Can I retire at age 51 with 1,500,000?

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 $1,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$123,869$122,765$121,689$120,638$119,612$116,721
2 years$61,321$60,179$59,072$57,999$56,958$54,062
3 years$40,475$39,328$38,224$37,161$36,137$33,327
4 years$30,053$28,910$27,817$26,772$25,773$23,071
5 years$23,802$22,666$21,587$20,564$19,592$17,006
6 years$19,636$18,508$17,446$16,445$15,503$13,034
7 years$16,662$15,543$14,497$13,520$12,608$10,258
8 years$14,432$13,323$12,295$11,342$10,459$8,227
9 years$12,698$11,600$10,590$9,661$8,808$6,691
10 years$11,312$10,225$9,232$8,328$7,505$5,501
11 years$10,179$9,103$8,128$7,247$6,455$4,561
12 years$9,236$8,170$7,213$6,357$5,593$3,807
13 years$8,438$7,384$6,445$5,612$4,878$3,195
14 years$7,754$6,711$5,791$4,982$4,276$2,693
15 years$7,163$6,131$5,228$4,443$3,765$2,278
16 years$6,646$5,625$4,740$3,978$3,327$1,933
17 years$6,190$5,181$4,313$3,574$2,950$1,644
18 years$5,785$4,787$3,937$3,221$2,623$1,402
19 years$5,423$4,437$3,605$2,911$2,338$1,197
20 years$5,098$4,123$3,308$2,636$2,088$1,024
21 years$4,804$3,840$3,043$2,393$1,869$877
22 years$4,537$3,585$2,804$2,175$1,675$752
23 years$4,294$3,353$2,589$1,981$1,504$645
24 years$4,072$3,141$2,395$1,807$1,352$554
25 years$3,867$2,948$2,218$1,650$1,216$476
26 years$3,679$2,770$2,057$1,509$1,096$409
27 years$3,505$2,607$1,910$1,381$988$352
28 years$3,343$2,457$1,776$1,265$891$303
29 years$3,193$2,318$1,652$1,160$805$261
30 years$3,053$2,189$1,539$1,065$727$225
31 years$2,923$2,069$1,435$978$657$193
32 years$2,801$1,958$1,339$899$595$167
33 years$2,686$1,854$1,250$827$538$144
34 years$2,579$1,757$1,168$761$487$124
35 years$2,478$1,667$1,092$700$441$107
36 years$2,382$1,582$1,022$645$400$92
37 years$2,292$1,503$956$594$362$79
38 years$2,207$1,428$895$548$329$68
39 years$2,127$1,358$839$505$298$59
40 years$2,051$1,292$786$466$270$51
41 years$1,978$1,230$737$430$245$44
42 years$1,910$1,171$692$397$222$38
43 years$1,844$1,116$649$366$202$33
44 years$1,782$1,064$609$338$183$28
45 years$1,723$1,014$572$312$166$24
46 years$1,666$968$537$288$151$21
47 years$1,613$923$505$266$137$18
48 years$1,561$882$474$246$125$16
49 years$1,512$842$446$227$113$13
50 years$1,465$804$419$210$103$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,500,000, adding $3,592 every year, while hoping to spend $59,031 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: 71/9/20 Blend
50$1,500,000$1,500,000$1,500,000$1,500,000
51$1,656,705$1,577,205$1,553,955$1,766,036
52$1,762,881$1,591,680$1,543,204$1,853,810
53$1,877,907$1,604,885$1,530,114$1,942,516
54$2,002,626$1,616,697$1,514,546$2,038,166
55$2,137,961$1,626,982$1,496,350$2,141,440
56$2,284,929$1,635,600$1,475,373$2,253,090
57$2,444,648$1,642,400$1,451,454$2,373,942
58$2,618,347$1,647,223$1,424,424$2,504,909
59$2,807,381$1,649,900$1,394,104$2,646,998
60$3,013,239$1,650,249$1,360,311$2,801,318
61$3,237,558$1,648,080$1,322,850$2,969,094
62$3,482,142$1,643,189$1,281,519$3,151,675
63$3,748,976$1,635,361$1,236,105$3,350,550
64$4,040,244$1,624,366$1,186,387$3,567,362
65$4,358,350$1,609,962$1,132,133$3,803,921
66$4,705,943$1,591,891$1,073,101$4,062,223
67$5,085,936$1,569,881$1,009,037$4,344,473
68$5,501,538$1,543,641$939,676$4,653,097
69$5,956,282$1,512,867$864,742$4,990,775
70$6,454,057$1,477,232$783,945$5,360,459
71$6,999,148$1,436,393$696,985$5,765,408
72$7,596,272$1,389,987$603,544$6,209,212
73$8,250,624$1,337,628$503,295$6,695,832
74$8,967,924$1,278,909$395,892$7,229,636
75$9,754,475$1,213,399$280,978$7,815,438
76$10,617,217$1,140,640$158,175$8,458,550
77$11,563,794$1,060,152$27,095$9,164,825
78$12,602,625$971,424$0$9,940,719
79$13,742,986$873,917$0$10,817,421
80$14,995,093$767,061$0$11,786,443
81$16,370,200$650,255$0$12,850,746
82$17,880,704$522,861$0$14,019,968
83$19,540,263$384,209$0$15,304,733
84$21,363,923$233,588$0$16,716,743
85$23,368,259$70,249$0$18,268,897
86$25,571,531$0$0$19,975,407
87$27,993,857$0$0$21,862,491
88$30,657,403$0$0$23,945,228
89$33,586,588$0$0$26,235,766
90$36,808,317$0$0$28,755,155
91$40,352,234$0$0$31,526,587
92$44,250,997$0$0$34,575,615
93$48,540,594$0$0$37,930,393
94$53,260,674$0$0$41,621,942
95$58,454,924$0$0$45,684,443
96$64,171,479$0$0$50,155,557
97$70,463,379$0$0$55,076,780
98$77,389,064$0$0$60,493,837
99$85,012,930$0$0$66,457,109
100$93,405,930$0$0$73,022,111