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%16.2%
1 years$124,694$123,584$122,500$121,442$120,410$117,356
2 years$61,730$60,580$59,466$58,386$57,338$54,281
3 years$40,744$39,590$38,478$37,408$36,377$33,413
4 years$30,254$29,103$28,002$26,951$25,945$23,096
5 years$23,961$22,817$21,731$20,701$19,723$16,997
6 years$19,767$18,632$17,562$16,554$15,606$13,006
7 years$16,773$15,647$14,594$13,610$12,692$10,219
8 years$14,528$13,412$12,377$11,417$10,529$8,181
9 years$12,783$11,678$10,660$9,725$8,867$6,642
10 years$11,388$10,293$9,294$8,383$7,555$5,450
11 years$10,247$9,164$8,182$7,296$6,498$4,510
12 years$9,297$8,225$7,261$6,399$5,631$3,757
13 years$8,494$7,433$6,488$5,650$4,910$3,147
14 years$7,806$6,756$5,829$5,015$4,304$2,647
15 years$7,211$6,172$5,263$4,473$3,790$2,235
16 years$6,690$5,663$4,772$4,005$3,349$1,892
17 years$6,231$5,215$4,342$3,598$2,970$1,606
18 years$5,823$4,819$3,964$3,243$2,641$1,366
19 years$5,459$4,466$3,629$2,930$2,354$1,164
20 years$5,132$4,150$3,330$2,654$2,102$993
21 years$4,836$3,866$3,063$2,408$1,881$849
22 years$4,568$3,608$2,823$2,190$1,686$726
23 years$4,323$3,375$2,607$1,994$1,514$621
24 years$4,099$3,162$2,411$1,819$1,361$532
25 years$3,893$2,967$2,233$1,661$1,224$456
26 years$3,703$2,789$2,071$1,519$1,103$391
27 years$3,528$2,625$1,923$1,390$994$336
28 years$3,365$2,473$1,788$1,274$897$288
29 years$3,214$2,333$1,664$1,168$810$248
30 years$3,074$2,204$1,549$1,072$732$213
31 years$2,942$2,083$1,445$985$662$183
32 years$2,819$1,971$1,348$905$599$157
33 years$2,704$1,867$1,258$832$542$135
34 years$2,596$1,769$1,176$766$491$116
35 years$2,494$1,678$1,099$705$444$100
36 years$2,398$1,593$1,028$649$403$86
37 years$2,308$1,513$963$598$365$74
38 years$2,222$1,438$901$551$331$63
39 years$2,141$1,367$844$508$300$55
40 years$2,064$1,301$792$469$272$47
41 years$1,992$1,238$742$433$247$40
42 years$1,922$1,179$696$399$224$35
43 years$1,857$1,123$653$368$203$30
44 years$1,794$1,071$613$340$184$26
45 years$1,734$1,021$576$314$167$22
46 years$1,678$974$541$290$152$19
47 years$1,623$930$508$268$138$16
48 years$1,571$887$477$248$125$14
49 years$1,522$847$449$229$114$12
50 years$1,474$809$422$212$103$10

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 $4,025 every year, while hoping to spend $25,683 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: 47/47/6 Blend
50$1,510,000$1,510,000$1,510,000$1,510,000
51$1,668,172$1,588,142$1,564,737$1,743,741
52$1,810,999$1,638,634$1,589,829$1,846,464
53$1,967,533$1,690,740$1,614,901$1,954,847
54$2,139,147$1,744,511$1,639,925$2,071,860
55$2,327,348$1,800,001$1,664,871$2,198,309
56$2,533,802$1,857,265$1,689,709$2,335,082
57$2,760,340$1,916,361$1,714,404$2,483,153
58$3,008,979$1,977,347$1,738,921$2,643,595
59$3,281,943$2,040,285$1,763,222$2,817,586
60$3,581,679$2,105,237$1,787,269$3,006,424
61$3,910,885$2,172,269$1,811,017$3,211,535
62$4,272,533$2,241,447$1,834,423$3,434,488
63$4,669,894$2,312,841$1,857,440$3,677,010
64$5,106,576$2,386,523$1,880,017$3,941,001
65$5,586,551$2,462,567$1,902,101$4,228,551
66$6,114,194$2,541,048$1,923,637$4,541,962
67$6,694,329$2,622,046$1,944,565$4,883,766
68$7,332,266$2,705,642$1,964,824$5,256,751
69$8,033,859$2,791,921$1,984,348$5,663,986
70$8,805,557$2,880,968$2,003,067$6,108,849
71$9,654,463$2,972,875$2,020,909$6,595,061
72$10,588,406$3,067,734$2,037,797$7,126,716
73$11,616,010$3,165,640$2,053,651$7,708,324
74$12,746,780$3,266,692$2,068,384$8,344,850
75$13,991,184$3,370,993$2,081,908$9,041,764
76$15,360,761$3,478,648$2,094,128$9,805,086
77$16,868,223$3,589,767$2,104,946$10,641,448
78$18,527,578$3,704,461$2,114,257$11,558,156
79$20,354,258$3,822,847$2,121,952$12,563,252
80$22,365,271$3,945,045$2,127,916$13,665,599
81$24,579,356$4,071,179$2,132,029$14,874,955
82$27,017,162$4,201,379$2,134,164$16,202,071
83$29,701,441$4,335,775$2,134,187$17,658,789
84$32,657,266$4,474,506$2,131,960$19,258,153
85$35,912,262$4,617,712$2,127,336$21,014,534
86$39,496,873$4,765,540$2,120,161$22,943,760
87$43,444,643$4,918,140$2,110,276$25,063,272
88$47,792,537$5,075,669$2,097,510$27,392,281
89$52,581,287$5,238,288$2,081,688$29,951,954
90$57,855,778$5,406,164$2,062,625$32,765,607
91$63,665,470$5,579,469$2,040,125$35,858,932
92$70,064,865$5,758,380$2,013,986$39,260,233
93$77,114,022$5,943,081$1,983,995$43,000,694
94$84,879,123$6,133,763$1,949,930$47,114,674
95$93,433,098$6,330,621$1,911,557$51,640,028
96$102,856,312$6,533,860$1,868,632$56,618,467
97$113,237,324$6,743,687$1,820,900$62,095,946
98$124,673,724$6,960,321$1,768,093$68,123,101
99$137,273,052$7,183,985$1,709,932$74,755,725
100$151,153,813$7,414,910$1,646,125$82,055,293