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%14.2%
1 years$123,869$122,765$121,689$120,638$119,612$117,534
2 years$61,321$60,179$59,072$57,999$56,958$54,871
3 years$40,475$39,328$38,224$37,161$36,137$34,106
4 years$30,053$28,910$27,817$26,772$25,773$23,814
5 years$23,802$22,666$21,587$20,564$19,592$17,711
6 years$19,636$18,508$17,446$16,445$15,503$13,701
7 years$16,662$15,543$14,497$13,520$12,608$10,886
8 years$14,432$13,323$12,295$11,342$10,459$8,817
9 years$12,698$11,600$10,590$9,661$8,808$7,245
10 years$11,312$10,225$9,232$8,328$7,505$6,019
11 years$10,179$9,103$8,128$7,247$6,455$5,045
12 years$9,236$8,170$7,213$6,357$5,593$4,257
13 years$8,438$7,384$6,445$5,612$4,878$3,613
14 years$7,754$6,711$5,791$4,982$4,276$3,081
15 years$7,163$6,131$5,228$4,443$3,765$2,637
16 years$6,646$5,625$4,740$3,978$3,327$2,265
17 years$6,190$5,181$4,313$3,574$2,950$1,950
18 years$5,785$4,787$3,937$3,221$2,623$1,683
19 years$5,423$4,437$3,605$2,911$2,338$1,456
20 years$5,098$4,123$3,308$2,636$2,088$1,261
21 years$4,804$3,840$3,043$2,393$1,869$1,094
22 years$4,537$3,585$2,804$2,175$1,675$950
23 years$4,294$3,353$2,589$1,981$1,504$826
24 years$4,072$3,141$2,395$1,807$1,352$719
25 years$3,867$2,948$2,218$1,650$1,216$626
26 years$3,679$2,770$2,057$1,509$1,096$546
27 years$3,505$2,607$1,910$1,381$988$476
28 years$3,343$2,457$1,776$1,265$891$415
29 years$3,193$2,318$1,652$1,160$805$363
30 years$3,053$2,189$1,539$1,065$727$317
31 years$2,923$2,069$1,435$978$657$277
32 years$2,801$1,958$1,339$899$595$242
33 years$2,686$1,854$1,250$827$538$211
34 years$2,579$1,757$1,168$761$487$185
35 years$2,478$1,667$1,092$700$441$162
36 years$2,382$1,582$1,022$645$400$141
37 years$2,292$1,503$956$594$362$124
38 years$2,207$1,428$895$548$329$108
39 years$2,127$1,358$839$505$298$95
40 years$2,051$1,292$786$466$270$83
41 years$1,978$1,230$737$430$245$72
42 years$1,910$1,171$692$397$222$63
43 years$1,844$1,116$649$366$202$55
44 years$1,782$1,064$609$338$183$49
45 years$1,723$1,014$572$312$166$43
46 years$1,666$968$537$288$151$37
47 years$1,613$923$505$266$137$33
48 years$1,561$882$474$246$125$29
49 years$1,512$842$446$227$113$25
50 years$1,465$804$419$210$103$22

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 $2,523 every year, while hoping to spend $37,921 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: 33/40/27 Blend
50$1,500,000$1,500,000$1,500,000$1,500,000
51$1,655,602$1,576,102$1,552,852$1,696,563
52$1,784,126$1,612,984$1,564,525$1,764,710
53$1,924,489$1,650,401$1,575,318$1,834,546
54$2,077,857$1,688,342$1,585,162$1,909,068
55$2,245,516$1,726,788$1,593,983$1,988,717
56$2,428,882$1,765,724$1,601,705$2,073,979
57$2,629,513$1,805,129$1,608,246$2,165,389
58$2,849,123$1,844,981$1,613,523$2,263,540
59$3,089,603$1,885,254$1,617,445$2,369,081
60$3,353,033$1,925,922$1,619,920$2,482,733
61$3,641,704$1,966,954$1,620,849$2,605,289
62$3,958,139$2,008,316$1,620,128$2,737,623
63$4,305,117$2,049,971$1,617,651$2,880,700
64$4,685,700$2,091,880$1,613,303$3,035,586
65$5,103,258$2,133,999$1,606,965$3,203,454
66$5,561,504$2,176,279$1,598,513$3,385,601
67$6,064,530$2,218,670$1,587,815$3,583,456
68$6,616,841$2,261,113$1,574,736$3,798,594
69$7,223,400$2,303,549$1,559,130$4,032,757
70$7,889,674$2,345,910$1,540,849$4,287,862
71$8,621,688$2,388,126$1,519,734$4,566,027
72$9,426,075$2,430,120$1,495,621$4,869,585
73$10,310,147$2,471,808$1,468,336$5,201,112
74$11,281,957$2,513,102$1,437,700$5,563,450
75$12,350,377$2,553,904$1,403,523$5,959,732
76$13,525,181$2,594,111$1,365,607$6,393,414
77$14,817,141$2,633,614$1,323,746$6,868,309
78$16,238,120$2,672,292$1,277,723$7,388,621
79$17,801,193$2,710,019$1,227,311$7,958,989
80$19,520,763$2,746,658$1,172,274$8,584,527
81$21,412,701$2,782,064$1,112,365$9,270,876
82$23,494,492$2,816,080$1,047,325$10,024,259
83$25,785,402$2,848,541$976,883$10,851,537
84$28,306,662$2,879,268$900,757$11,760,276
85$31,081,662$2,908,072$818,653$12,758,821
86$34,136,174$2,934,751$730,260$13,856,374
87$37,498,599$2,959,089$635,259$15,063,083
88$41,200,227$2,980,856$533,312$16,390,137
89$45,275,541$2,999,807$424,068$17,849,876
90$49,762,532$3,015,684$307,160$19,455,904
91$54,703,066$3,028,208$182,206$21,223,223
92$60,143,274$3,037,086$48,805$23,168,375
93$66,133,990$3,042,005$0$25,309,598
94$72,731,225$3,042,632$0$27,693,955
95$79,996,703$3,038,614$0$30,333,419
96$87,998,437$3,029,576$0$33,238,492
97$96,811,373$3,015,120$0$36,436,260
98$106,518,096$2,994,825$0$39,956,579
99$117,209,613$2,968,242$0$43,832,355
100$128,986,204$2,934,897$0$48,099,855