Can I retire at age 51 with 1,480,000?

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 $1,480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$122,217$121,128$120,066$119,030$118,017$115,540
2 years$60,503$59,377$58,285$57,226$56,199$53,715
3 years$39,935$38,803$37,714$36,665$35,655$33,241
4 years$29,653$28,525$27,446$26,415$25,429$23,105
5 years$23,485$22,364$21,299$20,289$19,331$17,102
6 years$19,375$18,262$17,213$16,226$15,296$13,166
7 years$16,440$15,336$14,304$13,340$12,440$10,408
8 years$14,239$13,146$12,131$11,191$10,320$8,386
9 years$12,529$11,446$10,448$9,532$8,691$6,854
10 years$11,162$10,089$9,109$8,217$7,405$5,663
11 years$10,044$8,982$8,020$7,151$6,369$4,719
12 years$9,112$8,061$7,117$6,272$5,519$3,959
13 years$8,325$7,285$6,359$5,537$4,813$3,341
14 years$7,651$6,622$5,713$4,916$4,219$2,831
15 years$7,067$6,049$5,158$4,384$3,714$2,408
16 years$6,557$5,550$4,677$3,925$3,283$2,055
17 years$6,107$5,111$4,256$3,527$2,911$1,758
18 years$5,708$4,723$3,885$3,178$2,588$1,508
19 years$5,351$4,377$3,556$2,872$2,307$1,295
20 years$5,030$4,068$3,264$2,601$2,061$1,115
21 years$4,740$3,789$3,002$2,361$1,844$960
22 years$4,477$3,537$2,767$2,146$1,653$828
23 years$4,237$3,308$2,555$1,955$1,484$715
24 years$4,017$3,099$2,363$1,783$1,334$618
25 years$3,816$2,909$2,188$1,628$1,200$534
26 years$3,630$2,734$2,030$1,489$1,081$463
27 years$3,458$2,573$1,885$1,363$975$400
28 years$3,299$2,424$1,752$1,248$879$347
29 years$3,151$2,287$1,630$1,145$794$301
30 years$3,013$2,160$1,519$1,051$717$261
31 years$2,884$2,042$1,416$965$649$226
32 years$2,763$1,932$1,321$887$587$196
33 years$2,650$1,829$1,233$816$531$170
34 years$2,544$1,734$1,152$750$481$148
35 years$2,445$1,645$1,077$691$435$128
36 years$2,351$1,561$1,008$636$395$111
37 years$2,262$1,483$943$586$358$96
38 years$2,178$1,409$883$540$324$84
39 years$2,099$1,340$828$498$294$73
40 years$2,023$1,275$776$459$267$63
41 years$1,952$1,213$727$424$242$55
42 years$1,884$1,156$682$391$220$48
43 years$1,820$1,101$640$361$199$41
44 years$1,758$1,050$601$333$181$36
45 years$1,700$1,001$564$308$164$31
46 years$1,644$955$530$284$149$27
47 years$1,591$911$498$263$135$24
48 years$1,540$870$468$243$123$20
49 years$1,492$831$440$224$112$18
50 years$1,445$793$414$207$101$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,480,000, adding $4,695 every year, while hoping to spend $34,304 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: 58/24/18 Blend
50$1,480,000$1,480,000$1,480,000$1,480,000
51$1,635,803$1,557,363$1,534,423$1,722,697
52$1,766,156$1,597,174$1,549,327$1,821,991
53$1,908,655$1,637,787$1,563,580$1,926,035
54$2,064,502$1,679,204$1,577,125$2,038,685
55$2,235,024$1,721,427$1,589,901$2,160,776
56$2,421,676$1,764,457$1,601,843$2,293,228
57$2,626,065$1,808,293$1,612,883$2,437,056
58$2,849,960$1,852,936$1,622,950$2,593,376
59$3,095,307$1,898,380$1,631,970$2,763,418
60$3,364,251$1,944,624$1,639,864$2,948,536
61$3,659,153$1,991,659$1,646,548$3,150,225
62$3,982,616$2,039,480$1,651,937$3,370,128
63$4,337,504$2,088,075$1,655,938$3,610,057
64$4,726,974$2,137,435$1,658,456$3,872,011
65$5,154,501$2,187,546$1,659,390$4,158,187
66$5,623,915$2,238,391$1,658,635$4,471,011
67$6,139,435$2,289,952$1,656,080$4,813,153
68$6,705,707$2,342,210$1,651,608$5,187,556
69$7,327,851$2,395,139$1,645,098$5,597,466
70$8,011,505$2,448,715$1,636,423$6,046,454
71$8,762,883$2,502,906$1,625,447$6,538,460
72$9,588,828$2,557,680$1,612,031$7,077,825
73$10,496,882$2,613,000$1,596,028$7,669,332
74$11,495,353$2,668,825$1,577,283$8,318,252
75$12,593,393$2,725,111$1,555,636$9,030,394
76$13,801,086$2,781,809$1,530,917$9,812,159
77$15,129,544$2,838,865$1,502,950$10,670,605
78$16,591,009$2,896,221$1,471,550$11,613,505
79$18,198,967$2,953,811$1,436,523$12,649,429
80$19,968,282$3,011,567$1,397,666$13,787,820
81$21,915,326$3,069,414$1,354,767$15,039,087
82$24,058,143$3,127,269$1,307,605$16,414,699
83$26,416,612$3,185,043$1,255,948$17,927,298
84$29,012,637$3,242,641$1,199,554$19,590,815
85$31,870,356$3,299,960$1,138,168$21,420,604
86$35,016,362$3,356,888$1,071,527$23,433,586
87$38,479,960$3,413,305$999,353$25,648,411
88$42,293,442$3,469,083$921,357$28,085,630
89$46,492,387$3,524,082$837,236$30,767,896
90$51,116,002$3,578,154$746,675$33,720,171
91$56,207,490$3,631,139$649,345$36,969,967
92$61,814,456$3,682,867$544,900$40,547,605
93$67,989,358$3,733,154$432,981$44,486,501
94$74,789,998$3,781,805$313,212$48,823,482
95$82,280,075$3,828,610$185,201$53,599,135
96$90,529,776$3,873,346$48,539$58,858,189
97$99,616,447$3,915,774$0$64,649,941
98$109,625,316$3,955,638$0$71,047,407
99$120,650,302$3,992,667$0$78,102,937
100$132,794,897$4,026,572$0$85,873,274