Can I retire at age 51 with 1,600,000?

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 $1,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$132,127$130,950$129,801$128,681$127,586$122,767
2 years$65,409$64,191$63,010$61,866$60,755$55,956
3 years$43,173$41,950$40,772$39,638$38,546$33,917
4 years$32,057$30,837$29,671$28,557$27,491$23,068
5 years$25,389$24,177$23,026$21,934$20,898$16,693
6 years$20,945$19,742$18,609$17,541$16,536$12,552
7 years$17,773$16,579$15,464$14,422$13,448$9,683
8 years$15,394$14,212$13,115$12,098$11,157$7,607
9 years$13,545$12,374$11,296$10,305$9,396$6,057
10 years$12,067$10,907$9,848$8,883$8,005$4,871
11 years$10,858$9,710$8,670$7,731$6,885$3,949
12 years$9,851$8,715$7,694$6,781$5,966$3,220
13 years$9,000$7,876$6,874$5,986$5,203$2,639
14 years$8,271$7,159$6,177$5,314$4,561$2,171
15 years$7,640$6,540$5,577$4,739$4,016$1,792
16 years$7,089$6,000$5,056$4,243$3,549$1,483
17 years$6,602$5,526$4,601$3,813$3,147$1,229
18 years$6,171$5,106$4,200$3,436$2,798$1,021
19 years$5,785$4,732$3,845$3,105$2,494$849
20 years$5,438$4,398$3,529$2,812$2,228$707
21 years$5,124$4,096$3,246$2,552$1,993$589
22 years$4,840$3,824$2,991$2,320$1,787$492
23 years$4,581$3,576$2,762$2,113$1,604$410
24 years$4,343$3,351$2,554$1,927$1,442$343
25 years$4,125$3,144$2,366$1,760$1,297$286
26 years$3,924$2,955$2,194$1,609$1,169$239
27 years$3,738$2,781$2,038$1,473$1,054$200
28 years$3,566$2,621$1,894$1,350$951$167
29 years$3,406$2,472$1,763$1,238$858$140
30 years$3,257$2,335$1,642$1,136$776$117
31 years$3,118$2,207$1,531$1,043$701$98
32 years$2,987$2,088$1,428$959$634$82
33 years$2,865$1,978$1,333$882$574$69
34 years$2,751$1,875$1,246$811$520$58
35 years$2,643$1,778$1,165$747$471$48
36 years$2,541$1,688$1,090$688$427$40
37 years$2,445$1,603$1,020$634$387$34
38 years$2,355$1,523$955$584$350$28
39 years$2,269$1,448$895$539$318$24
40 years$2,187$1,378$839$497$288$20
41 years$2,110$1,312$786$458$262$17
42 years$2,037$1,249$738$423$237$14
43 years$1,967$1,190$692$390$215$12
44 years$1,901$1,135$650$361$195$10
45 years$1,838$1,082$610$333$177$8
46 years$1,778$1,032$573$308$161$7
47 years$1,720$985$538$284$146$6
48 years$1,665$940$506$263$133$5
49 years$1,612$898$476$243$121$4
50 years$1,562$858$447$224$110$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,600,000, adding $6,275 every year, while hoping to spend $28,710 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: 77/15/8 Blend
50$1,600,000$1,600,000$1,600,000$1,600,000
51$1,769,673$1,684,873$1,660,073$1,903,434
52$1,919,632$1,736,884$1,685,138$2,044,216
53$2,083,925$1,790,482$1,710,081$2,194,206
54$2,263,983$1,845,714$1,734,866$2,357,821
55$2,461,384$1,902,628$1,759,458$2,536,403
56$2,677,863$1,961,275$1,783,818$2,731,430
57$2,915,334$2,021,706$1,807,905$2,944,530
58$3,175,903$2,083,975$1,831,675$3,177,496
59$3,461,892$2,148,136$1,855,082$3,432,302
60$3,775,855$2,214,245$1,878,078$3,711,122
61$4,120,610$2,282,360$1,900,611$4,016,351
62$4,499,257$2,352,541$1,922,627$4,350,624
63$4,915,214$2,424,849$1,944,068$4,716,847
64$5,372,246$2,499,346$1,964,874$5,118,219
65$5,874,499$2,576,098$1,984,981$5,558,263
66$6,426,541$2,655,170$2,004,321$6,040,862
67$7,033,407$2,736,632$2,022,824$6,570,291
68$7,700,640$2,820,552$2,040,415$7,151,260
69$8,434,351$2,907,005$2,057,014$7,788,959
70$9,241,270$2,996,063$2,072,539$8,489,103
71$10,128,813$3,087,804$2,086,903$9,257,991
72$11,105,151$3,182,305$2,100,013$10,102,560
73$12,179,286$3,279,648$2,111,773$11,030,454
74$13,361,137$3,379,915$2,122,082$12,050,095
75$14,661,633$3,483,191$2,130,832$13,170,761
76$16,092,817$3,589,564$2,137,912$14,402,674
77$17,667,955$3,699,124$2,143,203$15,757,098
78$19,401,668$3,811,963$2,146,582$17,246,443
79$21,310,065$3,928,176$2,147,919$18,884,382
80$23,410,895$4,047,860$2,147,078$20,685,980
81$25,723,717$4,171,115$2,143,915$22,667,837
82$28,270,081$4,298,045$2,138,282$24,848,245
83$31,073,735$4,428,755$2,130,020$27,247,358
84$34,160,844$4,563,352$2,118,964$29,887,381
85$37,560,243$4,701,949$2,104,942$32,792,786
86$41,303,703$4,844,660$2,087,772$35,990,535
87$45,426,233$4,991,601$2,067,266$39,510,337
88$49,966,413$5,142,893$2,043,223$43,384,931
89$54,966,752$5,298,660$2,015,436$47,650,392
90$60,474,094$5,459,028$1,983,686$52,346,469
91$66,540,059$5,624,127$1,947,746$57,516,966
92$73,221,526$5,794,090$1,907,377$63,210,150
93$80,581,176$5,969,055$1,862,329$69,479,208
94$88,688,078$6,149,161$1,812,339$76,382,750
95$97,618,345$6,334,553$1,757,135$83,985,359
96$107,455,847$6,525,377$1,696,430$92,358,204
97$118,293,008$6,721,785$1,629,925$101,579,708
98$130,231,675$6,923,933$1,557,308$111,736,292
99$143,384,078$7,131,978$1,478,250$122,923,187
100$157,873,893$7,346,083$1,392,410$135,245,333