Can I retire at age 51 with 1,470,000?

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 $1,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$121,391$120,310$119,255$118,225$117,220$114,947
2 years$60,095$58,975$57,891$56,839$55,819$53,538
3 years$39,665$38,541$37,459$36,417$35,414$33,197
4 years$29,452$28,332$27,261$26,237$25,257$23,121
5 years$23,326$22,212$21,155$20,152$19,200$17,150
6 years$19,244$18,138$17,097$16,116$15,193$13,231
7 years$16,329$15,232$14,207$13,250$12,356$10,483
8 years$14,143$13,057$12,049$11,115$10,250$8,467
9 years$12,444$11,368$10,378$9,467$8,632$6,936
10 years$11,086$10,021$9,048$8,161$7,355$5,745
11 years$9,976$8,921$7,965$7,103$6,326$4,800
12 years$9,051$8,007$7,069$6,230$5,482$4,037
13 years$8,269$7,236$6,316$5,500$4,780$3,415
14 years$7,599$6,577$5,675$4,882$4,190$2,902
15 years$7,020$6,008$5,124$4,354$3,689$2,476
16 years$6,513$5,513$4,645$3,899$3,261$2,119
17 years$6,066$5,077$4,227$3,503$2,891$1,818
18 years$5,669$4,691$3,859$3,157$2,571$1,564
19 years$5,315$4,348$3,532$2,852$2,291$1,347
20 years$4,996$4,040$3,242$2,583$2,047$1,163
21 years$4,708$3,763$2,982$2,345$1,831$1,005
22 years$4,447$3,513$2,748$2,132$1,642$869
23 years$4,208$3,286$2,538$1,942$1,474$753
24 years$3,990$3,078$2,347$1,771$1,325$653
25 years$3,790$2,889$2,174$1,617$1,192$566
26 years$3,605$2,715$2,016$1,479$1,074$492
27 years$3,435$2,555$1,872$1,353$968$427
28 years$3,276$2,408$1,740$1,240$873$371
29 years$3,129$2,271$1,619$1,137$789$323
30 years$2,992$2,145$1,508$1,044$713$281
31 years$2,864$2,028$1,406$958$644$244
32 years$2,745$1,919$1,312$881$583$212
33 years$2,633$1,817$1,225$810$527$185
34 years$2,527$1,722$1,145$745$478$161
35 years$2,428$1,633$1,070$686$433$140
36 years$2,335$1,550$1,001$632$392$122
37 years$2,247$1,473$937$582$355$106
38 years$2,163$1,399$877$537$322$93
39 years$2,084$1,331$822$495$292$81
40 years$2,010$1,266$771$456$265$70
41 years$1,939$1,205$723$421$240$61
42 years$1,872$1,148$678$389$218$53
43 years$1,808$1,094$636$359$198$47
44 years$1,747$1,042$597$331$180$41
45 years$1,689$994$561$306$163$35
46 years$1,633$948$526$283$148$31
47 years$1,580$905$495$261$134$27
48 years$1,530$864$465$241$122$23
49 years$1,481$825$437$223$111$20
50 years$1,435$788$411$206$101$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,470,000, adding $5,278 every year, while hoping to spend $24,154 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: 53/32/15 Blend
50$1,470,000$1,470,000$1,470,000$1,470,000
51$1,625,384$1,547,474$1,524,689$1,704,736
52$1,765,474$1,597,601$1,550,067$1,809,646
53$1,919,043$1,649,374$1,575,485$1,920,720
54$2,087,441$1,702,849$1,600,919$2,041,030
55$2,272,154$1,758,083$1,626,344$2,171,461
56$2,474,820$1,815,135$1,651,733$2,312,983
57$2,697,241$1,874,066$1,677,055$2,466,667
58$2,941,404$1,934,940$1,702,281$2,633,687
59$3,209,496$1,997,821$1,727,376$2,815,341
60$3,503,928$2,062,777$1,752,307$3,013,051
61$3,827,354$2,129,879$1,777,035$3,228,387
62$4,182,700$2,199,198$1,801,521$3,463,076
63$4,573,187$2,270,811$1,825,723$3,719,017
64$5,002,365$2,344,793$1,849,598$3,998,303
65$5,474,145$2,421,227$1,873,098$4,303,239
66$5,992,834$2,500,194$1,896,173$4,636,360
67$6,563,180$2,581,780$1,918,772$5,000,460
68$7,190,413$2,666,076$1,940,839$5,398,615
69$7,880,293$2,753,172$1,962,316$5,834,212
70$8,639,170$2,843,164$1,983,140$6,310,981
71$9,474,038$2,936,151$2,003,248$6,833,031
72$10,392,602$3,032,235$2,022,569$7,404,885
73$11,403,355$3,131,522$2,041,033$8,031,529
74$12,515,652$3,234,121$2,058,562$8,718,452
75$13,739,802$3,340,146$2,075,077$9,471,699
76$15,087,162$3,449,715$2,090,493$10,297,932
77$16,570,250$3,562,948$2,104,721$11,204,487
78$18,202,854$3,679,971$2,117,669$12,199,447
79$20,000,171$3,800,916$2,129,236$13,291,715
80$21,978,945$3,925,916$2,139,321$14,491,101
81$24,157,623$4,055,112$2,147,815$15,808,410
82$26,556,537$4,188,649$2,154,603$17,255,546
83$29,198,088$4,326,677$2,159,567$18,845,627
84$32,106,960$4,469,351$2,162,579$20,593,100
85$35,310,352$4,616,832$2,163,507$22,513,887
86$38,838,238$4,769,286$2,162,215$24,625,528
87$42,723,644$4,926,887$2,158,555$26,947,348
88$47,002,964$5,089,813$2,152,375$29,500,640
89$51,716,303$5,258,251$2,143,517$32,308,866
90$56,907,852$5,432,391$2,131,810$35,397,873
91$62,626,309$5,612,434$2,117,082$38,796,145
92$68,925,334$5,798,585$2,099,146$42,535,063
93$75,864,061$5,991,059$2,077,810$46,649,208
94$83,507,651$6,190,076$2,052,872$51,176,679
95$91,927,909$6,395,868$2,024,121$56,159,460
96$101,203,962$6,608,671$1,991,335$61,643,812
97$111,423,003$6,828,733$1,954,282$67,680,708
98$122,681,117$7,056,309$1,912,718$74,326,317
99$135,084,188$7,291,665$1,866,391$81,642,529
100$148,748,895$7,535,075$1,815,035$89,697,544