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%14.9%
1 years$155,249$153,866$152,517$151,200$149,914$146,887
2 years$76,856$75,424$74,037$72,692$71,388$68,351
3 years$50,728$49,291$47,907$46,575$45,291$42,340
4 years$37,667$36,234$34,864$33,554$32,302$29,459
5 years$29,832$28,408$27,056$25,773$24,556$21,829
6 years$24,611$23,197$21,865$20,611$19,430$16,822
7 years$20,883$19,481$18,170$16,945$15,802$13,314
8 years$18,088$16,699$15,410$14,215$13,109$10,740
9 years$15,915$14,539$13,272$12,108$11,040$8,788
10 years$14,178$12,816$11,571$10,437$9,406$7,270
11 years$12,758$11,409$10,187$9,084$8,090$6,066
12 years$11,575$10,240$9,041$7,967$7,010$5,096
13 years$10,575$9,254$8,077$7,034$6,113$4,305
14 years$9,719$8,412$7,257$6,244$5,359$3,654
15 years$8,977$7,684$6,553$5,569$4,718$3,113
16 years$8,329$7,050$5,941$4,986$4,170$2,660
17 years$7,758$6,493$5,406$4,480$3,697$2,279
18 years$7,250$6,000$4,935$4,037$3,288$1,957
19 years$6,797$5,560$4,518$3,648$2,930$1,684
20 years$6,390$5,167$4,146$3,304$2,617$1,451
21 years$6,021$4,813$3,814$2,999$2,342$1,252
22 years$5,687$4,493$3,515$2,726$2,100$1,082
23 years$5,382$4,202$3,245$2,483$1,885$935
24 years$5,103$3,937$3,001$2,265$1,694$810
25 years$4,847$3,695$2,780$2,068$1,524$701
26 years$4,611$3,472$2,578$1,891$1,373$608
27 years$4,392$3,268$2,394$1,731$1,238$527
28 years$4,190$3,079$2,226$1,586$1,117$457
29 years$4,002$2,905$2,071$1,454$1,009$397
30 years$3,827$2,743$1,929$1,335$911$345
31 years$3,663$2,593$1,799$1,226$824$299
32 years$3,510$2,454$1,678$1,127$745$260
33 years$3,367$2,324$1,567$1,036$675$226
34 years$3,232$2,203$1,464$953$611$196
35 years$3,105$2,089$1,369$877$553$171
36 years$2,986$1,983$1,280$808$501$148
37 years$2,873$1,883$1,198$745$454$129
38 years$2,767$1,790$1,122$686$412$112
39 years$2,666$1,702$1,051$633$373$98
40 years$2,570$1,619$985$584$339$85
41 years$2,480$1,541$924$538$307$74
42 years$2,394$1,468$867$497$279$64
43 years$2,312$1,399$813$459$253$56
44 years$2,234$1,333$764$424$230$49
45 years$2,159$1,271$717$391$209$42
46 years$2,089$1,213$673$361$189$37
47 years$2,021$1,157$633$334$172$32
48 years$1,956$1,105$594$308$156$28
49 years$1,895$1,055$559$285$142$24
50 years$1,836$1,008$525$264$129$21

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 $5,142 every year, while hoping to spend $43,106 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: 26/49/25 Blend
50$1,880,000$1,880,000$1,880,000$1,880,000
51$2,077,064$1,977,424$1,948,284$2,114,612
52$2,243,060$2,028,453$1,967,687$2,196,430
53$2,424,543$2,080,538$1,986,295$2,280,093
54$2,623,047$2,133,685$2,004,037$2,368,959
55$2,840,261$2,187,899$2,020,835$2,463,492
56$3,078,046$2,243,184$2,036,611$2,564,209
57$3,338,448$2,299,542$2,051,280$2,671,674
58$3,623,725$2,356,975$2,064,753$2,786,513
59$3,936,360$2,415,482$2,076,937$2,909,413
60$4,279,089$2,475,060$2,087,735$3,041,131
61$4,654,924$2,535,707$2,097,042$3,182,502
62$5,067,185$2,597,415$2,104,751$3,334,446
63$5,519,527$2,660,177$2,110,749$3,497,977
64$6,015,975$2,723,982$2,114,915$3,674,212
65$6,560,964$2,788,817$2,117,125$3,864,383
66$7,159,381$2,854,667$2,117,247$4,069,847
67$7,816,605$2,921,513$2,115,142$4,292,103
68$8,538,566$2,989,335$2,110,667$4,532,799
69$9,331,794$3,058,106$2,103,669$4,793,755
70$10,203,484$3,127,800$2,093,988$5,076,978
71$11,161,561$3,198,384$2,081,458$5,384,679
72$12,214,757$3,269,822$2,065,904$5,719,295
73$13,372,693$3,342,074$2,047,143$6,083,516
74$14,645,968$3,415,096$2,024,982$6,480,306
75$16,046,258$3,488,837$1,999,221$6,912,933
76$17,586,430$3,563,243$1,969,648$7,385,001
77$19,280,657$3,638,254$1,936,043$7,900,484
78$21,144,559$3,713,804$1,898,176$8,463,764
79$23,195,344$3,789,819$1,855,804$9,079,670
80$25,451,970$3,866,222$1,808,674$9,753,530
81$27,935,329$3,942,925$1,756,523$10,491,216
82$30,668,440$4,019,836$1,699,074$11,299,206
83$33,676,665$4,096,851$1,636,037$12,184,638
84$36,987,950$4,173,862$1,567,109$13,155,385
85$40,633,089$4,250,749$1,491,975$14,220,127
86$44,646,011$4,327,383$1,410,304$15,388,435
87$49,064,104$4,403,625$1,321,749$16,670,861
88$53,928,565$4,479,325$1,225,950$18,079,037
89$59,284,789$4,554,322$1,122,529$19,625,789
90$65,182,796$4,628,442$1,011,093$21,325,261
91$71,677,705$4,701,500$891,228$23,193,041
92$78,830,252$4,773,294$762,505$25,246,318
93$86,707,363$4,843,612$624,475$27,504,043
94$95,382,788$4,912,222$476,668$29,987,105
95$104,937,790$4,978,879$318,595$32,718,538
96$115,461,921$5,043,320$149,744$35,723,732
97$127,053,858$5,105,264$0$39,030,677
98$139,822,339$5,164,410$0$42,678,354
99$153,887,189$5,220,437$0$46,735,813
100$169,380,447$5,273,003$0$51,200,722