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

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 $1,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$126,346$125,221$124,123$123,051$122,004$118,910
2 years$62,548$61,383$60,254$59,159$58,097$55,000
3 years$41,284$40,114$38,988$37,904$36,859$33,856
4 years$30,655$29,488$28,373$27,308$26,288$23,402
5 years$24,278$23,119$22,019$20,975$19,984$17,222
6 years$20,029$18,878$17,795$16,774$15,813$13,179
7 years$16,995$15,854$14,787$13,791$12,860$10,354
8 years$14,721$13,590$12,541$11,569$10,669$8,289
9 years$12,952$11,832$10,801$9,854$8,984$6,730
10 years$11,539$10,430$9,417$8,494$7,655$5,523
11 years$10,383$9,285$8,291$7,392$6,584$4,570
12 years$9,420$8,334$7,358$6,484$5,705$3,807
13 years$8,606$7,531$6,574$5,725$4,975$3,188
14 years$7,910$6,846$5,906$5,082$4,361$2,682
15 years$7,306$6,254$5,333$4,532$3,840$2,264
16 years$6,778$5,738$4,835$4,058$3,394$1,917
17 years$6,313$5,284$4,399$3,646$3,009$1,627
18 years$5,901$4,883$4,016$3,286$2,676$1,384
19 years$5,532$4,525$3,677$2,969$2,385$1,179
20 years$5,200$4,205$3,374$2,689$2,130$1,006
21 years$4,900$3,917$3,104$2,440$1,906$860
22 years$4,628$3,656$2,860$2,219$1,709$735
23 years$4,380$3,420$2,641$2,021$1,534$629
24 years$4,153$3,204$2,443$1,843$1,379$539
25 years$3,945$3,007$2,262$1,683$1,241$462
26 years$3,752$2,826$2,098$1,539$1,117$396
27 years$3,575$2,660$1,948$1,409$1,007$340
28 years$3,410$2,506$1,811$1,291$909$292
29 years$3,257$2,364$1,686$1,184$821$251
30 years$3,114$2,233$1,570$1,086$742$215
31 years$2,981$2,111$1,464$998$671$185
32 years$2,857$1,997$1,366$917$607$159
33 years$2,740$1,891$1,275$843$549$137
34 years$2,630$1,793$1,191$776$497$118
35 years$2,527$1,700$1,114$714$450$101
36 years$2,430$1,614$1,042$658$408$87
37 years$2,338$1,533$975$606$370$75
38 years$2,252$1,457$913$559$335$64
39 years$2,170$1,385$856$515$304$55
40 years$2,092$1,318$802$475$276$48
41 years$2,018$1,254$752$438$250$41
42 years$1,948$1,195$705$404$227$35
43 years$1,881$1,138$662$373$206$30
44 years$1,818$1,085$621$345$187$26
45 years$1,757$1,035$583$318$170$22
46 years$1,700$987$548$294$154$19
47 years$1,645$942$515$272$140$17
48 years$1,592$899$484$251$127$14
49 years$1,542$859$455$232$115$12
50 years$1,494$820$428$214$105$11

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 $6,050 every year, while hoping to spend $30,114 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: 44/38/18 Blend
50$1,530,000$1,530,000$1,530,000$1,530,000
51$1,692,301$1,611,211$1,587,496$1,757,711
52$1,832,874$1,658,119$1,608,636$1,851,166
53$1,986,777$1,706,316$1,629,475$1,948,949
54$2,155,337$1,755,834$1,649,971$2,054,305
55$2,340,016$1,806,705$1,670,079$2,167,945
56$2,542,424$1,858,960$1,689,754$2,290,657
57$2,764,336$1,912,634$1,708,945$2,423,302
58$3,007,704$1,967,759$1,727,600$2,566,832
59$3,274,680$2,024,369$1,745,665$2,722,295
60$3,567,633$2,082,499$1,763,081$2,890,841
61$3,889,175$2,142,184$1,779,787$3,073,739
62$4,242,179$2,203,459$1,795,718$3,272,386
63$4,629,813$2,266,361$1,810,806$3,488,318
64$5,055,566$2,330,925$1,824,981$3,723,230
65$5,523,282$2,397,188$1,838,165$3,978,984
66$6,037,194$2,465,188$1,850,281$4,257,635
67$6,601,967$2,534,961$1,861,245$4,561,443
68$7,222,740$2,606,547$1,870,969$4,892,900
69$7,905,174$2,679,982$1,879,361$5,254,747
70$8,655,506$2,755,306$1,886,324$5,650,008
71$9,480,609$2,832,556$1,891,757$6,082,011
72$10,388,052$2,911,773$1,895,552$6,554,422
73$11,386,178$2,992,994$1,897,597$7,071,280
74$12,484,177$3,076,260$1,897,776$7,637,037
75$13,692,174$3,161,608$1,895,963$8,256,594
76$15,021,328$3,249,079$1,892,030$8,935,354
77$16,483,931$3,338,711$1,885,840$9,679,266
78$18,093,528$3,430,544$1,877,252$10,494,888
79$19,865,043$3,524,616$1,866,115$11,389,445
80$21,814,922$3,620,966$1,852,274$12,370,896
81$23,961,282$3,719,632$1,835,563$13,448,012
82$26,324,090$3,820,651$1,815,812$14,630,457
83$28,925,345$3,924,061$1,792,840$15,928,880
84$31,789,289$4,029,899$1,766,458$17,355,013
85$34,942,632$4,138,199$1,736,470$18,921,788
86$38,414,808$4,248,998$1,702,669$20,643,450
87$42,238,248$4,362,329$1,664,838$22,535,699
88$46,448,690$4,478,224$1,622,752$24,615,835
89$51,085,516$4,596,716$1,576,173$26,902,922
90$56,192,117$4,717,834$1,524,854$29,417,965
91$61,816,313$4,841,607$1,468,536$32,184,114
92$68,010,793$4,968,062$1,406,948$35,226,879
93$74,833,620$5,097,224$1,339,807$38,574,371
94$82,348,776$5,229,115$1,266,817$42,257,566
95$90,626,765$5,363,755$1,187,670$46,310,602
96$99,745,279$5,501,163$1,102,041$50,771,098
97$109,789,931$5,641,354$1,009,592$55,680,508
98$120,855,062$5,784,338$909,972$61,084,516
99$133,044,634$5,930,126$802,811$67,033,466
100$146,473,205$6,078,721$687,724$73,582,837