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%17.1%
1 years$118,088$117,036$116,010$115,008$114,030$110,735
2 years$58,459$57,371$56,316$55,292$54,300$51,006
3 years$38,586$37,492$36,440$35,426$34,450$31,261
4 years$28,651$27,561$26,519$25,523$24,570$21,510
5 years$22,692$21,608$20,580$19,604$18,678$15,756
6 years$18,720$17,645$16,631$15,677$14,779$11,997
7 years$15,884$14,818$13,821$12,889$12,019$9,378
8 years$13,758$12,702$11,721$10,812$9,971$7,468
9 years$12,106$11,059$10,095$9,210$8,397$6,030
10 years$10,785$9,748$8,801$7,939$7,155$4,921
11 years$9,704$8,678$7,749$6,909$6,153$4,049
12 years$8,805$7,789$6,877$6,060$5,332$3,353
13 years$8,044$7,039$6,144$5,350$4,650$2,791
14 years$7,393$6,398$5,520$4,749$4,076$2,333
15 years$6,828$5,845$4,984$4,236$3,589$1,957
16 years$6,335$5,363$4,519$3,793$3,172$1,647
17 years$5,901$4,939$4,112$3,408$2,812$1,389
18 years$5,515$4,564$3,754$3,071$2,501$1,173
19 years$5,170$4,230$3,436$2,775$2,229$993
20 years$4,860$3,930$3,154$2,513$1,991$841
21 years$4,580$3,661$2,901$2,281$1,782$714
22 years$4,326$3,417$2,674$2,074$1,597$606
23 years$4,094$3,196$2,469$1,889$1,434$515
24 years$3,882$2,995$2,283$1,723$1,289$438
25 years$3,687$2,810$2,114$1,573$1,159$373
26 years$3,507$2,641$1,961$1,438$1,044$318
27 years$3,341$2,486$1,821$1,317$942$271
28 years$3,187$2,342$1,693$1,206$850$231
29 years$3,044$2,210$1,575$1,106$767$197
30 years$2,911$2,087$1,467$1,015$693$168
31 years$2,786$1,973$1,368$932$627$143
32 years$2,670$1,867$1,276$857$567$122
33 years$2,561$1,768$1,192$788$513$104
34 years$2,458$1,675$1,114$725$465$89
35 years$2,362$1,589$1,041$667$421$76
36 years$2,271$1,508$974$615$381$65
37 years$2,185$1,432$912$566$346$55
38 years$2,104$1,361$854$522$313$47
39 years$2,028$1,295$800$481$284$40
40 years$1,955$1,232$750$444$258$34
41 years$1,886$1,172$703$410$234$29
42 years$1,821$1,117$659$378$212$25
43 years$1,758$1,064$619$349$192$21
44 years$1,699$1,014$581$322$175$18
45 years$1,643$967$545$298$159$16
46 years$1,589$922$512$275$144$13
47 years$1,537$880$481$254$131$11
48 years$1,488$840$452$235$119$10
49 years$1,441$803$425$217$108$8
50 years$1,396$767$400$200$98$7

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 $4,991 every year, while hoping to spend $41,440 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: 27/46/27 Blend
50$1,430,000$1,430,000$1,430,000$1,430,000
51$1,581,008$1,505,218$1,483,053$1,610,275
52$1,698,179$1,534,882$1,488,644$1,663,924
53$1,825,913$1,564,611$1,493,032$1,717,582
54$1,965,242$1,594,363$1,496,136$1,774,345
55$2,117,306$1,624,096$1,497,865$1,834,507
56$2,283,356$1,653,761$1,498,128$1,898,392
57$2,464,770$1,683,307$1,496,828$1,966,357
58$2,663,067$1,712,680$1,493,862$2,038,800
59$2,879,917$1,741,819$1,489,123$2,116,159
60$3,117,161$1,770,659$1,482,501$2,198,919
61$3,376,823$1,799,133$1,473,876$2,287,618
62$3,661,134$1,827,167$1,463,127$2,382,848
63$3,972,552$1,854,679$1,450,123$2,485,267
64$4,313,780$1,881,587$1,434,730$2,595,600
65$4,687,799$1,907,798$1,416,807$2,714,651
66$5,097,889$1,933,214$1,396,204$2,843,307
67$5,547,664$1,957,732$1,372,768$2,982,551
68$6,041,104$1,981,240$1,346,334$3,133,467
69$6,582,594$2,003,618$1,316,734$3,297,256
70$7,176,963$2,024,740$1,283,789$3,475,242
71$7,829,531$2,044,469$1,247,313$3,668,892
72$8,546,156$2,062,661$1,207,111$3,879,826
73$9,333,295$2,079,162$1,162,980$4,109,832
74$10,198,058$2,093,808$1,114,707$4,360,888
75$11,148,279$2,106,424$1,062,069$4,635,178
76$12,192,588$2,116,823$1,004,833$4,935,116
77$13,340,493$2,124,809$942,756$5,263,367
78$14,602,469$2,130,170$875,583$5,622,877
79$15,990,055$2,132,682$803,049$6,016,895
80$17,515,966$2,132,109$724,877$6,449,015
81$19,194,211$2,128,199$640,776$6,923,200
82$21,040,222$2,120,682$550,444$7,443,830
83$23,071,005$2,109,275$453,564$8,015,740
84$25,305,294$2,093,677$349,806$8,644,265
85$27,763,735$2,073,568$238,825$9,335,299
86$30,469,071$2,048,608$120,261$10,095,344
87$33,446,365$2,018,439$0$10,931,581
88$36,723,231$1,982,679$0$11,853,737
89$40,330,095$1,940,924$0$12,905,842
90$44,300,483$1,892,748$0$14,062,982
91$48,671,338$1,837,699$0$15,335,930
92$53,483,365$1,775,296$0$16,736,565
93$58,781,416$1,705,033$0$18,277,986
94$64,614,914$1,626,374$0$19,974,640
95$71,038,320$1,538,751$0$21,842,455
96$78,111,644$1,441,565$0$23,898,996
97$85,901,009$1,334,179$0$26,163,631
98$94,479,282$1,215,924$0$28,657,714
99$103,926,755$1,086,091$0$31,404,793
100$114,331,904$943,928$0$34,430,830