Can I retire at age 51 with 1,590,000?

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$131,301$130,131$128,990$127,876$126,789$124,331
2 years$65,000$63,790$62,617$61,479$60,376$57,909
3 years$42,903$41,687$40,517$39,390$38,305$35,907
4 years$31,857$30,645$29,486$28,378$27,319$25,008
5 years$25,231$24,026$22,882$21,797$20,768$18,550
6 years$20,815$19,619$18,492$17,432$16,433$14,311
7 years$17,662$16,476$15,367$14,331$13,364$11,339
8 years$15,298$14,123$13,033$12,022$11,087$9,158
9 years$13,460$12,296$11,225$10,240$9,337$7,502
10 years$11,991$10,839$9,786$8,827$7,955$6,214
11 years$10,790$9,649$8,616$7,682$6,842$5,191
12 years$9,790$8,661$7,646$6,738$5,929$4,367
13 years$8,944$7,827$6,831$5,949$5,170$3,694
14 years$8,220$7,114$6,138$5,281$4,532$3,139
15 years$7,593$6,499$5,542$4,710$3,991$2,678
16 years$7,044$5,963$5,024$4,217$3,527$2,292
17 years$6,561$5,491$4,572$3,789$3,127$1,967
18 years$6,132$5,074$4,174$3,415$2,781$1,691
19 years$5,749$4,703$3,821$3,085$2,478$1,457
20 years$5,404$4,370$3,507$2,794$2,214$1,258
21 years$5,092$4,071$3,225$2,536$1,981$1,087
22 years$4,810$3,800$2,973$2,306$1,776$940
23 years$4,552$3,554$2,745$2,100$1,594$814
24 years$4,316$3,330$2,538$1,915$1,433$706
25 years$4,099$3,125$2,351$1,749$1,289$613
26 years$3,900$2,937$2,180$1,599$1,161$532
27 years$3,715$2,764$2,025$1,464$1,047$462
28 years$3,544$2,604$1,882$1,341$945$401
29 years$3,385$2,457$1,752$1,230$853$349
30 years$3,237$2,320$1,632$1,129$771$303
31 years$3,098$2,193$1,521$1,037$697$264
32 years$2,969$2,075$1,419$953$630$230
33 years$2,847$1,965$1,325$876$570$200
34 years$2,734$1,863$1,238$806$517$174
35 years$2,626$1,767$1,158$742$468$152
36 years$2,525$1,677$1,083$683$424$132
37 years$2,430$1,593$1,014$630$384$115
38 years$2,340$1,514$949$580$348$100
39 years$2,255$1,439$889$535$316$87
40 years$2,174$1,369$833$494$286$76
41 years$2,097$1,304$782$455$260$66
42 years$2,024$1,241$733$420$236$58
43 years$1,955$1,183$688$388$214$50
44 years$1,889$1,128$646$358$194$44
45 years$1,826$1,075$606$331$176$38
46 years$1,766$1,026$569$306$160$33
47 years$1,709$979$535$282$145$29
48 years$1,655$934$503$261$132$25
49 years$1,602$892$473$241$120$22
50 years$1,552$852$444$223$109$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,590,000, adding $3,272 every year, while hoping to spend $41,428 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: 30/50/20 Blend
50$1,590,000$1,590,000$1,590,000$1,590,000
51$1,755,555$1,671,285$1,646,640$1,797,127
52$1,890,543$1,709,099$1,657,723$1,866,811
53$2,037,910$1,747,377$1,667,790$1,937,775
54$2,198,877$1,786,099$1,676,761$2,013,243
55$2,374,786$1,825,241$1,684,555$2,093,630
56$2,567,113$1,864,776$1,691,087$2,179,394
57$2,777,486$1,904,678$1,696,265$2,271,039
58$3,007,695$1,944,913$1,699,996$2,369,121
59$3,259,713$1,985,446$1,702,179$2,474,253
60$3,535,712$2,026,241$1,702,710$2,587,111
61$3,838,083$2,067,256$1,701,479$2,708,443
62$4,169,460$2,108,444$1,698,372$2,839,071
63$4,532,745$2,149,758$1,693,267$2,979,903
64$4,931,132$2,191,143$1,686,038$3,131,943
65$5,368,139$2,232,541$1,676,553$3,296,295
66$5,847,644$2,273,889$1,664,671$3,474,179
67$6,373,914$2,315,121$1,650,248$3,666,941
68$6,951,653$2,356,161$1,633,132$3,876,066
69$7,586,041$2,396,932$1,613,161$4,103,192
70$8,282,784$2,437,349$1,590,168$4,350,126
71$9,048,168$2,477,319$1,563,979$4,618,863
72$9,889,118$2,516,745$1,534,409$4,911,603
73$10,813,263$2,555,521$1,501,267$5,230,772
74$11,829,008$2,593,533$1,464,352$5,579,049
75$12,945,612$2,630,661$1,423,453$5,959,388
76$14,173,276$2,666,775$1,378,350$6,375,048
77$15,523,239$2,701,736$1,328,813$6,829,624
78$17,007,883$2,735,395$1,274,603$7,327,082
79$18,640,851$2,767,593$1,215,466$7,871,798
80$20,437,174$2,798,161$1,151,140$8,468,598
81$22,413,413$2,826,918$1,081,350$9,122,804
82$24,587,815$2,853,672$1,005,809$9,840,290
83$26,980,486$2,878,215$924,218$10,627,533
84$29,613,577$2,900,329$836,261$11,491,676
85$32,511,498$2,919,782$741,612$12,440,598
86$35,701,143$2,936,323$639,928$13,482,992
87$39,212,146$2,949,689$530,852$14,628,440
88$43,077,160$2,959,599$414,010$15,887,515
89$47,332,165$2,965,754$289,014$17,271,873
90$52,016,807$2,967,837$155,457$18,794,372
91$57,174,769$2,965,509$12,913$20,469,188
92$62,854,190$2,958,413$0$22,311,958
93$69,108,111$2,946,168$0$24,369,627
94$75,994,979$2,928,372$0$26,636,374
95$83,579,200$2,904,596$0$29,130,507
96$91,931,743$2,874,385$0$31,875,249
97$101,130,811$2,837,260$0$34,896,201
98$111,262,577$2,792,709$0$38,221,583
99$122,422,000$2,740,192$0$41,882,506
100$134,713,720$2,679,138$0$45,913,261