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

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 $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$127,172$126,039$124,934$123,855$122,802$121,875
2 years$62,956$61,784$60,647$59,546$58,477$57,542
3 years$41,554$40,376$39,243$38,152$37,100$36,187
4 years$30,855$29,681$28,559$27,486$26,460$25,575
5 years$24,437$23,270$22,163$21,112$20,115$19,261
6 years$20,160$19,002$17,911$16,883$15,916$15,094
7 years$17,106$15,958$14,884$13,881$12,944$12,155
8 years$14,817$13,679$12,623$11,644$10,738$9,981
9 years$13,037$11,910$10,872$9,918$9,043$8,318
10 years$11,614$10,498$9,478$8,550$7,705$7,012
11 years$10,451$9,346$8,345$7,441$6,627$5,965
12 years$9,482$8,388$7,406$6,527$5,743$5,112
13 years$8,663$7,580$6,617$5,762$5,008$4,407
14 years$7,961$6,890$5,945$5,115$4,390$3,818
15 years$7,354$6,295$5,368$4,562$3,865$3,322
16 years$6,823$5,775$4,866$4,084$3,416$2,901
17 years$6,355$5,319$4,428$3,670$3,029$2,541
18 years$5,939$4,915$4,042$3,307$2,693$2,231
19 years$5,568$4,555$3,701$2,988$2,400$1,963
20 years$5,234$4,233$3,396$2,707$2,144$1,731
21 years$4,932$3,943$3,124$2,456$1,919$1,529
22 years$4,658$3,680$2,879$2,233$1,720$1,352
23 years$4,409$3,442$2,658$2,034$1,544$1,198
24 years$4,180$3,225$2,459$1,855$1,388$1,062
25 years$3,970$3,026$2,277$1,694$1,249$943
26 years$3,777$2,844$2,112$1,549$1,125$837
27 years$3,598$2,677$1,961$1,418$1,014$744
28 years$3,432$2,522$1,823$1,299$915$662
29 years$3,278$2,380$1,697$1,191$826$589
30 years$3,135$2,247$1,580$1,093$747$525
31 years$3,001$2,124$1,473$1,004$675$468
32 years$2,875$2,010$1,375$923$611$417
33 years$2,758$1,904$1,283$849$553$372
34 years$2,648$1,804$1,199$781$500$332
35 years$2,544$1,711$1,121$719$453$296
36 years$2,446$1,624$1,049$662$411$264
37 years$2,354$1,543$982$610$372$236
38 years$2,266$1,466$919$562$337$211
39 years$2,184$1,394$861$518$306$188
40 years$2,105$1,326$807$478$277$168
41 years$2,031$1,263$757$441$252$150
42 years$1,961$1,202$710$407$228$134
43 years$1,894$1,146$666$376$207$120
44 years$1,830$1,092$625$347$188$107
45 years$1,769$1,041$587$320$171$96
46 years$1,711$993$552$296$155$86
47 years$1,656$948$518$273$141$76
48 years$1,603$905$487$253$128$68
49 years$1,552$864$458$234$116$61
50 years$1,504$826$430$216$106$55

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 $4,829 every year, while hoping to spend $23,687 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: 72/21/7 Blend
50$1,540,000$1,540,000$1,540,000$1,540,000
51$1,702,061$1,620,441$1,596,571$1,822,526
52$1,850,469$1,674,640$1,624,853$1,956,862
53$2,013,220$1,730,701$1,653,289$2,100,470
54$2,191,753$1,788,689$1,681,859$2,257,037
55$2,387,651$1,848,675$1,710,541$2,427,832
56$2,602,660$1,910,728$1,739,313$2,614,255
57$2,838,701$1,974,924$1,768,149$2,817,845
58$3,097,891$2,041,338$1,797,025$3,040,296
59$3,382,562$2,110,050$1,825,912$3,283,474
60$3,695,284$2,181,142$1,854,780$3,549,434
61$4,038,885$2,254,701$1,883,597$3,840,438
62$4,416,484$2,330,814$1,912,331$4,158,976
63$4,831,516$2,409,574$1,940,945$4,507,792
64$5,287,765$2,491,077$1,969,400$4,889,907
65$5,789,399$2,575,422$1,997,657$5,308,648
66$6,341,012$2,662,712$2,025,672$5,767,677
67$6,947,663$2,753,053$2,053,401$6,271,031
68$7,614,929$2,846,557$2,080,794$6,823,155
69$8,348,952$2,943,338$2,107,801$7,428,945
70$9,156,500$3,043,517$2,134,367$8,093,792
71$10,045,031$3,147,217$2,160,436$8,823,637
72$11,022,761$3,254,568$2,185,948$9,625,024
73$12,098,743$3,365,702$2,210,837$10,505,161
74$13,282,952$3,480,759$2,235,038$11,471,988
75$14,586,381$3,599,883$2,258,479$12,534,253
76$16,021,139$3,723,225$2,281,085$13,701,593
77$17,600,570$3,850,938$2,302,777$14,984,625
78$19,339,381$3,983,186$2,323,472$16,395,045
79$21,253,771$4,120,136$2,343,082$17,945,739
80$23,361,596$4,261,963$2,361,515$19,650,906
81$25,682,526$4,408,847$2,378,674$21,526,186
82$28,238,241$4,560,977$2,394,456$23,588,815
83$31,052,624$4,718,548$2,408,754$25,857,778
84$34,151,999$4,881,764$2,421,454$28,353,999
85$37,565,368$5,050,836$2,432,438$31,100,526
86$41,324,692$5,225,983$2,441,581$34,122,758
87$45,465,188$5,407,433$2,448,751$37,448,680
88$50,025,663$5,595,424$2,453,810$41,109,125
89$55,048,883$5,790,201$2,456,615$45,138,067
90$60,581,970$5,992,022$2,457,012$49,572,943
91$66,676,852$6,201,152$2,454,843$54,455,000
92$73,390,751$6,417,869$2,449,941$59,829,691
93$80,786,722$6,642,459$2,442,129$65,747,097
94$88,934,252$6,875,223$2,431,224$72,262,403
95$97,909,908$7,116,472$2,417,033$79,436,418
96$107,798,070$7,366,530$2,399,354$87,336,146
97$118,691,716$7,625,733$2,377,975$96,035,421
98$130,693,309$7,894,432$2,352,675$105,615,602
99$143,915,758$8,172,990$2,323,221$116,166,339
100$158,483,486$8,461,788$2,289,370$127,786,421