Can I retire at age 51 with 1,990,000?

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 $1,990,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$164,332$162,869$161,440$160,046$158,685$155,228
2 years$81,353$79,838$78,369$76,945$75,564$72,098
3 years$53,696$52,175$50,710$49,300$47,941$44,575
4 years$39,871$38,354$36,904$35,518$34,192$30,951
5 years$31,578$30,070$28,639$27,281$25,992$22,886
6 years$26,051$24,554$23,145$21,817$20,567$17,599
7 years$22,105$20,621$19,233$17,937$16,726$13,897
8 years$19,146$17,676$16,311$15,047$13,876$11,185
9 years$16,847$15,390$14,049$12,816$11,686$9,130
10 years$15,008$13,565$12,248$11,048$9,957$7,534
11 years$13,504$12,077$10,783$9,615$8,563$6,270
12 years$12,253$10,839$9,570$8,434$7,421$5,254
13 years$11,194$9,796$8,550$7,446$6,471$4,427
14 years$10,288$8,904$7,682$6,609$5,672$3,747
15 years$9,503$8,134$6,936$5,894$4,994$3,183
16 years$8,816$7,463$6,288$5,278$4,414$2,712
17 years$8,212$6,873$5,722$4,742$3,914$2,317
18 years$7,675$6,351$5,224$4,274$3,480$1,984
19 years$7,195$5,886$4,782$3,862$3,102$1,702
20 years$6,763$5,469$4,389$3,497$2,771$1,462
21 years$6,374$5,095$4,037$3,174$2,479$1,258
22 years$6,020$4,756$3,720$2,886$2,222$1,083
23 years$5,697$4,448$3,435$2,628$1,995$934
24 years$5,402$4,167$3,177$2,397$1,793$806
25 years$5,131$3,911$2,943$2,189$1,614$696
26 years$4,881$3,676$2,729$2,002$1,453$601
27 years$4,649$3,459$2,534$1,832$1,310$520
28 years$4,435$3,259$2,356$1,679$1,182$449
29 years$4,236$3,075$2,192$1,539$1,068$389
30 years$4,051$2,904$2,042$1,413$965$336
31 years$3,878$2,745$1,904$1,298$872$291
32 years$3,716$2,598$1,776$1,192$789$252
33 years$3,564$2,460$1,658$1,097$714$218
34 years$3,421$2,331$1,550$1,009$646$189
35 years$3,287$2,211$1,449$929$586$164
36 years$3,161$2,099$1,355$855$530$142
37 years$3,041$1,993$1,269$788$481$123
38 years$2,928$1,894$1,188$726$436$107
39 years$2,822$1,801$1,113$670$395$92
40 years$2,721$1,714$1,043$618$359$80
41 years$2,625$1,632$978$570$325$69
42 years$2,534$1,554$918$526$295$60
43 years$2,447$1,480$861$486$268$52
44 years$2,364$1,411$808$448$243$45
45 years$2,286$1,346$759$414$221$39
46 years$2,211$1,284$713$382$200$34
47 years$2,139$1,225$670$353$182$30
48 years$2,071$1,170$629$327$165$26
49 years$2,006$1,117$591$302$150$22
50 years$1,943$1,067$556$279$136$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,990,000, adding $3,759 every year, while hoping to spend $20,184 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: 45/33/22 Blend
50$1,990,000$1,990,000$1,990,000$1,990,000
51$2,196,857$2,091,387$2,060,542$2,281,633
52$2,399,461$2,172,390$2,108,095$2,422,718
53$2,622,054$2,256,685$2,156,564$2,573,349
54$2,866,654$2,344,412$2,205,959$2,736,294
55$3,135,483$2,435,719$2,256,289$2,912,708
56$3,430,990$2,530,757$2,307,563$3,103,859
57$3,755,873$2,629,686$2,359,788$3,311,142
58$4,113,104$2,732,673$2,412,973$3,536,092
59$4,505,958$2,839,891$2,467,125$3,780,393
60$4,938,043$2,951,523$2,522,250$4,045,899
61$5,413,333$3,067,757$2,578,355$4,334,649
62$5,936,208$3,188,793$2,635,446$4,648,885
63$6,511,494$3,314,836$2,693,526$4,991,072
64$7,144,508$3,446,105$2,752,601$5,363,922
65$7,841,108$3,582,824$2,812,673$5,770,421
66$8,607,749$3,725,230$2,873,745$6,213,851
67$9,451,542$3,873,570$2,935,819$6,697,825
68$10,380,326$4,028,101$2,998,895$7,226,319
69$11,402,734$4,189,093$3,062,973$7,803,709
70$12,528,282$4,356,827$3,128,051$8,434,809
71$13,767,453$4,531,598$3,194,128$9,124,920
72$15,131,801$4,713,714$3,261,198$9,879,878
73$16,634,053$4,903,495$3,329,258$10,706,104
74$18,288,239$5,101,278$3,398,299$11,610,669
75$20,109,812$5,307,414$3,468,316$12,601,358
76$22,115,806$5,522,270$3,539,297$13,686,742
77$24,324,987$5,746,230$3,611,233$14,876,258
78$26,758,036$5,979,695$3,684,109$16,180,297
79$29,437,740$6,223,085$3,757,911$17,610,302
80$32,389,212$6,476,838$3,832,623$19,178,874
81$35,640,121$6,741,413$3,908,226$20,899,890
82$39,220,960$7,017,289$3,984,698$22,788,631
83$43,165,330$7,304,968$4,062,017$24,861,929
84$47,510,256$7,604,974$4,140,157$27,138,320
85$52,296,539$7,917,855$4,219,090$29,638,222
86$57,569,141$8,244,184$4,298,784$32,384,121
87$63,377,606$8,584,562$4,379,206$35,400,788
88$69,776,532$8,939,616$4,460,320$38,715,506
89$76,826,082$9,310,001$4,542,084$42,358,329
90$84,592,555$9,696,403$4,624,457$46,362,361
91$93,149,010$10,099,541$4,707,390$50,764,070
92$102,575,956$10,520,166$4,790,835$55,603,630
93$112,962,111$10,959,062$4,874,735$60,925,296
94$124,405,241$11,417,051$4,959,034$66,777,822
95$137,013,083$11,894,993$5,043,668$73,214,915
96$150,904,357$12,393,787$5,128,571$80,295,748
97$166,209,893$12,914,374$5,213,670$88,085,508
98$183,073,862$13,457,739$5,298,888$96,656,012
99$201,655,139$14,024,911$5,384,144$106,086,386
100$222,128,800$14,616,969$5,469,349$116,463,802