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%19.4%
1 years$114,785$113,762$112,765$111,791$110,841$106,653
2 years$56,824$55,766$54,740$53,746$52,781$48,611
3 years$37,507$36,444$35,421$34,435$33,487$29,465
4 years$27,850$26,790$25,777$24,809$23,883$20,041
5 years$22,057$21,004$20,004$19,056$18,155$14,502
6 years$18,196$17,151$16,166$15,239$14,366$10,904
7 years$15,440$14,403$13,434$12,529$11,683$8,412
8 years$13,374$12,346$11,393$10,510$9,692$6,609
9 years$11,767$10,750$9,813$8,952$8,162$5,262
10 years$10,483$9,475$8,555$7,717$6,955$4,232
11 years$9,433$8,435$7,532$6,716$5,981$3,430
12 years$8,558$7,571$6,684$5,891$5,183$2,798
13 years$7,819$6,842$5,972$5,201$4,520$2,293
14 years$7,186$6,219$5,366$4,617$3,962$1,886
15 years$6,637$5,681$4,845$4,117$3,489$1,557
16 years$6,158$5,213$4,392$3,687$3,083$1,288
17 years$5,736$4,801$3,997$3,312$2,734$1,068
18 years$5,361$4,436$3,649$2,985$2,431$887
19 years$5,025$4,111$3,340$2,697$2,167$738
20 years$4,724$3,820$3,065$2,443$1,935$614
21 years$4,452$3,559$2,820$2,217$1,732$512
22 years$4,205$3,322$2,599$2,016$1,552$427
23 years$3,979$3,107$2,399$1,836$1,393$357
24 years$3,773$2,911$2,219$1,674$1,252$298
25 years$3,584$2,732$2,055$1,529$1,127$249
26 years$3,409$2,567$1,906$1,398$1,015$208
27 years$3,248$2,416$1,770$1,280$915$174
28 years$3,098$2,277$1,646$1,173$826$145
29 years$2,959$2,148$1,531$1,075$746$122
30 years$2,829$2,028$1,426$987$674$102
31 years$2,709$1,918$1,330$906$609$85
32 years$2,595$1,814$1,241$833$551$71
33 years$2,489$1,718$1,158$766$499$60
34 years$2,390$1,628$1,082$705$452$50
35 years$2,296$1,545$1,012$649$409$42
36 years$2,208$1,466$947$597$371$35
37 years$2,124$1,392$886$551$336$29
38 years$2,046$1,323$830$507$304$25
39 years$1,971$1,258$777$468$276$21
40 years$1,900$1,197$729$432$250$17
41 years$1,833$1,140$683$398$227$14
42 years$1,770$1,085$641$367$206$12
43 years$1,709$1,034$601$339$187$10
44 years$1,652$986$565$313$170$8
45 years$1,597$940$530$289$154$7
46 years$1,544$897$498$267$140$6
47 years$1,494$856$468$247$127$5
48 years$1,447$817$440$228$115$4
49 years$1,401$780$413$211$105$3
50 years$1,357$745$388$195$95$3

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 $4,601 every year, while hoping to spend $37,113 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: 75/16/9 Blend
50$1,390,000$1,390,000$1,390,000$1,390,000
51$1,536,526$1,462,856$1,441,311$1,649,113
52$1,653,764$1,495,048$1,450,107$1,756,096
53$1,781,716$1,527,573$1,457,954$1,868,146
54$1,921,436$1,560,410$1,464,780$1,989,883
55$2,074,084$1,593,531$1,470,512$2,122,254
56$2,240,937$1,626,911$1,475,071$2,266,304
57$2,423,401$1,660,518$1,478,374$2,423,181
58$2,623,024$1,694,319$1,480,335$2,594,152
59$2,841,510$1,728,278$1,480,864$2,780,610
60$3,080,736$1,762,356$1,479,865$2,984,092
61$3,342,769$1,796,510$1,477,239$3,206,290
62$3,629,885$1,830,692$1,472,880$3,449,067
63$3,944,590$1,864,853$1,466,678$3,714,476
64$4,289,646$1,898,939$1,458,520$4,004,780
65$4,668,093$1,932,890$1,448,284$4,322,470
66$5,083,281$1,966,643$1,435,843$4,670,293
67$5,538,897$2,000,130$1,421,065$5,051,273
68$6,039,005$2,033,277$1,403,811$5,468,744
69$6,588,081$2,066,006$1,383,936$5,926,378
70$7,191,055$2,098,230$1,361,289$6,428,223
71$7,853,359$2,129,860$1,335,708$6,978,736
72$8,580,976$2,160,797$1,307,028$7,582,832
73$9,380,497$2,190,937$1,275,075$8,245,925
74$10,259,183$2,220,169$1,239,666$8,973,980
75$11,225,034$2,248,371$1,200,609$9,773,572
76$12,286,864$2,275,418$1,157,705$10,651,944
77$13,454,381$2,301,171$1,110,746$11,617,081
78$14,738,285$2,325,485$1,059,513$12,677,779
79$16,150,361$2,348,204$1,003,777$13,843,732
80$17,703,595$2,369,164$943,301$15,125,623
81$19,412,295$2,388,185$877,834$16,535,226
82$21,292,224$2,405,082$807,117$18,085,512
83$23,360,752$2,419,652$730,877$19,790,780
84$25,637,017$2,431,683$648,829$21,666,785
85$28,142,105$2,440,948$560,677$23,730,889
86$30,899,250$2,447,205$466,111$26,002,226
87$33,934,054$2,450,198$364,806$28,501,883
88$37,274,725$2,449,655$256,424$31,253,097
89$40,952,345$2,445,287$140,613$34,281,476
90$45,001,164$2,436,786$17,003$37,615,243
91$49,458,920$2,423,826$0$41,285,498
92$54,367,198$2,406,061$0$45,337,550
93$59,771,820$2,383,126$0$49,800,596
94$65,723,277$2,354,630$0$54,714,667
95$72,277,206$2,320,162$0$60,125,679
96$79,494,917$2,279,285$0$66,084,229
97$87,443,965$2,231,537$0$72,646,075
98$96,198,793$2,176,426$0$79,872,663
99$105,841,434$2,113,435$0$87,831,704
100$116,462,280$2,042,014$0$96,597,816