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%16.2%
1 years$132,952$131,768$130,613$129,485$128,384$125,128
2 years$65,818$64,592$63,404$62,252$61,135$57,876
3 years$43,443$42,212$41,027$39,886$38,787$35,626
4 years$32,257$31,030$29,857$28,735$27,663$24,625
5 years$25,548$24,328$23,170$22,072$21,029$18,123
6 years$21,076$19,866$18,725$17,651$16,639$13,868
7 years$17,884$16,683$15,561$14,512$13,532$10,895
8 years$15,490$14,300$13,197$12,173$11,226$8,723
9 years$13,630$12,451$11,366$10,369$9,454$7,082
10 years$12,142$10,975$9,909$8,938$8,055$5,811
11 years$10,926$9,770$8,724$7,779$6,928$4,809
12 years$9,913$8,769$7,742$6,823$6,004$4,006
13 years$9,056$7,925$6,917$6,024$5,235$3,355
14 years$8,323$7,204$6,215$5,347$4,589$2,822
15 years$7,688$6,581$5,611$4,769$4,041$2,383
16 years$7,133$6,038$5,088$4,270$3,571$2,017
17 years$6,644$5,560$4,630$3,837$3,166$1,712
18 years$6,209$5,138$4,226$3,458$2,815$1,456
19 years$5,821$4,762$3,869$3,124$2,509$1,241
20 years$5,472$4,425$3,551$2,830$2,242$1,059
21 years$5,157$4,122$3,266$2,568$2,006$905
22 years$4,870$3,847$3,010$2,335$1,798$774
23 years$4,609$3,598$2,779$2,126$1,614$662
24 years$4,370$3,372$2,570$1,939$1,451$567
25 years$4,151$3,164$2,381$1,771$1,305$486
26 years$3,949$2,974$2,208$1,619$1,176$417
27 years$3,762$2,799$2,050$1,482$1,060$358
28 years$3,588$2,637$1,906$1,358$957$307
29 years$3,427$2,488$1,774$1,245$864$264
30 years$3,277$2,349$1,652$1,143$780$227
31 years$3,137$2,221$1,540$1,050$706$195
32 years$3,006$2,102$1,437$965$638$167
33 years$2,883$1,990$1,342$887$578$144
34 years$2,768$1,886$1,254$816$523$124
35 years$2,659$1,789$1,172$751$474$106
36 years$2,557$1,698$1,096$692$429$91
37 years$2,461$1,613$1,026$638$389$79
38 years$2,369$1,533$961$588$353$68
39 years$2,283$1,457$900$542$320$58
40 years$2,201$1,387$844$500$290$50
41 years$2,123$1,320$791$461$263$43
42 years$2,050$1,257$742$426$239$37
43 years$1,980$1,198$697$393$217$32
44 years$1,913$1,142$654$363$197$27
45 years$1,849$1,089$614$335$179$24
46 years$1,789$1,039$577$309$162$20
47 years$1,731$991$542$286$147$17
48 years$1,675$946$509$264$134$15
49 years$1,623$904$479$244$121$13
50 years$1,572$863$450$226$110$11

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 $3,258 every year, while hoping to spend $39,277 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: 76/15/9 Blend
50$1,610,000$1,610,000$1,610,000$1,610,000
51$1,777,581$1,692,251$1,667,296$1,909,823
52$1,917,103$1,733,380$1,681,360$2,038,424
53$2,069,541$1,775,209$1,694,578$2,174,021
54$2,236,170$1,817,730$1,706,882$2,321,530
55$2,418,394$1,860,933$1,718,197$2,482,120
56$2,617,760$1,904,809$1,728,447$2,657,077
57$2,835,971$1,949,344$1,737,549$2,847,819
58$3,074,902$1,994,525$1,745,420$3,055,905
59$3,336,619$2,040,333$1,751,968$3,283,054
60$3,623,396$2,086,751$1,757,100$3,531,160
61$3,937,736$2,133,756$1,760,717$3,802,307
62$4,282,399$2,181,323$1,762,715$4,098,793
63$4,660,422$2,229,427$1,762,985$4,423,147
64$5,075,153$2,278,036$1,761,412$4,778,157
65$5,530,276$2,327,117$1,757,877$5,166,894
66$6,029,851$2,376,633$1,752,253$5,592,739
67$6,578,351$2,426,543$1,744,408$6,059,421
68$7,180,701$2,476,803$1,734,205$6,571,046
69$7,842,330$2,527,363$1,721,497$7,132,136
70$8,569,214$2,578,170$1,706,134$7,747,677
71$9,367,939$2,629,166$1,687,955$8,423,162
72$10,245,762$2,680,288$1,666,794$9,164,640
73$11,210,674$2,731,467$1,642,477$9,978,780
74$12,271,483$2,782,629$1,614,820$10,872,928
75$13,437,890$2,833,693$1,583,632$11,855,180
76$14,720,584$2,884,574$1,548,713$12,934,456
77$16,131,342$2,935,176$1,509,853$14,120,585
78$17,683,139$2,985,399$1,466,833$15,424,399
79$19,390,270$3,035,135$1,419,423$16,857,831
80$21,268,488$3,084,267$1,367,384$18,434,033
81$23,335,147$3,132,669$1,310,465$20,167,499
82$25,609,369$3,180,207$1,248,402$22,074,197
83$28,112,224$3,226,737$1,180,923$24,171,726
84$30,866,927$3,272,103$1,107,740$26,479,479
85$33,899,059$3,316,141$1,028,554$29,018,826
86$37,236,804$3,358,673$943,053$31,813,316
87$40,911,221$3,399,511$850,908$34,888,901
88$44,956,531$3,438,453$751,778$38,274,178
89$49,410,442$3,475,281$645,308$42,000,662
90$54,314,504$3,509,768$531,123$46,103,083
91$59,714,503$3,541,666$408,835$50,619,711
92$65,660,890$3,570,715$278,039$55,592,721
93$72,209,256$3,596,636$138,309$61,068,591
94$79,420,861$3,619,132$0$67,098,537
95$87,363,207$3,637,887$0$73,740,041
96$96,110,677$3,652,567$0$81,068,507
97$105,745,236$3,662,812$0$89,139,228
98$116,357,205$3,668,245$0$98,027,792
99$128,046,113$3,668,462$0$107,817,492
100$140,921,634$3,663,034$0$118,600,115