Can I retire at age 51 with 1,940,000?

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 $1,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$160,203$158,776$157,384$156,025$154,698$149,686
2 years$79,309$77,832$76,400$75,012$73,666$68,663
3 years$52,347$50,864$49,436$48,061$46,737$41,901
4 years$38,869$37,390$35,977$34,625$33,333$28,701
5 years$30,784$29,314$27,919$26,596$25,339$20,923
6 years$25,396$23,937$22,563$21,269$20,050$15,853
7 years$21,549$20,103$18,750$17,486$16,306$12,328
8 years$18,665$17,232$15,901$14,669$13,527$9,766
9 years$16,423$15,003$13,696$12,494$11,392$7,843
10 years$14,631$13,225$11,940$10,770$9,707$6,364
11 years$13,165$11,773$10,512$9,373$8,348$5,206
12 years$11,945$10,567$9,329$8,222$7,234$4,285
13 years$10,913$9,549$8,335$7,259$6,308$3,546
14 years$10,029$8,680$7,489$6,443$5,530$2,946
15 years$9,264$7,929$6,762$5,746$4,869$2,455
16 years$8,595$7,275$6,130$5,145$4,303$2,052
17 years$8,005$6,700$5,578$4,623$3,816$1,719
18 years$7,482$6,191$5,092$4,166$3,393$1,443
19 years$7,014$5,738$4,662$3,765$3,024$1,213
20 years$6,593$5,332$4,278$3,409$2,701$1,021
21 years$6,213$4,967$3,935$3,094$2,417$860
22 years$5,868$4,636$3,627$2,813$2,167$725
23 years$5,554$4,336$3,349$2,562$1,945$612
24 years$5,266$4,063$3,097$2,337$1,748$517
25 years$5,002$3,813$2,869$2,134$1,573$437
26 years$4,758$3,583$2,660$1,951$1,417$369
27 years$4,533$3,372$2,470$1,786$1,277$312
28 years$4,324$3,178$2,297$1,637$1,153$264
29 years$4,130$2,998$2,137$1,501$1,041$224
30 years$3,949$2,831$1,991$1,377$940$189
31 years$3,780$2,676$1,856$1,265$850$160
32 years$3,622$2,532$1,732$1,163$769$136
33 years$3,474$2,398$1,617$1,069$696$115
34 years$3,335$2,273$1,511$984$630$97
35 years$3,204$2,156$1,412$905$571$82
36 years$3,081$2,046$1,321$834$517$70
37 years$2,965$1,943$1,237$768$469$59
38 years$2,855$1,847$1,158$708$425$50
39 years$2,751$1,756$1,085$653$385$42
40 years$2,652$1,671$1,017$602$350$36
41 years$2,559$1,591$954$556$317$30
42 years$2,470$1,515$894$513$288$26
43 years$2,385$1,443$839$473$261$22
44 years$2,305$1,376$788$437$237$19
45 years$2,228$1,312$740$404$215$16
46 years$2,155$1,251$695$373$195$13
47 years$2,086$1,194$653$345$177$11
48 years$2,019$1,140$613$318$161$10
49 years$1,955$1,089$577$294$146$8
50 years$1,894$1,040$542$272$133$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,940,000, adding $5,135 every year, while hoping to spend $49,412 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: 59/32/9 Blend
50$1,940,000$1,940,000$1,940,000$1,940,000
51$2,143,177$2,040,357$2,010,287$2,264,927
52$2,309,207$2,087,760$2,025,057$2,394,727
53$2,490,516$2,135,830$2,038,667$2,530,143
54$2,688,610$2,184,548$2,051,024$2,676,578
55$2,905,148$2,233,890$2,062,033$2,835,092
56$3,141,955$2,283,833$2,071,593$3,006,857
57$3,401,042$2,334,348$2,079,598$3,193,160
58$3,684,621$2,385,404$2,085,938$3,395,418
59$3,995,131$2,436,968$2,090,496$3,615,196
60$4,335,256$2,489,000$2,093,149$3,854,213
61$4,707,950$2,541,460$2,093,768$4,114,366
62$5,116,471$2,594,301$2,092,218$4,397,744
63$5,564,402$2,647,472$2,088,358$4,706,648
64$6,055,692$2,700,920$2,082,040$5,043,612
65$6,594,692$2,754,584$2,073,107$5,411,431
66$7,186,190$2,808,399$2,061,396$5,813,183
67$7,835,466$2,862,294$2,046,737$6,252,258
68$8,548,330$2,916,193$2,028,949$6,732,395
69$9,331,186$2,970,014$2,007,846$7,257,710
70$10,191,088$3,023,665$1,983,230$7,832,743
71$11,135,806$3,077,051$1,954,894$8,462,493
72$12,173,899$3,130,068$1,922,625$9,152,471
73$13,314,799$3,182,603$1,886,194$9,908,750
74$14,568,894$3,234,536$1,845,367$10,738,023
75$15,947,630$3,285,738$1,799,896$11,647,666
76$17,463,618$3,336,068$1,749,522$12,645,807
77$19,130,750$3,385,379$1,693,974$13,741,404
78$20,964,334$3,433,509$1,632,970$14,944,329
79$22,981,234$3,480,290$1,566,212$16,265,464
80$25,200,031$3,525,536$1,493,392$17,716,798
81$27,641,200$3,569,052$1,414,186$19,311,549
82$30,327,297$3,610,631$1,328,256$21,064,281
83$33,283,177$3,650,047$1,235,248$22,991,046
84$36,536,225$3,687,063$1,134,793$25,109,536
85$40,116,616$3,721,426$1,026,505$27,439,250
86$44,057,599$3,752,863$909,981$30,001,676
87$48,395,808$3,781,087$784,799$32,820,498
88$53,171,610$3,805,791$650,520$35,921,819
89$58,429,487$3,826,647$506,685$39,334,406
90$64,218,450$3,843,308$352,814$43,089,966
91$70,592,505$3,855,404$188,407$47,223,442
92$77,611,164$3,862,541$12,941$51,773,345
93$85,339,999$3,864,302$0$56,782,122
94$93,851,269$3,860,243$0$62,313,289
95$103,224,596$3,849,893$0$68,404,079
96$113,547,718$3,832,751$0$75,110,123
97$124,917,316$3,808,287$0$82,494,105
98$137,439,927$3,775,937$0$90,625,102
99$151,232,947$3,735,106$0$99,579,244
100$166,425,741$3,685,159$0$109,440,428