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 years$161,855$160,413$159,007$157,634$156,293$153,075
2 years$80,126$78,634$77,188$75,785$74,425$71,198
3 years$52,887$51,388$49,946$48,556$47,218$44,082
4 years$39,270$37,776$36,348$34,982$33,677$30,656
5 years$31,102$29,617$28,207$26,870$25,600$22,703
6 years$25,658$24,184$22,796$21,488$20,257$17,487
7 years$21,771$20,310$18,943$17,666$16,474$13,832
8 years$18,858$17,409$16,065$14,820$13,667$11,152
9 years$16,593$15,158$13,837$12,623$11,510$9,119
10 years$14,782$13,361$12,064$10,881$9,807$7,539
11 years$13,301$11,894$10,621$9,470$8,434$6,287
12 years$12,068$10,676$9,425$8,307$7,309$5,278
13 years$11,025$9,648$8,421$7,333$6,373$4,456
14 years$10,132$8,770$7,566$6,510$5,587$3,779
15 years$9,359$8,011$6,831$5,806$4,919$3,217
16 years$8,684$7,350$6,194$5,198$4,348$2,747
17 years$8,088$6,769$5,636$4,671$3,855$2,352
18 years$7,559$6,255$5,145$4,209$3,428$2,018
19 years$7,086$5,797$4,710$3,803$3,055$1,735
20 years$6,661$5,387$4,323$3,445$2,729$1,494
21 years$6,278$5,018$3,976$3,126$2,442$1,288
22 years$5,929$4,684$3,664$2,842$2,189$1,112
23 years$5,611$4,381$3,383$2,589$1,965$961
24 years$5,320$4,104$3,129$2,361$1,766$831
25 years$5,053$3,852$2,898$2,156$1,589$719
26 years$4,807$3,620$2,688$1,972$1,431$623
27 years$4,579$3,407$2,496$1,805$1,291$540
28 years$4,368$3,210$2,320$1,653$1,165$468
29 years$4,172$3,029$2,159$1,516$1,052$406
30 years$3,990$2,860$2,011$1,392$950$352
31 years$3,819$2,704$1,875$1,278$859$306
32 years$3,660$2,558$1,749$1,174$777$265
33 years$3,510$2,423$1,633$1,080$703$230
34 years$3,370$2,296$1,526$994$637$200
35 years$3,237$2,178$1,427$915$577$174
36 years$3,113$2,067$1,335$843$522$151
37 years$2,995$1,963$1,249$776$474$131
38 years$2,884$1,866$1,170$715$429$114
39 years$2,779$1,774$1,096$660$389$99
40 years$2,680$1,688$1,027$608$353$86
41 years$2,585$1,607$963$561$320$75
42 years$2,495$1,530$904$518$291$65
43 years$2,410$1,458$848$478$264$57
44 years$2,329$1,390$796$442$239$49
45 years$2,251$1,325$747$408$217$43
46 years$2,178$1,264$702$377$197$37
47 years$2,107$1,207$660$348$179$32
48 years$2,040$1,152$620$322$163$28
49 years$1,975$1,100$583$297$148$24
50 years$1,914$1,051$548$275$134$21

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 $6,861 every year, while hoping to spend $59,630 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: 39/49/12 Blend
50$1,960,000$1,960,000$1,960,000$1,960,000
51$2,166,997$2,063,117$2,032,737$2,243,415
52$2,324,585$2,100,764$2,037,388$2,335,853
53$2,496,248$2,138,257$2,040,196$2,429,386
54$2,683,360$2,175,526$2,041,037$2,529,203
55$2,887,430$2,212,494$2,039,779$2,635,899
56$3,110,122$2,249,081$2,036,286$2,750,129
57$3,353,266$2,285,197$2,030,413$2,872,617
58$3,618,877$2,320,750$2,022,010$3,004,162
59$3,909,174$2,355,637$2,010,918$3,145,645
60$4,226,597$2,389,751$1,996,971$3,298,041
61$4,573,836$2,422,975$1,979,996$3,462,423
62$4,953,851$2,455,185$1,959,810$3,639,978
63$5,369,903$2,486,248$1,936,223$3,832,015
64$5,825,581$2,516,022$1,909,034$4,039,979
65$6,324,838$2,544,355$1,878,035$4,265,466
66$6,872,029$2,571,086$1,843,006$4,510,236
67$7,471,948$2,596,041$1,803,719$4,776,233
68$8,129,876$2,619,037$1,759,933$5,065,603
69$8,851,631$2,639,876$1,711,398$5,380,713
70$9,643,618$2,658,351$1,657,851$5,724,179
71$10,512,895$2,674,239$1,599,017$6,098,883
72$11,467,236$2,687,302$1,534,609$6,508,011
73$12,515,204$2,697,289$1,464,328$6,955,076
74$13,666,231$2,703,933$1,387,859$7,443,955
75$14,930,708$2,706,947$1,304,875$7,978,928
76$16,320,084$2,706,031$1,215,032$8,564,718
77$17,846,969$2,700,863$1,117,972$9,206,534
78$19,525,257$2,691,103$1,013,321$9,910,127
79$21,370,254$2,676,387$900,688$10,681,841
80$23,398,823$2,656,334$779,664$11,528,675
81$25,629,544$2,630,535$649,824$12,458,354
82$28,082,886$2,598,559$510,721$13,479,397
83$30,781,401$2,559,949$361,891$14,601,204
84$33,749,937$2,514,220$202,848$15,834,146
85$37,015,873$2,460,859$33,085$17,189,663
86$40,609,372$2,399,321$0$18,680,375
87$44,563,671$2,329,032$0$20,339,161
88$48,915,391$2,249,380$0$22,168,169
89$53,704,883$2,159,722$0$24,180,168
90$58,976,607$2,059,374$0$26,393,916
91$64,779,553$1,947,615$0$28,830,096
92$71,167,700$1,823,680$0$31,511,513
93$78,200,527$1,686,763$0$34,463,316
94$85,943,576$1,536,009$0$37,713,234
95$94,469,063$1,370,515$0$41,291,839
96$103,856,565$1,189,329$0$45,232,842
97$114,193,771$991,442$0$49,573,411
98$125,577,302$775,789$0$54,354,523
99$138,113,629$541,246$0$59,621,361
100$151,920,077$286,624$0$65,423,735