Can I retire at age 51 with 2,010,000?

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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$165,984$164,505$163,063$161,655$160,280$154,164
2 years$82,170$80,640$79,157$77,719$76,324$70,234
3 years$54,236$52,699$51,220$49,795$48,423$42,551
4 years$40,272$38,739$37,275$35,875$34,536$28,927
5 years$31,895$30,372$28,927$27,555$26,253$20,921
6 years$26,313$24,801$23,377$22,036$20,773$15,722
7 years$22,327$20,828$19,427$18,117$16,894$12,122
8 years$19,339$17,853$16,475$15,198$14,016$9,518
9 years$17,016$15,545$14,190$12,945$11,803$7,573
10 years$15,159$13,702$12,371$11,159$10,057$6,087
11 years$13,640$12,198$10,891$9,712$8,649$4,931
12 years$12,376$10,948$9,666$8,518$7,495$4,019
13 years$11,307$9,894$8,636$7,520$6,536$3,291
14 years$10,391$8,993$7,759$6,676$5,729$2,706
15 years$9,598$8,216$7,006$5,954$5,045$2,232
16 years$8,905$7,538$6,352$5,331$4,458$1,845
17 years$8,294$6,942$5,780$4,790$3,953$1,529
18 years$7,752$6,415$5,276$4,317$3,515$1,269
19 years$7,267$5,945$4,830$3,900$3,133$1,054
20 years$6,831$5,524$4,433$3,533$2,798$877
21 years$6,438$5,146$4,077$3,206$2,504$731
22 years$6,080$4,803$3,758$2,915$2,245$609
23 years$5,754$4,492$3,470$2,655$2,015$508
24 years$5,456$4,209$3,209$2,421$1,811$424
25 years$5,182$3,950$2,972$2,211$1,630$354
26 years$4,930$3,712$2,756$2,022$1,468$296
27 years$4,696$3,494$2,560$1,851$1,324$247
28 years$4,480$3,292$2,380$1,696$1,194$206
29 years$4,279$3,106$2,214$1,555$1,078$173
30 years$4,091$2,933$2,063$1,427$974$144
31 years$3,917$2,773$1,923$1,311$881$121
32 years$3,753$2,624$1,794$1,204$797$101
33 years$3,600$2,485$1,675$1,108$721$84
34 years$3,456$2,355$1,565$1,019$653$71
35 years$3,320$2,234$1,463$938$591$59
36 years$3,192$2,120$1,369$864$536$49
37 years$3,072$2,013$1,281$796$486$41
38 years$2,958$1,914$1,200$734$440$35
39 years$2,850$1,820$1,124$677$399$29
40 years$2,748$1,731$1,054$624$362$24
41 years$2,651$1,648$988$576$329$20
42 years$2,559$1,569$927$531$298$17
43 years$2,471$1,495$870$490$271$14
44 years$2,388$1,425$816$453$246$12
45 years$2,309$1,359$766$418$223$10
46 years$2,233$1,297$720$386$202$8
47 years$2,161$1,237$676$357$184$7
48 years$2,092$1,181$636$330$167$6
49 years$2,026$1,128$597$305$152$5
50 years$1,962$1,078$562$282$138$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,010,000, adding $3,117 every year, while hoping to spend $31,989 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: 52/29/19 Blend
50$2,010,000$2,010,000$2,010,000$2,010,000
51$2,218,235$2,111,705$2,080,550$2,321,850
52$2,410,459$2,181,143$2,116,213$2,462,871
53$2,621,218$2,252,910$2,151,998$2,612,582
54$2,852,368$2,327,089$2,187,875$2,774,733
55$3,105,955$2,403,762$2,223,814$2,950,514
56$3,384,230$2,483,014$2,259,781$3,141,236
57$3,689,677$2,564,937$2,295,738$3,348,340
58$4,025,026$2,649,621$2,331,648$3,573,415
59$4,393,291$2,737,164$2,367,470$3,818,205
60$4,797,785$2,827,665$2,403,159$4,084,634
61$5,242,165$2,921,225$2,438,670$4,374,818
62$5,730,453$3,017,953$2,473,953$4,691,085
63$6,267,086$3,117,959$2,508,957$5,036,001
64$6,856,946$3,221,357$2,543,625$5,412,387
65$7,505,417$3,328,266$2,577,898$5,823,355
66$8,218,427$3,438,808$2,611,716$6,272,325
67$9,002,510$3,553,113$2,645,011$6,763,068
68$9,864,861$3,671,311$2,677,714$7,299,734
69$10,813,411$3,793,539$2,709,752$7,886,895
70$11,856,897$3,919,941$2,741,047$8,529,586
71$13,004,945$4,050,662$2,771,516$9,233,351
72$14,268,161$4,185,856$2,801,074$10,004,298
73$15,658,232$4,325,681$2,829,628$10,849,154
74$17,188,033$4,470,302$2,857,082$11,775,329
75$18,871,753$4,619,887$2,883,335$12,790,985
76$20,725,025$4,774,614$2,908,279$13,905,112
77$22,765,073$4,934,666$2,931,802$15,127,616
78$25,010,878$5,100,232$2,953,785$16,469,407
79$27,483,354$5,271,510$2,974,103$17,942,505
80$30,205,545$5,448,703$2,992,625$19,560,153
81$33,202,845$5,632,024$3,009,213$21,336,939
82$36,503,234$5,821,692$3,023,720$23,288,936
83$40,137,545$6,017,935$3,035,995$25,433,851
84$44,139,751$6,220,990$3,045,877$27,791,194
85$48,547,289$6,431,103$3,053,198$30,382,458
86$53,401,413$6,648,527$3,057,781$33,231,327
87$58,747,580$6,873,528$3,059,439$36,363,895
88$64,635,881$7,106,379$3,057,979$39,808,909
89$71,121,515$7,347,366$3,053,195$43,598,049
90$78,265,306$7,596,783$3,044,873$47,766,217
91$86,134,279$7,854,937$3,032,789$52,351,870
92$94,802,294$8,122,148$3,016,705$57,397,384
93$104,350,740$8,398,744$2,996,377$62,949,449
94$114,869,303$8,685,070$2,971,543$69,059,515
95$126,456,815$8,981,482$2,941,933$75,784,271
96$139,222,186$9,288,350$2,907,263$83,186,182
97$153,285,427$9,606,058$2,867,235$91,334,081
98$168,778,790$9,935,005$2,821,537$100,303,812
99$185,848,011$10,275,604$2,769,843$110,178,950
100$204,653,688$10,628,288$2,711,812$121,051,588