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

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 $1,980,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$163,507$162,050$160,629$159,242$157,888$156,762
2 years$80,944$79,436$77,975$76,559$75,185$74,049
3 years$53,427$51,913$50,455$49,052$47,700$46,590
4 years$39,671$38,161$36,718$35,339$34,020$32,944
5 years$31,419$29,919$28,495$27,144$25,862$24,823
6 years$25,920$24,431$23,028$21,707$20,463$19,464
7 years$21,994$20,517$19,137$17,847$16,642$15,682
8 years$19,050$17,587$16,229$14,971$13,806$12,885
9 years$16,762$15,313$13,978$12,752$11,627$10,745
10 years$14,932$13,497$12,187$10,992$9,907$9,063
11 years$13,437$12,016$10,729$9,567$8,520$7,715
12 years$12,191$10,785$9,522$8,391$7,383$6,615
13 years$11,138$9,746$8,507$7,408$6,438$5,707
14 years$10,236$8,859$7,644$6,576$5,644$4,948
15 years$9,455$8,093$6,901$5,865$4,969$4,308
16 years$8,772$7,425$6,257$5,251$4,392$3,764
17 years$8,170$6,838$5,693$4,718$3,894$3,299
18 years$7,636$6,319$5,197$4,252$3,463$2,899
19 years$7,159$5,856$4,758$3,842$3,086$2,553
20 years$6,729$5,442$4,367$3,480$2,757$2,253
21 years$6,342$5,069$4,016$3,158$2,467$1,991
22 years$5,989$4,732$3,702$2,871$2,211$1,762
23 years$5,668$4,425$3,418$2,615$1,985$1,562
24 years$5,375$4,146$3,161$2,385$1,784$1,386
25 years$5,105$3,891$2,928$2,178$1,605$1,231
26 years$4,856$3,657$2,715$1,992$1,446$1,094
27 years$4,626$3,442$2,521$1,823$1,304$974
28 years$4,413$3,243$2,344$1,670$1,176$867
29 years$4,215$3,059$2,181$1,532$1,062$772
30 years$4,030$2,889$2,032$1,406$960$688
31 years$3,858$2,731$1,894$1,291$868$614
32 years$3,697$2,584$1,767$1,186$785$548
33 years$3,546$2,448$1,650$1,091$710$489
34 years$3,404$2,320$1,542$1,004$643$436
35 years$3,270$2,200$1,441$924$583$390
36 years$3,145$2,088$1,348$851$528$348
37 years$3,026$1,983$1,262$784$478$311
38 years$2,914$1,885$1,182$723$434$278
39 years$2,808$1,792$1,107$666$393$248
40 years$2,707$1,705$1,038$615$357$222
41 years$2,612$1,623$973$567$324$199
42 years$2,521$1,546$913$523$294$178
43 years$2,435$1,473$857$483$267$159
44 years$2,353$1,404$804$446$242$142
45 years$2,274$1,339$755$412$220$127
46 years$2,200$1,277$709$381$199$114
47 years$2,129$1,219$666$352$181$102
48 years$2,060$1,164$626$325$164$91
49 years$1,995$1,111$588$300$149$81
50 years$1,933$1,061$553$278$136$73

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 $4,310 every year, while hoping to spend $45,330 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: 36/48/16 Blend
50$1,980,000$1,980,000$1,980,000$1,980,000
51$2,186,406$2,081,466$2,050,776$2,254,275
52$2,361,188$2,135,227$2,071,246$2,357,525
53$2,552,280$2,190,103$2,090,883$2,464,313
54$2,761,295$2,246,101$2,109,610$2,578,629
55$2,990,013$2,303,226$2,127,348$2,701,169
56$3,240,394$2,361,483$2,144,013$2,832,699
57$3,514,593$2,420,875$2,159,517$2,974,060
58$3,814,986$2,481,402$2,173,766$3,126,182
59$4,144,190$2,543,066$2,186,662$3,290,085
60$4,505,084$2,605,864$2,198,102$3,466,895
61$4,900,843$2,669,791$2,207,979$3,657,850
62$5,334,961$2,734,843$2,216,178$3,864,315
63$5,811,287$2,801,010$2,222,580$4,087,794
64$6,334,061$2,868,282$2,227,059$4,329,943
65$6,907,954$2,936,647$2,229,484$4,592,587
66$7,538,110$3,006,088$2,229,717$4,877,735
67$8,230,197$3,076,586$2,227,612$5,187,602
68$8,990,458$3,148,119$2,223,018$5,524,630
69$9,825,770$3,220,662$2,215,774$5,891,508
70$10,743,709$3,294,186$2,205,714$6,291,199
71$11,752,624$3,368,657$2,192,661$6,726,969
72$12,861,709$3,444,038$2,176,433$7,202,417
73$14,081,095$3,520,288$2,156,835$7,721,510
74$15,421,945$3,597,361$2,133,668$8,288,620
75$16,896,556$3,675,204$2,106,718$8,908,564
76$18,518,477$3,753,761$2,075,765$9,586,653
77$20,302,635$3,832,969$2,040,577$10,328,738
78$22,265,479$3,912,759$2,000,911$11,141,271
79$24,425,130$3,993,057$1,956,514$12,031,361
80$26,801,556$4,073,779$1,907,120$13,006,844
81$29,416,756$4,154,836$1,852,450$14,076,357
82$32,294,973$4,236,130$1,792,214$15,249,421
83$35,462,915$4,317,555$1,726,108$16,536,527
84$38,950,013$4,398,997$1,653,814$17,949,243
85$42,788,697$4,480,330$1,574,999$19,500,314
86$47,014,699$4,561,421$1,489,317$21,203,794
87$51,667,392$4,642,124$1,396,402$23,075,168
88$56,790,162$4,722,284$1,295,877$25,131,507
89$62,430,813$4,801,731$1,187,344$27,391,627
90$68,642,025$4,880,285$1,070,389$29,876,266
91$75,481,844$4,957,751$944,579$32,608,285
92$83,014,231$5,033,920$809,462$35,612,877
93$91,309,669$5,108,568$664,566$38,917,815
94$100,445,823$5,181,456$509,397$42,553,707
95$110,508,276$5,252,326$343,440$46,554,292
96$121,591,334$5,320,904$166,159$50,956,756
97$133,798,917$5,386,895$0$55,802,086
98$147,245,540$5,449,986$0$61,139,389
99$162,057,390$5,509,841$0$67,045,053
100$178,373,523$5,566,102$0$73,545,667