Can I retire at age 51 with 2,060,000?

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$170,113$168,598$167,119$165,676$164,267$157,812
2 years$84,214$82,646$81,126$79,652$78,223$71,798
3 years$55,585$54,010$52,494$51,034$49,628$43,436
4 years$41,273$39,703$38,202$36,767$35,395$29,483
5 years$32,689$31,128$29,646$28,241$26,907$21,290
6 years$26,967$25,418$23,959$22,584$21,290$15,973
7 years$22,882$21,346$19,910$18,568$17,315$12,294
8 years$19,820$18,298$16,885$15,576$14,364$9,636
9 years$17,439$15,931$14,543$13,267$12,097$7,653
10 years$15,536$14,043$12,679$11,437$10,307$6,140
11 years$13,980$12,501$11,162$9,953$8,864$4,964
12 years$12,684$11,221$9,906$8,730$7,682$4,037
13 years$11,588$10,140$8,851$7,708$6,699$3,300
14 years$10,649$9,217$7,952$6,842$5,872$2,707
15 years$9,837$8,420$7,180$6,102$5,170$2,228
16 years$9,127$7,725$6,510$5,463$4,569$1,838
17 years$8,501$7,115$5,924$4,909$4,052$1,519
18 years$7,945$6,574$5,407$4,424$3,602$1,258
19 years$7,448$6,093$4,950$3,997$3,211$1,043
20 years$7,001$5,662$4,543$3,620$2,868$866
21 years$6,598$5,274$4,179$3,286$2,567$720
22 years$6,231$4,923$3,851$2,987$2,301$598
23 years$5,897$4,604$3,556$2,721$2,065$498
24 years$5,592$4,314$3,289$2,481$1,856$415
25 years$5,311$4,048$3,046$2,266$1,670$345
26 years$5,052$3,805$2,825$2,072$1,505$288
27 years$4,813$3,581$2,623$1,897$1,356$240
28 years$4,591$3,374$2,439$1,738$1,224$200
29 years$4,385$3,183$2,269$1,594$1,105$167
30 years$4,193$3,006$2,114$1,462$999$139
31 years$4,014$2,842$1,971$1,343$903$116
32 years$3,846$2,689$1,839$1,234$817$97
33 years$3,689$2,546$1,717$1,135$739$81
34 years$3,542$2,413$1,604$1,044$669$67
35 years$3,403$2,289$1,500$961$606$56
36 years$3,272$2,173$1,403$885$549$47
37 years$3,148$2,064$1,313$816$498$39
38 years$3,032$1,961$1,230$752$451$33
39 years$2,921$1,865$1,152$693$409$27
40 years$2,816$1,774$1,080$640$371$23
41 years$2,717$1,689$1,013$590$337$19
42 years$2,623$1,608$950$545$306$16
43 years$2,533$1,533$891$503$277$13
44 years$2,448$1,461$837$464$252$11
45 years$2,366$1,393$786$429$228$9
46 years$2,289$1,329$738$396$207$8
47 years$2,215$1,268$693$366$188$6
48 years$2,144$1,211$651$338$171$5
49 years$2,076$1,156$612$312$155$4
50 years$2,011$1,104$576$289$141$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,060,000, adding $3,573 every year, while hoping to spend $32,690 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: 40/44/16 Blend
50$2,060,000$2,060,000$2,060,000$2,060,000
51$2,273,806$2,164,626$2,132,696$2,353,811
52$2,470,952$2,235,910$2,169,359$2,482,283
53$2,687,111$2,309,592$2,206,155$2,617,734
54$2,924,189$2,385,755$2,243,053$2,763,569
55$3,184,283$2,464,483$2,280,022$2,920,748
56$3,469,704$2,545,867$2,317,027$3,090,326
57$3,782,997$2,629,998$2,354,031$3,273,460
58$4,126,968$2,716,973$2,390,996$3,471,425
59$4,504,703$2,806,889$2,427,879$3,685,621
60$4,919,606$2,899,850$2,464,636$3,917,588
61$5,375,425$2,995,962$2,501,221$4,169,019
62$5,876,289$3,095,335$2,537,582$4,441,777
63$6,426,747$3,198,083$2,573,668$4,737,912
64$7,031,811$3,304,325$2,609,422$5,059,678
65$7,697,002$3,414,183$2,644,783$5,409,555
66$8,428,403$3,527,784$2,679,690$5,790,274
67$9,232,715$3,645,260$2,714,075$6,204,837
68$10,117,322$3,766,749$2,747,867$6,656,552
69$11,090,360$3,892,390$2,780,991$7,149,058
70$12,160,791$4,022,332$2,813,369$7,686,359
71$13,338,492$4,156,726$2,844,916$8,272,867
72$14,634,343$4,295,730$2,875,546$8,913,435
73$16,060,333$4,439,508$2,905,164$9,613,410
74$17,629,673$4,588,230$2,933,673$10,378,676
75$19,356,918$4,742,072$2,960,970$11,215,713
76$21,258,106$4,901,216$2,986,945$12,131,658
77$23,350,909$5,065,852$3,011,483$13,134,369
78$25,654,799$5,236,176$3,034,465$14,232,499
79$28,191,232$5,412,391$3,055,763$15,435,581
80$30,983,850$5,594,711$3,075,243$16,754,111
81$34,058,703$5,783,352$3,092,765$18,199,650
82$37,444,499$5,978,544$3,108,180$19,784,933
83$41,172,867$6,180,523$3,121,334$21,523,986
84$45,278,664$6,389,533$3,132,063$23,432,260
85$49,800,296$6,605,828$3,140,195$25,526,774
86$54,780,085$6,829,673$3,145,551$27,826,275
87$60,264,668$7,061,341$3,147,941$30,351,416
88$66,305,435$7,301,117$3,147,168$33,124,949
89$72,959,014$7,549,296$3,143,022$36,171,937
90$80,287,805$7,806,184$3,135,286$39,519,992
91$88,360,574$8,072,099$3,123,730$43,199,534
92$97,253,092$8,347,372$3,108,114$47,244,078
93$107,048,858$8,632,344$3,088,188$51,690,545
94$117,839,886$8,927,373$3,063,686$56,579,616
95$129,727,568$9,232,828$3,034,332$61,956,111
96$142,823,635$9,549,092$2,999,838$67,869,410
97$157,251,213$9,876,564$2,959,900$74,373,921
98$173,145,980$10,215,660$2,914,200$81,529,590
99$190,657,451$10,566,807$2,862,406$89,402,466
100$209,950,384$10,930,455$2,804,171$98,065,325