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%11.4%
1 years$170,113$168,598$167,119$165,676$164,267$163,300
2 years$84,214$82,646$81,126$79,652$78,223$77,247
3 years$55,585$54,010$52,494$51,034$49,628$48,674
4 years$41,273$39,703$38,202$36,767$35,395$34,470
5 years$32,689$31,128$29,646$28,241$26,907$26,013
6 years$26,967$25,418$23,959$22,584$21,290$20,430
7 years$22,882$21,346$19,910$18,568$17,315$16,488
8 years$19,820$18,298$16,885$15,576$14,364$13,570
9 years$17,439$15,931$14,543$13,267$12,097$11,336
10 years$15,536$14,043$12,679$11,437$10,307$9,579
11 years$13,980$12,501$11,162$9,953$8,864$8,169
12 years$12,684$11,221$9,906$8,730$7,682$7,018
13 years$11,588$10,140$8,851$7,708$6,699$6,066
14 years$10,649$9,217$7,952$6,842$5,872$5,269
15 years$9,837$8,420$7,180$6,102$5,170$4,597
16 years$9,127$7,725$6,510$5,463$4,569$4,025
17 years$8,501$7,115$5,924$4,909$4,052$3,535
18 years$7,945$6,574$5,407$4,424$3,602$3,112
19 years$7,448$6,093$4,950$3,997$3,211$2,747
20 years$7,001$5,662$4,543$3,620$2,868$2,429
21 years$6,598$5,274$4,179$3,286$2,567$2,152
22 years$6,231$4,923$3,851$2,987$2,301$1,909
23 years$5,897$4,604$3,556$2,721$2,065$1,696
24 years$5,592$4,314$3,289$2,481$1,856$1,508
25 years$5,311$4,048$3,046$2,266$1,670$1,343
26 years$5,052$3,805$2,825$2,072$1,505$1,197
27 years$4,813$3,581$2,623$1,897$1,356$1,067
28 years$4,591$3,374$2,439$1,738$1,224$952
29 years$4,385$3,183$2,269$1,594$1,105$850
30 years$4,193$3,006$2,114$1,462$999$760
31 years$4,014$2,842$1,971$1,343$903$679
32 years$3,846$2,689$1,839$1,234$817$607
33 years$3,689$2,546$1,717$1,135$739$543
34 years$3,542$2,413$1,604$1,044$669$486
35 years$3,403$2,289$1,500$961$606$435
36 years$3,272$2,173$1,403$885$549$390
37 years$3,148$2,064$1,313$816$498$349
38 years$3,032$1,961$1,230$752$451$313
39 years$2,921$1,865$1,152$693$409$280
40 years$2,816$1,774$1,080$640$371$251
41 years$2,717$1,689$1,013$590$337$225
42 years$2,623$1,608$950$545$306$202
43 years$2,533$1,533$891$503$277$181
44 years$2,448$1,461$837$464$252$162
45 years$2,366$1,393$786$429$228$146
46 years$2,289$1,329$738$396$207$131
47 years$2,215$1,268$693$366$188$117
48 years$2,144$1,211$651$338$171$105
49 years$2,076$1,156$612$312$155$94
50 years$2,011$1,104$576$289$141$85

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 $2,120 every year, while hoping to spend $43,298 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: 52/30/18 Blend
50$2,060,000$2,060,000$2,060,000$2,060,000
51$2,272,307$2,163,127$2,131,197$2,379,164
52$2,458,013$2,223,051$2,156,523$2,512,711
53$2,661,211$2,284,461$2,181,247$2,653,183
54$2,883,638$2,347,383$2,205,302$2,805,029
55$3,127,208$2,411,844$2,228,619$2,969,342
56$3,394,029$2,477,870$2,251,124$3,147,324
57$3,686,424$2,545,490$2,272,740$3,340,301
58$4,006,949$2,614,728$2,293,386$3,549,729
59$4,358,418$2,685,611$2,312,976$3,777,215
60$4,743,935$2,758,164$2,331,418$4,024,528
61$5,166,915$2,832,412$2,348,619$4,293,615
62$5,631,120$2,908,380$2,364,478$4,586,622
63$6,140,695$2,986,092$2,378,889$4,905,912
64$6,700,206$3,065,570$2,391,742$5,254,088
65$7,314,682$3,146,838$2,402,919$5,634,016
66$7,989,662$3,229,915$2,412,300$6,048,857
67$8,731,250$3,314,824$2,419,754$6,502,089
68$9,546,169$3,401,582$2,425,148$6,997,547
69$10,441,827$3,490,207$2,428,338$7,539,454
70$11,426,382$3,580,717$2,429,177$8,132,465
71$12,508,827$3,673,126$2,427,508$8,781,706
72$13,699,065$3,767,446$2,423,167$9,492,828
73$15,008,008$3,863,690$2,415,982$10,272,056
74$16,447,681$3,961,867$2,405,773$11,126,248
75$18,031,329$4,061,983$2,392,352$12,062,963
76$19,773,548$4,164,043$2,375,519$13,090,530
77$21,690,418$4,268,050$2,355,067$14,218,125
78$23,799,658$4,374,002$2,330,779$15,455,861
79$26,120,790$4,481,895$2,302,427$16,814,882
80$28,675,325$4,591,722$2,269,773$18,307,468
81$31,486,965$4,703,473$2,232,567$19,947,152
82$34,581,824$4,817,132$2,190,547$21,748,845
83$37,988,680$4,932,681$2,143,440$23,728,981
84$41,739,240$5,050,097$2,090,959$25,905,669
85$45,868,441$5,169,351$2,032,805$28,298,866
86$50,414,783$5,290,410$1,968,665$30,930,565
87$55,420,686$5,413,235$1,898,211$33,825,002
88$60,932,895$5,537,782$1,821,099$37,008,885
89$67,002,916$5,664,000$1,736,973$40,511,648
90$73,687,509$5,791,831$1,645,456$44,365,727
91$81,049,213$5,921,209$1,546,158$48,606,869
92$89,156,948$6,052,063$1,438,669$53,274,468
93$98,086,654$6,184,312$1,322,561$58,411,936
94$107,922,014$6,317,865$1,197,389$64,067,116
95$118,755,243$6,452,623$1,062,685$70,292,732
96$130,687,954$6,588,478$917,961$77,146,890
97$143,832,122$6,725,310$762,709$84,693,622
98$158,311,135$6,862,987$596,397$93,003,496
99$174,260,964$7,001,367$418,469$102,154,281
100$191,831,442$7,140,293$228,348$112,231,679