Can I retire at age 51 with 1,540,000?

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$127,172$126,039$124,934$123,855$122,802$118,634
2 years$62,956$61,784$60,647$59,546$58,477$54,319
3 years$41,554$40,376$39,243$38,152$37,100$33,084
4 years$30,855$29,681$28,559$27,486$26,460$22,616
5 years$24,437$23,270$22,163$21,112$20,115$16,452
6 years$20,160$19,002$17,911$16,883$15,916$12,438
7 years$17,106$15,958$14,884$13,881$12,944$9,651
8 years$14,817$13,679$12,623$11,644$10,738$7,627
9 years$13,037$11,910$10,872$9,918$9,043$6,110
10 years$11,614$10,498$9,478$8,550$7,705$4,945
11 years$10,451$9,346$8,345$7,441$6,627$4,035
12 years$9,482$8,388$7,406$6,527$5,743$3,313
13 years$8,663$7,580$6,617$5,762$5,008$2,733
14 years$7,961$6,890$5,945$5,115$4,390$2,264
15 years$7,354$6,295$5,368$4,562$3,865$1,882
16 years$6,823$5,775$4,866$4,084$3,416$1,569
17 years$6,355$5,319$4,428$3,670$3,029$1,310
18 years$5,939$4,915$4,042$3,307$2,693$1,096
19 years$5,568$4,555$3,701$2,988$2,400$919
20 years$5,234$4,233$3,396$2,707$2,144$771
21 years$4,932$3,943$3,124$2,456$1,919$648
22 years$4,658$3,680$2,879$2,233$1,720$544
23 years$4,409$3,442$2,658$2,034$1,544$458
24 years$4,180$3,225$2,459$1,855$1,388$386
25 years$3,970$3,026$2,277$1,694$1,249$325
26 years$3,777$2,844$2,112$1,549$1,125$274
27 years$3,598$2,677$1,961$1,418$1,014$231
28 years$3,432$2,522$1,823$1,299$915$195
29 years$3,278$2,380$1,697$1,191$826$164
30 years$3,135$2,247$1,580$1,093$747$138
31 years$3,001$2,124$1,473$1,004$675$117
32 years$2,875$2,010$1,375$923$611$99
33 years$2,758$1,904$1,283$849$553$83
34 years$2,648$1,804$1,199$781$500$70
35 years$2,544$1,711$1,121$719$453$59
36 years$2,446$1,624$1,049$662$411$50
37 years$2,354$1,543$982$610$372$42
38 years$2,266$1,466$919$562$337$36
39 years$2,184$1,394$861$518$306$30
40 years$2,105$1,326$807$478$277$25
41 years$2,031$1,263$757$441$252$21
42 years$1,961$1,202$710$407$228$18
43 years$1,894$1,146$666$376$207$15
44 years$1,830$1,092$625$347$188$13
45 years$1,769$1,041$587$320$171$11
46 years$1,711$993$552$296$155$9
47 years$1,656$948$518$273$141$8
48 years$1,603$905$487$253$128$7
49 years$1,552$864$458$234$116$6
50 years$1,504$826$430$216$106$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,540,000, adding $3,771 every year, while hoping to spend $49,957 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: 25/50/25 Blend
50$1,540,000$1,540,000$1,540,000$1,540,000
51$1,700,970$1,619,350$1,595,480$1,729,971
52$1,821,315$1,645,544$1,595,774$1,780,271
53$1,952,261$1,671,348$1,594,405$1,829,625
54$2,094,836$1,696,688$1,591,262$1,881,484
55$2,250,173$1,721,489$1,586,232$1,936,092
56$2,419,516$1,745,668$1,579,197$1,993,717
57$2,604,236$1,769,136$1,570,030$2,054,659
58$2,805,843$1,791,798$1,558,601$2,119,249
59$3,025,998$1,813,554$1,544,772$2,187,857
60$3,266,527$1,834,296$1,528,400$2,260,894
61$3,529,445$1,853,909$1,509,333$2,338,813
62$3,816,967$1,872,269$1,487,414$2,422,121
63$4,131,533$1,889,245$1,462,478$2,511,379
64$4,475,829$1,904,699$1,434,351$2,607,208
65$4,852,815$1,918,480$1,402,853$2,710,299
66$5,265,747$1,930,431$1,367,794$2,821,418
67$5,718,214$1,940,382$1,328,976$2,941,413
68$6,214,166$1,948,155$1,286,191$3,071,226
69$6,757,955$1,953,559$1,239,222$3,211,899
70$7,354,374$1,956,391$1,187,843$3,364,589
71$8,008,701$1,956,435$1,131,817$3,530,574
72$8,726,752$1,953,464$1,070,896$3,711,274
73$9,514,930$1,947,233$1,004,821$3,908,259
74$10,380,292$1,937,486$933,321$4,123,267
75$11,330,607$1,923,948$856,113$4,358,223
76$12,374,437$1,906,330$772,901$4,615,258
77$13,521,214$1,884,324$683,377$4,896,728
78$14,781,327$1,857,605$587,219$5,205,242
79$16,166,220$1,825,826$484,089$5,543,684
80$17,688,505$1,788,621$373,636$5,915,248
81$19,362,072$1,745,604$255,493$6,323,461
82$21,202,228$1,696,363$129,277$6,772,225
83$23,225,834$1,640,463$0$7,265,857
84$25,451,469$1,577,446$0$7,810,570
85$27,899,601$1,506,823$0$8,447,085
86$30,592,784$1,428,080$0$9,146,825
87$33,555,864$1,340,673$0$9,916,347
88$36,816,222$1,244,026$0$10,762,893
89$40,404,022$1,137,529$0$11,694,451
90$44,352,503$1,020,538$0$12,719,841
91$48,698,289$892,375$0$13,848,795
92$53,481,732$752,318$0$15,092,052
93$58,747,297$599,610$0$16,461,462
94$64,543,978$433,448$0$17,970,101
95$70,925,761$252,984$0$19,632,397
96$77,952,132$57,324$0$21,464,268
97$85,688,639$0$0$23,483,275
98$94,207,510$0$0$25,793,786
99$103,588,333$0$0$28,373,151
100$113,918,806$0$0$31,213,985