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

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 $1,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$131,301$130,131$128,990$127,876$126,789$125,622
2 years$65,000$63,790$62,617$61,479$60,376$59,200
3 years$42,903$41,687$40,517$39,390$38,305$37,156
4 years$31,857$30,645$29,486$28,378$27,319$26,207
5 years$25,231$24,026$22,882$21,797$20,768$19,696
6 years$20,815$19,619$18,492$17,432$16,433$15,402
7 years$17,662$16,476$15,367$14,331$13,364$12,375
8 years$15,298$14,123$13,033$12,022$11,087$10,139
9 years$13,460$12,296$11,225$10,240$9,337$8,430
10 years$11,991$10,839$9,786$8,827$7,955$7,090
11 years$10,790$9,649$8,616$7,682$6,842$6,016
12 years$9,790$8,661$7,646$6,738$5,929$5,142
13 years$8,944$7,827$6,831$5,949$5,170$4,422
14 years$8,220$7,114$6,138$5,281$4,532$3,821
15 years$7,593$6,499$5,542$4,710$3,991$3,316
16 years$7,044$5,963$5,024$4,217$3,527$2,887
17 years$6,561$5,491$4,572$3,789$3,127$2,522
18 years$6,132$5,074$4,174$3,415$2,781$2,208
19 years$5,749$4,703$3,821$3,085$2,478$1,938
20 years$5,404$4,370$3,507$2,794$2,214$1,703
21 years$5,092$4,071$3,225$2,536$1,981$1,500
22 years$4,810$3,800$2,973$2,306$1,776$1,323
23 years$4,552$3,554$2,745$2,100$1,594$1,168
24 years$4,316$3,330$2,538$1,915$1,433$1,033
25 years$4,099$3,125$2,351$1,749$1,289$914
26 years$3,900$2,937$2,180$1,599$1,161$809
27 years$3,715$2,764$2,025$1,464$1,047$717
28 years$3,544$2,604$1,882$1,341$945$636
29 years$3,385$2,457$1,752$1,230$853$564
30 years$3,237$2,320$1,632$1,129$771$501
31 years$3,098$2,193$1,521$1,037$697$445
32 years$2,969$2,075$1,419$953$630$395
33 years$2,847$1,965$1,325$876$570$351
34 years$2,734$1,863$1,238$806$517$312
35 years$2,626$1,767$1,158$742$468$278
36 years$2,525$1,677$1,083$683$424$247
37 years$2,430$1,593$1,014$630$384$220
38 years$2,340$1,514$949$580$348$196
39 years$2,255$1,439$889$535$316$174
40 years$2,174$1,369$833$494$286$155
41 years$2,097$1,304$782$455$260$138
42 years$2,024$1,241$733$420$236$123
43 years$1,955$1,183$688$388$214$109
44 years$1,889$1,128$646$358$194$97
45 years$1,826$1,075$606$331$176$87
46 years$1,766$1,026$569$306$160$77
47 years$1,709$979$535$282$145$69
48 years$1,655$934$503$261$132$61
49 years$1,602$892$473$241$120$55
50 years$1,552$852$444$223$109$49

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 $6,489 every year, while hoping to spend $34,628 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: 46/34/20 Blend
50$1,590,000$1,590,000$1,590,000$1,590,000
51$1,758,873$1,674,603$1,649,958$1,829,448
52$1,901,435$1,719,815$1,668,388$1,924,710
53$2,057,376$1,766,081$1,686,275$2,024,040
54$2,228,027$1,813,418$1,703,563$2,131,087
55$2,414,849$1,861,839$1,720,196$2,246,585
56$2,619,454$1,911,359$1,736,112$2,371,344
57$2,843,614$1,961,991$1,751,248$2,506,255
58$3,089,283$2,013,749$1,765,535$2,652,298
59$3,358,613$2,066,646$1,778,903$2,810,554
60$3,653,972$2,120,692$1,791,277$2,982,213
61$3,977,970$2,175,899$1,802,578$3,168,585
62$4,333,482$2,232,277$1,812,724$3,371,114
63$4,723,674$2,289,835$1,821,627$3,591,390
64$5,152,033$2,348,581$1,829,195$3,831,165
65$5,622,400$2,408,522$1,835,333$4,092,369
66$6,139,008$2,469,662$1,839,940$4,377,129
67$6,706,518$2,532,008$1,842,910$4,687,787
68$7,330,067$2,595,559$1,844,131$5,026,925
69$8,015,311$2,660,319$1,843,486$5,397,387
70$8,768,484$2,726,286$1,840,854$5,802,307
71$9,596,452$2,793,456$1,836,105$6,245,138
72$10,506,780$2,861,826$1,829,105$6,729,687
73$11,507,804$2,931,388$1,819,713$7,260,146
74$12,608,707$3,002,133$1,807,780$7,841,137
75$13,819,605$3,074,048$1,793,151$8,477,753
76$15,151,647$3,147,118$1,775,663$9,175,604
77$16,617,114$3,221,325$1,755,147$9,940,876
78$18,229,538$3,296,649$1,731,423$10,780,385
79$20,003,830$3,373,064$1,704,305$11,701,641
80$21,956,419$3,450,542$1,673,597$12,712,921
81$24,105,406$3,529,051$1,639,095$13,823,350
82$26,470,737$3,608,554$1,600,584$15,042,979
83$29,074,388$3,689,010$1,557,840$16,382,889
84$31,940,577$3,770,372$1,510,629$17,855,291
85$35,095,986$3,852,591$1,458,705$19,473,642
86$38,570,017$3,935,608$1,401,812$21,252,774
87$42,395,068$4,019,362$1,339,681$23,209,032
88$46,606,837$4,103,783$1,272,033$25,360,431
89$51,244,663$4,188,796$1,198,574$27,726,823
90$56,351,890$4,274,319$1,118,998$30,330,090
91$61,976,283$4,360,261$1,032,985$33,194,346
92$68,170,474$4,446,524$940,200$36,346,166
93$74,992,459$4,533,001$840,294$39,814,841
94$82,506,148$4,619,576$732,902$43,632,651
95$90,781,964$4,706,124$617,643$47,835,172
96$99,897,509$4,792,508$494,118$52,461,611
97$109,938,296$4,878,583$361,913$57,555,179
98$120,998,558$4,964,189$220,593$63,163,497
99$133,182,134$5,049,157$69,705$69,339,051
100$146,603,448$5,133,302$0$76,139,681