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

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 $2,040,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$168,461$166,961$165,497$164,068$162,672$158,547
2 years$83,397$81,843$80,338$78,879$77,463$73,333
3 years$55,046$53,486$51,984$50,538$49,146$45,141
4 years$40,873$39,318$37,831$36,410$35,051$31,202
5 years$32,371$30,825$29,359$27,966$26,645$22,963
6 years$26,705$25,171$23,726$22,365$21,084$17,572
7 years$22,660$21,139$19,716$18,387$17,147$13,805
8 years$19,627$18,120$16,721$15,425$14,225$11,052
9 years$17,270$15,777$14,402$13,138$11,979$8,973
10 years$15,385$13,906$12,556$11,326$10,207$7,364
11 years$13,844$12,380$11,054$9,857$8,778$6,093
12 years$12,560$11,112$9,810$8,646$7,607$5,076
13 years$11,475$10,042$8,765$7,633$6,634$4,251
14 years$10,546$9,128$7,875$6,775$5,815$3,576
15 years$9,741$8,338$7,110$6,043$5,120$3,019
16 years$9,038$7,650$6,446$5,410$4,525$2,556
17 years$8,418$7,045$5,866$4,861$4,012$2,170
18 years$7,867$6,510$5,355$4,381$3,567$1,845
19 years$7,376$6,034$4,902$3,959$3,180$1,572
20 years$6,933$5,607$4,499$3,585$2,840$1,342
21 years$6,534$5,223$4,138$3,254$2,542$1,146
22 years$6,171$4,875$3,814$2,958$2,278$980
23 years$5,840$4,560$3,522$2,694$2,045$839
24 years$5,538$4,272$3,257$2,457$1,838$719
25 years$5,259$4,009$3,016$2,244$1,654$616
26 years$5,003$3,768$2,798$2,052$1,490$529
27 years$4,766$3,546$2,598$1,878$1,343$454
28 years$4,547$3,341$2,415$1,721$1,212$389
29 years$4,343$3,152$2,247$1,578$1,094$334
30 years$4,153$2,977$2,093$1,448$989$287
31 years$3,975$2,814$1,952$1,330$894$247
32 years$3,809$2,663$1,821$1,222$809$212
33 years$3,653$2,522$1,700$1,124$732$182
34 years$3,507$2,390$1,589$1,034$663$157
35 years$3,370$2,267$1,485$952$600$135
36 years$3,240$2,152$1,389$877$544$116
37 years$3,118$2,044$1,300$808$493$100
38 years$3,002$1,942$1,218$745$447$86
39 years$2,893$1,847$1,141$687$405$74
40 years$2,789$1,757$1,069$633$368$63
41 years$2,691$1,673$1,003$584$333$55
42 years$2,597$1,593$941$539$303$47
43 years$2,508$1,518$883$498$275$40
44 years$2,424$1,447$828$460$249$35
45 years$2,343$1,380$778$424$226$30
46 years$2,266$1,316$731$392$205$26
47 years$2,193$1,256$686$362$187$22
48 years$2,123$1,199$645$335$169$19
49 years$2,056$1,145$606$309$154$16
50 years$1,992$1,094$570$286$140$14

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 $5,255 every year, while hoping to spend $20,571 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: 55/17/28 Blend
50$2,040,000$2,040,000$2,040,000$2,040,000
51$2,253,501$2,145,381$2,113,761$2,359,712
52$2,461,470$2,228,617$2,162,684$2,516,779
53$2,689,963$2,315,242$2,212,557$2,685,200
54$2,941,052$2,405,401$2,263,390$2,868,225
55$3,217,017$2,499,244$2,315,192$3,067,268
56$3,520,375$2,596,929$2,367,973$3,283,882
57$3,853,894$2,698,620$2,421,741$3,519,780
58$4,220,628$2,804,488$2,476,505$3,776,844
59$4,623,937$2,914,714$2,532,274$4,057,146
60$5,067,528$3,029,484$2,589,054$4,362,967
61$5,555,481$3,148,994$2,646,853$4,696,819
62$6,092,294$3,273,448$2,705,676$5,061,465
63$6,682,922$3,403,061$2,765,530$5,459,948
64$7,332,824$3,538,055$2,826,420$5,895,619
65$8,048,016$3,678,664$2,888,349$6,372,167
66$8,835,126$3,825,130$2,951,320$6,893,652
67$9,701,456$3,977,709$3,015,337$7,464,548
68$10,655,054$4,136,667$3,080,401$8,089,780
69$11,704,787$4,302,281$3,146,511$8,774,772
70$12,860,425$4,474,842$3,213,669$9,525,497
71$14,132,732$4,654,653$3,281,871$10,348,534
72$15,533,573$4,842,033$3,351,115$11,251,128
73$17,076,017$5,037,312$3,421,397$12,241,260
74$18,774,467$5,240,837$3,492,711$13,327,720
75$20,644,796$5,452,972$3,565,050$14,520,190
76$22,704,491$5,674,093$3,638,405$15,829,336
77$24,972,824$5,904,599$3,712,766$17,266,904
78$27,471,030$6,144,902$3,788,122$18,845,836
79$30,222,508$6,395,435$3,864,457$20,580,389
80$33,253,045$6,656,652$3,941,757$22,486,267
81$36,591,053$6,929,026$4,020,004$24,580,770
82$40,267,843$7,213,051$4,099,177$26,882,959
83$44,317,918$7,509,245$4,179,254$29,413,831
84$48,779,297$7,818,149$4,260,210$32,196,520
85$53,693,877$8,140,330$4,342,019$35,256,513
86$59,107,825$8,476,379$4,424,649$38,621,888
87$65,072,017$8,826,915$4,508,068$42,323,581
88$71,642,515$9,192,587$4,592,241$46,395,679
89$78,881,098$9,574,070$4,677,128$50,875,734
90$86,855,845$9,972,074$4,762,686$55,805,123
91$95,641,775$10,387,340$4,848,870$61,229,435
92$105,321,559$10,820,642$4,935,631$67,198,901
93$115,986,297$11,272,793$5,022,913$73,768,864
94$127,736,380$11,744,641$5,110,661$81,000,308
95$140,682,435$12,237,072$5,198,813$88,960,424
96$154,946,371$12,751,016$5,287,301$97,723,247
97$170,662,530$13,287,445$5,376,054$107,370,355
98$187,978,954$13,847,375$5,464,998$117,991,635
99$207,058,781$14,431,871$5,554,049$129,686,133
100$228,081,789$15,042,045$5,643,122$142,562,985