Can I retire at age 51 with 1,950,000?

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 $1,950,000?

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 years$161,029$159,595$158,195$156,829$155,496$149,859
2 years$79,717$78,233$76,794$75,399$74,046$68,429
3 years$52,617$51,126$49,691$48,309$46,978$41,557
4 years$39,070$37,583$36,162$34,804$33,505$28,322
5 years$30,943$29,466$28,063$26,733$25,470$20,538
6 years$25,527$24,061$22,679$21,378$20,153$15,477
7 years$21,660$20,206$18,847$17,576$16,390$11,967
8 years$18,761$17,320$15,983$14,744$13,597$9,424
9 years$16,508$15,081$13,767$12,559$11,451$7,522
10 years$14,706$13,293$12,002$10,826$9,757$6,065
11 years$13,233$11,834$10,566$9,422$8,391$4,929
12 years$12,006$10,621$9,377$8,264$7,271$4,031
13 years$10,969$9,599$8,378$7,296$6,341$3,312
14 years$10,081$8,725$7,528$6,477$5,558$2,733
15 years$9,312$7,970$6,797$5,776$4,894$2,262
16 years$8,639$7,313$6,162$5,172$4,325$1,877
17 years$8,047$6,735$5,607$4,647$3,835$1,561
18 years$7,520$6,223$5,119$4,188$3,410$1,300
19 years$7,050$5,768$4,686$3,784$3,039$1,085
20 years$6,627$5,359$4,300$3,427$2,715$906
21 years$6,245$4,992$3,956$3,110$2,430$757
22 years$5,899$4,660$3,646$2,828$2,178$634
23 years$5,583$4,358$3,366$2,575$1,955$531
24 years$5,293$4,084$3,113$2,349$1,757$445
25 years$5,027$3,832$2,883$2,145$1,581$373
26 years$4,782$3,602$2,674$1,961$1,424$313
27 years$4,556$3,390$2,483$1,795$1,284$262
28 years$4,346$3,194$2,308$1,645$1,159$220
29 years$4,151$3,013$2,148$1,508$1,046$185
30 years$3,969$2,846$2,001$1,384$945$155
31 years$3,800$2,690$1,865$1,271$855$130
32 years$3,641$2,545$1,741$1,169$773$109
33 years$3,492$2,410$1,625$1,075$700$92
34 years$3,352$2,285$1,518$989$633$77
35 years$3,221$2,167$1,420$910$574$65
36 years$3,097$2,057$1,328$838$520$54
37 years$2,980$1,953$1,243$772$471$46
38 years$2,870$1,856$1,164$712$427$38
39 years$2,765$1,765$1,091$656$387$32
40 years$2,666$1,679$1,022$605$351$27
41 years$2,572$1,599$958$559$319$23
42 years$2,483$1,523$899$515$289$19
43 years$2,398$1,451$844$476$262$16
44 years$2,317$1,383$792$439$238$14
45 years$2,240$1,319$744$406$216$11
46 years$2,166$1,258$698$375$196$10
47 years$2,096$1,200$656$346$178$8
48 years$2,029$1,146$617$320$162$7
49 years$1,965$1,094$580$296$147$6
50 years$1,904$1,045$545$273$134$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,950,000, adding $6,614 every year, while hoping to spend $28,541 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: 48/25/27 Blend
50$1,950,000$1,950,000$1,950,000$1,950,000
51$2,155,722$2,052,372$2,022,147$2,242,316
52$2,345,239$2,122,571$2,059,522$2,374,014
53$2,553,129$2,195,253$2,097,192$2,513,620
54$2,781,237$2,270,510$2,135,137$2,664,674
55$3,031,595$2,348,436$2,173,336$2,828,270
56$3,306,440$2,429,132$2,211,764$3,005,611
57$3,608,235$2,512,698$2,250,397$3,198,020
58$3,939,697$2,599,242$2,289,207$3,406,955
59$4,303,816$2,688,874$2,328,165$3,634,017
60$4,703,886$2,781,710$2,367,240$3,880,971
61$5,143,537$2,877,869$2,406,397$4,149,760
62$5,626,768$2,977,475$2,445,602$4,442,520
63$6,157,985$3,080,657$2,484,816$4,761,606
64$6,742,040$3,187,550$2,523,998$5,109,609
65$7,384,281$3,298,293$2,563,104$5,489,381
66$8,090,599$3,413,030$2,602,090$5,904,064
67$8,867,484$3,531,913$2,640,904$6,357,117
68$9,722,089$3,655,098$2,679,496$6,852,350
69$10,662,292$3,782,748$2,717,809$7,393,957
70$11,696,775$3,915,032$2,755,785$7,986,560
71$12,835,104$4,052,126$2,793,361$8,635,246
72$14,087,818$4,194,214$2,830,472$9,345,621
73$15,466,530$4,341,485$2,867,048$10,123,857
74$16,984,036$4,494,138$2,903,014$10,976,756
75$18,654,435$4,652,378$2,938,292$11,911,805
76$20,493,262$4,816,419$2,972,800$12,937,258
77$22,517,637$4,986,486$3,006,450$14,062,202
78$24,746,420$5,162,808$3,039,151$15,296,651
79$27,200,397$5,345,628$3,070,805$16,651,635
80$29,902,470$5,535,195$3,101,309$18,139,304
81$32,877,874$5,731,772$3,130,555$19,773,048
82$36,154,419$5,935,630$3,158,430$21,567,614
83$39,762,745$6,147,052$3,184,813$23,539,252
84$43,736,619$6,366,331$3,209,577$25,705,864
85$48,113,247$6,593,774$3,232,591$28,087,176
86$52,933,629$6,829,700$3,253,714$30,704,918
87$58,242,944$7,074,441$3,272,799$33,583,035
88$64,090,978$7,328,342$3,289,691$36,747,909
89$70,532,589$7,591,762$3,304,227$40,228,607
90$77,628,231$7,865,076$3,316,236$44,057,157
91$85,444,520$8,148,674$3,325,540$48,268,849
92$94,054,864$8,442,962$3,331,948$52,902,568
93$103,540,155$8,748,363$3,335,264$58,001,156
94$113,989,535$9,065,317$3,335,279$63,611,826
95$125,501,233$9,394,282$3,331,776$69,786,594
96$138,183,494$9,735,737$3,324,526$76,582,781
97$152,155,601$10,090,179$3,313,288$84,063,546
98$167,549,001$10,458,126$3,297,812$92,298,486
99$184,508,543$10,840,119$3,277,833$101,364,289
100$203,193,850$11,236,720$3,253,076$111,345,457