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%13.7%
1 years$169,287$167,779$166,308$164,872$163,470$160,961
2 years$83,805$82,245$80,732$79,265$77,843$75,321
3 years$55,315$53,748$52,239$50,786$49,387$46,930
4 years$41,073$39,510$38,017$36,589$35,223$32,851
5 years$32,530$30,977$29,502$28,104$26,776$24,496
6 years$26,836$25,295$23,842$22,475$21,187$19,001
7 years$22,771$21,242$19,813$18,478$17,231$15,140
8 years$19,724$18,209$16,803$15,500$14,294$12,298
9 years$17,355$15,854$14,472$13,203$12,038$10,135
10 years$15,460$13,974$12,617$11,381$10,257$8,446
11 years$13,912$12,441$11,108$9,905$8,821$7,101
12 years$12,622$11,166$9,858$8,688$7,644$6,012
13 years$11,532$10,091$8,808$7,670$6,666$5,119
14 years$10,598$9,172$7,914$6,809$5,843$4,380
15 years$9,789$8,379$7,145$6,072$5,145$3,762
16 years$9,082$7,688$6,478$5,437$4,547$3,242
17 years$8,459$7,080$5,895$4,885$4,032$2,802
18 years$7,906$6,542$5,381$4,402$3,585$2,427
19 years$7,412$6,063$4,926$3,978$3,195$2,107
20 years$6,967$5,634$4,521$3,603$2,854$1,832
21 years$6,566$5,248$4,158$3,270$2,554$1,595
22 years$6,201$4,899$3,833$2,973$2,289$1,391
23 years$5,869$4,582$3,539$2,708$2,055$1,214
24 years$5,565$4,293$3,273$2,469$1,847$1,061
25 years$5,285$4,029$3,031$2,255$1,662$928
26 years$5,028$3,786$2,811$2,062$1,497$812
27 years$4,790$3,563$2,611$1,887$1,350$711
28 years$4,569$3,358$2,427$1,729$1,218$623
29 years$4,364$3,168$2,258$1,586$1,100$546
30 years$4,173$2,992$2,104$1,455$994$479
31 years$3,995$2,828$1,961$1,337$898$420
32 years$3,828$2,676$1,830$1,228$813$368
33 years$3,671$2,534$1,708$1,130$736$323
34 years$3,524$2,402$1,596$1,039$666$284
35 years$3,386$2,278$1,492$957$603$249
36 years$3,256$2,162$1,396$881$546$219
37 years$3,133$2,054$1,307$812$495$192
38 years$3,017$1,952$1,224$748$449$169
39 years$2,907$1,856$1,146$690$407$148
40 years$2,803$1,766$1,075$636$369$130
41 years$2,704$1,681$1,008$587$335$115
42 years$2,610$1,601$945$542$304$101
43 years$2,521$1,525$887$500$276$89
44 years$2,436$1,454$833$462$250$78
45 years$2,355$1,386$782$427$227$68
46 years$2,277$1,322$734$394$206$60
47 years$2,204$1,262$690$364$187$53
48 years$2,133$1,205$648$336$170$47
49 years$2,066$1,150$609$311$155$41
50 years$2,002$1,099$573$287$140$36

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 $4,660 every year, while hoping to spend $43,730 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: 31/43/26 Blend
50$2,050,000$2,050,000$2,050,000$2,050,000
51$2,263,907$2,155,257$2,123,482$2,315,873
52$2,448,297$2,214,336$2,148,090$2,415,278
53$2,650,029$2,274,844$2,172,057$2,518,017
54$2,870,826$2,336,806$2,195,315$2,627,738
55$3,112,585$2,400,244$2,217,793$2,745,078
56$3,377,395$2,465,182$2,239,415$2,870,743
57$3,667,556$2,531,643$2,260,102$3,005,507
58$3,985,603$2,599,649$2,279,771$3,150,224
59$4,334,324$2,669,222$2,298,334$3,305,833
60$4,716,794$2,740,383$2,315,697$3,473,368
61$5,136,398$2,813,152$2,331,764$3,653,970
62$5,596,864$2,887,550$2,346,431$3,848,893
63$6,102,298$2,963,594$2,359,591$4,059,520
64$6,657,226$3,041,304$2,371,130$4,287,374
65$7,266,629$3,120,694$2,380,929$4,534,132
66$7,935,999$3,201,781$2,388,864$4,801,645
67$8,671,381$3,284,579$2,394,801$5,091,948
68$9,479,439$3,369,100$2,398,604$5,407,287
69$10,367,511$3,455,355$2,400,126$5,750,134
70$11,343,683$3,543,354$2,399,217$6,123,216
71$12,416,864$3,633,103$2,395,715$6,529,535
72$13,596,866$3,724,608$2,389,455$6,972,403
73$14,894,504$3,817,871$2,380,259$7,455,467
74$16,321,690$3,912,893$2,367,944$7,982,747
75$17,891,549$4,009,672$2,352,317$8,558,675
76$19,618,543$4,108,201$2,333,175$9,188,134
77$21,518,604$4,208,473$2,310,306$9,876,507
78$23,609,290$4,310,477$2,283,490$10,629,727
79$25,909,943$4,414,195$2,252,492$11,454,333
80$28,441,876$4,519,610$2,217,069$12,357,531
81$31,228,574$4,626,697$2,176,968$13,347,265
82$34,295,912$4,735,429$2,131,920$14,432,291
83$37,672,403$4,845,773$2,081,647$15,622,260
84$41,389,462$4,957,690$2,025,856$16,927,808
85$45,481,707$5,071,136$1,964,242$18,360,660
86$49,987,282$5,186,063$1,896,486$19,933,738
87$54,948,220$5,302,415$1,822,252$21,661,287
88$60,410,833$5,420,128$1,741,192$23,559,007
89$66,426,156$5,539,132$1,652,941$25,644,202
90$73,050,425$5,659,351$1,557,115$27,935,946
91$80,345,607$5,780,698$1,453,317$30,455,262
92$88,379,984$5,903,077$1,341,128$33,225,323
93$97,228,800$6,026,386$1,220,114$36,271,670
94$106,974,969$6,150,510$1,089,819$39,622,454
95$117,709,854$6,275,324$949,767$43,308,703
96$129,534,137$6,400,692$799,461$47,364,617
97$142,558,759$6,526,466$638,383$51,827,891
98$156,905,975$6,652,486$465,992$56,740,071
99$172,710,504$6,778,576$281,722$62,146,949
100$190,120,798$6,904,549$84,982$68,098,997