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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.2%
1 years$161,029$159,595$158,195$156,829$155,496$152,794
2 years$79,717$78,233$76,794$75,399$74,046$71,332
3 years$52,617$51,126$49,691$48,309$46,978$44,337
4 years$39,070$37,583$36,162$34,804$33,505$30,958
5 years$30,943$29,466$28,063$26,733$25,470$23,024
6 years$25,527$24,061$22,679$21,378$20,153$17,811
7 years$21,660$20,206$18,847$17,576$16,390$14,152
8 years$18,761$17,320$15,983$14,744$13,597$11,462
9 years$16,508$15,081$13,767$12,559$11,451$9,418
10 years$14,706$13,293$12,002$10,826$9,757$7,825
11 years$13,233$11,834$10,566$9,422$8,391$6,558
12 years$12,006$10,621$9,377$8,264$7,271$5,534
13 years$10,969$9,599$8,378$7,296$6,341$4,697
14 years$10,081$8,725$7,528$6,477$5,558$4,005
15 years$9,312$7,970$6,797$5,776$4,894$3,429
16 years$8,639$7,313$6,162$5,172$4,325$2,944
17 years$8,047$6,735$5,607$4,647$3,835$2,536
18 years$7,520$6,223$5,119$4,188$3,410$2,188
19 years$7,050$5,768$4,686$3,784$3,039$1,893
20 years$6,627$5,359$4,300$3,427$2,715$1,639
21 years$6,245$4,992$3,956$3,110$2,430$1,422
22 years$5,899$4,660$3,646$2,828$2,178$1,235
23 years$5,583$4,358$3,366$2,575$1,955$1,074
24 years$5,293$4,084$3,113$2,349$1,757$935
25 years$5,027$3,832$2,883$2,145$1,581$814
26 years$4,782$3,602$2,674$1,961$1,424$710
27 years$4,556$3,390$2,483$1,795$1,284$619
28 years$4,346$3,194$2,308$1,645$1,159$540
29 years$4,151$3,013$2,148$1,508$1,046$471
30 years$3,969$2,846$2,001$1,384$945$412
31 years$3,800$2,690$1,865$1,271$855$360
32 years$3,641$2,545$1,741$1,169$773$314
33 years$3,492$2,410$1,625$1,075$700$275
34 years$3,352$2,285$1,518$989$633$240
35 years$3,221$2,167$1,420$910$574$210
36 years$3,097$2,057$1,328$838$520$184
37 years$2,980$1,953$1,243$772$471$161
38 years$2,870$1,856$1,164$712$427$141
39 years$2,765$1,765$1,091$656$387$123
40 years$2,666$1,679$1,022$605$351$108
41 years$2,572$1,599$958$559$319$94
42 years$2,483$1,523$899$515$289$82
43 years$2,398$1,451$844$476$262$72
44 years$2,317$1,383$792$439$238$63
45 years$2,240$1,319$744$406$216$55
46 years$2,166$1,258$698$375$196$48
47 years$2,096$1,200$656$346$178$42
48 years$2,029$1,146$617$320$162$37
49 years$1,965$1,094$580$296$147$32
50 years$1,904$1,045$545$273$134$28

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 $2,040 every year, while hoping to spend $41,814 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: 52/27/21 Blend
50$1,950,000$1,950,000$1,950,000$1,950,000
51$2,151,004$2,047,654$2,017,429$2,250,267
52$2,325,917$2,103,500$2,040,523$2,374,744
53$2,517,269$2,160,680$2,062,990$2,505,570
54$2,726,694$2,219,216$2,084,763$2,646,990
55$2,955,989$2,279,130$2,105,775$2,800,024
56$3,207,134$2,340,441$2,125,952$2,965,797
57$3,482,309$2,403,171$2,145,219$3,145,548
58$3,783,915$2,467,337$2,163,495$3,340,641
59$4,114,598$2,532,959$2,180,695$3,552,578
60$4,477,268$2,600,056$2,196,730$3,783,015
61$4,875,135$2,668,645$2,211,506$4,033,773
62$5,311,732$2,738,741$2,224,925$4,306,862
63$5,790,951$2,810,362$2,236,882$4,604,494
64$6,317,079$2,883,520$2,247,268$4,929,106
65$6,894,838$2,958,230$2,255,969$5,283,383
66$7,529,432$3,034,503$2,262,864$5,670,283
67$8,226,591$3,112,351$2,267,827$6,093,068
68$8,992,628$3,191,781$2,270,724$6,555,327
69$9,834,499$3,272,802$2,271,417$7,061,020
70$10,759,867$3,355,418$2,269,758$7,614,506
71$11,777,174$3,439,633$2,265,595$8,220,591
72$12,895,719$3,525,449$2,258,765$8,884,571
73$14,125,750$3,612,863$2,249,102$9,612,280
74$15,478,556$3,701,873$2,236,426$10,410,148
75$16,966,575$3,792,472$2,220,553$11,285,262
76$18,603,513$3,884,650$2,201,289$12,245,429
77$20,404,468$3,978,395$2,178,429$13,299,254
78$22,386,078$4,073,690$2,151,760$14,456,221
79$24,566,673$4,170,516$2,121,059$15,726,780
80$26,966,451$4,268,849$2,086,092$17,122,448
81$29,607,667$4,368,660$2,046,614$18,655,917
82$32,514,841$4,469,917$2,002,368$20,341,173
83$35,714,995$4,572,582$1,953,087$22,193,631
84$39,237,898$4,676,612$1,898,489$24,230,279
85$43,116,357$4,781,960$1,838,282$26,469,839
86$47,386,518$4,888,569$1,772,157$28,932,941
87$52,088,213$4,996,379$1,699,795$31,642,326
88$57,265,332$5,105,323$1,620,859$34,623,050
89$62,966,237$5,215,324$1,534,999$37,902,731
90$69,244,219$5,326,301$1,441,847$41,511,804
91$76,158,001$5,438,161$1,341,020$45,483,811
92$83,772,291$5,550,805$1,232,119$49,855,717
93$92,158,393$5,664,123$1,114,723$54,668,260
94$101,394,879$5,777,996$988,397$59,966,338
95$111,568,332$5,892,292$852,683$65,799,429
96$122,774,159$6,006,871$707,105$72,222,062
97$135,117,494$6,121,579$551,164$79,294,333
98$148,714,192$6,236,250$384,341$87,082,471
99$163,691,916$6,350,703$206,093$95,659,465
100$180,191,347$6,464,743$15,853$105,105,751