Can I retire at age 51 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$171,764$170,234$168,742$167,285$165,862$162,580
2 years$85,032$83,448$81,913$80,425$78,982$75,689
3 years$56,125$54,534$53,003$51,529$50,109$46,908
4 years$41,674$40,089$38,573$37,124$35,738$32,654
5 years$33,006$31,430$29,934$28,515$27,168$24,209
6 years$27,229$25,665$24,191$22,803$21,497$18,667
7 years$23,104$21,553$20,103$18,748$17,483$14,782
8 years$20,012$18,475$17,049$15,727$14,504$11,931
9 years$17,609$16,086$14,684$13,396$12,214$9,769
10 years$15,687$14,179$12,802$11,548$10,407$8,086
11 years$14,115$12,623$11,271$10,050$8,950$6,751
12 years$12,807$11,329$10,003$8,815$7,756$5,675
13 years$11,700$10,239$8,937$7,782$6,764$4,798
14 years$10,753$9,307$8,030$6,908$5,929$4,075
15 years$9,932$8,502$7,250$6,161$5,220$3,473
16 years$9,215$7,800$6,573$5,517$4,614$2,970
17 years$8,583$7,184$5,981$4,957$4,091$2,547
18 years$8,022$6,638$5,460$4,467$3,637$2,189
19 years$7,520$6,152$4,998$4,036$3,242$1,884
20 years$7,069$5,717$4,587$3,656$2,896$1,625
21 years$6,662$5,325$4,219$3,318$2,591$1,403
22 years$6,292$4,971$3,889$3,016$2,323$1,213
23 years$5,955$4,649$3,591$2,747$2,085$1,050
24 years$5,646$4,356$3,321$2,506$1,874$910
25 years$5,363$4,088$3,076$2,288$1,686$788
26 years$5,101$3,842$2,852$2,092$1,519$684
27 years$4,860$3,616$2,649$1,915$1,370$594
28 years$4,636$3,407$2,462$1,755$1,236$515
29 years$4,428$3,214$2,291$1,609$1,116$448
30 years$4,234$3,035$2,134$1,477$1,008$389
31 years$4,053$2,869$1,990$1,356$912$338
32 years$3,884$2,715$1,857$1,246$825$294
33 years$3,725$2,571$1,733$1,146$746$256
34 years$3,576$2,437$1,620$1,055$676$222
35 years$3,436$2,311$1,514$971$612$194
36 years$3,304$2,194$1,417$894$554$168
37 years$3,179$2,084$1,326$824$503$147
38 years$3,061$1,980$1,242$759$456$128
39 years$2,949$1,883$1,163$700$413$111
40 years$2,844$1,791$1,090$646$375$97
41 years$2,743$1,705$1,022$596$340$84
42 years$2,648$1,624$959$550$309$73
43 years$2,558$1,547$900$508$280$64
44 years$2,471$1,475$845$469$254$56
45 years$2,389$1,407$793$433$231$48
46 years$2,311$1,342$745$400$209$42
47 years$2,236$1,280$700$369$190$37
48 years$2,165$1,222$658$341$173$32
49 years$2,096$1,167$618$315$157$28
50 years$2,031$1,115$581$292$143$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,080,000, adding $4,910 every year, while hoping to spend $38,690 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: 67/13/20 Blend
50$2,080,000$2,080,000$2,080,000$2,080,000
51$2,297,225$2,186,985$2,154,745$2,439,345
52$2,490,376$2,252,981$2,185,763$2,601,132
53$2,701,931$2,320,915$2,216,523$2,773,059
54$2,933,728$2,390,839$2,246,977$2,960,144
55$3,187,789$2,462,810$2,277,070$3,163,874
56$3,466,340$2,536,885$2,306,749$3,385,892
57$3,771,836$2,613,121$2,335,954$3,628,004
58$4,106,978$2,691,579$2,364,624$3,892,201
59$4,474,742$2,772,319$2,392,691$4,180,676
60$4,878,408$2,855,405$2,420,088$4,495,842
61$5,321,585$2,940,899$2,446,741$4,840,361
62$5,808,252$3,028,869$2,472,572$5,217,162
63$6,342,791$3,119,381$2,497,501$5,629,474
64$6,930,030$3,212,504$2,521,440$6,080,851
65$7,575,285$3,308,308$2,544,301$6,575,212
66$8,284,415$3,406,867$2,565,986$7,116,872
67$9,063,875$3,508,253$2,586,396$7,710,586
68$9,920,775$3,612,542$2,605,425$8,361,593
69$10,862,949$3,719,811$2,622,962$9,075,664
70$11,899,027$3,830,140$2,638,889$9,859,159
71$13,038,520$3,943,609$2,653,083$10,719,084
72$14,291,903$4,060,300$2,665,415$11,663,159
73$15,670,720$4,180,297$2,675,750$12,699,892
74$17,187,689$4,303,688$2,683,943$13,838,653
75$18,856,823$4,430,558$2,689,846$15,089,773
76$20,693,563$4,561,000$2,693,299$16,464,629
77$22,714,921$4,695,103$2,694,139$17,975,762
78$24,939,642$4,832,962$2,692,192$19,636,988
79$27,388,380$4,974,671$2,687,274$21,463,534
80$30,083,893$5,120,329$2,679,196$23,472,177
81$33,051,258$5,270,033$2,667,758$25,681,404
82$36,318,107$5,423,885$2,652,748$28,111,587
83$39,914,887$5,581,989$2,633,948$30,785,176
84$43,875,147$5,744,447$2,611,127$33,726,907
85$48,235,855$5,911,368$2,584,043$36,964,042
86$53,037,746$6,082,860$2,552,442$40,526,619
87$58,325,708$6,259,032$2,516,061$44,447,740
88$64,149,203$6,439,997$2,474,622$48,763,885
89$70,562,734$6,625,869$2,427,834$53,515,250
90$77,626,360$6,816,764$2,375,394$58,746,133
91$85,406,262$7,012,799$2,316,983$64,505,349
92$93,975,368$7,214,093$2,252,269$70,846,690
93$103,414,039$7,420,766$2,180,903$77,829,436
94$113,810,829$7,632,943$2,102,521$85,518,912
95$125,263,322$7,850,745$2,016,744$93,987,105
96$137,879,048$8,074,299$1,923,172$103,313,346
97$151,776,503$8,303,731$1,821,390$113,585,055
98$167,086,262$8,539,170$1,710,963$124,898,571
99$183,952,216$8,780,745$1,591,436$137,360,056
100$202,532,928$9,028,587$1,462,334$151,086,505