Can I retire at age 51 with 1,840,000?

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 $1,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$151,945$150,592$149,272$147,983$146,724$141,406
2 years$75,221$73,820$72,462$71,146$69,869$64,569
3 years$49,649$48,242$46,888$45,584$44,328$39,213
4 years$36,866$35,463$34,122$32,840$31,615$26,724
5 years$29,198$27,803$26,480$25,225$24,033$19,380
6 years$24,087$22,704$21,400$20,172$19,017$14,604
7 years$20,438$19,066$17,783$16,585$15,466$11,292
8 years$17,703$16,343$15,082$13,913$12,830$8,892
9 years$15,577$14,230$12,990$11,850$10,805$7,097
10 years$13,877$12,543$11,325$10,215$9,206$5,723
11 years$12,487$11,166$9,970$8,890$7,918$4,651
12 years$11,329$10,022$8,848$7,798$6,861$3,803
13 years$10,350$9,057$7,905$6,884$5,983$3,125
14 years$9,512$8,233$7,103$6,111$5,245$2,578
15 years$8,786$7,521$6,413$5,450$4,618$2,134
16 years$8,152$6,900$5,814$4,880$4,081$1,771
17 years$7,593$6,355$5,291$4,385$3,619$1,473
18 years$7,096$5,872$4,830$3,951$3,218$1,227
19 years$6,652$5,442$4,422$3,570$2,868$1,023
20 years$6,254$5,057$4,058$3,234$2,562$855
21 years$5,893$4,711$3,732$2,935$2,292$715
22 years$5,566$4,397$3,440$2,668$2,055$598
23 years$5,268$4,113$3,176$2,430$1,845$501
24 years$4,995$3,853$2,938$2,216$1,658$420
25 years$4,744$3,616$2,721$2,024$1,492$352
26 years$4,513$3,398$2,523$1,851$1,344$295
27 years$4,299$3,198$2,343$1,694$1,212$247
28 years$4,101$3,014$2,178$1,552$1,093$208
29 years$3,917$2,843$2,027$1,423$987$174
30 years$3,745$2,685$1,888$1,306$892$146
31 years$3,585$2,538$1,760$1,200$806$123
32 years$3,436$2,402$1,642$1,103$729$103
33 years$3,295$2,274$1,533$1,014$660$87
34 years$3,163$2,156$1,433$933$598$73
35 years$3,039$2,045$1,340$859$541$61
36 years$2,922$1,941$1,253$791$491$51
37 years$2,812$1,843$1,173$729$445$43
38 years$2,708$1,752$1,098$672$403$36
39 years$2,609$1,666$1,029$619$365$30
40 years$2,516$1,585$965$571$332$26
41 years$2,427$1,509$904$527$301$21
42 years$2,343$1,437$848$486$273$18
43 years$2,262$1,369$796$449$248$15
44 years$2,186$1,305$747$415$225$13
45 years$2,114$1,244$702$383$204$11
46 years$2,044$1,187$659$354$185$9
47 years$1,978$1,133$619$327$168$8
48 years$1,915$1,081$582$302$153$6
49 years$1,854$1,033$547$279$139$5
50 years$1,796$986$514$258$126$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,840,000, adding $6,849 every year, while hoping to spend $36,919 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: 50/39/11 Blend
50$1,840,000$1,840,000$1,840,000$1,840,000
51$2,034,745$1,937,225$1,908,705$2,130,152
52$2,203,007$1,992,867$1,933,365$2,251,852
53$2,387,195$2,049,999$1,957,614$2,379,561
54$2,588,894$2,108,654$1,981,398$2,517,491
55$2,809,849$2,168,866$2,004,664$2,666,613
56$3,051,984$2,230,670$2,027,350$2,827,994
57$3,317,416$2,294,103$2,049,396$3,002,807
58$3,608,476$2,359,198$2,070,735$3,192,345
59$3,927,735$2,425,993$2,091,298$3,398,031
60$4,278,021$2,494,523$2,111,014$3,621,429
61$4,662,450$2,564,826$2,129,803$3,864,264
62$5,084,454$2,636,937$2,147,587$4,128,433
63$5,547,817$2,710,895$2,164,279$4,416,024
64$6,056,701$2,786,736$2,179,789$4,729,339
65$6,615,697$2,864,498$2,194,024$5,070,910
66$7,229,858$2,944,219$2,206,884$5,443,526
67$7,904,754$3,025,935$2,218,265$5,850,259
68$8,646,518$3,109,686$2,228,057$6,294,493
69$9,461,910$3,195,508$2,236,144$6,779,954
70$10,358,376$3,283,439$2,242,406$7,310,747
71$11,344,119$3,373,516$2,246,715$7,891,392
72$12,428,177$3,465,776$2,248,938$8,526,870
73$13,620,508$3,560,256$2,248,934$9,222,666
74$14,932,084$3,656,992$2,246,557$9,984,825
75$16,374,992$3,756,021$2,241,653$10,820,004
76$17,962,552$3,857,376$2,234,059$11,735,538
77$19,709,438$3,961,094$2,223,605$12,739,508
78$21,631,820$4,067,206$2,210,115$13,840,817
79$23,747,513$4,175,747$2,193,402$15,049,274
80$26,076,149$4,286,748$2,173,270$16,375,685
81$28,639,356$4,400,239$2,149,515$17,831,960
82$31,460,969$4,516,249$2,121,922$19,431,217
83$34,567,249$4,634,806$2,090,267$21,187,913
84$37,987,133$4,755,937$2,054,316$23,117,977
85$41,752,507$4,879,664$2,013,823$25,238,959
86$45,898,506$5,006,011$1,968,529$27,570,199
87$50,463,846$5,134,997$1,918,166$30,133,007
88$55,491,186$5,266,640$1,862,453$32,950,865
89$61,027,535$5,400,954$1,801,093$36,049,646
90$67,124,694$5,537,951$1,733,780$39,457,862
91$73,839,743$5,677,640$1,660,192$43,206,933
92$81,235,578$5,820,026$1,579,990$47,331,478
93$89,381,511$5,965,111$1,492,823$51,869,649
94$98,353,915$6,112,892$1,398,323$56,863,485
95$108,236,953$6,263,363$1,296,106$62,359,313
96$119,123,366$6,416,510$1,185,768$68,408,184
97$131,115,349$6,572,319$1,066,891$75,066,352
98$144,325,518$6,730,767$939,036$82,395,811
99$158,877,972$6,891,825$801,744$90,464,876
100$174,909,460$7,055,459$654,538$99,348,827