Can I retire at age 51 with 2,090,000?

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 $2,090,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$172,590$171,053$169,553$168,089$166,660$162,763
2 years$85,441$83,849$82,307$80,812$79,362$75,458
3 years$56,395$54,797$53,258$51,777$50,350$46,562
4 years$41,874$40,281$38,758$37,302$35,910$32,266
5 years$33,165$31,581$30,078$28,652$27,298$23,808
6 years$27,360$25,788$24,308$22,913$21,600$18,268
7 years$23,215$21,657$20,200$18,838$17,567$14,393
8 years$20,108$18,564$17,131$15,803$14,573$11,557
9 years$17,693$16,163$14,755$13,461$12,273$9,411
10 years$15,762$14,247$12,864$11,603$10,457$7,747
11 years$14,183$12,683$11,325$10,098$8,993$6,431
12 years$12,868$11,384$10,051$8,857$7,794$5,375
13 years$11,757$10,288$8,980$7,820$6,796$4,517
14 years$10,804$9,351$8,068$6,942$5,957$3,812
15 years$9,980$8,543$7,284$6,191$5,245$3,230
16 years$9,259$7,838$6,604$5,543$4,636$2,744
17 years$8,624$7,218$6,010$4,980$4,111$2,338
18 years$8,060$6,670$5,486$4,488$3,655$1,996
19 years$7,556$6,182$5,022$4,056$3,258$1,707
20 years$7,103$5,744$4,609$3,673$2,910$1,462
21 years$6,694$5,351$4,240$3,334$2,604$1,254
22 years$6,322$4,995$3,907$3,031$2,334$1,077
23 years$5,983$4,671$3,608$2,760$2,095$925
24 years$5,673$4,377$3,337$2,518$1,883$796
25 years$5,388$4,107$3,090$2,299$1,695$685
26 years$5,126$3,860$2,866$2,102$1,526$590
27 years$4,883$3,633$2,662$1,924$1,376$508
28 years$4,658$3,423$2,474$1,763$1,242$438
29 years$4,449$3,229$2,302$1,617$1,121$378
30 years$4,254$3,050$2,145$1,484$1,013$326
31 years$4,072$2,883$1,999$1,363$916$281
32 years$3,902$2,728$1,865$1,252$829$243
33 years$3,743$2,584$1,742$1,152$750$209
34 years$3,593$2,449$1,627$1,060$679$181
35 years$3,452$2,322$1,522$975$615$156
36 years$3,319$2,204$1,423$898$557$135
37 years$3,194$2,094$1,332$828$505$116
38 years$3,076$1,990$1,248$763$458$101
39 years$2,964$1,892$1,169$703$415$87
40 years$2,857$1,800$1,096$649$377$75
41 years$2,757$1,714$1,027$599$342$65
42 years$2,661$1,632$964$552$310$56
43 years$2,570$1,555$904$510$281$48
44 years$2,483$1,482$849$471$255$42
45 years$2,401$1,413$797$435$232$36
46 years$2,322$1,348$749$402$210$31
47 years$2,247$1,287$703$371$191$27
48 years$2,175$1,228$661$343$174$23
49 years$2,106$1,173$621$317$158$20
50 years$2,041$1,120$584$293$143$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $2,090,000, adding $4,524 every year, while hoping to spend $59,293 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: 43/30/27 Blend
50$2,090,000$2,090,000$2,090,000$2,090,000
51$2,307,847$2,197,077$2,164,682$2,388,744
52$2,480,160$2,241,646$2,174,111$2,491,634
53$2,668,061$2,286,412$2,181,869$2,597,060
54$2,873,079$2,331,322$2,187,837$2,710,147
55$3,096,894$2,376,318$2,191,891$2,831,639
56$3,341,358$2,421,338$2,193,900$2,962,356
57$3,608,507$2,466,314$2,193,726$3,103,205
58$3,900,584$2,511,173$2,191,225$3,255,185
59$4,220,060$2,555,836$2,186,248$3,419,400
60$4,569,653$2,600,219$2,178,634$3,597,068
61$4,952,358$2,644,230$2,168,219$3,789,533
62$5,371,472$2,687,771$2,154,827$3,998,277
63$5,830,625$2,730,735$2,138,277$4,224,937
64$6,333,817$2,773,009$2,118,377$4,471,319
65$6,885,451$2,814,471$2,094,928$4,739,416
66$7,490,378$2,854,991$2,067,718$5,031,427
67$8,153,939$2,894,429$2,036,530$5,349,777
68$8,882,020$2,932,634$2,001,132$5,697,145
69$9,681,100$2,969,448$1,961,285$6,076,484
70$10,558,320$3,004,698$1,916,735$6,491,053
71$11,521,543$3,038,203$1,867,221$6,944,448
72$12,579,433$3,069,767$1,812,465$7,440,636
73$13,741,532$3,099,183$1,752,180$7,983,993
74$15,018,354$3,126,228$1,686,063$8,579,347
75$16,421,480$3,150,667$1,613,800$9,232,024
76$17,963,669$3,172,249$1,535,061$9,947,900
77$19,658,979$3,190,704$1,449,500$10,733,455
78$21,522,895$3,205,748$1,356,759$11,595,837
79$23,572,479$3,217,079$1,256,459$12,542,932
80$25,826,530$3,224,374$1,148,209$13,583,436
81$28,305,758$3,227,291$1,031,596$14,726,941
82$31,032,983$3,225,465$906,191$15,984,025
83$34,033,345$3,218,511$771,547$17,366,358
84$37,334,547$3,206,019$627,195$18,886,805
85$40,967,111$3,187,554$472,646$20,559,556
86$44,964,666$3,162,653$307,389$22,400,261
87$49,364,266$3,130,828$130,891$24,426,176
88$54,206,743$3,091,560$0$26,656,329
89$59,537,082$3,044,298$0$29,128,259
90$65,404,856$2,988,460$0$31,889,866
91$71,864,684$2,923,428$0$34,929,089
92$78,976,754$2,848,548$0$38,274,242
93$86,807,384$2,763,128$0$41,956,530
94$95,429,651$2,666,435$0$46,010,349
95$104,924,078$2,557,693$0$50,473,612
96$115,379,396$2,436,082$0$55,388,103
97$126,893,378$2,300,733$0$60,799,879
98$139,573,762$2,150,729$0$66,759,704
99$153,539,269$1,985,098$0$73,323,525
100$168,920,721$1,802,814$0$80,553,010