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

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$171,764$170,234$168,742$167,285$165,862$161,852
2 years$85,032$83,448$81,913$80,425$78,982$74,966
3 years$56,125$54,534$53,003$51,529$50,109$46,213
4 years$41,674$40,089$38,573$37,124$35,738$31,992
5 years$33,006$31,430$29,934$28,515$27,168$23,581
6 years$27,229$25,665$24,191$22,803$21,497$18,074
7 years$23,104$21,553$20,103$18,748$17,483$14,224
8 years$20,012$18,475$17,049$15,727$14,504$11,408
9 years$17,609$16,086$14,684$13,396$12,214$9,279
10 years$15,687$14,179$12,802$11,548$10,407$7,628
11 years$14,115$12,623$11,271$10,050$8,950$6,325
12 years$12,807$11,329$10,003$8,815$7,756$5,279
13 years$11,700$10,239$8,937$7,782$6,764$4,430
14 years$10,753$9,307$8,030$6,908$5,929$3,734
15 years$9,932$8,502$7,250$6,161$5,220$3,159
16 years$9,215$7,800$6,573$5,517$4,614$2,680
17 years$8,583$7,184$5,981$4,957$4,091$2,280
18 years$8,022$6,638$5,460$4,467$3,637$1,944
19 years$7,520$6,152$4,998$4,036$3,242$1,660
20 years$7,069$5,717$4,587$3,656$2,896$1,420
21 years$6,662$5,325$4,219$3,318$2,591$1,216
22 years$6,292$4,971$3,889$3,016$2,323$1,042
23 years$5,955$4,649$3,591$2,747$2,085$894
24 years$5,646$4,356$3,321$2,506$1,874$768
25 years$5,363$4,088$3,076$2,288$1,686$660
26 years$5,101$3,842$2,852$2,092$1,519$567
27 years$4,860$3,616$2,649$1,915$1,370$488
28 years$4,636$3,407$2,462$1,755$1,236$420
29 years$4,428$3,214$2,291$1,609$1,116$362
30 years$4,234$3,035$2,134$1,477$1,008$311
31 years$4,053$2,869$1,990$1,356$912$268
32 years$3,884$2,715$1,857$1,246$825$231
33 years$3,725$2,571$1,733$1,146$746$199
34 years$3,576$2,437$1,620$1,055$676$172
35 years$3,436$2,311$1,514$971$612$148
36 years$3,304$2,194$1,417$894$554$128
37 years$3,179$2,084$1,326$824$503$110
38 years$3,061$1,980$1,242$759$456$95
39 years$2,949$1,883$1,163$700$413$82
40 years$2,844$1,791$1,090$646$375$71
41 years$2,743$1,705$1,022$596$340$61
42 years$2,648$1,624$959$550$309$52
43 years$2,558$1,547$900$508$280$45
44 years$2,471$1,475$845$469$254$39
45 years$2,389$1,407$793$433$231$34
46 years$2,311$1,342$745$400$209$29
47 years$2,236$1,280$700$369$190$25
48 years$2,165$1,222$658$341$173$22
49 years$2,096$1,167$618$315$157$19
50 years$2,031$1,115$581$292$143$16

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 $3,117 every year, while hoping to spend $34,431 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: 41/31/28 Blend
50$2,080,000$2,080,000$2,080,000$2,080,000
51$2,295,375$2,185,135$2,152,895$2,370,472
52$2,492,869$2,255,572$2,188,383$2,495,524
53$2,709,353$2,328,307$2,223,905$2,627,345
54$2,946,729$2,403,416$2,259,428$2,769,379
55$3,207,089$2,480,977$2,294,912$2,922,587
56$3,492,739$2,561,071$2,330,319$3,088,025
57$3,806,219$2,643,785$2,365,605$3,266,857
58$4,150,326$2,729,203$2,400,726$3,460,362
59$4,528,143$2,817,417$2,435,633$3,669,947
60$4,943,063$2,908,520$2,470,276$3,897,162
61$5,398,825$3,002,608$2,504,601$4,143,712
62$5,899,550$3,099,780$2,538,550$4,411,474
63$6,449,776$3,200,141$2,572,062$4,702,516
64$7,054,501$3,303,796$2,605,075$5,019,111
65$7,719,234$3,410,856$2,637,518$5,363,765
66$8,450,042$3,521,434$2,669,322$5,739,236
67$9,253,612$3,635,650$2,700,410$6,148,561
68$10,137,308$3,753,625$2,730,701$6,595,085
69$11,109,246$3,875,485$2,760,112$7,082,490
70$12,178,367$4,001,361$2,788,553$7,614,834
71$13,354,521$4,131,388$2,815,930$8,196,584
72$14,648,562$4,265,706$2,842,144$8,832,660
73$16,072,450$4,404,460$2,867,090$9,528,484
74$17,639,361$4,547,800$2,890,659$10,290,026
75$19,363,814$4,695,880$2,912,734$11,123,862
76$21,261,806$4,848,862$2,933,194$12,037,238
77$23,350,964$5,006,910$2,951,910$13,038,134
78$25,650,710$5,170,196$2,968,747$14,135,344
79$28,182,446$5,338,900$2,983,564$15,338,552
80$30,969,754$5,513,203$2,996,211$16,658,432
81$34,038,616$5,693,298$3,006,531$18,106,739
82$37,417,666$5,879,380$3,014,361$19,696,428
83$41,138,452$6,071,655$3,019,527$21,441,769
84$45,235,741$6,270,332$3,021,847$23,358,486
85$49,747,840$6,475,632$3,021,133$25,463,903
86$54,716,962$6,687,780$3,017,183$27,777,111
87$60,189,621$6,907,011$3,009,788$30,319,139
88$66,217,076$7,133,567$2,998,729$33,113,164
89$72,855,806$7,367,700$2,983,774$36,184,719
90$80,168,051$7,609,670$2,964,684$39,561,941
91$88,222,395$7,859,747$2,941,203$43,275,832
92$97,094,414$8,118,210$2,913,068$47,360,552
93$106,867,389$8,385,347$2,880,001$51,853,743
94$117,633,092$8,661,458$2,841,710$56,796,885
95$129,492,651$8,946,853$2,797,892$62,235,680
96$142,557,506$9,241,854$2,748,226$68,220,493
97$156,950,460$9,546,793$2,692,379$74,806,819
98$172,806,836$9,862,014$2,630,003$82,055,812
99$190,275,756$10,187,876$2,560,731$90,034,860
100$209,521,548$10,524,747$2,484,180$98,818,218