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%14.3%
1 years$117,262$116,218$115,199$114,204$113,233$111,220
2 years$58,051$56,969$55,922$54,906$53,920$51,899
3 years$38,316$37,230$36,185$35,179$34,209$32,243
4 years$28,451$27,368$26,333$25,344$24,398$22,502
5 years$22,533$21,457$20,436$19,467$18,547$16,726
6 years$18,589$17,521$16,515$15,568$14,676$12,932
7 years$15,773$14,714$13,724$12,799$11,935$10,269
8 years$13,662$12,613$11,639$10,737$9,902$8,313
9 years$12,021$10,982$10,025$9,145$8,339$6,827
10 years$10,709$9,680$8,740$7,883$7,105$5,668
11 years$9,636$8,617$7,694$6,861$6,110$4,747
12 years$8,743$7,735$6,829$6,018$5,295$4,004
13 years$7,988$6,990$6,101$5,313$4,617$3,396
14 years$7,341$6,354$5,482$4,716$4,048$2,894
15 years$6,781$5,804$4,949$4,206$3,564$2,475
16 years$6,291$5,325$4,487$3,766$3,150$2,124
17 years$5,860$4,904$4,083$3,384$2,793$1,828
18 years$5,476$4,532$3,727$3,049$2,483$1,577
19 years$5,134$4,200$3,412$2,755$2,213$1,362
20 years$4,826$3,903$3,132$2,496$1,977$1,179
21 years$4,548$3,635$2,880$2,265$1,769$1,022
22 years$4,295$3,393$2,655$2,059$1,586$887
23 years$4,065$3,174$2,451$1,875$1,424$771
24 years$3,855$2,974$2,267$1,711$1,280$670
25 years$3,661$2,791$2,100$1,562$1,151$583
26 years$3,483$2,623$1,947$1,428$1,037$508
27 years$3,318$2,468$1,808$1,307$935$443
28 years$3,165$2,326$1,681$1,198$844$386
29 years$3,023$2,194$1,564$1,098$762$337
30 years$2,891$2,072$1,457$1,008$688$294
31 years$2,767$1,959$1,358$926$622$256
32 years$2,651$1,854$1,267$851$563$224
33 years$2,543$1,755$1,183$782$509$196
34 years$2,441$1,664$1,106$720$461$171
35 years$2,346$1,578$1,034$663$418$149
36 years$2,255$1,498$967$610$379$130
37 years$2,170$1,422$905$562$343$114
38 years$2,090$1,352$848$518$311$100
39 years$2,014$1,285$794$478$282$87
40 years$1,941$1,223$744$441$256$76
41 years$1,873$1,164$698$407$232$67
42 years$1,808$1,109$655$375$211$58
43 years$1,746$1,056$614$347$191$51
44 years$1,687$1,007$577$320$173$45
45 years$1,631$960$541$295$158$39
46 years$1,578$916$509$273$143$34
47 years$1,527$874$478$252$130$30
48 years$1,478$835$449$233$118$26
49 years$1,431$797$422$215$107$23
50 years$1,386$761$397$199$97$20

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 $2,145 every year, while hoping to spend $32,080 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: 66/17/17 Blend
50$1,420,000$1,420,000$1,420,000$1,420,000
51$1,567,053$1,491,793$1,469,783$1,663,834
52$1,692,759$1,530,758$1,484,887$1,767,821
53$1,830,212$1,570,557$1,499,423$1,877,533
54$1,980,577$1,611,197$1,513,337$1,996,678
55$2,145,135$1,652,684$1,526,572$2,126,181
56$2,325,297$1,695,025$1,539,071$2,267,059
57$2,522,619$1,738,223$1,550,772$2,420,434
58$2,738,813$1,782,282$1,561,609$2,587,539
59$2,975,763$1,827,205$1,571,514$2,769,734
60$3,235,546$1,872,993$1,580,415$2,968,517
61$3,520,448$1,919,647$1,588,236$3,185,539
62$3,832,990$1,967,165$1,594,898$3,422,617
63$4,175,945$2,015,546$1,600,316$3,681,753
64$4,552,368$2,064,785$1,604,404$3,965,156
65$4,965,627$2,114,877$1,607,069$4,275,256
66$5,419,430$2,165,814$1,608,215$4,614,731
67$5,917,860$2,217,588$1,607,738$4,986,533
68$6,465,418$2,270,186$1,605,534$5,393,915
69$7,067,061$2,323,595$1,601,490$5,840,460
70$7,728,251$2,377,800$1,595,488$6,330,116
71$8,455,002$2,432,782$1,587,407$6,867,235
72$9,253,944$2,488,520$1,577,117$7,456,611
73$10,132,378$2,544,990$1,564,483$8,103,527
74$11,098,351$2,602,165$1,549,363$8,813,805
75$12,160,726$2,660,014$1,531,610$9,593,862
76$13,329,269$2,718,503$1,511,067$10,450,766
77$14,614,739$2,777,595$1,487,573$11,392,309
78$16,028,994$2,837,248$1,460,958$12,427,076
79$17,585,094$2,897,416$1,431,043$13,564,528
80$19,297,432$2,958,048$1,397,641$14,815,092
81$21,181,866$3,019,089$1,360,559$16,190,258
82$23,255,870$3,080,478$1,319,591$17,702,687
83$25,538,696$3,142,149$1,274,524$19,366,333
84$28,051,558$3,204,029$1,225,136$21,196,575
85$30,817,832$3,266,041$1,171,193$23,210,358
86$33,863,273$3,328,099$1,112,450$25,426,358
87$37,216,263$3,390,112$1,048,653$27,865,155
88$40,908,074$3,451,980$979,536$30,549,432
89$44,973,167$3,513,596$904,819$33,504,183
90$49,449,511$3,574,844$824,212$36,756,953
91$54,378,949$3,635,599$737,411$40,338,100
92$59,807,586$3,695,727$644,098$44,281,077
93$65,786,226$3,755,084$543,941$48,622,752
94$72,370,852$3,813,514$436,595$53,403,754
95$79,623,155$3,870,853$321,697$58,668,859
96$87,611,113$3,926,921$198,870$64,467,411
97$96,409,634$3,981,527$67,719$70,853,789
98$106,101,264$4,034,469$0$77,887,922
99$116,776,961$4,085,526$0$85,648,957
100$128,536,961$4,134,467$0$94,210,532