Can I retire at age 51 with 1,560,000?

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 $1,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$128,823$127,676$126,556$125,464$124,397$120,366
2 years$63,774$62,586$61,435$60,319$59,236$55,214
3 years$42,094$40,901$39,753$38,647$37,582$33,693
4 years$31,256$30,066$28,930$27,843$26,804$23,079
5 years$24,754$23,572$22,451$21,386$20,376$16,825
6 years$20,422$19,249$18,143$17,103$16,123$12,748
7 years$17,328$16,165$15,077$14,061$13,112$9,914
8 years$15,009$13,856$12,787$11,795$10,878$7,853
9 years$13,206$12,064$11,013$10,047$9,161$6,307
10 years$11,765$10,634$9,602$8,661$7,805$5,117
11 years$10,586$9,467$8,453$7,537$6,713$4,186
12 years$9,605$8,497$7,502$6,611$5,817$3,446
13 years$8,775$7,679$6,702$5,837$5,073$2,851
14 years$8,065$6,980$6,022$5,181$4,447$2,369
15 years$7,449$6,376$5,437$4,621$3,915$1,974
16 years$6,911$5,850$4,930$4,137$3,460$1,650
17 years$6,437$5,388$4,486$3,717$3,068$1,382
18 years$6,016$4,979$4,095$3,350$2,728$1,160
19 years$5,640$4,614$3,749$3,027$2,432$975
20 years$5,302$4,288$3,440$2,742$2,172$821
21 years$4,996$3,994$3,164$2,488$1,944$692
22 years$4,719$3,728$2,917$2,262$1,742$583
23 years$4,466$3,487$2,693$2,060$1,564$492
24 years$4,235$3,267$2,491$1,879$1,406$416
25 years$4,022$3,066$2,307$1,716$1,265$351
26 years$3,826$2,881$2,139$1,569$1,139$297
27 years$3,645$2,712$1,987$1,436$1,027$251
28 years$3,477$2,555$1,847$1,316$927$212
29 years$3,321$2,411$1,719$1,207$837$180
30 years$3,175$2,276$1,601$1,108$756$152
31 years$3,040$2,152$1,492$1,017$684$129
32 years$2,913$2,036$1,392$935$618$109
33 years$2,794$1,928$1,300$860$560$92
34 years$2,682$1,828$1,215$791$507$78
35 years$2,577$1,733$1,136$728$459$66
36 years$2,478$1,645$1,062$671$416$56
37 years$2,384$1,563$994$618$377$48
38 years$2,296$1,485$931$569$342$40
39 years$2,212$1,412$872$525$310$34
40 years$2,133$1,344$818$484$281$29
41 years$2,058$1,279$767$447$255$24
42 years$1,986$1,218$719$412$231$21
43 years$1,918$1,161$675$381$210$18
44 years$1,854$1,106$634$351$191$15
45 years$1,792$1,055$595$325$173$13
46 years$1,733$1,006$559$300$157$11
47 years$1,677$960$525$277$143$9
48 years$1,623$917$493$256$130$8
49 years$1,572$875$464$237$118$7
50 years$1,523$836$436$219$107$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,560,000, adding $5,512 every year, while hoping to spend $45,663 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: 49/30/21 Blend
50$1,560,000$1,560,000$1,560,000$1,560,000
51$1,724,806$1,642,126$1,617,946$1,798,881
52$1,852,151$1,674,005$1,623,562$1,882,788
53$1,990,955$1,705,915$1,627,836$1,968,819
54$2,142,338$1,737,811$1,630,674$2,061,329
55$2,307,534$1,769,641$1,631,979$2,160,949
56$2,487,900$1,801,352$1,631,648$2,268,371
57$2,684,931$1,832,883$1,629,574$2,384,361
58$2,900,272$1,864,173$1,625,642$2,509,762
59$3,135,735$1,895,152$1,619,736$2,645,507
60$3,393,313$1,925,747$1,611,730$2,792,621
61$3,675,202$1,955,881$1,601,495$2,952,238
62$3,983,822$1,985,467$1,588,894$3,125,607
63$4,321,833$2,014,417$1,573,783$3,314,107
64$4,692,169$2,042,632$1,556,014$3,519,259
65$5,098,059$2,070,010$1,535,429$3,742,738
66$5,543,059$2,096,438$1,511,864$3,986,396
67$6,031,086$2,121,799$1,485,147$4,252,273
68$6,566,456$2,145,966$1,455,098$4,542,621
69$7,153,919$2,168,803$1,421,529$4,859,920
70$7,798,711$2,190,167$1,384,242$5,206,911
71$8,506,597$2,209,902$1,343,031$5,586,614
72$9,283,928$2,227,846$1,297,681$6,002,360
73$10,137,701$2,243,823$1,247,966$6,457,822
74$11,075,624$2,257,648$1,193,650$6,957,055
75$12,106,187$2,269,122$1,134,487$7,504,526
76$13,238,745$2,278,035$1,070,219$8,105,164
77$14,483,601$2,284,163$1,000,576$8,764,407
78$15,852,110$2,287,269$925,276$9,488,247
79$17,356,779$2,287,098$844,027$10,283,296
80$19,011,388$2,283,384$756,519$11,156,845
81$20,831,120$2,275,841$662,434$12,116,932
82$22,832,703$2,264,166$561,434$13,172,422
83$25,034,567$2,248,038$453,170$14,333,090
84$27,457,019$2,227,117$337,277$15,609,716
85$30,122,431$2,201,043$213,372$17,014,184
86$33,055,457$2,169,431$81,058$18,559,600
87$36,283,258$2,131,878$0$20,260,412
88$39,835,764$2,087,953$0$22,146,031
89$43,745,950$2,037,202$0$24,240,803
90$48,050,155$1,979,143$0$26,546,015
91$52,788,415$1,913,265$0$29,083,127
92$58,004,848$1,839,029$0$31,875,789
93$63,748,065$1,755,865$0$34,950,070
94$70,071,632$1,663,166$0$38,334,705
95$77,034,573$1,560,296$0$42,061,362
96$84,701,926$1,446,577$0$46,164,948
97$93,145,359$1,321,296$0$50,683,937
98$102,443,843$1,183,697$0$55,660,731
99$112,684,399$1,032,982$0$61,142,070
100$123,962,916$868,307$0$67,179,466