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%17.1%
1 years$161,855$160,413$159,007$157,634$156,293$151,777
2 years$80,126$78,634$77,188$75,785$74,425$69,911
3 years$52,887$51,388$49,946$48,556$47,218$42,848
4 years$39,270$37,776$36,348$34,982$33,677$29,483
5 years$31,102$29,617$28,207$26,870$25,600$21,595
6 years$25,658$24,184$22,796$21,488$20,257$16,444
7 years$21,771$20,310$18,943$17,666$16,474$12,853
8 years$18,858$17,409$16,065$14,820$13,667$10,236
9 years$16,593$15,158$13,837$12,623$11,510$8,265
10 years$14,782$13,361$12,064$10,881$9,807$6,745
11 years$13,301$11,894$10,621$9,470$8,434$5,549
12 years$12,068$10,676$9,425$8,307$7,309$4,595
13 years$11,025$9,648$8,421$7,333$6,373$3,825
14 years$10,132$8,770$7,566$6,510$5,587$3,198
15 years$9,359$8,011$6,831$5,806$4,919$2,683
16 years$8,684$7,350$6,194$5,198$4,348$2,257
17 years$8,088$6,769$5,636$4,671$3,855$1,903
18 years$7,559$6,255$5,145$4,209$3,428$1,608
19 years$7,086$5,797$4,710$3,803$3,055$1,361
20 years$6,661$5,387$4,323$3,445$2,729$1,153
21 years$6,278$5,018$3,976$3,126$2,442$979
22 years$5,929$4,684$3,664$2,842$2,189$831
23 years$5,611$4,381$3,383$2,589$1,965$706
24 years$5,320$4,104$3,129$2,361$1,766$601
25 years$5,053$3,852$2,898$2,156$1,589$511
26 years$4,807$3,620$2,688$1,972$1,431$435
27 years$4,579$3,407$2,496$1,805$1,291$371
28 years$4,368$3,210$2,320$1,653$1,165$316
29 years$4,172$3,029$2,159$1,516$1,052$269
30 years$3,990$2,860$2,011$1,392$950$230
31 years$3,819$2,704$1,875$1,278$859$196
32 years$3,660$2,558$1,749$1,174$777$167
33 years$3,510$2,423$1,633$1,080$703$143
34 years$3,370$2,296$1,526$994$637$122
35 years$3,237$2,178$1,427$915$577$104
36 years$3,113$2,067$1,335$843$522$89
37 years$2,995$1,963$1,249$776$474$76
38 years$2,884$1,866$1,170$715$429$65
39 years$2,779$1,774$1,096$660$389$55
40 years$2,680$1,688$1,027$608$353$47
41 years$2,585$1,607$963$561$320$40
42 years$2,495$1,530$904$518$291$34
43 years$2,410$1,458$848$478$264$29
44 years$2,329$1,390$796$442$239$25
45 years$2,251$1,325$747$408$217$21
46 years$2,178$1,264$702$377$197$18
47 years$2,107$1,207$660$348$179$16
48 years$2,040$1,152$620$322$163$13
49 years$1,975$1,100$583$297$148$11
50 years$1,914$1,051$548$275$134$10

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 $6,007 every year, while hoping to spend $22,641 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: 68/15/17 Blend
50$1,960,000$1,960,000$1,960,000$1,960,000
51$2,166,116$2,062,236$2,031,856$2,304,170
52$2,362,970$2,139,196$2,075,834$2,474,017
53$2,579,145$2,219,168$2,120,525$2,656,507
54$2,816,586$2,302,276$2,165,931$2,855,555
55$3,077,439$2,388,648$2,212,051$3,072,788
56$3,364,066$2,478,421$2,258,883$3,309,998
57$3,679,070$2,571,732$2,306,425$3,569,155
58$4,025,318$2,668,731$2,354,674$3,852,433
59$4,405,970$2,769,568$2,403,625$4,162,220
60$4,824,505$2,874,403$2,453,272$4,501,150
61$5,284,759$2,983,402$2,503,611$4,872,121
62$5,790,955$3,096,740$2,554,632$5,278,325
63$6,347,748$3,214,596$2,606,329$5,723,276
64$6,960,267$3,337,160$2,658,689$6,210,846
65$7,634,162$3,464,628$2,711,703$6,745,298
66$8,375,658$3,597,207$2,765,357$7,331,328
67$9,191,616$3,735,110$2,819,637$7,974,106
68$10,089,593$3,878,563$2,874,527$8,679,330
69$11,077,917$4,027,798$2,930,009$9,453,273
70$12,165,765$4,183,061$2,986,065$10,302,848
71$13,363,247$4,344,605$3,042,672$11,235,667
72$14,681,504$4,512,697$3,099,808$12,260,117
73$16,132,813$4,687,614$3,157,446$13,385,436
74$17,730,699$4,869,646$3,215,561$14,621,801
75$19,490,069$5,059,098$3,274,120$15,980,425
76$21,427,346$5,256,283$3,333,093$17,473,658
77$23,560,627$5,461,533$3,392,444$19,115,110
78$25,909,856$5,675,193$3,452,136$20,919,770
79$28,497,006$5,897,623$3,512,127$22,904,157
80$31,346,293$6,129,198$3,572,375$25,086,467
81$34,484,399$6,370,313$3,632,834$27,486,748
82$37,940,726$6,621,376$3,693,452$30,127,090
83$41,747,674$6,882,818$3,754,177$33,031,830
84$45,940,946$7,155,085$3,814,951$36,227,783
85$50,559,885$7,438,647$3,875,714$39,744,494
86$55,647,844$7,733,991$3,936,402$43,614,516
87$61,252,596$8,041,629$3,996,943$47,873,717
88$67,426,787$8,362,095$4,057,267$52,561,617
89$74,228,427$8,695,946$4,117,293$57,721,763
90$81,721,444$9,043,764$4,176,940$63,402,136
91$89,976,283$9,406,160$4,236,119$69,655,606
92$99,070,572$9,783,770$4,294,737$76,540,428
93$109,089,855$10,177,259$4,352,695$84,120,792
94$120,128,398$10,587,323$4,409,888$92,467,430
95$132,290,081$11,014,688$4,466,206$101,658,279
96$145,689,376$11,460,115$4,521,530$111,779,220
97$160,452,429$11,924,397$4,575,738$122,924,885
98$176,718,249$12,408,365$4,628,698$135,199,550
99$194,640,023$12,912,887$4,680,272$148,718,119
100$214,386,558$13,438,872$4,730,314$163,607,207