Can I retire at age 51 with 1,970,000?

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 $1,970,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$162,681$161,232$159,818$158,438$157,091$152,490
2 years$80,535$79,035$77,582$76,172$74,805$70,207
3 years$53,157$51,650$50,200$48,804$47,459$43,008
4 years$39,470$37,968$36,533$35,161$33,848$29,579
5 years$31,260$29,768$28,351$27,007$25,731$21,654
6 years$25,789$24,308$22,912$21,598$20,360$16,479
7 years$21,883$20,413$19,040$17,757$16,558$12,874
8 years$18,954$17,498$16,147$14,896$13,737$10,246
9 years$16,677$15,235$13,908$12,688$11,568$8,269
10 years$14,857$13,429$12,125$10,937$9,857$6,743
11 years$13,369$11,955$10,675$9,518$8,477$5,544
12 years$12,129$10,730$9,474$8,349$7,346$4,588
13 years$11,082$9,697$8,464$7,371$6,406$3,817
14 years$10,184$8,814$7,605$6,543$5,615$3,189
15 years$9,407$8,052$6,866$5,835$4,944$2,673
16 years$8,728$7,388$6,225$5,225$4,370$2,247
17 years$8,129$6,804$5,665$4,694$3,875$1,894
18 years$7,598$6,287$5,171$4,231$3,445$1,599
19 years$7,122$5,827$4,734$3,823$3,071$1,352
20 years$6,695$5,414$4,345$3,462$2,743$1,145
21 years$6,310$5,043$3,996$3,142$2,454$971
22 years$5,959$4,708$3,683$2,857$2,200$824
23 years$5,640$4,403$3,401$2,602$1,975$700
24 years$5,347$4,125$3,145$2,373$1,775$595
25 years$5,079$3,871$2,913$2,167$1,597$506
26 years$4,831$3,639$2,702$1,982$1,439$430
27 years$4,603$3,424$2,509$1,814$1,297$366
28 years$4,391$3,227$2,332$1,662$1,170$312
29 years$4,194$3,044$2,170$1,524$1,057$266
30 years$4,010$2,875$2,022$1,399$955$226
31 years$3,839$2,718$1,885$1,285$863$193
32 years$3,678$2,571$1,758$1,180$781$164
33 years$3,528$2,435$1,642$1,086$707$140
34 years$3,387$2,308$1,534$999$640$119
35 years$3,254$2,189$1,434$919$580$102
36 years$3,129$2,078$1,342$847$525$87
37 years$3,011$1,973$1,256$780$476$74
38 years$2,899$1,875$1,176$719$432$63
39 years$2,793$1,783$1,102$663$391$54
40 years$2,693$1,697$1,033$612$355$46
41 years$2,598$1,615$968$564$322$39
42 years$2,508$1,538$908$521$292$33
43 years$2,422$1,466$852$481$265$29
44 years$2,341$1,397$800$444$241$24
45 years$2,263$1,332$751$410$219$21
46 years$2,189$1,271$706$379$198$18
47 years$2,118$1,213$663$350$180$15
48 years$2,050$1,158$623$323$164$13
49 years$1,985$1,106$586$299$149$11
50 years$1,923$1,056$550$276$135$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,970,000, adding $6,400 every year, while hoping to spend $34,600 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: 71/18/11 Blend
50$1,970,000$1,970,000$1,970,000$1,970,000
51$2,177,542$2,073,132$2,042,597$2,326,853
52$2,362,837$2,137,901$2,074,209$2,491,342
53$2,565,872$2,204,684$2,105,722$2,666,492
54$2,788,421$2,273,544$2,137,093$2,857,289
55$3,032,436$2,344,544$2,168,282$3,065,268
56$3,300,068$2,417,750$2,199,243$3,292,119
57$3,593,686$2,493,230$2,229,928$3,539,704
58$3,915,899$2,571,055$2,260,288$3,810,071
59$4,269,580$2,651,296$2,290,267$4,105,476
60$4,657,896$2,734,029$2,319,810$4,428,405
61$5,084,334$2,819,329$2,348,856$4,781,593
62$5,552,736$2,907,276$2,377,342$5,168,055
63$6,067,333$2,997,950$2,405,202$5,591,109
64$6,632,788$3,091,437$2,432,363$6,054,411
65$7,254,237$3,187,822$2,458,752$6,561,987
66$7,937,339$3,287,195$2,484,289$7,118,273
67$8,688,326$3,389,646$2,508,892$7,728,155
68$9,514,068$3,495,271$2,532,472$8,397,014
69$10,422,131$3,604,168$2,554,938$9,130,778
70$11,420,851$3,716,435$2,576,191$9,935,978
71$12,519,414$3,832,176$2,596,130$10,819,809
72$13,727,940$3,951,499$2,614,646$11,790,197
73$15,057,580$4,074,512$2,631,627$12,855,874
74$16,520,619$4,201,329$2,646,952$14,026,461
75$18,130,593$4,332,065$2,660,496$15,312,558
76$19,902,418$4,466,841$2,672,127$16,725,841
77$21,852,528$4,605,779$2,681,707$18,279,177
78$23,999,031$4,749,008$2,689,089$19,986,741
79$26,361,881$4,896,657$2,694,122$21,864,154
80$28,963,061$5,048,863$2,696,644$23,928,623
81$31,826,799$5,205,762$2,696,487$26,199,112
82$34,979,787$5,367,500$2,693,474$28,696,512
83$38,451,440$5,534,222$2,687,420$31,443,844
84$42,274,169$5,706,080$2,678,130$34,466,475
85$46,483,687$5,883,231$2,665,400$37,792,354
86$51,119,349$6,065,835$2,649,017$41,452,280
87$56,224,520$6,254,058$2,628,757$45,480,187
88$61,846,984$6,448,071$2,604,384$49,913,470
89$68,039,399$6,648,048$2,575,652$54,793,333
90$74,859,786$6,854,171$2,542,305$60,165,180
91$82,372,084$7,066,625$2,504,072$66,079,042
92$90,646,750$7,285,603$2,460,672$72,590,049
93$99,761,422$7,511,301$2,411,808$79,758,952
94$109,801,655$7,743,923$2,357,171$87,652,695
95$120,861,725$7,983,676$2,296,438$96,345,043
96$133,045,522$8,230,778$2,229,270$105,917,285
97$146,467,527$8,485,448$2,155,312$116,458,995
98$161,253,895$8,747,915$2,074,195$128,068,879
99$177,543,642$9,018,413$1,985,531$140,855,709
100$195,489,962$9,297,183$1,888,915$154,939,346