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%16.8%
1 years$120,565$119,492$118,444$117,421$116,422$113,195
2 years$59,686$58,574$57,497$56,452$55,439$52,212
3 years$39,395$38,279$37,204$36,170$35,173$32,046
4 years$29,252$28,139$27,075$26,058$25,086$22,084
5 years$23,168$22,061$21,011$20,015$19,070$16,201
6 years$19,113$18,015$16,980$16,006$15,089$12,357
7 years$16,217$15,129$14,111$13,160$12,272$9,675
8 years$14,047$12,968$11,967$11,039$10,180$7,719
9 years$12,360$11,291$10,307$9,403$8,573$6,244
10 years$11,011$9,953$8,986$8,106$7,305$5,105
11 years$9,908$8,860$7,911$7,054$6,283$4,208
12 years$8,989$7,952$7,021$6,188$5,444$3,492
13 years$8,213$7,187$6,273$5,463$4,748$2,913
14 years$7,548$6,532$5,636$4,849$4,162$2,440
15 years$6,972$5,968$5,089$4,325$3,664$2,051
16 years$6,468$5,475$4,614$3,872$3,238$1,729
17 years$6,025$5,042$4,198$3,479$2,871$1,461
18 years$5,631$4,659$3,832$3,135$2,553$1,237
19 years$5,279$4,318$3,508$2,833$2,276$1,050
20 years$4,962$4,013$3,220$2,566$2,033$892
21 years$4,676$3,738$2,962$2,329$1,819$758
22 years$4,416$3,489$2,730$2,117$1,631$645
23 years$4,180$3,263$2,520$1,928$1,464$550
24 years$3,963$3,057$2,331$1,759$1,316$469
25 years$3,764$2,869$2,159$1,606$1,184$400
26 years$3,581$2,697$2,002$1,469$1,066$341
27 years$3,411$2,538$1,859$1,344$961$292
28 years$3,254$2,391$1,728$1,232$867$249
29 years$3,108$2,256$1,608$1,129$783$213
30 years$2,972$2,131$1,498$1,037$708$182
31 years$2,845$2,014$1,397$952$640$156
32 years$2,726$1,906$1,303$875$579$133
33 years$2,615$1,805$1,217$805$524$114
34 years$2,510$1,710$1,137$740$474$97
35 years$2,412$1,622$1,063$681$430$83
36 years$2,319$1,540$994$628$389$71
37 years$2,231$1,463$931$578$353$61
38 years$2,149$1,390$872$533$320$52
39 years$2,070$1,322$817$491$290$45
40 years$1,996$1,257$765$453$263$38
41 years$1,926$1,197$718$418$239$33
42 years$1,859$1,140$673$386$217$28
43 years$1,795$1,086$632$356$197$24
44 years$1,735$1,035$593$329$178$21
45 years$1,677$987$557$304$162$18
46 years$1,622$942$523$281$147$15
47 years$1,570$899$491$259$134$13
48 years$1,519$858$462$240$121$11
49 years$1,471$819$434$221$110$9
50 years$1,425$783$408$205$100$8

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 $3,839 every year, while hoping to spend $51,736 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: 58/36/6 Blend
50$1,460,000$1,460,000$1,460,000$1,460,000
51$1,612,880$1,535,500$1,512,870$1,704,256
52$1,722,347$1,555,693$1,508,504$1,786,228
53$1,841,246$1,575,141$1,502,259$1,869,317
54$1,970,483$1,593,754$1,494,015$1,958,579
55$2,111,059$1,611,433$1,483,650$2,054,608
56$2,264,069$1,628,076$1,471,035$2,158,059
57$2,430,724$1,643,572$1,456,035$2,269,655
58$2,612,353$1,657,802$1,438,507$2,390,191
59$2,810,419$1,670,640$1,418,303$2,520,547
60$3,026,534$1,681,954$1,395,268$2,661,693
61$3,262,470$1,691,599$1,369,239$2,814,697
62$3,520,179$1,699,425$1,340,046$2,980,741
63$3,801,811$1,705,270$1,307,511$3,161,124
64$4,109,729$1,708,962$1,271,446$3,357,284
65$4,446,540$1,710,319$1,231,658$3,570,803
66$4,815,110$1,709,148$1,187,942$3,803,430
67$5,218,598$1,705,243$1,140,084$4,057,091
68$5,660,480$1,698,385$1,087,862$4,333,914
69$6,144,586$1,688,343$1,031,043$4,636,245
70$6,675,134$1,674,871$969,382$4,966,670
71$7,256,766$1,657,709$902,626$5,328,044
72$7,894,600$1,636,580$830,507$5,723,517
73$8,594,268$1,611,192$752,748$6,156,562
74$9,361,977$1,581,233$669,059$6,631,009
75$10,204,561$1,546,377$579,135$7,151,087
76$11,129,551$1,506,273$482,660$7,721,455
77$12,145,239$1,460,555$379,303$8,347,255
78$13,260,762$1,408,831$268,719$9,034,160
79$14,486,186$1,350,689$150,546$9,788,423
80$15,832,596$1,285,692$24,409$10,616,943
81$17,312,208$1,213,378$0$11,527,328
82$18,938,478$1,133,258$0$12,535,026
83$20,726,231$1,044,816$0$13,644,361
84$22,691,799$947,505$0$14,864,001
85$24,853,178$840,748$0$16,205,231
86$27,230,192$723,934$0$17,680,491
87$29,844,684$596,420$0$19,303,498
88$32,720,720$457,523$0$21,089,379
89$35,884,816$306,524$0$23,054,808
90$39,366,187$142,663$0$25,218,172
91$43,197,023$0$0$27,599,744
92$47,412,792$0$0$30,235,683
93$52,052,575$0$0$33,199,083
94$57,159,431$0$0$36,460,949
95$62,780,807$0$0$40,051,606
96$68,968,984$0$0$44,004,467
97$75,781,568$0$0$48,356,349
98$83,282,034$0$0$53,147,821
99$91,540,327$0$0$58,423,586
100$100,633,516$0$0$64,232,901