Can I retire at age 51 with 1,980,000?

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$163,507$162,050$160,629$159,242$157,888$155,336
2 years$80,944$79,436$77,975$76,559$75,185$72,621
3 years$53,427$51,913$50,455$49,052$47,700$45,204
4 years$39,671$38,161$36,718$35,339$34,020$31,611
5 years$31,419$29,919$28,495$27,144$25,862$23,546
6 years$25,920$24,431$23,028$21,707$20,463$18,245
7 years$21,994$20,517$19,137$17,847$16,642$14,521
8 years$19,050$17,587$16,229$14,971$13,806$11,782
9 years$16,762$15,313$13,978$12,752$11,627$9,698
10 years$14,932$13,497$12,187$10,992$9,907$8,072
11 years$13,437$12,016$10,729$9,567$8,520$6,778
12 years$12,191$10,785$9,522$8,391$7,383$5,731
13 years$11,138$9,746$8,507$7,408$6,438$4,874
14 years$10,236$8,859$7,644$6,576$5,644$4,164
15 years$9,455$8,093$6,901$5,865$4,969$3,572
16 years$8,772$7,425$6,257$5,251$4,392$3,074
17 years$8,170$6,838$5,693$4,718$3,894$2,653
18 years$7,636$6,319$5,197$4,252$3,463$2,295
19 years$7,159$5,856$4,758$3,842$3,086$1,989
20 years$6,729$5,442$4,367$3,480$2,757$1,727
21 years$6,342$5,069$4,016$3,158$2,467$1,501
22 years$5,989$4,732$3,702$2,871$2,211$1,307
23 years$5,668$4,425$3,418$2,615$1,985$1,139
24 years$5,375$4,146$3,161$2,385$1,784$994
25 years$5,105$3,891$2,928$2,178$1,605$868
26 years$4,856$3,657$2,715$1,992$1,446$758
27 years$4,626$3,442$2,521$1,823$1,304$663
28 years$4,413$3,243$2,344$1,670$1,176$580
29 years$4,215$3,059$2,181$1,532$1,062$507
30 years$4,030$2,889$2,032$1,406$960$444
31 years$3,858$2,731$1,894$1,291$868$389
32 years$3,697$2,584$1,767$1,186$785$341
33 years$3,546$2,448$1,650$1,091$710$299
34 years$3,404$2,320$1,542$1,004$643$262
35 years$3,270$2,200$1,441$924$583$229
36 years$3,145$2,088$1,348$851$528$201
37 years$3,026$1,983$1,262$784$478$176
38 years$2,914$1,885$1,182$723$434$155
39 years$2,808$1,792$1,107$666$393$136
40 years$2,707$1,705$1,038$615$357$119
41 years$2,612$1,623$973$567$324$104
42 years$2,521$1,546$913$523$294$92
43 years$2,435$1,473$857$483$267$80
44 years$2,353$1,404$804$446$242$71
45 years$2,274$1,339$755$412$220$62
46 years$2,200$1,277$709$381$199$54
47 years$2,129$1,219$666$352$181$48
48 years$2,060$1,164$626$325$164$42
49 years$1,995$1,111$588$300$149$37
50 years$1,933$1,061$553$278$136$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,980,000, adding $2,394 every year, while hoping to spend $40,556 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: 80/15/5 Blend
50$1,980,000$1,980,000$1,980,000$1,980,000
51$2,184,429$2,079,489$2,048,799$2,358,649
52$2,364,090$2,138,233$2,074,283$2,531,732
53$2,560,717$2,198,496$2,099,261$2,715,974
54$2,775,997$2,260,310$2,123,673$2,916,880
55$3,011,790$2,323,706$2,147,458$3,136,091
56$3,270,142$2,388,717$2,170,547$3,375,412
57$3,553,307$2,455,375$2,192,871$3,636,832
58$3,863,767$2,523,711$2,214,355$3,922,540
59$4,204,258$2,593,759$2,234,922$4,234,950
60$4,577,789$2,665,550$2,254,489$4,576,716
61$4,987,679$2,739,118$2,272,970$4,950,763
62$5,437,580$2,814,492$2,290,272$5,360,313
63$5,931,518$2,891,707$2,306,301$5,808,915
64$6,473,926$2,970,794$2,320,955$6,300,476
65$7,069,687$3,051,783$2,334,128$6,839,302
66$7,724,181$3,134,707$2,345,707$7,430,135
67$8,443,336$3,219,596$2,355,577$8,078,200
68$9,233,680$3,306,480$2,363,612$8,789,249
69$10,102,406$3,395,388$2,369,684$9,569,624
70$11,057,439$3,486,350$2,373,657$10,426,309
71$12,107,511$3,579,394$2,375,387$11,366,997
72$13,262,239$3,674,547$2,374,725$12,400,166
73$14,532,223$3,771,835$2,371,513$13,535,154
74$15,929,137$3,871,282$2,365,586$14,782,252
75$17,465,848$3,972,914$2,356,772$16,152,796
76$19,156,529$4,076,751$2,344,888$17,659,276
77$21,016,798$4,182,815$2,329,745$19,315,456
78$23,063,863$4,291,125$2,311,144$21,136,497
79$25,316,685$4,401,697$2,288,874$23,139,108
80$27,796,153$4,514,548$2,262,719$25,341,698
81$30,525,289$4,629,688$2,232,448$27,764,551
82$33,529,455$4,747,130$2,197,821$30,430,016
83$36,836,599$4,866,879$2,158,588$33,362,723
84$40,477,518$4,988,941$2,114,486$36,589,806
85$44,486,142$5,113,317$2,065,239$40,141,167
86$48,899,864$5,240,005$2,010,560$44,049,756
87$53,759,884$5,368,999$1,950,147$48,351,878
88$59,111,601$5,500,289$1,883,686$53,087,541
89$65,005,042$5,633,860$1,810,847$58,300,828
90$71,495,331$5,769,695$1,731,286$64,040,318
91$78,643,213$5,907,768$1,644,642$70,359,539
92$86,515,623$6,048,051$1,550,540$77,317,480
93$95,186,319$6,190,507$1,448,585$84,979,138
94$104,736,578$6,335,097$1,338,367$93,416,141
95$115,255,963$6,481,771$1,219,457$102,707,419
96$126,843,168$6,630,474$1,091,405$112,939,947
97$139,606,946$6,781,142$953,742$124,209,570
98$153,667,142$6,933,706$805,980$136,621,907
99$169,155,817$7,088,084$647,607$150,293,343
100$186,218,498$7,244,187$478,089$165,352,135