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%12.4%
1 years$172,590$171,053$169,553$168,089$166,660$164,988
2 years$85,441$83,849$82,307$80,812$79,362$77,678
3 years$56,395$54,797$53,258$51,777$50,350$48,707
4 years$41,874$40,281$38,758$37,302$35,910$34,319
5 years$33,165$31,581$30,078$28,652$27,298$25,765
6 years$27,360$25,788$24,308$22,913$21,600$20,126
7 years$23,215$21,657$20,200$18,838$17,567$16,153
8 years$20,108$18,564$17,131$15,803$14,573$13,220
9 years$17,693$16,163$14,755$13,461$12,273$10,979
10 years$15,762$14,247$12,864$11,603$10,457$9,221
11 years$14,183$12,683$11,325$10,098$8,993$7,816
12 years$12,868$11,384$10,051$8,857$7,794$6,672
13 years$11,757$10,288$8,980$7,820$6,796$5,730
14 years$10,804$9,351$8,068$6,942$5,957$4,945
15 years$9,980$8,543$7,284$6,191$5,245$4,285
16 years$9,259$7,838$6,604$5,543$4,636$3,726
17 years$8,624$7,218$6,010$4,980$4,111$3,250
18 years$8,060$6,670$5,486$4,488$3,655$2,842
19 years$7,556$6,182$5,022$4,056$3,258$2,490
20 years$7,103$5,744$4,609$3,673$2,910$2,186
21 years$6,694$5,351$4,240$3,334$2,604$1,922
22 years$6,322$4,995$3,907$3,031$2,334$1,693
23 years$5,983$4,671$3,608$2,760$2,095$1,492
24 years$5,673$4,377$3,337$2,518$1,883$1,317
25 years$5,388$4,107$3,090$2,299$1,695$1,163
26 years$5,126$3,860$2,866$2,102$1,526$1,029
27 years$4,883$3,633$2,662$1,924$1,376$910
28 years$4,658$3,423$2,474$1,763$1,242$806
29 years$4,449$3,229$2,302$1,617$1,121$714
30 years$4,254$3,050$2,145$1,484$1,013$633
31 years$4,072$2,883$1,999$1,363$916$561
32 years$3,902$2,728$1,865$1,252$829$497
33 years$3,743$2,584$1,742$1,152$750$441
34 years$3,593$2,449$1,627$1,060$679$392
35 years$3,452$2,322$1,522$975$615$348
36 years$3,319$2,204$1,423$898$557$309
37 years$3,194$2,094$1,332$828$505$274
38 years$3,076$1,990$1,248$763$458$244
39 years$2,964$1,892$1,169$703$415$217
40 years$2,857$1,800$1,096$649$377$192
41 years$2,757$1,714$1,027$599$342$171
42 years$2,661$1,632$964$552$310$152
43 years$2,570$1,555$904$510$281$135
44 years$2,483$1,482$849$471$255$120
45 years$2,401$1,413$797$435$232$107
46 years$2,322$1,348$749$402$210$95
47 years$2,247$1,287$703$371$191$84
48 years$2,175$1,228$661$343$174$75
49 years$2,106$1,173$621$317$158$67
50 years$2,041$1,120$584$293$143$59

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 $2,745 every year, while hoping to spend $26,822 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: 37/43/20 Blend
50$2,090,000$2,090,000$2,090,000$2,090,000
51$2,306,011$2,195,241$2,162,846$2,377,336
52$2,512,686$2,274,270$2,206,763$2,508,385
53$2,739,543$2,356,272$2,251,253$2,647,127
54$2,988,612$2,441,364$2,296,305$2,796,438
55$3,262,129$2,529,670$2,341,910$2,957,283
56$3,562,558$2,621,316$2,388,056$3,130,722
57$3,892,614$2,716,435$2,434,731$3,317,919
58$4,255,285$2,815,165$2,481,919$3,520,151
59$4,653,866$2,917,651$2,529,605$3,738,824
60$5,091,986$3,024,041$2,577,772$3,975,482
61$5,573,641$3,134,492$2,626,401$4,231,820
62$6,103,237$3,249,166$2,675,470$4,509,704
63$6,685,626$3,368,234$2,724,956$4,811,185
64$7,326,154$3,491,872$2,774,837$5,138,516
65$8,030,712$3,620,263$2,825,084$5,494,178
66$8,805,789$3,753,601$2,875,669$5,880,896
67$9,658,537$3,892,084$2,926,561$6,301,671
68$10,596,833$4,035,922$2,977,726$6,759,803
69$11,629,359$4,185,331$3,029,128$7,258,920
70$12,765,679$4,340,538$3,080,730$7,803,019
71$14,016,333$4,501,779$3,132,489$8,396,493
72$15,392,933$4,669,301$3,184,362$9,044,180
73$16,908,275$4,843,359$3,236,301$9,751,403
74$18,576,458$5,024,222$3,288,255$10,524,022
75$20,413,016$5,212,169$3,340,172$11,368,485
76$22,435,069$5,407,490$3,391,993$12,291,892
77$24,661,479$5,610,490$3,443,658$13,302,059
78$27,113,031$5,821,486$3,495,101$14,407,590
79$29,812,628$6,040,806$3,546,255$15,617,957
80$32,785,507$6,268,796$3,597,045$16,943,593
81$36,059,477$6,505,816$3,647,394$18,395,981
82$39,665,182$6,752,239$3,697,221$19,987,770
83$43,636,390$7,008,458$3,746,437$21,732,885
84$48,010,310$7,274,881$3,794,951$23,646,664
85$52,827,945$7,551,933$3,842,664$25,745,998
86$58,134,476$7,840,059$3,889,475$28,049,488
87$63,979,694$8,139,722$3,935,273$30,577,621
88$70,418,461$8,451,408$3,979,944$33,352,964
89$77,511,238$8,775,620$4,023,365$36,400,371
90$85,324,646$9,112,887$4,065,409$39,747,216
91$93,932,100$9,463,759$4,105,941$43,423,657
92$103,414,501$9,828,810$4,144,817$47,462,907
93$113,860,998$10,208,640$4,181,887$51,901,558
94$125,369,833$10,603,876$4,216,992$56,779,916
95$138,049,261$11,015,171$4,249,967$62,142,382
96$152,018,580$11,443,209$4,280,635$68,037,869
97$167,409,251$11,888,702$4,308,812$74,520,264
98$184,366,140$12,352,394$4,334,303$81,648,931
99$203,048,888$12,835,063$4,356,904$89,489,269
100$223,633,415$13,337,521$4,376,400$98,113,331