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

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$170,113$168,598$167,119$165,676$164,267$161,879
2 years$84,214$82,646$81,126$79,652$78,223$75,822
3 years$55,585$54,010$52,494$51,034$49,628$47,289
4 years$41,273$39,703$38,202$36,767$35,395$33,136
5 years$32,689$31,128$29,646$28,241$26,907$24,734
6 years$26,967$25,418$23,959$22,584$21,290$19,206
7 years$22,882$21,346$19,910$18,568$17,315$15,320
8 years$19,820$18,298$16,885$15,576$14,364$12,459
9 years$17,439$15,931$14,543$13,267$12,097$10,280
10 years$15,536$14,043$12,679$11,437$10,307$8,577
11 years$13,980$12,501$11,162$9,953$8,864$7,220
12 years$12,684$11,221$9,906$8,730$7,682$6,121
13 years$11,588$10,140$8,851$7,708$6,699$5,219
14 years$10,649$9,217$7,952$6,842$5,872$4,471
15 years$9,837$8,420$7,180$6,102$5,170$3,846
16 years$9,127$7,725$6,510$5,463$4,569$3,319
17 years$8,501$7,115$5,924$4,909$4,052$2,872
18 years$7,945$6,574$5,407$4,424$3,602$2,492
19 years$7,448$6,093$4,950$3,997$3,211$2,166
20 years$7,001$5,662$4,543$3,620$2,868$1,886
21 years$6,598$5,274$4,179$3,286$2,567$1,645
22 years$6,231$4,923$3,851$2,987$2,301$1,436
23 years$5,897$4,604$3,556$2,721$2,065$1,256
24 years$5,592$4,314$3,289$2,481$1,856$1,099
25 years$5,311$4,048$3,046$2,266$1,670$962
26 years$5,052$3,805$2,825$2,072$1,505$843
27 years$4,813$3,581$2,623$1,897$1,356$740
28 years$4,591$3,374$2,439$1,738$1,224$649
29 years$4,385$3,183$2,269$1,594$1,105$570
30 years$4,193$3,006$2,114$1,462$999$501
31 years$4,014$2,842$1,971$1,343$903$440
32 years$3,846$2,689$1,839$1,234$817$387
33 years$3,689$2,546$1,717$1,135$739$340
34 years$3,542$2,413$1,604$1,044$669$299
35 years$3,403$2,289$1,500$961$606$263
36 years$3,272$2,173$1,403$885$549$231
37 years$3,148$2,064$1,313$816$498$204
38 years$3,032$1,961$1,230$752$451$179
39 years$2,921$1,865$1,152$693$409$158
40 years$2,816$1,774$1,080$640$371$139
41 years$2,717$1,689$1,013$590$337$122
42 years$2,623$1,608$950$545$306$108
43 years$2,533$1,533$891$503$277$95
44 years$2,448$1,461$837$464$252$83
45 years$2,366$1,393$786$429$228$73
46 years$2,289$1,329$738$396$207$65
47 years$2,215$1,268$693$366$188$57
48 years$2,144$1,211$651$338$171$50
49 years$2,076$1,156$612$312$155$44
50 years$2,011$1,104$576$289$141$39

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 $6,081 every year, while hoping to spend $48,442 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: 81/13/6 Blend
50$2,060,000$2,060,000$2,060,000$2,060,000
51$2,276,393$2,167,213$2,135,283$2,459,334
52$2,457,043$2,221,864$2,155,273$2,634,540
53$2,654,496$2,277,570$2,174,309$2,819,715
54$2,870,414$2,334,331$2,192,308$3,021,457
55$3,106,628$2,392,145$2,209,183$3,241,395
56$3,365,155$2,451,011$2,224,841$3,481,321
57$3,648,213$2,510,923$2,239,185$3,743,212
58$3,958,248$2,571,874$2,252,114$4,029,241
59$4,297,950$2,633,857$2,263,521$4,341,804
60$4,670,284$2,696,860$2,273,293$4,683,538
61$5,078,516$2,760,869$2,281,311$5,057,349
62$5,526,241$2,825,868$2,287,452$5,466,438
63$6,017,421$2,891,838$2,291,584$5,914,328
64$6,556,417$2,958,757$2,293,571$6,404,904
65$7,148,034$3,026,600$2,293,269$6,942,441
66$7,797,568$3,095,337$2,290,527$7,531,652
67$8,510,847$3,164,936$2,285,187$8,177,727
68$9,294,295$3,235,359$2,277,083$8,886,385
69$10,154,988$3,306,567$2,266,040$9,663,926
70$11,100,722$3,378,514$2,251,877$10,517,290
71$12,140,082$3,451,148$2,234,402$11,454,124
72$13,282,531$3,524,414$2,213,415$12,482,853
73$14,538,491$3,598,252$2,188,706$13,612,759
74$15,919,444$3,672,594$2,160,055$14,854,070
75$17,438,043$3,747,366$2,127,232$16,218,055
76$19,108,225$3,822,489$2,089,996$17,717,131
77$20,945,348$3,897,875$2,048,095$19,364,977
78$22,966,332$3,973,430$2,001,265$21,176,668
79$25,189,821$4,049,051$1,949,230$23,168,815
80$27,636,354$4,124,626$1,891,701$25,359,719
81$30,328,565$4,200,035$1,828,375$27,769,549
82$33,291,390$4,275,148$1,758,937$30,420,527
83$36,552,306$4,349,825$1,683,056$33,337,139
84$40,141,590$4,423,915$1,600,387$36,546,369
85$44,092,600$4,497,255$1,510,568$40,077,950
86$48,442,096$4,569,670$1,413,222$43,964,647
87$53,230,579$4,640,974$1,307,955$48,242,563
88$58,502,681$4,710,964$1,194,354$52,951,484
89$64,307,578$4,779,425$1,071,989$58,135,251
90$70,699,460$4,846,126$940,410$63,842,175
91$77,738,038$4,910,820$799,146$70,125,493
92$85,489,109$4,973,241$647,709$77,043,871
93$94,025,176$5,033,107$485,584$84,661,956
94$103,426,131$5,090,116$312,238$93,050,989
95$113,780,010$5,143,946$127,112$102,289,473
96$125,183,824$5,194,252$0$112,463,920
97$137,744,472$5,240,669$0$123,674,174
98$151,579,752$5,282,804$0$136,029,757
99$166,819,467$5,320,243$0$149,638,333
100$183,606,660$5,352,541$0$164,627,524