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%14.1%
1 years$127,998$126,857$125,745$124,659$123,599$121,502
2 years$63,365$62,185$61,041$59,932$58,857$56,750
3 years$41,824$40,639$39,498$38,399$37,341$35,291
4 years$31,055$29,874$28,744$27,664$26,632$24,654
5 years$24,596$23,421$22,307$21,249$20,245$18,345
6 years$20,291$19,125$18,027$16,993$16,019$14,199
7 years$17,217$16,061$14,981$13,971$13,028$11,288
8 years$14,913$13,768$12,705$11,720$10,808$9,148
9 years$13,122$11,987$10,943$9,983$9,102$7,521
10 years$11,690$10,566$9,540$8,605$7,755$6,253
11 years$10,519$9,406$8,399$7,489$6,670$5,244
12 years$9,543$8,443$7,454$6,569$5,780$4,428
13 years$8,719$7,630$6,659$5,799$5,040$3,761
14 years$8,013$6,935$5,984$5,148$4,418$3,209
15 years$7,402$6,335$5,402$4,591$3,890$2,749
16 years$6,867$5,813$4,898$4,111$3,438$2,362
17 years$6,396$5,353$4,457$3,694$3,048$2,036
18 years$5,978$4,947$4,069$3,329$2,711$1,758
19 years$5,604$4,584$3,725$3,008$2,416$1,522
20 years$5,268$4,260$3,418$2,724$2,158$1,319
21 years$4,964$3,968$3,144$2,472$1,931$1,145
22 years$4,689$3,704$2,898$2,248$1,731$996
23 years$4,437$3,464$2,676$2,047$1,554$866
24 years$4,207$3,246$2,475$1,867$1,397$755
25 years$3,996$3,046$2,292$1,705$1,257$658
26 years$3,801$2,863$2,126$1,559$1,132$574
27 years$3,621$2,694$1,974$1,427$1,021$501
28 years$3,455$2,539$1,835$1,308$921$437
29 years$3,300$2,395$1,708$1,199$832$382
30 years$3,155$2,262$1,591$1,100$751$334
31 years$3,020$2,138$1,483$1,011$679$292
32 years$2,894$2,023$1,383$929$615$255
33 years$2,776$1,916$1,292$854$556$223
34 years$2,665$1,816$1,207$786$504$195
35 years$2,560$1,722$1,128$723$456$171
36 years$2,462$1,635$1,056$666$413$150
37 years$2,369$1,553$988$614$374$131
38 years$2,281$1,476$925$566$340$115
39 years$2,198$1,403$867$522$308$101
40 years$2,119$1,335$813$481$279$88
41 years$2,044$1,271$762$444$253$77
42 years$1,973$1,210$715$410$230$68
43 years$1,906$1,153$671$378$209$59
44 years$1,842$1,099$629$349$189$52
45 years$1,780$1,048$591$323$172$45
46 years$1,722$1,000$555$298$156$40
47 years$1,666$954$522$275$142$35
48 years$1,613$911$490$254$129$31
49 years$1,562$870$461$235$117$27
50 years$1,513$831$433$217$106$23

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 $4,526 every year, while hoping to spend $48,592 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: 40/30/30 Blend
50$1,550,000$1,550,000$1,550,000$1,550,000
51$1,712,769$1,630,619$1,606,594$1,765,962
52$1,835,769$1,658,817$1,608,713$1,833,407
53$1,969,688$1,686,769$1,609,275$1,901,516
54$2,115,586$1,714,411$1,608,175$1,974,296
55$2,274,633$1,741,674$1,605,306$2,052,208
56$2,448,115$1,768,486$1,600,554$2,135,760
57$2,637,449$1,794,768$1,593,799$2,225,516
58$2,844,193$1,820,436$1,584,915$2,322,097
59$3,070,064$1,845,400$1,573,772$2,426,190
60$3,316,949$1,869,564$1,560,233$2,538,557
61$3,586,930$1,892,824$1,544,153$2,660,035
62$3,882,296$1,915,072$1,525,381$2,791,555
63$4,205,568$1,936,188$1,503,759$2,934,140
64$4,559,523$1,956,049$1,479,123$3,088,926
65$4,947,219$1,974,520$1,451,298$3,257,162
66$5,372,023$1,991,458$1,420,103$3,440,234
67$5,837,642$2,006,713$1,385,350$3,639,670
68$6,348,162$2,020,122$1,346,839$3,857,156
69$6,908,079$2,031,513$1,304,363$4,094,558
70$7,522,349$2,040,702$1,257,705$4,353,934
71$8,196,428$2,047,496$1,206,637$4,637,559
72$8,936,327$2,051,687$1,150,923$4,947,944
73$9,748,667$2,053,055$1,090,314$5,287,861
74$10,640,743$2,051,366$1,024,551$5,660,372
75$11,620,588$2,046,373$953,363$6,068,855
76$12,697,054$2,037,811$876,467$6,517,043
77$13,879,891$2,025,401$793,566$7,009,054
78$15,179,842$2,008,847$704,352$7,549,434
79$16,608,739$1,987,835$608,502$8,143,200
80$18,179,622$1,962,030$505,678$8,795,890
81$19,906,854$1,931,079$395,528$9,513,616
82$21,806,260$1,894,609$277,685$10,303,122
83$23,895,275$1,852,222$151,765$11,171,850
84$26,193,111$1,803,499$17,367$12,128,012
85$28,720,933$1,747,995$0$13,180,668
86$31,502,060$1,685,238$0$14,380,167
87$34,562,187$1,614,732$0$15,705,740
88$37,929,625$1,535,949$0$17,164,134
89$41,635,568$1,448,332$0$18,768,925
90$45,714,387$1,351,291$0$20,535,074
91$50,203,952$1,244,202$0$22,479,080
92$55,145,995$1,126,407$0$24,619,128
93$60,586,494$997,209$0$26,975,264
94$66,576,116$855,872$0$29,569,591
95$73,170,689$701,618$0$32,426,470
96$80,431,727$533,626$0$35,572,758
97$88,427,017$351,027$0$39,038,059
98$97,231,251$152,906$0$42,855,009
99$106,926,735$0$0$47,059,581
100$117,604,161$0$0$51,711,801