Can I retire at age 51 with 1,410,000?

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 $1,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$116,436$115,399$114,387$113,400$112,435$108,967
2 years$57,642$56,568$55,528$54,519$53,541$50,077
3 years$38,046$36,968$35,930$34,931$33,968$30,618
4 years$28,250$27,175$26,148$25,166$24,227$21,014
5 years$22,374$21,306$20,292$19,330$18,417$15,352
6 years$18,458$17,398$16,399$15,458$14,572$11,658
7 years$15,662$14,611$13,628$12,709$11,851$9,086
8 years$13,566$12,524$11,557$10,661$9,832$7,215
9 years$11,937$10,904$9,954$9,081$8,280$5,808
10 years$10,634$9,612$8,678$7,828$7,055$4,725
11 years$9,569$8,557$7,640$6,813$6,067$3,875
12 years$8,681$7,680$6,781$5,976$5,258$3,198
13 years$7,931$6,941$6,058$5,276$4,585$2,653
14 years$7,289$6,309$5,443$4,683$4,019$2,210
15 years$6,733$5,763$4,914$4,176$3,539$1,848
16 years$6,247$5,288$4,456$3,740$3,128$1,549
17 years$5,818$4,870$4,054$3,360$2,773$1,301
18 years$5,438$4,500$3,701$3,028$2,466$1,095
19 years$5,098$4,170$3,388$2,736$2,198$924
20 years$4,792$3,875$3,110$2,478$1,963$780
21 years$4,516$3,610$2,860$2,249$1,757$659
22 years$4,265$3,370$2,636$2,045$1,575$558
23 years$4,037$3,151$2,434$1,862$1,414$472
24 years$3,827$2,953$2,251$1,698$1,270$400
25 years$3,635$2,771$2,085$1,551$1,143$339
26 years$3,458$2,604$1,934$1,418$1,030$288
27 years$3,294$2,451$1,796$1,298$928$244
28 years$3,143$2,309$1,669$1,189$838$207
29 years$3,002$2,179$1,553$1,091$756$176
30 years$2,870$2,058$1,447$1,001$684$149
31 years$2,747$1,945$1,349$919$618$127
32 years$2,633$1,840$1,259$845$559$108
33 years$2,525$1,743$1,175$777$506$92
34 years$2,424$1,652$1,098$715$458$78
35 years$2,329$1,567$1,026$658$415$66
36 years$2,239$1,487$960$606$376$56
37 years$2,155$1,412$899$558$341$48
38 years$2,075$1,342$842$515$309$41
39 years$1,999$1,276$789$475$280$34
40 years$1,928$1,214$739$438$254$29
41 years$1,860$1,156$693$404$230$25
42 years$1,795$1,101$650$373$209$21
43 years$1,734$1,049$610$344$190$18
44 years$1,675$1,000$573$318$172$15
45 years$1,620$953$538$293$156$13
46 years$1,566$910$505$271$142$11
47 years$1,516$868$474$250$129$9
48 years$1,467$829$446$231$117$8
49 years$1,421$791$419$214$106$7
50 years$1,377$756$394$198$97$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,410,000, adding $5,002 every year, while hoping to spend $27,738 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: 24/48/28 Blend
50$1,410,000$1,410,000$1,410,000$1,410,000
51$1,558,980$1,484,250$1,462,395$1,582,560
52$1,688,482$1,527,465$1,481,872$1,646,196
53$1,830,265$1,571,868$1,501,072$1,711,662
54$1,985,550$1,617,488$1,519,956$1,781,223
55$2,155,686$1,664,354$1,538,484$1,855,236
56$2,342,155$1,712,496$1,556,612$1,934,099
57$2,546,591$1,761,945$1,574,295$2,018,244
58$2,770,794$1,812,731$1,591,485$2,108,150
59$3,016,746$1,864,886$1,608,130$2,204,341
60$3,286,630$1,918,441$1,624,179$2,307,397
61$3,582,851$1,973,430$1,639,573$2,417,952
62$3,908,057$2,029,883$1,654,255$2,536,707
63$4,265,167$2,087,835$1,668,160$2,664,432
64$4,657,394$2,147,319$1,681,224$2,801,975
65$5,088,280$2,208,370$1,693,376$2,950,270
66$5,561,725$2,271,020$1,704,544$3,110,344
67$6,082,025$2,335,305$1,714,651$3,283,329
68$6,653,917$2,401,259$1,723,617$3,470,472
69$7,282,614$2,468,919$1,731,356$3,673,144
70$7,973,863$2,538,318$1,737,779$3,892,859
71$8,733,995$2,609,494$1,742,792$4,131,281
72$9,569,984$2,682,481$1,746,298$4,390,245
73$10,489,516$2,757,316$1,748,192$4,671,771
74$11,501,057$2,834,034$1,748,367$4,978,085
75$12,613,936$2,912,673$1,746,708$5,311,641
76$13,838,431$2,993,268$1,743,096$5,675,140
77$15,185,868$3,075,855$1,737,407$6,071,560
78$16,668,724$3,160,470$1,729,508$6,504,182
79$18,300,750$3,247,149$1,719,262$6,976,619
80$20,097,095$3,335,927$1,706,526$7,492,856
81$22,074,451$3,426,840$1,691,147$8,057,280
82$24,251,213$3,519,923$1,672,968$8,674,730
83$26,647,646$3,615,209$1,651,823$9,350,533
84$29,286,085$3,712,733$1,627,538$10,090,565
85$32,191,136$3,812,528$1,599,931$10,901,296
86$35,389,916$3,914,625$1,568,812$11,789,861
87$38,912,302$4,019,057$1,533,982$12,764,119
88$42,791,220$4,125,853$1,495,233$13,832,734
89$47,062,947$4,235,043$1,452,346$15,005,252
90$51,767,462$4,346,654$1,405,094$16,292,195
91$56,948,816$4,460,714$1,353,238$17,705,158
92$62,655,553$4,577,246$1,296,529$19,256,920
93$68,941,162$4,696,273$1,234,705$20,961,565
94$75,864,588$4,817,818$1,167,495$22,834,613
95$83,490,783$4,941,898$1,094,613$24,893,172
96$91,891,322$5,068,530$1,015,762$27,156,093
97$101,145,077$5,197,729$930,630$29,644,154
98$111,338,962$5,329,504$838,893$32,380,252
99$122,568,751$5,463,865$740,211$35,389,626
100$134,939,985$5,600,816$634,230$38,700,087