Can I retire at age 51 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$170,939$169,416$167,930$166,481$165,065$163,137
2 years$84,623$83,047$81,520$80,039$78,602$76,662
3 years$55,855$54,272$52,749$51,282$49,868$47,976
4 years$41,474$39,896$38,387$36,945$35,567$33,737
5 years$32,847$31,279$29,790$28,378$27,037$25,275
6 years$27,098$25,541$24,075$22,694$21,394$19,701
7 years$22,993$21,450$20,006$18,658$17,399$15,776
8 years$19,916$18,386$16,967$15,652$14,434$12,882
9 years$17,524$16,009$14,614$13,332$12,155$10,673
10 years$15,611$14,111$12,741$11,492$10,357$8,943
11 years$14,047$12,562$11,217$10,002$8,907$7,561
12 years$12,745$11,275$9,954$8,773$7,719$6,438
13 years$11,644$10,189$8,894$7,745$6,731$5,515
14 years$10,701$9,262$7,991$6,875$5,900$4,747
15 years$9,885$8,461$7,215$6,131$5,195$4,102
16 years$9,171$7,763$6,541$5,490$4,592$3,557
17 years$8,542$7,149$5,952$4,933$4,071$3,094
18 years$7,983$6,606$5,434$4,445$3,620$2,698
19 years$7,484$6,122$4,974$4,017$3,226$2,357
20 years$7,035$5,689$4,565$3,638$2,882$2,063
21 years$6,630$5,299$4,199$3,302$2,579$1,809
22 years$6,262$4,947$3,870$3,002$2,312$1,588
23 years$5,926$4,627$3,573$2,734$2,075$1,396
24 years$5,619$4,335$3,305$2,494$1,865$1,228
25 years$5,337$4,068$3,061$2,277$1,678$1,081
26 years$5,077$3,823$2,839$2,082$1,512$953
27 years$4,836$3,598$2,636$1,906$1,363$841
28 years$4,614$3,391$2,451$1,746$1,230$742
29 years$4,407$3,199$2,280$1,601$1,111$655
30 years$4,214$3,021$2,124$1,470$1,003$579
31 years$4,034$2,856$1,980$1,350$907$511
32 years$3,865$2,702$1,848$1,240$821$452
33 years$3,707$2,559$1,725$1,141$743$400
34 years$3,559$2,425$1,612$1,050$672$354
35 years$3,419$2,300$1,507$966$609$313
36 years$3,288$2,183$1,410$890$552$277
37 years$3,164$2,074$1,320$820$500$245
38 years$3,046$1,971$1,236$756$453$217
39 years$2,935$1,874$1,158$697$411$192
40 years$2,830$1,783$1,085$643$373$170
41 years$2,730$1,697$1,017$593$338$151
42 years$2,635$1,616$954$547$307$134
43 years$2,545$1,540$896$505$279$118
44 years$2,459$1,468$841$466$253$105
45 years$2,378$1,400$789$431$230$93
46 years$2,300$1,335$741$398$208$82
47 years$2,225$1,274$697$368$189$73
48 years$2,154$1,217$655$340$172$65
49 years$2,086$1,162$615$314$156$57
50 years$2,021$1,110$578$290$142$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,070,000, adding $2,296 every year, while hoping to spend $32,719 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: 49/24/27 Blend
50$2,070,000$2,070,000$2,070,000$2,070,000
51$2,283,508$2,173,798$2,141,713$2,377,791
52$2,481,613$2,245,502$2,178,648$2,515,754
53$2,698,829$2,319,622$2,215,723$2,662,130
54$2,937,069$2,396,243$2,252,910$2,820,521
55$3,198,442$2,475,451$2,290,175$2,992,081
56$3,485,273$2,557,338$2,327,485$3,178,076
57$3,800,118$2,641,995$2,364,803$3,379,901
58$4,145,797$2,729,520$2,402,091$3,599,091
59$4,525,415$2,820,013$2,439,308$3,837,338
60$4,942,391$2,913,577$2,476,408$4,096,502
61$5,400,494$3,010,321$2,513,346$4,378,631
62$5,903,873$3,110,355$2,550,072$4,685,981
63$6,457,101$3,213,796$2,586,533$5,021,036
64$7,065,216$3,320,763$2,622,673$5,386,530
65$7,733,768$3,431,381$2,658,432$5,785,475
66$8,468,871$3,545,777$2,693,749$6,221,187
67$9,277,262$3,664,086$2,728,555$6,697,320
68$10,166,363$3,786,446$2,762,781$7,217,896
69$11,144,350$3,913,000$2,796,353$7,787,347
70$12,220,235$4,043,898$2,829,192$8,410,552
71$13,403,943$4,179,293$2,861,214$9,092,889
72$14,706,412$4,319,346$2,892,332$9,840,280
73$16,139,695$4,464,222$2,922,453$10,659,247
74$17,717,068$4,614,094$2,951,480$11,556,978
75$19,453,165$4,769,140$2,979,310$12,541,389
76$21,364,105$4,929,545$3,005,835$13,621,202
77$23,467,653$5,095,502$3,030,939$14,806,026
78$25,783,382$5,267,210$3,054,504$16,106,447
79$28,332,859$5,444,875$3,076,402$17,534,126
80$31,139,849$5,628,712$3,096,500$19,101,915
81$34,230,538$5,818,944$3,114,657$20,823,971
82$37,633,783$6,015,802$3,130,728$22,715,891
83$41,381,378$6,219,526$3,144,556$24,794,862
84$45,508,359$6,430,363$3,155,980$27,079,820
85$50,053,334$6,648,573$3,164,828$29,591,631
86$55,058,845$6,874,424$3,170,920$32,353,283
87$60,571,770$7,108,194$3,174,069$35,390,108
88$66,643,767$7,350,172$3,174,077$38,730,017
89$73,331,758$7,600,657$3,170,735$42,403,765
90$80,698,469$7,859,962$3,163,827$46,445,241
91$88,813,022$8,128,408$3,153,124$50,891,787
92$97,751,583$8,406,333$3,138,386$55,784,550
93$107,598,086$8,694,085$3,119,364$61,168,869
94$118,445,021$8,992,025$3,095,793$67,094,706
95$130,394,309$9,300,531$3,067,398$73,617,114
96$143,558,264$9,619,992$3,033,890$80,796,758
97$158,060,649$9,950,814$2,994,968$88,700,487
98$174,037,851$10,293,419$2,950,315$97,401,963
99$191,640,159$10,648,244$2,899,598$106,982,360
100$211,033,193$11,015,745$2,842,472$117,531,124