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%11%
1 years$161,029$159,595$158,195$156,829$155,496$154,841
2 years$79,717$78,233$76,794$75,399$74,046$73,384
3 years$52,617$51,126$49,691$48,309$46,978$46,330
4 years$39,070$37,583$36,162$34,804$33,505$32,877
5 years$30,943$29,466$28,063$26,733$25,470$24,863
6 years$25,527$24,061$22,679$21,378$20,153$19,568
7 years$21,660$20,206$18,847$17,576$16,390$15,827
8 years$18,761$17,320$15,983$14,744$13,597$13,056
9 years$16,508$15,081$13,767$12,559$11,451$10,932
10 years$14,706$13,293$12,002$10,826$9,757$9,260
11 years$13,233$11,834$10,566$9,422$8,391$7,916
12 years$12,006$10,621$9,377$8,264$7,271$6,817
13 years$10,969$9,599$8,378$7,296$6,341$5,907
14 years$10,081$8,725$7,528$6,477$5,558$5,145
15 years$9,312$7,970$6,797$5,776$4,894$4,500
16 years$8,639$7,313$6,162$5,172$4,325$3,951
17 years$8,047$6,735$5,607$4,647$3,835$3,479
18 years$7,520$6,223$5,119$4,188$3,410$3,072
19 years$7,050$5,768$4,686$3,784$3,039$2,719
20 years$6,627$5,359$4,300$3,427$2,715$2,412
21 years$6,245$4,992$3,956$3,110$2,430$2,143
22 years$5,899$4,660$3,646$2,828$2,178$1,907
23 years$5,583$4,358$3,366$2,575$1,955$1,699
24 years$5,293$4,084$3,113$2,349$1,757$1,515
25 years$5,027$3,832$2,883$2,145$1,581$1,353
26 years$4,782$3,602$2,674$1,961$1,424$1,210
27 years$4,556$3,390$2,483$1,795$1,284$1,082
28 years$4,346$3,194$2,308$1,645$1,159$969
29 years$4,151$3,013$2,148$1,508$1,046$868
30 years$3,969$2,846$2,001$1,384$945$778
31 years$3,800$2,690$1,865$1,271$855$698
32 years$3,641$2,545$1,741$1,169$773$626
33 years$3,492$2,410$1,625$1,075$700$562
34 years$3,352$2,285$1,518$989$633$505
35 years$3,221$2,167$1,420$910$574$453
36 years$3,097$2,057$1,328$838$520$407
37 years$2,980$1,953$1,243$772$471$366
38 years$2,870$1,856$1,164$712$427$329
39 years$2,765$1,765$1,091$656$387$296
40 years$2,666$1,679$1,022$605$351$266
41 years$2,572$1,599$958$559$319$239
42 years$2,483$1,523$899$515$289$215
43 years$2,398$1,451$844$476$262$194
44 years$2,317$1,383$792$439$238$174
45 years$2,240$1,319$744$406$216$157
46 years$2,166$1,258$698$375$196$141
47 years$2,096$1,200$656$346$178$127
48 years$2,029$1,146$617$320$162$114
49 years$1,965$1,094$580$296$147$103
50 years$1,904$1,045$545$273$134$93

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 $4,962 every year, while hoping to spend $45,615 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: 56/15/29 Blend
50$1,950,000$1,950,000$1,950,000$1,950,000
51$2,154,018$2,050,668$2,020,443$2,257,138
52$2,325,194$2,102,617$2,039,594$2,380,668
53$2,512,301$2,155,582$2,057,858$2,510,057
54$2,716,916$2,209,566$2,075,156$2,650,125
55$2,940,775$2,264,568$2,091,407$2,801,919
56$3,185,790$2,320,588$2,106,525$2,966,592
57$3,454,065$2,377,622$2,120,419$3,145,417
58$3,747,919$2,435,665$2,132,992$3,339,795
59$4,069,905$2,494,710$2,144,146$3,551,269
60$4,422,834$2,554,750$2,153,773$3,781,542
61$4,809,803$2,615,772$2,161,764$4,032,490
62$5,234,221$2,677,763$2,168,001$4,306,181
63$5,699,845$2,740,707$2,172,363$4,604,893
64$6,210,812$2,804,585$2,174,720$4,931,138
65$6,771,680$2,869,374$2,174,938$5,287,685
66$7,387,468$2,935,050$2,172,875$5,677,586
67$8,063,707$3,001,585$2,168,384$6,104,205
68$8,806,487$3,068,945$2,161,307$6,571,248
69$9,622,520$3,137,095$2,151,482$7,082,803
70$10,519,199$3,205,993$2,138,738$7,643,375
71$11,504,666$3,275,596$2,122,895$8,257,929
72$12,587,896$3,345,854$2,103,765$8,931,937
73$13,778,772$3,416,712$2,081,152$9,671,434
74$15,088,185$3,488,109$2,054,849$10,483,067
75$16,528,133$3,559,980$2,024,640$11,374,167
76$18,111,837$3,632,252$1,990,299$12,352,813
77$19,853,859$3,704,848$1,951,590$13,427,910
78$21,770,249$3,777,682$1,908,264$14,609,274
79$23,878,686$3,850,660$1,860,062$15,907,723
80$26,198,652$3,923,682$1,806,714$17,335,183
81$28,751,610$3,996,638$1,747,935$18,904,798
82$31,561,213$4,069,412$1,683,430$20,631,056
83$34,653,518$4,141,875$1,612,886$22,529,926
84$38,057,240$4,213,890$1,535,981$24,619,010
85$41,804,018$4,285,309$1,452,375$26,917,707
86$45,928,712$4,355,974$1,361,714$29,447,400
87$50,469,736$4,425,712$1,263,627$32,231,658
88$55,469,418$4,494,342$1,157,728$35,296,457
89$60,974,399$4,561,664$1,043,612$38,670,428
90$67,036,071$4,627,469$920,856$42,385,127
91$73,711,066$4,691,531$789,021$46,475,336
92$81,061,786$4,753,607$647,644$50,979,387
93$89,156,993$4,813,438$496,245$55,939,531
94$98,072,459$4,870,749$334,321$61,402,335
95$107,891,677$4,925,244$161,349$67,419,121
96$118,706,655$4,976,608$0$74,046,455
97$130,618,777$5,024,504$0$81,353,871
98$143,739,762$5,068,575$0$89,456,636
99$158,192,721$5,108,438$0$98,380,682
100$174,113,313$5,143,687$0$108,209,664