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

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$167,636$166,142$164,685$163,264$161,875$160,990
2 years$82,988$81,442$79,944$78,492$77,083$76,190
3 years$54,776$53,223$51,729$50,291$48,905$48,031
4 years$40,672$39,125$37,646$36,232$34,879$34,032
5 years$32,213$30,674$29,215$27,829$26,515$25,696
6 years$26,575$25,048$23,610$22,255$20,980$20,192
7 years$22,549$21,035$19,620$18,297$17,063$16,304
8 years$19,531$18,031$16,639$15,349$14,155$13,427
9 years$17,185$15,699$14,331$13,074$11,921$11,223
10 years$15,310$13,838$12,494$11,270$10,157$9,489
11 years$13,776$12,319$11,000$9,808$8,735$8,097
12 years$12,499$11,057$9,762$8,603$7,570$6,960
13 years$11,419$9,992$8,722$7,595$6,601$6,020
14 years$10,494$9,083$7,837$6,742$5,786$5,233
15 years$9,694$8,297$7,075$6,013$5,095$4,568
16 years$8,994$7,613$6,415$5,384$4,503$4,002
17 years$8,377$7,011$5,837$4,837$3,993$3,517
18 years$7,829$6,478$5,329$4,359$3,550$3,099
19 years$7,339$6,004$4,878$3,939$3,164$2,737
20 years$6,899$5,579$4,477$3,568$2,826$2,423
21 years$6,502$5,197$4,118$3,238$2,529$2,148
22 years$6,141$4,851$3,795$2,944$2,267$1,907
23 years$5,812$4,537$3,504$2,681$2,035$1,695
24 years$5,510$4,251$3,241$2,445$1,829$1,509
25 years$5,234$3,989$3,002$2,233$1,646$1,344
26 years$4,979$3,749$2,784$2,042$1,483$1,199
27 years$4,743$3,529$2,585$1,869$1,337$1,070
28 years$4,524$3,325$2,403$1,712$1,206$956
29 years$4,321$3,137$2,236$1,570$1,089$854
30 years$4,132$2,962$2,083$1,441$984$764
31 years$3,956$2,800$1,942$1,324$890$683
32 years$3,790$2,650$1,812$1,216$805$611
33 years$3,635$2,509$1,692$1,119$728$548
34 years$3,490$2,378$1,581$1,029$659$490
35 years$3,353$2,256$1,478$947$597$439
36 years$3,224$2,141$1,383$873$541$394
37 years$3,102$2,034$1,294$804$490$353
38 years$2,987$1,933$1,212$741$445$317
39 years$2,878$1,838$1,135$683$403$284
40 years$2,775$1,748$1,064$630$366$255
41 years$2,677$1,664$998$581$332$229
42 years$2,584$1,585$936$537$301$205
43 years$2,496$1,510$878$495$273$184
44 years$2,412$1,440$824$457$248$165
45 years$2,332$1,373$774$422$225$148
46 years$2,255$1,310$727$390$204$133
47 years$2,182$1,250$683$360$186$120
48 years$2,113$1,193$642$333$169$107
49 years$2,046$1,139$603$308$153$96
50 years$1,982$1,088$567$285$139$87

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 $6,270 every year, while hoping to spend $53,289 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: 72/11/17 Blend
50$2,030,000$2,030,000$2,030,000$2,030,000
51$2,243,528$2,135,938$2,104,473$2,395,769
52$2,415,668$2,183,899$2,118,273$2,545,650
53$2,603,581$2,232,425$2,130,750$2,702,691
54$2,808,819$2,281,487$2,141,803$2,873,294
55$3,033,091$2,331,052$2,151,326$3,058,793
56$3,278,278$2,381,086$2,159,207$3,260,658
57$3,546,453$2,431,549$2,165,331$3,480,508
58$3,839,896$2,482,400$2,169,574$3,720,127
59$4,161,119$2,533,590$2,171,808$3,981,479
60$4,512,887$2,585,071$2,171,898$4,266,730
61$4,898,247$2,636,784$2,169,702$4,578,265
62$5,320,552$2,688,671$2,165,071$4,918,712
63$5,783,497$2,740,664$2,157,850$5,290,967
64$6,291,150$2,792,694$2,147,874$5,698,223
65$6,847,993$2,844,681$2,134,973$6,143,996
66$7,458,960$2,896,543$2,118,967$6,632,160
67$8,129,490$2,948,188$2,099,668$7,166,986
68$8,865,569$2,999,521$2,076,878$7,753,180
69$9,673,795$3,050,435$2,050,391$8,395,928
70$10,561,433$3,100,818$2,019,991$9,100,945
71$11,536,490$3,150,549$1,985,451$9,874,528
72$12,607,783$3,199,496$1,946,534$10,723,617
73$13,785,027$3,247,522$1,902,993$11,655,861
74$15,078,923$3,294,474$1,854,568$12,679,690
75$16,501,264$3,340,194$1,800,986$13,804,393
76$18,065,039$3,384,510$1,741,965$15,040,206
77$19,784,559$3,427,237$1,677,207$16,398,413
78$21,675,592$3,468,179$1,606,402$17,891,446
79$23,755,511$3,507,128$1,529,224$19,533,009
80$26,043,454$3,543,859$1,445,335$21,338,203
81$28,560,512$3,578,133$1,354,379$23,323,672
82$31,329,919$3,609,697$1,255,985$25,507,756
83$34,377,278$3,638,279$1,149,767$27,910,671
84$37,730,795$3,663,589$1,035,320$30,554,694
85$41,421,553$3,685,322$912,220$33,464,375
86$45,483,798$3,703,150$780,026$36,666,775
87$49,955,265$3,716,724$638,277$40,191,711
88$54,877,534$3,725,675$486,491$44,072,047
89$60,296,420$3,729,610$324,165$48,344,003
90$66,262,405$3,728,111$150,775$53,047,493
91$72,831,116$3,720,735$0$58,226,507
92$80,063,850$3,707,011$0$63,935,740
93$88,028,147$3,686,439$0$70,251,995
94$96,798,433$3,658,489$0$77,206,885
95$106,456,717$3,622,599$0$84,865,413
96$117,093,369$3,578,173$0$93,299,214
97$128,807,968$3,524,580$0$102,587,225
98$141,710,246$3,461,149$0$112,816,431
99$155,921,118$3,387,172$0$124,082,691
100$171,573,826$3,301,897$0$136,491,636