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%12.6%
1 years$127,172$126,039$124,934$123,855$122,802$121,469
2 years$62,956$61,784$60,647$59,546$58,477$57,135
3 years$41,554$40,376$39,243$38,152$37,100$35,791
4 years$30,855$29,681$28,559$27,486$26,460$25,193
5 years$24,437$23,270$22,163$21,112$20,115$18,894
6 years$20,160$19,002$17,911$16,883$15,916$14,743
7 years$17,106$15,958$14,884$13,881$12,944$11,819
8 years$14,817$13,679$12,623$11,644$10,738$9,662
9 years$13,037$11,910$10,872$9,918$9,043$8,014
10 years$11,614$10,498$9,478$8,550$7,705$6,724
11 years$10,451$9,346$8,345$7,441$6,627$5,691
12 years$9,482$8,388$7,406$6,527$5,743$4,853
13 years$8,663$7,580$6,617$5,762$5,008$4,162
14 years$7,961$6,890$5,945$5,115$4,390$3,587
15 years$7,354$6,295$5,368$4,562$3,865$3,104
16 years$6,823$5,775$4,866$4,084$3,416$2,696
17 years$6,355$5,319$4,428$3,670$3,029$2,348
18 years$5,939$4,915$4,042$3,307$2,693$2,050
19 years$5,568$4,555$3,701$2,988$2,400$1,794
20 years$5,234$4,233$3,396$2,707$2,144$1,572
21 years$4,932$3,943$3,124$2,456$1,919$1,380
22 years$4,658$3,680$2,879$2,233$1,720$1,214
23 years$4,409$3,442$2,658$2,034$1,544$1,068
24 years$4,180$3,225$2,459$1,855$1,388$942
25 years$3,970$3,026$2,277$1,694$1,249$830
26 years$3,777$2,844$2,112$1,549$1,125$733
27 years$3,598$2,677$1,961$1,418$1,014$648
28 years$3,432$2,522$1,823$1,299$915$572
29 years$3,278$2,380$1,697$1,191$826$506
30 years$3,135$2,247$1,580$1,093$747$448
31 years$3,001$2,124$1,473$1,004$675$397
32 years$2,875$2,010$1,375$923$611$351
33 years$2,758$1,904$1,283$849$553$311
34 years$2,648$1,804$1,199$781$500$276
35 years$2,544$1,711$1,121$719$453$244
36 years$2,446$1,624$1,049$662$411$217
37 years$2,354$1,543$982$610$372$192
38 years$2,266$1,466$919$562$337$170
39 years$2,184$1,394$861$518$306$151
40 years$2,105$1,326$807$478$277$134
41 years$2,031$1,263$757$441$252$119
42 years$1,961$1,202$710$407$228$105
43 years$1,894$1,146$666$376$207$94
44 years$1,830$1,092$625$347$188$83
45 years$1,769$1,041$587$320$171$74
46 years$1,711$993$552$296$155$65
47 years$1,656$948$518$273$141$58
48 years$1,603$905$487$253$128$52
49 years$1,552$864$458$234$116$46
50 years$1,504$826$430$216$106$41

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 $4,989 every year, while hoping to spend $44,542 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: 41/33/26 Blend
50$1,540,000$1,540,000$1,540,000$1,540,000
51$1,702,226$1,620,606$1,596,736$1,758,821
52$1,828,461$1,652,624$1,602,834$1,832,083
53$1,966,079$1,684,717$1,607,644$1,906,763
54$2,116,194$1,716,843$1,611,075$1,986,733
55$2,280,032$1,748,955$1,613,033$2,072,507
56$2,458,943$1,781,002$1,613,417$2,164,649
57$2,654,414$1,812,929$1,612,125$2,263,784
58$2,868,079$1,844,677$1,609,046$2,370,601
59$3,101,739$1,876,183$1,604,066$2,485,862
60$3,357,378$1,907,378$1,597,064$2,610,406
61$3,637,179$1,938,188$1,587,914$2,745,160
62$3,943,547$1,968,534$1,576,484$2,891,148
63$4,279,128$1,998,331$1,562,635$3,049,500
64$4,646,838$2,027,489$1,546,223$3,221,462
65$5,049,889$2,055,910$1,527,095$3,408,412
66$5,491,818$2,083,488$1,505,092$3,611,867
67$5,976,518$2,110,114$1,480,048$3,833,506
68$6,508,280$2,135,668$1,451,787$4,075,177
69$7,091,830$2,160,021$1,420,127$4,338,923
70$7,732,373$2,183,038$1,384,878$4,626,998
71$8,435,643$2,204,574$1,345,839$4,941,888
72$9,207,955$2,224,475$1,302,801$5,286,338
73$10,056,267$2,242,575$1,255,545$5,663,375
74$10,988,243$2,258,698$1,203,843$6,076,340
75$12,012,327$2,272,657$1,147,455$6,528,919
76$13,137,821$2,284,255$1,086,132$7,025,180
77$14,374,974$2,293,278$1,019,612$7,569,608
78$15,735,074$2,299,501$947,621$8,167,155
79$17,230,560$2,302,686$869,876$8,823,280
80$18,875,138$2,302,578$786,077$9,544,008
81$20,683,905$2,298,907$695,913$10,335,984
82$22,673,496$2,291,386$599,060$11,206,537
83$24,862,240$2,279,712$495,176$12,163,752
84$27,270,332$2,263,561$383,907$13,216,546
85$29,920,022$2,242,591$264,884$14,374,756
86$32,835,825$2,216,440$137,719$15,649,228
87$36,044,756$2,184,721$2,009$17,051,926
88$39,576,577$2,147,029$0$18,596,044
89$43,464,084$2,102,930$0$20,335,753
90$47,743,414$2,051,967$0$22,250,648
91$52,454,385$1,993,655$0$24,357,993
92$57,640,871$1,927,483$0$26,677,433
93$63,351,216$1,852,906$0$29,230,623
94$69,638,693$1,769,351$0$32,041,430
95$76,562,000$1,676,210$0$35,136,167
96$84,185,819$1,572,839$0$38,543,833
97$92,581,425$1,458,561$0$42,296,395
98$101,827,355$1,332,655$0$46,429,089
99$112,010,152$1,194,362$0$50,980,752
100$123,225,182$1,042,880$0$55,994,192