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%16%
1 years$125,520$124,402$123,311$122,247$121,207$118,229
2 years$62,139$60,981$59,860$58,772$57,718$54,736
3 years$41,014$39,852$38,733$37,656$36,618$33,726
4 years$30,454$29,295$28,188$27,129$26,117$23,335
5 years$24,120$22,968$21,875$20,838$19,853$17,192
6 years$19,898$18,755$17,678$16,664$15,709$13,169
7 years$16,884$15,751$14,691$13,700$12,776$10,358
8 years$14,624$13,501$12,459$11,493$10,599$8,303
9 years$12,868$11,755$10,731$9,789$8,926$6,749
10 years$11,463$10,362$9,355$8,439$7,605$5,545
11 years$10,315$9,224$8,236$7,344$6,541$4,594
12 years$9,359$8,279$7,310$6,442$5,668$3,832
13 years$8,550$7,482$6,531$5,687$4,943$3,214
14 years$7,858$6,801$5,868$5,048$4,333$2,707
15 years$7,258$6,213$5,298$4,502$3,815$2,289
16 years$6,734$5,700$4,803$4,031$3,372$1,941
17 years$6,272$5,250$4,371$3,622$2,989$1,650
18 years$5,862$4,851$3,990$3,264$2,658$1,405
19 years$5,495$4,496$3,653$2,950$2,369$1,199
20 years$5,166$4,178$3,352$2,671$2,116$1,025
21 years$4,868$3,891$3,083$2,424$1,894$877
22 years$4,598$3,632$2,842$2,204$1,698$751
23 years$4,352$3,397$2,624$2,008$1,524$644
24 years$4,126$3,183$2,427$1,831$1,370$553
25 years$3,919$2,987$2,248$1,672$1,232$474
26 years$3,728$2,807$2,084$1,529$1,110$408
27 years$3,551$2,642$1,936$1,399$1,001$350
28 years$3,388$2,490$1,799$1,282$903$301
29 years$3,236$2,349$1,675$1,176$815$259
30 years$3,094$2,218$1,560$1,079$737$223
31 years$2,962$2,097$1,454$991$666$192
32 years$2,838$1,984$1,357$911$603$165
33 years$2,722$1,879$1,267$838$545$142
34 years$2,613$1,781$1,184$771$494$122
35 years$2,511$1,689$1,107$709$447$105
36 years$2,414$1,603$1,035$653$405$91
37 years$2,323$1,523$969$602$367$78
38 years$2,237$1,447$907$555$333$67
39 years$2,155$1,376$850$512$302$58
40 years$2,078$1,309$797$472$274$50
41 years$2,005$1,246$747$435$248$43
42 years$1,935$1,187$701$402$225$37
43 years$1,869$1,131$658$371$205$32
44 years$1,806$1,078$617$342$186$28
45 years$1,746$1,028$580$316$169$24
46 years$1,689$981$544$292$153$21
47 years$1,634$936$511$270$139$18
48 years$1,582$893$481$249$126$15
49 years$1,532$853$452$231$115$13
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 $6,754 every year, while hoping to spend $30,020 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: 66/17/17 Blend
50$1,520,000$1,520,000$1,520,000$1,520,000
51$1,682,007$1,601,447$1,577,887$1,785,603
52$1,821,630$1,647,977$1,598,805$1,902,292
53$1,974,490$1,695,780$1,619,418$2,025,698
54$2,141,902$1,744,888$1,639,683$2,159,863
55$2,325,321$1,795,332$1,659,557$2,305,841
56$2,526,344$1,847,144$1,678,992$2,464,794
57$2,746,732$1,900,355$1,697,940$2,637,997
58$2,988,425$1,954,999$1,716,347$2,826,859
59$3,253,559$2,011,108$1,734,159$3,032,930
60$3,544,486$2,068,717$1,751,317$3,257,917
61$3,863,798$2,127,858$1,767,761$3,503,700
62$4,214,350$2,188,568$1,783,426$3,772,351
63$4,599,287$2,250,881$1,798,243$4,066,150
64$5,022,071$2,314,831$1,812,142$4,387,611
65$5,486,520$2,380,456$1,825,046$4,739,503
66$5,996,837$2,447,790$1,836,877$5,124,875
67$6,557,653$2,516,870$1,847,551$5,547,089
68$7,174,070$2,587,733$1,856,981$6,009,845
69$7,851,710$2,660,416$1,865,074$6,517,224
70$8,596,763$2,734,956$1,871,733$7,073,717
71$9,416,054$2,811,390$1,876,857$7,684,278
72$10,317,099$2,889,755$1,880,339$8,354,360
73$11,308,179$2,970,089$1,882,067$9,089,974
74$12,398,420$3,052,430$1,881,922$9,897,743
75$13,597,875$3,136,815$1,879,783$10,784,965
76$14,917,620$3,223,282$1,875,518$11,759,680
77$16,369,862$3,311,867$1,868,993$12,830,748
78$17,968,048$3,402,609$1,860,064$14,007,931
79$19,726,996$3,495,543$1,848,582$15,301,988
80$21,663,031$3,590,707$1,834,392$16,724,772
81$23,794,145$3,688,136$1,817,328$18,289,345
82$26,140,158$3,787,865$1,797,220$20,010,101
83$28,722,914$3,889,930$1,773,886$21,902,900
84$31,566,480$3,994,365$1,747,140$23,985,221
85$34,697,375$4,101,203$1,716,783$26,276,323
86$38,144,821$4,210,476$1,682,609$28,797,430
87$41,941,019$4,322,215$1,644,403$31,571,929
88$46,121,449$4,436,451$1,601,937$34,625,592
89$50,725,211$4,553,211$1,554,976$37,986,821
90$55,795,387$4,672,522$1,503,271$41,686,912
91$61,379,451$4,794,410$1,446,566$45,760,353
92$67,529,717$4,918,898$1,384,588$50,245,149
93$74,303,831$5,046,008$1,317,054$55,183,183
94$81,765,317$5,175,757$1,243,671$60,620,608
95$89,984,172$5,308,162$1,164,127$66,608,284
96$99,037,533$5,443,238$1,078,101$73,202,258
97$109,010,399$5,580,993$985,254$80,464,297
98$119,996,434$5,721,437$885,235$88,462,463
99$132,098,855$5,864,572$777,675$97,271,764
100$145,431,401$6,010,398$662,189$106,974,857