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%15.9%
1 years$167,636$166,142$164,685$163,264$161,875$157,962
2 years$82,988$81,442$79,944$78,492$77,083$73,164
3 years$54,776$53,223$51,729$50,291$48,905$45,103
4 years$40,672$39,125$37,646$36,232$34,879$31,223
5 years$32,213$30,674$29,215$27,829$26,515$23,015
6 years$26,575$25,048$23,610$22,255$20,980$17,640
7 years$22,549$21,035$19,620$18,297$17,063$13,882
8 years$19,531$18,031$16,639$15,349$14,155$11,134
9 years$17,185$15,699$14,331$13,074$11,921$9,055
10 years$15,310$13,838$12,494$11,270$10,157$7,445
11 years$13,776$12,319$11,000$9,808$8,735$6,173
12 years$12,499$11,057$9,762$8,603$7,570$5,152
13 years$11,419$9,992$8,722$7,595$6,601$4,324
14 years$10,494$9,083$7,837$6,742$5,786$3,644
15 years$9,694$8,297$7,075$6,013$5,095$3,083
16 years$8,994$7,613$6,415$5,384$4,503$2,616
17 years$8,377$7,011$5,837$4,837$3,993$2,225
18 years$7,829$6,478$5,329$4,359$3,550$1,897
19 years$7,339$6,004$4,878$3,939$3,164$1,620
20 years$6,899$5,579$4,477$3,568$2,826$1,385
21 years$6,502$5,197$4,118$3,238$2,529$1,186
22 years$6,141$4,851$3,795$2,944$2,267$1,017
23 years$5,812$4,537$3,504$2,681$2,035$873
24 years$5,510$4,251$3,241$2,445$1,829$749
25 years$5,234$3,989$3,002$2,233$1,646$644
26 years$4,979$3,749$2,784$2,042$1,483$554
27 years$4,743$3,529$2,585$1,869$1,337$476
28 years$4,524$3,325$2,403$1,712$1,206$410
29 years$4,321$3,137$2,236$1,570$1,089$353
30 years$4,132$2,962$2,083$1,441$984$304
31 years$3,956$2,800$1,942$1,324$890$262
32 years$3,790$2,650$1,812$1,216$805$226
33 years$3,635$2,509$1,692$1,119$728$194
34 years$3,490$2,378$1,581$1,029$659$167
35 years$3,353$2,256$1,478$947$597$144
36 years$3,224$2,141$1,383$873$541$124
37 years$3,102$2,034$1,294$804$490$107
38 years$2,987$1,933$1,212$741$445$93
39 years$2,878$1,838$1,135$683$403$80
40 years$2,775$1,748$1,064$630$366$69
41 years$2,677$1,664$998$581$332$59
42 years$2,584$1,585$936$537$301$51
43 years$2,496$1,510$878$495$273$44
44 years$2,412$1,440$824$457$248$38
45 years$2,332$1,373$774$422$225$33
46 years$2,255$1,310$727$390$204$28
47 years$2,182$1,250$683$360$186$24
48 years$2,113$1,193$642$333$169$21
49 years$2,046$1,139$603$308$153$18
50 years$1,982$1,088$567$285$139$16

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 $3,361 every year, while hoping to spend $52,036 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: 51/28/21 Blend
50$2,030,000$2,030,000$2,030,000$2,030,000
51$2,240,527$2,132,937$2,101,472$2,341,548
52$2,413,695$2,182,085$2,116,505$2,460,852
53$2,602,782$2,231,897$2,130,298$2,584,874
54$2,809,356$2,282,351$2,142,754$2,718,627
55$3,035,146$2,333,422$2,153,772$2,863,052
56$3,282,053$2,385,081$2,163,245$3,019,186
57$3,552,169$2,437,297$2,171,061$3,188,174
58$3,847,801$2,490,035$2,177,102$3,371,275
59$4,171,486$2,543,256$2,181,244$3,569,876
60$4,526,021$2,596,919$2,183,359$3,785,510
61$4,914,482$2,650,975$2,183,309$4,019,863
62$5,340,262$2,705,375$2,180,952$4,274,794
63$5,807,092$2,760,063$2,176,138$4,552,353
64$6,319,087$2,814,977$2,168,709$4,854,800
65$6,880,774$2,870,051$2,158,502$5,184,624
66$7,497,143$2,925,214$2,145,342$5,544,573
67$8,173,690$2,980,388$2,129,049$5,937,671
68$8,916,467$3,035,488$2,109,433$6,367,255
69$9,732,144$3,090,423$2,086,295$6,837,004
70$10,628,064$3,145,095$2,059,428$7,350,971
71$11,612,320$3,199,399$2,028,612$7,913,627
72$12,693,827$3,253,219$1,993,621$8,529,898
73$13,882,404$3,306,434$1,954,214$9,205,215
74$15,188,871$3,358,911$1,910,142$9,945,568
75$16,625,147$3,410,509$1,861,143$10,757,556
76$18,204,364$3,461,076$1,806,944$11,648,456
77$19,940,990$3,510,450$1,747,257$12,626,290
78$21,850,965$3,558,456$1,681,785$13,699,900
79$23,951,852$3,604,908$1,610,212$14,879,034
80$26,262,999$3,649,607$1,532,213$16,174,439
81$28,805,728$3,692,340$1,447,445$17,597,960
82$31,603,527$3,732,880$1,355,549$19,162,654
83$34,682,281$3,770,985$1,256,154$20,882,917
84$38,070,505$3,806,395$1,148,867$22,774,614
85$41,799,623$3,838,835$1,033,281$24,855,238
86$45,904,258$3,868,012$908,969$27,144,068
87$50,422,560$3,893,612$775,487$29,662,357
88$55,396,565$3,915,302$632,369$32,433,532
89$60,872,591$3,932,729$479,130$35,483,417
90$66,901,678$3,945,515$315,264$38,840,475
91$73,540,065$3,953,261$140,240$42,536,082
92$80,849,720$3,955,540$0$46,604,822
93$88,898,931$3,951,900$0$51,095,244
94$97,762,941$3,941,862$0$56,073,149
95$107,524,665$3,924,917$0$61,553,530
96$118,275,466$3,900,523$0$67,587,575
97$130,116,022$3,868,107$0$74,231,699
98$143,157,273$3,827,062$0$81,548,071
99$157,521,469$3,776,742$0$89,605,209
100$173,343,320$3,716,464$0$98,478,620