Can I retire at age 51 with 1,550,000?

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$127,998$126,857$125,745$124,659$123,599$118,742
2 years$63,365$62,185$61,041$59,932$58,857$54,023
3 years$41,824$40,639$39,498$38,399$37,341$32,682
4 years$31,055$29,874$28,744$27,664$26,632$22,184
5 years$24,596$23,421$22,307$21,249$20,245$16,019
6 years$20,291$19,125$18,027$16,993$16,019$12,018
7 years$17,217$16,061$14,981$13,971$13,028$9,251
8 years$14,913$13,768$12,705$11,720$10,808$7,250
9 years$13,122$11,987$10,943$9,983$9,102$5,758
10 years$11,690$10,566$9,540$8,605$7,755$4,620
11 years$10,519$9,406$8,399$7,489$6,670$3,735
12 years$9,543$8,443$7,454$6,569$5,780$3,038
13 years$8,719$7,630$6,659$5,799$5,040$2,483
14 years$8,013$6,935$5,984$5,148$4,418$2,037
15 years$7,402$6,335$5,402$4,591$3,890$1,676
16 years$6,867$5,813$4,898$4,111$3,438$1,383
17 years$6,396$5,353$4,457$3,694$3,048$1,143
18 years$5,978$4,947$4,069$3,329$2,711$947
19 years$5,604$4,584$3,725$3,008$2,416$785
20 years$5,268$4,260$3,418$2,724$2,158$652
21 years$4,964$3,968$3,144$2,472$1,931$541
22 years$4,689$3,704$2,898$2,248$1,731$450
23 years$4,437$3,464$2,676$2,047$1,554$375
24 years$4,207$3,246$2,475$1,867$1,397$312
25 years$3,996$3,046$2,292$1,705$1,257$260
26 years$3,801$2,863$2,126$1,559$1,132$216
27 years$3,621$2,694$1,974$1,427$1,021$180
28 years$3,455$2,539$1,835$1,308$921$150
29 years$3,300$2,395$1,708$1,199$832$125
30 years$3,155$2,262$1,591$1,100$751$105
31 years$3,020$2,138$1,483$1,011$679$87
32 years$2,894$2,023$1,383$929$615$73
33 years$2,776$1,916$1,292$854$556$61
34 years$2,665$1,816$1,207$786$504$51
35 years$2,560$1,722$1,128$723$456$42
36 years$2,462$1,635$1,056$666$413$35
37 years$2,369$1,553$988$614$374$29
38 years$2,281$1,476$925$566$340$25
39 years$2,198$1,403$867$522$308$21
40 years$2,119$1,335$813$481$279$17
41 years$2,044$1,271$762$444$253$14
42 years$1,973$1,210$715$410$230$12
43 years$1,906$1,153$671$378$209$10
44 years$1,842$1,099$629$349$189$8
45 years$1,780$1,048$591$323$172$7
46 years$1,722$1,000$555$298$156$6
47 years$1,666$954$522$275$142$5
48 years$1,613$911$490$254$129$4
49 years$1,562$870$461$235$117$3
50 years$1,513$831$433$217$106$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,550,000, adding $4,347 every year, while hoping to spend $33,110 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: 31/44/25 Blend
50$1,550,000$1,550,000$1,550,000$1,550,000
51$1,712,584$1,630,434$1,606,409$1,752,376
52$1,852,039$1,675,096$1,624,995$1,827,878
53$2,004,608$1,720,838$1,643,094$1,905,855
54$2,171,595$1,767,676$1,660,654$1,989,127
55$2,354,434$1,815,628$1,677,622$2,078,178
56$2,554,704$1,864,712$1,693,941$2,173,541
57$2,774,146$1,914,945$1,709,550$2,275,803
58$3,014,675$1,966,343$1,724,386$2,385,609
59$3,278,401$2,018,923$1,738,382$2,503,670
60$3,567,649$2,072,701$1,751,469$2,630,771
61$3,884,978$2,127,692$1,763,571$2,767,773
62$4,233,207$2,183,910$1,774,612$2,915,626
63$4,615,442$2,241,370$1,784,510$3,075,377
64$5,035,105$2,300,084$1,793,178$3,248,178
65$5,495,963$2,360,066$1,800,527$3,435,299
66$6,002,167$2,421,326$1,806,461$3,638,139
67$6,558,292$2,483,874$1,810,881$3,858,240
68$7,169,374$2,547,720$1,813,682$4,097,299
69$7,840,964$2,612,872$1,814,754$4,357,189
70$8,579,176$2,679,337$1,813,982$4,639,970
71$9,390,746$2,747,118$1,811,245$4,947,916
72$10,283,096$2,816,221$1,806,415$5,283,531
73$11,264,402$2,886,646$1,799,361$5,649,574
74$12,343,673$2,958,394$1,789,941$6,049,088
75$13,530,834$3,031,462$1,778,011$6,485,424
76$14,836,821$3,105,845$1,763,416$6,962,276
77$16,273,682$3,181,537$1,745,996$7,483,716
78$17,854,694$3,258,529$1,725,583$8,054,232
79$19,594,484$3,336,807$1,702,001$8,678,769
80$21,509,168$3,416,358$1,675,065$9,362,779
81$23,616,506$3,497,162$1,644,582$10,112,270
82$25,936,064$3,579,198$1,610,350$10,933,865
83$28,489,403$3,662,439$1,572,158$11,834,863
84$31,300,281$3,746,857$1,529,784$12,823,310
85$34,394,874$3,832,418$1,482,996$13,908,072
86$37,802,028$3,919,083$1,431,553$15,098,923
87$41,553,526$4,006,810$1,375,202$16,406,637
88$45,684,391$4,095,549$1,313,676$17,843,087
89$50,233,216$4,185,247$1,246,701$19,421,362
90$55,242,524$4,275,844$1,173,986$21,155,885
91$60,759,176$4,367,275$1,095,228$23,062,557
92$66,834,806$4,459,466$1,010,113$25,158,903
93$73,526,314$4,552,337$918,309$27,464,238
94$80,896,398$4,645,802$819,472$29,999,852
95$89,014,148$4,739,763$713,242$32,789,211
96$97,955,697$4,834,118$599,242$35,858,178
97$107,804,941$4,928,753$477,080$39,235,260
98$118,654,327$5,023,544$346,344$42,951,876
99$130,605,730$5,118,359$206,608$47,042,657
100$143,771,408$5,213,052$57,423$51,545,770