Can I retire at age 51 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$167,636$166,142$164,685$163,264$161,875$159,786
2 years$82,988$81,442$79,944$78,492$77,083$74,982
3 years$54,776$53,223$51,729$50,291$48,905$46,856
4 years$40,672$39,125$37,646$36,232$34,879$32,899
5 years$32,213$30,674$29,215$27,829$26,515$24,608
6 years$26,575$25,048$23,610$22,255$20,980$19,150
7 years$22,549$21,035$19,620$18,297$17,063$15,310
8 years$19,531$18,031$16,639$15,349$14,155$12,479
9 years$17,185$15,699$14,331$13,074$11,921$10,321
10 years$15,310$13,838$12,494$11,270$10,157$8,633
11 years$13,776$12,319$11,000$9,808$8,735$7,285
12 years$12,499$11,057$9,762$8,603$7,570$6,191
13 years$11,419$9,992$8,722$7,595$6,601$5,293
14 years$10,494$9,083$7,837$6,742$5,786$4,547
15 years$9,694$8,297$7,075$6,013$5,095$3,921
16 years$8,994$7,613$6,415$5,384$4,503$3,394
17 years$8,377$7,011$5,837$4,837$3,993$2,945
18 years$7,829$6,478$5,329$4,359$3,550$2,562
19 years$7,339$6,004$4,878$3,939$3,164$2,234
20 years$6,899$5,579$4,477$3,568$2,826$1,951
21 years$6,502$5,197$4,118$3,238$2,529$1,707
22 years$6,141$4,851$3,795$2,944$2,267$1,495
23 years$5,812$4,537$3,504$2,681$2,035$1,311
24 years$5,510$4,251$3,241$2,445$1,829$1,151
25 years$5,234$3,989$3,002$2,233$1,646$1,011
26 years$4,979$3,749$2,784$2,042$1,483$889
27 years$4,743$3,529$2,585$1,869$1,337$782
28 years$4,524$3,325$2,403$1,712$1,206$689
29 years$4,321$3,137$2,236$1,570$1,089$606
30 years$4,132$2,962$2,083$1,441$984$534
31 years$3,956$2,800$1,942$1,324$890$471
32 years$3,790$2,650$1,812$1,216$805$415
33 years$3,635$2,509$1,692$1,119$728$367
34 years$3,490$2,378$1,581$1,029$659$323
35 years$3,353$2,256$1,478$947$597$285
36 years$3,224$2,141$1,383$873$541$252
37 years$3,102$2,034$1,294$804$490$222
38 years$2,987$1,933$1,212$741$445$196
39 years$2,878$1,838$1,135$683$403$174
40 years$2,775$1,748$1,064$630$366$153
41 years$2,677$1,664$998$581$332$135
42 years$2,584$1,585$936$537$301$120
43 years$2,496$1,510$878$495$273$106
44 years$2,412$1,440$824$457$248$93
45 years$2,332$1,373$774$422$225$83
46 years$2,255$1,310$727$390$204$73
47 years$2,182$1,250$683$360$186$64
48 years$2,113$1,193$642$333$169$57
49 years$2,046$1,139$603$308$153$50
50 years$1,982$1,088$567$285$139$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,030,000, adding $4,005 every year, while hoping to spend $59,164 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: 77/14/9 Blend
50$2,030,000$2,030,000$2,030,000$2,030,000
51$2,241,191$2,133,601$2,102,136$2,410,246
52$2,406,843$2,175,198$2,109,608$2,563,543
53$2,587,408$2,216,849$2,115,347$2,723,585
54$2,784,345$2,258,497$2,119,232$2,897,353
55$2,999,260$2,300,075$2,121,138$3,086,187
56$3,233,920$2,341,514$2,120,932$3,291,564
57$3,490,270$2,382,739$2,118,474$3,515,112
58$3,770,453$2,423,668$2,113,618$3,758,623
59$4,076,826$2,464,215$2,106,211$4,024,069
60$4,411,985$2,504,284$2,096,092$4,313,626
61$4,778,790$2,543,776$2,083,093$4,629,690
62$5,180,386$2,582,581$2,067,037$4,974,898
63$5,620,242$2,620,584$2,047,739$5,352,158
64$6,102,174$2,657,660$2,025,005$5,764,674
65$6,630,386$2,693,675$1,998,633$6,215,973
66$7,209,508$2,728,488$1,968,410$6,709,945
67$7,844,639$2,761,945$1,934,113$7,250,874
68$8,541,396$2,793,885$1,895,510$7,843,479
69$9,305,966$2,824,132$1,852,357$8,492,963
70$10,145,162$2,852,502$1,804,398$9,205,057
71$11,066,490$2,878,797$1,751,367$9,986,076
72$12,078,220$2,902,805$1,692,986$10,842,981
73$13,189,459$2,924,303$1,628,961$11,783,439
74$14,410,241$2,943,051$1,558,988$12,815,903
75$15,751,619$2,958,794$1,482,748$13,949,684
76$17,225,772$2,971,262$1,399,908$15,195,044
77$18,846,113$2,980,167$1,310,118$16,563,294
78$20,627,424$2,985,203$1,213,014$18,066,896
79$22,585,988$2,986,044$1,108,216$19,719,584
80$24,739,744$2,982,346$995,327$21,536,493
81$27,108,457$2,973,740$873,930$23,534,304
82$29,713,905$2,959,839$743,592$25,731,397
83$32,580,081$2,940,228$603,860$28,148,029
84$35,733,420$2,914,471$454,260$30,806,524
85$39,203,051$2,882,101$294,299$33,731,485
86$43,021,065$2,842,628$123,462$36,950,023
87$47,222,826$2,795,528$0$40,492,019
88$51,847,294$2,740,249$0$44,396,051
89$56,937,402$2,676,205$0$48,705,778
90$62,540,454$2,602,776$0$53,449,380
91$68,708,574$2,519,306$0$58,670,988
92$75,499,195$2,425,098$0$64,419,236
93$82,975,604$2,319,419$0$70,747,716
94$91,207,534$2,201,489$0$77,715,486
95$100,271,826$2,070,486$0$85,387,628
96$110,253,151$1,925,539$0$93,835,860
97$121,244,810$1,765,727$0$103,139,217
98$133,349,612$1,590,080$0$113,384,793
99$146,680,846$1,397,567$0$124,668,568
100$161,363,347$1,187,102$0$137,096,309