Can I retire at age 51 with 1,570,000?

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 $1,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$129,649$128,494$127,368$126,268$125,194$122,817
2 years$64,183$62,987$61,829$60,706$59,616$57,231
3 years$42,363$41,163$40,007$38,895$37,823$35,503
4 years$31,456$30,259$29,115$28,021$26,976$24,740
5 years$24,913$23,724$22,595$21,523$20,506$18,361
6 years$20,553$19,372$18,260$17,212$16,226$14,173
7 years$17,439$16,269$15,174$14,151$13,196$11,236
8 years$15,105$13,945$12,869$11,871$10,947$9,079
9 years$13,291$12,142$11,084$10,111$9,219$7,443
10 years$11,840$10,702$9,663$8,716$7,855$6,168
11 years$10,654$9,528$8,507$7,586$6,756$5,156
12 years$9,667$8,552$7,550$6,654$5,854$4,340
13 years$8,831$7,728$6,745$5,874$5,105$3,674
14 years$8,116$7,025$6,061$5,214$4,475$3,125
15 years$7,497$6,417$5,472$4,650$3,940$2,667
16 years$6,956$5,888$4,961$4,164$3,482$2,284
17 years$6,479$5,422$4,515$3,741$3,088$1,961
18 years$6,055$5,010$4,121$3,372$2,746$1,688
19 years$5,676$4,644$3,773$3,047$2,447$1,455
20 years$5,336$4,315$3,462$2,759$2,186$1,257
21 years$5,028$4,019$3,185$2,504$1,956$1,087
22 years$4,749$3,752$2,935$2,277$1,753$941
23 years$4,495$3,509$2,710$2,074$1,574$816
24 years$4,262$3,288$2,506$1,891$1,415$708
25 years$4,048$3,085$2,321$1,727$1,273$615
26 years$3,850$2,900$2,153$1,579$1,147$534
27 years$3,668$2,729$1,999$1,446$1,034$464
28 years$3,499$2,572$1,859$1,324$933$404
29 years$3,342$2,426$1,730$1,215$842$351
30 years$3,196$2,291$1,611$1,115$761$306
31 years$3,059$2,166$1,502$1,024$688$266
32 years$2,931$2,049$1,401$941$622$232
33 years$2,812$1,941$1,308$865$563$202
34 years$2,699$1,839$1,223$796$510$176
35 years$2,593$1,745$1,143$733$462$153
36 years$2,494$1,656$1,069$675$419$134
37 years$2,399$1,573$1,001$622$379$117
38 years$2,310$1,495$937$573$344$102
39 years$2,226$1,421$878$528$312$89
40 years$2,146$1,352$823$487$283$77
41 years$2,071$1,287$772$450$257$67
42 years$1,999$1,226$724$415$233$59
43 years$1,930$1,168$679$383$211$51
44 years$1,865$1,113$638$354$192$45
45 years$1,803$1,062$599$327$174$39
46 years$1,744$1,013$562$302$158$34
47 years$1,688$967$528$279$144$30
48 years$1,634$923$496$258$130$26
49 years$1,582$881$467$238$118$23
50 years$1,533$842$439$220$108$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,570,000, adding $4,362 every year, while hoping to spend $31,646 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: 42/33/25 Blend
50$1,570,000$1,570,000$1,570,000$1,570,000
51$1,734,639$1,651,429$1,627,094$1,794,633
52$1,877,902$1,698,678$1,647,931$1,885,253
53$2,034,716$1,747,182$1,668,405$1,979,984
54$2,206,431$1,796,968$1,688,471$2,081,954
55$2,394,533$1,848,065$1,708,080$2,191,846
56$2,600,657$1,900,502$1,727,182$2,310,414
57$2,826,604$1,954,307$1,745,724$2,438,489
58$3,074,360$2,009,511$1,763,648$2,576,985
59$3,346,110$2,066,142$1,780,895$2,726,908
60$3,644,260$2,124,230$1,797,402$2,889,366
61$3,971,462$2,183,805$1,813,103$3,065,579
62$4,330,637$2,244,896$1,827,927$3,256,893
63$4,725,001$2,307,536$1,841,802$3,464,786
64$5,158,099$2,371,752$1,854,650$3,690,891
65$5,633,833$2,437,577$1,866,389$3,937,003
66$6,156,506$2,505,039$1,876,934$4,205,102
67$6,730,853$2,574,170$1,886,195$4,497,367
68$7,362,095$2,644,999$1,894,078$4,816,200
69$8,055,981$2,717,557$1,900,482$5,164,248
70$8,818,847$2,791,873$1,905,304$5,544,426
71$9,657,672$2,867,977$1,908,434$5,959,946
72$10,580,145$2,945,898$1,909,757$6,414,348
73$11,594,738$3,025,665$1,909,152$6,911,532
74$12,710,785$3,107,306$1,906,492$7,455,795
75$13,938,570$3,190,850$1,901,645$8,051,872
76$15,289,425$3,276,322$1,894,471$8,704,982
77$16,775,834$3,363,750$1,884,824$9,420,874
78$18,411,555$3,453,159$1,872,550$10,205,886
79$20,211,743$3,544,573$1,857,490$11,066,999
80$22,193,099$3,638,016$1,839,475$12,011,908
81$24,374,027$3,733,511$1,818,329$13,049,092
82$26,774,802$3,831,077$1,793,868$14,187,897
83$29,417,767$3,930,735$1,765,897$15,438,620
84$32,327,540$4,032,501$1,734,216$16,812,609
85$35,531,249$4,136,394$1,698,611$18,322,371
86$39,058,784$4,242,425$1,658,863$19,981,689
87$42,943,083$4,350,607$1,614,738$21,805,752
88$47,220,441$4,460,950$1,565,995$23,811,299
89$51,930,849$4,573,460$1,512,379$26,016,778
90$57,118,378$4,688,141$1,453,626$28,442,518
91$62,831,588$4,804,996$1,389,458$31,110,924
92$69,123,990$4,924,021$1,319,585$34,046,689
93$76,054,550$5,045,211$1,243,704$37,277,023
94$83,688,245$5,168,557$1,161,498$40,831,916
95$92,096,674$5,294,044$1,072,637$44,744,417
96$101,358,739$5,421,656$976,774$49,050,948
97$111,561,382$5,551,369$873,548$53,791,651
98$122,800,413$5,683,156$762,581$59,010,763
99$135,181,407$5,816,983$643,480$64,757,034
100$148,820,707$5,952,811$515,833$71,084,193