Can I retire at age 51 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$162,681$161,232$159,818$158,438$157,091$154,743
2 years$80,535$79,035$77,582$76,172$74,805$72,445
3 years$53,157$51,650$50,200$48,804$47,459$45,161
4 years$39,470$37,968$36,533$35,161$33,848$31,629
5 years$31,260$29,768$28,351$27,007$25,731$23,597
6 years$25,789$24,308$22,912$21,598$20,360$18,313
7 years$21,883$20,413$19,040$17,757$16,558$14,600
8 years$18,954$17,498$16,147$14,896$13,737$11,866
9 years$16,677$15,235$13,908$12,688$11,568$9,785
10 years$14,857$13,429$12,125$10,937$9,857$8,160
11 years$13,369$11,955$10,675$9,518$8,477$6,864
12 years$12,129$10,730$9,474$8,349$7,346$5,815
13 years$11,082$9,697$8,464$7,371$6,406$4,955
14 years$10,184$8,814$7,605$6,543$5,615$4,242
15 years$9,407$8,052$6,866$5,835$4,944$3,646
16 years$8,728$7,388$6,225$5,225$4,370$3,145
17 years$8,129$6,804$5,665$4,694$3,875$2,720
18 years$7,598$6,287$5,171$4,231$3,445$2,358
19 years$7,122$5,827$4,734$3,823$3,071$2,048
20 years$6,695$5,414$4,345$3,462$2,743$1,782
21 years$6,310$5,043$3,996$3,142$2,454$1,553
22 years$5,959$4,708$3,683$2,857$2,200$1,355
23 years$5,640$4,403$3,401$2,602$1,975$1,184
24 years$5,347$4,125$3,145$2,373$1,775$1,035
25 years$5,079$3,871$2,913$2,167$1,597$906
26 years$4,831$3,639$2,702$1,982$1,439$793
27 years$4,603$3,424$2,509$1,814$1,297$695
28 years$4,391$3,227$2,332$1,662$1,170$609
29 years$4,194$3,044$2,170$1,524$1,057$535
30 years$4,010$2,875$2,022$1,399$955$469
31 years$3,839$2,718$1,885$1,285$863$412
32 years$3,678$2,571$1,758$1,180$781$362
33 years$3,528$2,435$1,642$1,086$707$318
34 years$3,387$2,308$1,534$999$640$279
35 years$3,254$2,189$1,434$919$580$245
36 years$3,129$2,078$1,342$847$525$216
37 years$3,011$1,973$1,256$780$476$190
38 years$2,899$1,875$1,176$719$432$167
39 years$2,793$1,783$1,102$663$391$147
40 years$2,693$1,697$1,033$612$355$129
41 years$2,598$1,615$968$564$322$113
42 years$2,508$1,538$908$521$292$100
43 years$2,422$1,466$852$481$265$88
44 years$2,341$1,397$800$444$241$77
45 years$2,263$1,332$751$410$219$68
46 years$2,189$1,271$706$379$198$60
47 years$2,118$1,213$663$350$180$53
48 years$2,050$1,158$623$323$164$46
49 years$1,985$1,106$586$299$149$41
50 years$1,923$1,056$550$276$135$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,970,000, adding $5,808 every year, while hoping to spend $35,670 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: 54/22/24 Blend
50$1,970,000$1,970,000$1,970,000$1,970,000
51$2,176,931$2,072,521$2,041,986$2,279,796
52$2,361,025$2,136,122$2,072,440$2,414,826
53$2,562,702$2,201,644$2,102,719$2,557,559
54$2,783,716$2,269,143$2,132,778$2,712,205
55$3,026,002$2,338,678$2,162,573$2,879,916
56$3,291,689$2,410,308$2,192,054$3,061,961
57$3,583,122$2,484,094$2,221,169$3,259,737
58$3,902,886$2,560,100$2,249,863$3,474,783
59$4,253,825$2,638,390$2,278,079$3,708,793
60$4,639,075$2,719,031$2,305,754$3,963,633
61$5,062,089$2,802,091$2,332,825$4,241,356
62$5,526,669$2,887,640$2,359,222$4,544,226
63$6,037,006$2,975,752$2,384,872$4,874,734
64$6,597,716$3,066,499$2,409,701$5,235,627
65$7,213,884$3,159,958$2,433,627$5,629,927
66$7,891,112$3,256,208$2,456,565$6,060,967
67$8,635,571$3,355,328$2,478,426$6,532,413
68$9,454,062$3,457,402$2,499,116$7,048,310
69$10,354,075$3,562,513$2,518,535$7,613,109
70$11,343,864$3,670,750$2,536,580$8,231,717
71$12,432,523$3,782,201$2,553,139$8,909,539
72$13,630,069$3,896,958$2,568,098$9,652,528
73$14,947,542$4,015,115$2,581,336$10,467,246
74$16,397,104$4,136,768$2,592,723$11,360,920
75$17,992,157$4,262,018$2,602,127$12,341,517
76$19,747,465$4,390,965$2,609,407$13,417,810
77$21,679,298$4,523,713$2,614,413$14,599,468
78$23,805,582$4,660,371$2,616,992$15,897,146
79$26,146,069$4,801,047$2,616,979$17,322,583
80$28,722,524$4,945,854$2,614,204$18,888,715
81$31,558,928$5,094,908$2,608,486$20,609,793
82$34,681,707$5,248,327$2,599,639$22,501,525
83$38,119,978$5,406,232$2,587,464$24,581,217
84$41,905,826$5,568,747$2,571,754$26,867,939
85$46,074,605$5,736,001$2,552,292$29,382,706
86$50,665,273$5,908,123$2,528,852$32,148,675
87$55,720,757$6,085,247$2,501,195$35,191,362
88$61,288,361$6,267,511$2,469,072$38,538,888
89$67,420,209$6,455,054$2,432,221$42,222,239
90$74,173,739$6,648,020$2,390,369$46,275,560
91$81,612,245$6,846,557$2,343,230$50,736,479
92$89,805,470$7,050,815$2,290,505$55,646,461
93$98,830,272$7,260,949$2,231,881$61,051,198
94$108,771,339$7,477,115$2,167,028$67,001,044
95$119,721,997$7,699,475$2,095,605$73,551,487
96$131,785,085$7,928,194$2,017,252$80,763,674
97$145,073,929$8,163,440$1,931,596$88,704,990
98$159,713,408$8,405,387$1,838,243$97,449,689
99$175,841,135$8,654,211$1,736,783$107,079,602
100$193,608,755$8,910,091$1,626,789$117,684,906