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%11.2%
1 years$120,565$119,492$118,444$117,421$116,422$115,834
2 years$59,686$58,574$57,497$56,452$55,439$54,846
3 years$39,395$38,279$37,204$36,170$35,173$34,592
4 years$29,252$28,139$27,075$26,058$25,086$24,523
5 years$23,168$22,061$21,011$20,015$19,070$18,526
6 years$19,113$18,015$16,980$16,006$15,089$14,565
7 years$16,217$15,129$14,111$13,160$12,272$11,767
8 years$14,047$12,968$11,967$11,039$10,180$9,696
9 years$12,360$11,291$10,307$9,403$8,573$8,109
10 years$11,011$9,953$8,986$8,106$7,305$6,861
11 years$9,908$8,860$7,911$7,054$6,283$5,858
12 years$8,989$7,952$7,021$6,188$5,444$5,039
13 years$8,213$7,187$6,273$5,463$4,748$4,360
14 years$7,548$6,532$5,636$4,849$4,162$3,793
15 years$6,972$5,968$5,089$4,325$3,664$3,313
16 years$6,468$5,475$4,614$3,872$3,238$2,905
17 years$6,025$5,042$4,198$3,479$2,871$2,555
18 years$5,631$4,659$3,832$3,135$2,553$2,253
19 years$5,279$4,318$3,508$2,833$2,276$1,991
20 years$4,962$4,013$3,220$2,566$2,033$1,763
21 years$4,676$3,738$2,962$2,329$1,819$1,564
22 years$4,416$3,489$2,730$2,117$1,631$1,390
23 years$4,180$3,263$2,520$1,928$1,464$1,236
24 years$3,963$3,057$2,331$1,759$1,316$1,101
25 years$3,764$2,869$2,159$1,606$1,184$982
26 years$3,581$2,697$2,002$1,469$1,066$876
27 years$3,411$2,538$1,859$1,344$961$783
28 years$3,254$2,391$1,728$1,232$867$700
29 years$3,108$2,256$1,608$1,129$783$626
30 years$2,972$2,131$1,498$1,037$708$560
31 years$2,845$2,014$1,397$952$640$502
32 years$2,726$1,906$1,303$875$579$449
33 years$2,615$1,805$1,217$805$524$403
34 years$2,510$1,710$1,137$740$474$361
35 years$2,412$1,622$1,063$681$430$324
36 years$2,319$1,540$994$628$389$290
37 years$2,231$1,463$931$578$353$261
38 years$2,149$1,390$872$533$320$234
39 years$2,070$1,322$817$491$290$210
40 years$1,996$1,257$765$453$263$188
41 years$1,926$1,197$718$418$239$169
42 years$1,859$1,140$673$386$217$152
43 years$1,795$1,086$632$356$197$136
44 years$1,735$1,035$593$329$178$123
45 years$1,677$987$557$304$162$110
46 years$1,622$942$523$281$147$99
47 years$1,570$899$491$259$134$89
48 years$1,519$858$462$240$121$80
49 years$1,471$819$434$221$110$72
50 years$1,425$783$408$205$100$65

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 $5,130 every year, while hoping to spend $40,125 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: 35/43/22 Blend
50$1,460,000$1,460,000$1,460,000$1,460,000
51$1,614,212$1,536,832$1,514,202$1,659,765
52$1,736,168$1,569,444$1,522,235$1,726,418
53$1,869,220$1,602,309$1,529,192$1,794,229
54$2,014,456$1,635,397$1,534,995$1,866,580
55$2,173,075$1,668,676$1,539,562$1,943,900
56$2,346,397$1,702,110$1,542,806$2,026,664
57$2,535,876$1,735,659$1,544,636$2,115,393
58$2,743,110$1,769,282$1,544,957$2,210,663
59$2,969,863$1,802,933$1,543,669$2,313,111
60$3,218,074$1,836,561$1,540,666$2,423,440
61$3,489,879$1,870,114$1,535,840$2,542,423
62$3,787,631$1,903,533$1,529,074$2,670,916
63$4,113,919$1,936,756$1,520,248$2,809,861
64$4,471,597$1,969,715$1,509,234$2,960,302
65$4,863,806$2,002,338$1,495,901$3,123,386
66$5,294,009$2,034,547$1,480,108$3,300,382
67$5,766,016$2,066,258$1,461,710$3,492,689
68$6,284,027$2,097,382$1,440,554$3,701,852
69$6,852,665$2,127,822$1,416,480$3,929,574
70$7,477,027$2,157,475$1,389,322$4,177,737
71$8,162,723$2,186,230$1,358,904$4,448,415
72$8,915,936$2,213,970$1,325,042$4,743,899
73$9,743,475$2,240,569$1,287,545$5,066,713
74$10,652,845$2,265,892$1,246,213$5,419,647
75$11,652,310$2,289,796$1,200,836$5,805,776
76$12,750,975$2,312,125$1,151,193$6,228,493
77$13,958,874$2,332,719$1,097,057$6,691,541
78$15,287,058$2,351,401$1,038,188$7,199,050
79$16,747,704$2,367,986$974,334$7,755,578
80$18,354,230$2,382,278$905,234$8,366,149
81$20,121,417$2,394,064$830,615$9,036,309
82$22,065,551$2,403,123$750,190$9,772,173
83$24,204,576$2,409,215$663,660$10,580,488
84$26,558,265$2,412,089$570,715$11,468,695
85$29,148,402$2,411,475$471,028$12,445,001
86$31,998,991$2,407,089$364,259$13,518,458
87$35,136,479$2,398,628$250,053$14,699,052
88$38,590,010$2,385,770$128,040$15,997,792
89$42,391,693$2,368,175$0$17,426,822
90$46,576,911$2,345,481$0$19,000,045
91$51,184,652$2,317,305$0$20,763,828
92$56,257,874$2,283,241$0$22,704,469
93$61,843,915$2,242,858$0$24,840,030
94$67,994,935$2,195,699$0$27,190,424
95$74,768,413$2,141,283$0$29,777,601
96$82,227,682$2,079,097$0$32,625,758
97$90,442,533$2,008,599$0$35,761,567
98$99,489,869$1,929,218$0$39,214,432
99$109,454,432$1,840,346$0$43,016,762
100$120,429,603$1,741,343$0$47,204,286