Can I retire at age 51 with 2,000,000?

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 $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$165,158$163,687$162,252$160,851$159,483$153,276
2 years$81,761$80,239$78,763$77,332$75,944$69,766
3 years$53,966$52,437$50,965$49,547$48,182$42,227
4 years$40,071$38,547$37,089$35,696$34,364$28,677
5 years$31,737$30,221$28,783$27,418$26,123$20,719
6 years$26,182$24,678$23,261$21,926$20,670$15,553
7 years$22,216$20,724$19,330$18,027$16,810$11,978
8 years$19,243$17,765$16,393$15,122$13,946$9,393
9 years$16,931$15,467$14,120$12,881$11,744$7,465
10 years$15,083$13,634$12,310$11,103$10,007$5,993
11 years$13,572$12,137$10,837$9,663$8,606$4,848
12 years$12,314$10,894$9,618$8,476$7,458$3,946
13 years$11,250$9,845$8,593$7,483$6,503$3,227
14 years$10,339$8,949$7,721$6,643$5,701$2,649
15 years$9,550$8,175$6,971$5,924$5,020$2,182
16 years$8,861$7,500$6,320$5,304$4,436$1,801
17 years$8,253$6,907$5,751$4,766$3,934$1,490
18 years$7,713$6,383$5,250$4,295$3,497$1,235
19 years$7,231$5,915$4,806$3,881$3,117$1,025
20 years$6,797$5,497$4,411$3,515$2,785$851
21 years$6,406$5,120$4,057$3,190$2,492$708
22 years$6,050$4,779$3,739$2,900$2,234$589
23 years$5,726$4,470$3,452$2,642$2,005$491
24 years$5,429$4,188$3,193$2,409$1,802$409
25 years$5,156$3,930$2,957$2,200$1,622$341
26 years$4,905$3,694$2,743$2,012$1,461$284
27 years$4,673$3,476$2,547$1,841$1,317$237
28 years$4,458$3,276$2,368$1,687$1,188$198
29 years$4,258$3,090$2,203$1,547$1,073$165
30 years$4,071$2,919$2,052$1,420$970$138
31 years$3,897$2,759$1,913$1,304$877$115
32 years$3,734$2,611$1,785$1,198$793$96
33 years$3,582$2,472$1,667$1,102$718$80
34 years$3,438$2,343$1,557$1,014$650$67
35 years$3,304$2,222$1,456$933$588$56
36 years$3,176$2,109$1,362$860$533$47
37 years$3,057$2,003$1,275$792$483$39
38 years$2,943$1,904$1,194$730$438$33
39 years$2,836$1,811$1,119$673$397$27
40 years$2,734$1,723$1,048$621$360$23
41 years$2,638$1,640$983$573$327$19
42 years$2,546$1,562$922$529$297$16
43 years$2,459$1,488$865$488$269$13
44 years$2,376$1,418$812$451$244$11
45 years$2,297$1,352$763$416$222$9
46 years$2,222$1,290$716$384$201$8
47 years$2,150$1,231$673$355$183$6
48 years$2,081$1,175$632$328$166$5
49 years$2,016$1,122$594$303$151$5
50 years$1,953$1,072$559$280$137$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,000,000, adding $3,976 every year, while hoping to spend $57,088 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: 77/15/8 Blend
50$2,000,000$2,000,000$2,000,000$2,000,000
51$2,208,101$2,102,101$2,071,101$2,375,303
52$2,372,586$2,144,363$2,079,742$2,527,983
53$2,551,936$2,186,782$2,086,759$2,687,592
54$2,747,605$2,229,306$2,092,037$2,860,928
55$2,961,197$2,271,879$2,095,456$3,049,331
56$3,194,475$2,314,437$2,096,890$3,254,278
57$3,449,381$2,356,914$2,096,206$3,477,395
58$3,728,054$2,399,239$2,093,265$3,720,475
59$4,032,847$2,441,333$2,087,920$3,985,489
60$4,366,351$2,483,112$2,080,020$4,274,612
61$4,731,420$2,524,486$2,069,402$4,590,238
62$5,131,198$2,565,358$2,055,899$4,935,003
63$5,569,143$2,605,624$2,039,335$5,311,815
64$6,049,068$2,645,171$2,019,525$5,723,873
65$6,575,168$2,683,881$1,996,275$6,174,705
66$7,152,068$2,721,623$1,969,382$6,668,197
67$7,784,858$2,758,262$1,938,635$7,208,629
68$8,479,145$2,793,648$1,903,812$7,800,718
69$9,241,108$2,827,627$1,864,679$8,449,663
70$10,077,548$2,860,028$1,820,993$9,161,190
71$10,995,962$2,890,673$1,772,500$9,941,609
72$12,004,605$2,919,371$1,718,934$10,797,875
73$13,112,572$2,945,917$1,660,015$11,737,650
74$14,329,881$2,970,094$1,595,453$12,769,377
75$15,667,571$2,991,671$1,524,942$13,902,361
76$17,137,800$3,010,399$1,448,165$15,146,854
77$18,753,965$3,026,018$1,364,788$16,514,155
78$20,530,824$3,038,248$1,274,463$18,016,716
79$22,484,637$3,046,791$1,176,827$19,668,256
80$24,633,319$3,051,333$1,071,499$21,483,896
81$26,996,607$3,051,538$958,084$23,480,299
82$29,596,247$3,047,049$836,166$25,675,828
83$32,456,198$3,037,489$705,312$28,090,717
84$35,602,861$3,022,456$565,070$30,747,269
85$39,065,321$3,001,525$414,968$33,670,058
86$42,875,628$2,974,244$254,513$36,886,168
87$47,069,094$2,940,133$83,191$40,425,446
88$51,684,628$2,898,686$0$44,320,783
89$56,765,102$2,849,364$0$48,616,934
90$62,357,758$2,791,598$0$53,353,472
91$68,514,646$2,724,784$0$58,567,362
92$75,293,124$2,648,282$0$64,307,172
93$82,756,391$2,561,417$0$70,626,423
94$90,974,088$2,463,471$0$77,584,096
95$100,022,950$2,353,686$0$85,245,184
96$109,987,536$2,231,262$0$93,681,314
97$120,961,021$2,095,350$0$102,971,412
98$133,046,076$1,945,052$0$113,202,461
99$146,355,837$1,779,422$0$124,470,311
100$161,014,975$1,597,456$0$136,880,592