941$1,253$791$491$58
37 years$2,812$1,843$1,173$729$445$49
38 years$2,708$1,752$1,098$672$403$41
39 years$2,609$1,666$1,029$619$365$35
40 years$2,516$1,585$965$571$332$30
41 years$2,427$1,509$904$527$301$25
42 years$2,343$1,437$848$486$273$21
43 years$2,262$1,369$796$449$248$18
44 years$2,186$1,305$747$415$225$15
45 years$2,114$1,244$702$383$204$13
46 years$2,044$1,187$659$354$185$11
47 years$1,978$1,133$619$327$168$9
48 years$1,915$1,081$582$302$153$8
49 years$1,854$1,033$547$279$139$6
50 years$1,796$986$514$258$126$5

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 $3,707 every year, while hoping to spend $36,444 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: 45/47/8 Blend
50$1,840,000$1,840,000$1,840,000$1,840,000
51$2,031,504$1,933,984$1,905,464$2,118,205
52$2,199,941$1,989,973$1,930,521$2,234,459
53$2,384,337$2,047,484$1,955,196$2,356,384
54$2,586,282$2,106,553$1,979,437$2,487,746
55$2,807,526$2,167,217$2,003,191$2,629,427
56$3,049,996$2,229,513$2,026,400$2,782,396
57$3,315,815$2,293,479$2,049,004$2,947,721
58$3,607,322$2,359,152$2,070,939$3,126,574
59$3,927,090$2,426,573$2,092,138$3,320,245
60$4,277,958$2,495,779$2,112,529$3,530,156
61$4,663,048$2,566,811$2,132,037$3,757,868
62$5,085,804$2,639,709$2,150,585$4,005,103
63$5,550,014$2,714,514$2,168,088$4,273,752
64$6,059,856$2,791,266$2,184,459$4,565,900
65$6,619,930$2,870,006$2,199,607$4,883,842
66$7,235,303$2,950,777$2,213,434$5,230,102
67$7,911,559$3,033,620$2,225,839$5,607,462
68$8,654,848$3,118,577$2,236,715$6,018,983
69$9,471,946$3,205,691$2,245,948$6,468,039
70$10,370,319$3,295,004$2,253,422$6,958,342
71$11,358,191$3,386,558$2,259,011$7,493,982
72$12,444,624$3,480,398$2,262,586$8,079,463
73$13,639,602$3,576,563$2,264,009$8,719,746
74$14,954,125$3,675,099$2,263,137$9,420,294
75$16,400,313$3,776,046$2,259,819$10,187,128
76$17,991,519$3,879,446$2,253,897$11,026,875
77$19,742,458$3,985,343$2,245,206$11,946,841
78$21,669,339$4,093,775$2,233,572$12,955,070
79$23,790,027$4,204,786$2,218,811$14,060,427
80$26,124,204$4,318,414$2,200,735$15,272,674
81$28,693,555$4,434,698$2,179,142$16,602,570
82$31,521,978$4,553,679$2,153,824$18,061,968
83$34,635,802$4,675,392$2,124,560$19,663,924
84$38,064,043$4,799,875$2,091,121$21,422,826
85$41,838,668$4,927,162$2,053,267$23,354,525
86$45,994,906$5,057,287$2,010,745$25,476,487
87$50,571,574$5,190,282$1,963,293$27,807,955
88$55,611,446$5,326,177$1,910,635$30,370,133
89$61,161,655$5,465,000$1,852,482$33,186,385
90$67,274,136$5,606,778$1,788,533$36,282,453
91$74,006,122$5,751,534$1,718,472$39,686,705
92$81,420,676$5,899,288$1,641,970$43,430,398
93$89,587,291$6,050,059$1,558,682$47,547,973
94$98,582,544$6,203,862$1,468,248$52,077,384
95$108,490,820$6,360,708$1,370,291$57,060,450
96$119,405,105$6,520,604$1,264,417$62,543,256
97$131,427,866$6,683,554$1,150,215$68,576,582
98$144,672,017$6,849,556$1,027,256$75,216,388
99$159,261,984$7,018,606$895,091$82,524,336
100$175,334,881$7,190,693$753,251$90,568,378