Can I retire at age 51 with 2,040,000?

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$168,461$166,961$165,497$164,068$162,672$161,242
2 years$83,397$81,843$80,338$78,879$77,463$76,022
3 years$55,046$53,486$51,984$50,538$49,146$47,738
4 years$40,873$39,318$37,831$36,410$35,051$33,688
5 years$32,371$30,825$29,359$27,966$26,645$25,331
6 years$26,705$25,171$23,726$22,365$21,084$19,819
7 years$22,660$21,139$19,716$18,387$17,147$15,933
8 years$19,627$18,120$16,721$15,425$14,225$13,062
9 years$17,270$15,777$14,402$13,138$11,979$10,867
10 years$15,385$13,906$12,556$11,326$10,207$9,144
11 years$13,844$12,380$11,054$9,857$8,778$7,764
12 years$12,560$11,112$9,810$8,646$7,607$6,641
13 years$11,475$10,042$8,765$7,633$6,634$5,714
14 years$10,546$9,128$7,875$6,775$5,815$4,941
15 years$9,741$8,338$7,110$6,043$5,120$4,290
16 years$9,038$7,650$6,446$5,410$4,525$3,739
17 years$8,418$7,045$5,866$4,861$4,012$3,268
18 years$7,867$6,510$5,355$4,381$3,567$2,863
19 years$7,376$6,034$4,902$3,959$3,180$2,514
20 years$6,933$5,607$4,499$3,585$2,840$2,212
21 years$6,534$5,223$4,138$3,254$2,542$1,949
22 years$6,171$4,875$3,814$2,958$2,278$1,720
23 years$5,840$4,560$3,522$2,694$2,045$1,520
24 years$5,538$4,272$3,257$2,457$1,838$1,345
25 years$5,259$4,009$3,016$2,244$1,654$1,191
26 years$5,003$3,768$2,798$2,052$1,490$1,055
27 years$4,766$3,546$2,598$1,878$1,343$936
28 years$4,547$3,341$2,415$1,721$1,212$831
29 years$4,343$3,152$2,247$1,578$1,094$738
30 years$4,153$2,977$2,093$1,448$989$655
31 years$3,975$2,814$1,952$1,330$894$582
32 years$3,809$2,663$1,821$1,222$809$518
33 years$3,653$2,522$1,700$1,124$732$461
34 years$3,507$2,390$1,589$1,034$663$410
35 years$3,370$2,267$1,485$952$600$365
36 years$3,240$2,152$1,389$877$544$325
37 years$3,118$2,044$1,300$808$493$289
38 years$3,002$1,942$1,218$745$447$258
39 years$2,893$1,847$1,141$687$405$229
40 years$2,789$1,757$1,069$633$368$204
41 years$2,691$1,673$1,003$584$333$182
42 years$2,597$1,593$941$539$303$162
43 years$2,508$1,518$883$498$275$145
44 years$2,424$1,447$828$460$249$129
45 years$2,343$1,380$778$424$226$115
46 years$2,266$1,316$731$392$205$102
47 years$2,193$1,256$686$362$187$91
48 years$2,123$1,199$645$335$169$81
49 years$2,056$1,145$606$309$154$73
50 years$1,992$1,094$570$286$140$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,040,000, adding $5,203 every year, while hoping to spend $54,498 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: 64/25/11 Blend
50$2,040,000$2,040,000$2,040,000$2,040,000
51$2,253,447$2,145,327$2,113,707$2,391,784
52$2,425,313$2,192,462$2,126,531$2,531,962
53$2,612,883$2,240,081$2,137,957$2,678,187
54$2,817,701$2,288,149$2,147,883$2,836,528
55$3,041,467$2,336,629$2,156,197$3,008,163
56$3,286,052$2,385,480$2,162,786$3,194,387
57$3,553,518$2,434,656$2,167,527$3,396,628
58$3,846,132$2,484,109$2,170,295$3,616,460
59$4,166,392$2,533,786$2,170,955$3,855,615
60$4,517,050$2,583,627$2,169,367$4,116,001
61$4,901,134$2,633,569$2,165,386$4,399,723
62$5,321,979$2,683,544$2,158,856$4,709,096
63$5,783,261$2,733,477$2,149,617$5,046,676
64$6,289,024$2,783,288$2,137,500$5,415,274
65$6,843,724$2,832,889$2,122,326$5,817,991
66$7,452,270$2,882,187$2,103,910$6,258,244
67$8,120,069$2,931,081$2,082,058$6,739,796
68$8,853,074$2,979,463$2,056,566$7,266,796
69$9,657,846$3,027,215$2,027,219$7,843,816
70$10,541,610$3,074,212$1,993,794$8,475,893
71$11,512,326$3,120,320$1,956,058$9,168,581
72$12,578,762$3,165,394$1,913,765$9,927,997
73$13,750,578$3,209,281$1,866,659$10,760,886
74$15,038,417$3,251,815$1,814,471$11,674,678
75$16,454,001$3,292,820$1,756,921$12,677,566
76$18,010,247$3,332,106$1,693,716$13,778,575
77$19,721,385$3,369,472$1,624,548$14,987,655
78$21,603,093$3,404,703$1,549,098$16,315,770
79$23,672,645$3,437,569$1,467,029$17,775,004
80$25,949,070$3,467,826$1,377,990$19,378,677
81$28,453,339$3,495,213$1,281,616$21,141,467
82$31,208,553$3,519,452$1,177,523$23,079,552
83$34,240,167$3,540,247$1,065,313$25,210,762
84$37,576,229$3,557,284$944,565$27,554,748
85$41,247,641$3,570,228$814,845$30,133,170
86$45,288,455$3,578,723$675,697$32,969,896
87$49,736,189$3,582,392$526,644$36,091,237
88$54,632,183$3,580,832$367,189$39,526,186
89$60,021,990$3,573,617$196,815$43,306,701
90$65,955,803$3,560,295$14,978$47,468,002
91$72,488,929$3,540,384$0$52,048,906
92$79,682,312$3,513,374$0$57,113,214
93$87,603,105$3,478,726$0$62,690,299
94$96,325,304$3,435,866$0$68,830,440
95$105,930,447$3,384,187$0$75,590,984
96$116,508,385$3,323,044$0$83,035,132
97$128,158,122$3,251,755$0$91,232,531
98$140,988,758$3,169,598$0$100,259,937
99$155,120,512$3,075,809$0$110,201,937
100$170,685,858$2,969,578$0$121,151,751