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%19.8%
1 years$129,649$128,494$127,368$126,268$125,194$120,274
2 years$64,183$62,987$61,829$60,706$59,616$54,720
3 years$42,363$41,163$40,007$38,895$37,823$33,104
4 years$31,456$30,259$29,115$28,021$26,976$22,470
5 years$24,913$23,724$22,595$21,523$20,506$16,226
6 years$20,553$19,372$18,260$17,212$16,226$12,173
7 years$17,439$16,269$15,174$14,151$13,196$9,370
8 years$15,105$13,945$12,869$11,871$10,947$7,344
9 years$13,291$12,142$11,084$10,111$9,219$5,833
10 years$11,840$10,702$9,663$8,716$7,855$4,679
11 years$10,654$9,528$8,507$7,586$6,756$3,783
12 years$9,667$8,552$7,550$6,654$5,854$3,077
13 years$8,831$7,728$6,745$5,874$5,105$2,515
14 years$8,116$7,025$6,061$5,214$4,475$2,063
15 years$7,497$6,417$5,472$4,650$3,940$1,698
16 years$6,956$5,888$4,961$4,164$3,482$1,401
17 years$6,479$5,422$4,515$3,741$3,088$1,158
18 years$6,055$5,010$4,121$3,372$2,746$959
19 years$5,676$4,644$3,773$3,047$2,447$795
20 years$5,336$4,315$3,462$2,759$2,186$660
21 years$5,028$4,019$3,185$2,504$1,956$548
22 years$4,749$3,752$2,935$2,277$1,753$456
23 years$4,495$3,509$2,710$2,074$1,574$379
24 years$4,262$3,288$2,506$1,891$1,415$316
25 years$4,048$3,085$2,321$1,727$1,273$263
26 years$3,850$2,900$2,153$1,579$1,147$219
27 years$3,668$2,729$1,999$1,446$1,034$183
28 years$3,499$2,572$1,859$1,324$933$152
29 years$3,342$2,426$1,730$1,215$842$127
30 years$3,196$2,291$1,611$1,115$761$106
31 years$3,059$2,166$1,502$1,024$688$88
32 years$2,931$2,049$1,401$941$622$74
33 years$2,812$1,941$1,308$865$563$62
34 years$2,699$1,839$1,223$796$510$51
35 years$2,593$1,745$1,143$733$462$43
36 years$2,494$1,656$1,069$675$419$36
37 years$2,399$1,573$1,001$622$379$30
38 years$2,310$1,495$937$573$344$25
39 years$2,226$1,421$878$528$312$21
40 years$2,146$1,352$823$487$283$17
41 years$2,071$1,287$772$450$257$14
42 years$1,999$1,226$724$415$233$12
43 years$1,930$1,168$679$383$211$10
44 years$1,865$1,113$638$354$192$8
45 years$1,803$1,062$599$327$174$7
46 years$1,744$1,013$562$302$158$6
47 years$1,688$967$528$279$144$5
48 years$1,634$923$496$258$130$4
49 years$1,582$881$467$238$118$3
50 years$1,533$842$439$220$108$3

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 $4,441 every year, while hoping to spend $39,985 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: 86/5/9 Blend
50$1,570,000$1,570,000$1,570,000$1,570,000
51$1,734,721$1,651,511$1,627,176$1,881,576
52$1,869,119$1,689,891$1,639,143$2,016,465
53$2,015,885$1,728,812$1,650,170$2,158,751
54$2,176,239$1,768,258$1,660,184$2,313,851
55$2,351,523$1,808,210$1,669,109$2,483,029
56$2,543,216$1,848,650$1,676,861$2,667,679
57$2,752,944$1,889,553$1,683,356$2,869,334
58$2,982,499$1,930,897$1,688,503$3,089,681
59$3,233,855$1,972,651$1,692,209$3,330,581
60$3,509,184$2,014,787$1,694,374$3,594,082
61$3,810,879$2,057,270$1,694,893$3,882,441
62$4,141,575$2,100,063$1,693,659$4,198,144
63$4,504,175$2,143,125$1,690,556$4,543,927
64$4,901,875$2,186,412$1,685,464$4,922,808
65$5,338,196$2,229,877$1,678,257$5,338,109
66$5,817,017$2,273,465$1,668,802$5,793,490
67$6,342,608$2,317,120$1,656,963$6,292,984
68$6,919,675$2,360,780$1,642,593$6,841,035
69$7,553,403$2,404,379$1,625,540$7,442,537
70$8,249,500$2,447,844$1,605,645$8,102,883
71$9,014,256$2,491,096$1,582,742$8,828,014
72$9,854,603$2,534,051$1,556,656$9,624,479
73$10,778,172$2,576,620$1,527,204$10,499,490
74$11,793,376$2,618,704$1,494,195$11,460,995
75$12,909,478$2,660,199$1,457,429$12,517,751
76$14,136,689$2,700,992$1,416,697$13,679,409
77$15,486,253$2,740,963$1,371,778$14,956,600
78$16,970,564$2,779,983$1,322,446$16,361,039
79$18,603,272$2,817,913$1,268,459$17,905,637
80$20,399,421$2,854,606$1,209,567$19,604,619
81$22,375,583$2,889,903$1,145,509$21,473,658
82$24,550,019$2,923,635$1,076,010$23,530,026
83$26,942,851$2,955,623$1,000,786$25,792,758
84$29,576,245$2,985,672$919,536$28,282,824
85$32,474,631$3,013,579$831,949$31,023,335
86$35,664,923$3,039,123$737,699$34,039,759
87$39,176,777$3,062,073$636,444$37,360,158
88$43,042,873$3,082,179$527,829$41,015,456
89$47,299,217$3,099,177$411,483$45,039,730
90$51,985,487$3,112,786$287,017$49,470,531
91$57,145,401$3,122,707$154,027$54,349,241
92$62,827,135$3,128,623$12,090$59,721,461
93$69,083,772$3,130,194$0$65,637,439
94$75,973,806$3,127,063$0$72,165,937
95$83,561,694$3,118,849$0$79,356,700
96$91,918,461$3,105,147$0$87,275,857
97$101,122,372$3,085,527$0$95,997,560
98$111,259,672$3,059,536$0$105,603,519
99$122,425,395$3,026,690$0$116,183,776
100$134,724,265$2,986,477$0$127,837,553