Can I retire at age 51 with 1,960,000?

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 $1,960,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$161,855$160,413$159,007$157,634$156,293$153,012
2 years$80,126$78,634$77,188$75,785$74,425$71,135
3 years$52,887$51,388$49,946$48,556$47,218$44,022
4 years$39,270$37,776$36,348$34,982$33,677$30,599
5 years$31,102$29,617$28,207$26,870$25,600$22,649
6 years$25,658$24,184$22,796$21,488$20,257$17,436
7 years$21,771$20,310$18,943$17,666$16,474$13,784
8 years$18,858$17,409$16,065$14,820$13,667$11,106
9 years$16,593$15,158$13,837$12,623$11,510$9,077
10 years$14,782$13,361$12,064$10,881$9,807$7,499
11 years$13,301$11,894$10,621$9,470$8,434$6,249
12 years$12,068$10,676$9,425$8,307$7,309$5,244
13 years$11,025$9,648$8,421$7,333$6,373$4,424
14 years$10,132$8,770$7,566$6,510$5,587$3,749
15 years$9,359$8,011$6,831$5,806$4,919$3,190
16 years$8,684$7,350$6,194$5,198$4,348$2,722
17 years$8,088$6,769$5,636$4,671$3,855$2,329
18 years$7,559$6,255$5,145$4,209$3,428$1,997
19 years$7,086$5,797$4,710$3,803$3,055$1,715
20 years$6,661$5,387$4,323$3,445$2,729$1,476
21 years$6,278$5,018$3,976$3,126$2,442$1,272
22 years$5,929$4,684$3,664$2,842$2,189$1,097
23 years$5,611$4,381$3,383$2,589$1,965$947
24 years$5,320$4,104$3,129$2,361$1,766$818
25 years$5,053$3,852$2,898$2,156$1,589$708
26 years$4,807$3,620$2,688$1,972$1,431$613
27 years$4,579$3,407$2,496$1,805$1,291$530
28 years$4,368$3,210$2,320$1,653$1,165$459
29 years$4,172$3,029$2,159$1,516$1,052$398
30 years$3,990$2,860$2,011$1,392$950$345
31 years$3,819$2,704$1,875$1,278$859$299
32 years$3,660$2,558$1,749$1,174$777$260
33 years$3,510$2,423$1,633$1,080$703$225
34 years$3,370$2,296$1,526$994$637$195
35 years$3,237$2,178$1,427$915$577$170
36 years$3,113$2,067$1,335$843$522$147
37 years$2,995$1,963$1,249$776$474$128
38 years$2,884$1,866$1,170$715$429$111
39 years$2,779$1,774$1,096$660$389$96
40 years$2,680$1,688$1,027$608$353$84
41 years$2,585$1,607$963$561$320$73
42 years$2,495$1,530$904$518$291$63
43 years$2,410$1,458$848$478$264$55
44 years$2,329$1,390$796$442$239$48
45 years$2,251$1,325$747$408$217$41
46 years$2,178$1,264$702$377$197$36
47 years$2,107$1,207$660$348$179$31
48 years$2,040$1,152$620$322$163$27
49 years$1,975$1,100$583$297$148$24
50 years$1,914$1,051$548$275$134$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,960,000, adding $4,986 every year, while hoping to spend $43,369 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: 31/48/21 Blend
50$1,960,000$1,960,000$1,960,000$1,960,000
51$2,165,063$2,061,183$2,030,803$2,217,911
52$2,339,755$2,116,037$2,052,691$2,313,149
53$2,530,812$2,172,125$2,073,858$2,411,344
54$2,739,858$2,229,462$2,094,235$2,516,144
55$2,968,680$2,288,062$2,113,748$2,628,151
56$3,219,246$2,347,938$2,132,320$2,748,028
57$3,493,725$2,409,102$2,149,868$2,876,504
58$3,794,503$2,471,566$2,166,307$3,014,381
59$4,124,210$2,535,340$2,181,545$3,162,543
60$4,485,740$2,600,433$2,195,488$3,321,963
61$4,882,284$2,666,853$2,208,036$3,493,713
62$5,317,354$2,734,605$2,219,082$3,678,974
63$5,794,819$2,803,696$2,228,516$3,879,044
64$6,318,941$2,874,127$2,236,221$4,095,358
65$6,894,414$2,945,901$2,242,076$4,329,493
66$7,526,410$3,019,016$2,245,952$4,583,186
67$8,220,626$3,093,470$2,247,713$4,858,355
68$8,983,338$3,169,258$2,247,219$5,157,110
69$9,821,459$3,246,372$2,244,321$5,481,777
70$10,742,605$3,324,801$2,238,864$5,834,918
71$11,755,168$3,404,534$2,230,683$6,219,359
72$12,868,392$3,485,553$2,219,608$6,638,213
73$14,092,462$3,567,839$2,205,459$7,094,910
74$15,438,599$3,651,370$2,188,048$7,593,231
75$16,919,167$3,736,117$2,167,178$8,137,344
76$18,547,786$3,822,051$2,142,642$8,731,842
77$20,339,465$3,909,136$2,114,225$9,381,787
78$22,310,739$3,997,332$2,081,700$10,092,759
79$24,479,826$4,086,594$2,044,830$10,870,908
80$26,866,803$4,176,871$2,003,366$11,723,013
81$29,493,788$4,268,109$1,957,049$12,656,547
82$32,385,152$4,360,244$1,905,608$13,679,744
83$35,567,749$4,453,208$1,848,758$14,801,683
84$39,071,170$4,546,925$1,786,202$16,032,369
85$42,928,018$4,641,313$1,717,628$17,382,833
86$47,174,220$4,736,282$1,642,713$18,865,231
87$51,849,362$4,831,731$1,561,115$20,492,964
88$56,997,065$4,927,554$1,472,481$22,280,801
89$62,665,394$5,023,632$1,376,437$24,245,025
90$68,907,313$5,119,839$1,272,597$26,403,579
91$75,781,185$5,216,037$1,160,555$28,776,245
92$83,351,320$5,312,077$1,039,887$31,384,826
93$91,688,582$5,407,796$910,151$34,253,354
94$100,871,061$5,503,022$770,885$37,408,317
95$110,984,806$5,597,567$621,606$40,878,913
96$122,124,637$5,691,228$461,810$44,697,325
97$134,395,041$5,783,790$290,972$48,899,023
98$147,911,158$5,875,018$108,542$53,523,105
99$162,799,865$5,964,663$0$58,612,665
100$179,200,975$6,052,456$0$64,234,505