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

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$169,287$167,779$166,308$164,872$163,470$162,644
2 years$83,805$82,245$80,732$79,265$77,843$77,010
3 years$55,315$53,748$52,239$50,786$49,387$48,572
4 years$41,073$39,510$38,017$36,589$35,223$34,432
5 years$32,530$30,977$29,502$28,104$26,776$26,012
6 years$26,836$25,295$23,842$22,475$21,187$20,451
7 years$22,771$21,242$19,813$18,478$17,231$16,523
8 years$19,724$18,209$16,803$15,500$14,294$13,615
9 years$17,355$15,854$14,472$13,203$12,038$11,386
10 years$15,460$13,974$12,617$11,381$10,257$9,633
11 years$13,912$12,441$11,108$9,905$8,821$8,225
12 years$12,622$11,166$9,858$8,688$7,644$7,075
13 years$11,532$10,091$8,808$7,670$6,666$6,123
14 years$10,598$9,172$7,914$6,809$5,843$5,326
15 years$9,789$8,379$7,145$6,072$5,145$4,652
16 years$9,082$7,688$6,478$5,437$4,547$4,079
17 years$8,459$7,080$5,895$4,885$4,032$3,587
18 years$7,906$6,542$5,381$4,402$3,585$3,163
19 years$7,412$6,063$4,926$3,978$3,195$2,796
20 years$6,967$5,634$4,521$3,603$2,854$2,476
21 years$6,566$5,248$4,158$3,270$2,554$2,196
22 years$6,201$4,899$3,833$2,973$2,289$1,951
23 years$5,869$4,582$3,539$2,708$2,055$1,736
24 years$5,565$4,293$3,273$2,469$1,847$1,546
25 years$5,285$4,029$3,031$2,255$1,662$1,379
26 years$5,028$3,786$2,811$2,062$1,497$1,231
27 years$4,790$3,563$2,611$1,887$1,350$1,099
28 years$4,569$3,358$2,427$1,729$1,218$983
29 years$4,364$3,168$2,258$1,586$1,100$879
30 years$4,173$2,992$2,104$1,455$994$786
31 years$3,995$2,828$1,961$1,337$898$704
32 years$3,828$2,676$1,830$1,228$813$631
33 years$3,671$2,534$1,708$1,130$736$565
34 years$3,524$2,402$1,596$1,039$666$507
35 years$3,386$2,278$1,492$957$603$454
36 years$3,256$2,162$1,396$881$546$408
37 years$3,133$2,054$1,307$812$495$366
38 years$3,017$1,952$1,224$748$449$328
39 years$2,907$1,856$1,146$690$407$295
40 years$2,803$1,766$1,075$636$369$265
41 years$2,704$1,681$1,008$587$335$238
42 years$2,610$1,601$945$542$304$213
43 years$2,521$1,525$887$500$276$192
44 years$2,436$1,454$833$462$250$172
45 years$2,355$1,386$782$427$227$155
46 years$2,277$1,322$734$394$206$139
47 years$2,204$1,262$690$364$187$125
48 years$2,133$1,205$648$336$170$112
49 years$2,066$1,150$609$311$155$101
50 years$2,002$1,099$573$287$140$91

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 $5,368 every year, while hoping to spend $34,373 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: 35/42/23 Blend
50$2,050,000$2,050,000$2,050,000$2,050,000
51$2,264,637$2,155,987$2,124,212$2,327,937
52$2,459,057$2,225,058$2,158,801$2,444,272
53$2,672,157$2,296,361$2,193,396$2,566,177
54$2,905,804$2,369,970$2,227,962$2,697,017
55$3,162,057$2,445,960$2,262,460$2,837,612
56$3,443,184$2,524,408$2,296,849$2,988,861
57$3,751,681$2,605,397$2,331,086$3,151,753
58$4,090,300$2,689,009$2,365,125$3,327,373
59$4,462,070$2,775,330$2,398,916$3,516,917
60$4,870,330$2,864,450$2,432,408$3,721,700
61$5,318,756$2,956,460$2,465,546$3,943,167
62$5,811,398$3,051,455$2,498,271$4,182,909
63$6,352,718$3,149,535$2,530,521$4,442,674
64$6,947,633$3,250,800$2,562,231$4,724,390
65$7,601,558$3,355,355$2,593,332$5,030,173
66$8,320,459$3,463,309$2,623,750$5,362,357
67$9,110,909$3,574,775$2,653,410$5,723,507
68$9,980,151$3,689,868$2,682,228$6,116,449
69$10,936,163$3,808,709$2,710,120$6,544,293
70$11,987,737$3,931,421$2,736,994$7,010,462
71$13,144,558$4,058,132$2,762,755$7,518,727
72$14,417,298$4,188,976$2,787,302$8,073,238
73$15,817,715$4,324,088$2,810,530$8,678,565
74$17,358,766$4,463,612$2,832,326$9,339,742
75$19,054,724$4,607,693$2,852,573$10,062,311
76$20,921,319$4,756,483$2,871,147$10,852,376
77$22,975,881$4,910,138$2,887,918$11,716,660
78$25,237,507$5,068,821$2,902,750$12,662,567
79$27,727,239$5,232,700$2,915,498$13,698,254
80$30,468,262$5,401,947$2,926,012$14,832,703
81$33,486,124$5,576,741$2,934,132$16,075,809
82$36,808,976$5,757,269$2,939,693$17,438,473
83$40,467,838$5,943,721$2,942,519$18,932,702
84$44,496,890$6,136,297$2,942,427$20,571,723
85$48,933,798$6,335,200$2,939,223$22,370,109
86$53,820,065$6,540,645$2,932,706$24,343,912
87$59,201,424$6,752,848$2,922,664$26,510,820
88$65,128,270$6,972,039$2,908,875$28,890,316
89$71,656,137$7,198,452$2,891,105$31,503,868
90$78,846,216$7,432,329$2,869,110$34,375,128
91$86,765,940$7,673,923$2,842,635$37,530,153
92$95,489,614$7,923,494$2,811,412$40,997,655
93$105,099,120$8,181,310$2,775,159$44,809,267
94$115,684,686$8,447,650$2,733,583$48,999,844
95$127,345,742$8,722,803$2,686,376$53,607,790
96$140,191,854$9,007,067$2,633,216$58,675,420
97$154,343,760$9,300,750$2,573,766$64,249,358
98$169,934,510$9,604,173$2,507,673$70,380,979
99$187,110,717$9,917,665$2,434,568$77,126,890
100$206,033,949$10,241,570$2,354,064$84,549,467