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

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 $1,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$155,249$153,866$152,517$151,200$149,914$144,422
2 years$76,856$75,424$74,037$72,692$71,388$65,916
3 years$50,728$49,291$47,907$46,575$45,291$40,012
4 years$37,667$36,234$34,864$33,554$32,302$27,255
5 years$29,832$28,408$27,056$25,773$24,556$19,754
6 years$24,611$23,197$21,865$20,611$19,430$14,878
7 years$20,883$19,481$18,170$16,945$15,802$11,497
8 years$18,088$16,699$15,410$14,215$13,109$9,049
9 years$15,915$14,539$13,272$12,108$11,040$7,218
10 years$14,178$12,816$11,571$10,437$9,406$5,816
11 years$12,758$11,409$10,187$9,084$8,090$4,724
12 years$11,575$10,240$9,041$7,967$7,010$3,860
13 years$10,575$9,254$8,077$7,034$6,113$3,170
14 years$9,719$8,412$7,257$6,244$5,359$2,613
15 years$8,977$7,684$6,553$5,569$4,718$2,161
16 years$8,329$7,050$5,941$4,986$4,170$1,792
17 years$7,758$6,493$5,406$4,480$3,697$1,489
18 years$7,250$6,000$4,935$4,037$3,288$1,240
19 years$6,797$5,560$4,518$3,648$2,930$1,034
20 years$6,390$5,167$4,146$3,304$2,617$863
21 years$6,021$4,813$3,814$2,999$2,342$721
22 years$5,687$4,493$3,515$2,726$2,100$603
23 years$5,382$4,202$3,245$2,483$1,885$504
24 years$5,103$3,937$3,001$2,265$1,694$422
25 years$4,847$3,695$2,780$2,068$1,524$354
26 years$4,611$3,472$2,578$1,891$1,373$296
27 years$4,392$3,268$2,394$1,731$1,238$248
28 years$4,190$3,079$2,226$1,586$1,117$208
29 years$4,002$2,905$2,071$1,454$1,009$175
30 years$3,827$2,743$1,929$1,335$911$146
31 years$3,663$2,593$1,799$1,226$824$123
32 years$3,510$2,454$1,678$1,127$745$103
33 years$3,367$2,324$1,567$1,036$675$86
34 years$3,232$2,203$1,464$953$611$73
35 years$3,105$2,089$1,369$877$553$61
36 years$2,986$1,983$1,280$808$501$51
37 years$2,873$1,883$1,198$745$454$43
38 years$2,767$1,790$1,122$686$412$36
39 years$2,666$1,702$1,051$633$373$30
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$18
43 years$2,312$1,399$813$459$253$15
44 years$2,234$1,333$764$424$230$13
45 years$2,159$1,271$717$391$209$11
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 $6,335 every year, while hoping to spend $46,165 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: 81/7/12 Blend
50$1,880,000$1,880,000$1,880,000$1,880,000
51$2,078,295$1,978,655$1,949,515$2,241,610
52$2,241,161$2,026,489$1,965,704$2,397,521
53$2,419,093$2,075,121$1,980,889$2,561,941
54$2,613,578$2,124,539$1,994,986$2,741,063
55$2,826,255$2,174,733$2,007,909$2,936,339
56$3,058,926$2,225,688$2,019,567$3,149,366
57$3,313,578$2,277,388$2,029,865$3,381,905
58$3,592,398$2,329,815$2,038,700$3,635,893
59$3,897,793$2,382,947$2,045,967$3,913,466
60$4,232,417$2,436,760$2,051,556$4,216,975
61$4,599,189$2,491,227$2,055,349$4,549,012
62$5,001,326$2,546,318$2,057,223$4,912,430
63$5,442,372$2,601,998$2,057,050$5,310,373
64$5,926,228$2,658,229$2,054,696$5,746,306
65$6,457,192$2,714,972$2,050,017$6,224,044
66$7,040,000$2,772,179$2,042,866$6,747,792
67$7,679,865$2,829,801$2,033,087$7,322,181
68$8,382,532$2,887,782$2,020,517$7,952,317
69$9,154,330$2,946,064$2,004,984$8,643,822
70$10,002,231$3,004,579$1,986,310$9,402,891
71$10,933,913$3,063,258$1,964,305$10,236,352
72$11,957,837$3,122,023$1,938,775$11,151,728
73$13,083,324$3,180,790$1,909,512$12,157,306
74$14,320,644$3,239,470$1,876,301$13,262,219
75$15,681,109$3,297,963$1,838,917$14,476,532
76$17,177,184$3,356,165$1,797,122$15,811,333
77$18,822,602$3,413,962$1,750,671$17,278,843
78$20,632,492$3,471,231$1,699,303$18,892,524
79$22,623,526$3,527,841$1,642,750$20,667,216
80$24,814,071$3,583,650$1,580,727$22,619,268
81$27,224,364$3,638,507$1,512,939$24,766,697
82$29,876,703$3,692,248$1,439,077$27,129,357
83$32,795,658$3,744,700$1,358,817$29,729,126
84$36,008,300$3,795,675$1,271,822$32,590,112
85$39,544,457$3,844,973$1,177,738$35,738,884
86$43,436,996$3,892,381$1,076,197$39,204,718
87$47,722,133$3,937,671$966,813$43,019,877
88$52,439,772$3,980,599$849,183$47,219,913
89$57,633,885$4,020,904$722,887$51,844,004
90$63,352,923$4,058,311$587,485$56,935,325
91$69,650,276$4,092,522$442,520$62,541,454
92$76,584,771$4,123,223$287,512$68,714,821
93$84,221,236$4,150,079$121,962$75,513,204
94$92,631,101$4,172,732$0$83,000,275
95$101,893,081$4,190,804$0$91,253,205
96$112,093,912$4,203,889$0$100,359,432
97$123,329,171$4,211,560$0$110,388,606
98$135,704,179$4,213,359$0$121,434,706
99$149,334,994$4,208,802$0$133,601,291
100$164,349,506$4,197,376$0$147,002,480