Can I retire at age 51 with 1,580,000?

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 $1,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$130,475$129,313$128,179$127,072$125,991$122,301
2 years$64,592$63,389$62,223$61,092$59,996$56,308
3 years$42,633$41,425$40,262$39,142$38,064$34,494
4 years$31,656$30,452$29,301$28,200$27,147$23,723
5 years$25,072$23,875$22,738$21,660$20,637$17,367
6 years$20,684$19,495$18,376$17,322$16,329$13,217
7 years$17,550$16,372$15,271$14,241$13,280$10,325
8 years$15,202$14,034$12,951$11,947$11,017$8,218
9 years$13,376$12,219$11,154$10,176$9,278$6,632
10 years$11,916$10,771$9,725$8,772$7,905$5,408
11 years$10,722$9,588$8,561$7,634$6,799$4,447
12 years$9,728$8,606$7,598$6,696$5,892$3,680
13 years$8,888$7,777$6,788$5,912$5,138$3,061
14 years$8,168$7,069$6,099$5,248$4,504$2,557
15 years$7,545$6,458$5,507$4,680$3,965$2,144
16 years$7,000$5,925$4,993$4,190$3,505$1,802
17 years$6,520$5,457$4,543$3,765$3,107$1,519
18 years$6,093$5,042$4,147$3,393$2,763$1,282
19 years$5,712$4,673$3,797$3,066$2,463$1,084
20 years$5,370$4,343$3,484$2,777$2,200$918
21 years$5,060$4,045$3,205$2,520$1,969$779
22 years$4,779$3,776$2,954$2,291$1,765$661
23 years$4,523$3,531$2,727$2,087$1,584$561
24 years$4,289$3,309$2,522$1,903$1,424$477
25 years$4,073$3,105$2,336$1,738$1,281$406
26 years$3,875$2,918$2,167$1,589$1,154$345
27 years$3,692$2,746$2,012$1,455$1,040$294
28 years$3,521$2,588$1,870$1,333$939$250
29 years$3,363$2,441$1,741$1,222$848$213
30 years$3,216$2,306$1,621$1,122$766$181
31 years$3,079$2,180$1,512$1,030$692$155
32 years$2,950$2,062$1,410$947$626$132
33 years$2,830$1,953$1,317$871$567$112
34 years$2,716$1,851$1,230$801$513$96
35 years$2,610$1,756$1,150$737$465$82
36 years$2,509$1,666$1,076$679$421$70
37 years$2,415$1,583$1,007$626$382$59
38 years$2,325$1,504$943$577$346$51
39 years$2,240$1,430$884$532$314$43
40 years$2,160$1,361$828$491$285$37
41 years$2,084$1,295$777$453$258$31
42 years$2,012$1,234$728$418$234$27
43 years$1,943$1,175$684$386$213$23
44 years$1,877$1,120$642$356$193$20
45 years$1,815$1,068$603$329$175$17
46 years$1,755$1,019$566$304$159$14
47 years$1,699$973$532$281$144$12
48 years$1,644$929$500$259$131$10
49 years$1,592$887$470$240$119$9
50 years$1,543$847$441$221$108$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,580,000, adding $4,426 every year, while hoping to spend $35,859 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: 42/37/21 Blend
50$1,580,000$1,580,000$1,580,000$1,580,000
51$1,745,725$1,661,985$1,637,495$1,808,141
52$1,885,636$1,705,269$1,654,198$1,896,227
53$2,038,615$1,749,472$1,670,258$1,987,756
54$2,205,959$1,794,601$1,685,616$2,086,143
55$2,389,092$1,840,662$1,700,210$2,192,036
56$2,589,587$1,887,661$1,713,974$2,306,152
57$2,809,171$1,935,603$1,726,839$2,429,277
58$3,049,749$1,984,491$1,738,731$2,562,277
59$3,313,419$2,034,326$1,749,574$2,706,108
60$3,602,490$2,085,110$1,759,287$2,861,822
61$3,919,506$2,136,842$1,767,785$3,030,578
62$4,267,268$2,189,521$1,774,978$3,213,652
63$4,648,864$2,243,141$1,780,774$3,412,450
64$5,067,691$2,297,699$1,785,074$3,628,524
65$5,527,496$2,353,186$1,787,774$3,863,581
66$6,032,402$2,409,593$1,788,765$4,119,502
67$6,586,953$2,466,909$1,787,935$4,398,363
68$7,196,154$2,525,120$1,785,163$4,702,447
69$7,865,520$2,584,209$1,780,324$5,034,275
70$8,601,125$2,644,157$1,773,287$5,396,621
71$9,409,661$2,704,943$1,763,914$5,792,545
72$10,298,502$2,766,540$1,752,060$6,225,419
73$11,275,769$2,828,921$1,737,574$6,698,957
74$12,350,413$2,892,053$1,720,298$7,217,256
75$13,532,292$2,955,901$1,700,066$7,784,829
76$14,832,271$3,020,425$1,676,702$8,406,651
77$16,262,317$3,085,580$1,650,027$9,088,205
78$17,835,619$3,151,319$1,619,848$9,835,534
79$19,566,705$3,217,587$1,585,966$10,655,301
80$21,471,586$3,284,325$1,548,173$11,554,845
81$23,567,900$3,351,470$1,506,249$12,542,260
82$25,875,085$3,418,950$1,459,967$13,626,464
83$28,414,554$3,486,690$1,409,087$14,817,288
84$31,209,906$3,554,605$1,353,359$16,125,568
85$34,287,142$3,622,606$1,292,521$17,563,246
86$37,674,911$3,690,595$1,226,302$19,143,485
87$41,404,783$3,758,465$1,154,414$20,880,793
88$45,511,543$3,826,102$1,076,559$22,791,163
89$50,033,522$3,893,383$992,425$24,892,219
90$55,012,957$3,960,174$901,687$27,203,389
91$60,496,389$4,026,332$804,003$29,746,083
92$66,535,102$4,091,704$699,019$32,543,902
93$73,185,608$4,156,123$586,362$35,622,858
94$80,510,180$4,219,413$465,645$39,011,619
95$88,577,437$4,281,383$336,462$42,741,784
96$97,462,993$4,341,828$198,391$46,848,179
97$107,250,172$4,400,531$50,991$51,369,190
98$118,030,790$4,457,258$0$56,347,123
99$129,906,026$4,511,759$0$61,852,428
100$142,987,373$4,563,768$0$67,926,415