Can I retire at age 51 with 1,920,000?

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 $1,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$158,552$157,140$155,762$154,417$153,103$149,951
2 years$78,491$77,029$75,612$74,239$72,906$69,745
3 years$51,808$50,339$48,926$47,566$46,255$43,182
4 years$38,468$37,005$35,606$34,268$32,989$30,030
5 years$30,467$29,012$27,632$26,321$25,078$22,240
6 years$25,135$23,691$22,330$21,049$19,843$17,130
7 years$21,327$19,895$18,557$17,306$16,138$13,550
8 years$18,473$17,054$15,738$14,517$13,388$10,924
9 years$16,254$14,849$13,555$12,366$11,275$8,933
10 years$14,480$13,088$11,817$10,659$9,607$7,385
11 years$13,029$11,652$10,404$9,277$8,262$6,158
12 years$11,822$10,458$9,233$8,137$7,160$5,170
13 years$10,800$9,451$8,249$7,184$6,243$4,365
14 years$9,926$8,591$7,412$6,377$5,473$3,702
15 years$9,168$7,848$6,692$5,687$4,819$3,152
16 years$8,506$7,200$6,067$5,092$4,259$2,691
17 years$7,923$6,631$5,521$4,575$3,776$2,304
18 years$7,405$6,127$5,040$4,123$3,358$1,977
19 years$6,942$5,679$4,614$3,726$2,993$1,700
20 years$6,525$5,277$4,234$3,374$2,673$1,464
21 years$6,149$4,915$3,895$3,062$2,392$1,262
22 years$5,808$4,588$3,590$2,784$2,144$1,090
23 years$5,497$4,291$3,314$2,536$1,925$941
24 years$5,212$4,021$3,065$2,313$1,730$814
25 years$4,950$3,773$2,839$2,112$1,557$705
26 years$4,709$3,546$2,633$1,931$1,402$610
27 years$4,486$3,337$2,445$1,768$1,264$529
28 years$4,279$3,145$2,273$1,620$1,141$458
29 years$4,087$2,967$2,115$1,485$1,030$398
30 years$3,908$2,802$1,970$1,363$931$345
31 years$3,741$2,649$1,837$1,252$841$299
32 years$3,585$2,506$1,714$1,151$761$260
33 years$3,438$2,373$1,600$1,058$689$226
34 years$3,301$2,249$1,495$973$624$196
35 years$3,171$2,134$1,398$896$565$170
36 years$3,049$2,025$1,308$825$512$148
37 years$2,934$1,923$1,224$760$464$128
38 years$2,825$1,828$1,146$701$421$112
39 years$2,723$1,738$1,074$646$381$97
40 years$2,625$1,654$1,006$596$346$84
41 years$2,532$1,574$944$550$314$73
42 years$2,444$1,499$885$508$285$64
43 years$2,361$1,428$831$469$258$55
44 years$2,281$1,362$780$433$235$48
45 years$2,205$1,298$732$400$213$42
46 years$2,133$1,239$688$369$193$36
47 years$2,064$1,182$646$341$176$32
48 years$1,998$1,128$607$315$159$27
49 years$1,935$1,078$571$291$145$24
50 years$1,875$1,029$536$269$132$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,920,000, adding $6,324 every year, while hoping to spend $57,073 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: 76/11/13 Blend
50$1,920,000$1,920,000$1,920,000$1,920,000
51$2,122,363$2,020,603$1,990,843$2,277,590
52$2,278,119$2,058,888$1,996,811$2,419,126
53$2,447,849$2,097,135$2,001,066$2,566,430
54$2,632,919$2,135,283$2,003,491$2,726,330
55$2,834,830$2,173,266$2,003,961$2,900,058
56$3,055,237$2,211,010$2,002,348$3,088,975
57$3,295,959$2,248,438$1,998,516$3,294,578
58$3,559,002$2,285,467$1,992,321$3,518,517
59$3,846,572$2,322,006$1,983,615$3,762,609
60$4,161,096$2,357,958$1,972,240$4,028,858
61$4,505,251$2,393,221$1,958,033$4,319,468
62$4,881,980$2,427,683$1,940,821$4,636,872
63$5,294,528$2,461,225$1,920,424$4,983,746
64$5,746,465$2,493,720$1,896,654$5,363,043
65$6,241,724$2,525,032$1,869,311$5,778,014
66$6,784,637$2,555,016$1,838,190$6,232,243
67$7,379,974$2,583,516$1,803,074$6,729,678
68$8,032,990$2,610,366$1,763,735$7,274,671
69$8,749,472$2,635,391$1,719,937$7,872,015
70$9,535,793$2,658,400$1,671,430$8,526,996
71$10,398,977$2,679,195$1,617,956$9,245,436
72$11,346,757$2,697,560$1,559,242$10,033,753
73$12,387,654$2,713,268$1,495,004$10,899,017
74$13,531,053$2,726,077$1,424,945$11,849,022
75$14,787,295$2,735,729$1,348,755$12,892,357
76$16,167,769$2,741,950$1,266,109$14,038,487
77$17,685,026$2,744,449$1,176,668$15,297,842
78$19,352,889$2,742,918$1,080,077$16,681,919
79$21,186,590$2,737,027$975,965$18,203,387
80$23,202,909$2,726,428$863,947$19,876,207
81$25,420,334$2,710,752$743,618$21,715,767
82$27,859,235$2,689,605$614,555$23,739,025
83$30,542,053$2,662,572$476,319$25,964,670
84$33,493,516$2,629,212$328,449$28,413,299
85$36,740,867$2,589,056$170,465$31,107,612
86$40,314,125$2,541,609$1,866$34,072,624
87$44,246,365$2,486,347$0$37,335,907
88$48,574,029$2,422,713$0$40,952,544
89$53,337,273$2,350,119$0$44,933,205
90$58,580,342$2,267,942$0$49,314,614
91$64,351,988$2,175,522$0$54,137,525
92$70,705,930$2,072,161$0$59,446,850
93$77,701,360$1,957,123$0$65,292,077
94$85,403,502$1,829,625$0$71,727,742
95$93,884,225$1,688,843$0$78,813,941
96$103,222,724$1,533,904$0$86,616,900
97$113,506,262$1,363,885$0$95,209,598
98$124,830,998$1,177,812$0$104,672,456
99$137,302,890$974,656$0$115,094,098
100$151,038,698$753,327$0$126,572,186