Can I retire at age 51 with 1,520,000?

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 $1,520,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$125,520$124,402$123,311$122,247$121,207$116,860
2 years$62,139$60,981$59,860$58,772$57,718$53,385
3 years$41,014$39,852$38,733$37,656$36,618$32,437
4 years$30,454$29,295$28,188$27,129$26,117$22,117
5 years$24,120$22,968$21,875$20,838$19,853$16,047
6 years$19,898$18,755$17,678$16,664$15,709$12,099
7 years$16,884$15,751$14,691$13,700$12,776$9,361
8 years$14,624$13,501$12,459$11,493$10,599$7,376
9 years$12,868$11,755$10,731$9,789$8,926$5,891
10 years$11,463$10,362$9,355$8,439$7,605$4,753
11 years$10,315$9,224$8,236$7,344$6,541$3,865
12 years$9,359$8,279$7,310$6,442$5,668$3,163
13 years$8,550$7,482$6,531$5,687$4,943$2,601
14 years$7,858$6,801$5,868$5,048$4,333$2,147
15 years$7,258$6,213$5,298$4,502$3,815$1,778
16 years$6,734$5,700$4,803$4,031$3,372$1,477
17 years$6,272$5,250$4,371$3,622$2,989$1,229
18 years$5,862$4,851$3,990$3,264$2,658$1,025
19 years$5,495$4,496$3,653$2,950$2,369$855
20 years$5,166$4,178$3,352$2,671$2,116$715
21 years$4,868$3,891$3,083$2,424$1,894$598
22 years$4,598$3,632$2,842$2,204$1,698$501
23 years$4,352$3,397$2,624$2,008$1,524$420
24 years$4,126$3,183$2,427$1,831$1,370$352
25 years$3,919$2,987$2,248$1,672$1,232$295
26 years$3,728$2,807$2,084$1,529$1,110$248
27 years$3,551$2,642$1,936$1,399$1,001$208
28 years$3,388$2,490$1,799$1,282$903$175
29 years$3,236$2,349$1,675$1,176$815$147
30 years$3,094$2,218$1,560$1,079$737$123
31 years$2,962$2,097$1,454$991$666$104
32 years$2,838$1,984$1,357$911$603$87
33 years$2,722$1,879$1,267$838$545$73
34 years$2,613$1,781$1,184$771$494$62
35 years$2,511$1,689$1,107$709$447$52
36 years$2,414$1,603$1,035$653$405$43
37 years$2,323$1,523$969$602$367$37
38 years$2,237$1,447$907$555$333$31
39 years$2,155$1,376$850$512$302$26
40 years$2,078$1,309$797$472$274$22
41 years$2,005$1,246$747$435$248$18
42 years$1,935$1,187$701$402$225$15
43 years$1,869$1,131$658$371$205$13
44 years$1,806$1,078$617$342$186$11
45 years$1,746$1,028$580$316$169$9
46 years$1,689$981$544$292$153$8
47 years$1,634$936$511$270$139$6
48 years$1,582$893$481$249$126$5
49 years$1,532$853$452$231$115$5
50 years$1,484$815$425$213$104$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,520,000, adding $4,710 every year, while hoping to spend $29,212 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: 53/28/19 Blend
50$1,520,000$1,520,000$1,520,000$1,520,000
51$1,679,898$1,599,338$1,575,778$1,759,987
52$1,820,167$1,646,625$1,597,486$1,862,728
53$1,973,763$1,695,249$1,618,941$1,971,005
54$2,142,017$1,745,246$1,640,105$2,088,191
55$2,326,390$1,796,651$1,660,937$2,215,143
56$2,528,496$1,849,500$1,681,392$2,352,804
57$2,750,107$1,903,831$1,701,423$2,502,212
58$2,993,180$1,959,680$1,720,983$2,664,511
59$3,259,867$2,017,087$1,740,018$2,840,959
60$3,552,539$2,076,090$1,758,475$3,032,942
61$3,873,810$2,136,730$1,776,295$3,241,986
62$4,226,555$2,199,047$1,793,418$3,469,773
63$4,613,946$2,263,082$1,809,779$3,718,152
64$5,039,473$2,328,878$1,825,311$3,989,163
65$5,506,984$2,396,477$1,839,944$4,285,051
66$6,020,715$2,465,923$1,853,601$4,608,290
67$6,585,336$2,537,261$1,866,204$4,961,602
68$7,205,988$2,610,536$1,877,671$5,347,990
69$7,888,340$2,685,792$1,887,913$5,770,759
70$8,638,632$2,763,078$1,896,840$6,233,551
71$9,463,743$2,842,439$1,904,355$6,740,378
72$10,371,251$2,923,925$1,910,356$7,295,660
73$11,369,504$3,007,582$1,914,739$7,904,267
74$12,467,701$3,093,461$1,917,390$8,571,564
75$13,675,976$3,181,611$1,918,193$9,303,462
76$15,005,498$3,272,082$1,917,024$10,106,475
77$16,468,570$3,364,926$1,913,756$10,987,778
78$18,078,750$3,460,193$1,908,252$11,955,278
79$19,850,975$3,557,935$1,900,371$13,017,688
80$21,801,705$3,658,204$1,889,965$14,184,607
81$23,949,077$3,761,054$1,876,876$15,466,612
82$26,313,074$3,866,536$1,860,942$16,875,360
83$28,915,715$3,974,705$1,841,992$18,423,693
84$31,781,266$4,085,613$1,819,846$20,125,764
85$34,936,462$4,199,314$1,794,318$21,997,167
86$38,410,762$4,315,863$1,765,209$24,055,085
87$42,236,632$4,435,311$1,732,315$26,318,456
88$46,449,840$4,557,714$1,695,420$28,808,145
89$51,089,806$4,683,124$1,654,299$31,547,146
90$56,199,965$4,811,595$1,608,716$34,560,797
91$61,828,177$4,943,180$1,558,424$37,877,021
92$68,027,186$5,077,930$1,503,166$41,526,585
93$74,855,108$5,215,898$1,442,671$45,543,397
94$82,375,987$5,357,134$1,376,658$49,964,822
95$90,660,393$5,501,690$1,304,832$54,832,034
96$99,786,094$5,649,613$1,226,884$60,190,408
97$109,838,784$5,800,952$1,142,493$66,089,946
98$120,912,895$5,955,754$1,051,322$72,585,750
99$133,112,488$6,114,064$953,019$79,738,542
100$146,552,233$6,275,925$847,217$87,615,238