Can I retire at age 51 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$172,590$171,053$169,553$168,089$166,660$164,782
2 years$85,441$83,849$82,307$80,812$79,362$77,472
3 years$56,395$54,797$53,258$51,777$50,350$48,506
4 years$41,874$40,281$38,758$37,302$35,910$34,126
5 years$33,165$31,581$30,078$28,652$27,298$25,580
6 years$27,360$25,788$24,308$22,913$21,600$19,950
7 years$23,215$21,657$20,200$18,838$17,567$15,984
8 years$20,108$18,564$17,131$15,803$14,573$13,059
9 years$17,693$16,163$14,755$13,461$12,273$10,826
10 years$15,762$14,247$12,864$11,603$10,457$9,077
11 years$14,183$12,683$11,325$10,098$8,993$7,679
12 years$12,868$11,384$10,051$8,857$7,794$6,543
13 years$11,757$10,288$8,980$7,820$6,796$5,608
14 years$10,804$9,351$8,068$6,942$5,957$4,830
15 years$9,980$8,543$7,284$6,191$5,245$4,177
16 years$9,259$7,838$6,604$5,543$4,636$3,625
17 years$8,624$7,218$6,010$4,980$4,111$3,155
18 years$8,060$6,670$5,486$4,488$3,655$2,753
19 years$7,556$6,182$5,022$4,056$3,258$2,407
20 years$7,103$5,744$4,609$3,673$2,910$2,108
21 years$6,694$5,351$4,240$3,334$2,604$1,850
22 years$6,322$4,995$3,907$3,031$2,334$1,625
23 years$5,983$4,671$3,608$2,760$2,095$1,429
24 years$5,673$4,377$3,337$2,518$1,883$1,259
25 years$5,388$4,107$3,090$2,299$1,695$1,109
26 years$5,126$3,860$2,866$2,102$1,526$978
27 years$4,883$3,633$2,662$1,924$1,376$864
28 years$4,658$3,423$2,474$1,763$1,242$763
29 years$4,449$3,229$2,302$1,617$1,121$674
30 years$4,254$3,050$2,145$1,484$1,013$596
31 years$4,072$2,883$1,999$1,363$916$527
32 years$3,902$2,728$1,865$1,252$829$466
33 years$3,743$2,584$1,742$1,152$750$413
34 years$3,593$2,449$1,627$1,060$679$365
35 years$3,452$2,322$1,522$975$615$324
36 years$3,319$2,204$1,423$898$557$287
37 years$3,194$2,094$1,332$828$505$254
38 years$3,076$1,990$1,248$763$458$225
39 years$2,964$1,892$1,169$703$415$199
40 years$2,857$1,800$1,096$649$377$177
41 years$2,757$1,714$1,027$599$342$157
42 years$2,661$1,632$964$552$310$139
43 years$2,570$1,555$904$510$281$123
44 years$2,483$1,482$849$471$255$109
45 years$2,401$1,413$797$435$232$97
46 years$2,322$1,348$749$402$210$86
47 years$2,247$1,287$703$371$191$76
48 years$2,175$1,228$661$343$174$68
49 years$2,106$1,173$621$317$158$60
50 years$2,041$1,120$584$293$143$53

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,090,000, adding $6,909 every year, while hoping to spend $44,148 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: 69/21/10 Blend
50$2,090,000$2,090,000$2,090,000$2,090,000
51$2,310,307$2,199,537$2,167,142$2,464,622
52$2,498,985$2,260,341$2,192,768$2,628,678
53$2,705,428$2,322,645$2,217,773$2,802,087
54$2,931,403$2,386,475$2,242,089$2,990,616
55$3,178,853$2,451,859$2,265,646$3,195,742
56$3,449,919$2,518,823$2,288,367$3,419,091
57$3,746,958$2,587,393$2,310,175$3,662,454
58$4,072,567$2,657,595$2,330,986$3,927,802
59$4,429,607$2,729,454$2,350,711$4,217,305
60$4,821,225$2,802,997$2,369,259$4,533,357
61$5,250,893$2,878,246$2,386,532$4,878,589
62$5,722,431$2,955,227$2,402,428$5,255,902
63$6,240,048$3,033,962$2,416,838$5,668,491
64$6,808,380$3,114,474$2,429,650$6,119,874
65$7,432,536$3,196,784$2,440,744$6,613,929
66$8,118,141$3,280,913$2,449,995$7,154,924
67$8,871,394$3,366,880$2,457,273$7,747,564
68$9,699,123$3,454,704$2,462,438$8,397,031
69$10,608,849$3,544,400$2,465,345$9,109,033
70$11,608,861$3,635,985$2,465,843$9,889,859
71$12,708,288$3,729,471$2,463,772$10,746,438
72$13,917,189$3,824,871$2,458,964$11,686,405
73$15,246,646$3,922,194$2,451,244$12,718,171
74$16,708,871$4,021,448$2,440,427$13,851,002
75$18,317,314$4,122,638$2,426,320$15,095,110
76$20,086,800$4,225,766$2,408,721$16,461,744
77$22,033,658$4,330,834$2,387,418$17,963,302
78$24,175,883$4,437,836$2,362,189$19,613,441
79$26,533,301$4,546,768$2,332,800$21,427,212
80$29,127,757$4,657,619$2,299,008$23,421,198
81$31,983,321$4,770,375$2,260,558$25,613,674
82$35,126,516$4,885,020$2,217,182$28,024,774
83$38,586,565$5,001,530$2,168,602$30,676,687
84$42,395,669$5,119,879$2,114,525$33,593,861
85$46,589,309$5,240,036$2,054,643$36,803,237
86$51,206,584$5,361,962$1,988,639$40,334,504
87$56,290,573$5,485,616$1,916,176$44,220,375
88$61,888,748$5,610,947$1,836,904$48,496,899
89$68,053,417$5,737,901$1,750,457$53,203,803
90$74,842,221$5,866,414$1,656,454$58,384,860
91$82,318,676$5,996,416$1,554,492$64,088,311
92$90,552,768$6,127,828$1,444,155$70,367,312
93$99,621,622$6,260,563$1,325,006$77,280,444
94$109,610,222$6,394,525$1,196,589$84,892,257
95$120,612,216$6,529,608$1,058,426$93,273,889
96$132,730,799$6,665,696$910,019$102,503,730
97$146,079,685$6,802,659$750,850$112,668,164
98$160,784,183$6,940,360$580,374$123,862,388
99$176,982,378$7,078,646$398,025$136,191,306
100$194,826,433$7,217,352$203,210$149,770,524