Can I retire at age 51 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$170,939$169,416$167,930$166,481$165,065$161,468
2 years$84,623$83,047$81,520$80,039$78,602$74,997
3 years$55,855$54,272$52,749$51,282$49,868$46,367
4 years$41,474$39,896$38,387$36,945$35,567$32,196
5 years$32,847$31,279$29,790$28,378$27,037$23,806
6 years$27,098$25,541$24,075$22,694$21,394$18,306
7 years$22,993$21,450$20,006$18,658$17,399$14,456
8 years$19,916$18,386$16,967$15,652$14,434$11,634
9 years$17,524$16,009$14,614$13,332$12,155$9,497
10 years$15,611$14,111$12,741$11,492$10,357$7,837
11 years$14,047$12,562$11,217$10,002$8,907$6,522
12 years$12,745$11,275$9,954$8,773$7,719$5,465
13 years$11,644$10,189$8,894$7,745$6,731$4,605
14 years$10,701$9,262$7,991$6,875$5,900$3,898
15 years$9,885$8,461$7,215$6,131$5,195$3,311
16 years$9,171$7,763$6,541$5,490$4,592$2,821
17 years$8,542$7,149$5,952$4,933$4,071$2,411
18 years$7,983$6,606$5,434$4,445$3,620$2,064
19 years$7,484$6,122$4,974$4,017$3,226$1,770
20 years$7,035$5,689$4,565$3,638$2,882$1,521
21 years$6,630$5,299$4,199$3,302$2,579$1,309
22 years$6,262$4,947$3,870$3,002$2,312$1,127
23 years$5,926$4,627$3,573$2,734$2,075$972
24 years$5,619$4,335$3,305$2,494$1,865$838
25 years$5,337$4,068$3,061$2,277$1,678$724
26 years$5,077$3,823$2,839$2,082$1,512$625
27 years$4,836$3,598$2,636$1,906$1,363$540
28 years$4,614$3,391$2,451$1,746$1,230$467
29 years$4,407$3,199$2,280$1,601$1,111$404
30 years$4,214$3,021$2,124$1,470$1,003$350
31 years$4,034$2,856$1,980$1,350$907$303
32 years$3,865$2,702$1,848$1,240$821$262
33 years$3,707$2,559$1,725$1,141$743$227
34 years$3,559$2,425$1,612$1,050$672$197
35 years$3,419$2,300$1,507$966$609$171
36 years$3,288$2,183$1,410$890$552$148
37 years$3,164$2,074$1,320$820$500$128
38 years$3,046$1,971$1,236$756$453$111
39 years$2,935$1,874$1,158$697$411$96
40 years$2,830$1,783$1,085$643$373$83
41 years$2,730$1,697$1,017$593$338$72
42 years$2,635$1,616$954$547$307$63
43 years$2,545$1,540$896$505$279$54
44 years$2,459$1,468$841$466$253$47
45 years$2,378$1,400$789$431$230$41
46 years$2,300$1,335$741$398$208$35
47 years$2,225$1,274$697$368$189$31
48 years$2,154$1,217$655$340$172$27
49 years$2,086$1,162$615$314$156$23
50 years$2,021$1,110$578$290$142$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,070,000, adding $2,166 every year, while hoping to spend $58,843 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: 44/41/15 Blend
50$2,070,000$2,070,000$2,070,000$2,070,000
51$2,283,374$2,173,664$2,141,579$2,373,876
52$2,453,670$2,217,565$2,150,714$2,481,285
53$2,639,364$2,261,645$2,158,182$2,591,578
54$2,841,964$2,305,851$2,163,866$2,709,851
55$3,063,131$2,350,124$2,167,642$2,836,864
56$3,304,692$2,394,403$2,169,380$2,973,457
57$3,568,660$2,438,618$2,168,944$3,120,555
58$3,857,250$2,482,697$2,166,190$3,279,179
59$4,172,901$2,526,560$2,160,969$3,450,453
60$4,518,297$2,570,122$2,153,122$3,635,620
61$4,896,397$2,613,291$2,142,485$3,836,047
62$5,310,455$2,655,969$2,128,884$4,053,245
63$5,764,059$2,698,048$2,112,138$4,288,878
64$6,261,155$2,739,415$2,092,058$4,544,783
65$6,806,095$2,779,947$2,068,443$4,822,986
66$7,403,666$2,819,515$2,041,086$5,125,719
67$8,059,145$2,857,976$2,009,767$5,455,448
68$8,778,343$2,895,182$1,974,260$5,814,890
69$9,567,660$2,930,972$1,934,323$6,207,042
70$10,434,146$2,965,174$1,889,707$6,635,211
71$11,385,566$2,997,605$1,840,150$7,103,042
72$12,430,477$3,028,070$1,785,378$7,614,559
73$13,578,301$3,056,361$1,725,103$8,174,196
74$14,839,420$3,082,256$1,659,027$8,786,846
75$16,225,272$3,105,517$1,586,836$9,457,904
76$17,748,456$3,125,894$1,508,201$10,193,321
77$19,422,853$3,143,117$1,422,780$10,999,658
78$21,263,756$3,156,902$1,330,216$11,884,154
79$23,288,015$3,166,946$1,230,133$12,854,790
80$25,514,191$3,172,925$1,122,142$13,920,368
81$27,962,738$3,174,498$1,005,833$15,090,594
82$30,656,189$3,171,300$880,779$16,376,171
83$33,619,371$3,162,944$746,536$17,788,904
84$36,879,639$3,149,021$602,638$19,341,808
85$40,467,134$3,129,095$448,598$21,049,235
86$44,415,066$3,102,704$283,910$22,927,011
87$48,760,025$3,069,359$108,044$24,992,587
88$53,542,331$3,028,541$0$27,265,202
89$58,806,409$2,979,700$0$29,778,819
90$64,601,210$2,922,252$0$32,563,366
91$70,980,671$2,855,581$0$35,627,420
92$78,004,227$2,779,032$0$38,999,517
93$85,737,367$2,691,913$0$42,711,113
94$94,252,254$2,593,492$0$46,796,883
95$103,628,403$2,482,993$0$51,295,049
96$113,953,437$2,359,596$0$56,247,743
97$125,323,904$2,222,432$0$61,701,406
98$137,846,196$2,070,585$0$67,707,230
99$151,637,548$1,903,084$0$74,321,642
100$166,827,146$1,718,904$0$81,606,840