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%16.8%
1 years$126,346$125,221$124,123$123,051$122,004$118,622
2 years$62,548$61,383$60,254$59,159$58,097$54,715
3 years$41,284$40,114$38,988$37,904$36,859$33,583
4 years$30,655$29,488$28,373$27,308$26,288$23,143
5 years$24,278$23,119$22,019$20,975$19,984$16,978
6 years$20,029$18,878$17,795$16,774$15,813$12,949
7 years$16,995$15,854$14,787$13,791$12,860$10,139
8 years$14,721$13,590$12,541$11,569$10,669$8,089
9 years$12,952$11,832$10,801$9,854$8,984$6,543
10 years$11,539$10,430$9,417$8,494$7,655$5,350
11 years$10,383$9,285$8,291$7,392$6,584$4,410
12 years$9,420$8,334$7,358$6,484$5,705$3,659
13 years$8,606$7,531$6,574$5,725$4,975$3,052
14 years$7,910$6,846$5,906$5,082$4,361$2,557
15 years$7,306$6,254$5,333$4,532$3,840$2,149
16 years$6,778$5,738$4,835$4,058$3,394$1,812
17 years$6,313$5,284$4,399$3,646$3,009$1,531
18 years$5,901$4,883$4,016$3,286$2,676$1,297
19 years$5,532$4,525$3,677$2,969$2,385$1,100
20 years$5,200$4,205$3,374$2,689$2,130$934
21 years$4,900$3,917$3,104$2,440$1,906$795
22 years$4,628$3,656$2,860$2,219$1,709$676
23 years$4,380$3,420$2,641$2,021$1,534$576
24 years$4,153$3,204$2,443$1,843$1,379$491
25 years$3,945$3,007$2,262$1,683$1,241$419
26 years$3,752$2,826$2,098$1,539$1,117$358
27 years$3,575$2,660$1,948$1,409$1,007$306
28 years$3,410$2,506$1,811$1,291$909$261
29 years$3,257$2,364$1,686$1,184$821$223
30 years$3,114$2,233$1,570$1,086$742$191
31 years$2,981$2,111$1,464$998$671$163
32 years$2,857$1,997$1,366$917$607$139
33 years$2,740$1,891$1,275$843$549$119
34 years$2,630$1,793$1,191$776$497$102
35 years$2,527$1,700$1,114$714$450$87
36 years$2,430$1,614$1,042$658$408$75
37 years$2,338$1,533$975$606$370$64
38 years$2,252$1,457$913$559$335$55
39 years$2,170$1,385$856$515$304$47
40 years$2,092$1,318$802$475$276$40
41 years$2,018$1,254$752$438$250$34
42 years$1,948$1,195$705$404$227$29
43 years$1,881$1,138$662$373$206$25
44 years$1,818$1,085$621$345$187$22
45 years$1,757$1,035$583$318$170$18
46 years$1,700$987$548$294$154$16
47 years$1,645$942$515$272$140$13
48 years$1,592$899$484$251$127$12
49 years$1,542$859$455$232$115$10
50 years$1,494$820$428$214$105$8

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 $3,594 every year, while hoping to spend $49,317 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: 65/30/5 Blend
50$1,530,000$1,530,000$1,530,000$1,530,000
51$1,689,767$1,608,677$1,584,962$1,798,227
52$1,809,651$1,635,029$1,585,586$1,897,070
53$1,940,109$1,661,020$1,584,577$1,998,781
54$2,082,169$1,686,579$1,581,829$2,108,581
55$2,236,961$1,711,632$1,577,231$2,227,251
56$2,405,728$1,736,099$1,570,665$2,355,648
57$2,589,837$1,759,893$1,562,008$2,494,721
58$2,790,796$1,782,923$1,551,130$2,645,513
59$3,010,261$1,805,090$1,537,897$2,809,173
60$3,250,059$1,826,290$1,522,167$2,986,968
61$3,512,197$1,846,411$1,503,792$3,180,295
62$3,798,888$1,865,332$1,482,616$3,390,693
63$4,112,567$1,882,926$1,458,477$3,619,858
64$4,455,918$1,899,058$1,431,204$3,869,659
65$4,831,891$1,913,582$1,400,619$4,142,157
66$5,243,741$1,926,344$1,366,536$4,439,624
67$5,695,047$1,937,179$1,328,760$4,764,564
68$6,189,754$1,945,914$1,287,086$5,119,736
69$6,732,207$1,952,361$1,241,302$5,508,182
70$7,327,190$1,956,325$1,191,183$5,933,257
71$7,979,972$1,957,593$1,136,496$6,398,657
72$8,696,358$1,955,945$1,076,998$6,908,458
73$9,482,743$1,951,142$1,012,433$7,467,151
74$10,346,168$1,942,933$942,535$8,079,690
75$11,294,392$1,931,052$867,026$8,751,532
76$12,335,963$1,915,216$785,613$9,488,697
77$13,480,293$1,895,124$697,994$10,297,818
78$14,737,757$1,870,459$603,850$11,186,209
79$16,119,780$1,840,883$502,851$12,161,932
80$17,638,950$1,806,039$394,649$13,233,872
81$19,309,137$1,765,549$278,884$14,411,828
82$21,145,620$1,719,011$155,177$15,706,599
83$23,165,233$1,666,003$23,136$17,130,089
84$25,386,524$1,606,074$0$18,695,422
85$27,829,927$1,538,749$0$20,423,347
86$30,517,957$1,463,525$0$22,325,253
87$33,475,422$1,379,871$0$24,417,506
88$36,729,654$1,287,224$0$26,719,509
89$40,310,769$1,184,989$0$29,252,645
90$44,251,952$1,072,537$0$32,040,486
91$48,589,763$949,204$0$35,109,014
92$53,364,491$814,287$0$38,486,865
93$58,620,526$667,044$0$42,205,603
94$64,406,782$506,691$0$46,300,017
95$70,777,154$332,400$0$50,808,455
96$77,791,033$143,297$0$55,773,180
97$85,513,858$0$0$61,240,777
98$94,017,737$0$0$67,282,907
99$103,382,128$0$0$73,988,667
100$113,694,586$0$0$81,373,466