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 $2,853 every year, while hoping to spend $34,082 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: 52/18/30 Blend
50$1,550,000$1,550,000$1,550,000$1,550,000
51$1,711,043$1,628,893$1,604,868$1,785,441
52$1,849,306$1,672,446$1,622,368$1,881,141
53$2,000,530$1,716,990$1,639,312$1,981,544
54$2,166,001$1,762,539$1,655,645$2,090,115
55$2,347,134$1,809,105$1,671,311$2,207,649
56$2,545,489$1,856,698$1,686,247$2,335,022
57$2,762,783$1,905,331$1,700,391$2,473,201
58$3,000,907$1,955,012$1,713,674$2,623,251
59$3,261,944$2,005,752$1,726,027$2,786,345
60$3,548,188$2,057,559$1,737,374$2,963,777
61$3,862,164$2,110,441$1,747,637$3,156,970
62$4,206,656$2,164,404$1,756,734$3,367,496
63$4,584,729$2,219,453$1,764,578$3,597,086
64$4,999,758$2,275,593$1,771,078$3,847,645
65$5,455,463$2,332,827$1,776,139$4,121,277
66$5,955,940$2,391,155$1,779,660$4,420,299
67$6,505,703$2,450,579$1,781,535$4,747,263
68$7,109,722$2,511,095$1,781,654$5,104,985
69$7,773,475$2,572,700$1,779,901$5,496,566
70$8,502,996$2,635,388$1,776,154$5,925,425
71$9,304,931$2,699,152$1,770,285$6,395,329
72$10,186,605$2,763,982$1,762,160$6,910,434
73$11,156,086$2,829,864$1,751,639$7,475,316
74$12,222,262$2,896,783$1,738,575$8,095,020
75$13,394,929$2,964,721$1,722,813$8,775,109
76$14,684,876$3,033,657$1,704,192$9,521,711
77$16,103,994$3,103,566$1,682,543$10,341,583
78$17,665,381$3,174,421$1,657,688$11,242,171
79$19,383,472$3,246,189$1,629,442$12,231,683
80$21,274,168$3,318,835$1,597,611$13,319,165
81$23,354,994$3,392,318$1,561,991$14,514,588
82$25,645,255$3,466,594$1,522,370$15,828,942
83$28,166,228$3,541,613$1,478,525$17,274,339
84$30,941,351$3,617,321$1,430,224$18,864,130
85$33,996,456$3,693,656$1,377,224$20,613,030
86$37,360,002$3,770,553$1,319,269$22,537,256
87$41,063,352$3,847,939$1,256,093$24,654,684
88$45,141,060$3,925,735$1,187,419$26,985,014
89$49,631,207$4,003,854$1,112,956$29,549,962
90$54,575,749$4,082,203$1,032,399$32,373,458
91$60,020,923$4,160,678$945,432$35,481,881
92$66,017,676$4,239,170$851,723$38,904,302
93$72,622,148$4,317,559$750,925$42,672,762
94$79,896,203$4,395,714$642,676$46,822,574
95$87,908,008$4,473,497$526,599$51,392,658
96$96,732,684$4,550,757$402,298$56,425,911
97$106,453,004$4,627,332$269,363$61,969,607
98$117,160,186$4,703,046$127,361$68,075,851
99$128,954,743$4,777,713$0$74,802,067
100$141,947,438$4,851,132$0$82,219,284