Can I retire at age 51 with 1,610,000?

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 $1,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$132,952$131,768$130,613$129,485$128,384$126,309
2 years$65,818$64,592$63,404$62,252$61,135$59,050
3 years$43,443$42,212$41,027$39,886$38,787$36,757
4 years$32,257$31,030$29,857$28,735$27,663$25,704
5 years$25,548$24,328$23,170$22,072$21,029$19,146
6 years$21,076$19,866$18,725$17,651$16,639$14,835
7 years$17,884$16,683$15,561$14,512$13,532$11,807
8 years$15,490$14,300$13,197$12,173$11,226$9,580
9 years$13,630$12,451$11,366$10,369$9,454$7,886
10 years$12,142$10,975$9,909$8,938$8,055$6,564
11 years$10,926$9,770$8,724$7,779$6,928$5,511
12 years$9,913$8,769$7,742$6,823$6,004$4,660
13 years$9,056$7,925$6,917$6,024$5,235$3,963
14 years$8,323$7,204$6,215$5,347$4,589$3,386
15 years$7,688$6,581$5,611$4,769$4,041$2,905
16 years$7,133$6,038$5,088$4,270$3,571$2,500
17 years$6,644$5,560$4,630$3,837$3,166$2,157
18 years$6,209$5,138$4,226$3,458$2,815$1,866
19 years$5,821$4,762$3,869$3,124$2,509$1,617
20 years$5,472$4,425$3,551$2,830$2,242$1,404
21 years$5,157$4,122$3,266$2,568$2,006$1,221
22 years$4,870$3,847$3,010$2,335$1,798$1,063
23 years$4,609$3,598$2,779$2,126$1,614$926
24 years$4,370$3,372$2,570$1,939$1,451$808
25 years$4,151$3,164$2,381$1,771$1,305$705
26 years$3,949$2,974$2,208$1,619$1,176$616
27 years$3,762$2,799$2,050$1,482$1,060$539
28 years$3,588$2,637$1,906$1,358$957$471
29 years$3,427$2,488$1,774$1,245$864$412
30 years$3,277$2,349$1,652$1,143$780$361
31 years$3,137$2,221$1,540$1,050$706$316
32 years$3,006$2,102$1,437$965$638$277
33 years$2,883$1,990$1,342$887$578$243
34 years$2,768$1,886$1,254$816$523$213
35 years$2,659$1,789$1,172$751$474$187
36 years$2,557$1,698$1,096$692$429$164
37 years$2,461$1,613$1,026$638$389$143
38 years$2,369$1,533$961$588$353$126
39 years$2,283$1,457$900$542$320$110
40 years$2,201$1,387$844$500$290$97
41 years$2,123$1,320$791$461$263$85
42 years$2,050$1,257$742$426$239$75
43 years$1,980$1,198$697$393$217$65
44 years$1,913$1,142$654$363$197$57
45 years$1,849$1,089$614$335$179$50
46 years$1,789$1,039$577$309$162$44
47 years$1,731$991$542$286$147$39
48 years$1,675$946$509$264$134$34
49 years$1,623$904$479$244$121$30
50 years$1,572$863$450$226$110$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,610,000, adding $5,239 every year, while hoping to spend $30,794 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: 66/26/8 Blend
50$1,610,000$1,610,000$1,610,000$1,610,000
51$1,779,624$1,694,294$1,669,339$1,894,032
52$1,928,381$1,744,550$1,692,497$2,021,005
53$2,091,279$1,796,236$1,715,399$2,155,560
54$2,269,729$1,849,390$1,738,004$2,301,804
55$2,465,281$1,904,051$1,760,268$2,460,874
56$2,679,648$1,960,258$1,782,145$2,634,019
57$2,914,712$2,018,050$1,803,586$2,822,617
58$3,172,547$2,077,468$1,824,540$3,028,184
59$3,455,437$2,138,556$1,844,953$3,252,387
60$3,765,901$2,201,354$1,864,768$3,497,066
61$4,106,709$2,265,906$1,883,924$3,764,241
62$4,480,915$2,332,257$1,902,357$4,056,142
63$4,891,882$2,400,452$1,920,000$4,375,222
64$5,343,317$2,470,537$1,936,783$4,724,182
65$5,839,300$2,542,558$1,952,630$5,105,998
66$6,384,330$2,616,564$1,967,464$5,523,947
67$6,983,359$2,692,603$1,981,202$5,981,639
68$7,641,845$2,770,724$1,993,756$6,483,051
69$8,365,802$2,850,979$2,005,035$7,032,560
70$9,161,854$2,933,417$2,014,944$7,634,993
71$10,037,299$3,018,090$2,023,381$8,295,663
72$11,000,180$3,105,053$2,030,240$9,020,424
73$12,059,355$3,194,357$2,035,410$9,815,726
74$13,224,586$3,286,058$2,038,773$10,688,675
75$14,506,629$3,380,210$2,040,208$11,647,097
76$15,917,335$3,476,869$2,039,584$12,699,617
77$17,469,759$3,576,092$2,036,766$13,855,735
78$19,178,290$3,677,936$2,031,613$15,125,920
79$21,058,780$3,782,459$2,023,976$16,521,705
80$23,128,695$3,889,719$2,013,699$18,055,797
81$25,407,281$3,999,775$2,000,618$19,742,197
82$27,915,747$4,112,687$1,984,561$21,596,333
83$30,677,459$4,228,515$1,965,350$23,635,200
84$33,718,166$4,347,318$1,942,796$25,877,528
85$37,066,241$4,469,159$1,916,701$28,343,954
86$40,752,948$4,594,098$1,886,861$31,057,216
87$44,812,736$4,722,196$1,853,058$34,042,369
88$49,283,567$4,853,515$1,815,067$37,327,021
89$54,207,270$4,988,117$1,772,652$40,941,594
90$59,629,940$5,126,063$1,725,563$44,919,609
91$65,602,368$5,267,414$1,673,544$49,298,004
92$72,180,524$5,412,232$1,616,322$54,117,482
93$79,426,084$5,560,578$1,553,615$59,422,893
94$87,407,010$5,712,511$1,485,127$65,263,660
95$96,198,193$5,868,093$1,410,547$71,694,244
96$105,882,160$6,027,381$1,329,552$78,774,659
97$116,549,853$6,190,435$1,241,804$86,571,036
98$128,301,483$6,357,311$1,146,950$95,156,248
99$141,247,481$6,528,066$1,044,619$104,610,598
100$155,509,537$6,702,754$934,427$115,022,577