Can I retire at age 51 with 1,430,000?

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 $1,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$118,088$117,036$116,010$115,008$114,030$113,502
2 years$58,459$57,371$56,316$55,292$54,300$53,767
3 years$38,586$37,492$36,440$35,426$34,450$33,929
4 years$28,651$27,561$26,519$25,523$24,570$24,064
5 years$22,692$21,608$20,580$19,604$18,678$18,189
6 years$18,720$17,645$16,631$15,677$14,779$14,308
7 years$15,884$14,818$13,821$12,889$12,019$11,566
8 years$13,758$12,702$11,721$10,812$9,971$9,536
9 years$12,106$11,059$10,095$9,210$8,397$7,980
10 years$10,785$9,748$8,801$7,939$7,155$6,755
11 years$9,704$8,678$7,749$6,909$6,153$5,771
12 years$8,805$7,789$6,877$6,060$5,332$4,967
13 years$8,044$7,039$6,144$5,350$4,650$4,301
14 years$7,393$6,398$5,520$4,749$4,076$3,744
15 years$6,828$5,845$4,984$4,236$3,589$3,273
16 years$6,335$5,363$4,519$3,793$3,172$2,871
17 years$5,901$4,939$4,112$3,408$2,812$2,527
18 years$5,515$4,564$3,754$3,071$2,501$2,230
19 years$5,170$4,230$3,436$2,775$2,229$1,972
20 years$4,860$3,930$3,154$2,513$1,991$1,748
21 years$4,580$3,661$2,901$2,281$1,782$1,552
22 years$4,326$3,417$2,674$2,074$1,597$1,380
23 years$4,094$3,196$2,469$1,889$1,434$1,228
24 years$3,882$2,995$2,283$1,723$1,289$1,095
25 years$3,687$2,810$2,114$1,573$1,159$977
26 years$3,507$2,641$1,961$1,438$1,044$873
27 years$3,341$2,486$1,821$1,317$942$780
28 years$3,187$2,342$1,693$1,206$850$698
29 years$3,044$2,210$1,575$1,106$767$625
30 years$2,911$2,087$1,467$1,015$693$559
31 years$2,786$1,973$1,368$932$627$501
32 years$2,670$1,867$1,276$857$567$449
33 years$2,561$1,768$1,192$788$513$403
34 years$2,458$1,675$1,114$725$465$362
35 years$2,362$1,589$1,041$667$421$325
36 years$2,271$1,508$974$615$381$291
37 years$2,185$1,432$912$566$346$262
38 years$2,104$1,361$854$522$313$235
39 years$2,028$1,295$800$481$284$211
40 years$1,955$1,232$750$444$258$190
41 years$1,886$1,172$703$410$234$171
42 years$1,821$1,117$659$378$212$153
43 years$1,758$1,064$619$349$192$138
44 years$1,699$1,014$581$322$175$124
45 years$1,643$967$545$298$159$111
46 years$1,589$922$512$275$144$100
47 years$1,537$880$481$254$131$90
48 years$1,488$840$452$235$119$81
49 years$1,441$803$425$217$108$73
50 years$1,396$767$400$200$98$66

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,430,000, adding $6,563 every year, while hoping to spend $39,281 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: 51/43/6 Blend
50$1,430,000$1,430,000$1,430,000$1,430,000
51$1,582,630$1,506,840$1,484,675$1,660,716
52$1,702,263$1,538,880$1,492,617$1,746,545
53$1,832,783$1,571,174$1,499,508$1,834,992
54$1,975,258$1,603,692$1,505,272$1,930,193
55$2,130,864$1,636,403$1,509,829$2,032,790
56$2,300,897$1,669,272$1,513,093$2,143,489
57$2,486,783$1,702,261$1,514,977$2,263,070
58$2,690,092$1,735,329$1,515,386$2,392,391
59$2,912,553$1,768,432$1,514,223$2,532,397
60$3,156,070$1,801,521$1,511,385$2,684,130
61$3,422,737$1,834,544$1,506,765$2,848,738
62$3,714,864$1,867,445$1,500,250$3,027,487
63$4,034,993$1,900,162$1,491,721$3,221,770
64$4,385,924$1,932,631$1,481,054$3,433,123
65$4,770,739$1,964,781$1,468,121$3,663,240
66$5,192,835$1,996,536$1,452,783$3,913,987
67$5,655,952$2,027,815$1,434,900$4,187,421
68$6,164,211$2,058,529$1,414,321$4,485,808
69$6,722,150$2,088,587$1,390,890$4,811,649
70$7,334,769$2,117,886$1,364,444$5,167,696
71$8,007,573$2,146,321$1,334,811$5,556,987
72$8,746,631$2,173,776$1,301,812$5,982,868
73$9,558,624$2,200,127$1,265,259$6,449,028
74$10,450,915$2,225,245$1,224,957$6,959,534
75$11,431,615$2,248,989$1,180,700$7,518,869
76$12,509,660$2,271,210$1,132,274$8,131,974
77$13,694,895$2,291,748$1,079,454$8,804,296
78$14,998,164$2,310,434$1,022,006$9,541,841
79$16,431,419$2,327,087$959,685$10,351,227
80$18,007,823$2,341,514$892,234$11,239,751
81$19,741,884$2,353,511$819,387$12,215,457
82$21,649,582$2,362,859$740,862$13,287,213
83$23,748,528$2,369,328$656,369$14,464,791
84$26,058,122$2,372,670$565,603$15,758,967
85$28,599,744$2,372,624$468,243$17,181,618
86$31,396,947$2,368,911$363,959$18,745,836
87$34,475,686$2,361,238$252,402$20,466,054
88$37,864,558$2,349,291$133,209$22,358,181
89$41,595,074$2,332,738$6,003$24,439,752
90$45,701,956$2,311,226$0$26,730,100
91$50,223,461$2,284,381$0$29,258,839
92$55,201,746$2,251,809$0$32,042,100
93$60,683,265$2,213,088$0$35,105,417
94$66,719,203$2,167,774$0$38,477,357
95$73,365,964$2,115,397$0$42,189,407
96$80,685,698$2,055,457$0$46,276,273
97$88,746,892$1,987,428$0$50,776,206
98$97,625,013$1,910,749$0$55,731,370
99$107,403,218$1,824,830$0$61,188,233
100$118,173,145$1,729,045$0$67,198,016