Can I retire at age 51 with 1,890,000?

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 $1,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$156,074$154,684$153,328$152,004$150,711$149,950
2 years$77,265$75,826$74,431$73,079$71,767$70,999
3 years$50,998$49,553$48,162$46,822$45,532$44,781
4 years$37,867$36,427$35,049$33,733$32,474$31,745
5 years$29,991$28,559$27,200$25,910$24,686$23,982
6 years$24,742$23,320$21,981$20,720$19,533$18,855
7 years$20,994$19,585$18,267$17,035$15,886$15,233
8 years$18,184$16,788$15,492$14,291$13,179$12,552
9 years$16,000$14,617$13,343$12,172$11,098$10,498
10 years$14,254$12,884$11,633$10,493$9,456$8,881
11 years$12,826$11,470$10,241$9,132$8,133$7,583
12 years$11,637$10,295$9,089$8,010$7,048$6,522
13 years$10,632$9,303$8,120$7,071$6,146$5,645
14 years$9,771$8,456$7,296$6,277$5,387$4,910
15 years$9,025$7,725$6,587$5,598$4,743$4,289
16 years$8,373$7,088$5,972$5,013$4,192$3,760
17 years$7,799$6,527$5,435$4,504$3,717$3,307
18 years$7,289$6,032$4,961$4,059$3,305$2,916
19 years$6,833$5,590$4,542$3,667$2,946$2,577
20 years$6,424$5,195$4,168$3,322$2,631$2,283
21 years$6,053$4,839$3,834$3,015$2,355$2,025
22 years$5,717$4,517$3,534$2,741$2,111$1,799
23 years$5,411$4,224$3,263$2,496$1,895$1,601
24 years$5,130$3,958$3,017$2,277$1,703$1,426
25 years$4,873$3,714$2,795$2,079$1,532$1,271
26 years$4,635$3,491$2,592$1,901$1,380$1,135
27 years$4,416$3,285$2,407$1,740$1,245$1,013
28 years$4,212$3,096$2,237$1,594$1,123$906
29 years$4,023$2,920$2,082$1,462$1,014$810
30 years$3,847$2,758$1,939$1,342$916$725
31 years$3,683$2,607$1,808$1,232$828$649
32 years$3,529$2,467$1,687$1,133$749$582
33 years$3,385$2,336$1,575$1,041$678$521
34 years$3,249$2,214$1,472$958$614$467
35 years$3,122$2,100$1,376$882$556$419
36 years$3,002$1,993$1,287$812$504$376
37 years$2,888$1,893$1,205$749$457$337
38 years$2,781$1,799$1,128$690$414$303
39 years$2,680$1,711$1,057$636$375$272
40 years$2,584$1,628$991$587$341$244
41 years$2,493$1,550$929$541$309$219
42 years$2,406$1,476$871$500$280$197
43 years$2,324$1,406$818$461$254$177
44 years$2,246$1,340$768$426$231$159
45 years$2,171$1,278$721$393$210$143
46 years$2,100$1,219$677$363$190$128
47 years$2,032$1,164$636$336$173$115
48 years$1,967$1,111$598$310$157$103
49 years$1,905$1,061$562$287$143$93
50 years$1,845$1,013$528$265$129$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,890,000, adding $3,048 every year, while hoping to spend $59,325 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: 69/11/20 Blend
50$1,890,000$1,890,000$1,890,000$1,890,000
51$2,085,924$1,985,754$1,956,459$2,219,372
52$2,235,567$2,019,935$1,958,879$2,343,067
53$2,398,485$2,053,802$1,959,392$2,471,124
54$2,575,970$2,087,277$1,957,871$2,609,798
55$2,769,443$2,120,278$1,954,183$2,760,131
56$2,980,467$2,152,713$1,948,190$2,923,273
57$3,210,766$2,184,487$1,939,745$3,100,494
58$3,462,233$2,215,495$1,928,695$3,293,190
59$3,736,954$2,245,629$1,914,881$3,502,902
60$4,037,227$2,274,768$1,898,133$3,731,328
61$4,365,580$2,302,787$1,878,275$3,980,339
62$4,724,795$2,329,550$1,855,124$4,251,999
63$5,117,940$2,354,913$1,828,486$4,548,583
64$5,548,388$2,378,723$1,798,159$4,872,597
65$6,019,858$2,400,814$1,763,931$5,226,805
66$6,536,442$2,421,012$1,725,581$5,614,254
67$7,102,647$2,439,130$1,682,877$6,038,302
68$7,723,440$2,454,970$1,635,576$6,502,652
69$8,404,288$2,468,320$1,583,424$7,011,385
70$9,151,213$2,478,956$1,526,157$7,569,000
71$9,970,850$2,486,638$1,463,497$8,180,457
72$10,870,506$2,491,113$1,395,153$8,851,222
73$11,858,229$2,492,109$1,320,822$9,587,323
74$12,942,887$2,489,340$1,240,188$10,395,403
75$14,134,246$2,482,503$1,152,919$11,282,785
76$15,443,065$2,471,272$1,058,668$12,257,543
77$16,881,199$2,455,305$957,075$13,328,574
78$18,461,705$2,434,239$847,761$14,505,690
79$20,198,970$2,407,687$730,331$15,799,702
80$22,108,841$2,375,241$604,374$17,222,529
81$24,208,782$2,336,466$469,459$18,787,312
82$26,518,028$2,290,904$325,137$20,508,531
83$29,057,777$2,238,068$170,938$22,402,151
84$31,851,379$2,177,442$6,374$24,485,768
85$34,924,564$2,108,481$0$26,778,778
86$38,305,682$2,030,609$0$29,338,677
87$42,025,965$1,943,213$0$32,156,713
88$46,119,831$1,845,647$0$35,257,617
89$50,625,198$1,737,228$0$38,670,143
90$55,583,849$1,617,233$0$42,425,977
91$61,041,821$1,484,897$0$46,560,037
92$67,049,841$1,339,411$0$51,110,800
93$73,663,804$1,179,922$0$56,120,668
94$80,945,300$1,005,526$0$61,636,368
95$88,962,195$815,271$0$67,709,391
96$97,789,267$608,148$0$74,396,484
97$107,508,918$383,093$0$81,760,176
98$118,211,946$138,982$0$89,869,379
99$129,998,402$0$0$98,800,032
100$142,978,534$0$0$108,650,995