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%18.5%
1 years$129,649$128,494$127,368$126,268$125,194$120,896
2 years$64,183$62,987$61,829$60,706$59,616$55,330
3 years$42,363$41,163$40,007$38,895$37,823$33,683
4 years$31,456$30,259$29,115$28,021$26,976$23,014
5 years$24,913$23,724$22,595$21,523$20,506$16,733
6 years$20,553$19,372$18,260$17,212$16,226$12,644
7 years$17,439$16,269$15,174$14,151$13,196$9,805
8 years$15,105$13,945$12,869$11,871$10,947$7,744
9 years$13,291$12,142$11,084$10,111$9,219$6,200
10 years$11,840$10,702$9,663$8,716$7,855$5,015
11 years$10,654$9,528$8,507$7,586$6,756$4,089
12 years$9,667$8,552$7,550$6,654$5,854$3,355
13 years$8,831$7,728$6,745$5,874$5,105$2,766
14 years$8,116$7,025$6,061$5,214$4,475$2,290
15 years$7,497$6,417$5,472$4,650$3,940$1,902
16 years$6,956$5,888$4,961$4,164$3,482$1,584
17 years$6,479$5,422$4,515$3,741$3,088$1,322
18 years$6,055$5,010$4,121$3,372$2,746$1,106
19 years$5,676$4,644$3,773$3,047$2,447$926
20 years$5,336$4,315$3,462$2,759$2,186$776
21 years$5,028$4,019$3,185$2,504$1,956$652
22 years$4,749$3,752$2,935$2,277$1,753$547
23 years$4,495$3,509$2,710$2,074$1,574$460
24 years$4,262$3,288$2,506$1,891$1,415$387
25 years$4,048$3,085$2,321$1,727$1,273$326
26 years$3,850$2,900$2,153$1,579$1,147$274
27 years$3,668$2,729$1,999$1,446$1,034$231
28 years$3,499$2,572$1,859$1,324$933$195
29 years$3,342$2,426$1,730$1,215$842$164
30 years$3,196$2,291$1,611$1,115$761$138
31 years$3,059$2,166$1,502$1,024$688$117
32 years$2,931$2,049$1,401$941$622$98
33 years$2,812$1,941$1,308$865$563$83
34 years$2,699$1,839$1,223$796$510$70
35 years$2,593$1,745$1,143$733$462$59
36 years$2,494$1,656$1,069$675$419$50
37 years$2,399$1,573$1,001$622$379$42
38 years$2,310$1,495$937$573$344$35
39 years$2,226$1,421$878$528$312$30
40 years$2,146$1,352$823$487$283$25
41 years$2,071$1,287$772$450$257$21
42 years$1,999$1,226$724$415$233$18
43 years$1,930$1,168$679$383$211$15
44 years$1,865$1,113$638$354$192$13
45 years$1,803$1,062$599$327$174$11
46 years$1,744$1,013$562$302$158$9
47 years$1,688$967$528$279$144$8
48 years$1,634$923$496$258$130$6
49 years$1,582$881$467$238$118$5
50 years$1,533$842$439$220$108$5

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 $3,075 every year, while hoping to spend $40,782 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: 25/47/28 Blend
50$1,570,000$1,570,000$1,570,000$1,570,000
51$1,733,312$1,650,102$1,625,767$1,761,358
52$1,866,718$1,687,565$1,636,838$1,822,482
53$2,012,365$1,725,497$1,646,914$1,884,304
54$2,171,457$1,763,878$1,655,917$1,949,744
55$2,345,323$1,802,685$1,663,767$2,019,133
56$2,535,423$1,841,894$1,670,381$2,092,838
57$2,743,366$1,881,477$1,675,668$2,171,261
58$2,970,923$1,921,403$1,679,537$2,254,850
59$3,220,045$1,961,639$1,681,888$2,344,096
60$3,492,878$2,002,148$1,682,621$2,439,544
61$3,791,789$2,042,890$1,681,626$2,541,795
62$4,119,382$2,083,822$1,678,791$2,651,511
63$4,478,525$2,124,896$1,673,996$2,769,427
64$4,872,379$2,166,060$1,667,119$2,896,350
65$5,304,422$2,207,258$1,658,029$3,033,173
66$5,778,488$2,248,428$1,646,588$3,180,885
67$6,298,799$2,289,507$1,632,654$3,340,573
68$6,870,005$2,330,421$1,616,076$3,513,441
69$7,497,230$2,371,095$1,596,698$3,700,818
70$8,186,115$2,411,447$1,574,356$3,904,169
71$8,942,878$2,451,387$1,548,876$4,125,114
72$9,774,366$2,490,820$1,520,078$4,365,440
73$10,688,125$2,529,644$1,487,775$4,627,121
74$11,692,466$2,567,749$1,451,767$4,912,335
75$12,796,546$2,605,016$1,411,849$5,223,488
76$14,010,452$2,641,320$1,367,804$5,563,234
77$15,345,299$2,676,526$1,319,407$5,934,504
78$16,813,333$2,710,489$1,266,420$6,340,530
79$18,428,044$2,743,055$1,208,597$6,784,884
80$20,204,299$2,774,059$1,145,679$7,271,504
81$22,158,474$2,803,324$1,077,396$7,804,737
82$24,308,616$2,830,664$1,003,466$8,389,380
83$26,674,606$2,855,878$923,593$9,030,729
84$29,278,352$2,878,752$837,470$9,734,623
85$32,143,992$2,899,060$744,774$10,507,509
86$35,298,125$2,916,559$645,169$11,356,496
87$38,770,055$2,930,992$538,304$12,289,431
88$42,592,075$2,942,085$423,811$13,314,970
89$46,799,767$2,949,547$301,309$14,442,660
90$51,432,337$2,953,069$170,397$15,683,035
91$56,532,987$2,952,321$30,657$17,047,715
92$62,149,323$2,946,956$0$18,549,517
93$68,333,798$2,936,601$0$20,237,973
94$75,144,216$2,920,865$0$22,105,356
95$82,644,267$2,899,329$0$24,159,838
96$90,904,137$2,871,550$0$26,420,536
97$100,001,164$2,837,061$0$28,908,524
98$110,020,569$2,795,363$0$31,647,035
99$121,056,260$2,745,930$0$34,661,678
100$133,211,720$2,688,202$0$37,980,687