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

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$162,681$161,232$159,818$158,438$157,091$150,798
2 years$80,535$79,035$77,582$76,172$74,805$68,545
3 years$53,157$51,650$50,200$48,804$47,459$41,428
4 years$39,470$37,968$36,533$35,161$33,848$28,092
5 years$31,260$29,768$28,351$27,007$25,731$20,264
6 years$25,789$24,308$22,912$21,598$20,360$15,186
7 years$21,883$20,413$19,040$17,757$16,558$11,675
8 years$18,954$17,498$16,147$14,896$13,737$9,140
9 years$16,677$15,235$13,908$12,688$11,568$7,250
10 years$14,857$13,429$12,125$10,937$9,857$5,809
11 years$13,369$11,955$10,675$9,518$8,477$4,690
12 years$12,129$10,730$9,474$8,349$7,346$3,810
13 years$11,082$9,697$8,464$7,371$6,406$3,109
14 years$10,184$8,814$7,605$6,543$5,615$2,547
15 years$9,407$8,052$6,866$5,835$4,944$2,093
16 years$8,728$7,388$6,225$5,225$4,370$1,725
17 years$8,129$6,804$5,665$4,694$3,875$1,424
18 years$7,598$6,287$5,171$4,231$3,445$1,177
19 years$7,122$5,827$4,734$3,823$3,071$975
20 years$6,695$5,414$4,345$3,462$2,743$808
21 years$6,310$5,043$3,996$3,142$2,454$670
22 years$5,959$4,708$3,683$2,857$2,200$556
23 years$5,640$4,403$3,401$2,602$1,975$462
24 years$5,347$4,125$3,145$2,373$1,775$384
25 years$5,079$3,871$2,913$2,167$1,597$320
26 years$4,831$3,639$2,702$1,982$1,439$266
27 years$4,603$3,424$2,509$1,814$1,297$221
28 years$4,391$3,227$2,332$1,662$1,170$184
29 years$4,194$3,044$2,170$1,524$1,057$153
30 years$4,010$2,875$2,022$1,399$955$128
31 years$3,839$2,718$1,885$1,285$863$106
32 years$3,678$2,571$1,758$1,180$781$88
33 years$3,528$2,435$1,642$1,086$707$74
34 years$3,387$2,308$1,534$999$640$61
35 years$3,254$2,189$1,434$919$580$51
36 years$3,129$2,078$1,342$847$525$43
37 years$3,011$1,973$1,256$780$476$36
38 years$2,899$1,875$1,176$719$432$30
39 years$2,793$1,783$1,102$663$391$25
40 years$2,693$1,697$1,033$612$355$21
41 years$2,598$1,615$968$564$322$17
42 years$2,508$1,538$908$521$292$14
43 years$2,422$1,466$852$481$265$12
44 years$2,341$1,397$800$444$241$10
45 years$2,263$1,332$751$410$219$8
46 years$2,189$1,271$706$379$198$7
47 years$2,118$1,213$663$350$180$6
48 years$2,050$1,158$623$323$164$5
49 years$1,985$1,106$586$299$149$4
50 years$1,923$1,056$550$276$135$3

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 $4,119 every year, while hoping to spend $47,079 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: 35/38/27 Blend
50$1,970,000$1,970,000$1,970,000$1,970,000
51$2,175,189$2,070,779$2,040,244$2,233,475
52$2,346,966$2,122,155$2,058,500$2,328,747
53$2,534,687$2,174,471$2,075,790$2,426,930
54$2,739,928$2,227,723$2,092,032$2,531,954
55$2,964,425$2,281,906$2,107,139$2,644,462
56$3,210,088$2,337,011$2,121,021$2,765,164
57$3,479,023$2,393,031$2,133,581$2,894,841
58$3,773,547$2,449,953$2,144,719$3,034,354
59$4,096,212$2,507,763$2,154,330$3,184,652
60$4,449,828$2,566,446$2,162,302$3,346,783
61$4,837,490$2,625,982$2,168,519$3,521,899
62$5,262,608$2,686,349$2,172,859$3,711,274
63$5,728,937$2,747,522$2,175,192$3,916,309
64$6,240,611$2,809,474$2,175,384$4,138,552
65$6,802,187$2,872,172$2,173,293$4,379,706
66$7,418,683$2,935,581$2,168,771$4,641,652
67$8,095,625$2,999,661$2,161,661$4,926,462
68$8,839,103$3,064,368$2,151,801$5,236,423
69$9,655,824$3,129,654$2,139,019$5,574,054
70$10,553,176$3,195,466$2,123,135$5,942,134
71$11,539,302$3,261,746$2,103,961$6,343,727
72$12,623,168$3,328,428$2,081,301$6,782,212
73$13,814,654$3,395,444$2,054,947$7,261,314
74$15,124,645$3,462,717$2,024,685$7,785,142
75$16,565,133$3,530,165$1,990,286$8,358,223
76$18,149,332$3,597,698$1,951,516$8,985,554
77$19,891,797$3,665,218$1,908,124$9,672,640
78$21,808,567$3,732,621$1,859,854$10,425,554
79$23,917,314$3,799,792$1,806,432$11,250,990
80$26,237,507$3,866,610$1,747,575$12,156,331
81$28,790,600$3,932,941$1,682,986$13,149,714
82$31,600,230$3,998,644$1,612,354$14,240,116
83$34,692,441$4,063,565$1,535,356$15,437,428
84$38,095,931$4,127,540$1,451,651$16,752,560
85$41,842,320$4,190,394$1,360,886$18,197,539
86$45,966,450$4,251,936$1,262,688$19,785,624
87$50,506,711$4,311,965$1,156,672$21,531,436
88$55,505,408$4,370,263$1,042,432$23,451,090
89$61,009,152$4,426,598$919,546$25,562,355
90$67,069,307$4,480,723$787,573$27,884,820
91$73,742,471$4,532,373$646,051$30,440,082
92$81,091,008$4,581,264$494,499$33,251,947
93$89,183,640$4,627,096$332,414$36,346,662
94$98,096,093$4,669,546$159,272$39,753,158
95$107,911,812$4,708,271$0$43,503,333
96$118,722,747$4,742,906$0$47,639,692
97$130,630,220$4,773,061$0$52,243,093
98$143,745,886$4,798,324$0$57,310,501
99$158,192,777$4,818,253$0$62,889,194
100$174,106,473$4,832,380$0$69,031,276