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%18%
1 years$170,939$169,416$167,930$166,481$165,065$159,717
2 years$84,623$83,047$81,520$80,039$78,602$73,265
3 years$55,855$54,272$52,749$51,282$49,868$44,709
4 years$41,474$39,896$38,387$36,945$35,567$30,624
5 years$32,847$31,279$29,790$28,378$27,037$22,325
6 years$27,098$25,541$24,075$22,694$21,394$16,916
7 years$22,993$21,450$20,006$18,658$17,399$13,155
8 years$19,916$18,386$16,967$15,652$14,434$10,421
9 years$17,524$16,009$14,614$13,332$12,155$8,368
10 years$15,611$14,111$12,741$11,492$10,357$6,790
11 years$14,047$12,562$11,217$10,002$8,907$5,554
12 years$12,745$11,275$9,954$8,773$7,719$4,572
13 years$11,644$10,189$8,894$7,745$6,731$3,783
14 years$10,701$9,262$7,991$6,875$5,900$3,143
15 years$9,885$8,461$7,215$6,131$5,195$2,620
16 years$9,171$7,763$6,541$5,490$4,592$2,190
17 years$8,542$7,149$5,952$4,933$4,071$1,834
18 years$7,983$6,606$5,434$4,445$3,620$1,540
19 years$7,484$6,122$4,974$4,017$3,226$1,294
20 years$7,035$5,689$4,565$3,638$2,882$1,089
21 years$6,630$5,299$4,199$3,302$2,579$918
22 years$6,262$4,947$3,870$3,002$2,312$774
23 years$5,926$4,627$3,573$2,734$2,075$653
24 years$5,619$4,335$3,305$2,494$1,865$552
25 years$5,337$4,068$3,061$2,277$1,678$466
26 years$5,077$3,823$2,839$2,082$1,512$394
27 years$4,836$3,598$2,636$1,906$1,363$333
28 years$4,614$3,391$2,451$1,746$1,230$282
29 years$4,407$3,199$2,280$1,601$1,111$239
30 years$4,214$3,021$2,124$1,470$1,003$202
31 years$4,034$2,856$1,980$1,350$907$171
32 years$3,865$2,702$1,848$1,240$821$145
33 years$3,707$2,559$1,725$1,141$743$123
34 years$3,559$2,425$1,612$1,050$672$104
35 years$3,419$2,300$1,507$966$609$88
36 years$3,288$2,183$1,410$890$552$74
37 years$3,164$2,074$1,320$820$500$63
38 years$3,046$1,971$1,236$756$453$53
39 years$2,935$1,874$1,158$697$411$45
40 years$2,830$1,783$1,085$643$373$38
41 years$2,730$1,697$1,017$593$338$33
42 years$2,635$1,616$954$547$307$28
43 years$2,545$1,540$896$505$279$23
44 years$2,459$1,468$841$466$253$20
45 years$2,378$1,400$789$431$230$17
46 years$2,300$1,335$741$398$208$14
47 years$2,225$1,274$697$368$189$12
48 years$2,154$1,217$655$340$172$10
49 years$2,086$1,162$615$314$156$9
50 years$2,021$1,110$578$290$142$7

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 $4,772 every year, while hoping to spend $33,206 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: 49/41/10 Blend
50$2,070,000$2,070,000$2,070,000$2,070,000
51$2,286,062$2,176,352$2,144,267$2,391,704
52$2,483,910$2,247,663$2,180,769$2,535,935
53$2,700,825$2,321,354$2,217,381$2,688,625
54$2,938,717$2,397,509$2,254,072$2,853,711
55$3,199,690$2,476,211$2,290,807$3,032,364
56$3,486,061$2,557,548$2,327,552$3,225,868
57$3,800,382$2,641,610$2,364,267$3,435,637
58$4,145,464$2,728,492$2,400,913$3,663,224
59$4,524,404$2,818,291$2,437,447$3,910,339
60$4,940,613$2,911,107$2,473,821$4,178,864
61$5,397,849$3,007,044$2,509,987$4,470,866
62$5,900,251$3,106,212$2,545,894$4,788,624
63$6,452,382$3,208,721$2,581,486$5,134,641
64$7,059,264$3,314,687$2,616,705$5,511,675
65$7,726,433$3,424,231$2,651,489$5,922,760
66$8,459,988$3,537,477$2,685,773$6,371,237
67$9,266,648$3,654,555$2,719,487$6,860,781
68$10,153,814$3,775,596$2,752,558$7,395,441
69$11,129,644$3,900,741$2,784,910$7,979,670
70$12,203,123$4,030,133$2,816,459$8,618,376
71$13,384,152$4,163,919$2,847,121$9,316,960
72$14,683,639$4,302,255$2,876,803$10,081,369
73$16,113,605$4,445,300$2,905,410$10,918,153
74$17,687,292$4,593,220$2,932,841$11,834,523
75$19,419,294$4,746,186$2,958,990$12,838,423
76$21,325,689$4,904,375$2,983,743$13,938,598
77$23,424,193$5,067,974$3,006,982$15,144,685
78$25,734,328$5,237,172$3,028,583$16,467,292
79$28,277,604$5,412,168$3,048,416$17,918,107
80$31,077,723$5,593,168$3,066,341$19,510,003
81$34,160,803$5,780,385$3,082,215$21,257,159
82$37,555,620$5,974,039$3,095,885$23,175,195
83$41,293,887$6,174,361$3,107,191$25,281,317
84$45,410,547$6,381,588$3,115,965$27,594,477
85$49,944,103$6,595,966$3,122,030$30,135,556
86$54,936,985$6,817,752$3,125,201$32,927,555
87$60,435,946$7,047,210$3,125,285$35,995,816
88$66,492,506$7,284,617$3,122,075$39,368,253
89$73,163,436$7,530,258$3,115,359$43,075,625
90$80,511,295$7,784,429$3,104,912$47,151,816
91$88,605,019$8,047,438$3,090,498$51,634,159
92$97,520,572$8,319,603$3,071,871$56,563,784
93$107,341,664$8,601,257$3,048,772$61,986,009
94$118,160,538$8,892,743$3,020,930$67,950,763
95$130,078,843$9,194,417$2,988,061$74,513,060
96$143,208,591$9,506,650$2,949,868$81,733,513
97$157,673,218$9,829,827$2,906,039$89,678,907
98$173,608,743$10,164,345$2,856,248$98,422,829
99$191,165,057$10,510,620$2,800,155$108,046,360
100$210,507,334$10,869,081$2,737,401$118,638,838