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

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 $1,550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$127,998$126,857$125,745$124,659$123,599$120,076
2 years$63,365$62,185$61,041$59,932$58,857$55,335
3 years$41,824$40,639$39,498$38,399$37,341$33,930
4 years$31,055$29,874$28,744$27,664$26,632$23,359
5 years$24,596$23,421$22,307$21,249$20,245$17,118
6 years$20,291$19,125$18,027$16,993$16,019$13,042
7 years$17,217$16,061$14,981$13,971$13,028$10,200
8 years$14,913$13,768$12,705$11,720$10,808$8,128
9 years$13,122$11,987$10,943$9,983$9,102$6,567
10 years$11,690$10,566$9,540$8,605$7,755$5,362
11 years$10,519$9,406$8,399$7,489$6,670$4,415
12 years$9,543$8,443$7,454$6,569$5,780$3,658
13 years$8,719$7,630$6,659$5,799$5,040$3,047
14 years$8,013$6,935$5,984$5,148$4,418$2,549
15 years$7,402$6,335$5,402$4,591$3,890$2,140
16 years$6,867$5,813$4,898$4,111$3,438$1,802
17 years$6,396$5,353$4,457$3,694$3,048$1,520
18 years$5,978$4,947$4,069$3,329$2,711$1,286
19 years$5,604$4,584$3,725$3,008$2,416$1,089
20 years$5,268$4,260$3,418$2,724$2,158$923
21 years$4,964$3,968$3,144$2,472$1,931$784
22 years$4,689$3,704$2,898$2,248$1,731$666
23 years$4,437$3,464$2,676$2,047$1,554$567
24 years$4,207$3,246$2,475$1,867$1,397$483
25 years$3,996$3,046$2,292$1,705$1,257$411
26 years$3,801$2,863$2,126$1,559$1,132$350
27 years$3,621$2,694$1,974$1,427$1,021$299
28 years$3,455$2,539$1,835$1,308$921$255
29 years$3,300$2,395$1,708$1,199$832$217
30 years$3,155$2,262$1,591$1,100$751$185
31 years$3,020$2,138$1,483$1,011$679$158
32 years$2,894$2,023$1,383$929$615$135
33 years$2,776$1,916$1,292$854$556$115
34 years$2,665$1,816$1,207$786$504$99
35 years$2,560$1,722$1,128$723$456$84
36 years$2,462$1,635$1,056$666$413$72
37 years$2,369$1,553$988$614$374$61
38 years$2,281$1,476$925$566$340$52
39 years$2,198$1,403$867$522$308$45
40 years$2,119$1,335$813$481$279$38
41 years$2,044$1,271$762$444$253$33
42 years$1,973$1,210$715$410$230$28
43 years$1,906$1,153$671$378$209$24
44 years$1,842$1,099$629$349$189$20
45 years$1,780$1,048$591$323$172$17
46 years$1,722$1,000$555$298$156$15
47 years$1,666$954$522$275$142$13
48 years$1,613$911$490$254$129$11
49 years$1,562$870$461$235$117$9
50 years$1,513$831$433$217$106$8

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 $3,673 every year, while hoping to spend $38,624 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: 55/35/10 Blend
50$1,550,000$1,550,000$1,550,000$1,550,000
51$1,711,889$1,629,739$1,605,714$1,801,595
52$1,845,406$1,668,500$1,618,409$1,901,501
53$1,991,247$1,707,867$1,630,236$2,005,670
54$2,150,629$1,747,827$1,641,124$2,118,170
55$2,324,890$1,788,367$1,650,998$2,239,800
56$2,515,505$1,829,474$1,659,783$2,371,441
57$2,724,098$1,871,129$1,667,397$2,514,062
58$2,952,455$1,913,314$1,673,754$2,668,730
59$3,202,546$1,956,006$1,678,765$2,836,622
60$3,476,537$1,999,182$1,682,335$3,019,032
61$3,776,816$2,042,815$1,684,366$3,217,388
62$4,106,013$2,086,874$1,684,754$3,433,262
63$4,467,022$2,131,327$1,683,389$3,668,385
64$4,863,034$2,176,137$1,680,158$3,924,665
65$5,297,560$2,221,265$1,674,940$4,204,205
66$5,774,471$2,266,667$1,667,610$4,509,321
67$6,298,029$2,312,295$1,658,037$4,842,565
68$6,872,928$2,358,097$1,646,081$5,206,750
69$7,504,340$2,404,018$1,631,598$5,604,975
70$8,197,963$2,449,995$1,614,438$6,040,655
71$8,960,074$2,495,963$1,594,440$6,517,554
72$9,797,586$2,541,850$1,571,438$7,039,819
73$10,718,117$2,587,578$1,545,259$7,612,021
74$11,730,060$2,633,064$1,515,720$8,239,197
75$12,842,660$2,678,218$1,482,630$8,926,898
76$14,066,103$2,722,942$1,445,790$9,681,242
77$15,411,612$2,767,133$1,404,990$10,508,972
78$16,891,553$2,810,679$1,360,014$11,417,519
79$18,519,547$2,853,459$1,310,631$12,415,071
80$20,310,607$2,895,344$1,256,603$13,510,656
81$22,281,270$2,936,197$1,197,680$14,714,221
82$24,449,758$2,975,869$1,133,601$16,036,728
83$26,836,150$3,014,203$1,064,093$17,490,263
84$29,462,568$3,051,030$988,871$19,088,141
85$32,353,388$3,086,169$907,636$20,845,040
86$35,535,470$3,119,427$820,078$22,777,137
87$39,038,408$3,150,599$725,871$24,902,261
88$42,894,813$3,179,466$624,675$27,240,061
89$47,140,617$3,205,793$516,135$29,812,195
90$51,815,416$3,229,332$399,880$32,642,530
91$56,962,837$3,249,818$275,525$35,757,373
92$62,630,956$3,266,969$142,665$39,185,718
93$68,872,747$3,280,484$878$42,959,519
94$75,746,584$3,290,044$0$47,113,994
95$83,316,790$3,295,311$0$51,704,008
96$91,654,245$3,295,924$0$56,757,433
97$100,837,053$3,291,499$0$62,321,373
98$110,951,281$3,281,631$0$68,447,844
99$122,091,769$3,265,889$0$75,194,170
100$134,363,025$3,243,813$0$82,623,525