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%18.1%
1 years$114,785$113,762$112,765$111,791$110,841$107,207
2 years$56,824$55,766$54,740$53,746$52,781$49,155
3 years$37,507$36,444$35,421$34,435$33,487$29,981
4 years$27,850$26,790$25,777$24,809$23,883$20,526
5 years$22,057$21,004$20,004$19,056$18,155$14,956
6 years$18,196$17,151$16,166$15,239$14,366$11,326
7 years$15,440$14,403$13,434$12,529$11,683$8,803
8 years$13,374$12,346$11,393$10,510$9,692$6,969
9 years$11,767$10,750$9,813$8,952$8,162$5,593
10 years$10,483$9,475$8,555$7,717$6,955$4,535
11 years$9,433$8,435$7,532$6,716$5,981$3,708
12 years$8,558$7,571$6,684$5,891$5,183$3,050
13 years$7,819$6,842$5,972$5,201$4,520$2,522
14 years$7,186$6,219$5,366$4,617$3,962$2,094
15 years$6,637$5,681$4,845$4,117$3,489$1,744
16 years$6,158$5,213$4,392$3,687$3,083$1,457
17 years$5,736$4,801$3,997$3,312$2,734$1,219
18 years$5,361$4,436$3,649$2,985$2,431$1,023
19 years$5,025$4,111$3,340$2,697$2,167$859
20 years$4,724$3,820$3,065$2,443$1,935$722
21 years$4,452$3,559$2,820$2,217$1,732$608
22 years$4,205$3,322$2,599$2,016$1,552$513
23 years$3,979$3,107$2,399$1,836$1,393$432
24 years$3,773$2,911$2,219$1,674$1,252$365
25 years$3,584$2,732$2,055$1,529$1,127$308
26 years$3,409$2,567$1,906$1,398$1,015$260
27 years$3,248$2,416$1,770$1,280$915$220
28 years$3,098$2,277$1,646$1,173$826$186
29 years$2,959$2,148$1,531$1,075$746$157
30 years$2,829$2,028$1,426$987$674$133
31 years$2,709$1,918$1,330$906$609$112
32 years$2,595$1,814$1,241$833$551$95
33 years$2,489$1,718$1,158$766$499$80
34 years$2,390$1,628$1,082$705$452$68
35 years$2,296$1,545$1,012$649$409$58
36 years$2,208$1,466$947$597$371$49
37 years$2,124$1,392$886$551$336$41
38 years$2,046$1,323$830$507$304$35
39 years$1,971$1,258$777$468$276$30
40 years$1,900$1,197$729$432$250$25
41 years$1,833$1,140$683$398$227$21
42 years$1,770$1,085$641$367$206$18
43 years$1,709$1,034$601$339$187$15
44 years$1,652$986$565$313$170$13
45 years$1,597$940$530$289$154$11
46 years$1,544$897$498$267$140$9
47 years$1,494$856$468$247$127$8
48 years$1,447$817$440$228$115$7
49 years$1,401$780$413$211$105$6
50 years$1,357$745$388$195$95$5

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 $6,508 every year, while hoping to spend $24,488 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: 55/15/30 Blend
50$1,390,000$1,390,000$1,390,000$1,390,000
51$1,538,493$1,464,823$1,443,278$1,609,965
52$1,669,364$1,510,544$1,465,573$1,705,802
53$1,812,764$1,557,685$1,487,794$1,807,084
54$1,969,943$1,606,289$1,509,912$1,916,918
55$2,142,282$1,656,402$1,531,899$2,036,139
56$2,331,298$1,708,069$1,553,721$2,165,664
57$2,538,665$1,761,339$1,575,345$2,306,504
58$2,766,225$1,816,261$1,596,735$2,459,772
59$3,016,007$1,872,885$1,617,854$2,626,695
60$3,290,248$1,931,264$1,638,659$2,808,624
61$3,591,409$1,991,452$1,659,110$3,007,047
62$3,922,204$2,053,504$1,679,161$3,223,602
63$4,285,620$2,117,478$1,698,765$3,460,095
64$4,684,951$2,183,431$1,717,871$3,718,516
65$5,123,822$2,251,426$1,736,426$4,001,056
66$5,606,230$2,321,524$1,754,375$4,310,128
67$6,136,577$2,393,790$1,771,658$4,648,394
68$6,719,712$2,468,290$1,788,212$5,018,784
69$7,360,979$2,545,093$1,803,974$5,424,527
70$8,066,265$2,624,268$1,818,873$5,869,180
71$8,842,055$2,705,889$1,832,836$6,356,664
72$9,695,497$2,790,029$1,845,788$6,891,299
73$10,634,463$2,876,766$1,857,648$7,477,844
74$11,667,630$2,966,179$1,868,331$8,121,544
75$12,804,557$3,058,350$1,877,748$8,828,177
76$14,055,774$3,153,362$1,885,805$9,604,112
77$15,432,888$3,251,302$1,892,405$10,456,365
78$16,948,686$3,352,259$1,897,444$11,392,668
79$18,617,257$3,456,325$1,900,813$12,421,544
80$20,454,126$3,563,593$1,902,399$13,552,380
81$22,476,400$3,674,162$1,902,083$14,795,524
82$24,702,928$3,788,132$1,899,738$16,162,377
83$27,154,481$3,905,605$1,895,233$17,665,504
84$29,853,946$4,026,687$1,888,431$19,318,751
85$32,826,542$4,151,488$1,879,187$21,137,375
86$36,100,059$4,280,121$1,867,350$23,138,192
87$39,705,119$4,412,700$1,852,760$25,339,729
88$43,675,465$4,549,346$1,835,251$27,762,407
89$48,048,279$4,690,181$1,814,649$30,428,727
90$52,864,535$4,835,332$1,790,771$33,363,486
91$58,169,381$4,984,927$1,763,426$36,594,010
92$64,012,572$5,139,102$1,732,414$40,150,414
93$70,448,929$5,297,993$1,697,525$44,065,883
94$77,538,869$5,461,743$1,658,541$48,376,989
95$85,348,962$5,630,498$1,615,231$53,124,034
96$93,952,571$5,804,407$1,567,356$58,351,431
97$103,430,535$5,983,625$1,514,664$64,108,124
98$113,871,938$6,168,311$1,456,894$70,448,051
99$125,374,946$6,358,628$1,393,770$77,430,650
100$138,047,735$6,554,745$1,325,006$85,121,425