Can I retire at age 51 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$156,074$154,684$153,328$152,004$150,711$146,004
2 years$77,265$75,826$74,431$73,079$71,767$67,067
3 years$50,998$49,553$48,162$46,822$45,532$40,985
4 years$37,867$36,427$35,049$33,733$32,474$28,116
5 years$29,991$28,559$27,200$25,910$24,686$20,529
6 years$24,742$23,320$21,981$20,720$19,533$15,581
7 years$20,994$19,585$18,267$17,035$15,886$12,137
8 years$18,184$16,788$15,492$14,291$13,179$9,632
9 years$16,000$14,617$13,343$12,172$11,098$7,749
10 years$14,254$12,884$11,633$10,493$9,456$6,300
11 years$12,826$11,470$10,241$9,132$8,133$5,163
12 years$11,637$10,295$9,089$8,010$7,048$4,259
13 years$10,632$9,303$8,120$7,071$6,146$3,531
14 years$9,771$8,456$7,296$6,277$5,387$2,939
15 years$9,025$7,725$6,587$5,598$4,743$2,455
16 years$8,373$7,088$5,972$5,013$4,192$2,057
17 years$7,799$6,527$5,435$4,504$3,717$1,727
18 years$7,289$6,032$4,961$4,059$3,305$1,452
19 years$6,833$5,590$4,542$3,667$2,946$1,224
20 years$6,424$5,195$4,168$3,322$2,631$1,032
21 years$6,053$4,839$3,834$3,015$2,355$872
22 years$5,717$4,517$3,534$2,741$2,111$737
23 years$5,411$4,224$3,263$2,496$1,895$623
24 years$5,130$3,958$3,017$2,277$1,703$528
25 years$4,873$3,714$2,795$2,079$1,532$447
26 years$4,635$3,491$2,592$1,901$1,380$379
27 years$4,416$3,285$2,407$1,740$1,245$321
28 years$4,212$3,096$2,237$1,594$1,123$272
29 years$4,023$2,920$2,082$1,462$1,014$231
30 years$3,847$2,758$1,939$1,342$916$196
31 years$3,683$2,607$1,808$1,232$828$166
32 years$3,529$2,467$1,687$1,133$749$141
33 years$3,385$2,336$1,575$1,041$678$120
34 years$3,249$2,214$1,472$958$614$102
35 years$3,122$2,100$1,376$882$556$86
36 years$3,002$1,993$1,287$812$504$73
37 years$2,888$1,893$1,205$749$457$62
38 years$2,781$1,799$1,128$690$414$53
39 years$2,680$1,711$1,057$636$375$45
40 years$2,584$1,628$991$587$341$38
41 years$2,493$1,550$929$541$309$32
42 years$2,406$1,476$871$500$280$28
43 years$2,324$1,406$818$461$254$23
44 years$2,246$1,340$768$426$231$20
45 years$2,171$1,278$721$393$210$17
46 years$2,100$1,219$677$363$190$14
47 years$2,032$1,164$636$336$173$12
48 years$1,967$1,111$598$310$157$10
49 years$1,905$1,061$562$287$143$9
50 years$1,845$1,013$528$265$129$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,890,000, adding $5,294 every year, while hoping to spend $50,012 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: 48/41/11 Blend
50$1,890,000$1,890,000$1,890,000$1,890,000
51$2,088,241$1,988,071$1,958,776$2,181,931
52$2,248,029$2,032,274$1,971,182$2,291,142
53$2,422,439$2,076,967$1,982,328$2,404,009
54$2,612,911$2,122,121$1,992,119$2,525,420
55$2,821,026$2,167,703$2,000,454$2,656,187
56$3,048,530$2,213,680$2,007,228$2,797,206
57$3,297,342$2,260,012$2,012,332$2,949,463
58$3,569,576$2,306,657$2,015,650$3,114,044
59$3,867,558$2,353,569$2,017,060$3,292,148
60$4,193,852$2,400,697$2,016,434$3,485,094
61$4,551,279$2,447,985$2,013,639$3,694,336
62$4,942,948$2,495,375$2,008,535$3,921,476
63$5,372,282$2,542,802$2,000,973$4,168,281
64$5,843,050$2,590,194$1,990,801$4,436,696
65$6,359,404$2,637,477$1,977,857$4,728,868
66$6,925,919$2,684,569$1,961,970$5,047,161
67$7,547,630$2,731,380$1,942,963$5,394,182
68$8,230,086$2,777,816$1,920,650$5,772,803
69$8,979,400$2,823,774$1,894,837$6,186,192
70$9,802,304$2,869,144$1,865,319$6,637,839
71$10,706,215$2,913,807$1,831,884$7,131,593
72$11,699,303$2,957,638$1,794,306$7,671,696
73$12,790,569$3,000,500$1,752,352$8,262,824
74$13,989,929$3,042,247$1,705,779$8,910,132
75$15,308,308$3,082,723$1,654,329$9,619,302
76$16,757,741$3,121,762$1,597,734$10,396,599
77$18,351,488$3,159,185$1,535,715$11,248,929
78$20,104,157$3,194,803$1,467,979$12,183,904
79$22,031,844$3,228,411$1,394,220$13,209,916
80$24,152,283$3,259,794$1,314,117$14,336,215
81$26,485,012$3,288,720$1,227,336$15,573,001
82$29,051,559$3,314,944$1,133,527$16,931,516
83$31,875,644$3,338,202$1,032,326$18,424,151
84$34,983,402$3,358,215$923,351$20,064,568
85$38,403,628$3,374,687$806,203$21,867,826
86$42,168,053$3,387,302$680,466$23,850,527
87$46,311,639$3,395,724$545,705$26,030,970
88$50,872,906$3,399,595$401,467$28,429,326
89$55,894,304$3,398,536$247,277$31,067,833
90$61,422,604$3,392,145$82,642$33,971,001
91$67,509,343$3,379,994$0$37,165,850
92$74,211,311$3,361,629$0$40,693,084
93$81,591,085$3,336,568$0$44,585,673
94$89,717,617$3,304,302$0$48,870,162
95$98,666,889$3,264,288$0$53,586,506
96$108,522,626$3,215,953$0$58,778,748
97$119,377,088$3,158,688$0$64,495,426
98$131,331,937$3,091,849$0$70,790,040
99$144,499,199$3,014,755$0$77,721,552
100$159,002,322$2,926,682$0$85,354,949