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%16.3%
1 years$163,507$162,050$160,629$159,242$157,888$153,821
2 years$80,944$79,436$77,975$76,559$75,185$71,115
3 years$53,427$51,913$50,455$49,052$47,700$43,754
4 years$39,671$38,161$36,718$35,339$34,020$30,229
5 years$31,419$29,919$28,495$27,144$25,862$22,235
6 years$25,920$24,431$23,028$21,707$20,463$17,005
7 years$21,994$20,517$19,137$17,847$16,642$13,352
8 years$19,050$17,587$16,229$14,971$13,806$10,684
9 years$16,762$15,313$13,978$12,752$11,627$8,669
10 years$14,932$13,497$12,187$10,992$9,907$7,109
11 years$13,437$12,016$10,729$9,567$8,520$5,879
12 years$12,191$10,785$9,522$8,391$7,383$4,894
13 years$11,138$9,746$8,507$7,408$6,438$4,096
14 years$10,236$8,859$7,644$6,576$5,644$3,443
15 years$9,455$8,093$6,901$5,865$4,969$2,905
16 years$8,772$7,425$6,257$5,251$4,392$2,458
17 years$8,170$6,838$5,693$4,718$3,894$2,085
18 years$7,636$6,319$5,197$4,252$3,463$1,772
19 years$7,159$5,856$4,758$3,842$3,086$1,509
20 years$6,729$5,442$4,367$3,480$2,757$1,286
21 years$6,342$5,069$4,016$3,158$2,467$1,098
22 years$5,989$4,732$3,702$2,871$2,211$938
23 years$5,668$4,425$3,418$2,615$1,985$803
24 years$5,375$4,146$3,161$2,385$1,784$687
25 years$5,105$3,891$2,928$2,178$1,605$589
26 years$4,856$3,657$2,715$1,992$1,446$504
27 years$4,626$3,442$2,521$1,823$1,304$432
28 years$4,413$3,243$2,344$1,670$1,176$371
29 years$4,215$3,059$2,181$1,532$1,062$318
30 years$4,030$2,889$2,032$1,406$960$273
31 years$3,858$2,731$1,894$1,291$868$235
32 years$3,697$2,584$1,767$1,186$785$201
33 years$3,546$2,448$1,650$1,091$710$173
34 years$3,404$2,320$1,542$1,004$643$149
35 years$3,270$2,200$1,441$924$583$128
36 years$3,145$2,088$1,348$851$528$110
37 years$3,026$1,983$1,262$784$478$94
38 years$2,914$1,885$1,182$723$434$81
39 years$2,808$1,792$1,107$666$393$70
40 years$2,707$1,705$1,038$615$357$60
41 years$2,612$1,623$973$567$324$51
42 years$2,521$1,546$913$523$294$44
43 years$2,435$1,473$857$483$267$38
44 years$2,353$1,404$804$446$242$33
45 years$2,274$1,339$755$412$220$28
46 years$2,200$1,277$709$381$199$24
47 years$2,129$1,219$666$352$181$21
48 years$2,060$1,164$626$325$164$18
49 years$1,995$1,111$588$300$149$15
50 years$1,933$1,061$553$278$136$13

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 $6,024 every year, while hoping to spend $24,894 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: 39/36/25 Blend
50$1,980,000$1,980,000$1,980,000$1,980,000
51$2,188,174$2,083,234$2,052,544$2,257,063
52$2,384,880$2,158,825$2,094,817$2,383,224
53$2,600,817$2,237,286$2,137,672$2,516,786
54$2,837,918$2,318,731$2,181,102$2,660,723
55$3,098,316$2,403,279$2,225,099$2,815,991
56$3,384,359$2,491,055$2,269,655$2,983,647
57$3,698,634$2,582,186$2,314,758$3,164,846
58$4,043,990$2,676,809$2,360,398$3,360,863
59$4,423,568$2,775,064$2,406,562$3,573,097
60$4,840,826$2,877,096$2,453,236$3,803,085
61$5,299,575$2,983,058$2,500,405$4,052,519
62$5,804,013$3,093,110$2,548,050$4,323,260
63$6,358,767$3,207,417$2,596,154$4,617,352
64$6,968,932$3,326,151$2,644,695$4,937,047
65$7,640,123$3,449,492$2,693,653$5,284,819
66$8,378,527$3,577,629$2,743,002$5,663,392
67$9,190,960$3,710,756$2,792,715$6,075,763
68$10,084,933$3,849,078$2,842,766$6,525,230
69$11,068,720$3,992,807$2,893,123$7,015,421
70$12,151,440$4,142,165$2,943,754$7,550,331
71$13,343,140$4,297,384$2,994,622$8,134,356
72$14,654,889$4,458,705$3,045,691$8,772,334
73$16,098,885$4,626,378$3,096,919$9,469,593
74$17,688,568$4,800,668$3,148,263$10,231,997
75$19,438,748$4,981,847$3,199,676$11,066,003
76$21,365,744$5,170,201$3,251,108$11,978,718
77$23,487,538$5,366,028$3,302,508$12,977,970
78$25,823,942$5,569,639$3,353,817$14,072,378
79$28,396,791$5,781,358$3,404,977$15,271,432
80$31,230,143$6,001,524$3,455,923$16,585,584
81$34,350,509$6,230,490$3,506,588$18,026,342
82$37,787,101$6,468,624$3,556,898$19,606,384
83$41,572,109$6,716,311$3,606,779$21,339,668
84$45,741,007$6,973,953$3,656,149$23,241,572
85$50,332,881$7,241,968$3,704,921$25,329,031
86$55,390,805$7,520,794$3,753,005$27,620,698
87$60,962,241$7,810,888$3,800,306$30,137,120
88$67,099,494$8,112,726$3,846,720$32,900,929
89$73,860,199$8,426,805$3,892,142$35,937,057
90$81,307,866$8,753,646$3,936,456$39,272,967
91$89,512,485$9,093,791$3,979,544$42,938,911
92$98,551,178$9,447,807$4,021,278$46,968,218
93$108,508,933$9,816,284$4,061,525$51,397,603
94$119,479,404$10,199,841$4,100,146$56,267,512
95$131,565,793$10,599,123$4,136,990$61,622,507
96$144,881,827$11,014,804$4,171,903$67,511,679
97$159,552,832$11,447,587$4,204,720$73,989,114
98$175,716,910$11,898,208$4,235,267$81,114,398
99$193,526,249$12,367,435$4,263,363$88,953,182
100$213,148,556$12,856,069$4,288,816$97,577,798