Can I retire at age 51 with 2,020,000?

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 $2,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$166,810$165,324$163,874$162,459$161,078$154,748
2 years$82,579$81,041$79,551$78,105$76,704$70,404
3 years$54,506$52,961$51,474$50,043$48,664$42,593
4 years$40,472$38,932$37,460$36,053$34,708$28,911
5 years$32,054$30,523$29,071$27,692$26,384$20,877
6 years$26,444$24,925$23,493$22,146$20,877$15,663
7 years$22,438$20,932$19,523$18,207$16,978$12,055
8 years$19,435$17,942$16,557$15,274$14,085$9,449
9 years$17,101$15,622$14,261$13,010$11,862$7,504
10 years$15,234$13,770$12,433$11,214$10,107$6,020
11 years$13,708$12,259$10,946$9,760$8,692$4,867
12 years$12,437$11,003$9,714$8,561$7,533$3,959
13 years$11,363$9,943$8,679$7,558$6,569$3,236
14 years$10,443$9,038$7,798$6,709$5,758$2,654
15 years$9,646$8,256$7,040$5,983$5,070$2,184
16 years$8,949$7,575$6,383$5,357$4,481$1,802
17 years$8,335$6,976$5,808$4,814$3,973$1,490
18 years$7,790$6,447$5,302$4,338$3,532$1,234
19 years$7,303$5,975$4,854$3,920$3,149$1,023
20 years$6,865$5,552$4,455$3,550$2,812$849
21 years$6,470$5,171$4,098$3,222$2,517$706
22 years$6,110$4,827$3,777$2,929$2,256$587
23 years$5,783$4,515$3,487$2,668$2,025$488
24 years$5,483$4,230$3,225$2,433$1,820$406
25 years$5,208$3,970$2,987$2,222$1,638$339
26 years$4,954$3,731$2,770$2,032$1,475$282
27 years$4,720$3,511$2,572$1,860$1,330$235
28 years$4,502$3,309$2,391$1,704$1,200$196
29 years$4,300$3,121$2,225$1,563$1,084$163
30 years$4,112$2,948$2,073$1,434$979$136
31 years$3,936$2,787$1,932$1,317$885$114
32 years$3,772$2,637$1,803$1,210$801$95
33 years$3,618$2,497$1,683$1,113$725$79
34 years$3,473$2,367$1,573$1,024$656$66
35 years$3,337$2,245$1,471$943$594$55
36 years$3,208$2,131$1,376$868$538$46
37 years$3,087$2,023$1,288$800$488$38
38 years$2,973$1,923$1,206$737$442$32
39 years$2,864$1,829$1,130$680$401$27
40 years$2,762$1,740$1,059$627$364$22
41 years$2,664$1,656$993$579$330$19
42 years$2,572$1,577$931$534$300$16
43 years$2,484$1,503$874$493$272$13
44 years$2,400$1,432$820$455$247$11
45 years$2,320$1,366$770$420$224$9
46 years$2,244$1,303$723$388$203$8
47 years$2,172$1,244$680$359$185$6
48 years$2,102$1,187$639$331$168$5
49 years$2,036$1,134$600$306$152$4
50 years$1,972$1,083$564$283$138$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,020,000, adding $3,215 every year, while hoping to spend $46,459 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: 32/42/26 Blend
50$2,020,000$2,020,000$2,020,000$2,020,000
51$2,229,356$2,122,296$2,090,986$2,282,865
52$2,407,319$2,176,857$2,111,602$2,378,466
53$2,601,876$2,232,534$2,131,352$2,477,009
54$2,814,672$2,289,332$2,150,157$2,582,226
55$3,047,517$2,347,258$2,167,935$2,694,737
56$3,302,402$2,406,312$2,184,600$2,815,222
57$3,581,524$2,466,498$2,200,060$2,944,431
58$3,887,297$2,527,814$2,214,220$3,083,191
59$4,222,384$2,590,260$2,226,979$3,232,413
60$4,589,714$2,653,830$2,238,231$3,393,100
61$4,992,517$2,718,520$2,247,863$3,566,357
62$5,434,348$2,784,321$2,255,761$3,753,404
63$5,919,122$2,851,223$2,261,799$3,955,585
64$6,451,152$2,919,213$2,265,849$4,174,379
65$7,035,191$2,988,276$2,267,776$4,411,420
66$7,676,471$3,058,392$2,267,437$4,668,506
67$8,380,758$3,129,540$2,264,684$4,947,621
68$9,154,403$3,201,695$2,259,358$5,250,952
69$10,004,402$3,274,828$2,251,296$5,580,908
70$10,938,463$3,348,906$2,240,327$5,940,149
71$11,965,076$3,423,893$2,226,268$6,331,603
72$13,093,598$3,499,748$2,208,932$6,758,500
73$14,334,333$3,576,424$2,188,119$7,224,401
74$15,698,637$3,653,870$2,163,623$7,733,233
75$17,199,019$3,732,031$2,135,225$8,289,324
76$18,849,262$3,810,843$2,102,699$8,897,445
77$20,664,552$3,890,240$2,065,804$9,562,859
78$22,661,621$3,970,147$2,024,293$10,291,366
79$24,858,903$4,050,481$1,977,904$11,089,360
80$27,276,711$4,131,154$1,926,364$11,963,892
81$29,937,424$4,212,069$1,869,386$12,922,735
82$32,865,703$4,293,122$1,806,671$13,974,458
83$36,088,718$4,374,198$1,737,908$15,128,510
84$39,636,408$4,455,174$1,662,768$16,395,305
85$43,541,761$4,535,918$1,580,911$17,786,327
86$47,841,127$4,616,284$1,491,978$19,314,234
87$52,574,559$4,696,119$1,395,596$20,992,984
88$57,786,191$4,775,255$1,291,375$22,837,960
89$63,524,653$4,853,514$1,178,907$24,866,123
90$69,843,533$4,930,701$1,057,766$27,096,172
91$76,801,879$5,006,611$927,506$29,548,719
92$84,464,756$5,081,021$787,664$32,246,486
93$92,903,864$5,153,693$637,753$35,214,521
94$102,198,206$5,224,373$477,266$38,480,438
95$112,434,844$5,292,788$305,675$42,074,675
96$123,709,710$5,358,646$122,427$46,030,785
97$136,128,517$5,421,637$0$50,385,755
98$149,807,756$5,481,427$0$55,200,644
99$164,875,792$5,537,662$0$60,537,672
100$181,474,079$5,589,964$0$66,412,551