Can I retire at age 51 with 1,530,000?

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$126,346$125,221$124,123$123,051$122,004$118,146
2 years$62,548$61,383$60,254$59,159$58,097$54,245
3 years$41,284$40,114$38,988$37,904$36,859$33,134
4 years$30,655$29,488$28,373$27,308$26,288$22,719
5 years$24,278$23,119$22,019$20,975$19,984$16,579
6 years$20,029$18,878$17,795$16,774$15,813$12,576
7 years$16,995$15,854$14,787$13,791$12,860$9,791
8 years$14,721$13,590$12,541$11,569$10,669$7,765
9 years$12,952$11,832$10,801$9,854$8,984$6,244
10 years$11,539$10,430$9,417$8,494$7,655$5,073
11 years$10,383$9,285$8,291$7,392$6,584$4,155
12 years$9,420$8,334$7,358$6,484$5,705$3,425
13 years$8,606$7,531$6,574$5,725$4,975$2,837
14 years$7,910$6,846$5,906$5,082$4,361$2,361
15 years$7,306$6,254$5,333$4,532$3,840$1,970
16 years$6,778$5,738$4,835$4,058$3,394$1,649
17 years$6,313$5,284$4,399$3,646$3,009$1,384
18 years$5,901$4,883$4,016$3,286$2,676$1,163
19 years$5,532$4,525$3,677$2,969$2,385$979
20 years$5,200$4,205$3,374$2,689$2,130$825
21 years$4,900$3,917$3,104$2,440$1,906$697
22 years$4,628$3,656$2,860$2,219$1,709$588
23 years$4,380$3,420$2,641$2,021$1,534$497
24 years$4,153$3,204$2,443$1,843$1,379$421
25 years$3,945$3,007$2,262$1,683$1,241$356
26 years$3,752$2,826$2,098$1,539$1,117$301
27 years$3,575$2,660$1,948$1,409$1,007$255
28 years$3,410$2,506$1,811$1,291$909$216
29 years$3,257$2,364$1,686$1,184$821$183
30 years$3,114$2,233$1,570$1,086$742$155
31 years$2,981$2,111$1,464$998$671$132
32 years$2,857$1,997$1,366$917$607$112
33 years$2,740$1,891$1,275$843$549$95
34 years$2,630$1,793$1,191$776$497$80
35 years$2,527$1,700$1,114$714$450$68
36 years$2,430$1,614$1,042$658$408$58
37 years$2,338$1,533$975$606$370$49
38 years$2,252$1,457$913$559$335$42
39 years$2,170$1,385$856$515$304$35
40 years$2,092$1,318$802$475$276$30
41 years$2,018$1,254$752$438$250$25
42 years$1,948$1,195$705$404$227$22
43 years$1,881$1,138$662$373$206$18
44 years$1,818$1,085$621$345$187$16
45 years$1,757$1,035$583$318$170$13
46 years$1,700$987$548$294$154$11
47 years$1,645$942$515$272$140$10
48 years$1,592$899$484$251$127$8
49 years$1,542$859$455$232$115$7
50 years$1,494$820$428$214$105$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,530,000, adding $3,857 every year, while hoping to spend $48,134 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: 81/7/12 Blend
50$1,530,000$1,530,000$1,530,000$1,530,000
51$1,690,038$1,608,948$1,585,233$1,822,950
52$1,811,208$1,636,573$1,587,125$1,938,342
53$1,943,124$1,663,937$1,587,466$2,058,290
54$2,086,831$1,690,979$1,586,154$2,188,539
55$2,243,480$1,717,629$1,583,083$2,330,097
56$2,414,336$1,743,814$1,578,137$2,484,076
57$2,600,794$1,769,456$1,571,200$2,651,699
58$2,804,386$1,794,471$1,562,147$2,834,313
59$3,026,801$1,818,768$1,550,847$3,033,403
60$3,269,899$1,842,251$1,537,164$3,250,604
61$3,535,725$1,864,818$1,520,955$3,487,719
62$3,826,532$1,886,357$1,502,070$3,746,731
63$4,144,802$1,906,752$1,480,353$4,029,828
64$4,493,266$1,925,877$1,455,639$4,339,418
65$4,874,933$1,943,599$1,427,757$4,678,155
66$5,293,116$1,959,775$1,396,526$5,048,966
67$5,751,463$1,974,253$1,361,759$5,455,071
68$6,253,992$1,986,872$1,323,258$5,900,022
69$6,805,130$1,997,459$1,280,818$6,387,731
70$7,409,750$2,005,832$1,234,222$6,922,509
71$8,073,223$2,011,795$1,183,247$7,509,108
72$8,801,461$2,015,143$1,127,655$8,152,761
73$9,600,980$2,015,655$1,067,202$8,859,238
74$10,478,956$2,013,098$1,001,629$9,634,895
75$11,443,293$2,007,224$930,667$10,486,738
76$12,502,701$1,997,769$854,036$11,422,485
77$13,666,772$1,984,456$771,442$12,450,643
78$14,946,076$1,966,987$682,579$13,580,587
79$16,352,255$1,945,049$587,124$14,822,647
80$17,898,137$1,918,309$484,746$16,188,208
81$19,597,855$1,886,414$375,093$17,689,815
82$21,466,979$1,848,991$257,801$19,341,295
83$23,522,663$1,805,643$132,489$21,157,884
84$25,783,807$1,755,952$0$23,156,372
85$28,271,236$1,699,474$0$25,355,424
86$31,007,892$1,635,739$0$27,793,386
87$34,019,058$1,564,250$0$30,475,806
88$37,332,585$1,484,482$0$33,427,507
89$40,979,165$1,395,878$0$36,675,844
90$44,992,614$1,297,850$0$40,250,958
91$49,410,192$1,189,776$0$44,186,062
92$54,272,955$1,070,999$0$48,517,757
93$59,626,143$940,824$0$53,286,371
94$65,519,602$798,517$0$58,536,346
95$72,008,259$643,302$0$64,316,652
96$79,152,637$474,360$0$70,681,254
97$87,019,427$290,825$0$77,689,616
98$95,682,117$91,783$0$85,407,269
99$105,221,682$0$0$93,906,423
100$115,727,352$0$0$103,276,180