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%11.1%
1 years$122,217$121,128$120,066$119,030$118,017$117,471
2 years$60,503$59,377$58,285$57,226$56,199$55,647
3 years$39,935$38,803$37,714$36,665$35,655$35,115
4 years$29,653$28,525$27,446$26,415$25,429$24,906
5 years$23,485$22,364$21,299$20,289$19,331$18,825
6 years$19,375$18,262$17,213$16,226$15,296$14,808
7 years$16,440$15,336$14,304$13,340$12,440$11,970
8 years$14,239$13,146$12,131$11,191$10,320$9,869
9 years$12,529$11,446$10,448$9,532$8,691$8,259
10 years$11,162$10,089$9,109$8,217$7,405$6,991
11 years$10,044$8,982$8,020$7,151$6,369$5,973
12 years$9,112$8,061$7,117$6,272$5,519$5,141
13 years$8,325$7,285$6,359$5,537$4,813$4,452
14 years$7,651$6,622$5,713$4,916$4,219$3,875
15 years$7,067$6,049$5,158$4,384$3,714$3,387
16 years$6,557$5,550$4,677$3,925$3,283$2,972
17 years$6,107$5,111$4,256$3,527$2,911$2,615
18 years$5,708$4,723$3,885$3,178$2,588$2,308
19 years$5,351$4,377$3,556$2,872$2,307$2,041
20 years$5,030$4,068$3,264$2,601$2,061$1,809
21 years$4,740$3,789$3,002$2,361$1,844$1,606
22 years$4,477$3,537$2,767$2,146$1,653$1,428
23 years$4,237$3,308$2,555$1,955$1,484$1,271
24 years$4,017$3,099$2,363$1,783$1,334$1,133
25 years$3,816$2,909$2,188$1,628$1,200$1,011
26 years$3,630$2,734$2,030$1,489$1,081$903
27 years$3,458$2,573$1,885$1,363$975$807
28 years$3,299$2,424$1,752$1,248$879$722
29 years$3,151$2,287$1,630$1,145$794$646
30 years$3,013$2,160$1,519$1,051$717$579
31 years$2,884$2,042$1,416$965$649$519
32 years$2,763$1,932$1,321$887$587$465
33 years$2,650$1,829$1,233$816$531$417
34 years$2,544$1,734$1,152$750$481$374
35 years$2,445$1,645$1,077$691$435$336
36 years$2,351$1,561$1,008$636$395$302
37 years$2,262$1,483$943$586$358$271
38 years$2,178$1,409$883$540$324$243
39 years$2,099$1,340$828$498$294$219
40 years$2,023$1,275$776$459$267$196
41 years$1,952$1,213$727$424$242$177
42 years$1,884$1,156$682$391$220$159
43 years$1,820$1,101$640$361$199$143
44 years$1,758$1,050$601$333$181$128
45 years$1,700$1,001$564$308$164$115
46 years$1,644$955$530$284$149$104
47 years$1,591$911$498$263$135$93
48 years$1,540$870$468$243$123$84
49 years$1,492$831$440$224$112$75
50 years$1,445$793$414$207$101$68

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 $3,536 every year, while hoping to spend $25,980 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: 66/11/23 Blend
50$1,480,000$1,480,000$1,480,000$1,480,000
51$1,634,607$1,556,167$1,533,227$1,732,611
52$1,773,695$1,604,777$1,556,948$1,847,536
53$1,926,098$1,654,898$1,580,592$1,969,856
54$2,093,149$1,706,576$1,604,131$2,102,986
55$2,276,312$1,759,861$1,627,531$2,247,990
56$2,477,203$1,814,800$1,650,760$2,406,039
57$2,697,598$1,871,446$1,673,781$2,578,425
58$2,939,457$1,929,851$1,696,557$2,766,569
59$3,204,937$1,990,069$1,719,047$2,972,037
60$3,496,414$2,052,156$1,741,208$3,196,552
61$3,816,505$2,116,169$1,762,996$3,442,017
62$4,168,095$2,182,167$1,784,362$3,710,522
63$4,554,359$2,250,212$1,805,257$4,004,374
64$4,978,798$2,320,367$1,825,628$4,326,112
65$5,445,266$2,392,695$1,845,417$4,678,536
66$5,958,011$2,467,265$1,864,566$5,064,726
67$6,521,711$2,544,144$1,883,012$5,488,081
68$7,141,523$2,623,404$1,900,690$5,952,342
69$7,823,125$2,705,118$1,917,530$6,461,631
70$8,572,775$2,789,360$1,933,459$7,020,493
71$9,397,368$2,876,209$1,948,399$7,633,931
72$10,304,500$2,965,743$1,962,271$8,307,461
73$11,302,540$3,058,045$1,974,988$9,047,159
74$12,400,710$3,153,200$1,986,461$9,859,721
75$13,609,170$3,251,295$1,996,596$10,752,526
76$14,939,117$3,352,420$2,005,293$11,733,701
77$16,402,885$3,456,667$2,012,448$12,812,207
78$18,014,067$3,564,131$2,017,953$13,997,912
79$19,787,639$3,674,911$2,021,692$15,301,695
80$21,740,104$3,789,107$2,023,544$16,735,541
81$23,889,645$3,906,824$2,023,383$18,312,658
82$26,256,299$4,028,169$2,021,077$20,047,598
83$28,862,144$4,153,252$2,016,485$21,956,401
84$31,731,508$4,282,186$2,009,463$24,056,738
85$34,891,197$4,415,089$1,999,856$26,368,084
86$38,370,752$4,552,081$1,987,504$28,911,900
87$42,202,722$4,693,287$1,972,238$31,711,835
88$46,422,975$4,838,833$1,953,884$34,793,948
89$51,071,035$4,988,851$1,932,255$38,186,958
90$56,190,453$5,143,478$1,907,158$41,922,510
91$61,829,222$5,302,851$1,878,391$46,035,480
92$68,040,227$5,467,115$1,845,741$50,564,296
93$74,881,744$5,636,418$1,808,987$55,551,310
94$82,417,990$5,810,911$1,767,897$61,043,189
95$90,719,730$5,990,750$1,722,226$67,091,364
96$99,864,944$6,176,098$1,671,722$73,752,508
97$109,939,561$6,367,119$1,616,117$81,089,077
98$121,038,273$6,563,985$1,555,134$89,169,895
99$133,265,427$6,766,871$1,488,481$98,070,808
100$146,736,011$6,975,958$1,415,856$107,875,397