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%15.8%
1 years$123,869$122,765$121,689$120,638$119,612$116,768
2 years$61,321$60,179$59,072$57,999$56,958$54,109
3 years$40,475$39,328$38,224$37,161$36,137$33,372
4 years$30,053$28,910$27,817$26,772$25,773$23,114
5 years$23,802$22,666$21,587$20,564$19,592$17,046
6 years$19,636$18,508$17,446$16,445$15,503$13,073
7 years$16,662$15,543$14,497$13,520$12,608$10,294
8 years$14,432$13,323$12,295$11,342$10,459$8,260
9 years$12,698$11,600$10,590$9,661$8,808$6,723
10 years$11,312$10,225$9,232$8,328$7,505$5,530
11 years$10,179$9,103$8,128$7,247$6,455$4,588
12 years$9,236$8,170$7,213$6,357$5,593$3,832
13 years$8,438$7,384$6,445$5,612$4,878$3,218
14 years$7,754$6,711$5,791$4,982$4,276$2,714
15 years$7,163$6,131$5,228$4,443$3,765$2,298
16 years$6,646$5,625$4,740$3,978$3,327$1,951
17 years$6,190$5,181$4,313$3,574$2,950$1,661
18 years$5,785$4,787$3,937$3,221$2,623$1,417
19 years$5,423$4,437$3,605$2,911$2,338$1,211
20 years$5,098$4,123$3,308$2,636$2,088$1,036
21 years$4,804$3,840$3,043$2,393$1,869$888
22 years$4,537$3,585$2,804$2,175$1,675$762
23 years$4,294$3,353$2,589$1,981$1,504$654
24 years$4,072$3,141$2,395$1,807$1,352$562
25 years$3,867$2,948$2,218$1,650$1,216$484
26 years$3,679$2,770$2,057$1,509$1,096$416
27 years$3,505$2,607$1,910$1,381$988$358
28 years$3,343$2,457$1,776$1,265$891$309
29 years$3,193$2,318$1,652$1,160$805$266
30 years$3,053$2,189$1,539$1,065$727$229
31 years$2,923$2,069$1,435$978$657$198
32 years$2,801$1,958$1,339$899$595$170
33 years$2,686$1,854$1,250$827$538$147
34 years$2,579$1,757$1,168$761$487$127
35 years$2,478$1,667$1,092$700$441$109
36 years$2,382$1,582$1,022$645$400$94
37 years$2,292$1,503$956$594$362$81
38 years$2,207$1,428$895$548$329$70
39 years$2,127$1,358$839$505$298$61
40 years$2,051$1,292$786$466$270$52
41 years$1,978$1,230$737$430$245$45
42 years$1,910$1,171$692$397$222$39
43 years$1,844$1,116$649$366$202$34
44 years$1,782$1,064$609$338$183$29
45 years$1,723$1,014$572$312$166$25
46 years$1,666$968$537$288$151$22
47 years$1,613$923$505$266$137$19
48 years$1,561$882$474$246$125$16
49 years$1,512$842$446$227$113$14
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 $3,789 every year, while hoping to spend $43,950 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: 30/46/24 Blend
50$1,500,000$1,500,000$1,500,000$1,500,000
51$1,656,908$1,577,408$1,554,158$1,694,191
52$1,779,151$1,607,939$1,559,460$1,753,751
53$1,912,388$1,638,492$1,563,467$1,813,627
54$2,057,697$1,669,024$1,566,088$1,877,142
55$2,216,260$1,699,484$1,567,230$1,944,640
56$2,389,380$1,729,820$1,566,793$2,016,502
57$2,578,490$1,759,974$1,564,674$2,093,149
58$2,785,170$1,789,887$1,560,764$2,175,047
59$3,011,156$1,819,490$1,554,949$2,262,709
60$3,258,363$1,848,714$1,547,109$2,356,705
61$3,528,897$1,877,482$1,537,118$2,457,663
62$3,825,079$1,905,713$1,524,846$2,566,278
63$4,149,462$1,933,318$1,510,153$2,683,318
64$4,504,861$1,960,204$1,492,897$2,809,633
65$4,894,373$1,986,271$1,472,925$2,946,161
66$5,321,410$2,011,409$1,450,080$3,093,938
67$5,789,732$2,035,506$1,424,195$3,254,112
68$6,303,477$2,058,438$1,395,098$3,427,948
69$6,867,205$2,080,075$1,362,607$3,616,845
70$7,485,937$2,100,276$1,326,531$3,822,350
71$8,165,205$2,118,892$1,286,673$4,046,170
72$8,911,103$2,135,765$1,242,824$4,290,193
73$9,730,344$2,150,726$1,194,767$4,556,501
74$10,630,323$2,163,595$1,142,275$4,847,396
75$11,619,185$2,174,180$1,085,110$5,165,420
76$12,705,904$2,182,278$1,023,024$5,513,382
77$13,900,369$2,187,671$955,758$5,894,379
78$15,213,470$2,190,131$883,039$6,311,836
79$16,657,209$2,189,412$804,585$6,769,531
80$18,244,805$2,185,254$720,100$7,271,637
81$19,990,826$2,177,383$629,275$7,822,759
82$21,911,321$2,165,505$531,786$8,427,984
83$24,023,971$2,149,310$427,296$9,092,922
84$26,348,258$2,128,469$315,453$9,823,769
85$28,905,649$2,102,632$195,889$10,627,361
86$31,719,795$2,071,431$68,221$11,511,246
87$34,816,755$2,034,472$0$12,483,749
88$38,225,244$1,991,341$0$13,571,480
89$41,976,900$1,941,597$0$14,786,933
90$46,106,584$1,884,776$0$16,123,921
91$50,652,709$1,820,384$0$17,594,904
92$55,657,602$1,747,899$0$19,213,622
93$61,167,900$1,666,769$0$20,995,227
94$67,234,996$1,576,410$0$22,956,425
95$73,915,516$1,476,205$0$25,115,639
96$81,271,859$1,365,500$0$27,493,182
97$89,372,784$1,243,605$0$30,111,452
98$98,294,056$1,109,789$0$32,995,141
99$108,119,163$963,282$0$36,171,480
100$118,940,103$803,269$0$39,670,487