Can I retire at age 51 with 1,440,000?

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 $1,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$118,914$117,855$116,821$115,813$114,828$112,463
2 years$58,868$57,772$56,709$55,679$54,680$52,308
3 years$38,856$37,755$36,695$35,674$34,691$32,387
4 years$28,851$27,754$26,704$25,701$24,742$22,522
5 years$22,850$21,759$20,724$19,741$18,808$16,680
6 years$18,851$17,768$16,748$15,787$14,883$12,847
7 years$15,995$14,922$13,917$12,979$12,103$10,162
8 years$13,855$12,791$11,803$10,888$10,041$8,193
9 years$12,191$11,136$10,166$9,274$8,456$6,700
10 years$10,860$9,816$8,863$7,994$7,205$5,539
11 years$9,772$8,739$7,803$6,958$6,196$4,619
12 years$8,866$7,843$6,925$6,103$5,370$3,878
13 years$8,100$7,088$6,187$5,388$4,683$3,274
14 years$7,444$6,443$5,559$4,783$4,105$2,777
15 years$6,876$5,886$5,019$4,265$3,614$2,364
16 years$6,380$5,400$4,550$3,819$3,194$2,018
17 years$5,942$4,973$4,141$3,431$2,832$1,728
18 years$5,554$4,596$3,780$3,092$2,518$1,483
19 years$5,206$4,259$3,460$2,794$2,245$1,275
20 years$4,894$3,958$3,176$2,531$2,005$1,098
21 years$4,612$3,687$2,921$2,297$1,794$947
22 years$4,356$3,441$2,692$2,088$1,608$817
23 years$4,123$3,218$2,486$1,902$1,444$706
24 years$3,909$3,016$2,299$1,735$1,298$611
25 years$3,713$2,830$2,129$1,584$1,168$529
26 years$3,532$2,660$1,975$1,448$1,052$458
27 years$3,364$2,503$1,834$1,326$948$397
28 years$3,209$2,359$1,705$1,215$856$344
29 years$3,065$2,225$1,586$1,114$773$298
30 years$2,931$2,101$1,478$1,022$698$259
31 years$2,806$1,986$1,378$939$631$224
32 years$2,689$1,880$1,285$863$571$195
33 years$2,579$1,780$1,200$794$517$169
34 years$2,476$1,687$1,121$730$468$147
35 years$2,379$1,600$1,048$672$424$128
36 years$2,287$1,519$981$619$384$111
37 years$2,201$1,442$918$570$348$96
38 years$2,119$1,371$860$526$315$84
39 years$2,042$1,304$805$485$286$73
40 years$1,969$1,240$755$447$259$63
41 years$1,899$1,181$708$412$235$55
42 years$1,833$1,124$664$381$214$48
43 years$1,771$1,071$623$351$194$42
44 years$1,711$1,021$585$324$176$36
45 years$1,654$974$549$300$160$31
46 years$1,600$929$516$277$145$27
47 years$1,548$886$485$256$132$24
48 years$1,499$846$455$236$120$21
49 years$1,451$808$428$218$109$18
50 years$1,406$772$402$202$99$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,440,000, adding $2,622 every year, while hoping to spend $22,267 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: 40/34/26 Blend
50$1,440,000$1,440,000$1,440,000$1,440,000
51$1,589,585$1,513,265$1,490,945$1,640,863
52$1,728,030$1,563,723$1,517,199$1,728,687
53$1,879,851$1,615,907$1,543,587$1,821,362
54$2,046,388$1,669,878$1,570,089$1,921,193
55$2,229,118$1,725,700$1,596,685$2,028,849
56$2,429,666$1,783,438$1,623,353$2,145,064
57$2,649,826$1,843,161$1,650,070$2,270,646
58$2,891,571$1,904,938$1,676,809$2,406,484
59$3,157,075$1,968,844$1,703,546$2,553,554
60$3,448,733$2,034,954$1,730,251$2,712,933
61$3,769,184$2,103,346$1,756,895$2,885,803
62$4,121,334$2,174,103$1,783,444$3,073,467
63$4,508,385$2,247,310$1,809,865$3,277,356
64$4,933,867$2,323,054$1,836,121$3,499,048
65$5,401,664$2,401,427$1,862,174$3,740,278
66$5,916,060$2,482,523$1,887,984$4,002,956
67$6,481,772$2,566,441$1,913,505$4,289,186
68$7,103,999$2,653,283$1,938,693$4,601,284
69$7,788,467$2,743,153$1,963,500$4,941,797
70$8,541,486$2,836,164$1,987,873$5,313,534
71$9,370,009$2,932,427$2,011,758$5,719,585
72$10,281,696$3,032,062$2,035,098$6,163,353
73$11,284,988$3,135,191$2,057,832$6,648,587
74$12,389,183$3,241,943$2,079,896$7,179,414
75$13,604,530$3,352,448$2,101,223$7,760,380
76$14,942,320$3,466,846$2,121,741$8,396,493
77$16,414,993$3,585,278$2,141,376$9,093,267
78$18,036,258$3,707,892$2,160,048$9,856,777
79$19,821,221$3,834,843$2,177,674$10,693,714
80$21,786,526$3,966,291$2,194,167$11,611,448
81$23,950,513$4,102,401$2,209,433$12,618,099
82$26,333,393$4,243,346$2,223,376$13,722,610
83$28,957,434$4,389,305$2,235,894$14,934,834
84$31,847,175$4,540,464$2,246,880$16,265,625
85$35,029,657$4,697,016$2,256,220$17,726,942
86$38,534,675$4,859,163$2,263,797$19,331,959
87$42,395,062$5,027,113$2,269,484$21,095,188
88$46,647,000$5,201,082$2,273,153$23,032,623
89$51,330,355$5,381,297$2,274,666$25,161,878
90$56,489,062$5,567,991$2,273,877$27,502,366
91$62,171,532$5,761,408$2,270,638$30,075,473
92$68,431,112$5,961,801$2,264,788$32,904,762
93$75,326,589$6,169,433$2,256,162$36,016,195
94$82,922,743$6,384,577$2,244,585$39,438,378
95$91,290,959$6,607,517$2,229,875$43,202,831
96$100,509,902$6,838,550$2,211,840$47,344,282
97$110,666,255$7,077,982$2,190,280$51,900,998
98$121,855,543$7,326,134$2,164,985$56,915,144
99$134,183,030$7,583,336$2,135,734$62,433,180
100$147,764,715$7,849,936$2,102,297$68,506,299