Can I retire at age 51 with 1,880,000?

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$155,249$153,866$152,517$151,200$149,914$144,365
2 years$76,856$75,424$74,037$72,692$71,388$65,860
3 years$50,728$49,291$47,907$46,575$45,291$39,959
4 years$37,667$36,234$34,864$33,554$32,302$27,205
5 years$29,832$28,408$27,056$25,773$24,556$19,708
6 years$24,611$23,197$21,865$20,611$19,430$14,834
7 years$20,883$19,481$18,170$16,945$15,802$11,457
8 years$18,088$16,699$15,410$14,215$13,109$9,012
9 years$15,915$14,539$13,272$12,108$11,040$7,184
10 years$14,178$12,816$11,571$10,437$9,406$5,785
11 years$12,758$11,409$10,187$9,084$8,090$4,696
12 years$11,575$10,240$9,041$7,967$7,010$3,835
13 years$10,575$9,254$8,077$7,034$6,113$3,147
14 years$9,719$8,412$7,257$6,244$5,359$2,593
15 years$8,977$7,684$6,553$5,569$4,718$2,143
16 years$8,329$7,050$5,941$4,986$4,170$1,775
17 years$7,758$6,493$5,406$4,480$3,697$1,474
18 years$7,250$6,000$4,935$4,037$3,288$1,226
19 years$6,797$5,560$4,518$3,648$2,930$1,021
20 years$6,390$5,167$4,146$3,304$2,617$852
21 years$6,021$4,813$3,814$2,999$2,342$711
22 years$5,687$4,493$3,515$2,726$2,100$594
23 years$5,382$4,202$3,245$2,483$1,885$497
24 years$5,103$3,937$3,001$2,265$1,694$416
25 years$4,847$3,695$2,780$2,068$1,524$348
26 years$4,611$3,472$2,578$1,891$1,373$291
27 years$4,392$3,268$2,394$1,731$1,238$244
28 years$4,190$3,079$2,226$1,586$1,117$204
29 years$4,002$2,905$2,071$1,454$1,009$171
30 years$3,827$2,743$1,929$1,335$911$143
31 years$3,663$2,593$1,799$1,226$824$120
32 years$3,510$2,454$1,678$1,127$745$101
33 years$3,367$2,324$1,567$1,036$675$85
34 years$3,232$2,203$1,464$953$611$71
35 years$3,105$2,089$1,369$877$553$59
36 years$2,986$1,983$1,280$808$501$50
37 years$2,873$1,883$1,198$745$454$42
38 years$2,767$1,790$1,122$686$412$35
39 years$2,666$1,702$1,051$633$373$29
40 years$2,570$1,619$985$584$339$25
41 years$2,480$1,541$924$538$307$21
42 years$2,394$1,468$867$497$279$17
43 years$2,312$1,399$813$459$253$15
44 years$2,234$1,333$764$424$230$12
45 years$2,159$1,271$717$391$209$10
46 years$2,089$1,213$673$361$189$9
47 years$2,021$1,157$633$334$172$7
48 years$1,956$1,105$594$308$156$6
49 years$1,895$1,055$559$285$142$5
50 years$1,836$1,008$525$264$129$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,880,000, adding $3,431 every year, while hoping to spend $27,419 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: 54/20/26 Blend
50$1,880,000$1,880,000$1,880,000$1,880,000
51$2,075,299$1,975,659$1,946,519$2,172,251
52$2,257,806$2,043,293$1,982,554$2,307,137
53$2,458,010$2,113,322$2,018,877$2,450,794
54$2,677,686$2,185,834$2,055,469$2,606,635
55$2,918,792$2,260,921$2,092,309$2,775,836
56$3,183,482$2,338,680$2,129,374$2,959,696
57$3,474,130$2,419,208$2,166,641$3,159,640
58$3,793,351$2,502,609$2,204,083$3,377,240
59$4,144,025$2,588,989$2,241,673$3,614,224
60$4,529,327$2,678,461$2,279,380$3,872,496
61$4,952,751$2,771,139$2,317,172$4,154,154
62$5,418,150$2,867,143$2,355,016$4,461,503
63$5,929,767$2,966,598$2,392,874$4,797,087
64$6,492,276$3,069,634$2,430,708$5,163,703
65$7,110,827$3,176,385$2,468,476$5,564,434
66$7,791,096$3,286,992$2,506,134$6,002,674
67$8,539,333$3,401,600$2,543,635$6,482,161
68$9,362,427$3,520,361$2,580,929$7,007,013
69$10,267,967$3,643,431$2,617,963$7,581,764
70$11,264,316$3,770,975$2,654,680$8,211,411
71$12,360,686$3,903,163$2,691,022$8,901,455
72$13,567,229$4,040,171$2,726,924$9,657,958
73$14,895,130$4,182,184$2,762,321$10,487,597
74$16,356,715$4,329,392$2,797,140$11,397,728
75$17,965,564$4,481,996$2,831,308$12,396,453
76$19,736,640$4,640,202$2,864,745$13,492,699
77$21,686,431$4,804,226$2,897,368$14,696,301
78$23,833,105$4,974,291$2,929,088$16,018,094
79$26,196,682$5,150,632$2,959,812$17,470,015
80$28,799,220$5,333,489$2,989,443$19,065,215
81$31,665,028$5,523,117$3,017,876$20,818,186
82$34,820,889$5,719,778$3,045,003$22,744,890
83$38,296,317$5,923,745$3,070,709$24,862,919
84$42,123,836$6,135,303$3,094,872$27,191,654
85$46,339,282$6,354,748$3,117,365$29,752,448
86$50,982,147$6,582,389$3,138,055$32,568,831
87$56,095,946$6,818,546$3,156,800$35,666,727
88$61,728,632$7,063,554$3,173,452$39,074,703
89$67,933,044$7,317,760$3,187,855$42,824,234
90$74,767,412$7,581,528$3,199,845$46,950,003
91$82,295,899$7,855,234$3,209,251$51,490,226
92$90,589,211$8,139,271$3,215,891$56,487,012
93$99,725,264$8,434,048$3,219,577$61,986,763
94$109,789,917$8,739,992$3,220,108$68,040,607
95$120,877,783$9,057,547$3,217,277$74,704,886
96$133,093,125$9,387,175$3,210,864$82,041,681
97$146,550,835$9,729,357$3,200,638$90,119,401
98$161,377,520$10,084,596$3,186,360$99,013,431
99$177,712,701$10,453,414$3,167,776$108,806,836
100$195,710,121$10,836,357$3,144,622$119,591,152