Can I retire at age 51 with 2,020,000?

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 $2,020,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$166,810$165,324$163,874$162,459$161,078$156,802
2 years$82,579$81,041$79,551$78,105$76,704$72,426
3 years$54,506$52,961$51,474$50,043$48,664$44,518
4 years$40,472$38,932$37,460$36,053$34,708$30,725
5 years$32,054$30,523$29,071$27,692$26,384$22,576
6 years$26,444$24,925$23,493$22,146$20,877$17,247
7 years$22,438$20,932$19,523$18,207$16,978$13,527
8 years$19,435$17,942$16,557$15,274$14,085$10,811
9 years$17,101$15,622$14,261$13,010$11,862$8,761
10 years$15,234$13,770$12,433$11,214$10,107$7,176
11 years$13,708$12,259$10,946$9,760$8,692$5,927
12 years$12,437$11,003$9,714$8,561$7,533$4,928
13 years$11,363$9,943$8,679$7,558$6,569$4,119
14 years$10,443$9,038$7,798$6,709$5,758$3,457
15 years$9,646$8,256$7,040$5,983$5,070$2,913
16 years$8,949$7,575$6,383$5,357$4,481$2,461
17 years$8,335$6,976$5,808$4,814$3,973$2,084
18 years$7,790$6,447$5,302$4,338$3,532$1,769
19 years$7,303$5,975$4,854$3,920$3,149$1,504
20 years$6,865$5,552$4,455$3,550$2,812$1,280
21 years$6,470$5,171$4,098$3,222$2,517$1,091
22 years$6,110$4,827$3,777$2,929$2,256$931
23 years$5,783$4,515$3,487$2,668$2,025$795
24 years$5,483$4,230$3,225$2,433$1,820$680
25 years$5,208$3,970$2,987$2,222$1,638$581
26 years$4,954$3,731$2,770$2,032$1,475$497
27 years$4,720$3,511$2,572$1,860$1,330$426
28 years$4,502$3,309$2,391$1,704$1,200$365
29 years$4,300$3,121$2,225$1,563$1,084$312
30 years$4,112$2,948$2,073$1,434$979$268
31 years$3,936$2,787$1,932$1,317$885$229
32 years$3,772$2,637$1,803$1,210$801$197
33 years$3,618$2,497$1,683$1,113$725$169
34 years$3,473$2,367$1,573$1,024$656$145
35 years$3,337$2,245$1,471$943$594$124
36 years$3,208$2,131$1,376$868$538$106
37 years$3,087$2,023$1,288$800$488$91
38 years$2,973$1,923$1,206$737$442$78
39 years$2,864$1,829$1,130$680$401$67
40 years$2,762$1,740$1,059$627$364$58
41 years$2,664$1,656$993$579$330$49
42 years$2,572$1,577$931$534$300$42
43 years$2,484$1,503$874$493$272$36
44 years$2,400$1,432$820$455$247$31
45 years$2,320$1,366$770$420$224$27
46 years$2,244$1,303$723$388$203$23
47 years$2,172$1,244$680$359$185$20
48 years$2,102$1,187$639$331$168$17
49 years$2,036$1,134$600$306$152$15
50 years$1,972$1,083$564$283$138$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,020,000, adding $4,328 every year, while hoping to spend $38,183 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: 53/21/26 Blend
50$2,020,000$2,020,000$2,020,000$2,020,000
51$2,230,504$2,123,444$2,092,134$2,332,373
52$2,417,389$2,186,867$2,121,594$2,466,707
53$2,622,057$2,252,117$2,150,762$2,608,550
54$2,846,281$2,319,245$2,179,586$2,762,140
55$3,092,013$2,388,300$2,208,014$2,928,613
56$3,361,406$2,459,334$2,235,990$3,109,223
57$3,656,829$2,532,400$2,263,455$3,305,349
58$3,980,890$2,607,552$2,290,345$3,518,510
59$4,336,464$2,684,846$2,316,595$3,750,380
60$4,726,716$2,764,336$2,342,134$4,002,800
61$5,155,134$2,846,081$2,366,888$4,277,801
62$5,625,559$2,930,141$2,390,780$4,577,618
63$6,142,222$3,016,574$2,413,727$4,904,715
64$6,709,784$3,105,442$2,435,643$5,261,803
65$7,333,382$3,196,808$2,456,437$5,651,871
66$8,018,671$3,290,735$2,476,011$6,078,212
67$8,771,884$3,387,290$2,494,266$6,544,453
68$9,599,886$3,486,538$2,511,095$7,054,591
69$10,510,244$3,588,547$2,526,385$7,613,028
70$11,511,289$3,693,386$2,540,020$8,224,616
71$12,612,205$3,801,126$2,551,875$8,894,699
72$13,823,107$3,911,839$2,561,820$9,629,168
73$15,155,141$4,025,596$2,569,718$10,434,512
74$16,620,589$4,142,474$2,575,427$11,317,882
75$18,232,980$4,262,546$2,578,795$12,287,156
76$20,007,223$4,385,890$2,579,664$13,351,016
77$21,959,746$4,512,585$2,577,868$14,519,030
78$24,108,647$4,642,708$2,573,234$15,801,740
79$26,473,869$4,776,341$2,565,578$17,210,762
80$29,077,388$4,913,566$2,554,709$18,758,898
81$31,943,416$5,054,465$2,540,426$20,460,254
82$35,098,633$5,199,123$2,522,518$22,330,374
83$38,572,437$5,347,623$2,500,767$24,386,390
84$42,397,222$5,500,053$2,474,939$26,647,177
85$46,608,683$5,656,500$2,444,793$29,133,538
86$51,246,151$5,817,052$2,410,077$31,868,397
87$56,352,968$5,981,796$2,370,524$34,877,016
88$61,976,891$6,150,825$2,325,857$38,187,235
89$68,170,546$6,324,227$2,275,785$41,829,730
90$74,991,922$6,502,094$2,220,003$45,838,311
91$82,504,919$6,684,518$2,158,195$50,250,233
92$90,779,953$6,871,592$2,090,026$55,106,556
93$99,894,615$7,063,407$2,015,149$60,452,524
94$109,934,409$7,260,057$1,933,200$66,337,998
95$120,993,554$7,461,634$1,843,797$72,817,929
96$133,175,875$7,668,233$1,746,543$79,952,869
97$146,595,784$7,879,947$1,641,022$87,809,550
98$161,379,357$8,096,867$1,526,799$96,461,514
99$177,665,524$8,319,086$1,403,420$105,989,802
100$195,607,383$8,546,697$1,270,410$116,483,725