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%12.2%
1 years$155,249$153,866$152,517$151,200$149,914$148,534
2 years$76,856$75,424$74,037$72,692$71,388$69,997
3 years$50,728$49,291$47,907$46,575$45,291$43,933
4 years$37,667$36,234$34,864$33,554$32,302$30,987
5 years$29,832$28,408$27,056$25,773$24,556$23,288
6 years$24,611$23,197$21,865$20,611$19,430$18,211
7 years$20,883$19,481$18,170$16,945$15,802$14,632
8 years$18,088$16,699$15,410$14,215$13,109$11,988
9 years$15,915$14,539$13,272$12,108$11,040$9,968
10 years$14,178$12,816$11,571$10,437$9,406$8,383
11 years$12,758$11,409$10,187$9,084$8,090$7,113
12 years$11,575$10,240$9,041$7,967$7,010$6,080
13 years$10,575$9,254$8,077$7,034$6,113$5,228
14 years$9,719$8,412$7,257$6,244$5,359$4,518
15 years$8,977$7,684$6,553$5,569$4,718$3,921
16 years$8,329$7,050$5,941$4,986$4,170$3,414
17 years$7,758$6,493$5,406$4,480$3,697$2,982
18 years$7,250$6,000$4,935$4,037$3,288$2,611
19 years$6,797$5,560$4,518$3,648$2,930$2,291
20 years$6,390$5,167$4,146$3,304$2,617$2,014
21 years$6,021$4,813$3,814$2,999$2,342$1,774
22 years$5,687$4,493$3,515$2,726$2,100$1,564
23 years$5,382$4,202$3,245$2,483$1,885$1,381
24 years$5,103$3,937$3,001$2,265$1,694$1,221
25 years$4,847$3,695$2,780$2,068$1,524$1,080
26 years$4,611$3,472$2,578$1,891$1,373$957
27 years$4,392$3,268$2,394$1,731$1,238$848
28 years$4,190$3,079$2,226$1,586$1,117$752
29 years$4,002$2,905$2,071$1,454$1,009$667
30 years$3,827$2,743$1,929$1,335$911$592
31 years$3,663$2,593$1,799$1,226$824$526
32 years$3,510$2,454$1,678$1,127$745$467
33 years$3,367$2,324$1,567$1,036$675$415
34 years$3,232$2,203$1,464$953$611$369
35 years$3,105$2,089$1,369$877$553$328
36 years$2,986$1,983$1,280$808$501$292
37 years$2,873$1,883$1,198$745$454$260
38 years$2,767$1,790$1,122$686$412$231
39 years$2,666$1,702$1,051$633$373$206
40 years$2,570$1,619$985$584$339$183
41 years$2,480$1,541$924$538$307$163
42 years$2,394$1,468$867$497$279$145
43 years$2,312$1,399$813$459$253$129
44 years$2,234$1,333$764$424$230$115
45 years$2,159$1,271$717$391$209$103
46 years$2,089$1,213$673$361$189$91
47 years$2,021$1,157$633$334$172$81
48 years$1,956$1,105$594$308$156$72
49 years$1,895$1,055$559$285$142$65
50 years$1,836$1,008$525$264$129$58

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 $3,098 every year, while hoping to spend $24,118 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: 58/36/6 Blend
50$1,880,000$1,880,000$1,880,000$1,880,000
51$2,074,956$1,975,316$1,946,176$2,192,617
52$2,260,940$2,046,445$1,985,711$2,343,078
53$2,465,086$2,120,251$2,025,763$2,503,979
54$2,689,221$2,196,840$2,066,322$2,678,741
55$2,935,358$2,276,321$2,107,381$2,868,692
56$3,205,714$2,358,810$2,148,927$3,075,290
57$3,502,731$2,444,426$2,190,950$3,300,141
58$3,829,100$2,533,293$2,233,437$3,545,012
59$4,187,785$2,625,541$2,276,374$3,811,844
60$4,582,051$2,721,305$2,319,745$4,102,777
61$5,015,496$2,820,725$2,363,533$4,420,160
62$5,492,085$2,923,949$2,407,719$4,766,581
63$6,016,183$3,031,128$2,452,283$5,144,889
64$6,592,602$3,142,421$2,497,203$5,558,217
65$7,226,643$3,257,996$2,542,455$6,010,015
66$7,924,147$3,378,023$2,588,013$6,504,079
67$8,691,548$3,502,685$2,633,850$7,044,589
68$9,535,937$3,632,167$2,679,935$7,636,145
69$10,465,126$3,766,667$2,726,236$8,283,814
70$11,487,722$3,906,387$2,772,718$8,993,171
71$12,613,211$4,051,541$2,819,346$9,770,357
72$13,852,042$4,202,351$2,866,078$10,622,133
73$15,215,732$4,359,047$2,912,872$11,555,944
74$16,716,967$4,521,871$2,959,684$12,579,987
75$18,369,729$4,691,073$3,006,465$13,703,291
76$20,189,423$4,866,918$3,053,163$14,935,798
77$22,193,024$5,049,677$3,099,724$16,288,458
78$24,399,237$5,239,636$3,146,089$17,773,331
79$26,828,674$5,437,092$3,192,198$19,403,699
80$29,504,045$5,642,357$3,237,983$21,194,192
81$32,450,378$5,855,753$3,283,376$23,160,924
82$35,695,251$6,077,618$3,328,303$25,321,644
83$39,269,050$6,308,306$3,372,685$27,695,904
84$43,205,263$6,548,183$3,416,440$30,305,241
85$47,540,789$6,797,633$3,459,480$33,173,379
86$52,316,289$7,057,056$3,501,712$36,326,453
87$57,576,570$7,326,872$3,543,039$39,793,252
88$63,371,006$7,607,514$3,583,357$43,605,495
89$69,754,006$7,899,440$3,622,556$47,798,121
90$76,785,525$8,203,123$3,660,523$52,409,625
91$84,531,633$8,519,060$3,697,134$57,482,414
92$93,065,134$8,847,768$3,732,263$63,063,212
93$102,466,257$9,189,788$3,765,773$69,203,493
94$112,823,412$9,545,684$3,797,523$75,959,969
95$124,234,023$9,916,046$3,827,363$83,395,123
96$136,805,449$10,301,488$3,855,135$91,577,797
97$150,655,996$10,702,652$3,880,674$100,583,842
98$165,916,036$11,120,210$3,903,804$110,496,827
99$182,729,233$11,554,862$3,924,343$121,408,831
100$201,253,903$12,007,339$3,942,097$133,421,307