Can I retire at age 51 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$169,287$167,779$166,308$164,872$163,470$158,237
2 years$83,805$82,245$80,732$79,265$77,843$72,619
3 years$55,315$53,748$52,239$50,786$49,387$44,336
4 years$41,073$39,510$38,017$36,589$35,223$30,384
5 years$32,530$30,977$29,502$28,104$26,776$22,162
6 years$26,836$25,295$23,842$22,475$21,187$16,801
7 years$22,771$21,242$19,813$18,478$17,231$13,073
8 years$19,724$18,209$16,803$15,500$14,294$10,362
9 years$17,355$15,854$14,472$13,203$12,038$8,326
10 years$15,460$13,974$12,617$11,381$10,257$6,761
11 years$13,912$12,441$11,108$9,905$8,821$5,534
12 years$12,622$11,166$9,858$8,688$7,644$4,558
13 years$11,532$10,091$8,808$7,670$6,666$3,774
14 years$10,598$9,172$7,914$6,809$5,843$3,138
15 years$9,789$8,379$7,145$6,072$5,145$2,617
16 years$9,082$7,688$6,478$5,437$4,547$2,189
17 years$8,459$7,080$5,895$4,885$4,032$1,835
18 years$7,906$6,542$5,381$4,402$3,585$1,541
19 years$7,412$6,063$4,926$3,978$3,195$1,297
20 years$6,967$5,634$4,521$3,603$2,854$1,092
21 years$6,566$5,248$4,158$3,270$2,554$921
22 years$6,201$4,899$3,833$2,973$2,289$777
23 years$5,869$4,582$3,539$2,708$2,055$657
24 years$5,565$4,293$3,273$2,469$1,847$555
25 years$5,285$4,029$3,031$2,255$1,662$469
26 years$5,028$3,786$2,811$2,062$1,497$397
27 years$4,790$3,563$2,611$1,887$1,350$336
28 years$4,569$3,358$2,427$1,729$1,218$285
29 years$4,364$3,168$2,258$1,586$1,100$241
30 years$4,173$2,992$2,104$1,455$994$204
31 years$3,995$2,828$1,961$1,337$898$173
32 years$3,828$2,676$1,830$1,228$813$147
33 years$3,671$2,534$1,708$1,130$736$124
34 years$3,524$2,402$1,596$1,039$666$105
35 years$3,386$2,278$1,492$957$603$89
36 years$3,256$2,162$1,396$881$546$76
37 years$3,133$2,054$1,307$812$495$64
38 years$3,017$1,952$1,224$748$449$54
39 years$2,907$1,856$1,146$690$407$46
40 years$2,803$1,766$1,075$636$369$39
41 years$2,704$1,681$1,008$587$335$33
42 years$2,610$1,601$945$542$304$28
43 years$2,521$1,525$887$500$276$24
44 years$2,436$1,454$833$462$250$20
45 years$2,355$1,386$782$427$227$17
46 years$2,277$1,322$734$394$206$15
47 years$2,204$1,262$690$364$187$12
48 years$2,133$1,205$648$336$170$10
49 years$2,066$1,150$609$311$155$9
50 years$2,002$1,099$573$287$140$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,050,000, adding $5,500 every year, while hoping to spend $30,649 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: 41/31/28 Blend
50$2,050,000$2,050,000$2,050,000$2,050,000
51$2,264,773$2,156,123$2,124,348$2,338,787
52$2,463,170$2,229,163$2,162,904$2,465,877
53$2,680,776$2,304,754$2,201,723$2,600,079
54$2,919,518$2,382,990$2,240,784$2,744,763
55$3,181,518$2,463,967$2,280,060$2,900,911
56$3,469,116$2,547,784$2,319,525$3,069,605
57$3,784,885$2,634,545$2,359,148$3,252,033
58$4,131,664$2,724,358$2,398,900$3,449,504
59$4,512,576$2,817,334$2,438,746$3,663,455
60$4,931,065$2,913,590$2,478,651$3,895,471
61$5,390,924$3,013,246$2,518,575$4,147,292
62$5,896,330$3,116,427$2,558,480$4,420,836
63$6,451,887$3,223,263$2,598,320$4,718,212
64$7,062,666$3,333,889$2,638,050$5,041,742
65$7,734,254$3,448,446$2,677,621$5,393,981
66$8,472,807$3,567,079$2,716,980$5,777,744
67$9,285,106$3,689,938$2,756,072$6,196,127
68$10,178,625$3,817,183$2,794,838$6,652,542
69$11,161,594$3,948,975$2,833,215$7,150,742
70$12,243,087$4,085,484$2,871,137$7,694,863
71$13,433,096$4,226,887$2,908,535$8,289,458
72$14,742,635$4,373,368$2,945,333$8,939,539
73$16,183,836$4,525,115$2,981,455$9,650,629
74$17,770,070$4,682,328$3,016,816$10,428,809
75$19,516,067$4,845,213$3,051,329$11,280,776
76$21,438,060$5,013,982$3,084,903$12,213,908
77$23,553,933$5,188,859$3,117,438$13,236,328
78$25,883,396$5,370,074$3,148,834$14,356,989
79$28,448,162$5,557,867$3,178,980$15,585,747
80$31,272,162$5,752,490$3,207,763$16,933,462
81$34,381,761$5,954,201$3,235,062$18,412,098
82$37,806,015$6,163,271$3,260,750$20,034,833
83$41,576,938$6,379,981$3,284,695$21,816,186
84$45,729,809$6,604,623$3,306,755$23,772,149
85$50,303,501$6,837,501$3,326,783$25,920,344
86$55,340,851$7,078,931$3,344,623$28,280,182
87$60,889,062$7,329,243$3,360,112$30,873,052
88$67,000,149$7,588,779$3,373,079$33,722,516
89$73,731,429$7,857,894$3,383,342$36,854,535
90$81,146,064$8,136,961$3,390,714$40,297,713
91$89,313,654$8,426,363$3,394,994$44,083,565
92$98,310,895$8,726,503$3,395,974$48,246,813
93$108,222,303$9,037,798$3,393,436$52,825,716
94$119,141,010$9,360,683$3,387,149$57,862,429
95$131,169,647$9,695,610$3,376,872$63,403,400
96$144,421,307$10,043,051$3,362,353$69,499,807
97$159,020,616$10,403,495$3,343,327$76,208,040
98$175,104,906$10,777,454$3,319,516$83,590,237
99$192,825,516$11,165,459$3,290,629$91,714,863
100$212,349,215$11,568,063$3,256,362$100,657,360