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%18.8%
1 years$122,217$121,128$120,066$119,030$118,017$113,830
2 years$60,503$59,377$58,285$57,226$56,199$52,025
3 years$39,935$38,803$37,714$36,665$35,655$31,625
4 years$29,653$28,525$27,446$26,415$25,429$21,575
5 years$23,485$22,364$21,299$20,289$19,331$15,662
6 years$19,375$18,262$17,213$16,226$15,296$11,815
7 years$16,440$15,336$14,304$13,340$12,440$9,146
8 years$14,239$13,146$12,131$11,191$10,320$7,211
9 years$12,529$11,446$10,448$9,532$8,691$5,763
10 years$11,162$10,089$9,109$8,217$7,405$4,652
11 years$10,044$8,982$8,020$7,151$6,369$3,786
12 years$9,112$8,061$7,117$6,272$5,519$3,100
13 years$8,325$7,285$6,359$5,537$4,813$2,551
14 years$7,651$6,622$5,713$4,916$4,219$2,108
15 years$7,067$6,049$5,158$4,384$3,714$1,747
16 years$6,557$5,550$4,677$3,925$3,283$1,452
17 years$6,107$5,111$4,256$3,527$2,911$1,209
18 years$5,708$4,723$3,885$3,178$2,588$1,009
19 years$5,351$4,377$3,556$2,872$2,307$843
20 years$5,030$4,068$3,264$2,601$2,061$705
21 years$4,740$3,789$3,002$2,361$1,844$590
22 years$4,477$3,537$2,767$2,146$1,653$495
23 years$4,237$3,308$2,555$1,955$1,484$415
24 years$4,017$3,099$2,363$1,783$1,334$348
25 years$3,816$2,909$2,188$1,628$1,200$292
26 years$3,630$2,734$2,030$1,489$1,081$246
27 years$3,458$2,573$1,885$1,363$975$206
28 years$3,299$2,424$1,752$1,248$879$173
29 years$3,151$2,287$1,630$1,145$794$146
30 years$3,013$2,160$1,519$1,051$717$123
31 years$2,884$2,042$1,416$965$649$103
32 years$2,763$1,932$1,321$887$587$87
33 years$2,650$1,829$1,233$816$531$73
34 years$2,544$1,734$1,152$750$481$61
35 years$2,445$1,645$1,077$691$435$52
36 years$2,351$1,561$1,008$636$395$43
37 years$2,262$1,483$943$586$358$37
38 years$2,178$1,409$883$540$324$31
39 years$2,099$1,340$828$498$294$26
40 years$2,023$1,275$776$459$267$22
41 years$1,952$1,213$727$424$242$18
42 years$1,884$1,156$682$391$220$15
43 years$1,820$1,101$640$361$199$13
44 years$1,758$1,050$601$333$181$11
45 years$1,700$1,001$564$308$164$9
46 years$1,644$955$530$284$149$8
47 years$1,591$911$498$263$135$7
48 years$1,540$870$468$243$123$5
49 years$1,492$831$440$224$112$5
50 years$1,445$793$414$207$101$4

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 $2,209 every year, while hoping to spend $31,862 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: 82/12/6 Blend
50$1,480,000$1,480,000$1,480,000$1,480,000
51$1,633,239$1,554,799$1,531,859$1,766,360
52$1,765,928$1,597,083$1,549,275$1,895,977
53$1,911,084$1,640,371$1,566,207$2,033,743
54$2,069,944$1,684,679$1,582,604$2,183,990
55$2,243,872$1,730,022$1,598,415$2,347,951
56$2,434,368$1,776,414$1,613,584$2,526,979
57$2,643,086$1,823,871$1,628,051$2,722,566
58$2,871,847$1,872,406$1,641,756$2,936,357
59$3,122,654$1,922,033$1,654,634$3,170,160
60$3,397,717$1,972,765$1,666,617$3,425,969
61$3,699,469$2,024,615$1,677,633$3,705,978
62$4,030,586$2,077,593$1,687,605$4,012,606
63$4,394,022$2,131,711$1,696,456$4,348,516
64$4,793,026$2,186,979$1,704,101$4,716,641
65$5,231,180$2,243,405$1,710,453$5,120,212
66$5,712,426$2,300,999$1,715,420$5,562,790
67$6,241,112$2,359,765$1,718,904$6,048,296
68$6,822,023$2,419,711$1,720,805$6,581,049
69$7,460,432$2,480,841$1,721,016$7,165,811
70$8,162,151$2,543,156$1,719,424$7,807,822
71$8,933,578$2,606,659$1,715,912$8,512,862
72$9,781,766$2,671,348$1,710,358$9,287,293
73$10,714,483$2,737,221$1,702,633$10,138,129
74$11,740,289$2,804,274$1,692,600$11,073,094
75$12,868,615$2,872,500$1,680,118$12,100,702
76$14,109,851$2,941,889$1,665,039$13,230,332
77$15,475,445$3,012,431$1,647,207$14,472,317
78$16,978,010$3,084,110$1,626,459$15,838,044
79$18,631,446$3,156,910$1,602,624$17,340,059
80$20,451,065$3,230,810$1,575,523$18,992,187
81$22,453,740$3,305,786$1,544,970$20,809,661
82$24,658,063$3,381,812$1,510,768$22,809,265
83$27,084,519$3,458,854$1,472,712$25,009,494
84$29,755,681$3,536,879$1,430,589$27,430,728
85$32,696,421$3,615,846$1,384,174$30,095,424
86$35,934,144$3,695,711$1,333,232$33,028,326
87$39,499,049$3,776,423$1,277,518$36,256,704
88$43,424,414$3,857,929$1,216,776$39,810,602
89$47,746,903$3,940,167$1,150,737$43,723,133
90$52,506,923$4,023,071$1,079,122$48,030,780
91$57,748,994$4,106,566$1,001,638$52,773,748
92$63,522,177$4,190,574$917,979$57,996,342
93$69,880,533$4,275,005$827,824$63,747,382
94$76,883,632$4,359,765$730,841$70,080,667
95$84,597,118$4,444,750$626,681$77,055,480
96$93,093,329$4,529,847$514,979$84,737,152
97$102,451,972$4,614,933$395,355$93,197,672
98$112,760,886$4,699,878$267,411$102,516,373
99$124,116,861$4,784,537$130,735$112,780,675
100$136,626,559$4,868,757$0$124,086,916