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%15.7%
1 years$168,461$166,961$165,497$164,068$162,672$158,869
2 years$83,397$81,843$80,338$78,879$77,463$73,653
3 years$55,046$53,486$51,984$50,538$49,146$45,448
4 years$40,873$39,318$37,831$36,410$35,051$31,494
5 years$32,371$30,825$29,359$27,966$26,645$23,239
6 years$26,705$25,171$23,726$22,365$21,084$17,831
7 years$22,660$21,139$19,716$18,387$17,147$14,049
8 years$19,627$18,120$16,721$15,425$14,225$11,280
9 years$17,270$15,777$14,402$13,138$11,979$9,186
10 years$15,385$13,906$12,556$11,326$10,207$7,561
11 years$13,844$12,380$11,054$9,857$8,778$6,277
12 years$12,560$11,112$9,810$8,646$7,607$5,246
13 years$11,475$10,042$8,765$7,633$6,634$4,408
14 years$10,546$9,128$7,875$6,775$5,815$3,721
15 years$9,741$8,338$7,110$6,043$5,120$3,152
16 years$9,038$7,650$6,446$5,410$4,525$2,679
17 years$8,418$7,045$5,866$4,861$4,012$2,282
18 years$7,867$6,510$5,355$4,381$3,567$1,948
19 years$7,376$6,034$4,902$3,959$3,180$1,666
20 years$6,933$5,607$4,499$3,585$2,840$1,427
21 years$6,534$5,223$4,138$3,254$2,542$1,224
22 years$6,171$4,875$3,814$2,958$2,278$1,051
23 years$5,840$4,560$3,522$2,694$2,045$903
24 years$5,538$4,272$3,257$2,457$1,838$777
25 years$5,259$4,009$3,016$2,244$1,654$668
26 years$5,003$3,768$2,798$2,052$1,490$576
27 years$4,766$3,546$2,598$1,878$1,343$496
28 years$4,547$3,341$2,415$1,721$1,212$428
29 years$4,343$3,152$2,247$1,578$1,094$369
30 years$4,153$2,977$2,093$1,448$989$318
31 years$3,975$2,814$1,952$1,330$894$274
32 years$3,809$2,663$1,821$1,222$809$237
33 years$3,653$2,522$1,700$1,124$732$204
34 years$3,507$2,390$1,589$1,034$663$176
35 years$3,370$2,267$1,485$952$600$152
36 years$3,240$2,152$1,389$877$544$132
37 years$3,118$2,044$1,300$808$493$114
38 years$3,002$1,942$1,218$745$447$98
39 years$2,893$1,847$1,141$687$405$85
40 years$2,789$1,757$1,069$633$368$73
41 years$2,691$1,673$1,003$584$333$63
42 years$2,597$1,593$941$539$303$55
43 years$2,508$1,518$883$498$275$47
44 years$2,424$1,447$828$460$249$41
45 years$2,343$1,380$778$424$226$35
46 years$2,266$1,316$731$392$205$30
47 years$2,193$1,256$686$362$187$26
48 years$2,123$1,199$645$335$169$23
49 years$2,056$1,145$606$309$154$20
50 years$1,992$1,094$570$286$140$17

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 $6,627 every year, while hoping to spend $52,321 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: 51/23/26 Blend
50$2,040,000$2,040,000$2,040,000$2,040,000
51$2,254,916$2,146,796$2,115,176$2,353,142
52$2,429,248$2,196,320$2,130,365$2,471,651
53$2,619,609$2,246,517$2,144,310$2,594,621
54$2,827,577$2,297,364$2,156,912$2,727,289
55$3,054,893$2,348,838$2,168,072$2,870,596
56$3,303,470$2,400,909$2,177,680$3,025,585
57$3,575,417$2,453,546$2,185,625$3,193,403
58$3,873,054$2,506,715$2,191,789$3,375,313
59$4,198,939$2,560,377$2,196,047$3,572,710
60$4,555,885$2,614,490$2,198,269$3,787,130
61$4,946,992$2,669,007$2,198,317$4,020,268
62$5,375,674$2,723,877$2,196,050$4,273,992
63$5,845,690$2,779,044$2,191,315$4,550,361
64$6,361,181$2,834,448$2,183,955$4,851,644
65$6,926,708$2,890,023$2,173,804$5,180,346
66$7,547,295$2,945,697$2,160,689$5,539,225
67$8,228,474$3,001,391$2,144,427$5,931,324
68$8,976,342$3,057,022$2,124,828$6,359,997
69$9,797,611$3,112,499$2,101,693$6,828,943
70$10,699,679$3,167,723$2,074,811$7,342,237
71$11,690,693$3,222,588$2,043,964$7,904,376
72$12,779,630$3,276,981$2,008,923$8,520,316
73$13,976,378$3,330,779$1,969,447$9,195,519
74$15,291,830$3,383,849$1,925,286$9,936,009
75$16,737,989$3,436,050$1,876,175$10,748,427
76$18,328,078$3,487,230$1,821,841$11,640,095
77$20,076,665$3,537,227$1,761,995$12,619,083
78$21,999,799$3,585,866$1,696,337$13,694,289
79$24,115,166$3,632,961$1,624,552$14,875,524
80$26,442,249$3,678,312$1,546,310$16,173,600
81$29,002,516$3,721,706$1,461,269$17,600,440
82$31,819,619$3,762,916$1,369,068$19,169,186
83$34,919,620$3,801,700$1,269,332$20,894,326
84$38,331,235$3,837,797$1,161,668$22,791,831
85$42,086,104$3,870,932$1,045,667$24,879,307
86$46,219,090$3,900,810$920,900$27,176,162
87$50,768,607$3,927,120$786,919$29,703,789
88$55,776,982$3,949,526$643,259$32,485,773
89$61,290,856$3,967,674$489,429$35,548,109
90$67,361,620$3,981,187$324,922$38,919,454
91$74,045,904$3,989,664$149,206$42,631,394
92$81,406,107$3,992,679$0$46,718,748
93$89,510,988$3,989,778$0$51,230,524
94$98,436,312$3,980,480$0$56,243,261
95$108,265,569$3,964,276$0$61,762,321
96$119,090,755$3,940,624$0$67,839,277
97$131,013,246$3,908,949$0$74,530,963
98$144,144,752$3,868,642$0$81,900,014
99$158,608,368$3,819,056$0$90,015,455
100$174,539,739$3,759,508$0$98,953,356