Can I retire at age 51 with 1,490,000?

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 $1,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$123,043$121,947$120,878$119,834$118,815$114,782
2 years$60,912$59,778$58,678$57,612$56,578$52,556
3 years$40,205$39,065$37,969$36,913$35,896$32,010
4 years$29,853$28,717$27,632$26,594$25,601$21,881
5 years$23,644$22,515$21,443$20,426$19,462$15,918
6 years$19,505$18,385$17,329$16,335$15,399$12,035
7 years$16,551$15,440$14,401$13,430$12,524$9,337
8 years$14,336$13,235$12,213$11,266$10,390$7,379
9 years$12,614$11,523$10,519$9,596$8,750$5,912
10 years$11,237$10,157$9,171$8,272$7,455$4,785
11 years$10,111$9,042$8,074$7,199$6,412$3,904
12 years$9,174$8,116$7,165$6,315$5,556$3,205
13 years$8,381$7,334$6,402$5,575$4,845$2,645
14 years$7,703$6,667$5,752$4,949$4,247$2,191
15 years$7,115$6,090$5,193$4,413$3,740$1,821
16 years$6,601$5,588$4,708$3,952$3,305$1,518
17 years$6,148$5,146$4,284$3,551$2,930$1,268
18 years$5,746$4,755$3,911$3,200$2,606$1,061
19 years$5,387$4,407$3,580$2,891$2,322$889
20 years$5,064$4,095$3,286$2,619$2,074$746
21 years$4,772$3,815$3,022$2,377$1,856$627
22 years$4,507$3,561$2,786$2,161$1,664$527
23 years$4,266$3,330$2,572$1,968$1,494$443
24 years$4,045$3,120$2,379$1,795$1,343$373
25 years$3,841$2,928$2,203$1,639$1,208$314
26 years$3,654$2,752$2,043$1,499$1,088$265
27 years$3,481$2,590$1,897$1,372$981$223
28 years$3,321$2,441$1,764$1,257$885$188
29 years$3,172$2,302$1,641$1,153$799$159
30 years$3,033$2,174$1,529$1,058$722$134
31 years$2,903$2,055$1,425$972$653$113
32 years$2,782$1,945$1,330$893$591$95
33 years$2,668$1,842$1,242$821$535$80
34 years$2,562$1,746$1,160$755$484$68
35 years$2,461$1,656$1,085$695$438$57
36 years$2,366$1,572$1,015$640$397$48
37 years$2,277$1,493$950$590$360$41
38 years$2,193$1,418$889$544$326$35
39 years$2,113$1,349$833$502$296$29
40 years$2,037$1,283$781$463$268$25
41 years$1,965$1,222$732$427$244$21
42 years$1,897$1,163$687$394$221$18
43 years$1,832$1,108$645$364$201$15
44 years$1,770$1,057$605$336$182$13
45 years$1,711$1,008$568$310$165$11
46 years$1,655$961$534$286$150$9
47 years$1,602$917$501$265$136$8
48 years$1,551$876$471$244$124$6
49 years$1,502$836$443$226$112$5
50 years$1,455$799$416$209$102$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,490,000, adding $4,158 every year, while hoping to spend $35,726 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: 40/42/18 Blend
50$1,490,000$1,490,000$1,490,000$1,490,000
51$1,646,269$1,567,299$1,544,204$1,703,175
52$1,776,176$1,606,084$1,557,923$1,782,930
53$1,918,137$1,645,573$1,570,903$1,865,399
54$2,073,342$1,685,761$1,583,084$1,953,869
55$2,243,104$1,726,645$1,594,399$2,048,904
56$2,428,868$1,768,218$1,604,778$2,151,124
57$2,632,224$1,810,472$1,614,150$2,261,215
58$2,854,924$1,853,399$1,622,437$2,379,930
59$3,098,898$1,896,986$1,629,560$2,508,099
60$3,366,269$1,941,222$1,635,434$2,646,639
61$3,659,377$1,986,091$1,639,970$2,796,556
62$3,980,799$2,031,575$1,643,075$2,958,963
63$4,333,374$2,077,656$1,644,651$3,135,083
64$4,720,227$2,124,310$1,644,596$3,326,266
65$5,144,802$2,171,513$1,642,801$3,533,999
66$5,610,892$2,219,236$1,639,155$3,759,920
67$6,122,674$2,267,450$1,633,538$4,005,835
68$6,684,751$2,316,120$1,625,826$4,273,736
69$7,302,194$2,365,208$1,615,889$4,565,816
70$7,980,587$2,414,672$1,603,591$4,884,493
71$8,726,084$2,464,468$1,588,788$5,232,434
72$9,545,462$2,514,545$1,571,330$5,612,577
73$10,446,191$2,564,850$1,551,062$6,028,161
74$11,436,498$2,615,322$1,527,817$6,482,756
75$12,525,447$2,665,899$1,501,425$6,980,298
76$13,723,025$2,716,511$1,471,706$7,525,125
77$15,040,235$2,767,082$1,438,470$8,122,019
78$16,489,202$2,817,531$1,401,521$8,776,252
79$18,083,280$2,867,770$1,360,652$9,493,634
80$19,837,189$2,917,705$1,315,648$10,280,572
81$21,767,143$2,967,233$1,266,282$11,144,125
82$23,891,008$3,016,245$1,212,320$12,092,079
83$26,228,472$3,064,622$1,153,514$13,133,012
84$28,801,226$3,112,238$1,089,606$14,276,382
85$31,633,170$3,158,956$1,020,327$15,532,616
86$34,750,640$3,204,632$945,395$16,913,206
87$38,182,655$3,249,109$864,515$18,430,820
88$41,961,191$3,292,220$777,381$20,099,421
89$46,121,480$3,333,786$683,671$21,934,404
90$50,702,346$3,373,617$583,049$23,952,734
91$55,746,570$3,411,509$475,166$26,173,115
92$61,301,291$3,447,243$359,654$28,616,161
93$67,418,453$3,480,589$236,133$31,304,598
94$74,155,295$3,511,298$104,204$34,263,474
95$81,574,891$3,539,107$0$37,520,396
96$89,746,741$3,563,735$0$41,112,824
97$98,747,434$3,584,882$0$45,089,091
98$108,661,362$3,602,232$0$49,466,221
99$119,581,525$3,615,445$0$54,285,059
100$131,610,400$3,624,161$0$59,590,617