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%12%
1 years$128,823$127,676$126,556$125,464$124,397$123,354
2 years$63,774$62,586$61,435$60,319$59,236$58,186
3 years$42,094$40,901$39,753$38,647$37,582$36,556
4 years$31,256$30,066$28,930$27,843$26,804$25,810
5 years$24,754$23,572$22,451$21,386$20,376$19,417
6 years$20,422$19,249$18,143$17,103$16,123$15,200
7 years$17,328$16,165$15,077$14,061$13,112$12,227
8 years$15,009$13,856$12,787$11,795$10,878$10,029
9 years$13,206$12,064$11,013$10,047$9,161$8,348
10 years$11,765$10,634$9,602$8,661$7,805$7,029
11 years$10,586$9,467$8,453$7,537$6,713$5,972
12 years$9,605$8,497$7,502$6,611$5,817$5,111
13 years$8,775$7,679$6,702$5,837$5,073$4,401
14 years$8,065$6,980$6,022$5,181$4,447$3,808
15 years$7,449$6,376$5,437$4,621$3,915$3,309
16 years$6,911$5,850$4,930$4,137$3,460$2,885
17 years$6,437$5,388$4,486$3,717$3,068$2,523
18 years$6,016$4,979$4,095$3,350$2,728$2,213
19 years$5,640$4,614$3,749$3,027$2,432$1,944
20 years$5,302$4,288$3,440$2,742$2,172$1,712
21 years$4,996$3,994$3,164$2,488$1,944$1,510
22 years$4,719$3,728$2,917$2,262$1,742$1,334
23 years$4,466$3,487$2,693$2,060$1,564$1,179
24 years$4,235$3,267$2,491$1,879$1,406$1,044
25 years$4,022$3,066$2,307$1,716$1,265$925
26 years$3,826$2,881$2,139$1,569$1,139$821
27 years$3,645$2,712$1,987$1,436$1,027$728
28 years$3,477$2,555$1,847$1,316$927$647
29 years$3,321$2,411$1,719$1,207$837$575
30 years$3,175$2,276$1,601$1,108$756$511
31 years$3,040$2,152$1,492$1,017$684$455
32 years$2,913$2,036$1,392$935$618$405
33 years$2,794$1,928$1,300$860$560$360
34 years$2,682$1,828$1,215$791$507$321
35 years$2,577$1,733$1,136$728$459$286
36 years$2,478$1,645$1,062$671$416$255
37 years$2,384$1,563$994$618$377$227
38 years$2,296$1,485$931$569$342$202
39 years$2,212$1,412$872$525$310$180
40 years$2,133$1,344$818$484$281$161
41 years$2,058$1,279$767$447$255$143
42 years$1,986$1,218$719$412$231$128
43 years$1,918$1,161$675$381$210$114
44 years$1,854$1,106$634$351$191$102
45 years$1,792$1,055$595$325$173$91
46 years$1,733$1,006$559$300$157$81
47 years$1,677$960$525$277$143$72
48 years$1,623$917$493$256$130$65
49 years$1,572$875$464$237$118$58
50 years$1,523$836$436$219$107$51

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 $5,426 every year, while hoping to spend $43,811 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: 49/26/25 Blend
50$1,560,000$1,560,000$1,560,000$1,560,000
51$1,724,717$1,642,037$1,617,857$1,796,778
52$1,854,023$1,675,882$1,625,441$1,881,503
53$1,995,051$1,709,917$1,631,810$1,968,688
54$2,148,949$1,744,106$1,636,878$2,062,531
55$2,316,982$1,778,407$1,640,554$2,163,682
56$2,500,542$1,812,778$1,642,741$2,272,855
57$2,701,164$1,847,170$1,643,339$2,390,839
58$2,920,534$1,881,533$1,642,242$2,518,506
59$3,160,512$1,915,811$1,639,340$2,656,814
60$3,423,142$1,949,945$1,634,517$2,806,822
61$3,710,680$1,983,869$1,627,650$2,969,698
62$4,025,605$2,017,514$1,618,612$3,146,731
63$4,370,650$2,050,805$1,607,269$3,339,340
64$4,748,824$2,083,663$1,593,480$3,549,092
65$5,163,441$2,116,000$1,577,099$3,777,716
66$5,618,153$2,147,724$1,557,972$4,027,117
67$6,116,977$2,178,736$1,535,937$4,299,399
68$6,664,344$2,208,929$1,510,827$4,596,879
69$7,265,131$2,238,190$1,482,463$4,922,115
70$7,924,710$2,266,397$1,450,661$5,277,928
71$8,649,000$2,293,419$1,415,227$5,667,428
72$9,444,520$2,319,120$1,375,960$6,094,045
73$10,318,453$2,343,349$1,332,647$6,561,562
74$11,278,711$2,365,949$1,285,066$7,074,153
75$12,334,011$2,386,751$1,232,987$7,636,418
76$13,493,954$2,405,576$1,176,166$8,253,430
77$14,769,121$2,422,232$1,114,351$8,930,786
78$16,171,166$2,436,516$1,047,277$9,674,654
79$17,712,931$2,448,212$974,666$10,491,840
80$19,408,564$2,457,088$896,232$11,389,844
81$21,273,652$2,462,900$811,670$12,376,939
82$23,325,369$2,465,387$720,666$13,462,248
83$25,582,639$2,464,273$622,890$14,655,826
84$28,066,310$2,459,264$517,999$15,968,764
85$30,799,353$2,450,048$405,632$17,413,289
86$33,807,081$2,436,295$285,415$19,002,880
87$37,117,383$2,417,652$156,955$20,752,401
88$40,760,987$2,393,749$19,845$22,678,238
89$44,771,755$2,364,189$0$24,798,458
90$49,186,995$2,328,556$0$27,166,715
91$54,047,818$2,286,404$0$29,779,072
92$59,399,523$2,237,265$0$32,654,562
93$65,292,025$2,180,642$0$35,820,001
94$71,780,325$2,116,007$0$39,304,944
95$78,925,030$2,042,803$0$43,141,964
96$86,792,923$1,960,441$0$47,366,962
97$95,457,593$1,868,295$0$52,019,502
98$105,000,132$1,765,705$0$57,143,192
99$115,509,894$1,651,973$0$62,786,089
100$127,085,344$1,526,361$0$69,001,159