Can I retire at age 51 with 1,450,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $1,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$119,740$118,673$117,632$116,617$115,625$111,834
2 years$59,277$58,173$57,103$56,066$55,060$51,277
3 years$39,125$38,017$36,950$35,922$34,932$31,276
4 years$29,052$27,946$26,890$25,880$24,914$21,412
5 years$23,009$21,910$20,868$19,878$18,939$15,601
6 years$18,982$17,891$16,864$15,897$14,986$11,815
7 years$16,106$15,025$14,014$13,070$12,188$9,182
8 years$13,951$12,879$11,885$10,964$10,111$7,270
9 years$12,275$11,214$10,237$9,339$8,515$5,834
10 years$10,935$9,884$8,925$8,050$7,255$4,731
11 years$9,840$8,799$7,857$7,006$6,239$3,868
12 years$8,928$7,898$6,973$6,145$5,407$3,182
13 years$8,156$7,137$6,230$5,425$4,715$2,631
14 years$7,496$6,488$5,598$4,816$4,133$2,184
15 years$6,924$5,927$5,054$4,295$3,639$1,819
16 years$6,424$5,438$4,582$3,846$3,216$1,519
17 years$5,983$5,008$4,169$3,455$2,852$1,272
18 years$5,592$4,627$3,806$3,114$2,536$1,067
19 years$5,242$4,289$3,484$2,814$2,260$896
20 years$4,928$3,985$3,198$2,548$2,019$754
21 years$4,644$3,712$2,941$2,313$1,807$634
22 years$4,386$3,465$2,711$2,103$1,619$535
23 years$4,151$3,241$2,503$1,915$1,454$451
24 years$3,936$3,036$2,315$1,747$1,307$380
25 years$3,738$2,850$2,144$1,595$1,176$321
26 years$3,556$2,678$1,989$1,459$1,059$271
27 years$3,388$2,520$1,846$1,335$955$229
28 years$3,232$2,375$1,717$1,223$862$194
29 years$3,087$2,241$1,597$1,122$778$164
30 years$2,952$2,116$1,488$1,029$703$139
31 years$2,825$2,000$1,387$945$635$117
32 years$2,707$1,893$1,294$869$575$99
33 years$2,597$1,792$1,208$799$520$84
34 years$2,493$1,699$1,129$735$471$71
35 years$2,395$1,611$1,056$677$427$60
36 years$2,303$1,529$988$623$387$51
37 years$2,216$1,453$924$574$350$43
38 years$2,134$1,380$866$529$318$36
39 years$2,056$1,313$811$488$288$31
40 years$1,982$1,249$760$450$261$26
41 years$1,912$1,189$713$415$237$22
42 years$1,846$1,132$669$383$215$19
43 years$1,783$1,079$627$354$195$16
44 years$1,723$1,028$589$327$177$13
45 years$1,666$981$553$302$161$11
46 years$1,611$935$519$279$146$10
47 years$1,559$893$488$257$133$8
48 years$1,509$852$458$238$120$7
49 years$1,461$814$431$220$109$6
50 years$1,416$777$405$203$99$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,450,000, adding $6,149 every year, while hoping to spend $46,261 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: 61/29/10 Blend
50$1,450,000$1,450,000$1,450,000$1,450,000
51$1,604,243$1,527,393$1,504,918$1,698,079
52$1,718,654$1,553,014$1,506,111$1,787,339
53$1,843,185$1,578,339$1,505,794$1,878,847
54$1,978,819$1,603,307$1,503,867$1,977,546
55$2,126,637$1,627,848$1,500,226$2,084,134
56$2,287,832$1,651,890$1,494,761$2,199,377
57$2,463,713$1,675,355$1,487,358$2,324,121
58$2,655,724$1,698,159$1,477,896$2,459,298
59$2,865,451$1,720,213$1,466,249$2,605,936
60$3,094,645$1,741,421$1,452,286$2,765,167
61$3,345,230$1,761,682$1,435,869$2,938,240
62$3,619,324$1,780,885$1,416,851$3,126,531
63$3,919,262$1,798,915$1,395,082$3,331,559
64$4,247,612$1,815,648$1,370,404$3,554,997
65$4,607,205$1,830,951$1,342,648$3,798,689
66$5,001,156$1,844,683$1,311,643$4,064,669
67$5,432,896$1,856,695$1,277,205$4,355,179
68$5,906,205$1,866,827$1,239,145$4,672,692
69$6,425,245$1,874,908$1,197,264$5,019,934
70$6,994,600$1,880,759$1,151,352$5,399,910
71$7,619,320$1,884,186$1,101,192$5,815,934
72$8,304,965$1,884,986$1,046,558$6,271,659
73$9,057,664$1,882,943$987,210$6,771,113
74$9,884,164$1,877,826$922,900$7,318,737
75$10,791,900$1,869,390$853,368$7,919,428
76$11,789,061$1,857,377$778,342$8,578,583
77$12,884,668$1,841,512$697,540$9,302,155
78$14,088,661$1,821,502$610,664$10,096,706
79$15,411,988$1,797,039$517,405$10,969,470
80$16,866,712$1,767,796$417,439$11,928,423
81$18,466,123$1,733,425$310,430$12,982,358
82$20,224,863$1,693,558$196,025$14,140,971
83$22,159,063$1,647,806$73,856$15,414,948
84$24,286,497$1,595,758$0$16,816,073
85$26,626,746$1,536,976$0$18,363,366
86$29,201,385$1,470,999$0$20,073,917
87$32,034,187$1,397,339$0$21,955,670
88$35,151,344$1,315,478$0$24,026,075
89$38,581,716$1,224,871$0$26,304,364
90$42,357,100$1,124,940$0$28,811,738
91$46,512,536$1,015,073$0$31,571,564
92$51,086,629$894,626$0$34,609,597
93$56,121,919$762,917$0$37,954,226
94$61,665,279$619,223$0$41,636,740
95$67,768,357$462,785$0$45,691,627
96$74,488,066$292,798$0$50,156,899
97$81,887,116$108,413$0$55,074,453
98$90,034,609$0$0$60,490,469
99$99,006,690$0$0$66,484,968
100$108,887,262$0$0$73,124,703