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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$130,475$129,313$128,179$127,072$125,991$124,263
2 years$64,592$63,389$62,223$61,092$59,996$58,257
3 years$42,633$41,425$40,262$39,142$38,064$36,369
4 years$31,656$30,452$29,301$28,200$27,147$25,510
5 years$25,072$23,875$22,738$21,660$20,637$19,062
6 years$20,684$19,495$18,376$17,322$16,329$14,818
7 years$17,550$16,372$15,271$14,241$13,280$11,833
8 years$15,202$14,034$12,951$11,947$11,017$9,634
9 years$13,376$12,219$11,154$10,176$9,278$7,959
10 years$11,916$10,771$9,725$8,772$7,905$6,649
11 years$10,722$9,588$8,561$7,634$6,799$5,604
12 years$9,728$8,606$7,598$6,696$5,892$4,756
13 years$8,888$7,777$6,788$5,912$5,138$4,061
14 years$8,168$7,069$6,099$5,248$4,504$3,484
15 years$7,545$6,458$5,507$4,680$3,965$3,001
16 years$7,000$5,925$4,993$4,190$3,505$2,593
17 years$6,520$5,457$4,543$3,765$3,107$2,247
18 years$6,093$5,042$4,147$3,393$2,763$1,952
19 years$5,712$4,673$3,797$3,066$2,463$1,700
20 years$5,370$4,343$3,484$2,777$2,200$1,482
21 years$5,060$4,045$3,205$2,520$1,969$1,295
22 years$4,779$3,776$2,954$2,291$1,765$1,132
23 years$4,523$3,531$2,727$2,087$1,584$991
24 years$4,289$3,309$2,522$1,903$1,424$869
25 years$4,073$3,105$2,336$1,738$1,281$762
26 years$3,875$2,918$2,167$1,589$1,154$669
27 years$3,692$2,746$2,012$1,455$1,040$588
28 years$3,521$2,588$1,870$1,333$939$517
29 years$3,363$2,441$1,741$1,222$848$454
30 years$3,216$2,306$1,621$1,122$766$400
31 years$3,079$2,180$1,512$1,030$692$352
32 years$2,950$2,062$1,410$947$626$310
33 years$2,830$1,953$1,317$871$567$273
34 years$2,716$1,851$1,230$801$513$240
35 years$2,610$1,756$1,150$737$465$212
36 years$2,509$1,666$1,076$679$421$187
37 years$2,415$1,583$1,007$626$382$164
38 years$2,325$1,504$943$577$346$145
39 years$2,240$1,430$884$532$314$128
40 years$2,160$1,361$828$491$285$113
41 years$2,084$1,295$777$453$258$99
42 years$2,012$1,234$728$418$234$88
43 years$1,943$1,175$684$386$213$77
44 years$1,877$1,120$642$356$193$68
45 years$1,815$1,068$603$329$175$60
46 years$1,755$1,019$566$304$159$53
47 years$1,699$973$532$281$144$47
48 years$1,644$929$500$259$131$41
49 years$1,592$887$470$240$119$36
50 years$1,543$847$441$221$108$32

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 $2,019 every year, while hoping to spend $54,490 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: 28/46/26 Blend
50$1,580,000$1,580,000$1,580,000$1,580,000
51$1,743,243$1,659,503$1,635,013$1,777,891
52$1,863,076$1,682,841$1,631,809$1,828,860
53$1,993,307$1,705,497$1,626,671$1,878,705
54$2,134,937$1,727,380$1,619,477$1,931,145
55$2,289,071$1,748,391$1,610,100$1,986,440
56$2,456,921$1,768,428$1,598,404$2,044,877
57$2,639,825$1,787,379$1,584,248$2,106,779
58$2,839,253$1,805,126$1,567,486$2,172,501
59$3,056,822$1,821,542$1,547,962$2,242,442
60$3,294,315$1,836,495$1,525,515$2,317,041
61$3,553,691$1,849,839$1,499,976$2,396,791
62$3,837,109$1,861,423$1,471,167$2,482,235
63$4,146,946$1,871,084$1,438,903$2,573,979
64$4,485,817$1,878,649$1,402,988$2,672,695
65$4,856,603$1,883,936$1,363,221$2,779,129
66$5,262,476$1,886,748$1,319,389$2,894,107
67$5,706,929$1,886,880$1,271,269$3,018,549
68$6,193,808$1,884,109$1,218,629$3,153,473
69$6,727,349$1,878,203$1,161,225$3,300,007
70$7,312,217$1,868,914$1,098,805$3,459,403
71$7,953,550$1,855,977$1,031,102$3,633,049
72$8,657,007$1,839,115$957,839$3,822,481
73$9,428,821$1,818,030$878,725$4,029,402
74$10,275,857$1,792,410$793,458$4,255,698
75$11,205,677$1,761,921$701,722$4,503,457
76$12,226,612$1,726,211$603,186$4,774,991
77$13,347,838$1,684,907$497,504$5,072,857
78$14,579,463$1,637,613$384,316$5,399,889
79$15,932,624$1,583,912$263,247$5,759,219
80$17,419,588$1,523,360$133,902$6,154,314
81$19,053,870$1,455,489$0$6,589,008
82$20,850,360$1,379,803$0$7,068,688
83$22,825,461$1,295,777$0$7,636,612
84$24,997,246$1,202,858$0$8,260,903
85$27,385,625$1,100,459$0$8,947,420
86$30,012,538$987,960$0$9,702,633
87$32,902,153$864,706$0$10,533,683
88$36,081,102$730,006$0$11,448,452
89$39,578,725$583,127$0$12,455,638
90$43,427,353$423,298$0$13,564,845
91$47,662,606$249,703$0$14,786,668
92$52,323,733$61,480$0$16,132,802
93$57,453,981$0$0$17,616,149
94$63,101,001$0$0$19,322,970
95$69,317,298$0$0$21,236,425
96$76,160,727$0$0$23,343,242
97$83,695,038$0$0$25,663,086
98$91,990,475$0$0$28,217,628
99$101,124,440$0$0$31,030,745
100$111,182,225$0$0$34,128,750