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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.7%
1 years$154,423$153,047$151,705$150,395$149,116$146,827
2 years$76,447$75,023$73,643$72,306$71,008$68,707
3 years$50,458$49,028$47,652$46,327$45,050$42,810
4 years$37,467$36,041$34,679$33,376$32,130$29,967
5 years$29,674$28,257$26,912$25,636$24,425$22,345
6 years$24,480$23,074$21,749$20,501$19,327$17,333
7 years$20,772$19,377$18,073$16,855$15,718$13,810
8 years$17,992$16,610$15,328$14,139$13,039$11,218
9 years$15,831$14,462$13,202$12,044$10,981$9,245
10 years$14,103$12,747$11,510$10,382$9,356$7,705
11 years$12,690$11,348$10,133$9,035$8,047$6,477
12 years$11,514$10,186$8,993$7,925$6,973$5,484
13 years$10,519$9,205$8,034$6,997$6,081$4,670
14 years$9,667$8,367$7,219$6,211$5,330$3,995
15 years$8,930$7,643$6,518$5,539$4,693$3,432
16 years$8,285$7,013$5,909$4,960$4,148$2,958
17 years$7,716$6,458$5,377$4,456$3,678$2,556
18 years$7,212$5,968$4,909$4,016$3,270$2,214
19 years$6,761$5,531$4,494$3,629$2,915$1,922
20 years$6,356$5,140$4,124$3,286$2,604$1,671
21 years$5,989$4,787$3,793$2,983$2,330$1,455
22 years$5,657$4,469$3,496$2,712$2,088$1,269
23 years$5,354$4,180$3,228$2,470$1,875$1,107
24 years$5,076$3,916$2,985$2,253$1,685$968
25 years$4,821$3,675$2,765$2,057$1,516$846
26 years$4,586$3,454$2,564$1,881$1,366$740
27 years$4,369$3,251$2,381$1,722$1,231$648
28 years$4,168$3,063$2,214$1,577$1,111$568
29 years$3,981$2,890$2,060$1,447$1,003$498
30 years$3,807$2,729$1,919$1,328$907$437
31 years$3,644$2,580$1,789$1,219$820$383
32 years$3,492$2,441$1,669$1,121$741$336
33 years$3,349$2,312$1,558$1,030$671$295
34 years$3,215$2,191$1,456$948$607$259
35 years$3,089$2,078$1,361$873$550$227
36 years$2,970$1,972$1,274$804$499$200
37 years$2,858$1,873$1,192$741$452$175
38 years$2,752$1,780$1,116$683$410$154
39 years$2,652$1,693$1,046$629$371$135
40 years$2,557$1,611$980$581$337$119
41 years$2,466$1,533$919$536$306$105
42 years$2,381$1,460$862$494$277$92
43 years$2,299$1,391$809$456$252$81
44 years$2,222$1,326$759$421$228$71
45 years$2,148$1,265$713$389$207$62
46 years$2,078$1,206$670$359$188$55
47 years$2,010$1,151$629$332$171$48
48 years$1,946$1,099$591$307$155$42
49 years$1,885$1,049$556$284$141$37
50 years$1,826$1,002$523$262$128$33

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 $5,982 every year, while hoping to spend $23,072 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: 63/22/15 Blend
50$1,870,000$1,870,000$1,870,000$1,870,000
51$2,066,910$1,967,800$1,938,815$2,189,173
52$2,253,187$2,039,674$1,979,217$2,343,807
53$2,457,690$2,114,297$2,020,199$2,509,422
54$2,682,255$2,191,778$2,061,757$2,689,716
55$2,928,903$2,272,233$2,103,883$2,886,118
56$3,199,861$2,355,781$2,146,573$3,100,200
57$3,497,580$2,442,548$2,189,817$3,333,693
58$3,824,764$2,532,664$2,233,607$3,588,501
59$4,184,390$2,626,264$2,277,932$3,866,722
60$4,579,736$2,723,490$2,322,781$4,170,663
61$5,014,417$2,824,488$2,368,142$4,502,864
62$5,492,412$2,929,414$2,414,000$4,866,123
63$6,018,109$3,038,426$2,460,340$5,263,519
64$6,596,340$3,151,692$2,507,144$5,698,444
65$7,232,428$3,269,386$2,554,395$6,174,631
66$7,932,239$3,391,690$2,602,071$6,696,191
67$8,702,238$3,518,793$2,650,151$7,267,652
68$9,549,545$3,650,893$2,698,610$7,894,001
69$10,482,008$3,788,196$2,747,422$8,580,728
70$11,508,271$3,930,916$2,796,560$9,333,881
71$12,637,863$4,079,278$2,845,992$10,160,121
72$13,881,278$4,233,516$2,895,686$11,066,785
73$15,250,084$4,393,874$2,945,607$12,061,954
74$16,757,025$4,560,606$2,995,717$13,154,528
75$18,416,144$4,733,979$3,045,976$14,354,313
76$20,242,915$4,914,268$3,096,341$15,672,109
77$22,254,389$5,101,764$3,146,765$17,119,812
78$24,469,354$5,296,768$3,197,199$18,710,530
79$26,908,514$5,499,595$3,247,591$20,458,700
80$29,594,681$5,710,574$3,297,885$22,380,228
81$32,552,995$5,930,049$3,348,020$24,492,637
82$35,811,156$6,158,377$3,397,934$26,815,232
83$39,399,689$6,395,932$3,447,560$29,369,280
84$43,352,230$6,643,105$3,496,826$32,178,213
85$47,705,843$6,900,303$3,545,655$35,267,846
86$52,501,374$7,167,953$3,593,969$38,666,621
87$57,783,829$7,446,497$3,641,682$42,405,875
88$63,602,804$7,736,400$3,688,703$46,520,133
89$70,012,954$8,038,147$3,734,938$51,047,438
90$77,074,502$8,352,244$3,780,286$56,029,701
91$84,853,816$8,679,218$3,824,640$61,513,103
92$93,424,027$9,019,622$3,867,888$67,548,529
93$102,865,727$9,374,033$3,909,911$74,192,043
94$113,267,722$9,743,051$3,950,584$81,505,420
95$124,727,876$10,127,307$3,989,774$89,556,728
96$137,354,031$10,527,457$4,027,344$98,420,968
97$151,265,027$10,944,187$4,063,145$108,180,782
98$166,591,823$11,378,215$4,097,023$118,927,230
99$183,478,731$11,830,290$4,128,816$130,760,651
100$202,084,782$12,301,195$4,158,352$143,791,609