Can I retire at age 51 with 1,870,000?

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 $1,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$154,423$153,047$151,705$150,395$149,116$147,621
2 years$76,447$75,023$73,643$72,306$71,008$69,501
3 years$50,458$49,028$47,652$46,327$45,050$43,580
4 years$37,467$36,041$34,679$33,376$32,130$30,707
5 years$29,674$28,257$26,912$25,636$24,425$23,053
6 years$24,480$23,074$21,749$20,501$19,327$18,008
7 years$20,772$19,377$18,073$16,855$15,718$14,453
8 years$17,992$16,610$15,328$14,139$13,039$11,828
9 years$15,831$14,462$13,202$12,044$10,981$9,823
10 years$14,103$12,747$11,510$10,382$9,356$8,251
11 years$12,690$11,348$10,133$9,035$8,047$6,993
12 years$11,514$10,186$8,993$7,925$6,973$5,970
13 years$10,519$9,205$8,034$6,997$6,081$5,127
14 years$9,667$8,367$7,219$6,211$5,330$4,424
15 years$8,930$7,643$6,518$5,539$4,693$3,834
16 years$8,285$7,013$5,909$4,960$4,148$3,334
17 years$7,716$6,458$5,377$4,456$3,678$2,908
18 years$7,212$5,968$4,909$4,016$3,270$2,542
19 years$6,761$5,531$4,494$3,629$2,915$2,228
20 years$6,356$5,140$4,124$3,286$2,604$1,956
21 years$5,989$4,787$3,793$2,983$2,330$1,720
22 years$5,657$4,469$3,496$2,712$2,088$1,514
23 years$5,354$4,180$3,228$2,470$1,875$1,335
24 years$5,076$3,916$2,985$2,253$1,685$1,178
25 years$4,821$3,675$2,765$2,057$1,516$1,041
26 years$4,586$3,454$2,564$1,881$1,366$920
27 years$4,369$3,251$2,381$1,722$1,231$814
28 years$4,168$3,063$2,214$1,577$1,111$721
29 years$3,981$2,890$2,060$1,447$1,003$639
30 years$3,807$2,729$1,919$1,328$907$566
31 years$3,644$2,580$1,789$1,219$820$502
32 years$3,492$2,441$1,669$1,121$741$445
33 years$3,349$2,312$1,558$1,030$671$395
34 years$3,215$2,191$1,456$948$607$351
35 years$3,089$2,078$1,361$873$550$311
36 years$2,970$1,972$1,274$804$499$276
37 years$2,858$1,873$1,192$741$452$245
38 years$2,752$1,780$1,116$683$410$218
39 years$2,652$1,693$1,046$629$371$194
40 years$2,557$1,611$980$581$337$172
41 years$2,466$1,533$919$536$306$153
42 years$2,381$1,460$862$494$277$136
43 years$2,299$1,391$809$456$252$121
44 years$2,222$1,326$759$421$228$107
45 years$2,148$1,265$713$389$207$96
46 years$2,078$1,206$670$359$188$85
47 years$2,010$1,151$629$332$171$76
48 years$1,946$1,099$591$307$155$67
49 years$1,885$1,049$556$284$141$60
50 years$1,826$1,002$523$262$128$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,870,000, adding $5,755 every year, while hoping to spend $32,963 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: 47/32/21 Blend
50$1,870,000$1,870,000$1,870,000$1,870,000
51$2,066,676$1,967,566$1,938,581$2,151,208
52$2,242,405$2,028,905$1,968,451$2,272,195
53$2,434,953$2,092,144$1,998,217$2,399,690
54$2,646,002$2,157,342$2,027,841$2,537,396
55$2,877,401$2,224,560$2,057,281$2,686,283
56$3,131,192$2,293,858$2,086,496$2,847,420
57$3,409,618$2,365,302$2,115,438$3,021,980
58$3,715,153$2,438,956$2,144,059$3,211,256
59$4,050,523$2,514,889$2,172,309$3,416,672
60$4,418,727$2,593,170$2,200,133$3,639,792
61$4,823,072$2,673,870$2,227,472$3,882,342
62$5,267,201$2,757,064$2,254,267$4,146,219
63$5,755,123$2,842,829$2,280,453$4,433,513
64$6,291,260$2,931,242$2,305,963$4,746,524
65$6,880,480$3,022,384$2,330,724$5,087,787
66$7,528,147$3,116,339$2,354,661$5,460,090
67$8,240,170$3,213,192$2,377,695$5,866,507
68$9,023,061$3,313,032$2,399,741$6,310,421
69$9,883,992$3,415,949$2,420,711$6,795,558
70$10,830,866$3,522,037$2,440,512$7,326,023
71$11,872,391$3,631,393$2,459,045$7,906,338
72$13,018,159$3,744,116$2,476,208$8,541,482
73$14,278,742$3,860,308$2,491,891$9,236,940
74$15,665,785$3,980,075$2,505,981$9,998,756
75$17,192,121$4,103,524$2,518,357$10,833,587
76$18,871,888$4,230,768$2,528,893$11,748,764
77$20,720,666$4,361,921$2,537,456$12,752,369
78$22,755,621$4,497,101$2,543,908$13,853,300
79$24,995,666$4,636,432$2,548,101$15,061,365
80$27,461,644$4,780,036$2,549,882$16,387,365
81$30,176,518$4,928,045$2,549,090$17,843,205
82$33,165,594$5,080,591$2,545,555$19,441,998
83$36,456,755$5,237,810$2,539,102$21,198,195
84$40,080,724$5,399,843$2,529,542$23,127,714
85$44,071,358$5,566,835$2,516,682$25,248,098
86$48,465,962$5,738,936$2,500,316$27,578,676
87$53,305,645$5,916,298$2,480,231$30,140,743
88$58,635,704$6,099,080$2,456,202$32,957,766
89$64,506,055$6,287,443$2,427,994$36,055,601
90$70,971,701$6,481,557$2,395,360$39,462,741
91$78,093,253$6,681,591$2,358,043$43,210,580
92$85,937,500$6,887,725$2,315,773$47,333,712
93$94,578,040$7,100,139$2,268,267$51,870,256
94$104,095,976$7,319,021$2,215,229$56,862,217
95$114,580,676$7,544,564$2,156,350$62,355,882
96$126,130,624$7,776,966$2,091,306$68,402,254
97$138,854,342$8,016,432$2,019,759$75,057,537
98$152,871,419$8,263,171$1,941,355$82,383,666
99$168,313,636$8,517,399$1,855,723$90,448,887
100$185,326,214$8,779,338$1,762,477$99,328,407