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

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 $1,420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$117,262$116,218$115,199$114,204$113,233$111,128
2 years$58,051$56,969$55,922$54,906$53,920$51,808
3 years$38,316$37,230$36,185$35,179$34,209$32,155
4 years$28,451$27,368$26,333$25,344$24,398$22,418
5 years$22,533$21,457$20,436$19,467$18,547$16,646
6 years$18,589$17,521$16,515$15,568$14,676$12,856
7 years$15,773$14,714$13,724$12,799$11,935$10,198
8 years$13,662$12,613$11,639$10,737$9,902$8,246
9 years$12,021$10,982$10,025$9,145$8,339$6,763
10 years$10,709$9,680$8,740$7,883$7,105$5,609
11 years$9,636$8,617$7,694$6,861$6,110$4,691
12 years$8,743$7,735$6,829$6,018$5,295$3,952
13 years$7,988$6,990$6,101$5,313$4,617$3,347
14 years$7,341$6,354$5,482$4,716$4,048$2,848
15 years$6,781$5,804$4,949$4,206$3,564$2,433
16 years$6,291$5,325$4,487$3,766$3,150$2,085
17 years$5,860$4,904$4,083$3,384$2,793$1,792
18 years$5,476$4,532$3,727$3,049$2,483$1,543
19 years$5,134$4,200$3,412$2,755$2,213$1,332
20 years$4,826$3,903$3,132$2,496$1,977$1,151
21 years$4,548$3,635$2,880$2,265$1,769$996
22 years$4,295$3,393$2,655$2,059$1,586$863
23 years$4,065$3,174$2,451$1,875$1,424$749
24 years$3,855$2,974$2,267$1,711$1,280$650
25 years$3,661$2,791$2,100$1,562$1,151$565
26 years$3,483$2,623$1,947$1,428$1,037$491
27 years$3,318$2,468$1,808$1,307$935$427
28 years$3,165$2,326$1,681$1,198$844$372
29 years$3,023$2,194$1,564$1,098$762$324
30 years$2,891$2,072$1,457$1,008$688$282
31 years$2,767$1,959$1,358$926$622$246
32 years$2,651$1,854$1,267$851$563$214
33 years$2,543$1,755$1,183$782$509$187
34 years$2,441$1,664$1,106$720$461$163
35 years$2,346$1,578$1,034$663$418$142
36 years$2,255$1,498$967$610$379$124
37 years$2,170$1,422$905$562$343$108
38 years$2,090$1,352$848$518$311$94
39 years$2,014$1,285$794$478$282$82
40 years$1,941$1,223$744$441$256$72
41 years$1,873$1,164$698$407$232$63
42 years$1,808$1,109$655$375$211$55
43 years$1,746$1,056$614$347$191$48
44 years$1,687$1,007$577$320$173$42
45 years$1,631$960$541$295$158$36
46 years$1,578$916$509$273$143$32
47 years$1,527$874$478$252$130$28
48 years$1,478$835$449$233$118$24
49 years$1,431$797$422$215$107$21
50 years$1,386$761$397$199$97$19

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 $2,099 every year, while hoping to spend $42,505 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: 49/34/17 Blend
50$1,420,000$1,420,000$1,420,000$1,420,000
51$1,567,005$1,491,745$1,469,735$1,636,266
52$1,681,615$1,519,616$1,473,746$1,712,226
53$1,806,490$1,547,427$1,476,467$1,790,156
54$1,942,633$1,575,132$1,477,810$1,873,894
55$2,091,146$1,602,679$1,477,682$1,964,000
56$2,253,245$1,630,012$1,475,986$2,061,094
57$2,430,265$1,657,071$1,472,620$2,165,858
58$2,623,678$1,683,793$1,467,478$2,279,044
59$2,835,102$1,710,109$1,460,448$2,401,484
60$3,066,322$1,735,943$1,451,413$2,534,093
61$3,319,301$1,761,218$1,440,249$2,677,881
62$3,596,200$1,785,848$1,426,828$2,833,964
63$3,899,400$1,809,743$1,411,014$3,003,570
64$4,231,523$1,832,804$1,392,667$3,188,057
65$4,595,455$1,854,929$1,371,639$3,388,919
66$4,994,377$1,876,006$1,347,774$3,607,807
67$5,431,789$1,895,916$1,320,910$3,846,541
68$5,911,549$1,914,533$1,290,878$4,107,130
69$6,437,905$1,931,723$1,257,500$4,391,787
70$7,015,535$1,947,342$1,220,591$4,702,956
71$7,649,594$1,961,236$1,179,955$5,043,332
72$8,345,759$1,973,243$1,135,390$5,415,885
73$9,110,284$1,983,189$1,086,683$5,823,895
74$9,950,058$1,990,890$1,033,612$6,270,976
75$10,872,671$1,996,150$975,944$6,761,116
76$11,886,482$1,998,761$913,438$7,298,714
77$13,000,704$1,998,501$845,838$7,888,618
78$14,225,483$1,995,135$772,881$8,536,179
79$15,571,999$1,988,413$694,289$9,247,296
80$17,052,568$1,978,070$609,773$10,028,474
81$18,680,760$1,963,826$519,031$10,886,888
82$20,471,526$1,945,382$421,747$11,830,448
83$22,441,338$1,922,422$317,592$12,867,880
84$24,608,345$1,894,611$206,222$14,008,804
85$26,992,544$1,861,594$87,277$15,263,828
86$29,615,966$1,822,995$0$16,644,649
87$32,502,888$1,778,415$0$18,171,358
88$35,680,058$1,727,433$0$19,868,347
89$39,176,948$1,669,602$0$21,735,523
90$43,026,034$1,604,449$0$23,790,250
91$47,263,096$1,531,474$0$26,051,674
92$51,927,564$1,450,149$0$28,540,894
93$57,062,882$1,359,912$0$31,281,170
94$62,716,922$1,260,174$0$34,298,140
95$68,942,433$1,150,307$0$37,620,065
96$75,797,540$1,029,651$0$41,278,094
97$83,346,292$897,507$0$45,306,562
98$91,659,264$753,136$0$49,743,315
99$100,814,227$595,758$0$54,630,069
100$110,896,877$424,548$0$60,012,801