Can I retire at age 51 with 1,390,000?

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 $1,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$114,785$113,762$112,765$111,791$110,841$107,594
2 years$56,824$55,766$54,740$53,746$52,781$49,537
3 years$37,507$36,444$35,421$34,435$33,487$30,346
4 years$27,850$26,790$25,777$24,809$23,883$20,870
5 years$22,057$21,004$20,004$19,056$18,155$15,279
6 years$18,196$17,151$16,166$15,239$14,366$11,628
7 years$15,440$14,403$13,434$12,529$11,683$9,084
8 years$13,374$12,346$11,393$10,510$9,692$7,230
9 years$11,767$10,750$9,813$8,952$8,162$5,834
10 years$10,483$9,475$8,555$7,717$6,955$4,758
11 years$9,433$8,435$7,532$6,716$5,981$3,912
12 years$8,558$7,571$6,684$5,891$5,183$3,237
13 years$7,819$6,842$5,972$5,201$4,520$2,693
14 years$7,186$6,219$5,366$4,617$3,962$2,250
15 years$6,637$5,681$4,845$4,117$3,489$1,886
16 years$6,158$5,213$4,392$3,687$3,083$1,586
17 years$5,736$4,801$3,997$3,312$2,734$1,336
18 years$5,361$4,436$3,649$2,985$2,431$1,128
19 years$5,025$4,111$3,340$2,697$2,167$954
20 years$4,724$3,820$3,065$2,443$1,935$808
21 years$4,452$3,559$2,820$2,217$1,732$685
22 years$4,205$3,322$2,599$2,016$1,552$581
23 years$3,979$3,107$2,399$1,836$1,393$494
24 years$3,773$2,911$2,219$1,674$1,252$420
25 years$3,584$2,732$2,055$1,529$1,127$357
26 years$3,409$2,567$1,906$1,398$1,015$304
27 years$3,248$2,416$1,770$1,280$915$258
28 years$3,098$2,277$1,646$1,173$826$220
29 years$2,959$2,148$1,531$1,075$746$187
30 years$2,829$2,028$1,426$987$674$160
31 years$2,709$1,918$1,330$906$609$136
32 years$2,595$1,814$1,241$833$551$116
33 years$2,489$1,718$1,158$766$499$99
34 years$2,390$1,628$1,082$705$452$84
35 years$2,296$1,545$1,012$649$409$72
36 years$2,208$1,466$947$597$371$61
37 years$2,124$1,392$886$551$336$52
38 years$2,046$1,323$830$507$304$45
39 years$1,971$1,258$777$468$276$38
40 years$1,900$1,197$729$432$250$32
41 years$1,833$1,140$683$398$227$28
42 years$1,770$1,085$641$367$206$24
43 years$1,709$1,034$601$339$187$20
44 years$1,652$986$565$313$170$17
45 years$1,597$940$530$289$154$15
46 years$1,544$897$498$267$140$13
47 years$1,494$856$468$247$127$11
48 years$1,447$817$440$228$115$9
49 years$1,401$780$413$211$105$8
50 years$1,357$745$388$195$95$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,390,000, adding $5,440 every year, while hoping to spend $25,374 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: 48/31/21 Blend
50$1,390,000$1,390,000$1,390,000$1,390,000
51$1,537,391$1,463,721$1,442,176$1,601,809
52$1,667,208$1,508,446$1,463,492$1,691,968
53$1,809,415$1,554,512$1,484,670$1,786,827
54$1,965,249$1,601,957$1,505,681$1,889,309
55$2,136,075$1,650,823$1,526,491$2,000,140
56$2,323,391$1,701,150$1,547,065$2,120,121
57$2,528,850$1,752,980$1,567,366$2,250,129
58$2,754,273$1,806,356$1,587,353$2,391,136
59$3,001,666$1,861,324$1,606,986$2,544,205
60$3,273,235$1,917,928$1,626,219$2,710,511
61$3,571,415$1,976,217$1,645,007$2,891,346
62$3,898,884$2,036,237$1,663,300$3,088,133
63$4,258,596$2,098,038$1,681,047$3,302,437
64$4,653,803$2,161,672$1,698,191$3,535,985
65$5,088,086$2,227,189$1,714,677$3,790,675
66$5,565,394$2,294,644$1,730,441$4,068,599
67$6,090,075$2,364,092$1,745,421$4,372,063
68$6,666,918$2,435,589$1,759,549$4,703,602
69$7,301,203$2,509,192$1,772,753$5,066,014
70$7,998,744$2,584,960$1,784,958$5,462,376
71$8,765,948$2,662,955$1,796,086$5,896,080
72$9,609,874$2,743,239$1,806,054$6,370,863
73$10,538,299$2,825,876$1,814,775$6,890,841
74$11,559,792$2,910,930$1,822,156$7,460,547
75$12,683,794$2,998,470$1,828,103$8,084,977
76$13,920,710$3,088,563$1,832,513$8,769,634
77$15,282,001$3,181,281$1,835,280$9,520,581
78$16,780,296$3,276,696$1,836,294$10,344,499
79$18,429,514$3,374,881$1,835,437$11,248,747
80$20,244,986$3,475,912$1,832,586$12,241,435
81$22,243,611$3,579,868$1,827,613$13,331,498
82$24,444,004$3,686,826$1,820,383$14,528,779
83$26,866,681$3,796,869$1,810,755$15,844,127
84$29,534,247$3,910,081$1,798,580$17,289,494
85$32,471,611$4,026,545$1,783,702$18,878,049
86$35,706,219$4,146,349$1,765,960$20,624,304
87$39,268,315$4,269,583$1,745,182$22,544,250
88$43,191,228$4,396,337$1,721,190$24,655,505
89$47,511,680$4,526,704$1,693,797$26,977,485
90$52,270,140$4,660,781$1,662,808$29,531,585
91$57,511,198$4,798,664$1,628,016$32,341,379
92$63,283,994$4,940,452$1,589,208$35,432,846
93$69,642,675$5,086,247$1,546,160$38,834,611
94$76,646,908$5,236,154$1,498,637$42,578,220
95$84,362,445$5,390,277$1,446,393$46,698,434
96$92,861,739$5,548,725$1,389,172$51,233,557
97$102,224,632$5,711,609$1,326,705$56,225,800
98$112,539,107$5,879,040$1,258,712$61,721,679
99$123,902,116$6,051,133$1,184,899$67,772,452
100$136,420,499$6,228,006$1,104,960$74,434,604