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%11.1%
1 years$121,391$120,310$119,255$118,225$117,220$116,677
2 years$60,095$58,975$57,891$56,839$55,819$55,271
3 years$39,665$38,541$37,459$36,417$35,414$34,878
4 years$29,452$28,332$27,261$26,237$25,257$24,737
5 years$23,326$22,212$21,155$20,152$19,200$18,698
6 years$19,244$18,138$17,097$16,116$15,193$14,708
7 years$16,329$15,232$14,207$13,250$12,356$11,890
8 years$14,143$13,057$12,049$11,115$10,250$9,803
9 years$12,444$11,368$10,378$9,467$8,632$8,203
10 years$11,086$10,021$9,048$8,161$7,355$6,944
11 years$9,976$8,921$7,965$7,103$6,326$5,932
12 years$9,051$8,007$7,069$6,230$5,482$5,106
13 years$8,269$7,236$6,316$5,500$4,780$4,422
14 years$7,599$6,577$5,675$4,882$4,190$3,849
15 years$7,020$6,008$5,124$4,354$3,689$3,364
16 years$6,513$5,513$4,645$3,899$3,261$2,952
17 years$6,066$5,077$4,227$3,503$2,891$2,597
18 years$5,669$4,691$3,859$3,157$2,571$2,292
19 years$5,315$4,348$3,532$2,852$2,291$2,027
20 years$4,996$4,040$3,242$2,583$2,047$1,797
21 years$4,708$3,763$2,982$2,345$1,831$1,595
22 years$4,447$3,513$2,748$2,132$1,642$1,418
23 years$4,208$3,286$2,538$1,942$1,474$1,263
24 years$3,990$3,078$2,347$1,771$1,325$1,126
25 years$3,790$2,889$2,174$1,617$1,192$1,004
26 years$3,605$2,715$2,016$1,479$1,074$897
27 years$3,435$2,555$1,872$1,353$968$802
28 years$3,276$2,408$1,740$1,240$873$717
29 years$3,129$2,271$1,619$1,137$789$642
30 years$2,992$2,145$1,508$1,044$713$575
31 years$2,864$2,028$1,406$958$644$515
32 years$2,745$1,919$1,312$881$583$462
33 years$2,633$1,817$1,225$810$527$414
34 years$2,527$1,722$1,145$745$478$372
35 years$2,428$1,633$1,070$686$433$334
36 years$2,335$1,550$1,001$632$392$300
37 years$2,247$1,473$937$582$355$269
38 years$2,163$1,399$877$537$322$242
39 years$2,084$1,331$822$495$292$217
40 years$2,010$1,266$771$456$265$195
41 years$1,939$1,205$723$421$240$175
42 years$1,872$1,148$678$389$218$158
43 years$1,808$1,094$636$359$198$142
44 years$1,747$1,042$597$331$180$127
45 years$1,689$994$561$306$163$115
46 years$1,633$948$526$283$148$103
47 years$1,580$905$495$261$134$93
48 years$1,530$864$465$241$122$83
49 years$1,481$825$437$223$111$75
50 years$1,435$788$411$206$101$67

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 $3,449 every year, while hoping to spend $58,853 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: 81/14/5 Blend
50$1,470,000$1,470,000$1,470,000$1,470,000
51$1,623,498$1,545,588$1,522,803$1,754,518
52$1,726,475$1,558,702$1,511,197$1,853,797
53$1,837,984$1,570,487$1,497,231$1,954,520
54$1,958,832$1,580,815$1,480,762$2,063,243
55$2,089,908$1,589,550$1,461,642$2,180,730
56$2,232,189$1,596,548$1,439,718$2,307,825
57$2,386,749$1,601,656$1,414,825$2,445,456
58$2,554,771$1,604,711$1,386,796$2,594,646
59$2,737,556$1,605,539$1,355,451$2,756,522
60$2,936,534$1,603,958$1,320,606$2,932,324
61$3,153,279$1,599,771$1,282,065$3,123,419
62$3,389,525$1,592,771$1,239,626$3,331,314
63$3,647,179$1,582,738$1,193,075$3,557,666
64$3,928,338$1,569,440$1,142,190$3,804,305
65$4,235,314$1,552,628$1,086,739$4,073,245
66$4,570,650$1,532,040$1,026,478$4,366,703
67$4,937,144$1,507,399$961,154$4,687,127
68$5,337,880$1,478,409$890,500$5,037,210
69$5,776,252$1,444,758$814,239$5,419,922
70$6,255,995$1,406,117$732,082$5,838,535
71$6,781,225$1,362,135$643,725$6,296,655
72$7,356,473$1,312,443$548,853$6,798,256
73$7,986,729$1,256,648$447,135$7,347,719
74$8,677,487$1,194,335$338,225$7,949,869
75$9,434,799$1,125,067$221,765$8,610,026
76$10,265,333$1,048,379$97,378$9,334,054
77$11,176,428$963,781$0$10,128,413
78$12,176,173$870,755$0$11,002,112
79$13,273,473$768,753$0$11,966,778
80$14,478,141$657,195$0$13,025,885
81$15,800,984$535,471$0$14,188,991
82$17,253,909$402,933$0$15,466,628
83$18,850,031$258,900$0$16,870,402
84$20,603,798$102,650$0$18,413,107
85$22,531,127$0$0$20,108,837
86$24,649,556$0$0$21,983,385
87$26,978,402$0$0$24,061,552
88$29,538,950$0$0$26,346,521
89$32,354,649$0$0$28,859,223
90$35,451,336$0$0$31,622,721
91$38,857,474$0$0$34,662,420
92$42,604,427$0$0$38,006,315
93$46,726,750$0$0$41,685,250
94$51,262,514$0$0$45,733,209
95$56,253,670$0$0$50,187,635
96$61,746,439$0$0$55,089,787
97$67,791,749$0$0$60,485,123
98$74,445,717$0$0$66,423,732
99$81,770,175$0$0$72,960,808
100$89,833,254$0$0$80,157,163