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 $2,840 every year, while hoping to spend $37,439 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: 75/19/6 Blend
50$1,860,000$1,860,000$1,860,000$1,860,000
51$2,052,649$1,954,069$1,925,239$2,205,107
52$2,222,185$2,009,984$1,949,900$2,361,657
53$2,407,758$2,067,384$1,974,132$2,528,087
54$2,610,966$2,126,302$1,997,882$2,709,367
55$2,833,565$2,186,771$2,021,092$2,906,954
56$3,077,492$2,248,827$2,043,702$3,122,452
57$3,344,880$2,312,503$2,065,649$3,357,624
58$3,638,076$2,377,833$2,086,867$3,614,416
59$3,959,666$2,444,854$2,107,283$3,894,967
60$4,312,500$2,513,599$2,126,825$4,201,634
61$4,699,714$2,584,105$2,145,413$4,537,013
62$5,124,765$2,656,407$2,162,965$4,903,963
63$5,591,461$2,730,540$2,179,394$5,305,631
64$6,103,995$2,806,541$2,194,608$5,745,487
65$6,666,986$2,884,446$2,208,511$6,227,348
66$7,285,525$2,964,290$2,221,003$6,755,424
67$7,965,217$3,046,109$2,231,975$7,334,347
68$8,712,241$3,129,939$2,241,317$7,969,225
69$9,533,399$3,215,816$2,248,912$8,665,681
70$10,436,190$3,303,775$2,254,634$9,429,910
71$11,428,872$3,393,851$2,258,355$10,268,738
72$12,520,546$3,486,079$2,259,940$11,189,686
73$13,721,238$3,580,493$2,259,243$12,201,037
74$15,041,994$3,677,126$2,256,117$13,311,919
75$16,494,983$3,776,012$2,250,404$14,532,388
76$18,093,618$3,877,183$2,241,938$15,873,523
77$19,852,671$3,980,669$2,230,548$17,347,532
78$21,788,424$4,086,502$2,216,051$18,967,865
79$23,918,812$4,194,710$2,198,258$20,749,342
80$26,263,602$4,305,321$2,176,970$22,708,291
81$28,844,569$4,418,362$2,151,979$24,862,704
82$31,685,711$4,533,858$2,123,066$27,232,405
83$34,813,468$4,651,831$2,090,003$29,839,238
84$38,256,974$4,772,303$2,052,550$32,707,273
85$42,048,332$4,895,293$2,010,458$35,863,031
86$46,222,917$5,020,817$1,963,463$39,335,736
87$50,819,708$5,148,891$1,911,292$43,157,591
88$55,881,656$5,279,524$1,853,659$47,364,080
89$61,456,090$5,412,726$1,790,262$51,994,304
90$67,595,164$5,548,503$1,720,788$57,091,349
91$74,356,346$5,686,854$1,644,910$62,702,694
92$81,802,962$5,827,779$1,562,283$68,880,655
93$90,004,794$5,971,270$1,472,550$75,682,886
94$99,038,739$6,117,318$1,375,335$83,172,914
95$108,989,529$6,265,905$1,270,248$91,420,746
96$119,950,538$6,417,012$1,156,879$100,503,526
97$132,024,659$6,570,612$1,034,800$110,506,262
98$145,325,274$6,726,671$903,566$121,522,631
99$159,977,326$6,885,152$762,709$133,655,863
100$176,118,496$7,046,008$611,743$147,019,713