Can I retire at age 51 with 1,400,000?

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 $1,400,000?

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$115,611$114,581$113,576$112,596$111,638$109,205
2 years$57,233$56,167$55,134$54,132$53,161$50,722
3 years$37,776$36,706$35,675$34,683$33,727$31,359
4 years$28,050$26,983$25,963$24,987$24,055$21,775
5 years$22,216$21,155$20,148$19,193$18,286$16,101
6 years$18,327$17,274$16,283$15,349$14,469$12,381
7 years$15,551$14,507$13,531$12,619$11,767$9,777
8 years$13,470$12,435$11,475$10,586$9,762$7,869
9 years$11,852$10,827$9,884$9,017$8,221$6,423
10 years$10,558$9,544$8,617$7,772$7,005$5,300
11 years$9,501$8,496$7,586$6,764$6,024$4,411
12 years$8,620$7,626$6,732$5,933$5,221$3,696
13 years$7,875$6,891$6,015$5,238$4,552$3,114
14 years$7,237$6,264$5,405$4,650$3,991$2,636
15 years$6,685$5,722$4,880$4,147$3,514$2,239
16 years$6,203$5,250$4,424$3,713$3,105$1,908
17 years$5,777$4,835$4,026$3,336$2,753$1,630
18 years$5,399$4,468$3,675$3,007$2,448$1,396
19 years$5,062$4,141$3,364$2,717$2,182$1,197
20 years$4,758$3,848$3,088$2,460$1,949$1,029
21 years$4,484$3,584$2,840$2,233$1,744$885
22 years$4,235$3,346$2,617$2,030$1,563$762
23 years$4,008$3,129$2,417$1,849$1,403$657
24 years$3,800$2,932$2,235$1,686$1,261$567
25 years$3,609$2,751$2,070$1,540$1,135$489
26 years$3,434$2,586$1,920$1,408$1,022$423
27 years$3,271$2,434$1,783$1,289$922$366
28 years$3,120$2,293$1,657$1,181$832$316
29 years$2,980$2,163$1,542$1,083$751$273
30 years$2,850$2,043$1,437$994$679$237
31 years$2,728$1,931$1,339$913$614$205
32 years$2,614$1,827$1,250$839$555$177
33 years$2,507$1,731$1,167$771$502$154
34 years$2,407$1,640$1,090$710$455$133
35 years$2,312$1,556$1,019$653$412$115
36 years$2,224$1,477$953$602$373$100
37 years$2,140$1,402$892$554$338$87
38 years$2,060$1,333$836$511$307$75
39 years$1,985$1,267$783$471$278$65
40 years$1,914$1,206$734$435$252$56
41 years$1,847$1,148$688$401$229$49
42 years$1,782$1,093$646$370$208$42
43 years$1,721$1,042$606$342$188$37
44 years$1,663$993$569$315$171$32
45 years$1,608$947$534$291$155$28
46 years$1,555$903$501$269$141$24
47 years$1,505$862$471$249$128$21
48 years$1,457$823$443$230$116$18
49 years$1,411$786$416$212$106$16
50 years$1,367$751$391$196$96$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,400,000, adding $5,986 every year, while hoping to spend $31,695 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: 51/36/13 Blend
50$1,400,000$1,400,000$1,400,000$1,400,000
51$1,548,975$1,474,775$1,453,075$1,622,259
52$1,673,247$1,513,315$1,468,029$1,711,620
53$1,809,132$1,552,682$1,482,423$1,804,869
54$1,957,783$1,592,882$1,496,203$1,905,527
55$2,120,465$1,633,922$1,509,314$2,014,301
56$2,298,575$1,675,807$1,521,699$2,131,970
57$2,493,650$1,718,541$1,533,296$2,259,392
58$2,707,381$1,762,130$1,544,040$2,397,509
59$2,941,634$1,806,574$1,553,866$2,547,363
60$3,198,461$1,851,876$1,562,701$2,710,097
61$3,480,123$1,898,037$1,570,470$2,886,974
62$3,789,110$1,945,055$1,577,095$3,079,380
63$4,128,165$1,992,929$1,582,493$3,288,848
64$4,500,310$2,041,654$1,586,579$3,517,060
65$4,908,872$2,091,225$1,589,260$3,765,875
66$5,357,517$2,141,636$1,590,440$4,037,336
67$5,850,285$2,192,877$1,590,021$4,333,697
68$6,391,623$2,244,937$1,587,896$4,657,440
69$6,986,433$2,297,804$1,583,955$5,011,299
70$7,640,114$2,351,461$1,578,082$5,398,288
71$8,358,614$2,405,891$1,570,156$5,821,727
72$9,148,486$2,461,073$1,560,050$6,285,273
73$10,016,950$2,516,983$1,547,630$6,792,959
74$10,971,959$2,573,596$1,532,756$7,349,225
75$12,022,278$2,630,881$1,515,282$7,958,966
76$13,177,561$2,688,805$1,495,055$8,627,576
77$14,448,448$2,747,332$1,471,914$9,360,998
78$15,846,658$2,806,419$1,445,692$10,165,781
79$17,385,106$2,866,023$1,416,211$11,049,144
80$19,078,021$2,926,093$1,383,289$12,019,039
81$20,941,083$2,986,575$1,346,733$13,084,233
82$22,991,565$3,047,409$1,306,340$14,254,385
83$25,248,504$3,108,531$1,261,901$15,540,141
84$27,732,871$3,169,869$1,213,195$16,953,230
85$30,467,779$3,231,347$1,159,992$18,506,584
86$33,478,690$3,292,881$1,102,050$20,214,448
87$36,793,666$3,354,382$1,039,117$22,092,526
88$40,443,623$3,415,750$970,932$24,158,122
89$44,462,632$3,476,881$897,217$26,430,307
90$48,888,234$3,537,661$817,687$28,930,099
91$53,761,794$3,597,967$732,040$31,680,660
92$59,128,897$3,657,668$639,963$34,707,517
93$65,039,772$3,716,620$541,129$38,038,802
94$71,549,767$3,774,673$435,196$41,705,521
95$78,719,874$3,831,663$321,805$45,741,840
96$86,617,300$3,887,414$200,585$50,185,418
97$95,316,107$3,941,739$71,146$55,077,753
98$104,897,902$3,994,436$0$60,464,582
99$115,452,617$4,045,292$0$66,405,602
100$127,079,348$4,094,076$0$72,958,206