Can I retire at age 51 with 1,420,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$117,262$116,218$115,199$114,204$113,233$110,227
2 years$58,051$56,969$55,922$54,906$53,920$50,913
3 years$38,316$37,230$36,185$35,179$34,209$31,295
4 years$28,451$27,368$26,333$25,344$24,398$21,599
5 years$22,533$21,457$20,436$19,467$18,547$15,870
6 years$18,589$17,521$16,515$15,568$14,676$12,124
7 years$15,773$14,714$13,724$12,799$11,935$9,509
8 years$13,662$12,613$11,639$10,737$9,902$7,600
9 years$12,021$10,982$10,025$9,145$8,339$6,159
10 years$10,709$9,680$8,740$7,883$7,105$5,045
11 years$9,636$8,617$7,694$6,861$6,110$4,166
12 years$8,743$7,735$6,829$6,018$5,295$3,464
13 years$7,988$6,990$6,101$5,313$4,617$2,895
14 years$7,341$6,354$5,482$4,716$4,048$2,430
15 years$6,781$5,804$4,949$4,206$3,564$2,047
16 years$6,291$5,325$4,487$3,766$3,150$1,730
17 years$5,860$4,904$4,083$3,384$2,793$1,465
18 years$5,476$4,532$3,727$3,049$2,483$1,243
19 years$5,134$4,200$3,412$2,755$2,213$1,057
20 years$4,826$3,903$3,132$2,496$1,977$900
21 years$4,548$3,635$2,880$2,265$1,769$767
22 years$4,295$3,393$2,655$2,059$1,586$655
23 years$4,065$3,174$2,451$1,875$1,424$559
24 years$3,855$2,974$2,267$1,711$1,280$478
25 years$3,661$2,791$2,100$1,562$1,151$409
26 years$3,483$2,623$1,947$1,428$1,037$350
27 years$3,318$2,468$1,808$1,307$935$299
28 years$3,165$2,326$1,681$1,198$844$256
29 years$3,023$2,194$1,564$1,098$762$220
30 years$2,891$2,072$1,457$1,008$688$188
31 years$2,767$1,959$1,358$926$622$161
32 years$2,651$1,854$1,267$851$563$138
33 years$2,543$1,755$1,183$782$509$119
34 years$2,441$1,664$1,106$720$461$102
35 years$2,346$1,578$1,034$663$418$87
36 years$2,255$1,498$967$610$379$75
37 years$2,170$1,422$905$562$343$64
38 years$2,090$1,352$848$518$311$55
39 years$2,014$1,285$794$478$282$47
40 years$1,941$1,223$744$441$256$41
41 years$1,873$1,164$698$407$232$35
42 years$1,808$1,109$655$375$211$30
43 years$1,746$1,056$614$347$191$26
44 years$1,687$1,007$577$320$173$22
45 years$1,631$960$541$295$158$19
46 years$1,578$916$509$273$143$16
47 years$1,527$874$478$252$130$14
48 years$1,478$835$449$233$118$12
49 years$1,431$797$422$215$107$10
50 years$1,386$761$397$199$97$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,420,000, adding $6,586 every year, while hoping to spend $43,765 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: 60/20/20 Blend
50$1,420,000$1,420,000$1,420,000$1,420,000
51$1,571,633$1,496,373$1,474,363$1,657,326
52$1,685,374$1,523,130$1,477,189$1,742,875
53$1,809,250$1,549,731$1,478,642$1,830,777
54$1,944,248$1,576,122$1,478,631$1,925,690
55$2,091,455$1,602,246$1,477,059$2,028,301
56$2,252,068$1,628,040$1,473,825$2,139,366
57$2,427,402$1,653,438$1,468,822$2,259,720
58$2,618,908$1,678,367$1,461,938$2,390,284
59$2,828,180$1,702,751$1,453,056$2,532,072
60$3,056,976$1,726,507$1,442,055$2,686,204
61$3,307,229$1,749,547$1,428,805$2,853,912
62$3,581,069$1,771,777$1,413,173$3,036,558
63$3,880,840$1,793,096$1,395,016$3,235,642
64$4,209,125$1,813,397$1,374,188$3,452,818
65$4,568,766$1,832,564$1,350,534$3,689,910
66$4,962,896$1,850,476$1,323,893$3,948,931
67$5,394,962$1,867,000$1,294,094$4,232,096
68$5,868,764$1,881,999$1,260,962$4,541,854
69$6,388,484$1,895,323$1,224,311$4,880,900
70$6,958,731$1,906,815$1,183,946$5,252,208
71$7,584,579$1,916,307$1,139,666$5,659,056
72$8,271,620$1,923,619$1,091,259$6,105,061
73$9,026,011$1,928,563$1,038,502$6,594,209
74$9,854,537$1,930,935$981,164$7,130,895
75$10,764,670$1,930,521$919,004$7,719,965
76$11,764,644$1,927,094$851,768$8,366,764
77$12,863,527$1,920,411$779,191$9,077,182
78$14,071,311$1,910,216$700,999$9,857,715
79$15,399,004$1,896,236$616,902$10,715,525
80$16,858,733$1,878,182$526,598$11,658,507
81$18,463,859$1,855,747$429,774$12,695,368
82$20,229,102$1,828,608$326,101$13,835,703
83$22,170,680$1,796,420$215,235$15,090,095
84$24,306,463$1,758,818$96,819$16,470,207
85$26,656,139$1,715,417$0$17,988,900
86$29,241,400$1,665,807$0$19,666,657
87$32,086,146$1,609,555$0$21,535,259
88$35,216,714$1,546,204$0$23,591,339
89$38,662,120$1,475,269$0$25,853,981
90$42,454,337$1,396,238$0$28,344,218
91$46,628,592$1,308,567$0$31,085,227
92$51,223,705$1,211,683$0$34,102,556
93$56,282,449$1,104,981$0$37,424,356
94$61,851,952$987,819$0$41,081,657
95$67,984,149$859,519$0$45,108,652
96$74,736,263$719,367$0$49,543,028
97$82,171,352$566,606$0$54,426,319
98$90,358,898$400,438$0$59,804,298
99$99,375,465$220,018$0$65,727,412
100$109,305,419$24,457$0$72,251,256