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%11.4%
1 years$125,520$124,402$123,311$122,247$121,207$120,494
2 years$62,139$60,981$59,860$58,772$57,718$56,998
3 years$41,014$39,852$38,733$37,656$36,618$35,915
4 years$30,454$29,295$28,188$27,129$26,117$25,434
5 years$24,120$22,968$21,875$20,838$19,853$19,194
6 years$19,898$18,755$17,678$16,664$15,709$15,075
7 years$16,884$15,751$14,691$13,700$12,776$12,166
8 years$14,624$13,501$12,459$11,493$10,599$10,013
9 years$12,868$11,755$10,731$9,789$8,926$8,365
10 years$11,463$10,362$9,355$8,439$7,605$7,068
11 years$10,315$9,224$8,236$7,344$6,541$6,027
12 years$9,359$8,279$7,310$6,442$5,668$5,178
13 years$8,550$7,482$6,531$5,687$4,943$4,476
14 years$7,858$6,801$5,868$5,048$4,333$3,888
15 years$7,258$6,213$5,298$4,502$3,815$3,392
16 years$6,734$5,700$4,803$4,031$3,372$2,970
17 years$6,272$5,250$4,371$3,622$2,989$2,608
18 years$5,862$4,851$3,990$3,264$2,658$2,297
19 years$5,495$4,496$3,653$2,950$2,369$2,027
20 years$5,166$4,178$3,352$2,671$2,116$1,792
21 years$4,868$3,891$3,083$2,424$1,894$1,588
22 years$4,598$3,632$2,842$2,204$1,698$1,409
23 years$4,352$3,397$2,624$2,008$1,524$1,251
24 years$4,126$3,183$2,427$1,831$1,370$1,113
25 years$3,919$2,987$2,248$1,672$1,232$991
26 years$3,728$2,807$2,084$1,529$1,110$883
27 years$3,551$2,642$1,936$1,399$1,001$787
28 years$3,388$2,490$1,799$1,282$903$703
29 years$3,236$2,349$1,675$1,176$815$627
30 years$3,094$2,218$1,560$1,079$737$561
31 years$2,962$2,097$1,454$991$666$501
32 years$2,838$1,984$1,357$911$603$448
33 years$2,722$1,879$1,267$838$545$401
34 years$2,613$1,781$1,184$771$494$359
35 years$2,511$1,689$1,107$709$447$321
36 years$2,414$1,603$1,035$653$405$288
37 years$2,323$1,523$969$602$367$258
38 years$2,237$1,447$907$555$333$231
39 years$2,155$1,376$850$512$302$207
40 years$2,078$1,309$797$472$274$185
41 years$2,005$1,246$747$435$248$166
42 years$1,935$1,187$701$402$225$149
43 years$1,869$1,131$658$371$205$134
44 years$1,806$1,078$617$342$186$120
45 years$1,746$1,028$580$316$169$108
46 years$1,689$981$544$292$153$96
47 years$1,634$936$511$270$139$86
48 years$1,582$893$481$249$126$78
49 years$1,532$853$452$231$115$70
50 years$1,484$815$425$213$104$62

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 $5,178 every year, while hoping to spend $49,319 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: 54/39/7 Blend
50$1,520,000$1,520,000$1,520,000$1,520,000
51$1,680,381$1,599,821$1,576,261$1,768,090
52$1,799,305$1,625,737$1,576,591$1,853,910
53$1,928,706$1,651,270$1,575,279$1,941,392
54$2,069,601$1,676,350$1,572,217$2,035,405
55$2,223,109$1,700,899$1,567,295$2,136,576
56$2,390,460$1,724,837$1,560,393$2,245,596
57$2,573,009$1,748,077$1,551,389$2,363,227
58$2,772,249$1,770,525$1,540,154$2,490,310
59$2,989,820$1,792,083$1,526,550$2,627,769
60$3,227,529$1,812,642$1,510,437$2,776,628
61$3,487,367$1,832,091$1,491,666$2,938,013
62$3,771,522$1,850,308$1,470,081$3,113,166
63$4,082,408$1,867,163$1,445,519$3,303,459
64$4,422,678$1,882,519$1,417,809$3,510,403
65$4,795,258$1,896,230$1,386,773$3,735,666
66$5,203,368$1,908,138$1,352,223$3,981,085
67$5,650,553$1,918,078$1,313,964$4,248,690
68$6,140,719$1,925,873$1,271,791$4,540,717
69$6,678,166$1,931,335$1,225,490$4,859,634
70$7,267,633$1,934,265$1,174,838$5,208,162
71$7,914,336$1,934,449$1,119,600$5,589,303
72$8,624,024$1,931,662$1,059,532$6,006,366
73$9,403,026$1,925,665$994,378$6,463,003
74$10,258,316$1,916,204$923,870$6,963,240
75$11,197,575$1,903,009$847,731$7,511,518
76$12,229,265$1,885,794$765,668$8,112,735
77$13,362,709$1,864,256$677,376$8,772,292
78$14,608,174$1,838,073$582,537$9,496,145
79$15,976,974$1,806,905$480,818$10,290,864
80$17,481,573$1,770,391$371,874$11,163,694
81$19,135,703$1,728,149$255,340$12,122,622
82$20,954,490$1,679,774$130,839$13,176,459
83$22,954,602$1,624,837$0$14,334,919
84$25,154,402$1,562,885$0$15,608,867
85$27,574,123$1,493,438$0$17,020,401
86$30,236,055$1,415,988$0$18,572,798
87$33,164,760$1,329,999$0$20,280,452
88$36,387,298$1,234,901$0$22,159,235
89$39,933,486$1,130,096$0$24,226,645
90$43,836,179$1,014,947$0$26,501,973
91$48,131,574$888,785$0$29,006,485
92$52,859,559$750,900$0$31,763,627
93$58,064,084$600,543$0$34,799,247
94$63,793,574$436,924$0$38,141,839
95$70,101,392$259,207$0$41,822,815
96$77,046,335$66,509$0$45,876,803
97$84,693,192$0$0$50,341,977
98$93,113,354$0$0$55,321,402
99$102,385,489$0$0$60,836,277
100$112,596,280$0$0$66,909,639