Can I retire at age 51 with 1,620,000?

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 $1,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$133,778$132,586$131,424$130,289$129,181$127,726
2 years$66,227$64,993$63,798$62,639$61,515$60,050
3 years$43,713$42,474$41,282$40,133$39,028$37,598
4 years$32,458$31,223$30,042$28,914$27,835$26,452
5 years$25,707$24,479$23,314$22,209$21,160$19,828
6 years$21,207$19,989$18,841$17,760$16,743$15,463
7 years$17,995$16,787$15,657$14,602$13,616$12,390
8 years$15,586$14,389$13,279$12,249$11,296$10,122
9 years$13,714$12,528$11,437$10,434$9,513$8,392
10 years$12,217$11,043$9,971$8,994$8,106$7,036
11 years$10,994$9,831$8,778$7,827$6,971$5,952
12 years$9,974$8,824$7,790$6,866$6,041$5,072
13 years$9,113$7,974$6,960$6,061$5,268$4,347
14 years$8,375$7,248$6,254$5,381$4,618$3,744
15 years$7,736$6,622$5,646$4,798$4,066$3,238
16 years$7,177$6,075$5,119$4,297$3,593$2,810
17 years$6,685$5,595$4,658$3,860$3,186$2,445
18 years$6,248$5,170$4,252$3,479$2,833$2,134
19 years$5,857$4,791$3,893$3,144$2,525$1,866
20 years$5,506$4,452$3,573$2,847$2,255$1,634
21 years$5,189$4,147$3,286$2,584$2,018$1,434
22 years$4,900$3,871$3,029$2,349$1,809$1,260
23 years$4,638$3,621$2,797$2,140$1,624$1,108
24 years$4,397$3,392$2,586$1,951$1,460$976
25 years$4,177$3,184$2,395$1,782$1,314$860
26 years$3,973$2,992$2,222$1,630$1,183$758
27 years$3,785$2,816$2,063$1,492$1,067$669
28 years$3,611$2,653$1,918$1,367$963$591
29 years$3,449$2,503$1,785$1,253$869$522
30 years$3,298$2,364$1,662$1,150$785$462
31 years$3,157$2,235$1,550$1,056$710$409
32 years$3,025$2,115$1,446$971$642$361
33 years$2,901$2,003$1,350$893$581$320
34 years$2,785$1,898$1,261$821$526$283
35 years$2,676$1,800$1,179$756$477$251
36 years$2,573$1,709$1,103$696$432$222
37 years$2,476$1,623$1,033$642$391$197
38 years$2,384$1,542$967$591$355$174
39 years$2,297$1,467$906$545$322$155
40 years$2,215$1,395$849$503$292$137
41 years$2,137$1,328$796$464$265$121
42 years$2,062$1,265$747$428$240$108
43 years$1,992$1,205$701$395$218$95
44 years$1,925$1,149$658$365$198$85
45 years$1,861$1,095$618$337$180$75
46 years$1,800$1,045$580$311$163$67
47 years$1,742$997$545$288$148$59
48 years$1,686$952$512$266$135$52
49 years$1,633$909$481$246$122$46
50 years$1,582$868$453$227$111$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $1,620,000, adding $5,143 every year, while hoping to spend $44,133 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: 54/33/13 Blend
50$1,620,000$1,620,000$1,620,000$1,620,000
51$1,790,545$1,704,685$1,679,575$1,880,887
52$1,926,223$1,741,257$1,688,884$1,979,488
53$2,074,262$1,778,143$1,697,025$2,081,557
54$2,235,875$1,815,310$1,703,913$2,191,637
55$2,412,398$1,852,724$1,709,458$2,310,498
56$2,605,303$1,890,348$1,713,566$2,438,991
57$2,816,210$1,928,141$1,716,137$2,578,052
58$3,046,903$1,966,059$1,717,066$2,728,714
59$3,299,344$2,004,054$1,716,245$2,892,114
60$3,575,697$2,042,072$1,713,559$3,069,505
61$3,878,342$2,080,057$1,708,887$3,262,268
62$4,209,901$2,117,948$1,702,103$3,471,925
63$4,573,262$2,155,679$1,693,075$3,700,155
64$4,971,606$2,193,178$1,681,664$3,948,807
65$5,408,435$2,230,369$1,667,724$4,219,918
66$5,887,606$2,267,168$1,651,104$4,515,737
67$6,413,370$2,303,487$1,631,644$4,838,739
68$6,990,406$2,339,230$1,609,177$5,191,654
69$7,623,870$2,374,296$1,583,527$5,577,492
70$8,319,442$2,408,573$1,554,512$5,999,570
71$9,083,377$2,441,945$1,521,940$6,461,544
72$9,922,566$2,474,286$1,485,610$6,967,445
73$10,844,603$2,505,461$1,445,314$7,521,716
74$11,857,851$2,535,326$1,400,830$8,129,256
75$12,971,523$2,563,729$1,351,929$8,795,464
76$14,195,772$2,590,505$1,298,372$9,526,291
77$15,541,780$2,615,479$1,239,906$10,328,299
78$17,021,869$2,638,465$1,176,271$11,208,720
79$18,649,614$2,659,264$1,107,190$12,175,528
80$20,439,972$2,677,665$1,032,379$13,237,511
81$22,409,421$2,693,443$951,536$14,404,358
82$24,576,119$2,706,358$864,349$15,686,748
83$26,960,069$2,716,156$770,490$17,096,454
84$29,583,313$2,722,565$669,619$18,646,453
85$32,470,138$2,725,297$561,378$20,351,049
86$35,647,302$2,724,047$445,395$22,226,012
87$39,144,292$2,718,490$321,280$24,288,722
88$42,993,595$2,708,282$188,628$26,558,340
89$47,231,009$2,693,055$47,015$29,055,985
90$51,895,980$2,672,422$0$31,804,935
91$57,031,971$2,645,972$0$34,845,294
92$62,686,874$2,613,267$0$38,198,802
93$68,913,464$2,573,846$0$41,890,174
94$75,769,891$2,527,218$0$45,953,845
95$83,320,232$2,472,864$0$50,427,766
96$91,635,094$2,410,233$0$55,353,764
97$100,792,283$2,338,743$0$60,777,936
98$110,877,533$2,257,779$0$66,751,088
99$121,985,318$2,166,687$0$73,329,214
100$134,219,743$2,064,777$0$80,574,024