Can I retire at age 51 with 1,980,000?

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 $1,980,000?

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$163,507$162,050$160,629$159,242$157,888$152,165
2 years$80,944$79,436$77,975$76,559$75,185$69,482
3 years$53,427$51,913$50,455$49,052$47,700$42,197
4 years$39,671$38,161$36,718$35,339$34,020$28,758
5 years$31,419$29,919$28,495$27,144$25,862$20,854
6 years$25,920$24,431$23,028$21,707$20,463$15,715
7 years$21,994$20,517$19,137$17,847$16,642$12,151
8 years$19,050$17,587$16,229$14,971$13,806$9,569
9 years$16,762$15,313$13,978$12,752$11,627$7,637
10 years$14,932$13,497$12,187$10,992$9,907$6,158
11 years$13,437$12,016$10,729$9,567$8,520$5,005
12 years$12,191$10,785$9,522$8,391$7,383$4,093
13 years$11,138$9,746$8,507$7,408$6,438$3,363
14 years$10,236$8,859$7,644$6,576$5,644$2,775
15 years$9,455$8,093$6,901$5,865$4,969$2,296
16 years$8,772$7,425$6,257$5,251$4,392$1,906
17 years$8,170$6,838$5,693$4,718$3,894$1,585
18 years$7,636$6,319$5,197$4,252$3,463$1,320
19 years$7,159$5,856$4,758$3,842$3,086$1,101
20 years$6,729$5,442$4,367$3,480$2,757$920
21 years$6,342$5,069$4,016$3,158$2,467$769
22 years$5,989$4,732$3,702$2,871$2,211$644
23 years$5,668$4,425$3,418$2,615$1,985$539
24 years$5,375$4,146$3,161$2,385$1,784$452
25 years$5,105$3,891$2,928$2,178$1,605$378
26 years$4,856$3,657$2,715$1,992$1,446$317
27 years$4,626$3,442$2,521$1,823$1,304$266
28 years$4,413$3,243$2,344$1,670$1,176$223
29 years$4,215$3,059$2,181$1,532$1,062$188
30 years$4,030$2,889$2,032$1,406$960$157
31 years$3,858$2,731$1,894$1,291$868$132
32 years$3,697$2,584$1,767$1,186$785$111
33 years$3,546$2,448$1,650$1,091$710$93
34 years$3,404$2,320$1,542$1,004$643$78
35 years$3,270$2,200$1,441$924$583$66
36 years$3,145$2,088$1,348$851$528$55
37 years$3,026$1,983$1,262$784$478$46
38 years$2,914$1,885$1,182$723$434$39
39 years$2,808$1,792$1,107$666$393$33
40 years$2,707$1,705$1,038$615$357$28
41 years$2,612$1,623$973$567$324$23
42 years$2,521$1,546$913$523$294$19
43 years$2,435$1,473$857$483$267$16
44 years$2,353$1,404$804$446$242$14
45 years$2,274$1,339$755$412$220$12
46 years$2,200$1,277$709$381$199$10
47 years$2,129$1,219$666$352$181$8
48 years$2,060$1,164$626$325$164$7
49 years$1,995$1,111$588$300$149$6
50 years$1,933$1,061$553$278$136$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,980,000, adding $3,509 every year, while hoping to spend $42,278 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: 53/38/9 Blend
50$1,980,000$1,980,000$1,980,000$1,980,000
51$2,185,580$2,080,640$2,049,950$2,296,296
52$2,363,525$2,137,607$2,073,639$2,428,818
53$2,558,204$2,195,950$2,096,706$2,568,032
54$2,771,279$2,255,689$2,119,083$2,718,486
55$3,004,580$2,316,848$2,140,703$2,881,251
56$3,260,122$2,379,449$2,161,492$3,057,509
57$3,540,126$2,443,513$2,181,373$3,248,555
58$3,847,035$2,509,061$2,200,265$3,455,820
59$4,183,542$2,576,115$2,218,083$3,680,876
60$4,552,612$2,644,694$2,234,738$3,925,455
61$4,957,512$2,714,817$2,250,135$4,191,462
62$5,401,838$2,786,502$2,264,174$4,480,998
63$5,889,553$2,859,769$2,276,752$4,796,375
64$6,425,021$2,934,632$2,287,757$5,140,137
65$7,013,052$3,011,107$2,297,076$5,515,089
66$7,658,942$3,089,210$2,304,586$5,924,320
67$8,368,524$3,168,952$2,310,160$6,371,229
68$9,148,228$3,250,344$2,313,665$6,859,565
69$10,005,134$3,333,398$2,314,959$7,393,453
70$10,947,044$3,418,121$2,313,897$7,977,440
71$11,982,552$3,504,519$2,310,322$8,616,533
72$13,121,128$3,592,595$2,304,073$9,316,251
73$14,373,204$3,682,353$2,294,981$10,082,672
74$15,750,273$3,773,792$2,282,865$10,922,491
75$17,265,001$3,866,907$2,267,541$11,843,087
76$18,931,338$3,961,693$2,248,811$12,852,588
77$20,764,660$4,058,141$2,226,471$13,959,952
78$22,781,903$4,156,238$2,200,306$15,175,046
79$25,001,732$4,255,968$2,170,091$16,508,743
80$27,444,710$4,357,311$2,135,590$17,973,025
81$30,133,494$4,460,244$2,096,556$19,581,092
82$33,093,051$4,564,736$2,052,732$21,347,491
83$36,350,891$4,670,757$2,003,846$23,288,252
84$39,937,323$4,778,266$1,949,617$25,421,035
85$43,885,750$4,887,220$1,889,748$27,765,305
86$48,232,972$4,997,570$1,823,931$30,342,508
87$53,019,544$5,109,259$1,751,841$33,176,277
88$58,290,151$5,222,226$1,673,141$36,292,656
89$64,094,031$5,336,401$1,587,477$39,720,342
90$70,485,444$5,451,706$1,494,479$43,490,961
91$77,524,176$5,568,056$1,393,761$47,639,363
92$85,276,109$5,685,358$1,284,919$52,203,952
93$93,813,840$5,803,508$1,167,531$57,227,048
94$103,217,366$5,922,395$1,041,158$62,755,290
95$113,574,839$6,041,893$905,338$68,840,071
96$124,983,397$6,161,871$759,591$75,538,029
97$137,550,081$6,282,180$603,416$82,911,578
98$151,392,847$6,402,664$436,287$91,029,498
99$166,641,673$6,523,150$257,658$99,967,587
100$183,439,792$6,643,453$66,958$109,809,375