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%14%
1 years$116,436$115,399$114,387$113,400$112,435$110,573
2 years$57,642$56,568$55,528$54,519$53,541$51,669
3 years$38,046$36,968$35,930$34,931$33,968$32,147
4 years$28,250$27,175$26,148$25,166$24,227$22,469
5 years$22,374$21,306$20,292$19,330$18,417$16,728
6 years$18,458$17,398$16,399$15,458$14,572$12,954
7 years$15,662$14,611$13,628$12,709$11,851$10,305
8 years$13,566$12,524$11,557$10,661$9,832$8,356
9 years$11,937$10,904$9,954$9,081$8,280$6,874
10 years$10,634$9,612$8,678$7,828$7,055$5,718
11 years$9,569$8,557$7,640$6,813$6,067$4,798
12 years$8,681$7,680$6,781$5,976$5,258$4,055
13 years$7,931$6,941$6,058$5,276$4,585$3,446
14 years$7,289$6,309$5,443$4,683$4,019$2,942
15 years$6,733$5,763$4,914$4,176$3,539$2,522
16 years$6,247$5,288$4,456$3,740$3,128$2,169
17 years$5,818$4,870$4,054$3,360$2,773$1,870
18 years$5,438$4,500$3,701$3,028$2,466$1,617
19 years$5,098$4,170$3,388$2,736$2,198$1,400
20 years$4,792$3,875$3,110$2,478$1,963$1,215
21 years$4,516$3,610$2,860$2,249$1,757$1,055
22 years$4,265$3,370$2,636$2,045$1,575$918
23 years$4,037$3,151$2,434$1,862$1,414$800
24 years$3,827$2,953$2,251$1,698$1,270$697
25 years$3,635$2,771$2,085$1,551$1,143$608
26 years$3,458$2,604$1,934$1,418$1,030$531
27 years$3,294$2,451$1,796$1,298$928$464
28 years$3,143$2,309$1,669$1,189$838$405
29 years$3,002$2,179$1,553$1,091$756$354
30 years$2,870$2,058$1,447$1,001$684$310
31 years$2,747$1,945$1,349$919$618$271
32 years$2,633$1,840$1,259$845$559$237
33 years$2,525$1,743$1,175$777$506$208
34 years$2,424$1,652$1,098$715$458$182
35 years$2,329$1,567$1,026$658$415$159
36 years$2,239$1,487$960$606$376$140
37 years$2,155$1,412$899$558$341$122
38 years$2,075$1,342$842$515$309$107
39 years$1,999$1,276$789$475$280$94
40 years$1,928$1,214$739$438$254$82
41 years$1,860$1,156$693$404$230$72
42 years$1,795$1,101$650$373$209$63
43 years$1,734$1,049$610$344$190$56
44 years$1,675$1,000$573$318$172$49
45 years$1,620$953$538$293$156$43
46 years$1,566$910$505$271$142$37
47 years$1,516$868$474$250$129$33
48 years$1,467$829$446$231$117$29
49 years$1,421$791$419$214$106$25
50 years$1,377$756$394$198$97$22

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 $3,532 every year, while hoping to spend $41,319 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: 37/33/30 Blend
50$1,410,000$1,410,000$1,410,000$1,410,000
51$1,557,463$1,482,733$1,460,878$1,601,030
52$1,672,361$1,511,424$1,465,855$1,662,398
53$1,797,594$1,540,136$1,469,613$1,724,654
54$1,934,173$1,568,826$1,472,068$1,791,127
55$2,083,208$1,597,449$1,473,133$1,862,227
56$2,245,926$1,625,954$1,472,713$1,938,408
57$2,423,673$1,654,288$1,470,712$2,020,171
58$2,617,933$1,682,394$1,467,026$2,108,069
59$2,830,339$1,710,209$1,461,548$2,202,712
60$3,062,691$1,737,666$1,454,167$2,304,777
61$3,316,967$1,764,693$1,444,764$2,415,010
62$3,595,349$1,791,214$1,433,214$2,534,235
63$3,900,237$1,817,146$1,419,390$2,663,361
64$4,234,276$1,842,402$1,403,154$2,803,396
65$4,600,378$1,866,885$1,384,366$2,955,449
66$5,001,750$1,890,495$1,362,875$3,120,747
67$5,441,924$1,913,125$1,338,527$3,300,644
68$5,924,790$1,934,658$1,311,158$3,496,638
69$6,454,635$1,954,972$1,280,597$3,710,379
70$7,036,177$1,973,935$1,246,666$3,943,691
71$7,674,616$1,991,407$1,209,179$4,198,588
72$8,375,680$2,007,239$1,167,939$4,477,294
73$9,145,677$2,021,272$1,122,743$4,782,261
74$9,991,557$2,033,336$1,073,376$5,116,201
75$10,920,978$2,043,251$1,019,616$5,482,102
76$11,942,373$2,050,826$961,229$5,883,266
77$13,065,036$2,055,857$897,971$6,323,335
78$14,299,203$2,058,127$829,586$6,806,330
79$15,656,154$2,057,407$755,809$7,336,688
80$17,148,314$2,053,453$676,361$7,919,304
81$18,789,374$2,046,004$590,952$8,559,581
82$20,594,418$2,034,787$499,277$9,263,481
83$22,580,066$2,019,508$401,019$10,037,579
84$24,764,627$1,999,859$295,848$10,889,134
85$27,168,278$1,975,510$183,418$11,826,150
86$29,813,247$1,946,115$63,368$12,857,459
87$32,724,028$1,911,305$0$13,992,803
88$35,927,609$1,870,688$0$15,263,657
89$39,453,725$1,823,852$0$16,684,141
90$43,335,142$1,770,358$0$18,247,158
91$47,607,963$1,709,743$0$19,967,268
92$52,311,971$1,641,515$0$21,860,519
93$57,490,999$1,565,156$0$23,944,605
94$63,193,349$1,480,117$0$26,239,027
95$69,472,244$1,385,816$0$28,765,286
96$76,386,331$1,281,639$0$31,547,080
97$84,000,234$1,166,938$0$34,610,533
98$92,385,165$1,041,024$0$37,984,441
99$101,619,591$903,173$0$41,700,547
100$111,789,979$752,619$0$45,793,839