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%13.9%
1 years$160,203$158,776$157,384$156,025$154,698$152,198
2 years$79,309$77,832$76,400$75,012$73,666$71,154
3 years$52,347$50,864$49,436$48,061$46,737$44,291
4 years$38,869$37,390$35,977$34,625$33,333$30,973
5 years$30,784$29,314$27,919$26,596$25,339$23,071
6 years$25,396$23,937$22,563$21,269$20,050$17,876
7 years$21,549$20,103$18,750$17,486$16,306$14,228
8 years$18,665$17,232$15,901$14,669$13,527$11,544
9 years$16,423$15,003$13,696$12,494$11,392$9,502
10 years$14,631$13,225$11,940$10,770$9,707$7,909
11 years$13,165$11,773$10,512$9,373$8,348$6,641
12 years$11,945$10,567$9,329$8,222$7,234$5,615
13 years$10,913$9,549$8,335$7,259$6,308$4,775
14 years$10,029$8,680$7,489$6,443$5,530$4,080
15 years$9,264$7,929$6,762$5,746$4,869$3,500
16 years$8,595$7,275$6,130$5,145$4,303$3,012
17 years$8,005$6,700$5,578$4,623$3,816$2,599
18 years$7,482$6,191$5,092$4,166$3,393$2,248
19 years$7,014$5,738$4,662$3,765$3,024$1,949
20 years$6,593$5,332$4,278$3,409$2,701$1,692
21 years$6,213$4,967$3,935$3,094$2,417$1,471
22 years$5,868$4,636$3,627$2,813$2,167$1,281
23 years$5,554$4,336$3,349$2,562$1,945$1,116
24 years$5,266$4,063$3,097$2,337$1,748$974
25 years$5,002$3,813$2,869$2,134$1,573$850
26 years$4,758$3,583$2,660$1,951$1,417$743
27 years$4,533$3,372$2,470$1,786$1,277$649
28 years$4,324$3,178$2,297$1,637$1,153$568
29 years$4,130$2,998$2,137$1,501$1,041$497
30 years$3,949$2,831$1,991$1,377$940$435
31 years$3,780$2,676$1,856$1,265$850$381
32 years$3,622$2,532$1,732$1,163$769$334
33 years$3,474$2,398$1,617$1,069$696$292
34 years$3,335$2,273$1,511$984$630$256
35 years$3,204$2,156$1,412$905$571$225
36 years$3,081$2,046$1,321$834$517$197
37 years$2,965$1,943$1,237$768$469$173
38 years$2,855$1,847$1,158$708$425$152
39 years$2,751$1,756$1,085$653$385$133
40 years$2,652$1,671$1,017$602$350$117
41 years$2,559$1,591$954$556$317$102
42 years$2,470$1,515$894$513$288$90
43 years$2,385$1,443$839$473$261$79
44 years$2,305$1,376$788$437$237$69
45 years$2,228$1,312$740$404$215$61
46 years$2,155$1,251$695$373$195$53
47 years$2,086$1,194$653$345$177$47
48 years$2,019$1,140$613$318$161$41
49 years$1,955$1,089$577$294$146$36
50 years$1,894$1,040$542$272$133$32

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 $2,610 every year, while hoping to spend $43,024 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: 44/33/23 Blend
50$1,940,000$1,940,000$1,940,000$1,940,000
51$2,140,572$2,037,752$2,007,682$2,220,380
52$2,313,133$2,091,825$2,029,162$2,331,209
53$2,501,854$2,147,105$2,049,920$2,446,885
54$2,708,336$2,203,607$2,069,886$2,571,412
55$2,934,346$2,261,343$2,088,986$2,705,631
56$3,181,826$2,320,325$2,107,144$2,850,472
57$3,452,916$2,380,565$2,124,277$3,006,957
58$3,749,974$2,442,073$2,140,301$3,176,211
59$4,075,594$2,504,858$2,155,124$3,359,475
60$4,432,637$2,568,928$2,168,653$3,558,116
61$4,824,249$2,634,289$2,180,786$3,773,638
62$5,253,900$2,700,946$2,191,420$4,007,701
63$5,725,409$2,768,904$2,200,444$4,262,131
64$6,242,984$2,838,163$2,207,741$4,538,943
65$6,811,259$2,908,724$2,213,192$4,840,353
66$7,435,340$2,980,584$2,216,666$5,168,808
67$8,120,851$3,053,739$2,218,031$5,527,000
68$8,873,989$3,128,183$2,217,146$5,917,899
69$9,701,578$3,203,906$2,213,862$6,344,776
70$10,611,137$3,280,896$2,208,026$6,811,235
71$11,610,952$3,359,139$2,199,473$7,321,251
72$12,710,149$3,438,617$2,188,035$7,879,202
73$13,918,783$3,519,307$2,173,533$8,489,914
74$15,247,931$3,601,186$2,155,779$9,158,706
75$16,709,800$3,684,223$2,134,577$9,891,438
76$18,317,836$3,768,387$2,109,722$10,694,572
77$20,086,857$3,853,640$2,080,999$11,575,228
78$22,033,186$3,939,938$2,048,183$12,541,253
79$24,174,812$4,027,236$2,011,038$13,601,297
80$26,531,552$4,115,480$1,969,317$14,764,892
81$29,125,244$4,204,611$1,922,762$16,042,545
82$31,979,947$4,294,566$1,871,103$17,445,837
83$35,122,173$4,385,272$1,814,057$18,987,531
84$38,581,136$4,476,651$1,751,328$20,681,694
85$42,389,022$4,568,617$1,682,608$22,543,830
86$46,581,300$4,661,077$1,607,573$24,591,028
87$51,197,051$4,753,928$1,525,885$26,842,123
88$56,279,339$4,847,059$1,437,192$29,317,873
89$61,875,617$4,940,350$1,341,122$32,041,157
90$68,038,172$5,033,669$1,237,292$35,037,192
91$74,824,621$5,126,875$1,125,298$38,333,772
92$82,298,455$5,219,815$1,004,718$41,961,527
93$90,529,635$5,312,323$875,113$45,954,220
94$99,595,252$5,404,221$736,023$50,349,060
95$109,580,257$5,495,317$586,969$55,187,058
96$120,578,261$5,585,405$427,451$60,513,414
97$132,692,417$5,674,263$256,943$66,377,943
98$146,036,394$5,761,654$74,902$72,835,551
99$160,735,452$5,847,320$0$79,946,749
100$176,927,620$5,930,990$0$87,807,524