Can I retire at age 51 with 1,930,000?

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 $1,930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$159,378$157,958$156,573$155,221$153,901$148,618
2 years$78,900$77,430$76,006$74,625$73,286$68,017
3 years$52,077$50,602$49,181$47,813$46,496$41,407
4 years$38,669$37,198$35,791$34,447$33,161$28,291
5 years$30,626$29,163$27,775$26,458$25,209$20,570
6 years$25,265$23,814$22,447$21,159$19,947$15,543
7 years$21,438$19,999$18,653$17,396$16,222$12,053
8 years$18,569$17,143$15,819$14,593$13,458$9,520
9 years$16,339$14,926$13,625$12,430$11,333$7,621
10 years$14,555$13,156$11,879$10,715$9,657$6,165
11 years$13,097$11,712$10,458$9,325$8,305$5,026
12 years$11,883$10,512$9,281$8,179$7,197$4,124
13 years$10,857$9,500$8,292$7,221$6,276$3,401
14 years$9,977$8,635$7,451$6,410$5,501$2,815
15 years$9,216$7,889$6,727$5,717$4,844$2,338
16 years$8,551$7,238$6,099$5,119$4,281$1,947
17 years$7,964$6,666$5,550$4,599$3,796$1,625
18 years$7,443$6,159$5,066$4,145$3,375$1,359
19 years$6,978$5,708$4,638$3,745$3,008$1,138
20 years$6,559$5,305$4,256$3,392$2,687$954
21 years$6,181$4,941$3,915$3,078$2,405$801
22 years$5,838$4,612$3,608$2,799$2,155$673
23 years$5,525$4,314$3,332$2,549$1,935$566
24 years$5,239$4,042$3,081$2,325$1,739$476
25 years$4,976$3,793$2,854$2,123$1,565$400
26 years$4,733$3,565$2,647$1,941$1,410$337
27 years$4,509$3,355$2,458$1,777$1,271$284
28 years$4,302$3,161$2,285$1,628$1,147$239
29 years$4,108$2,982$2,126$1,493$1,035$202
30 years$3,929$2,816$1,980$1,370$936$170
31 years$3,761$2,662$1,846$1,258$846$143
32 years$3,604$2,519$1,723$1,157$765$121
33 years$3,456$2,386$1,608$1,064$692$102
34 years$3,318$2,261$1,503$979$627$86
35 years$3,188$2,145$1,405$901$568$72
36 years$3,065$2,036$1,314$830$515$61
37 years$2,950$1,933$1,230$764$466$52
38 years$2,840$1,837$1,152$705$423$44
39 years$2,737$1,747$1,079$650$383$37
40 years$2,639$1,662$1,012$599$348$31
41 years$2,546$1,582$949$553$315$26
42 years$2,457$1,507$890$510$286$22
43 years$2,373$1,436$835$471$260$19
44 years$2,293$1,369$784$435$236$16
45 years$2,217$1,305$736$402$214$13
46 years$2,144$1,245$691$371$194$11
47 years$2,075$1,188$649$343$176$9
48 years$2,008$1,134$610$317$160$8
49 years$1,945$1,083$574$293$146$7
50 years$1,884$1,035$539$271$132$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,930,000, adding $3,267 every year, while hoping to spend $52,611 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: 48/30/22 Blend
50$1,930,000$1,930,000$1,930,000$1,930,000
51$2,130,230$2,027,940$1,998,025$2,219,051
52$2,291,536$2,071,331$2,008,981$2,324,737
53$2,467,531$2,115,086$2,018,541$2,433,900
54$2,659,660$2,159,165$2,026,602$2,551,362
55$2,869,509$2,203,528$2,033,057$2,677,926
56$3,098,828$2,248,130$2,037,794$2,814,477
57$3,349,541$2,292,921$2,040,692$2,961,990
58$3,623,767$2,337,847$2,041,629$3,121,543
59$3,923,841$2,382,851$2,040,473$3,294,321
60$4,252,332$2,427,870$2,037,088$3,481,633
61$4,612,069$2,472,834$2,031,329$3,684,920
62$5,006,167$2,517,671$2,023,047$3,905,775
63$5,438,060$2,562,300$2,012,082$4,145,952
64$5,911,525$2,606,636$1,998,270$4,407,384
65$6,430,726$2,650,586$1,981,437$4,692,206
66$7,000,246$2,694,051$1,961,401$5,002,770
67$7,625,135$2,736,924$1,937,972$5,341,669
68$8,310,955$2,779,089$1,910,950$5,711,765
69$9,063,832$2,820,424$1,880,127$6,116,213
70$9,890,515$2,860,797$1,845,284$6,558,491
71$10,798,439$2,900,067$1,806,191$7,042,435
72$11,795,792$2,938,083$1,762,611$7,572,275
73$12,891,596$2,974,682$1,714,292$8,152,676
74$14,095,790$3,009,693$1,660,972$8,788,781
75$15,419,324$3,042,931$1,602,378$9,486,263
76$16,874,259$3,074,199$1,538,222$10,251,374
77$18,473,886$3,103,287$1,468,205$11,091,010
78$20,232,846$3,129,972$1,392,013$12,012,776
79$22,167,271$3,154,015$1,309,320$13,025,054
80$24,294,933$3,175,163$1,219,783$14,137,089
81$26,635,415$3,193,145$1,123,045$15,359,072
82$29,210,291$3,207,673$1,018,731$16,702,241
83$32,043,334$3,218,442$906,451$18,178,985
84$35,160,736$3,225,127$785,799$19,802,964
85$38,591,355$3,227,383$656,347$21,589,239
86$42,366,991$3,224,842$517,653$23,554,413
87$46,522,680$3,217,115$369,250$25,716,792
88$51,097,028$3,203,788$210,655$28,096,556
89$56,132,575$3,184,424$41,361$30,715,955
90$61,676,192$3,158,555$0$33,599,516
91$67,779,528$3,125,688$0$36,806,978
92$74,499,493$3,085,301$0$40,347,937
93$81,898,799$3,036,838$0$44,245,670
94$90,046,545$2,979,712$0$48,536,540
95$99,018,874$2,913,299$0$53,260,630
96$108,899,690$2,836,941$0$58,462,110
97$119,781,447$2,749,940$0$64,189,666
98$131,766,024$2,651,556$0$70,496,953
99$144,965,684$2,541,008$0$77,443,107
100$159,504,134$2,417,468$0$85,093,304