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%13.8%
1 years$127,172$126,039$124,934$123,855$122,802$120,867
2 years$62,956$61,784$60,647$59,546$58,477$56,533
3 years$41,554$40,376$39,243$38,152$37,100$35,207
4 years$30,855$29,681$28,559$27,486$26,460$24,633
5 years$24,437$23,270$22,163$21,112$20,115$18,358
6 years$20,160$19,002$17,911$16,883$15,916$14,232
7 years$17,106$15,958$14,884$13,881$12,944$11,334
8 years$14,817$13,679$12,623$11,644$10,738$9,201
9 years$13,037$11,910$10,872$9,918$9,043$7,578
10 years$11,614$10,498$9,478$8,550$7,705$6,312
11 years$10,451$9,346$8,345$7,441$6,627$5,303
12 years$9,482$8,388$7,406$6,527$5,743$4,487
13 years$8,663$7,580$6,617$5,762$5,008$3,818
14 years$7,961$6,890$5,945$5,115$4,390$3,265
15 years$7,354$6,295$5,368$4,562$3,865$2,802
16 years$6,823$5,775$4,866$4,084$3,416$2,413
17 years$6,355$5,319$4,428$3,670$3,029$2,084
18 years$5,939$4,915$4,042$3,307$2,693$1,804
19 years$5,568$4,555$3,701$2,988$2,400$1,565
20 years$5,234$4,233$3,396$2,707$2,144$1,359
21 years$4,932$3,943$3,124$2,456$1,919$1,183
22 years$4,658$3,680$2,879$2,233$1,720$1,031
23 years$4,409$3,442$2,658$2,034$1,544$899
24 years$4,180$3,225$2,459$1,855$1,388$785
25 years$3,970$3,026$2,277$1,694$1,249$686
26 years$3,777$2,844$2,112$1,549$1,125$600
27 years$3,598$2,677$1,961$1,418$1,014$525
28 years$3,432$2,522$1,823$1,299$915$459
29 years$3,278$2,380$1,697$1,191$826$402
30 years$3,135$2,247$1,580$1,093$747$352
31 years$3,001$2,124$1,473$1,004$675$309
32 years$2,875$2,010$1,375$923$611$271
33 years$2,758$1,904$1,283$849$553$237
34 years$2,648$1,804$1,199$781$500$208
35 years$2,544$1,711$1,121$719$453$183
36 years$2,446$1,624$1,049$662$411$160
37 years$2,354$1,543$982$610$372$141
38 years$2,266$1,466$919$562$337$124
39 years$2,184$1,394$861$518$306$109
40 years$2,105$1,326$807$478$277$95
41 years$2,031$1,263$757$441$252$84
42 years$1,961$1,202$710$407$228$73
43 years$1,894$1,146$666$376$207$65
44 years$1,830$1,092$625$347$188$57
45 years$1,769$1,041$587$320$171$50
46 years$1,711$993$552$296$155$44
47 years$1,656$948$518$273$141$38
48 years$1,603$905$487$253$128$34
49 years$1,552$864$458$234$116$30
50 years$1,504$826$430$216$106$26

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 $6,239 every year, while hoping to spend $22,559 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: 55/32/13 Blend
50$1,540,000$1,540,000$1,540,000$1,540,000
51$1,703,516$1,621,896$1,598,026$1,791,151
52$1,853,272$1,677,366$1,627,557$1,906,824
53$2,017,547$1,734,798$1,657,321$2,029,726
54$2,197,798$1,794,265$1,687,303$2,163,026
55$2,395,630$1,855,840$1,717,485$2,307,718
56$2,612,811$1,919,604$1,747,847$2,464,898
57$2,851,289$1,985,636$1,778,372$2,635,772
58$3,113,209$2,054,020$1,809,035$2,821,664
59$3,400,934$2,124,845$1,839,816$3,024,033
60$3,717,068$2,198,200$1,870,687$3,244,485
61$4,064,478$2,274,181$1,901,625$3,484,786
62$4,446,324$2,352,886$1,932,599$3,746,880
63$4,866,088$2,434,416$1,963,579$4,032,908
64$5,327,604$2,518,877$1,994,535$4,345,224
65$5,835,098$2,606,380$2,025,430$4,686,424
66$6,393,224$2,697,040$2,056,228$5,059,361
67$7,007,112$2,790,974$2,086,891$5,467,179
68$7,682,413$2,888,307$2,117,378$5,913,340
69$8,425,353$2,989,168$2,147,643$6,401,653
70$9,242,792$3,093,690$2,177,642$6,936,317
71$10,142,288$3,202,012$2,207,324$7,521,952
72$11,132,170$3,314,279$2,236,638$8,163,647
73$12,221,614$3,430,641$2,265,528$8,867,008
74$13,420,730$3,551,255$2,293,935$9,638,207
75$14,740,661$3,676,283$2,321,799$10,484,044
76$16,193,682$3,805,894$2,349,052$11,412,007
77$17,793,320$3,940,265$2,375,628$12,430,344
78$19,554,478$4,079,578$2,401,451$13,548,142
79$21,493,582$4,224,024$2,426,446$14,775,407
80$23,628,727$4,373,801$2,450,532$16,123,165
81$25,979,855$4,529,115$2,473,623$17,603,559
82$28,568,940$4,690,181$2,495,629$19,229,968
83$31,420,194$4,857,223$2,516,455$21,017,130
84$34,560,299$5,030,471$2,536,001$22,981,280
85$38,018,655$5,210,170$2,554,162$25,140,306
86$41,827,659$5,396,569$2,570,828$27,513,913
87$46,023,011$5,589,932$2,585,882$30,123,812
88$50,644,050$5,790,531$2,599,201$32,993,921
89$55,734,126$5,998,649$2,610,657$36,150,592
90$61,341,008$6,214,584$2,620,115$39,622,860
91$67,517,334$6,438,643$2,627,433$43,442,714
92$74,321,112$6,671,146$2,632,461$47,645,399
93$81,816,261$6,912,428$2,635,044$52,269,748
94$90,073,219$7,162,835$2,635,017$57,358,549
95$99,169,604$7,422,732$2,632,208$62,958,945
96$109,190,952$7,692,494$2,626,435$69,122,880
97$120,231,518$7,972,515$2,617,509$75,907,591
98$132,395,169$8,263,204$2,605,232$83,376,141
99$145,796,364$8,564,989$2,589,395$91,598,020
100$160,561,232$8,878,312$2,569,779$100,649,795