Can I retire at age 51 with 1,820,000?

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 $1,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$150,294$148,955$147,649$146,374$145,129$141,391
2 years$74,403$73,017$71,674$70,372$69,109$65,368
3 years$49,109$47,718$46,378$45,088$43,846$40,219
4 years$36,465$35,077$33,751$32,483$31,271$27,786
5 years$28,880$27,501$26,192$24,950$23,772$20,438
6 years$23,825$22,457$21,167$19,953$18,810$15,631
7 years$20,216$18,859$17,590$16,405$15,297$12,273
8 years$17,511$16,166$14,918$13,761$12,691$9,820
9 years$15,407$14,075$12,849$11,722$10,687$7,968
10 years$13,726$12,407$11,202$10,104$9,106$6,535
11 years$12,351$11,045$9,862$8,794$7,832$5,404
12 years$11,206$9,913$8,752$7,713$6,787$4,499
13 years$10,238$8,959$7,820$6,810$5,918$3,765
14 years$9,409$8,143$7,026$6,045$5,188$3,165
15 years$8,691$7,439$6,343$5,391$4,568$2,670
16 years$8,063$6,825$5,751$4,827$4,037$2,259
17 years$7,510$6,286$5,233$4,337$3,579$1,916
18 years$7,019$5,808$4,777$3,908$3,183$1,629
19 years$6,580$5,383$4,373$3,532$2,837$1,387
20 years$6,186$5,002$4,014$3,199$2,534$1,182
21 years$5,829$4,659$3,692$2,903$2,268$1,009
22 years$5,505$4,349$3,403$2,639$2,033$863
23 years$5,210$4,068$3,142$2,404$1,825$738
24 years$4,940$3,811$2,906$2,192$1,640$632
25 years$4,692$3,577$2,691$2,002$1,476$541
26 years$4,464$3,362$2,496$1,831$1,329$464
27 years$4,252$3,164$2,318$1,676$1,198$398
28 years$4,056$2,981$2,155$1,535$1,081$341
29 years$3,874$2,812$2,005$1,408$976$293
30 years$3,705$2,656$1,868$1,292$882$251
31 years$3,546$2,511$1,741$1,187$798$216
32 years$3,398$2,376$1,624$1,091$722$185
33 years$3,259$2,250$1,517$1,003$653$159
34 years$3,129$2,132$1,417$923$591$137
35 years$3,006$2,022$1,325$849$535$117
36 years$2,891$1,920$1,239$782$485$101
37 years$2,781$1,823$1,160$721$440$87
38 years$2,678$1,733$1,086$664$399$74
39 years$2,581$1,648$1,018$613$362$64
40 years$2,488$1,568$954$565$328$55
41 years$2,400$1,492$895$521$297$47
42 years$2,317$1,421$839$481$270$41
43 years$2,238$1,354$787$444$245$35
44 years$2,162$1,291$739$410$222$30
45 years$2,091$1,231$694$379$202$26
46 years$2,022$1,174$652$350$183$22
47 years$1,957$1,120$612$323$166$19
48 years$1,894$1,070$575$299$151$16
49 years$1,834$1,021$541$276$137$14
50 years$1,777$976$509$255$125$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,820,000, adding $6,799 every year, while hoping to spend $31,377 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: 72/12/16 Blend
50$1,820,000$1,820,000$1,820,000$1,820,000
51$2,012,653$1,916,193$1,887,983$2,149,733
52$2,184,559$1,976,702$1,917,846$2,302,106
53$2,372,947$2,039,124$1,947,657$2,464,457
54$2,579,467$2,103,519$1,977,382$2,641,431
55$2,805,932$2,169,952$2,006,984$2,834,470
56$3,054,343$2,238,485$2,036,424$3,045,162
57$3,326,901$2,309,186$2,065,659$3,275,255
58$3,626,032$2,382,123$2,094,646$3,526,676
59$3,954,408$2,457,368$2,123,337$3,801,546
60$4,314,971$2,534,992$2,151,683$4,102,201
61$4,710,964$2,615,073$2,179,630$4,431,214
62$5,145,958$2,697,687$2,207,124$4,791,419
63$5,623,888$2,782,916$2,234,104$5,185,939
64$6,149,087$2,870,841$2,260,509$5,618,213
65$6,726,331$2,961,549$2,286,273$6,092,029
66$7,360,880$3,055,128$2,311,326$6,611,561
67$8,058,529$3,151,669$2,335,595$7,181,407
68$8,825,664$3,251,266$2,359,003$7,806,632
69$9,669,319$3,354,016$2,381,467$8,492,817
70$10,597,246$3,460,019$2,402,902$9,246,110
71$11,617,983$3,569,378$2,423,218$10,073,285
72$12,740,940$3,682,200$2,442,318$10,981,805
73$13,976,483$3,798,594$2,460,102$11,979,893
74$15,336,034$3,918,676$2,476,466$13,076,607
75$16,832,179$4,042,560$2,491,297$14,281,932
76$18,478,785$4,170,369$2,504,479$15,606,864
77$20,291,130$4,302,226$2,515,888$17,063,524
78$22,286,052$4,438,262$2,525,397$18,665,265
79$24,482,100$4,578,607$2,532,868$20,426,799
80$26,899,715$4,723,400$2,538,160$22,364,339
81$29,561,421$4,872,782$2,541,124$24,495,749
82$32,492,036$5,026,898$2,541,601$26,840,714
83$35,718,907$5,185,900$2,539,429$29,420,925
84$39,272,169$5,349,942$2,534,433$32,260,281
85$43,185,026$5,519,185$2,526,432$35,385,120
86$47,494,068$5,693,795$2,515,237$38,824,463
87$52,239,614$5,873,941$2,500,648$42,610,289
88$57,466,091$6,059,802$2,482,457$46,777,837
89$63,222,458$6,251,557$2,460,445$51,365,938
90$69,562,661$6,449,396$2,434,382$56,417,384
91$76,546,147$6,653,511$2,404,028$61,979,325
92$84,238,424$6,864,103$2,369,133$68,103,723
93$92,711,677$7,081,378$2,329,433$74,847,835
94$102,045,452$7,305,548$2,284,652$82,274,756
95$112,327,402$7,536,835$2,234,503$90,454,016
96$123,654,121$7,775,464$2,178,682$99,462,234
97$136,132,049$8,021,669$2,116,876$109,383,841
98$149,878,480$8,275,692$2,048,753$120,311,881
99$165,022,667$8,537,783$1,973,968$132,348,881
100$181,707,043$8,808,199$1,892,160$145,607,827