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

Use the below retirement simulation to view the chances of a successful retirement.
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%16.2%
1 years$125,520$124,402$123,311$122,247$121,207$118,133
2 years$62,139$60,981$59,860$58,772$57,718$54,641
3 years$41,014$39,852$38,733$37,656$36,618$33,635
4 years$30,454$29,295$28,188$27,129$26,117$23,249
5 years$24,120$22,968$21,875$20,838$19,853$17,110
6 years$19,898$18,755$17,678$16,664$15,709$13,093
7 years$16,884$15,751$14,691$13,700$12,776$10,286
8 years$14,624$13,501$12,459$11,493$10,599$8,235
9 years$12,868$11,755$10,731$9,789$8,926$6,686
10 years$11,463$10,362$9,355$8,439$7,605$5,487
11 years$10,315$9,224$8,236$7,344$6,541$4,540
12 years$9,359$8,279$7,310$6,442$5,668$3,782
13 years$8,550$7,482$6,531$5,687$4,943$3,168
14 years$7,858$6,801$5,868$5,048$4,333$2,664
15 years$7,258$6,213$5,298$4,502$3,815$2,249
16 years$6,734$5,700$4,803$4,031$3,372$1,905
17 years$6,272$5,250$4,371$3,622$2,989$1,617
18 years$5,862$4,851$3,990$3,264$2,658$1,375
19 years$5,495$4,496$3,653$2,950$2,369$1,172
20 years$5,166$4,178$3,352$2,671$2,116$1,000
21 years$4,868$3,891$3,083$2,424$1,894$854
22 years$4,598$3,632$2,842$2,204$1,698$731
23 years$4,352$3,397$2,624$2,008$1,524$625
24 years$4,126$3,183$2,427$1,831$1,370$536
25 years$3,919$2,987$2,248$1,672$1,232$459
26 years$3,728$2,807$2,084$1,529$1,110$394
27 years$3,551$2,642$1,936$1,399$1,001$338
28 years$3,388$2,490$1,799$1,282$903$290
29 years$3,236$2,349$1,675$1,176$815$249
30 years$3,094$2,218$1,560$1,079$737$214
31 years$2,962$2,097$1,454$991$666$184
32 years$2,838$1,984$1,357$911$603$158
33 years$2,722$1,879$1,267$838$545$136
34 years$2,613$1,781$1,184$771$494$117
35 years$2,511$1,689$1,107$709$447$100
36 years$2,414$1,603$1,035$653$405$86
37 years$2,323$1,523$969$602$367$74
38 years$2,237$1,447$907$555$333$64
39 years$2,155$1,376$850$512$302$55
40 years$2,078$1,309$797$472$274$47
41 years$2,005$1,246$747$435$248$41
42 years$1,935$1,187$701$402$225$35
43 years$1,869$1,131$658$371$205$30
44 years$1,806$1,078$617$342$186$26
45 years$1,746$1,028$580$316$169$22
46 years$1,689$981$544$292$153$19
47 years$1,634$936$511$270$139$17
48 years$1,582$893$481$249$126$14
49 years$1,532$853$452$231$115$12
50 years$1,484$815$425$213$104$11

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 $3,876 every year, while hoping to spend $21,230 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: 74/5/21 Blend
50$1,520,000$1,520,000$1,520,000$1,520,000
51$1,679,038$1,598,478$1,574,918$1,794,535
52$1,827,711$1,654,215$1,605,089$1,927,505
53$1,990,838$1,711,971$1,635,560$2,070,235
54$2,169,869$1,771,824$1,666,317$2,226,108
55$2,366,405$1,833,852$1,697,347$2,396,432
56$2,582,206$1,898,139$1,728,636$2,582,642
57$2,819,214$1,964,770$1,760,168$2,786,324
58$3,079,565$2,033,835$1,791,925$3,009,221
59$3,365,615$2,105,428$1,823,889$3,253,254
60$3,679,958$2,179,644$1,856,040$3,520,540
61$4,025,452$2,256,585$1,888,356$3,813,410
62$4,405,246$2,336,356$1,920,814$4,134,433
63$4,822,809$2,419,065$1,953,389$4,486,438
64$5,281,962$2,504,826$1,986,054$4,872,541
65$5,786,917$2,593,757$2,018,781$5,296,176
66$6,342,312$2,685,980$2,051,540$5,761,127
67$6,953,259$2,781,625$2,084,298$6,271,562
68$7,625,390$2,880,822$2,117,020$6,832,072
69$8,364,909$2,983,712$2,149,669$7,447,717
70$9,178,653$3,090,438$2,182,207$8,124,071
71$10,074,156$3,201,149$2,214,591$8,867,277
72$11,059,718$3,316,003$2,246,778$9,684,101
73$12,144,484$3,435,162$2,278,719$10,582,001
74$13,338,531$3,558,795$2,310,366$11,569,191
75$14,652,963$3,687,078$2,341,666$12,654,726
76$16,100,016$3,820,195$2,372,562$13,848,579
77$17,693,169$3,958,337$2,402,995$15,161,742
78$19,447,280$4,101,703$2,432,902$16,606,326
79$21,378,716$4,250,500$2,462,218$18,195,676
80$23,505,515$4,404,944$2,490,872$19,944,497
81$25,847,551$4,565,260$2,518,790$21,868,992
82$28,426,726$4,731,683$2,545,895$23,987,018
83$31,267,173$4,904,456$2,572,103$26,318,249
84$34,395,485$5,083,834$2,597,328$28,884,366
85$37,840,964$5,270,082$2,621,479$31,709,259
86$41,635,903$5,463,476$2,644,459$34,819,255
87$45,815,883$5,664,304$2,666,166$38,243,363
88$50,420,113$5,872,866$2,686,493$42,013,551
89$55,491,803$6,089,474$2,705,328$46,165,045
90$61,078,563$6,314,454$2,722,553$50,736,665
91$67,232,860$6,548,147$2,738,042$55,771,187
92$74,012,510$6,790,905$2,751,665$61,315,748
93$81,481,225$7,043,097$2,763,285$67,422,294
94$89,709,211$7,305,110$2,772,756$74,148,066
95$98,773,834$7,577,344$2,779,926$81,556,142
96$108,760,348$7,860,217$2,784,637$89,716,033
97$119,762,702$8,154,166$2,786,720$98,704,339
98$131,884,422$8,459,645$2,786,001$108,605,470
99$145,239,595$8,777,129$2,782,294$119,512,446
100$159,953,939$9,107,114$2,775,406$131,527,771