Can I retire at age 51 with 1,510,000?

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 $1,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$124,694$123,584$122,500$121,442$120,410$118,220
2 years$61,730$60,580$59,466$58,386$57,338$55,140
3 years$40,744$39,590$38,478$37,408$36,377$34,240
4 years$30,254$29,103$28,002$26,951$25,945$23,883
5 years$23,961$22,817$21,731$20,701$19,723$17,744
6 years$19,767$18,632$17,562$16,554$15,606$13,711
7 years$16,773$15,647$14,594$13,610$12,692$10,882
8 years$14,528$13,412$12,377$11,417$10,529$8,804
9 years$12,783$11,678$10,660$9,725$8,867$7,225
10 years$11,388$10,293$9,294$8,383$7,555$5,996
11 years$10,247$9,164$8,182$7,296$6,498$5,018
12 years$9,297$8,225$7,261$6,399$5,631$4,230
13 years$8,494$7,433$6,488$5,650$4,910$3,585
14 years$7,806$6,756$5,829$5,015$4,304$3,053
15 years$7,211$6,172$5,263$4,473$3,790$2,610
16 years$6,690$5,663$4,772$4,005$3,349$2,238
17 years$6,231$5,215$4,342$3,598$2,970$1,925
18 years$5,823$4,819$3,964$3,243$2,641$1,659
19 years$5,459$4,466$3,629$2,930$2,354$1,432
20 years$5,132$4,150$3,330$2,654$2,102$1,239
21 years$4,836$3,866$3,063$2,408$1,881$1,073
22 years$4,568$3,608$2,823$2,190$1,686$931
23 years$4,323$3,375$2,607$1,994$1,514$808
24 years$4,099$3,162$2,411$1,819$1,361$702
25 years$3,893$2,967$2,233$1,661$1,224$611
26 years$3,703$2,789$2,071$1,519$1,103$531
27 years$3,528$2,625$1,923$1,390$994$463
28 years$3,365$2,473$1,788$1,274$897$403
29 years$3,214$2,333$1,664$1,168$810$351
30 years$3,074$2,204$1,549$1,072$732$306
31 years$2,942$2,083$1,445$985$662$267
32 years$2,819$1,971$1,348$905$599$233
33 years$2,704$1,867$1,258$832$542$203
34 years$2,596$1,769$1,176$766$491$177
35 years$2,494$1,678$1,099$705$444$155
36 years$2,398$1,593$1,028$649$403$135
37 years$2,308$1,513$963$598$365$118
38 years$2,222$1,438$901$551$331$103
39 years$2,141$1,367$844$508$300$90
40 years$2,064$1,301$792$469$272$79
41 years$1,992$1,238$742$433$247$69
42 years$1,922$1,179$696$399$224$60
43 years$1,857$1,123$653$368$203$52
44 years$1,794$1,071$613$340$184$46
45 years$1,734$1,021$576$314$167$40
46 years$1,678$974$541$290$152$35
47 years$1,623$930$508$268$138$31
48 years$1,571$887$477$248$125$27
49 years$1,522$847$449$229$114$23
50 years$1,474$809$422$212$103$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,510,000, adding $5,017 every year, while hoping to spend $44,790 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: 65/6/29 Blend
50$1,510,000$1,510,000$1,510,000$1,510,000
51$1,669,195$1,589,165$1,565,760$1,764,540
52$1,791,797$1,619,378$1,570,557$1,859,870
53$1,925,403$1,649,570$1,574,013$1,958,626
54$2,071,088$1,679,693$1,576,037$2,065,605
55$2,230,036$1,709,695$1,576,531$2,181,622
56$2,403,549$1,739,519$1,575,394$2,307,576
57$2,593,061$1,769,106$1,572,520$2,444,458
58$2,800,150$1,798,389$1,567,796$2,593,362
59$3,026,554$1,827,299$1,561,106$2,755,493
60$3,274,186$1,855,760$1,552,327$2,932,179
61$3,545,153$1,883,692$1,541,329$3,124,886
62$3,841,773$1,911,008$1,527,979$3,335,230
63$4,166,602$1,937,616$1,512,134$3,564,993
64$4,522,452$1,963,415$1,493,648$3,816,138
65$4,912,421$1,988,302$1,472,363$4,090,832
66$5,339,920$2,012,160$1,448,120$4,391,462
67$5,808,707$2,034,871$1,420,746$4,720,662
68$6,322,919$2,056,304$1,390,065$5,081,334
69$6,887,115$2,076,321$1,355,891$5,476,680
70$7,506,316$2,094,776$1,318,029$5,910,228
71$8,186,052$2,111,512$1,276,274$6,385,869
72$8,932,415$2,126,362$1,230,415$6,907,893
73$9,752,116$2,139,148$1,180,228$7,481,028
74$10,652,547$2,149,681$1,125,481$8,110,488
75$11,641,852$2,157,760$1,065,930$8,802,022
76$12,729,002$2,163,172$1,001,320$9,561,965
77$13,923,882$2,165,689$931,386$10,397,305
78$15,237,379$2,165,069$855,849$11,315,743
79$16,681,492$2,161,057$774,419$12,325,768
80$18,269,435$2,153,381$686,794$13,436,740
81$20,015,772$2,141,750$592,656$14,658,976
82$21,936,545$2,125,860$491,673$16,003,851
83$24,049,430$2,105,385$383,502$17,483,902
84$26,373,903$2,079,980$267,781$19,112,950
85$28,931,423$2,049,281$144,133$20,906,229
86$31,745,632$2,012,899$12,165$22,880,535
87$34,842,581$1,970,426$0$25,054,377
88$38,250,974$1,921,427$0$27,487,976
89$42,002,439$1,865,443$0$30,170,614
90$46,131,824$1,801,985$0$33,123,455
91$50,677,528$1,730,540$0$36,373,969
92$55,681,861$1,650,563$0$39,952,428
93$61,191,447$1,561,476$0$43,892,191
94$67,257,656$1,462,670$0$48,230,016
95$73,937,096$1,353,500$0$53,006,409
96$81,292,143$1,233,284$0$58,266,005
97$89,391,528$1,101,302$0$64,057,990
98$98,310,990$956,791$0$70,436,567
99$108,133,984$798,948$0$77,461,463
100$118,952,476$626,921$0$85,198,498