Can I retire at age 51 with 1,460,000?

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 $1,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$120,565$119,492$118,444$117,421$116,422$113,839
2 years$59,686$58,574$57,497$56,452$55,439$52,850
3 years$39,395$38,279$37,204$36,170$35,173$32,659
4 years$29,252$28,139$27,075$26,058$25,086$22,666
5 years$23,168$22,061$21,011$20,015$19,070$16,751
6 years$19,113$18,015$16,980$16,006$15,089$12,874
7 years$16,217$15,129$14,111$13,160$12,272$10,160
8 years$14,047$12,968$11,967$11,039$10,180$8,172
9 years$12,360$11,291$10,307$9,403$8,573$6,667
10 years$11,011$9,953$8,986$8,106$7,305$5,498
11 years$9,908$8,860$7,911$7,054$6,283$4,573
12 years$8,989$7,952$7,021$6,188$5,444$3,830
13 years$8,213$7,187$6,273$5,463$4,748$3,225
14 years$7,548$6,532$5,636$4,849$4,162$2,727
15 years$6,972$5,968$5,089$4,325$3,664$2,315
16 years$6,468$5,475$4,614$3,872$3,238$1,972
17 years$6,025$5,042$4,198$3,479$2,871$1,683
18 years$5,631$4,659$3,832$3,135$2,553$1,440
19 years$5,279$4,318$3,508$2,833$2,276$1,234
20 years$4,962$4,013$3,220$2,566$2,033$1,060
21 years$4,676$3,738$2,962$2,329$1,819$911
22 years$4,416$3,489$2,730$2,117$1,631$784
23 years$4,180$3,263$2,520$1,928$1,464$675
24 years$3,963$3,057$2,331$1,759$1,316$582
25 years$3,764$2,869$2,159$1,606$1,184$502
26 years$3,581$2,697$2,002$1,469$1,066$434
27 years$3,411$2,538$1,859$1,344$961$374
28 years$3,254$2,391$1,728$1,232$867$324
29 years$3,108$2,256$1,608$1,129$783$280
30 years$2,972$2,131$1,498$1,037$708$242
31 years$2,845$2,014$1,397$952$640$209
32 years$2,726$1,906$1,303$875$579$181
33 years$2,615$1,805$1,217$805$524$157
34 years$2,510$1,710$1,137$740$474$136
35 years$2,412$1,622$1,063$681$430$117
36 years$2,319$1,540$994$628$389$102
37 years$2,231$1,463$931$578$353$88
38 years$2,149$1,390$872$533$320$76
39 years$2,070$1,322$817$491$290$66
40 years$1,996$1,257$765$453$263$57
41 years$1,926$1,197$718$418$239$49
42 years$1,859$1,140$673$386$217$43
43 years$1,795$1,086$632$356$197$37
44 years$1,735$1,035$593$329$178$32
45 years$1,677$987$557$304$162$28
46 years$1,622$942$523$281$147$24
47 years$1,570$899$491$259$134$21
48 years$1,519$858$462$240$121$18
49 years$1,471$819$434$221$110$16
50 years$1,425$783$408$205$100$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,460,000, adding $2,314 every year, while hoping to spend $38,267 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: 28/45/27 Blend
50$1,460,000$1,460,000$1,460,000$1,460,000
51$1,611,307$1,533,927$1,511,297$1,642,852
52$1,734,944$1,568,374$1,521,210$1,702,600
53$1,869,910$1,603,225$1,530,172$1,763,274
54$2,017,320$1,638,462$1,538,111$1,827,687
55$2,178,401$1,674,061$1,544,952$1,896,185
56$2,354,504$1,709,996$1,550,614$1,969,151
57$2,547,118$1,746,241$1,555,015$2,047,007
58$2,757,881$1,782,763$1,558,064$2,130,221
59$2,988,597$1,819,531$1,559,672$2,219,307
60$3,241,252$1,856,506$1,559,739$2,314,835
61$3,518,035$1,893,650$1,558,165$2,417,431
62$3,821,353$1,930,918$1,554,843$2,527,790
63$4,153,862$1,968,263$1,549,660$2,646,676
64$4,518,482$2,005,635$1,542,500$2,774,934
65$4,918,433$2,042,976$1,533,240$2,913,497
66$5,357,259$2,080,228$1,521,749$3,063,394
67$5,838,866$2,117,326$1,507,894$3,225,762
68$6,367,554$2,154,199$1,491,533$3,401,856
69$6,948,062$2,190,772$1,472,516$3,593,061
70$7,585,608$2,226,964$1,450,690$3,800,906
71$8,285,944$2,262,688$1,425,891$4,027,079
72$9,055,401$2,297,851$1,397,949$4,273,442
73$9,900,958$2,332,352$1,366,687$4,542,052
74$10,830,302$2,366,083$1,331,917$4,835,178
75$11,851,901$2,398,930$1,293,445$5,155,324
76$12,975,087$2,430,769$1,251,067$5,505,254
77$14,210,137$2,461,468$1,204,569$5,888,019
78$15,568,378$2,490,887$1,153,729$6,306,984
79$17,062,286$2,518,874$1,098,313$6,765,864
80$18,705,611$2,545,270$1,038,078$7,268,757
81$20,513,497$2,569,903$972,768$7,820,184
82$22,502,636$2,592,590$902,117$8,425,136
83$24,691,415$2,613,137$825,848$9,089,116
84$27,100,095$2,631,336$743,670$9,818,198
85$29,751,000$2,646,967$655,278$10,619,081
86$32,668,728$2,659,795$560,356$11,499,156
87$35,880,383$2,669,570$458,573$12,466,576
88$39,415,829$2,676,026$349,582$13,530,334
89$43,307,974$2,678,881$233,024$14,700,351
90$47,593,077$2,677,836$108,520$15,987,567
91$52,311,093$2,672,572$0$17,404,053
92$57,506,047$2,662,751$0$18,970,133
93$63,226,453$2,648,014$0$20,727,291
94$69,525,765$2,627,981$0$22,660,547
95$76,462,889$2,602,248$0$24,787,884
96$84,102,733$2,570,388$0$27,129,126
97$92,516,820$2,531,945$0$29,706,129
98$101,783,967$2,486,441$0$32,542,984
99$111,991,020$2,433,366$0$35,666,246
100$123,233,684$2,372,180$0$39,105,191