Can I retire at age 51 with 1,860,000?

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 $1,860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$153,597$152,229$150,894$149,591$148,319$142,660
2 years$76,038$74,622$73,250$71,919$70,628$64,993
3 years$50,189$48,766$47,397$46,079$44,809$39,376
4 years$37,266$35,848$34,493$33,197$31,958$26,768
5 years$29,515$28,106$26,768$25,499$24,294$19,360
6 years$24,349$22,950$21,633$20,392$19,223$14,549
7 years$20,661$19,274$17,977$16,765$15,634$11,217
8 years$17,896$16,521$15,246$14,064$12,970$8,807
9 years$15,746$14,385$13,131$11,979$10,922$7,008
10 years$14,027$12,679$11,448$10,326$9,306$5,633
11 years$12,622$11,288$10,079$8,987$8,004$4,563
12 years$11,452$10,131$8,945$7,883$6,936$3,719
13 years$10,463$9,156$7,991$6,959$6,048$3,046
14 years$9,615$8,322$7,180$6,178$5,302$2,504
15 years$8,882$7,602$6,483$5,509$4,668$2,065
16 years$8,241$6,975$5,878$4,933$4,126$1,707
17 years$7,675$6,424$5,348$4,432$3,658$1,415
18 years$7,173$5,936$4,882$3,994$3,253$1,174
19 years$6,725$5,501$4,470$3,609$2,899$976
20 years$6,322$5,112$4,102$3,269$2,590$812
21 years$5,957$4,762$3,773$2,967$2,317$676
22 years$5,626$4,445$3,477$2,697$2,077$564
23 years$5,325$4,157$3,211$2,457$1,865$470
24 years$5,049$3,895$2,969$2,241$1,676$392
25 years$4,795$3,655$2,750$2,046$1,508$328
26 years$4,562$3,435$2,551$1,871$1,358$274
27 years$4,346$3,233$2,369$1,713$1,225$229
28 years$4,146$3,047$2,202$1,569$1,105$191
29 years$3,959$2,874$2,049$1,439$998$160
30 years$3,786$2,714$1,909$1,321$902$133
31 years$3,624$2,566$1,779$1,213$815$112
32 years$3,473$2,428$1,660$1,115$737$93
33 years$3,331$2,299$1,550$1,025$667$78
34 years$3,198$2,179$1,448$943$604$65
35 years$3,072$2,067$1,354$868$547$55
36 years$2,954$1,962$1,267$800$496$46
37 years$2,843$1,863$1,186$737$449$38
38 years$2,737$1,771$1,110$679$407$32
39 years$2,637$1,684$1,040$626$369$27
40 years$2,543$1,602$975$577$335$22
41 years$2,453$1,525$914$533$304$19
42 years$2,368$1,452$858$492$276$16
43 years$2,287$1,384$805$454$250$13
44 years$2,210$1,319$755$419$227$11
45 years$2,136$1,258$709$387$206$9
46 years$2,066$1,200$666$358$187$8
47 years$2,000$1,145$626$330$170$6
48 years$1,936$1,093$588$305$154$5
49 years$1,874$1,044$553$282$140$5
50 years$1,816$997$520$261$127$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,860,000, adding $3,441 every year, while hoping to spend $44,652 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: 44/46/10 Blend
50$1,860,000$1,860,000$1,860,000$1,860,000
51$2,053,269$1,954,689$1,925,859$2,137,591
52$2,215,193$2,002,960$1,942,866$2,244,769
53$2,392,137$2,052,099$1,958,946$2,356,045
54$2,585,586$2,102,102$1,974,021$2,475,640
55$2,797,173$2,152,963$1,988,009$2,604,335
56$3,028,701$2,204,674$2,000,823$2,742,991
57$3,282,150$2,257,224$2,012,372$2,892,555
58$3,559,703$2,310,602$2,022,560$3,054,068
59$3,863,764$2,364,793$2,031,287$3,228,680
60$4,196,979$2,419,780$2,038,447$3,417,654
61$4,562,265$2,475,543$2,043,929$3,622,384
62$4,962,831$2,532,060$2,047,616$3,844,404
63$5,402,215$2,589,305$2,049,386$4,085,403
64$5,884,311$2,647,251$2,049,110$4,347,243
65$6,413,409$2,705,865$2,046,654$4,631,975
66$6,994,235$2,765,111$2,041,875$4,941,859
67$7,631,995$2,824,949$2,034,627$5,279,386
68$8,332,424$2,885,337$2,024,752$5,647,297
69$9,101,839$2,946,226$2,012,089$6,048,618
70$9,947,198$3,007,563$1,996,465$6,486,678
71$10,876,169$3,069,290$1,977,703$6,965,149
72$11,897,197$3,131,344$1,955,615$7,488,076
73$13,019,587$3,193,656$1,930,004$8,059,919
74$14,253,590$3,256,150$1,900,665$8,685,589
75$15,610,501$3,318,746$1,867,382$9,370,503
76$17,102,763$3,381,356$1,829,929$10,120,628
77$18,744,085$3,443,882$1,788,072$10,942,541
78$20,549,572$3,506,223$1,741,563$11,843,491
79$22,535,868$3,568,267$1,690,145$12,831,467
80$24,721,307$3,629,894$1,633,546$13,915,276
81$27,126,096$3,690,973$1,571,485$15,104,621
82$29,772,494$3,751,367$1,503,666$16,410,201
83$32,685,030$3,810,926$1,429,780$17,843,803
84$35,890,730$3,869,489$1,349,505$19,418,423
85$39,419,375$3,926,884$1,262,504$21,148,381
86$43,303,777$3,982,927$1,168,423$23,049,464
87$47,580,092$4,037,420$1,066,895$25,139,070
88$52,288,160$4,090,152$957,535$27,436,375
89$57,471,880$4,140,897$839,940$29,962,514
90$63,179,625$4,189,414$713,691$32,740,782
91$69,464,696$4,235,445$578,350$35,796,856
92$76,385,829$4,278,716$433,458$39,159,035
93$84,007,743$4,318,932$278,538$42,858,510
94$92,401,754$4,355,782$113,091$46,929,659
95$101,646,450$4,388,931$0$51,410,371
96$111,828,425$4,418,026$0$56,349,182
97$123,043,104$4,442,689$0$61,798,666
98$135,395,638$4,462,518$0$67,797,534
99$149,001,897$4,477,086$0$74,401,764
100$163,989,566$4,485,939$0$81,673,047