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%14.9%
1 years$123,043$121,947$120,878$119,834$118,815$116,416
2 years$60,912$59,778$58,678$57,612$56,578$54,172
3 years$40,205$39,065$37,969$36,913$35,896$33,557
4 years$29,853$28,717$27,632$26,594$25,601$23,348
5 years$23,644$22,515$21,443$20,426$19,462$17,300
6 years$19,505$18,385$17,329$16,335$15,399$13,333
7 years$16,551$15,440$14,401$13,430$12,524$10,552
8 years$14,336$13,235$12,213$11,266$10,390$8,512
9 years$12,614$11,523$10,519$9,596$8,750$6,965
10 years$11,237$10,157$9,171$8,272$7,455$5,762
11 years$10,111$9,042$8,074$7,199$6,412$4,808
12 years$9,174$8,116$7,165$6,315$5,556$4,039
13 years$8,381$7,334$6,402$5,575$4,845$3,412
14 years$7,703$6,667$5,752$4,949$4,247$2,896
15 years$7,115$6,090$5,193$4,413$3,740$2,467
16 years$6,601$5,588$4,708$3,952$3,305$2,108
17 years$6,148$5,146$4,284$3,551$2,930$1,806
18 years$5,746$4,755$3,911$3,200$2,606$1,551
19 years$5,387$4,407$3,580$2,891$2,322$1,334
20 years$5,064$4,095$3,286$2,619$2,074$1,150
21 years$4,772$3,815$3,022$2,377$1,856$992
22 years$4,507$3,561$2,786$2,161$1,664$857
23 years$4,266$3,330$2,572$1,968$1,494$741
24 years$4,045$3,120$2,379$1,795$1,343$642
25 years$3,841$2,928$2,203$1,639$1,208$556
26 years$3,654$2,752$2,043$1,499$1,088$482
27 years$3,481$2,590$1,897$1,372$981$418
28 years$3,321$2,441$1,764$1,257$885$362
29 years$3,172$2,302$1,641$1,153$799$315
30 years$3,033$2,174$1,529$1,058$722$273
31 years$2,903$2,055$1,425$972$653$237
32 years$2,782$1,945$1,330$893$591$206
33 years$2,668$1,842$1,242$821$535$179
34 years$2,562$1,746$1,160$755$484$156
35 years$2,461$1,656$1,085$695$438$135
36 years$2,366$1,572$1,015$640$397$118
37 years$2,277$1,493$950$590$360$102
38 years$2,193$1,418$889$544$326$89
39 years$2,113$1,349$833$502$296$77
40 years$2,037$1,283$781$463$268$67
41 years$1,965$1,222$732$427$244$59
42 years$1,897$1,163$687$394$221$51
43 years$1,832$1,108$645$364$201$44
44 years$1,770$1,057$605$336$182$39
45 years$1,711$1,008$568$310$165$34
46 years$1,655$961$534$286$150$29
47 years$1,602$917$501$265$136$25
48 years$1,551$876$471$244$124$22
49 years$1,502$836$443$226$112$19
50 years$1,455$799$416$209$102$17

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 $2,921 every year, while hoping to spend $54,994 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: 29/41/30 Blend
50$1,490,000$1,490,000$1,490,000$1,490,000
51$1,644,993$1,566,023$1,542,928$1,677,443
52$1,754,269$1,584,245$1,536,103$1,721,760
53$1,872,848$1,601,517$1,527,206$1,764,436
54$2,001,621$1,617,733$1,516,110$1,809,237
55$2,141,568$1,632,784$1,502,681$1,856,387
56$2,293,766$1,646,548$1,486,779$1,906,138
57$2,459,402$1,658,901$1,468,258$1,958,766
58$2,639,781$1,669,707$1,446,964$2,014,586
59$2,836,338$1,678,822$1,422,737$2,073,942
60$3,050,653$1,686,093$1,395,408$2,137,224
61$3,284,467$1,691,359$1,364,801$2,204,862
62$3,539,693$1,694,446$1,330,732$2,277,338
63$3,818,439$1,695,171$1,293,009$2,355,185
64$4,123,024$1,693,339$1,251,429$2,439,000
65$4,456,003$1,688,742$1,205,782$2,529,443
66$4,820,187$1,681,163$1,155,848$2,627,252
67$5,218,672$1,670,366$1,101,395$2,733,243
68$5,654,869$1,656,106$1,042,183$2,848,326
69$6,132,529$1,638,119$977,961$2,973,510
70$6,655,789$1,616,128$908,464$3,109,914
71$7,229,199$1,589,839$833,418$3,258,782
72$7,857,775$1,558,939$752,535$3,421,493
73$8,547,039$1,523,097$665,515$3,599,577
74$9,303,072$1,481,964$572,045$3,794,729
75$10,132,574$1,435,168$471,797$4,008,831
76$11,042,923$1,382,319$364,429$4,243,966
77$12,042,249$1,322,999$249,585$4,502,442
78$13,139,503$1,256,771$126,891$4,786,816
79$14,344,549$1,183,170$0$5,099,920
80$15,668,251$1,101,704$0$5,446,185
81$17,122,579$1,011,853$0$5,871,216
82$18,720,717$913,069$0$6,338,329
83$20,477,192$804,771$0$6,851,915
84$22,408,007$686,346$0$7,416,825
85$24,530,792$557,146$0$8,038,412
86$26,864,972$416,485$0$8,722,588
87$29,431,948$263,641$0$9,475,881
88$32,255,297$97,851$0$10,305,496
89$35,360,999$0$0$11,219,388
90$38,777,676$0$0$12,263,191
91$42,536,865$0$0$13,460,478
92$46,673,313$0$0$14,778,200
93$51,225,305$0$0$16,228,589
94$56,235,027$0$0$17,825,123
95$61,748,960$0$0$19,582,652
96$67,818,320$0$0$21,517,539
97$74,499,540$0$0$23,647,815
98$81,854,803$0$0$25,993,346
99$89,952,626$0$0$28,576,025
100$98,868,509$0$0$31,419,976